201405787 - Laserfiche WebLink

Browse

��14�5757 CASE #: NE32133355037Q3 D�C ID #: ********352��8a14 Bar�ower sha11 comp��vith the pr�visions vf the lease. �f B�rrower acquires fee title to the P��perty, the leasehald and fee t�tle shall not be merged unless Lend�r agr�es to�he mergQr in wri��ng. 6. �ondemnation. The praceeds of an� award or�laim for damages, direct or cvnsequentiai, in cannection with any condemnation or ❑ther taking of any part of the Property, or far con�eyance in p1a�e af cvndemnativn, are h�reby assigned and shali be paid t� Lender to the extent of the full amvunt of the indebtedness that remains unpaid under the Not� and this Security Instrument. Lender shall apply such prfleeeds ta the reducti�n ❑f the indehtedness under th� Note and this S�curity Instrument, first #o any de�inquent arnounts applied in thQ order pra�ided in paragraph 3,and then to prepaymQnt of principal.Any applicat�an af the praceeds to the principal shall not extend vr postpone the due date of the monthly payments, which are referred to in paragraph Z, vr change the amount vf such payment�. Any excess prflceeds a�er an amount required to pay al� outstanding indebtedness under the N�te and this Security Instrum�nt shall be pa.id to the entity legally enti#�ed thereta. 7. Charges to Borrower and Prote�tion of Lend�r's Rights in the Property. Borrower sha�I pay a�i g��ernmental or municipal charges, fines and impasitxons that are not�ncluded in paragraph 2. Borrawer shall pay fhQse abtigativns❑n time direct�y to the entity whi�h is uwed the payment.If failure to pay v�vuid adversely affect Lender's interes�in the Property,upon Lender's request�orrower sha11 promptly furnish tv Lender rece�pts evidencing these payments. If Borrnwer fails to rnake these payments or the payments required b�paragraph�, or fails to p�rform any other covenanfs and agreQments contained in this Security Ins�rument, or there is a legal pra�eeding that may signif cantly affect Lender's rights in the Praperty �su�h as a pr��eeding in l�ankruptcy, for cvndemna�ion or t� �nfarce laws ❑r �egulations}, then L�nder may d❑ and pay whatever is necQssary ta pr�tect the�alue of the Property and Lender's rights in th� Property, �nc�uding payment of taxes, hazard insurance and tither items mentivned in paragraph 2, Any arnaunts dYsbursed by LQnder under this paragraph shall bQcome an additional d�bt of Barrower and be s�cured by�his 5ecurity InstrumQnt.These amounts 5haI1 bear interest fram the date of disl�ursement,at the Note rate,and at the optian of Lender,sha��be immediately due and payahle. Borrov�er sha�i prumpt�y discharge any lien �vh�ch has prior�ty a�er this Security Instrument unless Barrower: �a� agr�es in writing t�the paym�nt vf the vbligation secured by the lien in a manner a��eptable �o Lender; �b� cflntests in good faith the lien by, or defends against enforcem�nt of the lien in, legal proceed�ngs vvhich in the Lender's opini�n ❑peratQ tfl prevent fhe enf�rcement af th� l�en; �r �c} secures fram the hn�der of the Iien an agreement satisfactary t❑ Lender subordinating the lien to this Se�urity Instrument.If Lender det�rmines that any part vf the Property is suhject to a lien which may a�tain priarit� �ver this Security Instrument, LQnder may give Barravver a notice identifying the lien. Borrov�er shall satYsfy�he lien ar take one�r more❑f th�actions set farth abo�e vvithin 1 D days of the giving of n�tice. S. Fees.Lender may c�llect fees and charges authorized by the Secre�ary. 9. Grounds f�r Ae�eleratian flf Debt. (a� Default.Lender may,except as lim�ted by regulatians issued by the Secretary,in the case vf payment defaults,require immediate payment in full of aII sums secured by this 5ecurity Instrument if: �i) Borrov�er defaults by failing t� pay in full any monthly payment r�quired b� this 5ecurity Instrument prior to oc�n the due date of�he next monthl�payment,or (ii} Borrovver defaul�s h� fa�ling, f�r a period ❑f thirty days, to perfarm any oth�r obligatians contained in this Securit�Ins#rument. MERS FHA Deed of Trus#-NE 10�4M-NE 408113� Page 5 af��