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��14�3�9�
<br /> LC7AN#:3DD114D59�92
<br /> if Lender sti�f held the Se�urity�ns#rument,�ach mc�nthly payment�hall also include either:�i}a sum
<br /> for the annuai mortgage insurance premium to be paid by Lender to�he Secretary, vr�ii}a monthly
<br /> charge instead v�a mvrtgage insuran�e prem�um if th�s Se�urity Instrument is held by the 5ecr��ary,in a
<br /> reas�nable amount to be deterrnined by the 5ecretary.Except for the manthly charge by#he Secretary,
<br /> these items are�afled"Escro►n��tems"and the sums paid to Lender are called"Es�row Fur�ds."
<br /> Lende�-may,at any time,c�!lect and h�Ed amounts�or Escrow Items in an aggregate amount no##v
<br /> exceed the maximum amount that may be required�vr Borrower's escraw accaunt under the Real Esta�e
<br /> Settlem�nt Procedures Act of 19?4, 12 U.S.C. Section 25a� ef seq.and implementing rec�ulations,24
<br /> �FR Part��24,as they may be amended from time to time{"RESPA"},except that the�ushivn or reserve
<br /> pemnitted by RESPA far unan#icipated d�shursements or disbursem�nts befiare the gorrvwe�-'s payments
<br /> are availa�ie in the accoun#may not b�based vn amaunts due for the mortgage insurance premEurn.
<br /> , Ifthe amounts heid by Lenderfor Escrow�tems exceed the amaunts permitted to be heid by RESPA,
<br /> Lender shall account�a Borrower far the excess funds as r�quired by RESPA. If the amoun#s of funds
<br /> held by Lender at any ttme is not suffici�nt to pay#he Escraw Items when due,Lender may notify the
<br /> B�rrvwer and require Borrower to make up the shortage as permitted by RESPA.
<br /> The Escrow Funds are pledged as additinnaf secur[ty for ail sums secured by this Security lnstrument.I�
<br /> Barrvwer tenders to Lender the ful!payment of all su�h sums,Barrawer's a�coun#shall be credi�ed with the
<br /> ba�ance remaining for a�l ins#al�msnt i#ems�a},�b},and�c}and any mortgage insurance premium�nstallment
<br /> that Lender has not becvme vbi�gated to pay�v#he Se�retary,and Lender shall promptly refund any excess
<br /> �unds to Borrower.lmmediately prior to a foreclasure sale of the Property or its acqu isition by Lender,Borrower's
<br /> a�caunt shall be�redi�ed with any balance remaining�or all instal�ments fvr items�a},�b},and��}.
<br /> 3. Ap�liGation ofi Payments.A�1 payments under paragraphs�and�shall be applied by Len�sr
<br /> as follows:
<br /> First,to the mortgage insurance premium to be paid by Lender tv�he Se�r�tary or ta the manthly
<br /> charge by the Sec�etary instead of th�manthly mortgage insurance premium;
<br /> Se�ond,to any taxes,special assessments, leasehold payment�or groun� rents,and fire,flvod
<br /> and other hazard insurance premiums,as require�;
<br /> Third,ta interest due under the Note;
<br /> Fourth,to amortization vf#he principa!of the Note;and
<br /> Fifth,to late charges due under the Note.
<br /> 4. Fire,Flvad and�her Hazard Insurance.Borrower shali insur�ail�mprovements on the Praperty,
<br /> whether naw in existencs or subsequently�rected, against any hazards, casualties, and cvn#ingencies,
<br /> inc�uding�re,for whi�h Lender requEres insuran�.This insurance shall be maintained tn the amounts and
<br /> for the�eriods that Lender requires.Borro�uver shall alsa'rnsure all�mpro�ements on the Property,whether
<br /> nvw in existence ar subsequently ereeted,against lass by flvads tv the ex�ent required by the Secretary.A!I
<br /> insurance shall be carried wEth�ompanies approved by L�nder.The insuran�e pvlicies and any renewals sha!!
<br /> be held by Lender and shal�include[oss�ayable�lauses in fav�r of,and in a form acceptable to,Lender.
<br /> In the e�ent of�oss,�orrvwe�sha11 gi�e Lender immediate notice by mail.Lender may make proof
<br /> vf ioss if not made promptCy by Borrower.Each insurance campany concerned is hereby autharized and
<br /> directed to make payment for such�vss directly to Lender,instead of to Barrawer and to Lender�ointly.All
<br /> or any part o�#he insurance pro�eeds may be applied by Lender,at its op#ion,either 4a}to the reduction
<br /> of th�Endebtedness unde�fhe Nate and th�s�ecu�-i#y lnstrument,frst to any delinquent amvun#s applied
<br /> in the order in paragraph 3,and#h�n tv prepayment of principal,ac�b}to#he restoratian or repair of the
<br /> damaged Property.Any application vf the proceeds tv the principal shall not extend or po�tpvne the
<br /> due date of the monthly payments which are re�erred ta in paragraph 2,vr change the amount vf su�h
<br /> payments.Any exc�ss insurance proceeds o�er an amaunt required to pay aii outstanding indebtedness
<br /> under the Note and this Security#nstrument shall be paid to�he entity legafly entitled thereto.
<br /> !n the event of foreclosure of this Security lnst�um�nt or other transfer o�tifle to the Property that
<br /> extin�uishes the indebtedness,a��right,title and interest of 6arrower in and to insurance pvlicies in far�e
<br /> sha�!Rass to the purchaser.
<br /> 5. �ccupancy, Preser�a�ian, Maintenance and Pratectian of the Property; Borrower's
<br /> Laan Applicativn;Leas�hvlds.Bvrrvwer sha!!vccupy,estab�ish,and use t�e Property as Barrawer's
<br /> principal residence within sixty days after#he execution af this�ecur�ty Instrument�or within six#y�ays
<br /> of a fater sale or#ransfer af the Proper#y}and shall continue to occupy the Property as Borrower's
<br /> p�incipal residence for at�east flne year after the date of o�cupancy, unless Lender determin�s that
<br /> requirement will cause undue hardship fo�Bo�rawer,or unless extenuating circumstan�es e�cist which
<br /> are�eyond Barrovver's contrvl.Borrower shall natify Lend�r of any extenuating�ircumstances.BoRower
<br /> shaii not commit waste or des#roy,damage or substan�Eally change the Property vr allow the Property#o
<br /> deteriarate,reasvnable wear and tear exr,epted.Lender may insp��t the Praperty if the Prvperty is�a�ant
<br /> or abandoned ar the Ivan is in de�ault.Lender may take reasonable actian ta prvtect and preserve such
<br /> vacant or abandon�d Praperty.Borrvwer shail also be in default if Bor�awe�,during the loan applica�ion
<br /> pro�ess, gave materially false vr inaccurate in�ormation or statements to Lender(or failed ta provide
<br /> Lender with any material infvrmation}in connectivn with the laan e�idenced by the IVvte,including,bu#
<br /> not limited ta,representat�ons concerning Bvrrower's occupancy of the Property as a pr�ncipal residence.
<br /> lf this Security fnstrument is on a leasehold,Barrawer shall comply with the pro�isivns of th 1�,ase. If
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<br /> FHA Nebraska Deed of Trust-419fi �C1ltlal�
<br /> EiEie M�e,lnc. Page 3 of 7 NEEF NEEFHADE
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