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i ��14�1353 mater�ally false ar inaccurate informatian or statements to Lender �or failed to pra�ide Lender with any materia� informat�on} in conne�tion wi�h the lvan e�idenced by the Note, including, but n�t limited ta, representations concerning Borrower's occupancy vf the Praperty as a prin�ipal residence. �f this Security Instrumen� is on a leasehold, Borrower sha1�comply with th�pro�isions�f t�e lease. If Borrawer acquires fee tit�e tv the Property, the � leasehold and fee title sha�l not be merged unless Lender agrees�o the merger in writing. 5. Condemnation. The proceeds of any award vr claim for damages, direct or consequential, in cnnnection with any eondemnation or other taking of any part of the Property, or for cvn�eyance in place of condemnation, are herehy assigned and shall be paid to Lender to the extent of�he full amoun�of the indebtedness that remains unpaid under�he Note and this Se�ur�ty Instrument. Lender shal� apply such proceeds�o�he reduction of the�ndebtedness under the Note and this Security Instrument, first to any delinquent arnounts applied in the order pro�ided in � paragraph 3, and then to prepayment of principal. Any appl�catian of�he proceeds to the principal sha11 n�t ex�end or postpone the due date of�he m�nthly payments,which are referred ta in paragraph 2, or change the amount of su�h payments. Any excess praceeds o�er an amount required to pay a�l ou�s�anding indebtedness under the Note and this Security �nstrument shall be paid to the entity legally en�itled thereto. 7. Charges to Bvrrower and Protect�an nf Lender`s Rights in the Pr�perty. Borrflwer sha�l pay all gfl�ernrnenta.l or municipal charges, f nes and imposi�ians that are nat included�n paragraph 2. Borr�wer shail pay these obligatians on t�me directiy�v the entity which is owed the payment. If failure to pay would ad�erse�y affect Lender's interest in the Property, upon Lender's request Bvrrower shall promptly furnish to Lender receipts e�idencing these payments. �f Barrower fails to mal�e these payments or the payments required by paragraph 2, or fails to perform any other co�enants and agreements can�ained in this Security�nstrument, �r there is a legal proceeding�hat may signif cantly affec�L�nder's rights in the Property �such as a praceeding in bankruptcy, for condemna�ion or ta enforce�avvs or regulations}, then Lender may do and pay whate�er is n�cessary to protect the �a1ue of the Pr�perty and Lender's rights in�he Property, in�luding payment of taxes, hazard insurance and other items mentioned in paragraph 2. Any amaunts disbursed by Lender under this paragraph shall become an additional debt of BQrrawer and be secured by this 5ecur�ty Instrument. These amounts shall bear interest from the da�e of disbursement at the Note rate, and at the aptian of Lender shall be immediately due and payable. Borrower shali prompt�y discharge any �ien vvhich has priority o�er this Se�urity�nstrument unless Borrower: �a}agrees in wr�t�ng to the payment of�he obliga�ion secured by the lien in a manner acceptab�e to Lender;�b}cont�sts in good fai�h the l ien by, or defends against enforcement fl f the 1 i en in, legai proceedings which �n the Lender's op�nivn operate ta pre�ent the enforcement of the lien; vr �c} secures from the holder of the lien an agreemen� satisfactory ta Lender subordinating the lien ta this Security Ins�rument. If Lender determines that any part of the Property is subject�o a�ien which may attain priority over this Security Ins�rument, Lender may give B�rrovWer a notice ident�fying the lien. Borrow�r shall satisfy the lien or take one or mflre of�he actions set forth abo�e within 1� days of th�gi�ing of notice. 8. Fees. Lender may callect fees and charges autharized by the Secretary. 9. Grounds for Acce�eration of Debt. (a) Default. Lender may, except as limited�y regulations issued by�he Se�retary in the case of payment defaults, require immediate payment�n full of a11 sums secured by this Security Instrumen� if: �i} Borrower defaults by fa�ling to pay in full an� monthly paymen� requ�red by this Security Instrumen�priar t� or on the du�da�e af the next month�y payment, or �ii} Borrower defaults by failing, for a peri�d vf thirty days, to perfarm any other vbligations con�ained in this Security Instrument. (b} Saie Withaut�redit Appro�aL Lender shall, if permitted by applicable law�including section 341(d� of the �arn-St. Germain Depositary �nstitutians Act of 198�, 12 U.S.�. 1741 j-3�d�} and with �he pr�or appra�al of th�Secretar�y, requ�re�mmediate payment in fu�l of all sums secured by this Security Instrument if: �i} Ali nr part of the Property, ar a beneficial in�erest�n a trust awning a�1 or part of the Property, is sold ar o�herwise transferred(other than by de�ise�r descent}, and FHA NEBRASKA DEED�F TRUST - MERS Docll►�a�lc N ED�TZ.FHA 0 71a 3112 Page 4 of 9 w ww.do�magic.eorn