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��14�1353
<br /> fram time to time("RESPA"�, except that the cush�an or reser�e perm�tted by RESPA for unanticipated d�sbursements
<br /> or disbursements hefare the Borrower's paym�nts are a�ailable in the account may not be based on amaunts due f�r
<br /> the martgage insurance premium.
<br /> �f the amounts held by Lender for Escrow Items exceed the amounts perm�tted ta be held by RESPA, Lender shall
<br /> account to Borrawer for the excess funds as required by RESPA. If the amoun�s of funds held by Lender at any time
<br /> are not sufficien��o pay the Escrow Items when due, Lender may not�fy the Borrower and require Barrower to make
<br /> up the shortage as perm�tted by RESPA.
<br /> The Escrow Funds axe pledged as additianal security for all sums secured by �his Security Instrument. If
<br /> Borrower tenders to Lender the ful�payment of all such sums, Borro�ver's account shall be credited with the ba�ance
<br /> remaining for ali installment items�a�, �b), and{c}and any mortgage insurance premium ins�ailment tha�Lender has
<br /> not become ob�igated to pay to the Secretary, and Lender shall promptly refund any excess funds ta Barrower.
<br /> �mmediately prior �o a far�closure sale of the Praperty or its a�quisition by Lender, Borrower's account shall be
<br /> credited with any balance remaining far a11 instalimen�s for items�a}, �b}, and(c}.
<br /> 3. Application af Payments. All payments under paragraphs 1 and 2 shal�be applied by Lender as follaws:
<br /> FIRST, to the mortgag�insurance premium to be paid by Lender to the Secretary or to the monthly charge by
<br /> the Secretary instead of the man�hly mortgage insurance prem�um;
<br /> SEG�ND,ta any taxes,specia�assessments,leasehaid payments or graund ren�s,and f re, flaod and other hazard
<br /> insurance premiums, as required;
<br /> THIRD, ta inter�st due under the Note;
<br /> F�URTH, ta amortization of the principal of the Note; and
<br /> FIFTH, to Iate charges due under the Note.
<br /> 4. Fire, Flood and (3ther Hazard Insurance. Borrower shal� insure al� impro�emen�s on �he Property,
<br /> whether now in exis�ence ar subsequently erected, aga�nst any hazards,casual�ies, and contingenc�es, inciuding fire,
<br /> far which Lender requires insurance. This insuranc� sha�l be maintain�d in the amvunts and for the periods that
<br /> Lender requires. Borrvwer shal� alsa insure all impro�ements on the Property, vWhether nov�r in exlstence or
<br /> suhsequently erected,against loss�y floods to the extent required by the Secretary. Al1 insurance sha11 be carried with
<br /> companies appr�Wed by Lender. The insurance pvlicies and any renewals shall be held by Le�nder and shail �nclude
<br /> loss payable ciauses in fa�ar of, and in a form accep�able to, Lender.
<br /> In the e�ent�f loss, Borrower shall gi�e Lender irnmediate notice by mail. Lender may ma1�e praof of lass if not
<br /> made promptly by Borrower. Each insurance company concerned is hereby authorized and directed to ma,ke payment
<br /> for such lass directly to Lender, instead of ta Borrower and to Lender�aintly. A�l or any part of the insurance
<br /> praceeds may be applied by Lender, at its option, e�ther�a�to the reduction of the indebtedness under the Nate a.nd
<br /> this Secur�ty Instrument, first to any deiinquent amaunts applied in the order in paragraph 3, and then ta prepaym�nt
<br /> af principal, or �b} ta the restarati�n or repair of the damaged Property. Any applica��on vf the praceeds ta the
<br /> principal shall not extend or postpone the due date of the month�y payments which are referred to in paragraph�, or
<br /> change�he am�unt of such payments. Any excess insurance proceeds o�er an amount required to pay ail outstanding
<br /> indebtedness under�he Note and this Security Ins�rument shal�be paid to the ent��y legaliy entitled thereto.
<br /> In the e�ent of foreGlosure�f this Se�uri�y Instrumen�or nther transfer of title to the Property that extinguishes�he
<br /> indebtedness, a11 right, ti�le and interest of Borrower in and to insurance policies in force shall pass to the purchaser.
<br /> 5. �ccupan�y, Preservation, Maintenance and Protection nf�he Property;Borrower's Loan Applica�ion;
<br /> Leaseholds. Borrower sha�l occupy, estahlish, and use the Property as Barr�wer's principa�residence within sixty
<br /> days aft�r the executian of this Security Instrumerit�or within sixty days of a later sale or transfer of the Property�
<br /> and sha�1 continue t� occupy the Property as Borrower's principal residence for at least one year after �he date of
<br /> �ccupancy,unless Lender determines tha�requirement wi11 cause undue hardship for Borrower,or un�ess extenuating
<br /> circumstances exist which are beyond Borrower's contrvl. Borrvwer sha�1 notify Lender of any extenuating
<br /> circumstances. Borrower shall nat commit waste ar destroy, damage or substantiaily change�he Property or allov�
<br /> the Property to de�eriorate, reasona�le wear and tear excepted. Lender may inspect the Pr�perty �f the Prope�-ty is
<br /> �acant or abandoned or the laan is in defau�t. Lender may take r�asonable action to protect and preser�e such vacant
<br /> or abandoned Property. Borrower shall also l�e in default if Borrawer, during the lvan app�ication process, ga�e
<br /> FHA N EBRAS KA DEED�F TRUST - M ERS Dacli►���1c
<br /> N EDOTZ.FHA �710 31'i 2 Pag e 3 of 9 w ww.dvcrr�agic.�om
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