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<br />(c) No Waiver. If circumstances occur that would permit Lender to require immediate payment in full, but Lender does not
<br />require such payments, Lender does not waive its rights with respect to subsequent events.
<br />(d) Regulations of HUD Secretary. Ir- many circumstances regulations issued by the Secretary will limit lender's rights, in the
<br />case of payment defaults, to require immediate payment in full and foreclose if not paid. This Security Instrument does not authorize
<br />acceleration or foreclosure if not permitted by regulations of the Secretary.
<br />(e) Mortgage Not Insured. Borrower agrees that if this Security Instrument and the Note are not determined to be eligible for
<br />insurance under the National Housing Act within 60 days from the date hereof, lender may, at its option, require immediate payment
<br />in full of all sums secured by this Security Instrument. A written statement of any authorized agent of the Secretary dated subsequent
<br />to 60 days from the date hereof, declining to insure this Security Instrument and the Note, shall be deemed conclusive proof of such
<br />ineligibility. Notwithstanding the foregoing, this option may not be exercised by Lender when the unavailability of insurance is solely
<br />due to lender's failure to remit a mortgage insurance premium to the Secretary.
<br />10. Reinstatement. Borrower has a right to be reinstated if Lender has required immediate payment in full because of Borrower's
<br />failure to pay an amount due under the Note or this Security Instrument. This right applies even after foreclosure proceedings are
<br />instituted. To reinstate the Security Instrument, Borrower shall tender in a lump sum all amounts required to bring Borrower's account
<br />cunrent including, to the extent they are obligations of Borrower under this Security Instrument, foreclosure costs and reasonable and
<br />customary attorneys' fees and expenses properly associated with the foreclosure proceeding, Upan reinstatement by Borrower, this
<br />Security Instrument and the obligations that it secures shall remain in effect as if Lender had not required immediate payment in full.
<br />However, lender is not required to permit reinstatement if: (i) Lender has accepted reinstatement after the commencement of foreclosure
<br />proceedings within two years immediately preceding the commencement of a current foreclosure proceeding, (ii) reinstatement will
<br />preclude foreclosure an different grounds in the future, or (iii) reinstatement will adversely affect the priority of the lien created by this
<br />Security Instrument.
<br />ll. Harrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time of payment or modification of
<br />amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shall not operate
<br />to release the liability of the original Borrower or Borrower's successor in interest. Lender shall not be required to commence proceedings
<br />against any successor in interest or refuse to extend time far payment or otherwise modify amortization of the sums secured by this
<br />Security Instrument by reason of any demand made by the original Borrower or Borrower's successors in interest. Any forbearance by
<br />Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy.
<br />12. Successors and Assigns Bound; Joint and Several Liability; Co-Signers. The covenants and agreements of this Security
<br />Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of paragraph 9(b).
<br />Borrower's covenants and agreements shall be joint and several. Any Borrower who cn-signs this Security Instrument but does not
<br />execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey that Borrower's interest in the Property
<br />under the terms of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; and
<br />(c) agrees that Lender and any other Harrower may agree to extend, modify, forbear or make any accommodations with regard to the
<br />terms of this Security Instrument or the Note without that Borrower's consent.
<br />13. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing it by first
<br />class mail unless applicable law requires use of another method. The notice shall be directed to the Property Address or any other address
<br />Borrower designates by notice to lender. Any notice to lender shall be given by first class mail to Lender's address stated herein or any
<br />address lender designates by notice to Borrower. Any notice provided for in this Security Instrument shall be deemed to have been given
<br />to Borrower or Lender when given as provided in this paragraph.
<br />14. Governing Law; Severability. This Security Instrument shall be governed by Federal law and the law of the jurisdiction in
<br />which the Property is located. In the event that any provision ar clause of this Security Instrument ar the Note conflicts with applicable
<br />law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the conflicting
<br />provision. To this end the provisions of this Security Instrument and the Note are declared to be severable.
<br />15. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br />16. Hazardous Substances. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous
<br />Substances on or in the Property. Borrower shall not do, nor allow anyone else to do, anything affecting the Property that is in violation of
<br />any 1nvironmental law. The preceding two sentences shall not apply to the presence, use, or storage on the Property of small quantities
<br />of Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to maintenance of the Property.
<br />Borrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or other action by any governmental
<br />or regulatory agency or private party involving the Property and any Hazardous Substance or Environmental Law of which Borrower has
<br />actual knowledge. If Borrower learns, or is notified by any governmental or regulatory authority, that any removal or other remediation of
<br />any Hazardous Substances affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions in accordance
<br />with Environmental Law.
<br />As used in this paragraph 16, "Hazardous Substances" are those substances defined as toxic or hazardous substances by
<br />Environmental law and the following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and
<br />herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials. As used in this paragraph 16,
<br />FHA Nebraska Deed of Trust with MFRS -4/96
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