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<br /> B �oArv No. 1 5 3 9 2 1 4 7 9 1
<br /> t.P�ym�nt oi Princi�al,IntaysY e��ci L�t�Char+��• Borrower shall pay when due the principa�ot,and fnterest nn, �_-_
<br /> tho debi evkiancnd hy the Nota ar►ci tate ciwrg�s d�o ander the Nota. �-�__�
<br /> �.I�tonthly Paymsnts ot Trucas,insu�ance,�nd Oths�Ciu�rpas. Borrowar shall Include In each mur�thly —
<br /> I payment,toQether wdh the pr�c�p�1 and'•ntesest as set forth In thb N�a h�a�y�nc'��ag�aur�ents oan thees and
<br />_ I Special assessments leviad a'to Ue levieti aga�nst the PropeRy,( )
<br /> .__ � Property.and(c)p�e+��ums tor Insurance required under F'araytaph 4.In any year in whl�h the LdQ e�r�must�Y�which
<br /> martgage Isuuranco premlum to the Secretary of Housin�and Urban Develo�ment Z"Secratary'). ment shall a►so
<br /> suchpremium u�oulc9 have baen required M Lender sttll heid the 5e:�+i��Y�nst�umenL�8 p�`���rotary,o�(II)a
<br /> , inctutie exhor.(i)e sum tor tha anrwal martQa{�e insu�anca premlum to be pald by -
<br /> � monthiy ctiarge trutc�ad of a mo�t�a90��uutanca Memlum 1E thfs Security InsirumeM ts heid by the Secreta►Y.in a
<br /> ��gonabla Amount to ba detormined by the Secretary. Excopt tor the monthly charc}e by the Secretary.these Items
<br /> ara caliati•Escraw Items"and the sunis pakl tv lendo►e�e ca1�a�"Escrow Futxis."r '�amount not to exceed the
<br /> lender may,a1 any t�me,cdlect and hdd amounis fw Esc�ow Items In an ay�e�•
<br /> maxlmum amounl that may be requued tor B�er's esc�ulatlons,24 C R Part 3500.9 thoy rr�iay be amended i�rom �_-
<br /> Act of 1974,12 U.S.C.9 2601 et s�.and lmpl �W e� �
<br /> � time to tlme('RESPA'),oxcept that tha cuahbn or reserve permmed bY RESPA tor unaM�Ipated disburseme+tits or �,:
<br /> disbu�semenro before tha Borrowe�'a payment9 are pvaitabla I�the account may�wt be based on amounts due for the `_
<br />: i n w r t9a 0e Insurance ptamlum. v.
<br /> t� if the emounts hdNi by Lsnder tar Escrow Items excaed the amounts perm ltt e d ta b e h e ld b y RESPA,Lende�shall � _
<br /> ; d e a l w i t h t h e��em�when due'Lende�maY nottfy the Barr�ower f a n d requl�te Borr o w e r o m a k e u p t h e s h o�e o� a
<br /> : to pny the E _
<br /> ' deNctetecy as permi�ted hy RESPA. __
<br /> � The EsCrow Funds aro pledged as addf8onal securityfor all sums secured by this Security Instrument. If Borrower
<br /> ` tendets to Lender the tull payment of all such sums,8orrowec's account shall be credited with the balance romaiNng .
<br /> tor a!1 InstaUment ftems(a),(b),and(c)and any mortgage insurance premtum installment that Lend�r has not becoo to � :
<br />, obtlsated to pay to the Sacretary,and Lender shall p�ornptly re(und any excess funds to BoROwer. Immediately p �._.
<br />_.�� a torecfosure sale of the Property or fts acyulssitbn by Lender,Bor�ower's account shall be c�edited with any balance �-
<br /> roma(n�ng tor all Installments for icems(ay,tb},arw(c}. ---
<br />_ � 3,pEypUcation of Paym�Ms. Au Payments under Pa�agra��e �he Sec etary or o the�mon��y c�ge by tha
<br />`- � IR T to the mortgage insurance premlum to be paid bY
<br />- , �r�ry instaad of the moMhly mo+tga9e Insurence premtum;
<br /> $F,�QI�Q,to any taxes,specla�asses�ments,leasehold payments w ground rents,and fire.flood and othet haza�d
<br /> Insurance premiums,as requi�ed;
<br /> THIR ,to Interest due under the Note; ���ote;
<br /> t F RT .to amo+tization of the p�p�
<br />- FIFTH,to tate charges due under the Note.
<br /> ,whether
<br /> 4.Fire,Ftood aed Othe►Hu�rd�nsun'nce. Bor�ower shall insure all Improvements c�the Property
<br />= naw in exlstence or subse4������I be main�ed in t�he a tmo5unat�na for henpedods t'hat I efnder requUes.
<br /> Lender requlres utsura�ce Wh��r now tn existence or subsequenUy erected,
<br />- Borrower shall also instue aU improvements on the Property.
<br /> agalnst loss by floods to the extent reG,uired by the Secretary.NI insura�ce shall be cav�ied w�h compan�ies a��ed
<br />- •:�?� by Lender.The Insurance po�icies ar�i!any renewals shall be held by Lerxter and shall tndude loss PaYa
<br /> favor of,and in a fortn accepta�le to,Lender.
<br />—_� !r.*..�0 w,�nf loss,Borrower st►all give Lertider immediate noiice by mail.Lender may make proof of loss ff not
<br /> �,� made pramP�Y bu Barrower.Each lnsurance companY co����;i�:��o�,�L",�•�°o�arvi�iireated tt�make PaYrt►ent -
<br /> for such loss directly to Lender.insteac'1 of to Borrower and to Lendar IoiMly.A!1 or any paK at tfia insurance fxoceedS
<br />�,.�:
<br /> may be apptied by Lender,at its option.either(a)to the reducYion of the indebtedness under the Not�a o this Ctecurity
<br />-,,� Instn�meni,first to any delinquent amau�ts appiled in t�da�',cat on of he proceeds to phe p�n 1�"�pal sha It�twt���r
<br />—=- (bI tothe restoration or repalr of the damaged Pr PQ1'h�• Y AFx
<br />�,.,� e�dend or postpone the due date of the monthly payme�us which are referted to tn Paragraph 2,or changa the amount
<br />=.� ��h�y�S•pny excess insuranceproceads over an amouot required to pay aJl outstanding indebtedness under
<br /> the Note and this Securdy InstrumenE shail be Paid to the entiry�ega1�Y enttUed thereto. that e�ctinguishes the
<br /> In the event of foredosure of this Security Insirument or other transfer of Yrtle to the P�pertY to the �chaser•
<br />�.��i inc{ebtedness�all�ht.tide and interest of Borrower in and to insur2nce pdicles�BotrowK's L�o�n�icstlon�
<br /> �-—� 5.Occu�rteY�Pres�tion��AaIr�t�nancs and Pro4ecNon of th���,S�incipal resklence within sbcty days �
<br /> = Leas�holds. Borrower shall occupnstn�me�andshatl cont nue� to�occupy the Property as Brnrower's p►inclpa�
<br /> after the execution of this SecurftY
<br />=:,,�' residence for at least one year after the date of occupancY.unless the Secretary determines this requirement w cause
<br /> undue}�a�dship for Borrower.or unless extenuating ci�cumstances exist'xhkh are beyond Borrower's controi.Borrower
<br />-:'"- shail notffy Lende�s of any extenuating circumstances.BoROM►er shatl noi comm�waste�destroy,damaye or
<br />.=.� substarYCially cha�nge the PropeRY or a�low the PropeKy to deteriorate,reasonabie wear and tear excepted.Lender may
<br /> Inspect the Propeny if the PropenY is vacant or abandoned or the loan is in defauit.Lender may take raasonable action
<br />�.�;. to protect and preservo such vacacx or abandoned P�operty.Bwrower sf�atQ also be in ciefauft�Borrower.during the
<br />`�°� loan app���P���•�Ve��ly��oc inaccurate i�amatlan or statements to Lender(or failed to provide
<br />`��� Lender wUh an material Infom�atAn)i�connection with the loan evidenced by the Note,inciuding,but not limfted to,
<br />'��:• �eprese�taYwns conceming BQRa+�+'s occupancY of the Property as a pdnc�pal residence.lf this�Securiry Instrument Is
<br />`-$ � �e����Id�goROwer sha11 compty wRh the provisions of the lease•If��►er acqu�res fee titlle to the Property.the
<br /> -� - teasehdd and fee title shaN not be mer9ed unless lender agrees to the mer3er in wriCu�g.
<br /> ;� g,Chargos to Borrower and Protectton of l.�nder's Riqhts in th�Propwty. Borrower shalt paY a119overtxne^tal
<br />_..�� � these obltgatlons
<br /> or municipat cnarges,ftnes and tmposittons that are not induded in ParaW�ad ��aff����,s interest in the
<br /> �;_� ; on time directly io the eniity whkh is owed the payment.if�aiture to pay
<br /> _ � � v fwnish to Ler�der receipis evklenc�ng these payme�►ts.
<br /> Property�upon i_encief's reGua�Bossa::�s,.ha!!prom�tl, r ui�ed by Paragraph 2,or fa�s to peROrm any othsr
<br />�'� If Borrower fails to make these paymeMs or tf►e PaYme�s �9
<br />-° cover�ants and agreements contatned[n thls Security�nst►ument,or the�e is a lega!proceading that may signiflcantly
<br /> �� affect Lender's Wghts In the PropaKy(such as a proceedin9 in bankruptcy,for condemnatlon or to e e����,s
<br /> :� , re gutations),then Le�der may do and pay w h ate�+er is n e c e s s a ry t o protect the value of the Property
<br /> � . rights tn the Property,Includln9 PaYment of taxes,haza r d insurance a n d o t h er ftems mentla�ed in Paragraph 2.
<br /> My amounis disbursed by Lender under this Paragraph shall b�come an additlonal debt of Borrower and be
<br /> securod by this Security Instrument.These amounts shall hea�inte�est from the date of disbursement,at the Note rate.
<br /> � and at the optbn of Lender,shall be immediatety due arxi payable.
<br /> 7.Condemnation. The proceeds of any awarc!or ciaim for damages.direct or consequential,in connectbn wfth
<br /> any condemnation or other taking of any part of the Properry,or for conveyance in place of conde+'nnation,are hereby
<br /> assigned and sha►�be Pald to Le�de�to the extent of the full amount of the indebiedness that remains unpaid under the
<br /> Note and this Securiry Instrument.Lender shall appiy such proceeds to the reduction oi the indebtedness��3,and
<br /> Note and t�nis Securdy Instrument,first to any delinquent amounts applied in the order provided In Paragraph
<br /> ; then to prepaymeni of principal.My aPP�icatlon of the proceeds to the principal shall not ext�nd or postpone the due
<br /> . s/�
<br /> FHA NEBRASKA OEEO OF 7RUST pp�p pF 4
<br /> 1SCJFMOTNE//0691/('S�95)-L
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