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201305581
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Last modified
8/19/2014 2:23:32 PM
Creation date
7/11/2013 8:18:00 AM
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DEEDS
Inst Number
201305581
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201305581 <br />1111071421 <br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless <br />Borrower: <br />(a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to <br />Lender; <br />contests in good faith the lien by, or defends against enforcement of the lien in, legal proceedings <br />which in the Lenders opinion operate to prevent the enforcement of the lien; or <br />(c) secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to this <br />Security Instrument. If Lender determines that any part of the Property is subject to a lien which <br />may attain priority over this Security Instrument, Lender may give Borrower a notice identifying the <br />lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days <br />of the giving of notice. <br />ro) <br />8. Fees <br />Lender may collect fees and charges authorized by the Secretary. <br />9. Grounds for Acceleration of Debt <br />(a) Default. Lender may, except as limited by regulations issued by the Secretary in the case of <br />payment defaults, require immediate payment in full of all sums secured by this Security Instrument <br />if: <br />(i) Borrower defaults by failing to pay in full any monthly payment required by this Security <br />Instrument prior to or on the due date of the next monthly payment, or <br />(ii) Borrower defaults by failing, for a period of thirty days, to perform any other obligations <br />contained in this Security Instrument. <br />Sale Without Credit Approval. Lender shall, if permitted by applicable law (including Section <br />341(d) of the Gam -St Germain Depository Institutions Act of 1982, 12 U.S.C. 1701j -3(d)) and with <br />the prior approval of the Secretary, require immediate payment in full of all sums secured by this <br />Security Instrument if: <br />• <br />(i) All or part of the Property, or a beneficial interest in a trust owning all or part of the Property, is <br />sold or otherwise transferred (other than by devise or descent), and <br />(ii) The Property is not occupied by the purchaser or grantee as his or her principal residence, or the <br />purchaser or grantee does so occupy the Property, but his or her credit has not been approved in <br />accordance with the requirements of the Secretary. <br />(c) No Waiver. If circumstances occur that would permit Lender to require immediate payment in full, <br />but Lender does not require such payments, Lender does not waive its rights with respect to <br />subsequent events. <br />(d) Regulations of HUD Secretary. In many circumstances regulations issued by the Secretary will <br />limit Lender rights, in the case of payment defaults, to require immediate payment in full and <br />foreclose if not paid. This Security Instrument does not authorize acceleration or foreclosure if not <br />permitted by regulations of the Secretary. <br />(e) Mortgage Not Insured. Borrower agrees that if this Security Instrument and the Note are not <br />determined to be eligible for insurance under the National Housing Act within 60 days from the date <br />hereof, Lender may, at its option, require immediate payment in full of all sums secured by this <br />Security Instrument. A written statement of any authorized agent of the Secretary dated subsequent <br />to 60 days from the date hereof, declining to insure this Security Instrument and the Note, shall be <br />(b) <br />FHA Nebraska Deed of Trust - 06/13 <br />allio 391.24 Page 5 of 9 <br />
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