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<br /> • " _'.�__..._>>_�... ,. _..J. S � _
<br /> , �o��'a� LOAR1 PL�. 1 5 3 9 2 1 4 3 I 2 • � � � ` -
<br /> � daYS of tha montPily payments,wh�ah are reterred toln�Peragraph 2,ar char+ge the amourit of such paymQnts. Any 4 _
<br /> f sxcess pro�e e ds aver a n a m o u rt t r e q u i r e r l t o p a y a ll o u Y S t a n d i n g i n d e b t e d n a�s u rt d er the Note artd thls Sa�uri t y �� �.c , �`
<br /> y ' tn�trum�ftt shalt be P�to the entity tegaliy erttfftted thsrato. � ' '`�'`' • ..�. --
<br /> rtt •,:<..�• . r
<br />� • 8.F e a 7. L e r►der ma y ccllect tees and c,�arges au'thorized by 4P�e Secreta�y. ,� .,�-
<br /> ' �.Qrou�de 4ar Qs�te�a4ton of Defol. " . ' � _
<br />___- (a)DeftulL l.ertdsr may,�At as limi�ed by regulat�ons issued by the�ecretary in the c�a of�sa}�ent de€a�fts. - --- -. . ; ,
<br /> requlre immedt3te payma►�4 in fuli of ali sums sscured by th!s Securfty Instru�►errt ifi .
<br /> . (i)Borrovrer de9autts by fail►ng to paY tn tiill aley mo�Y payme�t*equired by t h is Secsi r i t y In s t r ume rt t p d o r . • � .
<br /> to or o�the du3 date of the ne�morrthlY PaY����� � ` . ` : . .
<br />: _ (m Borrov�er defau(ts by iaAEng,for a perlod of thirty daya to pprfarm any oiher obllgattans comatnad In t�ls � � :., : �
<br /> $ecuri4y Instrurnettt.
<br /> (��g$SB���yt�€t pg�nst�sl. ;.endsr stea!!.tf permltted by applk�b�e law and wtth ths prior approva1 of the �. �
<br /> � � $�cretary.reguire Imm2dtaie paymant!n fuU of afl tha sums secured by this Securlty Instrumerrt�: �;5-- � - ; �
<br /> =�ij Afl ot patt of tha Propsrty,or a toenaflcial interest In atrust owning ati or part of the Proparty,is sald or �a .
<br /> othBrwiBe transferred fothar th�n by devfse or descer►t)by tha Borrower,and . . .
<br /> . �ij Tha P►op�rty ts not oxup',sd by the purcl�ser or grantes as hIs or her pdncipal residenca.or the _• _.. . �
<br /> purch�ser or grantea doss ao occupy the Property but his or her cxedft has not besn approved In °� : , � .
<br /> accordanLe wlt�the requtremertts of tho Secretary. ��:•
<br /> � ,' (c)No Waiv�.lf dreumstar�ces otxur th�t v�culd permft Lenderto require tmmedtate payment in fuli,but Lender : «�._-° _
<br /> . does no2 requlre such paymsrts,LenQer daes not vuafve ils rights with resPect to subsequent everns. '- �,. .: . ,�f
<br /> (d)Regu!aUotts ot HUD Secretary- �n ma�11�rcumstances regutaE�ons issued by the Secretary w�1f iimit Lende�s = w„."�;�:
<br /> � �� dghts,In the case of payment dataults.to requlre immedtate payment(n fu11 and foreatose if not patd.Thls Secudty �. �. ,.--�°°;-
<br /> ° ` I n s tr umes�t daes noi mutharize acceieratian or foreciosure ff not pem�itted bY reA�daUons af the Secreta�y. �� �
<br /> ��, ,
<br />� (e)PDostgage Not In�sered. Borrauver sgrees dtat shouid this Securiry Inswme r d a n d t he n a i�sectu e d t h e r e b y n o i .. �` :�:�,�;,;,:;�.
<br />�,�.�_,•r be 8ltgibfe for insurartc�a underthe Natiorcdl Hcusing Act withln s o D A Y S from the date hereot, • :,.�.�:.
<br /> rc ,. �
<br />':�'"-x. ._ � . , .` .
<br /> ..yc . Lende�may.ai its optIon and notwithstanding anything tn Paragraph 9,requlre immediate paymern tn tuil o : . ..
<br /> ..:,r�," sums secured by this Securtty Instrument-A mitten siatemertt of arry a�tthorized agar�of the Secfetary dated :r,�,;. �=
<br /> � �=.---
<br /> .4-:- subsequent to s o o a r s from the date hereaf,declining to(nsure this Securityv Instrun►eM and the -;.---__-�. �.�-`
<br /> __��.,_�-..�,---
<br /> n a te secur e d t h e r e b y,s h a 1 1 b e d e e m a d c o n d u s i v e p r o o f o f s u c h I n e t t g i b U i ry.Notuer6ths�tandin g the to r e go[n g,this � °``
<br /> s - R'M�•.
<br /> optta�may not be exercised by Lendar when the unavaflabOdy ofi insutance i�sdely due to I�endeYs iaDure to rem[t �%;;:.:..'�'�'�--�
<br /> . ; ��. a mongage insurance premlum to the Secrotary. ,��, .�� �-�`--�.
<br />:=�;:�;.�` ent tn fuH because ',,:�•r c' -
<br /> --s::.� i0.RE�nstateeeaent. Borr�nre�has a dght to ioe r+sinstated if Lender h�s required tmmedtate payrrt .- �•
<br />�`''•'`' � �#Borrctra's 9aiture to pay an amount due undc.��a Note arthts Securit�l lnswmert This dght appltes e�en after "" �"'_:...•�'..
<br /> ��'�`�� ��� foreciosure procaedings are instituted.To reirt��a Securiry Instrumem,Borrawer shaii tender in a lump sum sU � �w- ...�:��.�
<br /> � amourts requfred to bring Bom�wer's accaurt r.r�+artt lnctuding.to the extent thsy are obligattons of Borrawer under � �, i� .
<br /> �.� �. this Se��}I Instrumen4,foreclosure ccse�and c*��rsonabte and custamary attomeys'iees and expense�s property � .._�,�
<br /> ` '� associ�rxi4h the forectosure praceedtng.Upan relnstatemer►4 by Borrower.this Security Instzument and the �:""��'i. ::
<br />�•:,�; ,�• ,
<br />=?�z;" obit��r�at tt secures sha11 remain in effeci as ff Lender had not required immediate paymeiR In full.However. "','�-�'`' ;��i
<br /> �`''� Lender is srat required to permft relnstatemertt if:(�Lender has accepted retnstatement aRerthe commencatneM af :�;�.. �£;._�"-
<br />. • �nred�uzo proceedirr�s within two years immc-d;Q ety preceding the comm�ncement ot a cuRem foredosure .,. .w��..
<br /> ,,, :
<br /> nraceedfng,Qn reinS�Yement w�l preclude fore��,r�:4te on dffteteM geattnda in the future,or(iin reinstatemerit will r±� . .ji :.�
<br /> - -- adveF,rd;�afiectti�e prlority ofths I len creat e d��irs Secu r ft y Irt s i r u r r+a.�'�. � � "�`°•.,'`-�r �
<br /> ,,c;:.:� `,�;� ;
<br /> �:,.,•. : 1 i.¢arrower Not Rsieaaad;Fos�2�vanco�3.�nd�Not a Watver. �ension ot the dme af payrrceM or , : ,
<br />�r,f�z�. ':. mod�taatian o'f amorttraiton of the sums secured S�y thts Security InsWmeM granted by Lender to any suxe&.�r'�+ 4
<br /> '� tnterest of Borrower shall not operaie to release ti7a;tab➢ity of the original Borrawer or 8orrower's successar(rti�Me�st. .;:.,� _
<br /> !�` � Lender sf�afl rtot be rec�utred to commence pra��]n s against arry successor in ilrterest or refuse t�cz�3nd�r?t�r
<br /> .,� .
<br /> � ��� p�,rm�nt or otherwtse r.saodfify amoNzatlon of tf�a��.�s seciued by thts Security Instrumettit by reasar�d2ny der�e�rrM �. ,j:�F-_i._,
<br />_;:�;.'"': made�Ehe odginal��rrower or Borrower's si:�assors in tMerest Arry torbearance by Lender in e�:ising a,r:;r� :. , :
<br /> •� or rerr.cd�Sz�ll not be a walver cf�a:,��eclude the exercise of any dght or remedy. E. ��.--�:� .,
<br /> ::';,"� ��� 12 si�sCr#attd A�tl����:md;doirtt and Sovet�l Lt�bi{Yty;Co-Sl�rten. The covensttts and agr�eem�trts of •s Y,...
<br /> ' thls Securi'ty(nstru�r�'Yt sha11 bind end bec►eftt t*��sutxessors a�d asstgna of Lender and Borrbwer,sublect to the ------`-��'`� ' .,._ �
<br /> �.� `� �� provlslons of Para�h 9.b.eorrower's cov�F�s and egreemerts sha11 be olM and severa1.My Ba�rower who _ `°",
<br /> l �� ��.:•.,_.
<br />- ca.stgns thia SscurPty!+:�swmer�!but doss not Qeecute the Note:(a)is co-sRgning thts Securtty lnswment oNy to - ,�..a
<br /> ��..•� � ��Se.9���rnrey Urai BorrawePa IMerest in the Proporty under ths terms af this Se�u►iry Instrumer�(bI Is -_
<br /> `.:.. . not personaliy obitgated to pay the sums secured by this Security InstrumeM:and(c)agrees tt�at IBnder and arry olher ��_:_;.;:
<br /> eorrower may agree to e�end,modity,torbear or make arry accommodations with regard to tt►e terms of thls Security =`=-
<br /> Instrument or the(Vote wdthout that Bomawer's consem. ���`
<br /> . 13.Notices. A�;p c�ottce Yo Borrower pro�'(�ad for In this Securiry Instrurrcerrt shall be glvan by delNer(ng it or by -�-� �.
<br />_ : . mapfng it by flrst cI�mnall unless ap�licahie I�r��equires use a�anather mathod.The nottce sha11 be directod to the . ;�.:,._,;:�:.,,ai:a:
<br /> � :�,� Prope�ty A�dress ar��g other ad�ress Borrower designatea by notice to Lender.My nattce to Lensor sD�ail be g'ven , ar� •�
<br />���s� _. r�y�rst d��maB to�rtde�'s add'r�s stated herein or any address Lender destgnat�l�notice to Bwrawer.An�;�c�auce � �' ���t;�:::�,'-:.
<br /> . pr�vided tor in this�covr(ry�nsu�t shatl b�deemed to have been gNen to Borra�,�.�r�ar Lender when gtven as -=��
<br /> . provided tn this paru��..ph. �
<br /> � 14.Govemin�9�t�r;Ssv�T�Cy. fi�s�rity Instrument shall ba g��.�med fay�ederal taiv airr�the taw ot the �
<br /> �u on tn whtct�the Prop �f��atetl.t�1l�re evertt that any pravisk���.4�t:^�a Secutil5i I'.r.sUUmerR or the � .�-:• �
<br /> e �-.�,��:
<br /> � Note�icts wtih ap�it c a b l o ts�vF sta:n canRiot s h a l l not a ft e�v t h er p r a v t�=.�eA:a e��.�:i��r i t�t rt�m o n t o r t h e N a t e ,r-:-..
<br /> which can bo given effect wltha�c tl�ae�anfltctirsg pravlston.Td t�end the pra���ic�r.��r±�irs&ecu�instrume�i end tt�e -..;�;;, .'..
<br /> N a te are de d a r e d t o b e s e v e r a b:�. y'�:��``�'" .
<br /> •tl�f�ti .
<br /> 1;�� 15.8o�rowe�'s Copy. Borrower sha11 E�a�n one�onform�d cn�r�d�is S�cu�ity Instretrtianr_ ..:���':'�;'u.��:....
<br /> . 1 8.A�s t q n m e»!a!R e rt t a B o a a w e r u n►.��t l o n a l i y a s a f g n s a n d S�a�e r a t o L e n d e r a i l t h e c�r�and�evenuas of - , : �"""`'`
<br /> � . the Pro�erty.8orrower authoriza�I�nder or Lender's egarrts to collect tt�a�ortts arn!revenues a�.�I�reby directs each �`� '�'���"`�'`. .
<br /> ' tenant uf�a Properry to pay t�rnr�s to Lsnder or Lender's agEnta Harrravet,ptior to Lsnder's ncr.;ce to Borrow�r of �`�`-�'"�-���
<br /> th ,r,�d:�:..�x- '.
<br /> Borrovree's breach of arry covenant or agroemern in the Sec u r i 3 y I n s t r ume r�,Boma�ver s h a l l c o l t e c t a r x l r e c e t v�a 9 k r a n i s ;�y �
<br /> �� and reventtes of the Property as trustee for the beneflt of Lender and Borro�ver.This�tgnme�of renYS constthlcos an . ,::;;,:;ti;�;�...,
<br /> absotuto asstgnmerR and not an assignmeM for additional securfry onty. ��-�'��"�'=°���'�-,
<br /> _ ,, .. ,, . •
<br />_ � If Lendsr ghras na4lce of breach to Borrower.(a)all retrts receNed by 8orrower shall L�e held by Borrorrer as t�ustea ..��;s..,,..,,.r,�:. •
<br /> � for benef'd of Lender onty,to be ap�lied to the sums sec�red by the Se�urity InsWmen�;(b)Lender sha11 be errt�ted to � �•• �
<br /> ' coliect and recehre ati of the rents of the Property;and(c)each tenarrt ot the Proparty st►atl pay a1�rer�ts due and unpald - . ' . -
<br /> � � to Lender or Lenders agent an Lender's wrftton dmnand to the tenant. -. . ��� ' �. �=� -
<br />� . Borrower has not executed al►y Reior assignm�nt af uhe renis and has nat and w�l not pedorm any ac3 thad woutd .� •:.�: .��
<br /> � preverR Lender irom exercising its rlgMs und�r 4�hSs Paragraph 16. ' �"�'� �
<br /> . Lender shall not b�requlred to eMer upon,take cor�trol of or matrrtaln the Property betore or after gNing notioe of �,��n,,;
<br /> breach to Bonowec Hawevar,Lender or a Judtclaf(y appolmed rea.�3ver may do so at an}►time thero is a breach.My � . _
<br /> ' ��lic�tion ef rPrds sha11 naa cure or watve any defauit ar imialtdate ae�y other dghi or remedy of Lender.This � ,
<br /> . assigs�ment o1 r�rrts of 4ha PropeRy sha11 termtnate vrhan the debt secure�i by the Security insuumer�is paid in futi. - .- .- .- ---
<br /> FHA NEBRASKA 0£EO OF TRU9T g�g�
<br /> • ' ISC/FMD?NE//0691/(5�95}L PAGE30F4� ' ' � __
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