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<br /> . 98- i12e5s
<br /> circutnstanee�. Borrower shall not commit waste or destroy,dazrwge or substantially c}►ange the Property or sdlow the
<br /> Pruperty to deteeiArAte, reu�acmablc wcar end tear excepted. l.ender may inspcct the Propeny lf thc Prope»y 1�vecant
<br /> or �buiQoned ar the lo�n i�In dc;;ult. Lender inay take rcaaunAble sctlon co pratect and prcserve euch vacAnt or
<br /> �butidoned Property. Horrower �h�ll deo be in def�ult !f Borrawer, dudng tha loan appilcation process,gave rnAterially
<br /> falee ur inACCUrAte lnformAtiun or etatements to Lendcr (or failed to provide Lender with any material inforniatfon)
<br /> in conr►octton wfth the lo�n evidencod by thc Natc,IncludinQ,but not limited to,representations conceming Iiarrower'e
<br /> occupancy of the Property su o princip�l residence. If thla 5aurity Instrument is on a leasehold, Hortower shall comply
<br /> with the provi9ions ef the lease. if�3orrower ucquires fee�iAe to the Froperty, tl�c lcasel�old and fce dcle sl»Il not �
<br /> be merged unles� l.ender agreea to the merger in wridng. '
<br /> 6. Coodann�tloa. 'Rie pruceods of any awerd or claim for dam.�ges, direct or consequentlal, in cannection wlth
<br /> any condemnation or other taking of any part of the Property, or for conveyance in place of condemnatiun, xre hereby
<br /> as3igned and shall be paid to Lendcr to the extent of the full amount of the indebtedness that remains unpaid under
<br /> the Note and this Securlty Instnrment. Lender shall apply such procoods to the reduction of the indebtedness under
<br /> Uie Note and this Securlty �nstrun�ent, first to any delinquent amounts applied in the ordcr providcci in paza�raph 3,
<br /> and thea to prepayment of principal. Any application of the procecds to the principal shall not eatend or postpone
<br /> the due date of the monthly paymente, which are referred to in paragraph 2,or change the axriount of such payments.
<br /> Any excess proceods over an amount xequired to pay all outstanding indebtedness un�'er the Note and tt►is Security
<br /> Instruir�ent shall t,e paid to the entity legally�ntltlod thereto.
<br /> 7. (bar� to Bonoever md Pmtacxiou of t.coder's Rl�hts in tLe Pmpa�ty. Bonower shall pay all governmental
<br /> or municipal charges, fincs and impositiona that uc not included in puagraph 2. Bonower shall pay these obllgations
<br /> on time directly to the entity which is owed the payment. If failure to pay wauld adversely affect Lender's interest tn
<br /> the Property, upon Lender's request 8ottower shall pmmptly furnish to Lender roceipts evidencing these paymenu.
<br /> If Borrower fails to make these payments or the payments required by paragreph 2,or fails to perform any ather
<br /> covenAats and agreanents contained in thia Security Instruroenc, ar there is a legal proceeding thu may significantly
<br /> affxt L.ender's rights in the Property (such as a proceeding in banl;tuptcy, for condemnation or to enforce lowa or
<br /> regulatlona), then Lender may do and pay whatever is necess�►y to protect the value of the Property az►d Lender's rights
<br /> in the Property, including payment of taxes,hazard insurance and other Items mentionod in paragraph 2.
<br /> Any wmounts disbursed by l.ender under thls paragraph shall become an addidonal debt of Borrower end be
<br /> secuted 6y this Security Instniment. These amounts shall beu interest from the date of disbursement at the Note rate,
<br /> and at the option of Lender shall be immediately due and payable.
<br /> Borrower shall promptly discharge any lien which has pdority over this Security Inst�ument unless Borrower: (a)
<br /> agrxs in writing to the payment of the abllgetion secured oy the Iien in A manr►er r�ccep[aoIe [o Lender, (bj wncescs
<br /> in good faith the llen by,or defends against enforcement of�he lien in,legal pror,eedings which in the Lender's opinian
<br /> operate to prevent the enforament of the lien;or (c) secures from the holder of the lien an agreement satisfacto,ry
<br /> to L.ender subordinating the lim to this Security [nstrument. If L,ender determinas that any part of the Pc�operty is
<br /> subjxt to a.lien which may attain priority over this Security Instrument, Lender may give Borrower a notice identifying
<br /> the licn. Borrowcr shall satisfy the lien or take one or more of the actions set forth above within 10 days of ths giving
<br /> of notice.
<br /> 8. I�Oa. L.ender rrwy collect fees and charges authorued by the Secretary.
<br /> 9. Gmoodr fur Aaodention of Debt.
<br /> (a) Det�ult. Lender may, except as Iimited by ragulations lssued by the Socretary in We case of payment
<br /> defaults, require immediate payment in full of all sum9 sccured by this Secudty Instrument if:
<br /> (i) Bomower default� by falling to pay in full�ny monthly payment required by this Security Inst�ument
<br /> prior to or on the due date of the next monthly p�yment, or
<br /> (ii) Bonower defaults by failing, for a period of thirty days,to perform any othet obligations coutained
<br /> in this Security Instrument.
<br /> (b) S�le V1►itLaut Credit ApQmval. Lender shall,if pertnitted by applicable law(including section 341(d) of
<br /> the Gam-5t. Gem�ain Depository Institutions Act of 1982,12 U.S.C.1701j-3(d)) and with the prior approval
<br /> o1f the Secretary, require immediate payment in full of all su►ns secured by diis Security Instrument if:
<br /> (i) All or part of the Property,or a beneficial interest in a trust owning all or part of the Propert�,is sold
<br /> or otherwise transfeaed (other than by devise or descent), and
<br /> (ii) The Property is not occupied by the purchaser or grantee as hls or her principul residence, or the
<br /> purchaser or grantee does sa occupy the Propeny. but his or her crodit has nat been approved in
<br /> accordance with the requirements of the Secretary.
<br /> (c) No'Waiva. If circumstances cecur that would pemut L.ender to reyuire immediate payment in full,but
<br /> Lender dces not require such payments, Lender dces not walve its rights with respect to subsequent events.
<br /> (d) Regul�tiom of HUD Sx�uy. In many cireumstgnec�s regulations issued by the Secretary will limit
<br /> Lender's rights,in the case of payment defaults, to require immediate payment in full and foreclose if not paid.
<br /> This Security Instrument dces not autttorize acceleration or foreclosure if not pernutted by regulations of the
<br /> Secretary. _
<br /> (e) MoztgagC Nof Ina�red. Bonower agrees that if this Security Instrument and the Note are not deternuned
<br />_ to be eligible for insurance under the National Housing Act within 6 Q DAYS from the _
<br /> datc hercof, Lender may,at its option require iinmaliate payment in full of all sums secured by this Security _
<br /> Instrument. A written statement of any authorized agent of the Secretary dated subsequent to
<br />— 60 DAYS from the date hercof,declining ta insure this Security Instrunxnt and the Note, shall be
<br />_ deemed conciusive prooi oi sucn ineiigioiiiry. i�io�wiinsianding cne ioregving,inis opiion may nui oc cacn:ixv
<br />_ by Lender wlien the unavailability of insurance is solely due to I..endcr's fai[urc to rcmit a mortgage insurance =
<br /> premium to the Secretary. -
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<br /> NPBRASKA-FfiA DBSD OF TRUSC bl9b =
<br /> Do;umen 3ys�mv.Irc.(!00)619-1362 Pagc 3 of 6
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