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<br /> circunutances. Borrower sl�all not commit wastc or destroy, damage or substantially change th� Property or allow Ihc
<br /> Property tu deteriorat�, reasonnblc weur and tear excepted. L.cndNr nu�y iaspect the Propeny if the Praperty is vucant
<br /> or ebAndoned or the low� Is in default. Lender nwy take reasonable action to protect and preserve such vwe�u�t or
<br /> ab�ndoned Property. Honower shall also be in default if fiorrower, durtng the lo�n application process,gave materlally
<br /> false or ineccurate lnformadon or statements to I.ender (�r falled to provide Lender with any material Intarniation)
<br /> in wnnection with the loan evldenced by the Note, including,but not limited to,representatluns concerning Borrower's
<br /> occupancy of tho Propeny as a principal resldettce. If this Security Instrument is on s leasehold, Borrower sl�all comply
<br /> with the provlslon� of the lease. If Borrowe�• acquires fee ti�lc to the Prapeny. thc leasehold and fee title sheJl not _
<br /> bo mergaf unla� Lender agra� to the merger ln writfng.
<br /> 6, Coodpnoatic�a, '(he proceeds of any award or claim far damages, direct or consequential, in connection wlth
<br /> any condemnatlon or other taking of any pxrt of the Property,or for conveyance in place of condemnatlon, ar^hereby
<br /> asslgned And sh�ll be paid to I.ender to the extent of the full azmunt of the indebtcdn�sa thet remalns unpald undcr
<br /> the Note and thls Security Instrument. L.ender shall apply such proceeds to the reduction of the indebtedness under
<br /> the Note and thls Securlty Instn�ment, Crst to any delinqucnt amnunts applied in the order provided In paragraph 3,
<br /> and then to prepayment of piincipal. A�y nppllcation of the pracesds to the principal shall noc extend or postpone
<br /> the due date of thc monthly payments, which are referred to In paragraph 2,or change tlie amount of such payments.
<br /> Any exccs�proaeds over an amount required so pay all autstanding indebtedness under the Note and this Security
<br /> Instrument shall be paid to the entity Icgally entitled che.eto. gonoWer shall pay all govenunental
<br /> 7. L�n6a w BormMCr md Prntxtion of laader'�Ri�u ia t6e Propaly.
<br /> or municipal charges,fines and impositions that are not included in paragraph 2. Borcower shall pay these nbligations
<br /> on time directly to the entity which is owed the payment. If falture to pay wouid aciversely affcct I.cnder's interest in
<br /> the Property, upon Lender's request Borrower shall promptly fucnish to Lender receipts ev:dencing these payments.
<br /> If Bonower fails to make these payments or the payments requlred by paragraph 2,or fails to perform eny other
<br /> covenants and agreements contained in this Sec:urity Instrument, or there !s a legal prceeeding that mAy slgnificantly
<br /> Affect Lender's rights in the Property (such as a proceoding in bankruptcy, for condernr►ation or to enforce laws or
<br /> ngulations), than Lender may do and pay whatever is necessary to protect the value of the Property and I.ender's rights
<br /> in the Property, including payment of taxes,hazard insurance arid other items mentioned in paragraph 2.
<br /> Any amounts disbursed by Lender under this paragraph shall becor� an additional debt of Borcower and be
<br /> secured by this 5ecurity Instrument. These amounts shall bear interest from the date of disbursemcnt at the Notc rate,
<br /> and at the option of I.ender shall be inunediately due and puvable.
<br /> Borrower shall prompcly disch�rge any lien which has priority over this Securiry Instrument unless Borrower: (a)
<br /> �gras In writing to the payrnmt of the obligation socur�d 'oy�he licn i,�a ii,uru�er �«.c�pt»ble � Ler��►: !bl �»���
<br /> in good faith the lien by,or defends against enforcement of the lien in,legal proceedings which in the L.ender's opinion
<br /> operate to prevent the enforcement of the licn; or(c) secures from the holder of the li�n an a�ome�e sa�tief�tory
<br /> to Lender subordinating the lten to this Security [nstcument. If Lender detennines 1 cA�iro er a notice identlfying
<br /> subjoGt to a tien which may attain priority over this Security Instrument, I.cnder may g
<br /> the lien. Bonower shall satisfy the lien or take one or more of the actions set forth sbove within 10 days of tha giving
<br /> of notice.
<br /> g, goa. Lender mry collect fas and charges authorizec� by the Secntary.
<br /> 9. Grouads tor Aooder+tbn of DeM.
<br /> (a) DeCaa�lt. Lender may,txcept as limited by ngulatinns issued by the Secretary in the cxse of payment _
<br /> defaults. requirt immediate payment in fuli af all sucns secure�i by this Security Instruinent if:
<br /> (i) Borrower defaults by failing to pay in full any monthly payment required by this Secudty Instrument
<br /> pdor to or on the due date of the next mouthly payment, or
<br /> (ii) Borcower defaults by failing,for a period of thirty days,to perform any other obligations wntained
<br /> in this Securlty Instrument.
<br /> (b) S�le Witbout Crodit Approval. l.ender shall, if permittod by applicable law(including section 341(d) of
<br /> the Gun-St. Gertnain Depository Institutlons Act o€1982,12 U.S.C.1701J-3(d)) and with the prior approval
<br /> of the Secrctary, requiro inunediare payment in full of all sumc securcd by this Securiry Instcument if:
<br /> (i) All or part of thc Property, or a beneficial interast in a trust owning all or part of the Propedy, is sold
<br /> or othen�vise transfernd (other than Uy devise or descent), and
<br /> (ii) 71ie Pcoperty is not occupied by the purchaser or grantee as his or her principal residence, or the
<br /> purchaser or grantee does so occupy the �ropercy, but his or her credit has not betn approved in
<br /> accardance with the requirements of the Secretary.
<br /> (c) No W�va. If circumstances occur that would permic Lender to requirc immediate payment in fnll,but
<br /> Lender does not require such payments, Lender dces not waive its rights with respect to subsequent events.
<br /> �d� �10� of gUp 5oc,cetary. In maz►y circumstances regulations issued by thc Secrecary will limit
<br /> � I,ender's rights,in the case of payment defaults, to require immediate payment in full and foreclose if not paid.
<br /> This Securi►y Instrument dces not uuthorize acceleration or forxlosure if not permitted by regulations of the
<br /> Secretary.
<br /> (e) Mortg�e Not Inanrod. Borrower agrees ihat if this Security Instrument and the Note are not deternuncd
<br /> to be eligible for insurance under the National Housing Act within 60 DAYS from the
<br /> datc hereof, Lender may,at its option rcquire iiruixdiate payment in full of all sums secured by this Security
<br />� instnunent. A written statement of any authorizcd agent of the Secretary dated subsequent to
<br /> 60 DAYS from thc date hereof, declining to insurc this Security Instrument and the Notc, st�all be
<br />— .�_ r..r.....1».. rhie nntinn mav nnt 6c exelC'tsed
<br />_ �CC[t1Cd CODCIUSIVC Ni00T Ot SUCII Ii1ClIg10111[y• P�OIWIIn�iioi�iug u�c �v...6.....a. •...- -r°-- ---•
<br />= by L.ender when the unavailaGility of insurancc is soleiy due to L,cnder's fnilurc to remit a n�ortgagc insurance
<br /> _'� prcmium to thc Secrctary.
<br /> -- - /�196
<br /> NEBRASKA-Ff1A DIiI'.D OH'I'RUST
<br /> Uun,nrm S��Knu,hc (800)W9•1762 Pagc 3 of G
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