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<br />' ! � LOANNO. 153921 �387 S�:
<br /> � . dato of tho manthay payment�,whkh are reterred to In Paragreph 2,or changA the amoiinl of such paymenta. �1ny _
<br /> � excess proceads aver an amr�unt raqulred to pay ail outsta�dU�Indebtadnesa under the Note arxl this Secu�ity
<br /> � Instrumant shaU ba paki to the onlity legally ent�led thoreto. .
<br /> e. Fua. Lerider may cdloct fees and charpt�authorized by the Sec�etary.
<br /> i �. Grau�ds tor Accal�ratlan of DaW. �
<br /> � (�)�tault. Lerxier may, excopt as Ilmited by regutatlons Issued b tha Sec�etary in the case of payment deNauits. �
<br /> �equke(mmadlute paymonl fn tull of all sums secured by this Sacur�y Insin�ment N:
<br /> ' (i)Barrawar delau�ts by fa!ling to pay in f�!Any moMNy payment rec�ulred by this Secu�ity InstrumerM prlM �- -
<br /> � to ar on the due date af tha►wxt monthlY PaYmant.ot `•�- -
<br /> ' (II)Borrawer dst�;llts by faAing,f�r a perlod a!thirty days,te pertom�any other obilgattons contalned In this !��f'_'�
<br /> u�ecu�ty Instn�ment. ���"�
<br />. (b)Sala Without Cradi4 ApprovAl. Ler�der shatl,if permitteti by epplicabte law arxi wiih tha priar approval ol tho �,,,_,
<br /> $ecretary,raqul�a immediate payment ir�full of all the sums secured by this Securky Instrument N: •i_=:
<br /> (1)All or part of the Property,or a benef3clal Inierest In a tn�st owning all or paR of the P�operty,ls sdd or �'r
<br /> otharwise t�an�ened(other than by devise or descent)by the Borrower,and
<br /> (ii)The Property is not occupied by the purchaser or granteo as his or her principal reskience,or the
<br /> i acconiance w h the requiremarst uopf the Secre�tay.�his or her credft has not been approved In
<br /> ' � (e)No W�iver.If circumstances occur that would permit Lender to�equlre fmmediate payment in full.but Lender
<br /> ' dnes not require such payments,Lender does not waive its righis with respect to subsequent events.
<br />., j (d)Re�ui�tiens of HUD SctGretsry. In ma�y circumstances regulatlons Issued by the Secretary wUl Umft Lender's
<br /> � ►ights,in the case of paymErti defaults,to require Immedlate payment In fuil and torecic�se if not pald.Thls Sscurity
<br /> Inst�ument do�s not autFwriza acceleratiw�or forectosure ii not permitted by regulatior�s of the Secretary. �
<br /> (a)�ortg�ge Not Insured. Borrower agrees that should this Security Instrument and the nc�:�seti:ured the�eby not �;'_=i.-;
<br /> b�eligible f�Insurance under the National Housfng Act wfthin s o o A v s frrn•n the dats hereof, �_-
<br /> Lerxler may,at itsoption and notwfthstanding anythtng!n Paragraph 9,require Imene�i�te payment tn ful!oF all
<br /> sums secu�ed by thls Securky Instrument A written stateme�t of any authorized agent of the�tary dated °;��
<br /> subsequent to s o o A Y s ftom the date hareof,decfining to Insure this Secur f t K fnstrument and the
<br /> noYe secured thereby,shall be deemed conclusive proof of such Ir�eti�gibiliry. Notwithstarxfing ds�foregoing,this
<br /> optlon may nd be exercised by Lender when the unavailab(Itry of insurance is sdely due ta Lsrxier's faflure to remit -�
<br /> a�moRgage insurance premlum to the Secretary. =�
<br /> � 10.Reinst�temant Bonower has a dght to be reinstated ff lender has�equired fmmediate paymRni in fu11 because :�
<br /> of Borrowe�'s faAure to pay an amount due under the Note or thls Security InstrumeM.This Nght appiles even after _
<br /> foreclosure proceedirigs aro instttuted.To reinstate the Security Instrumerrt,Borrower shaU te�ider tn a tump sum ali �
<br /> amounts requlred to brfng Borrowe�'s account current Induding,to the extent they are obligations of Borrower under
<br /> this Secu' Instrument,foreciosure costs and reasonable and cusiomary attomeys'fees and expenses prope�iy � �-
<br /> associated wfth the foreciosure proceeding.Upon relnstatement by BoROwer.this 8ecurity Instrument and the �- ��-
<br /> ot=ligations that it sacures shall rematn tn effect as if Lende�had noi required immecfi�:e paymem In fuil.HoweYer, ��;�,
<br /> Lender is not required to permR reinstatement if:(�Lender has accepted reinsta3c�rr�nt after the commencemar�i of =___.
<br /> fweclosure proceedings within two years immediateiy preceding the commerxe�r►ent of e cttttarst foreclosure --
<br />� proceeding,(i�reinstatement will predude foreclosure on different grou�s in the Euture,or(iu)relt�;atement w�l =—
<br /> , ad�rarsely affect the oriority of the Ilen created bp tt►Is SeCtuiN Instrument. .� --
<br />.. t 9.Barrow�r Hot Ra�a�ad:Forba��nsa by Larider Not a Watwr. Extarss:ar a!tho time of paymer�ot ;•___:
<br />� rrsod�'fcatl�n of amortization of the sums secured by this Securfcy Instrument granied by Lender to any successor in r�
<br /> i�eresi of Borrower shall not operate to release the liabaityy of the origina!Borrower or BoROwer's successor tn i�erest. ��_
<br /> Lender shail noi be required to commence proceedings against any sttccessor in interest or�efuse to extend timefor �_.°�
<br /> payment or othenHise modify amortization of the sums secured by thts Security Instrument by reason of any demand --__
<br /> made by the original Borrower or Borrowe�'s successors in tnieresi.My�ort�earance by Lender tn exercisinp any dght =
<br /> or re�nedy shail not be a waNer of a predude the exerclse of any riyht ar�nedy. = ,
<br /> - 12.Successars and Asst�ns Bound;.lotM�nd Several Liability}Co-�t�n�rs. The covena�s and agreemenis ef ��
<br /> , this Security Instrument shali bind and beneflt the successors and assigrs of Lender arxi Borrawer,subJect to the �-�
<br /> provislons of Paragraph 9.b. BorrowePs covenants and agreements shail be jolrtt and several.My Borrower who �';
<br />�3 co-signs th1.s Security tnsWment but does ricf execute the Note:(a)Is co-signing this Security Instniment oNy to =
<br /> _ mortgage,grant and comrey that BoROwer's inte�est in the Property under the temu of this Security Instrument;(b)Is - -
<br /> ° not personaUy obligated to pay the sums secured by thSs Security Instrument;and(c)agrees that Lendsr and any other
<br />`:� Borrower may agree to extend modffy,forbear or make any accommodations with re�d to the tertns of this Secutity _
<br />,4- Instrument orthe Note wtthoutthat Borrowers consent.
<br /> �.=
<br /> 13.Notica. Any noilce to Borrower provlded fot in thls Secutiry!rssitument shaU be given by delive�ing tt or by �,��__
<br /> maAln��by flrst class maQ unless applicable law requires use of anothzr method_The notice shall be directed La the r-•.--
<br /> , Property Address or any other address BoROwer designates by notice to Lender.F�rty notice to Lender shall[�e«�Nen f�= _
<br /> by first dass map to Lender's address stated hereln w any address Lender desigrzatc�by notice to Borrower.R+.iy notice --
<br />:t� provided for in this Securiry I nstrument shall be deemed to have been given to Borrawer or Lender when yiven as ��°
<br />" provkied tn thls paragraph.
<br /> '�� 14.Govemtnp Law;Ssveabllity. This Security Instrument shall be govemed by Feder3t faw and the law of the ��
<br />-.�:' jurlsdicUon tn whlch the PrapeRy is located.In the event that anyp�ovision or clause of this Securiry Instrtunent or the �.��
<br /> Note conflicts w�h appiicabie law.such conflict shall not affect oiher provisions of this Security Instnuner�t er�e Note --
<br /> � whid�can be given effect without the coMicUng provlsion.To this end the provisIons ot this Securiry Instrum�rzi and the , '
<br /> Noce a�e declared to be severable.
<br /> - Z S.E...^�rox�':Capy. Bo�a:�cr sha!!bo given ons xnfosmed c��of ihls SQCUrity Insirymeni.
<br /> 16.Assi�nment of Re�U. Borrower unconditionaliy assigns and transfers to Lender all the rents and revenues of
<br /> the Property.BcKrowec authorizes Lender or Lender's agents to coilect the rents and revenues and hereby directs each
<br />' tenant of the Praperiy to pay the rerrts to Lender or Lender's agents.However,pNor to Lencler's notice to BoROwer of .
<br /> Bottower's breaGS of any covenant or agreement In the Security Instrument,Borrower shall cdlect and recefve all rents
<br />, and revenues of the Property as trustee tor the benefd of Lender and Bc.rrower.This assi�nmeM of renis cons�tutes an
<br /> absotute asslgrtes�ent and not an assignm�tfor addklonal securiry oc�iy. '
<br />• If Lender gives notice of breach to Boi:ewer:(a)atl rents received by Borrower shail be held by Borcower as trustee -
<br /> for benefit of Lender oniy,ta�e applied to the sums secured by the Security Instrument;(b) Lendar sha11 bA ernitled to -.
<br /> cdlect and receive all of the rents of the PropsRy;and(c} each tenant of the Properry shall pay ai!renis due dnd unpaid
<br /> to Lender or Lender's agent on Lender's written demand to ths tenarrt. -
<br />� Borrower I�s nat executed any prior assignment of the rents�has not and will not perform any act that would �.��
<br /> � prevent Lender fr�xn exercisinc�its rlghts urxier this Paragraph 16. �--—
<br /> , � Lender sha+►not be rea�ired to enter upon,takc�car�sd of or mair�tain the P�operry before or after giving notice of � =-
<br /> breach!o Borcc.wver. Howev�r,Lender or a Jud�ially aRpcir�ted receiver may do so at any time there is a breach.Any F _
<br />� �� a p p li c a t i on of rer�s s h a ll n o Y c ur e w w aiv e an y d e f a u l t ar:m r a i i d a t e a n y ot h er ri g M or r e m e dy o f Le n der.T h is
<br /> assignment of rErts of the Properry shall terminate when the debt secured by the Security Instrument Is pald in fu11.
<br /> � 1 FW1 NEBHASKA QEED OFTRU57 5/45
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