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<br /> ' ,. :.� BORROWER CO'VENAN'I'S that Borrowor is lawfully saiged ot tho estatc hereby vcyed and has tho ght tu rM
<br /> . ..�,� , g�unt und c:amay the Prupc;rty aad that the Praperty is unencumbcsred�except fos encumbrance;.g��[rccard. Borrawer �r_
<br /> � warrants and will dcfend genctally thc tlttc ta thc Prapeny against aU claims and domends.�subJect ta eny cncumbrances �. -
<br /> . , ��^� ot re,cotd. -
<br /> THIS 9ECUR1'TY IN5TRUMENT oombines unifarm oovcnants for natianal usc:end nan-uni[orn1 covcnunts with
<br />'.:;�;:l,- Umitai vaNwUons by Jurlsdicdaa to wnstltute a uN[orm securlty insaumeat oovcring real praperry.
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<br /> ��;.� UNIE�OYtM COVENANTS. Bonowcr and Lcudee cavcn�tt aad agrec ag followrs: -- _
<br /> Y. P����p�����a�d Vto(�ar,o, Borrau��cr dhaU pey whcn duc thc princtp�l of,and int�test
<br /> �� on.thc dcbt cvldsnad by tho Notc aad late chargcs due uader tho Note.
<br /> `�!� 2. Monthlg Paymeat o[ltists,I�sut�aoe�aod Otber Cbar>a►- Bon°�'�cr sbatl include in cach monthly paymcnt,
<br /> ,',,,',� � together with tho ptinc(pal and tatere�t su ect forth in the Nota and any fat�charg�es,n sum for (a)taxes and special
<br /> assossmcats le.wled or to be I�wied against the Property,(b)leaschald payments or grouad renta on the Property,and
<br /> . (c) ptendums for insurencc+rcqulrul under paragraph 4• 1n enY Year In wWcd tha Lcnder must p�y a mortgaga
<br /> :�:,:,. ' � " .or[n an in which euch
<br />, .;,,�> lasurance premium to tde Secreury of Housing aad Urban I)evclapment(Sccretary) y y�
<br /> "�" .. preml�um wauld have beea roqulted!f Lender still held tho Secur[ty Insuumeat,each monthlY payment shall dso
<br />, ,�,,.•
<br />_r•.;:� iacludc etth�r.(1)a sum for the uinwt mortgage insu�raauae premium w be paid by Leader to the Secretary,or(ti)n
<br />-�Y;:.�.... moathty ch�rge instead of a moctgage lnsurance premium It this SGCUdty Instrument is held by We Secretary.ia a
<br /> _�;�.� reasonable amount to be detarn�lned by the Secrotaty. Fxapt tor the monthly edarge by the Secretary. thes�Items
<br />_-�r�„ are caUed'Esccow Items'and the sums paid ta Lendot are called 'Fscrow F1�nds."
<br /> `wT� Lender may�at any tima,cnAect and hold amoun�a for Esccow Items in an aggregate amount not to�acce.�d d►c ---
<br /> "����` ma�dmum amount tdat muy be requirod for Bonower's escrow account under the Real Estate SetUeinent Procedures
<br /> � Act of 1974,12 U.S.C.4 2601 et seci•and implemen[Ing rcgulaUoas,24 CFR Part 3500�as they m.ay be ameaded frora
<br /> =�'���" _ tLae to timo('RESPA'),eaoept that ttte cushioa or reservo parmitted by RESPA for unaaticipated disbursements or
<br /> disbursements before the Borrower's payments are availabla in the acoount may not be based on amounts du�for the
<br /> "'-�:^.� � mongage fasurance pnmiuta.
<br /> -"�� If the amowtts held by Leader for F.scrow Items e�cceed the emounts permittal to be held hy RESPA,Lender shall
<br /> :;a� account to Bonower for tha exuess Nads as required by RESPA. If th°amounts of 11�nds held by Lcnder at any time
<br /> � y� -- are not su�cieat to pay the Escrow Items when due,Lender m�y notit�the Bonnwer and require Bonower to make
<br /> — up the shortage as pertaitted by RFSPA.
<br /> ---- The Fscrow Funds are pledged as addit[onal securiry for all suins sectued by tlils Sccudty Irrstrumea� H Borrower
<br /> tenne�s co Lender�e fuii p.yu�cui af�i suzh swn�.EaF:os:�er's�:�ZSBt SllBl1 L+��reAited wlth the baldIIOO TCm�1NI1R ,
<br /> �� for all instellmeat items(a),(b),and(c)aad any mongage tasurauca premium inataUment that Lendes bas not b000me
<br /> - obllgatod to pay to the Secretary,and Leader shaU promptly refund any cxass fui►ds to Borrow'er. Immedtately pdor
<br /> to a foreclosure sale of the Property or its aoquisition by Lender,Borcower's acac�unt shall be credltal wlth any b�1a►nae
<br /> rc�aining for aU installments for items(a).(b)�and(c).
<br /> -- g, p�pliCatioa n(paya�,aa. All payments under paragrapbs 1 and 2 shall be appllcd by I.ender as tollows:
<br /> FIR5T•to the mortgage insurance premium to be paid by Lsnder to the Secretary or to the moathty charge by the
<br /> - Secretary instead of the monthty mongage insurance premlum;
<br /> ---_-- S�COND.to any twces,special essessments,leusehold payments or�und renu,and Are,flaod and othcr 6azard
<br /> insurance premiumc. as roquired:
<br /> THIRD•to Interest due under tka Note;
<br /> FOURT4-I,to amortluUon of the princlpul of tbe Note;and
<br /> FIFTH,to lato chuges duo under the Note.
<br /> ,E, �Ice,F�lood a�d OU�er NaTacd Imnranoa Borrower sEall insure all Impmvements on tha Properry�whet6er
<br /> now ta e�dsteace or subsequenUy erectcd�ag�inst aay haxards,c;asuslties.end oontingenctes,including Gn,for which
<br /> L,ender requires inswwnoe. "Ihis lnsuc�nce shall be maintained in the emounts and for the pedods that Lender
<br /> _._ require,y, gorcow�er shall e]so fnsure all improvements ou tha Ptoperty,whether now in adsunoe or subsequendy►
<br /> ----- erected,agelnst loss by floods to the extent required by the Saxetasv. All iosurance shall be carrlod witli oompaaky
<br />------ _ -- approved by Lcader. 'Ibe insurance polldes and any renewals shall ba held by I.ender and shall iaclude loss payable
<br /> clauses in favor of,and in a form acccptable to,Lender.
<br />--�-_-- In the eveat of loss,Horrrnver shall give Lender immediata notice by maiL Lender may make proof of loss if not
<br /> �__-- mada promptly by Borrower. Eech insurance wmpany aoncernod is hereby autharized and dir�ectal to awke prymeat
<br /> "--i � for such loss dtreccly to Leader, instead of to Borrower and to Lender Jointly. All nr aay parc o!We insuranoe
<br /> 3'���'` proaeds may be applled by I.cnder,at its option,eiWer(a)to the reducUon of the Indebtedaess under tha Note and
<br /> 'S;�y�� thls Securlty Instrument,tirst to any delinquont amouats applial in the order in paragraph 3,and thon to prepxymeat
<br />- -`�;�'`'��"_" of principal,or (b) to the reswratton or repair of We damaged Property. Any appllcatton of the prooeeds to the
<br /> -'r=`f�`;�' prluclpal shall not�xtead or postpone the due date of the monthly payments which arc refemed to in paragraph 2,or
<br /> "`�''_' �� �• change thc amount of such payments. Any exoess insurance prooeecfs over aa amaui►t requireA to pay all outstending
<br /> � . �'��i�`� indebtalness undar the Note and this Securiry Insuumont shall be paid to the entity legally entlUed theceto.
<br />=_1�,~�.� In the evcnt uf foreclosurc of this Secunty Insuumeat or other transfer of title to the Properry that e.xtingufshcs —
<br />° �� the indebtedncss, all riRht, title and interest of Borrower in and to insurance polic[es in foroo shall pass ro the
<br /> ��_ purchaser.
<br /> ,�� � s. oocnpan�►. P�r�vaaon. rMtnccamoe ana rrorect�n or the Properey; Bocno�er'� Lo�n applk�ation:
<br /> ' Leaseholds. Bonower shall oceupy,cstablish,and use the Property as Borrower's princlpal residence within sixry deys
<br /> '-� -.�'- _2�L9 �L�.J..� ..t��e.�.oeto...�.awcfn�nf ttu.Dmnartul�eA shnll -.
<br /> - ._- :��<� BIWI lIIC C7tGt.vtion vi inis�ci:uiny i►�iiduicui�vi viuun ou►•�voajo...o.o.................................---r--v� ---- _
<br /> oontinue to occupy the Properry as Borrower's prlacipal residence for at least one year after the date of occupanc,y,
<br /> uNcss Lencler determin�s that requirement will ca�use undue hardship tor Bflrrower, or unless extenuating _
<br /> • clrcumstances exist whirh are beyond Bonower's control. Borrower shall notitj� Lender of any extenwsting =
<br /> NBBRASKA-PHA D�D OF 7RUSl' - - 4% _
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