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<br /> '' J irttere�3 artd L�t4ra CO�g�• Borrouver sha�f pay when due tha prirtctpa!of,�nd tnteresY an, "-_94,.�`""• -_
<br /> 1.Raymert o?Principal� - " _ -
<br /> the debt evidenced by the Note and late oharges due under the Note. � • �
<br /> 2,[Ylpnthty Paymer�04��xesa,Irtsurens:o,nrt�Gih��Charges. Bor►ower sh_all Include In each morrthly ,:. ;� � __
<br /> �° � ¢aymeM,tagatRer with the pdnctpal and lnterest as set forth in the IVote and any late charges,a sum 4or(a)taxes antf _ _ _
<br /> L speci3l assessmerits levfed ar to be levied agalnst t he Prape r t y,(b)iease h a l d p a y r r 3 a rt e o r g r a u n d r s r sts cKS tha -- -- -- - _
<br /> Property,and(c)premiums for insurance required under Paragrap�4.In any year in v�hlch the Lender must p�y a � -
<br /> mortgage insuranae prsmfum to the Secretary af Housing and Urban Devetopment(°Secretay'),or in any year ln which � -' ,�•_
<br /> � such premium wouid have been requlred i4 Lender stUl heid the Securiry Instrumerit,each montt�ly paymer�t shall also _ _ ;�` _ _ -
<br /> � indude efther.(1)a sum for ths annual moRgage(nsuras�ce premtum to be pa�d by Lender to the Secr�tary,or 4ti)a r�
<br /> monthly charge instead of a moRgage insurance premium ff this Security Instrument is h e l d by t he Secr e t a ry,t n a . —
<br />,_. � reasonable amount to be detertnir�ed by the Secretary. Exc�pt for the morrthly charge by the Secretary,these items �'�, .��.•� .�� • . - `
<br /> are called°Esr.�ow Items°and the sums pald to Lertder are called°Escrovv Funds.°
<br /> ---, � Lender may,ai arry t1me,collect and ho}d amourrts f or E scrrnv i te m s i n a n a g g�e g a t e a m o un t not to�xcesd ihe ���r, .-_ ; -.
<br /> �!'� maxlmum amoum tP�at may be required for�orrotiv$r's escro�N accounY under the Real F�tate SetttemertY Procedures ' S . ;� _
<br /> , . � Act of 1974,12 U.S.G.�2fi01 et seq.and impte�nerittng regufat[ans,24 GFR Part 3500,as they may be amended frorr. �` �,� Y, :_
<br /> , � time ta time ct�E4.�i�.e:cept t h a t t he cus h tnn or r e s s n�e p e r t n t tt e d ti!s?�S P A f o r u n a r r 4 i c i p a t ed dtsbursements o� '�•„:, ,;.....:A�,.���_.-:-=
<br /> W di�(atuse�serts��r.a ti�ic��c�x's payme���ava31�4e brt tt�s�^�,�.m may not he based an am.ou�ts duv t0a'�'� ;'. '%�rf?J�[�;f.o;;. ',..�'r`
<br /> •A.� (Jf f�i�'I/� r ¢-.
<br /> mQe�-��;�;�-.�.�r^i«�;�. f`�'�'���4 r -:. :.
<br /> ,f��_��k�:ucd by Lender for Escrov4�`t�ms exceed tt���.�rn .;�perrn i i t e�ta l o�held by R�SP�,Lend�r shaii �'� ;,.•,:.' . , ..�>,<
<br />'`�:�: __-----
<br /> de�►�S;�:�e ex�ess�vnds as required by RFS�'A If the amounts af furt�s hsld by Lend3r at arry tm��aro no4 sufficisnt -- -�— -
<br /> te pay the Esc�o�u Items when duo,Lensier may nottfy the Bor�ou�sr and ret�utro Borrower to rr�ake up the shortage ar � ,"��-`:<:;
<br /> deftctency as permiued by R�SPA - - � - .�-.
<br /> � The Escrow Funds are ptedged as addi�ona!securiey for a!1 sums secured by this Security Instrumant. lf 8o►rower :_;;r:<�:__��T
<br /> � tenders to Lender the f�ii ymeM of all such suma,Borrower's acceurst shalf be credited wtth the balance remalnl�g �_, �
<br /> �., `4• for al!installment items(a�lb),and(c)end any moRgage tnsurance premium installment that Lender has not beceme , _
<br /> � obltga,ted to pay to the Secretsry,end Lender shatl promptfy refun�t any excess tuRds to Bor►owar. Imrr�ed!atety pdar to ��' �
<br /> ' foreclasure sale ot the Praperty er its ac uisttlon by Lender,Boe�ower's accour�shall be credited wflh flrry toalence f i-•:��..�-`��,i
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<br /> remainlns for ell tnatalimeme tor Itema(a),�b),and(c). � �� �.:_
<br />: -. �.AppllCat�c�n o4 Paymo�i�. All paymenis under Paragrepha 1 and 2 sha11 be applled by Lendaraa tollflws: --- ..
<br /> �`, �,to the moRgage(nsurence prertalum to bo patd by Lender to the Sflcrelary or to the monthly charge by the ' � "�!�;�`
<br /> .`:� ,�� Secre Instead ot tho monthty morigage insu.rence premlum; ' �'�=���!- �-��� -
<br />�i' �.to any taxes,sp�cial assessmente,leasehold pay4nents or ground�ente,end fire,flood and othsr hazard __
<br /> . insurance premWms,as requlre�d; ••'� � -
<br />� . � : D,to i�eresi due under the Note; . _:.
<br /> ,to amartization of the prtncipaf of the Note; ��
<br /> Il�,to late c harges due under the Note.
<br /> 4.Flre,Flaod and Other H8$art!tnaur�nce. Borrower shafl Insure a11 improvemenis on the Prope�,whether - ���`.
<br /> n6w in existence ot subsequeriUy erected,against any ha7ards,casua�ttes,and contingencies,(ncluding re.torwhtch �. �
<br /> Lender requlres insurdnce.'fhls insurance shatl be matntalned in the amounts and focthe periods that l.�nde�requires.
<br /> � Besrower shall atso Usure a!fmprovements on the Property,whether now in existence or subsequenUy erected, ��'
<br /> against loss by floods to the e�dent requlred by the S2cretary.A��insuranca sfiall be caRied with companles apprwetl ,�,,:,:�` . �.
<br /> by Lend3�The insurance poficres and any rertewats shail be helrl by Lender and shall incSude loss payable clauses tn ��,�;
<br /> i�vat af,.and(n a form accegtabie to,Lender.
<br />;�f;. ,' . Inttu3�rsvent of loss.Bar�a�rer sha11 give Lencier imre�ed(ate notice I�y maiL Lender may make pmof o'f lass if not
<br /> m�a�Rromptiy by Borrower.�ch insurance company�cemed is flereby autharlted and dirsc4edto maKe paymer�t . �` ..
<br /> '• .•`� fOT S4^�lt toss d3recUy to Lendv�.,tr,.stead of to Boirawer�eo Lender jolr�ly.All or any part of the lnsurance pr�s ' ���
<br /> �t:� ----
<br /> � . may be apA(I�fsr�B.�nder,at c'.�or.io�e,e�'x�r(a)to ttr�c�uctfon af t4�Q indebtedness under the Nate ar�d thls Seeuriry _ _ ��� ,:�.--
<br /> ' Instrument f,r•w c�a�y del(n�u�rs 2sr•c�;.�n�ap��.iecD 4nti�a order in Fa��apfi 3,and then to prepaymerrt of princ(pal,or � � � �
<br /> (b3 tothe restoration or repar c�t'��da�T��J��opErtY-A►►Y apF�i��+"�rrs af the proceeds tothe princlpai shali not ��,.;;.`
<br /> ' e�:ec�i or postpane the due dz���afi the monthiy payrraT�whicfi are referred to Ir�Paragrap�►2,or ci�ar+ge tna amouM �""`
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<br /> . a€��:;h payments.Any exce�ansurance procseds ov�*�amourrt requ(red to all outsiandin indehtedness urtder �';:'��"=_-
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<br /> the Note and this Securfty t:r;��ment shall be paid to t�r�c�::iry legalty eMtUed thereta � '���'� �' � �
<br /> ����i���--_-,=,�_y.�; _
<br /> �� In the evern c�fo�eclosure of this Security Instn�meTR or�iher transfer ai tNfe to the Property tha t axti ng u i s h e a t h e ,,1,,; , ___ -
<br /> indebtetfness.atl rigtrt.ti�le and iriterest of Borra�wer tn and to i�s�trance potictes in torce shall pass totho purchaser. — .--- u�- -
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<br /> 5.Occupancy.Presgrvetion,Maintenance and Prat�sion ot the P�operty:8onow�r'r Loan Applk�tton;
<br /> L,�r�ahold�. eorrower shalf occupy,es4abllsh,and�a o.�3 Property as Borrower's pdncipal residence wfthin sbuy days � ,r,,,.:_��`
<br /> aftrsrth�execution of thls Securiry Instrumem and shati a��tinue to occupy the Rroperty as Borrawer's pdncipal _ .,,:,�;._,:-: -
<br /> � residence tor��x�si one y�r after the date of occu�a���a,unless the Seeretary determines thla requirement wfll cause __ _ __
<br /> ..� --.-�...._.
<br /> � � undue hards".:�^��r 8enauver,or unless extenuatirtg ci:cumstances exist whtch are beyond Borrowers coMrol.�oITOwer .-.,,.,.:
<br /> � � shall natify I„�:���cf�y e�enuating circumstances.Borrower shali not commit waste or destroy,damage or ,., �. � .•'�';,`
<br /> � , substarr�tiya,,l�lyr�c1��,.�a,tthce�,.t='nx,�.��ty or aliow the Properiy s�a detertorate,reasanabte v�oar and tear excepted.Lender may .. . ��`''���I�
<br /> - '�.�{1IpC'��.J�.��li 11�B'�?f �frrw.rn�:.+r+���. .
<br /> ,,t;cRy Is vacani or abartdarrc-si or the loan ts In detauit Lender may take reasonabie action ,,r��. : ,.. ..
<br /> � to protect arxP.�ctisenre suc��cr�cant or abandoned Pra��ty.Bonawer shafl atso 6e in defauft i}Borrowor,during the '-=:'�'�.•_
<br /> : � , . loan appiicattcr�p!ocess,gave materiafty false or inaccur��te intormation or stateme�ts to Lender(orfaited to provlde .,
<br /> � Lender with any matetiaf t�ormation)tn conn2ction with the loas�cvidenced by the Note,indudtng,but not limfted to, �°Y�� � � .
<br /> � � represemations conceming Borrower's occupancy of the Pro�erty as a principal restdence.if this Security Instrumant lo ��}���_
<br /> on a leasehold.BoRCwer shall compty wfth the pravista�os of the lease.If Borrovrer acquires tee tN1e to the P�operty.the ��,nv,�,.
<br /> leasehold and fee title shall noi ba merged uNess Lendee agrees to the merger In wi4ttng.
<br /> � 8.Ct�rges to BoROwer and Protectlon of Lender's RigMs tn the Properiy. Borrower sha11 pay a11 govemmer�tal �����m
<br /> � or muMclpal charges.flnes and imposftions that are not inctuded in Paragraph 2.Borrower shail paythese obtigattons ���_"
<br /> on t(me directty to the entity whtch is owed the payment.If taiiure to pay wautd adverse1y effect Lende�'s irrterest in the _
<br /> � Property,upon Len�fer's request Borrowe�shali prompUy fumish to Lertder receipta evtdencing thase paymen4s. ,_� .. . `''--
<br /> If BoROwer tails to make these payments or the paymenis required by Paragraph 2.or faits to perform any athe► � �,�,:,
<br /> covenants and agreements contalned In thia Security InstNment,or there is a legal proceeding that may slgnHicantty • . �
<br /> . aNe�t lende�'s dghts in the Property(such as a prooeeding in bartkn�ptcy,for cortdemnation or to en`orce taws or 'r;���;:�?tr��
<br /> ., • reguiations),then Lender may do and pay whatever Is necessary to protect the value of the Properry and Lenders •:-�-y�-_�=�-� •
<br />� , " rtghts in the Property,inctuding payment o}taxes,haaard insurance and other Items mentioned In Paragraph 2. ,:r,j.�:,.:,, . _:
<br /> . • My amounts dlsbursed by Lender underthls Paragraph shall become an additlonal debt o!Borrawer and be %�M�°°^�° ' '
<br /> secured by this Security Instrument.These amounts shall bear interest from tho date of disbursemerrt,at the Note rate, .:•r.,:
<br /> �r�zi the option of Lertdcr,s3�all be immediatefy d�ce ar�d payable. � : z,��.
<br /> •�'�t�.�',,,.�ti. !'.
<br /> - • � a.CartcP��aatta�a. Tr.r�r�-oceeds of any award cP���for damages,direci or consequenttal,In connection wfth __. f.,-:'.
<br /> � any ea�s d e m n a f l c c�e r a*_t v e r`.��s�g o f a r.,�pa rt o f t h e Fr��;e�;o r f ar e orne yance in ptace of eondemnaUon,are hereb y ` '"-`�� "�`� �
<br /> °�'.�'-:;.�,
<br /> . . asslgned 2n���s[L�e r�ai�ra�nnCs�to G',e extern a¢r5-r�fc1}2.�;a�:s,2 of the tndebiedn2ss that remalns unpatd under the "� �'•'�' "" "°" �_
<br /> ec,
<br /> . Note and this�curit�r Ir�rs,.�►errt.Ler,d�v shall app3y_c.��proceeds 4a the redu�tlon of tho indebiedness undsr the ,;.;.� � !� ' �=
<br /> � Note and this 3ea:rtty Ir.��^.;:�ern,flrst to any dE1inG��=.�-�arriourns appfied In tho order provided In Paragraph 3,and _
<br />' � tnen to preRayment of prir cipal.My appitcatton of ths proceeds to the principaf shali not extend or postpone the due . '�=
<br /> � � ' FHA NEBRASKA OE�D OF TRU3T g�95 • .
<br /> � - ISC/FMDTNE//0691/(5�95i•L PA(3E 2 OF 4 � .
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