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<br /> ___�:��� 98-- �1�01�
<br /> �';�"� cireumstanccs. Borrower shell not commit waste or destroy, damage or aubstantisily changc the Property or allow the
<br />__,.�;,�� pNperty to deteriorate, r�asonable wear end tear excepted, S.ender may inspect the Property if the Property io vacant
<br /> or abandonal or the loan is in defaulc. Lender n�ay take reason�ble action to protect and preserve such vacant or
<br /> W�� abandoned Praperty. Honower shall also be in defaul� if�orrow�r,dnring the loan application process,gave materially
<br /> ��'�"��'.�� f�lst or inACCUrate informatlon or statements to L.ender (ur faited to provide Lendet with any material infocmaNcn)
<br /> ,�,��1�:�� incannxhon with the laan evidenced bythe Note, including,but noc limited to,representAtions conceming Borrower's r
<br /> - -- occupancy of the Property as a ptincipal residence. If tk►is Security[nstcument is on a leasehold, Borrower shall eomply
<br /> with thc provisions of the lease. If Banower acquires fee title to thc Property, the leasehold and fce title shall not
<br /> tx nxrged unless Lender agrees to the merger In writing. '
<br /> _�;,��,j1� 6. Coodemoation, 'Che proceeda of any award ar claim for da�nages, direct or consequentlal, in conr►ection with
<br /> ° any condemnatian or other taking of any part of the Property,or for convey4nce in place of condemnatlon, are hereby
<br /> :�;;�� auigned and shall be paid to I.cnder to the extent of the full arrwunt of the indebtedness that remains unpaid under
<br />-__�_ = Qe Note and this Sxurlty Instrument. Lender shall apply such proceeds to the reductian of the indebtedness under
<br /> --° t6e Note w�d this Secudty Instcument, first to any delinquent arnounts applied in the order provided in paragraph 3,
<br /> - - a�d then to prepayment of principal. Any application of the proceeds to the principal shall not extend or postpone
<br /> "`"-- the duc date of the ►nonthly payments, which are referred to in pazagraph 2,or change thc amount of such payments.
<br /> —=--- Any excess proceeds over an amount required to pay all outstanding indebtedness under the Note and this Sccurity
<br /> ��� lnctrum:nt shall be paid to the entity legally entitled thereto. gonower shall a all overnmental
<br /> -_°°°`— 7. (�rBa w Borrower �od Protoctloa of L�drler'a Righta ia LLx Propaiy. P Y B
<br /> -=°'��, or municipal chazgos, fines And impositions that are not included in paragraph 2. Borrower shall pay these obligatians
<br /> ------- oa time dirxtly to the ent ity w hic h is owed the pa yment, If failure to pay would adversety affect I..ender's interest in
<br />,�::??�8� th� Property, upon i.ender's reyuest Fsonower shaU promptly fumish to I.ender receipts evidencing thae payments.
<br /> ' If Bonowcr fails to make these payments or the payments required by para�raph 2,or fails to pr.rform any other
<br /> — — covenants end agreements contained in this Security Jnstrument, or there is a legal proceeding that may significantly
<br /> --- atfect L,ender's rights in the Property (such as a proceeding in bankn�ptcy, for wndemnation or to enforce lawe or
<br /> ---= cegulations), th�n I..ender niay da and pay whatever is necessary to protxt the value of the Property and I.ender's rights
<br /> � in[t�e Property, including payment of taxes,hazard insurance and other items mentioned in paragraph 2.
<br /> -- pny aznounts disbursed by Lender under this paragraph shdl become an additional debt of Bonower and be
<br /> -°-- sxurod by this Security Instrument. These amounts shall bear interest from the date of disbursement at the Note rate,
<br /> --- uid. �t the option of I.ender shall be imr.�edlately due and payable.
<br /> tl0II0WCT SRNjI(�ivuyrtij� �IS:.rwl�� :i22j�!£A u�hirh rag nrinricy over this Security Instrument unless Borrower: (a)
<br /> �rea in writing to the pnymee►t of the obligatton aecured by ttie liea in a�rwnner a�cepcable to Lender; (b)coataus
<br />„ — la good f�ith the lien by,or defends against enfArcement of the lirn i n,leg�l proceod►ngs whlch in[he Lender's opinlon
<br /> operke to prevene the enforcement of the lien; or(c) secures frum the holder of the Itrn an agrament suisf�cWry
<br /> w Lender eubordinuing the lirn to thie Socudcy lnatrument. If Lender detem�inea that any pu't of thc Property is
<br /> -� wbjat to a lirn which may attain priorIty over this Socurity Inst�ument, Lendtr m�y give Borrower �notice idaitifyin�
<br /> �he lirn. Barrower eh�ll satiefy the lien or take one or more of the actions set forth above within 10 daye nf thc giviaQ
<br /> of notice,
<br /> g, Pedi, Lender may collect fees and charge� authoriud by the Secreuuy.
<br /> 9. Grnuods for A�ooda�tiad of Debt. -
<br /> (�) Defdt. [.ender may�, except as limitod by regulations issued by the Socntuy in the c:ax of payment
<br /> defaults, require imcrKdixte payment in full of ell sucn9 secured by this Security Instrument if:
<br /> (i) Borrower defaults by failing to pay in full any monthly payrnent required by this Security Instrument
<br /> — prior to or oa the duC date of the next monthly payment, or
<br /> (li) Bonnwer defaults by failing,for a pedod of thitty c�ays,to perform any other obligations contained
<br /> in this Security Instrument.
<br /> __ (b) Sile VNithart Crodit Appmval. Lender shall, if pemutted by applicable law(including se�ction 341(d) of
<br /> --- the Garn-St. Gern�ain Depository [nstitutions Act of 1982. 12 U.S.C.1701j-3(d)) and with tht prior�pproval
<br /> - of the Secretary, require immediate payment in full of dl swns secured by this Security Instrument if:
<br /> (i) All or part of the Property, or a beneficial incerest in a trust owning all or part of the Property, is sold
<br /> or otherwise transfened (other than by devise or descent), and
<br /> -���-�_� (ti) The F�roperty is not occupied by th�e u�rc�has rt °but his�or�her creditr hasnnioc�bcendapprovod�in
<br /> _ purchaser or grantee dces so occuPY Pe Y�
<br /> ��..s+�. accordac�ce with[he requiremeats oF the Secretary,
<br />-~��i�� (c) No R►aiva. [f circumstances occur that would pertnit Lender to require inune�iate payment in full,but
<br /> >_`-�`� Lcnder does not require such payments, Lender dces not waivc Its rights with respect to subsequent events.
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<br />_��;'��;��� (d) Regulations of HUD SocMuy In many circuinstunces regulations issued by the Secretary will limit
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<br /> . , ,F�,•• L,cnder s rights,in the case of payment defaults,to require immediate payment in full and foreclose if not pai ,
<br />... -.',:�::. 'It�is Security Instrument does not authorize acr,eleration or foreclosure if not permittecl by regulations of the
<br /> .. Secretary. _
<br /> ; � (e) Mongage Not Losured. Borrower agrees that if this Security Instrument and the Not�are not determined
<br /> to be eligible for insurance under the Natlonal Housing Act within 60 DAYS ftom the
<br /> ' date here.of, i.ender may,at its option require immeciiate payment in full of all sums securcd by this Securiry _
<br /> ; Instrument. A written statement of any authorized �gent of the Secretary dated subsequent to _
<br /> _-��'�'��_,�- �_.... .we a.,.o tia�,w,f a��;nina �o insure chis Securitv Instrument and thc Note, shall be _
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<br /> i; d�med conclusive proof of such{neligibility. Notwithstanding the foregoing,this option may not be exercised �
<br /> by Lendcr whcn the unavailability of insurance is solely due to I.,ender's failure to remit a mortgage insurana �
<br /> � premium to thc Sccretary. `
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<br /> I ►�RASKA-FHA O13tlll OP TRUST =
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