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<br /> � 97�110�42 ���';��:,.
<br /> � AORROWLR CdVBNANTS thut Borrowcr is luwtully sciscQ of thc cstutc hcrcby c�nvcycd and has thc rlghc�a � �. ���_
<br /> grunt und convcy ttic Pr��perty und that thc Prope:rty iy uncncumhcrcd,cxa:pt l�fr cncutnbrunccs of rccord. 8nrrowcr �i-
<br /> wurrunts und will dcfcnd gonurally thc tiUc to thc Prop�:rty ugaingt uU cluims und dcmanJs,sub)cct tu any cncumbruncc.g -
<br /> c�f rccc�rd. „ � ';:-.
<br /> THlS SECURITY INSTRUMBNT wmbincs unl[arm a�vcnunts for nutiunul usc und nun-unUc�rm cavcnants wich :,,F.
<br /> . . • � Umlted varletinns by JurlsdicUcm ta c;anstiwtc u unl[��cm nccuri�y immtrumcnt arvcdng rcul pro}xriY. .,.;G,�_::
<br /> ., c i UNIFURM COVENAI�TS. IIurrc�wcr and Lcndcr cavcnunt and ngrcc iis foll�wy: • •_�
<br /> ��,
<br /> � � 1, p�ymen�Qrpriacip�l�interest and Iitc C6uaa, Borrowcr shail puy whcsn duc thc princlpul of,and intcrest ,•._�"
<br /> ...w�r""' �� on,thc debt cvidcncecl by thc Notc and latc chargcs duc undcr thc Nate. �—"-
<br /> y�-�^��^"'"�'4 � 2. Monthly Faymeat of T��Inauranoo,and Othcr Chu�es. Borrawcr shall includc in cach monthly paymenc, �:,�=�"=T=°
<br /> togetner with the princlpal and inter�t as set forth in the Note and any lute chargcs,a sum for(a)taxes and special �:r,,,,�.
<br /> � assessments levied ar to be lcvled against thc Property,(b)leasehold payments or grUUnd ren�5 on the Property,and �;�:��
<br /> '� � (c) premiums for insurancc rcqaired under paragraph 4. In any year in which the L.cnder must pay a mortgage �-,---.__.__
<br /> � insuranc;e premium to the Secretary af Housing and Urban Devclopment("Secrotary"),or in any year in whlch such =w�
<br /> premium would havc been requtred if Lender still held the Security Instrument,each monthly payment shall also
<br /> include either: (i)a sum far the annual mortgage insurance premium to be pald by Lender to the Secretary,or(ii)a R
<br /> . monthly charge instead of a mongage insurancc premium if thls Security Instrument is held by the Secretary, in a ^ __-..
<br /> ! reasonable amount to be determlaed by We Secretary. Except for the montWy charge by the Secretary,these items R_
<br /> Y• are called"Escrow Items"and the sums paid to Lcader are called"Fscrow Funds." =_
<br /> � Lender may,at any time,caUect and hold amounts for Escrow Itertis!n an aggregata amount not to exceed the �'_'° -
<br /> . maximum amount that may be required for Borrower's esctow account under the Real Estate Settlemene Procedures `:=
<br /> Act of 1974,12 U.S.C.§2601 et seq.and implemen[ing regulations,24 CFR Part 350U,as they may be amended from
<br /> time to time("RESPA"),except that the cushion or reserve permitted by RESPA for unanticipated disbursements or � �
<br /> �, disbursements before ths Borrower's payments areavaUable in the account may not be based on amounts due for the ___
<br /> � mongage insurance premiuni. �=--
<br /> '� If the amounts held by L.ender for Fscrow Items exceed the amounts permitted to be held by RESPA,Lender shall =
<br /> account to Borrower for the excess funds s�,s required by RESPA. If the umounts of funds held by Lc:nder at any time
<br /> ' are not sufQcient to pay the Escrow Items when due. Lender may notify the Borrower and recluire Borrower to make
<br /> �' up the shortage as permitted by RLSPA.
<br /> % The Escrow fi�nds are pledged as additioaal sccui�ity for all sum5 secured by this Secudty Instrument. If Bonower
<br /> - -� �� tenders to i.ender che fulI paymCni ui elI�acr�sutrw,P,�rrau�r's accnuns�h�l1 be czedlt���t3Lh the L+�1?n�P remainin¢
<br /> �' for all installment items(a),(b),and(c)and aay mortgage lnsurance p�remium installment that Lender has not become
<br />_ �� obligated t4 pay to the Secretary,and Lender shall promptly refund any excess funds to Borrower. Immediately prlor
<br /> to a foreclosure sale of the Property or its acquisitian�by Lender,Bonower's account shall be credited wlth any balance
<br /> remaining for all installments for items (a),(b),and (c).
<br /> 3, ApplicYtion of Payments. AJl paymen�s undcr paragraphs 1 and 2 shall be applied by Lender as follows:
<br /> I�RST•to the mortgage lnsurance premium to be paid by Lender to the Secretary or to the manthly charge by the
<br /> Secretary instead of the monthly mortgage insurance premium;
<br /> SECOND,to any taxes,special assessments.lcasehold payalents or ground rents,and flre,flood and other huzard
<br /> insurance premiums,as required;
<br /> THIRD,to interest due unde.r thc Note;
<br /> FOURTH,to amortization of the principal of the Note;and
<br /> ..� FIFTH,to late charges due under the Note. `
<br /> 4, F7rc�Flood and Other Fl�rd Insurance. Sonower shall insure all improvements on the Property,whether
<br /> now in existence or subsequcntty erected,against nny hazards.casualties,aad conttngencies,including fire,for which =
<br /> �� Lender requires insurance. This insuraace shall be maWtained In the amounts and for the periods that Lender _-
<br /> requires. Borrower shal7 also lnsure a11 improvements on thc Progcrty,whether now tu existencc or subsequently
<br /> erec:ted,against lass by floods to the extent requtred by the Secretary. All insurance shall be carried wlth wmpanies ____
<br />; � approvecl by Lender. The iasurance policles and any renew�Ls shall be held by L,ender and shall include loss payable —
<br /> clauses in favor of,and In a form acceptable tQ,Lender.
<br />� � In thc event of loss,Borrower shull givc Lc:ndcr immediatc notice by mail. Lender may makc proof of loss if not
<br /> . made promptly by Borrower. Each insurance cc�mpany concerneci is hereby authorized and dtrected to make payment = �
<br />- for such loss directly to Lender, instead of to Bonower and to Lender jointly. All or any part of the insurance �:=-
<br /> procceds may bc applied by L.cndcr,at its option,cithcr(a) to the reductton of the indebtedness under the Note and �.`�_
<br /> this Sccuriry Instrument,first to any delinquent amounts applicd in the order in paragraph 3,and then to prepayment '���—
<br /> �4i v.r.r
<br /> - • of principal, or (b) to the restoratlon or repair of the damaged Pr�perty. Any appltcatton of the proceeds to the =_=�:
<br /> principal shnll not extend or postpone the due date of the monthly payments which are referred to in paragraph 2,or '=-'�..
<br /> _ change the amount of such payments. Any excess lnsurance procceds ovcr an amount required to pay all outstanding
<br /> indebtedness undcr the Note and thls Sccurity Instrument shall bc paid to the entity Iegally entttled thcrcto. ' �
<br /> � In thr,event of fcreclosure of this Security Instrument or other transfer of title to thc Property tliat extinguishes �
<br /> the indcbtedness, �ll right, tlQe and intetest ot E3orrower in and to insurance pnlicies in force shall pass tn the
<br /> purchascr.
<br /> 5. pocupanry, Pccsctvution, Maintcnancc and Ptotcction of thc Property; Bortowct's Lnan Appllcatiun;
<br /> Leaseholds. Borrower shall occupy,establish,and use thc Property as Borrower's principal residence within sixty days
<br /> _ .. . . .. ---..�___e.u_o.......i«.t.....«........• i......L6t«.�t..n..1.....•..f.,lnror cnla nr truncfnr nf thn Prnnnrtvl and cha❑
<br /> .,. . dRCf IRC C][GI.UUUt�vt utm w�.uau� au.,••uuwu. t.........,..o....�..o�.,...«.»............,. ......-"' .._...'''..C"y�__.__.____ - ..
<br /> continuc to occupy thc Property as Borrowcr's principal resIdencc for at Icast onc ycar aftcr thc datc of occupancy, (
<br /> unlcss Lr.nder dctcrmines that requiremcnt will wusc undue hardship for Borrower, ur unless extenuating ;
<br /> circumstancw cxist which arc bcyond Borrow�er's control. Borro�vcr shall notify I.cndcr of any cxtcnuating i
<br /> � Nt?BKASKA-P7{A DHHD OE'IItUSI' � Ir
<br /> , INcument S�Y�emL Inc(600)6441J62 NIIbC 2 Uf 6 I
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