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<br /> 9E`y_ ���`� LOAN NO. t 5 3 s 2 i a a 3� ; � � �
<br /> 1.{�aymo�+t of PrinclpAl,le�tere�t end La4e Gherpe. Borrowor shali pay wh�n due the principal of,and interest on, ,
<br /> � 4ho dobt ovldonced by the Not�and lete char�oa due unci�r thc�Note. , :-
<br /> 3.Mo�tl��y pt�ument�mf TaxeB,Ineure�ice,pnd Other Ci�ar�poo. �orrower shAll Includo in ea�h montl�ly =
<br /> ' paytnent,together wlth the princlpaI and Interest as set torth In the Nate and any it�i�cnar�jys,a sum far(a)ta:c�and [�`
<br /> speci�l sssesamenta levled or to be levled aflalnat the Property,(b)IQaoehpld paymAnts or�rQUnd rents on the „ �..
<br /> Property,and(o)premlums far Insurance requlred under Paragraph 4.In any year In whlch the L.onder must pay a �
<br /> mortgago insurance premlum to the Secretary of Housing snd UrbRn DovalapinAnt("8oc:retary'),or In am�year In whlch ,�
<br /> such premlum wAUld fiavo bAOn requlrecl If Lendes stlil held the Security Inatrum�nt,ench monthly ptiymnrt nhnll also
<br /> . � Include elther:(i)a surr�for tho unnual mortgagn Insur�nce premlum M tx�pnid t��l Lertder to the SecPetery,cr(Il)a ,
<br /> monthly charge Instead of a m�rtgaga Insurance premlum If thla Secur[ty Inotr�m�nt lo held by the Secrotary,in a
<br /> reasanable amount to be determined by tha Seoretary. Excapt tor tha monthly char�e by the Secretary,these ftems
<br /> J are called"Escrow Items'and tha sumspaId to Lendor are callad"Esr,row Futtds."
<br /> '� `'� Lender may,at any time,coNect and hold am4unts for Eocrow Itoma In an ac��r��ata amount not to exceed the
<br /> "`'' maxlmum amount that may be requlred far Borrowor's e�craw account uncisr th�R2al Estato Settlement Procedures `"
<br /> Act ef 1974,12 U.S.G.B 2609 ei seq.and Implemsntln�rv�ulatianu,24 CFPI f�a.rt 3a0m,an they may bo amerrded 4rom . ,
<br /> disbu se�ments be oAe�the Bor ower's payme 8 8f0 AVa lab�g in tt��ccourrt ma�y n t be tba don amounts duoufor tho � �_
<br /> , . i mcattgage Insurance premlum. . . =;';,' .,
<br /> . , It the amounts held by Lsnder tor Escrow Itoms ex�eed the an�cunts�armitteci to be helc�by Ft�SPA,L.�endor shall � ,
<br /> , .,' ;I �;;:�!with ths excesc fund�as required by R�SPA. If 4�oe Amounts ef funde hal�'i I�y Lender at any time aro�aflt sufficlent . �';,: • y;
<br /> � e���-�y the Esc�ow Items wP�en due,Lender may n�t�flj t�e�aRa�r�r�nd requiro E�uTrower to maks up thv shortage or :�,:;;�. ��o;��•�s
<br /> dc:�rici�ncy as[aermitted by RGSPA. .::,,��.:'.
<br /> ' � The Escr��y Funds arq pledged as additional securlly far o!I Qa;ms�eaured by this Security Instrumont. If 6orrower , ,..=�:r;�-:_,;.—
<br /> � tendars to Le�c���r the full yment of all euch aums,Borrowar's�ar,�aunt shall be credited wlih the balancm romafning . -.`�_��-
<br /> °� for all Instelimene ftoms�a�(b),and(c)ared sny mort,�,age inauran�o premtum Installment that Lender has nat become . _r�,,—
<br /> , obllgated to�zy to the ecrotary,and Lender shall�vc.+e��tiy refund any ex�esa f��nd�to eorrower. Immodlately prlor to �• � .y�::,,;;.,--
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<br /> ., a foraclosure sale af the Proparty or Ita ac ulaftic�n by l�nd�r,Bcr�ctiver's a.cccunt sliall ba credited with any balanGe . �_,���'
<br /> .. - -�---- � remalning tcr�al in�taiimente ior iierni���xj,�u),aru(c)• - _=_'=_.�- _ -
<br /> ' 3.Appiloation of PeymeMa. Ail Faysnentc urtder Far��,�ph�1 t�nd 2 shall be applied by Londer as fdlowa: �, ., _,; lp;:Y:;
<br /> "'�' �� I 7 to tho moftgage Insurance�r��nlum t�L��eald by I�ndar to the Secretary or to tho nnonthly cNarge by the , .:,,,,,, ,�,�_
<br /> _ � ? t Secretary Instead of the monthly martgage Insurarece remium; Y��''`�� ��-"�-==w'`
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<br /> " �COND,to any taxeu,specia!assessment�,taas�halci pnyments ar g�round renta,arri flre,flood and�other hazard .�/:w�.,5„��
<br />, �•• ;�,� -iY„�tt�—
<br /> Insurance premiuma,ae requlred;
<br /> :-�� �� � � �gQ,tc interest due underth�NCYo; ��
<br /> : ,� ��.,y �ly�,tc,�amortizatlon of tha principal ot the Notp;
<br /> �__ �_ �
<br /> � ,r � .:,,�,, FIF�1h,to iatr�aiiarg�s auu uiwa►t��n ts�t6.
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<br /> �t S 1 '�� 4.F l r e,F l o o d e n�c 6�C L�a r H a u r�d I n���rt 2 e. E a n rnv er sha11 fnsure all Im provaments on the Pro rty,whethe� :i
<br /> ,�,:�+�:�,,:,;.�:,:;;;, ; � � now in existenr,e or sutrsa��nantly erected,agAlnflt an�r 3��rdn,casualtles,arxil cont ingenc tes,Inc l I n g fl�s,f o r w h i c h .`�,:;; �
<br /> -;�"`%�;,����.`��'' g �' Lender requlres insurance.'f�1:is Insutanae shall t�o m�it�talnod i n t h e a m ounts and for the p erlods that Lertder requlres,
<br /> � � Bortawer shnll also insure�ll fmpr�vemAnts on th�F'r�operty,whether now In existence or subsequeMty erected. �� .
<br /> '�� ° "�� agalnst losa�y floods to the extent reQufin�d by tno Secretary.All insurance chall be carrled wfth compantes appr�ovod �, -,,
<br />- by Lcander.The Insuranco�rolicies end 6nU renowela shall be held by Lender and shall Include loss payaWe dauses In
<br /> - � . � iavor of,and In a fo�m ecco�tah�e to,�.endor.
<br /> In the event of toss,6c�rawer sh�ll give Lerxior irr�rnediate notice by mall.Lender may make proof of lass If not
<br /> ,�„- �r � made prompUy by Borrower.Each Insur�nce com�any concerned la hereby authorlied and directeal to make payment
<br /> tor such loss dlrecUy to Lender,Instead of to Borrower and to Londer IolnUy.All or any part of tha insurance procseds
<br /> `;� , • - may be applled by Lender,at fts option,efther(a)to the reductton of the Indebtednoss undortho Nate artd thl�Securtly v-- �
<br /> � � -'.:r Instrument,Hrst tv any aaiMquent amounte epplted In the order in Paragraph 3,and then to prepaymont of principal,or ��
<br /> ``=�'�i�r'�� � (b)to the restoration or ro�alr af the dama�ed propel3y.Any applicatlon of the praceeda to the principal sFtisll not -
<br /> ' extend or postpone the d��e�iete of the monthly paymenta which are retened to fn Paragraph 2,or change tho amcwm !��
<br /> ���.;:;�r.�:...,.-�. : -
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<br /> -,_�;{,,,;,: �,� of such payments.Any excess Insurance proceeds aver en amour�t required to pay aI�autatantitng Indeb�tednoss under
<br /> •<rn�lk•�::;;t �. the Note anc9 t7�is Security Instrument shali bepaId to the emtty legally entftled thereto.
<br /> �Y"��� ��' '' �'� In the ov�e�t o�l`foreclosure of this Security InstrumeM or other transter of t�le to the Pnc►�oYt�/that exttn�uishes the
<br /> 1*i:,i:S(I�Y:H.: �I1
<br /> ..._r,F., ;i Indebtedness,a�l�ight,tftle snd Intereat of Borrower in end to Insurance polictes In force shall pass to the purchaser. --
<br /> -"'�i�;;;�;;,,� •• 6.Occ�p�ney�PresArwYton�M�tMenance and protactlon of ths Propsrty;Borrower'�l.an ARP91c�tion� :.�
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<br /> °=�: l.WS�hcW�. Bomawer sha►I accupy,establish, arxl use the Praporty as 9oRawePs prirw�pa�resldence wfthin sbcty days �;y;,:_-_
<br /> �`R+ � after tne executinn of this Seti:uriry Instrument and sha11 continue to occuay the Property as Borrower's prir�cipal =
<br /> �'"?�=��_.
<br /> ----�°��';�: ° ° resldence far at least one year after ti�e alate ot occupancy,unless tho Secretary detemnlnos tMs requfrement wN!cause
<br /> `"'�`"'`"'"' undue hards7�l,p for Borrower,or unles9�:�enuatiny clrcumstances exist which are beyand Borcau+rer's coMrd.Borreral�T ^__
<br /> ="'��`...
<br /> �;�,�......:,,,. shgil natffy Lenders ot arey extenuating circumstancas.Borrower ohall not commlt westo or destroy,darroage or
<br /> •pii...m�.,� R�;�
<br /> =.'�:�,:,�� substantialiy ahange the Property or allow the Pr�peny to dete�torate,reasa+r�l�e wear ancl tear exce�toci•Lender may �`�:=�",°
<br /> ���'�+ti�• - Inspea,t the Properry It the Property is vacam or aba�donad or the loan Is In d�4ault.Lender may tako reasonabte ac4lon _- - --
<br />— ' `�x��'`�'��'' � to pratect�r�d�reserve such vacant or�bendoned Property.Borrowar shall atso be In defauit If Borrowgr.during the =,�.��
<br /> �;:�, ; . loan eppil��llan prxess,pave mater+atly 4aise o�Inaccurato Informatlon or statements to L�r�der(or falled to pravk9a ���_
<br /> . ' ,' ;�� Lender wfth any matortal IMormatton}i�o connaction wfih the loan evklonaed by tho Note,instuding,but not Ilmftod to, �;r�a��;:�=
<br /> ' � �epresentatlons conceming BQrtower's accuFaeecy�'►the Property as a princlpcil residonce.If this Security Instrumont Is ��-���_��_+=
<br /> '�'��'� Borrower shall comply wfth tho{3T�ovislons of the lease.If BoRauer scqulrQS tee tftle to tFr��roperty,tho �� r;,,� �;
<br /> � on c�leasehdd,
<br /> • O�a�e h o l d a n d f e e t ft t o s h a li not ba me r g e d unless Lender agrees to tho mergar in w�ting. ':"�:4.,,;�`�''^���.:_
<br /> ' } e.Cieerges to Borroywr�nd P�al�ctlon of Lendet's Ri�te4s in ths Prop�rty. 9onower sYwA pay a11 govsmmo n t n l wa,
<br /> � � or munlcfpal�hargea,fines and Im�rcrs�tlons that are not Includ2cl in Paregreph 2.Bon�r•r�hail paY these obligations -•�•�'r��,�.�`j s-
<br /> on tlme dlro�Uy to the en2ity which Is ow e d t he paymen t I i i a{l i e ra t o p a y w a u l d n d v e r s e(y�'E h e c t l.e n d e r's i n t e r e s t i n t t�a ��:�'�.=.�..:�;�,�
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<br /> � Property,upon Lender's:��uest Borrower shaEl pronnptiy fumish to Lender ro�eipts evidencing tf�ese pc�ymonts. 1i.�,:��;:�:���
<br /> •;--���. � If BoROwor falis to make those payment�a�t��@aymaMS requlred by P�a7agrap h 2,or f a l is to p a i�a7 m a ny othor �.:..,�::.�;��._
<br /> _�" _�•>_�" '- � covena;nts ar�d aareemonts containod in this Sc3curiiy Instrument,or there Is a legal procc�eding that rrk��al�niflcarniy . .. .
<br /> _..__.._ _ _ ' . ' . __ _�_rt_����_ •____ aWON '. . ..
<br /> ____--..T�"_. _.._"".._.._.. .t..�.•,
<br /> nffoct Lender's rights In the Property(such as a proceeding in oanxn,pccy,ror cor,un�����a�M����a•��•�•���--�� -- °--- -
<br /> _ .. , -- -.-�..�::..,-,--
<br />� � -� regulatians),then Lender may do and pay whatever Is necessary to protect th�value of tho Proporty and Londer's � . ,
<br /> righta in tho Property,irtcluding paymont of tax�a hazard Insurance and other Ituma mentloned In Paragraph 2. .
<br /> ' Any amounta dlsburaod by Lender under tP�is Paragmph shall become an addltlonal debt of Borrourer and be ,
<br /> � secured by ihi3 3ecurity Instcvmont.These arrtaunta shail bear Interest from the date ot dlsbursement,at tho Not�rate.
<br /> • and at the optton of Lendar,shatl be Immedlately duo andpayadle•
<br /> 7.Corxl�mru�tion. The proceed3 of any award or clalm tor darn�ges,direct or consequential. In connaction wfth
<br /> eny coe�demnatian Qr other taking of�ny part of the Property,or for cornreyance In Rlace of condemnatfon,are hereby � ,
<br /> _ •_._. .. .. _ . . prualgned and shali be pafd to Lender to the extent of the full emount of the Indobteciness that ramains unpaid under the •-
<br /> Note and thls Securiry In�trument.Lender shati apply such proceeds to the reduciion oi tn�i�rcieuieu�a5��r�isr tha -. -----
<br /> Note and thls Seauriry Instrument,fi�st to any dellnquent amnunts eppifed In the�rder provlded In Pnragraph 3,and , �•
<br /> „ then to prap�yment ot prtncipal.Any appl0cation of the proceeds to the princlpal shalt nat extend or postpone the duo
<br /> �� ., :,
<br /> - � FHA HHBRASKA DGED OF'J17UST 6/9S ^
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