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<br /> ; _�j... 1���V�1 L�AN NO. 1 5 3 9 2 1 4 3 6 1 u""�"_�+��= .
<br /> ,7 �,X:--
<br /> � {� '
<br /> � date of the rnanthlY paYts�hts,wh�h ara referred t�in Po���yraph 2,or chan9a thE�ami►unt of such;�aymanta. Any s°.::o=-.
<br /> � excess p;�ceeds ovec an amount roqui�ed to pay$Il o�fstan�iinq tndebtedness unde�:tha N�ie an�thla Security �
<br /> Ins!rumeni shal!be pa{d to the entkY 1ep31{y entitltwi 1he�ra,u. �---�:_:
<br /> � e.F�es. Lender may cdlect tees ancl chatqt+s authcxixed by th��tt�tetary. �
<br />, I q.Grounds tor AccN�ratlon o1 Dabt. � ii�„atlnna�ssu�i b��:lie Sc��r�tan!In the casa of paymem detaults, `'
<br /> � (�?Dm��n. Lendar may.except as Ilmit�b) rep
<br /> requlre Immedlate paymant�►tull c�f all suma spcurai b}�tht�S�cur�tlr!nrn���na:�t H:
<br /> ' (1)Borrc�:�r detaufts byfaWirx��o uay!�►iul!any rnanihly�a��meni�4quL•ed by thls Security Insirument prlor _
<br /> � to w on tha due data of tha nexi manthty paymant�or �
<br /> � iq Burrowe�detaults by faAing,for a periool oE thlrty days.to�e�farm any other obllqatlons co�talned�n this
<br /> i �ecurity Insirument. p � kablu la�v And wlth the prior ePProval oE the �,��Eg.-=.
<br /> (b)Sal�Without C�edit f�1p fxoY+�l. Lender sha11,N ormittool b)aAF� r,:_----
<br /> $ecretary,requt�a tmmadiato paymant in fuA of al!tha suma spcurad by thts SQCUrity insirumont H: t�.-�;�,;
<br /> , '. (t)AI!or part d the Pro�rty,or a ben�fki,al intere�ir�a tru:�t owning nll or part o!the P�oper'iY,Is sdd or ,'-s,;:�`-
<br /> otha�wlsa t►anster�ed(othar than by de��i..a or des�antl b��tha Bonower,and --
<br /> I (li)The Prope��nM�cu�la�.l bp the pu�r.ha�ar or grentee as his or her pr�nc7pal raside+�ce,a the �'":���•
<br /> i putchase�or�rflntao does sa arcup)�thfl Fmpenp bui h!s or he�credd has�o�bee��Pproved in
<br /> • accordance w�i�tha requirements of ii�o Sear�tnn�. �nt In full,but Lender
<br /> (c)No W�Iwr.lf circum�m�nts,�ende doa�nai waN�as iphts w�th respect to sutbse4uent events.
<br /> does not requtre such pay "
<br /> (d)Ra�ulations of HUD Secretery• �n man��cfratlmstat�aes royui�in fu 1 andioreclose if not paid�Thls Security
<br /> �ights,In the case of pa��ment dAfau�t�,to requttt�knmediato pay � �tlons of the Sec�etary•
<br /> Instrument does niu nutnt�ri�.�w��s*etk+n�fazoctosure ii not pe�'�ted by �S
<br /> (e)MoRSage Not Inwred. Borrower agrees that should thls Secair'�y Insuu�tter�a�d the note secu�eei ii�e�aby:�:�.
<br /> be eiigibte fpr Insurance urxier the N�tio�al Housing Act withtn F� 9�Y ulre immediate paytnen�nafull of aU f•
<br /> Lender may.at its optlon and notwRhstanding anything i�Paragrap� eq .
<br /> sums secured by thfs Security�nst►umsrtt.A wntten stateme�t of.�ny authonzed agent of the Sec�etaN dated
<br /> subsequent to s o u A r s from�thre daoof�of s�uc�hdieiigibgllity.Notwithstanding therforegc�rxl this� ,.;;:`;
<br /> � note secured thereby,shall be deemed conc� P - - •
<br /> . optloo may not be exercised by Lender whe�the unavailabpiry af lnsurance[s sdely due to Lendet's f,�ure to remd ,'.,°::-
<br />:. a mon9a98 insu�a"ce PTemtum to the Secretary. "�':.;``
<br /> 10.Reinstatem��t Bono�+er has a Hght to be relnstated ff l.e�er has required tmmedkzte�aymer�t�n futl becausa ." '_
<br /> . of Borrower's failure to pay an amou�t d u e u n d e r t h e N o t e o r t h i s S e c�:M Y����^t.This�i�ht applies c�+en after �`,.�;
<br /> ' foredosure Prired to brging Borrowe�'�s ccoun�t tcutRe�t tnclud g!to�tha e ent�are obl,lgatbns of B uoRO e�under ',.Y
<br /> amou�s eG atto�e)`s'fees and expenses P�o�e�y � � �
<br /> this Securiry Instn�ment,foredosure costs and�eas,'x�abte and cu�► __
<br /> �s�_:
<br /> associated with the foredosure proceeding.Upon retnstatement by 6�a�rowet.n'.i�Security�� �!.However� =____-
<br /> obOgations that(t secures sl�all remaln tn effect as�Lender had not requl�ed immediate paY� �_,
<br /> •� . ; Lender is not�equtred to pertnit reinstatement if:m Lende��f e t�he�comme err►�r►t d a curPent ferecl��� =.-°.
<br />: � ": fc��eclosure proceedings within two years immediatetY i� � �
<br /> proceedin9.(in reinstatement willpredude toredosure on dHfe�t�gr�ln the tuture,or(Iin relnsta ��___.
<br /> ' � .-� �vww.;�,�t,f,p n�kx�y of the Il�n created by this SecuritY ..�t„�
<br />�, �::� ,� 11.BoROw�r Not Raiea�ed�Fo�beatrance by l.�r�dK Not�w�tve� cxien��w 2��i;�.:��.°.;••- - - -
<br /> � '- modfficatlon d amoRizatbn of the sums secured by this Security InstrumeM 9�aMed by Le^der to any succassar�n �--
<br /> ' ' � (nterest of BoROwer shall not operate to release the Ilabfl�ty of the original Bortawer or Borrower's successor In lMe�sl. �
<br />� � Lender shall not be requlred to commence proceedings against any successor in IMe�est ar refuse to exter�d time for
<br /> PaYme�t or otherwtse modifyl amottizailor�of the sums secured by thls Secu�ity Instn�ment by reason d any demand ��
<br /> _�� made by the o�lyinal BoROwe�or Borrower's successas in interest.My forbearance bY Lender En exercisin9 anY�� --
<br />�: � or remedY sha�ll not be a wahrer of or predude the exerclse o�any�ight or remedY.
<br /> 12.Succss�ors�nd Assi�ns Bound:Joit�t Rnd Ssva�l WWlity,Co-St�nws. The covenar�s and�a�r�eements of
<br /> � a this Securit�►Instrument sha�bind and benefit the s�ucces^.o�s and asst�ns d l.e�der and Borr�er.� er who
<br /> provlsioi►s of Paraflraph 9.b.Borrower's covenaMS ats�i agreemer►ts s1�at1 be Jotnt and seve+al• Ins n�ment oniy to
<br /> ` �,., � co-signs this Sec�uifY Insirument but does not execcde the Note:(a)Is co-si9�9 this Securit�l InsiNment:
<br /> � moR9age�9rar�and comey that Borrowers interest in the PropeRy under the tertns d thEs Securihl ro��
<br />_�' � lnstrument�and(c)a9�s that Ler�e�and any other
<br />-y � not personaiJy obiigated to pay the sums secured by this Securit�► ����to the tertns d t1�fs Security
<br />`� � � Borrower may agree to extend.modifY.forbear or make any accammodailons _
<br />:�,. ; instrumeM or the Note wiihout that Borrawer's consent•
<br /> t3.Notice�. My not�Ce to BoROwe�provided for in this Security Instrument sha11 be glven by delNering tt or by -
<br />_� "� ma{Iing k by flrst class maR unless aPPi�cabla{aw requires use of another method.The not3ce shaU be directed to the —_
<br /> 7 ._� Property Add�ess ot any other address Borrower desi9nates by notice to L.ende►.Any notice to Lender shail be�iven `�
<br />`s k by ftrst dass mail to Lencier's address stated hereln or any address Lsnder desl9nates by notice to BoROwer.My no�lce =�
<br />' , p rovided tor ir.this Securiiy Instrument shaU be deemed to have been�iven to Bonower or Lender wt�c�n 9ive�as
<br />:'� + provided in this paraQragtT. �
<br /> � � 14.Gowminy Lsw;Sa�+eabtiity. This Securiry InstrumeM shatl be govemed by Federal law and the{aw of the �-
<br /> - Iuvisdiction tn whlch the Propertl►ts located.In the evern that any provlslon or clause d this SecuritY Insuument or the �_. -
<br /> of thls Secu�itY�n�nu�eM°f the Note Es��
<br /> iVote conflids with applicable law�such canflict shall��ftTo tt�s end�sovislons of this SecuritY Instrurriem and the "�_
<br /> '` : which can be given effect without the o�nflk4in9 P
<br /> �.:, Note are dedared to be severabte. o f i h l s S e c u r i t Y Inswment. `�
<br /> - . S S.�d:a�a a Cc�. Borrower s h a i!b e g l v a n o n e c o r►f o r m e d��ynsf�ts to Lender aJl the ren4s at�revanuw of �°`-
<br /> 16.Assi9nment of�tents. Borrower uncondt�anaily ass19 '.
<br /> � �.�` the Propeny-Borrower authorizes Lender or Len�er's agems to cdlect the rece�s and revenues and herebY dt�ects each ��`
<br /> nts to lende�or LendePs agents.Howeyer,p�lor to Lender's notice w Borran+er o# �v
<br /> the re 1 rents !�,•=
<br /> . tenaM of the PropeRy to pay �-
<br /> • Borrowers breacfi of any cavenaM or agreemerit 1n the Securiry Ins4rumeM,Borrower sttiail cdlect and reaelve �--
<br /> and revenues of the Property as tnistee for the beneFd of Lender a�d Borrov�ce�-This assi�nment of reMs constitutes an �`-
<br /> absdute assiynmeM arx�noi an assi�nment far a�dabnal securitY on1Y- r...:;
<br /> If Lender gives nottce ot Es�eacl�ta 8��� �a���rents received by Borrower shall be held by Bortower as trustee �._
<br /> ' :���` for benefit af Lender onty>to 6e 2ppf�ad to the sums secured by the Security Instrument:(b)Lender shaU be entitied to �:�_
<br /> � cdlect an�receive all of the rents oi the Properry;and(c)each tenant of the P�operry shall paY ai�rents due and unpafd �
<br /> to Lender or Lender's a�ent on Lender's written demand to the tertiam.
<br /> Borrower has rtai ex2cuted any prior assignrr�c�t flf the rencs 2�nd has no!and wiU not pe�Eorm an;�bd that waGd
<br /> prevent Lender from ex�ercising its�ights under th�s i�aragraph 16. ��e or aiter ti notice of
<br /> ' Lender shs[l nc[be requlred to erner upon,take conirol oF or maintain the Qroperty ���n9
<br /> breach to BorrowEr.However,Lender or a judicialfy appointed receiver may do so at any time there is a toreach.My
<br /> application of rerrts sizat!not cu�,ree or waive any default or invalidacte any other Nght or remedy of Lender.Thts�n fuil.
<br /> assignmAnt of rErits oE�i"=e Pro rry shaA terminate when the debi secured by the SecuMy Instrument is pald s��
<br /> FHA NEBRASKA DEED OF TRUST PAGE 3�F♦
<br /> ISC/FMDTNE//0691/(S�-L
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