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<br /> • 9���0�� L0.4N NO. 1 5 3 9 z t C 1 9 ! r
<br /> ' date of the monthly payments,whlch aro referred to In Peraflraph 2,ar��►ange tha a�nau�t o!such payments. Any __
<br /> excass Prxaetis ovar an a�rouni raqulred to pay��I outsta�xlk��ndobted��ass u►uie�the Note aixl this Security
<br /> Instrument sl�a:!be pald to the entity le�aily e�tiUe�tttierato. �
<br /> a,p�as, le�ndar ma};cdloct tees and cf�arqds authorized by the Se�ratary. �
<br /> �.�rouncfs 1or Acc�nttlon ot Dabt. rnu�t d�aults, '
<br /> (�)Detsult. Lesxier may,excopi Aa Ii�+'ta�by ta�ulat{�+�ss lssuad b� the SaGretary In the caso of pay ,
<br /> op
<br /> - roqulre Immedtate payment In full ot ali sums sacured by thls Secur�ty Instrument H: Y
<br /> : m
<br /> � (I)Barrowar datautt�6y faYing to pay In fu�l any manihiy payment rec�ulred by thie SacurKy Instnerrwnt prior _
<br /> _i to or on the due dato ot the next motuhtY PaYment,or -
<br /> I(1)Barrower defautts by faNinq.tor a petbd of thirty days.to pe����a+�Y a►her obti�at{:►ns con�ined tn thte =
<br /> �aGUrity Inairument.
<br /> (b)9�IS Without Cr�dR Approval. Londer shall,li permltted by appit�abie I�w and wfth the prbr approval o}tha
<br /> $ecr�ary,requke Immedlate paymer�t In fuil o�all the sums secured by this SecuNty Insirument Ii: -
<br /> (I)AU or paK ot the Pro�tty,or a benet�la!Interast In a trust owntny al�or pan a the PrapeKy,Is soid o� _
<br /> othetwise transterred(other than by devise or desce�t)by the Borrower,and =
<br /> (II)The Propeny Is not occupt�d by the purchaser or yrantea as his or her principa!reSklence,or tha _
<br />- pu�chaser or�rantee does so occupY the Property but his ar her c�edR has not been approved fn _
<br /> accordance with th�a requlrements of the Secratary. _
<br /> (c)No W�twr.If circumstances Cccur that would pem►ft Le►eder to require immediate paymo�t tn full,but Le�'�de� _
<br /> doas not requlre such payme�ts,Letxier does not walve its�hts wfth respect to subsoquent evetits. __
<br /> (d)R�ulatian�of HUD S�cr�tary. ��manY circumsta��ces regulatbns tssued by the Secretary will Ilmft Lender's !
<br /> rights,tn the case of payment detaults,to�equ're Immedlate payment tn full and foreclose ff not pald-This Securty _
<br /> Insirume�t does rwt authorize accelcratlon w fcxeclosure if not permlited by re�ulatio�s of the Secretary. _
<br /> (�)AAort�a��Not Inwrod. Borrowe�agrees that shoutd this Securtry Instrument and the note secured theroby no: _
<br />- � be ellgtWe for insurance under ii�e Natla-wi�iawi��g�Lct withln s" o A v s from the date h�eof. _
<br /> Ler�der may,at its optbn and noiwkttisYai�din9 anything li�Paragraph 9,requlre immedlate payment in full of aU
<br /> ■ s u m s s e c u r e d b y t h l s S e c u r i ty I n s t n i m e r t t.A w r i tt e n s t a t e m e nt of an y autharized a�ent of the Secretary dated
<br /> � subseque�t to s o D A Y S from the date hereof,declin�ng to Insure tl�is Securrty Instrument a n d t h e
<br /> - note secured thereby.shat![�e deemed concluslve proof of such ir�ellgibEltty.Not�ti�ttstarxlinq the foregol�g,this
<br /> - cption may not be exerctse�Y by Larxier when the unavaUabNUy of insur'+u�ce is sday due to Lend�'s faNure to remlt
<br /> ,� a mortgape Insurance premtum to the Secretary.
<br /> 10.RNnstat�r�n�r�, Bonower has a Nght to be retnstated ff Lender ha5 requfreoi immediate payment In full because
<br /> # ot Borrower's fail�re to pay an amount due unde�the Note w thls SeCUritys instiument-Thts�M apptles'eve�aite�
<br /> foredosure proceedings are instituted.To relnstate the Secu►ity Instrument,Borrower shall tender tn a lump sum all
<br /> � amounts required to brbng Bc�rcc�er's account cuRent including,to ths extent they are obilgattons of Bonower under
<br /> _ this Security Instrument,torec�Se�s.xe casis and reasor�abte and customary attomeys'fees and expenses propertY
<br />- associated wlth the toredosue pca�eedu►9•Upon relnstatement by Borrower.thls Security Instrument and the
<br /> � obligations that t sQCUres sha�!r�nai�in e�ct as if Lender had not requlred immediate payment in full. Howeve�,
<br /> Lender is nat requred to pertnrt re+nstatement if:(�Lender has accepted�etnstatement aRer the commencement of
<br /> foredosure proceeafings withu�twa years immediately preceding the commencement of a current fareclosure
<br /> � proceeding,(ii)reinstatement w�0 preclude foreclosure on different grounds in the future,or�ifl)relinstatemertit wiU
<br /> = 8dV6tSOly 81T9RI718 prtORiy oi iiin iini vioa�bu uy i�i:o 5.3:.'.»"::�'!t!°2!'�^•"•°-^•L
<br /> — ».BoROw�r Not Reiaisad�F�r.ncs ay�ena.r Na.waiv.r. �ens�on os tr►e stme�aayr.,eR:or
<br />- modi�at�of arr��tization of the sums secured by tht�Security�Insinunent gra�ted by Lender to any successor�n
<br /> = iMerest of Bo►rov�es shall not operate to releaso the IiabGity of the orig4�a1 Borrower ot so�ra+�+e�s s�ess����s��
<br /> � Lender shaU not be requi�ed to commance pror.sedings agalnst any successor ln intere.st or refuse to extend t(me fw
<br /> - PaYment or othe�wlse mod�y amoKizatbn of the sums secured by this Security Iru�ent by reason of any demand
<br /> - made blr the arigir�a!Barrcwe�or Bo►rower's successo+s lo�nierest.Any forbearance by Lender in e�cercWng any ri�ht
<br /> - 9r rernedy shall nat be a waiver of or preclude the exe�cise of any ri9ht or remedy.
<br /> 12 Su�ce�sor�and Assiyns Bound;Joint�nd S�veal Liabil�y:CoSi�n�rs. The covena�rts ar�d a flreemer.ts of
<br /> � thls Security In�tr�rr�ent shail bind and t�enef�the successas and assigtis of Lender and BoROwer,subject to the
<br /> � prov'�sbr�s oi Parag�°aph 9.b.Barrower's covenarns atx!agreements shafi be jolnt and several.My Borrauer who
<br /> - co.sl�ns this Security instrument but doES not execute the Note:(a)is casigning this Secwity�nstrument only to
<br />_ mortyage,yraM and corney that Borrowers interesi in the Propetty under the te�s of this SecuritY Instrument;(b)is
<br />-�� not personally ot�k,�ated to pay the sums secured by this Secvrity Instrument'arxf(c)a9rees that�ender and arey o:.her
<br /> -- Borrower may aqr�ee to extend,modNy,forbear ot make any accommociation's v,+rth repard to the terms of this Secur�tY
<br /> � Instnunent or 4he Pfote wit{lout that Borrawer's consent.
<br /> - 13,Notica�, Any notice to Borrov�rer provided fa in thls Security►risirumeM sha!!be given by delivering(t or by
<br /> = maHinq U by flrst class maY uNess applicable taw requires use of another method.Tt�notice shffiI be directed to the
<br />__� property Address or any oti�er address BoRawer designates by noike to Lende�.Any notice to Lender shall be givon
<br /> = by first dass mad to Lender's address stated herein or any address l.ender designates by notice to 8orroweP.My ndlce
<br /> i`'� provided far in this Secudty In�t shall be deemed to have beer�given to Borrower or Lender when given as
<br /> provided tn th}s Parapraph•
<br /> - 14.Gowmiep Law;Savarability This Security instrument shail be govefned by Federal law and the law of the
<br /> �- (�dk�on in whicN the prpperty is located,in the event that any provlslon or ciause of thls Security InsVument or the
<br />---� Note Cordflcts wiih applk�ble law,such conflict shatl not aifect other provisions of thts Security Instrument or the Note
<br /> � which carn t�e ylven effect wkhaut the conflictinfl provision.To this end the provisions of this Securiiy�nst►ument and the
<br /> "-� Ncte are decfared to tse severabte.
<br />,_.�� 15.Borr�oww'�Copy. Ba-�ower shaU be yiven one conFnrrr�copy a titiis�ecur�y ln�i�um:.r.t.
<br /> ta.Assipnmmt of R�nts. Botrower u�conditlonally assi�ns and Vansfers to l.ender all the rer�s and revenu6s o�
<br /> the Property.Borro�wer atttho►izes Lender or Lender's ageMS to cotlect the reros arxf revenuea arwd hereby dirscts each
<br /> ��' tenant�f the propeRy to pay the reMS to Lender or Lender's agents.However,prior to Lender's notice to Borrowe�of
<br />: � Borrower's lxeach of any covenant or agreement t�the Secu�ity Instrument.Borrower shall cdlect and receNe all re�s
<br /> • and revenues of the Propeity as wstea for the benefit of Lender and Bonower.This a�sipnment of terus consUtutes an
<br />, � � absdute assiynmeM and not an asslqnmeni for addrtlor►al securky onlY•
<br /> If Lender pives not�e of txeach to Borrower.(a)al�rents recetved by Borrower shaU be hold by Bortower as trustse
<br /> }a�of Lender o�ly,to be applied to the sums secured by the Security Instrument;(b)Lende�shau be snt�led to
<br /> cdiect and receive all of the rents of the Property:ar►d(c)each tenant of the Property shall pay all rents due and unpaid
<br /> to Lender or Lender's agent on Lender's written demand to the tenant.
<br /> Borrower has not executed any pHor essignment of the rents and has not and will not perform any act that would
<br /> prevent t.ender from exerc,lsG�9�s rl9hts under this Paragraph 16.
<br /> Lender shall not be req�ired to enter upon.take cont�M�ro�rr�►e fa� do sopa anb time there is a b�c�ach�My�
<br /> breach to Barower.However,I.ender ar a Judicialiy appoi Y Y
<br /> app8catbn of rents shali not cure or waive any defauit or tnvalfdate any other�ight or remedy of Lendor.This
<br /> assignment of rents of the Property shal!terminate when the debt secured by the Security Instrument is paid in fuU.
<br /> FHA NE8RASKA DEED OF TRUST . ~-.'•`�+ 5/�
<br /> ISC/FMDTNE//0fi�1/(5�95}L PA(iE 3 OF 4' '
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