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��, _ _ d . � ------- . T.�=�--- �.�...�...:...�_..:-- ---- —�°�`"'` r�� _=+5�' � ` � - ' ' 9�"� ��I�.?�r� LOAN NO. l 5 3 9 2 1 4 8 8 2 i Idate of tha mor�thly payrtwnts,whkh are referred to In Parapraph 2.ar change the amount of Such paymants. My _ j excass p�cs�aads over an amaunt raqutred to pa�alt outstandin�Indebtedness under the Noto and this Security - Inurumuni st�all be paki ta tho ontity Ioq3ily entnied thcreto. _ • 6.FMS. Lande�may cdlect laea and charpes authorizod by tha Secretary. �.Ground�for Acc�lar�ticn ot D�bt. _ (�)a�f�uft. Lender may,excopt as Ilmtted by requlations Issued by tiw Socretary In tF�e case of payme�it detauits, _ . roqulre Immediate payment in f�dl of all su!ij�secured by thi�S�CUr.Zt�nstrument If: _ � (!)Bturowar defaults i�y faltUtiq te pay In fuil any mot�thly payment raqulred by thls Sscurity Instrument prla� . �' to ar on tha due date d the next mor,ihlY PaY+�.� � Iiq Bonawer dafaults by faYlnp,tor�periaJ of thGty days,to periorm any ather obil�atlons coMained in thls _ Seaurity In�trument. = (b)SaN WNhout CradM Approv�l. l.ender shall,H pe�mitted by appllcable law a��d with the priar approval of the = $eCtetary,reyulre immedlate payment fn ful!ot all the sums sacured by thl9 Security Instrument If: , (I)All or part of the Pro�eny,w a beneilc�al interest In a trust owning all or paR of the Property,is sold w � ' othenailse transierred(Wt►er than by devise or descent)by the Borrower,and (II)The Praperty ts not occupled by the purchaser or�rantee as his ar hor principal residence,or the = i purchase�or grantee does so occupy the Property but his or her credit has not t�een approved in _ accordance wtth the requttements of the Secretary. _ + (c)No w��ver.If c(rcumstances occur that would permit Lender to require Immadiate payment in full,but Lender = daes not iequlre such payments,Lender does not waive�s rights wfth respect to subsaquant events. _ � (d)Rs�ulatinns of HUD Sscreiary. In many c(rcumstancr�s regulatloris issued by the Secratary w�ll Ilmft L�nder's - .i �ights, in the case of payment defaults,to require Immediata payment in full and foredose if not paid.Thls Security InstNment does not authorize acceleration or torsclosure ff noi perm�ted by�egulatlor�s of the Secretary. (e)�tat9a�e Not Insured. BoRawer agrees that should thts Securyry Instrument and the note securec!thereby not be eligible for insurance under the Natlonal Hautng Aci within s o D A Y S from the date hereof, Lender may,at it�option and notwfthstanding anything in Paragraph 9,�equire tmmediate paymenc ic�fu11 oF a[E sums secured by thfs Ser.urity Insi.rwneru.A written statement of any autharized agent of the Secretary dated -,� subsequent to s o D A Y S irom tha date heceaf,declining to i�sure this Security Instrument and the note secu�ed thereay,shall be deemed conclusive proof of such i�el�jibAity.Notwithstanding the foregoing,th's optbn may not be exercised by Lender when the unavailabiliry of i�surance is sdely due to Lender's failure to remit _ a matgage t�;c3nce premium to the Secretary. � 10.R�tnstat�mern. Borrower has a right to be reinstatad if Lender has rgquired imme�iate paymQni in full because of Borrower's tailure to pay an amount due under the Note a this Security Inst�ument.This rlght applles even after - foredosure proceedings are instkuted.To reinstate the Security Instntment,Borrower sF�l tender i�a lump sum all - amounts required to tuing BorrowePs account cuRent induding,to the extent they are obligations of 6onower under = thts Securiry I�strument,foreclosure cosis and reasonabte and customary attomeys'fees and expenses pro�iy - associated with the foreclosure prxeeding.Upon relnstartement by Bwrower,this Security Instrument and the : obligatiats that it sectues shall�emain in effed as if Lende�had not required immediate payme�i in fuil.However, - Lender is not�equked to permit�einstatement if:(1)Lender has accepted retnstatemeni after the canmencement� - foreclosure proceedings within two years immedlately preceding the commencement of a current foreclosure - proceeding,(i�relnsiatement w�l predude foredosure on different grou�ds in the future,or(iii)teinstatement will _� adversely affect the prioridy of the lien createti by this Security Instrutne�i. � 11.Ba(t01ANf NOt RliMi00;tOrDiirlTlCO Oy 1..l�Or i�i0i i�iiiiv�. cxi�n�iun c�i i'i►e iiiiw Oi�y�i��n vT ;__� modiReatlon of amortization of the sums secured by this Security Instrumen2 granted by Lender to any successor in _- i�erest oF Borrower shatl not operate to release the Iiability of the original Borrower or Barrower's successor in lnce�si. -- Lende►r shall not be required to commence proceedi�gs agatnst any successor(n Inierest or refuse to extend time for = payrnent or otherwise modify amortizatbn of the sums secured by thu Security Iru~trument by reason of any demand _ made by the ori�inal Borrower o�BoROwer's successors in tnterest.My forbearance by Lender in exercisin�any riyht — or remedy shaU not be a watver of or predude the exercise d any�ight or remeciy. = 12.Succ�ssors and As�3gns Bound;JoiM�nd S�v�l UaWt�y;CoSqners. The covena�s and ayreertseMS d _— thls Sec.urity InstnuneM shall bind and be�efit the successors ant!assigns of Lsnder and Borrower,sublect to the _= provisio�of Paragranh 9.b.Borrowe�'s covena�s and agreements shall be joint and several.My Borrower who co-signs this Security Instrument but does�wt execute the Note:(a)is co-signing this Securlty Instrument only to mortsage,9rant and convey that Borro�er's interest in the Property under the te�ms of thts Securiry InsWmeM;(b)Is not persor►�yly obligated to pay the sums secu�ed by this Securiry Instrument;and(c)agrees thai Lender and any other — BoROwe��nay agree to extend.modify,forbear or make any accorrunodatlons wrth re9ard to the temu of this Securdy 1 nstrurnerrQ or the NoQe w�hout that Borcower's consent. -� 13.Notic�s. My notice ta Borrower provlded for in this Securiry Instrument shall be given by delivering it or by �; mailtng�by ftrst class mail un�ess apptkable Iaw requires use of another method.The notice shatl be di�ected to the _�� Properry Ad�iress or any other address BoROwer deslgnates by notice to Lender.My notice to Le�der shall be given � by first dass mail to Lenders address stated herein or any address Lender designates by notice to Borrower.Any notice �� provided for In this Security Instnuneni shaU be deemed to have been given to Borrower or Lender when given as � Provided in this paraflraph. - 14.Govemirg I.aw;Seve�biliiy. Thts Se�rity Insirument shall be govemed by Federal law and the law�the � jurisdiction in whkh the Property is locatecf.In Yhe eveM that any provlsion or clause of this Security In�rument or the .�� Note ca�fli�s with ap�licabte law,such conflict shall noc aifea aher pravlsions d this Security Ir�stniment or the Note whlch can be given eHeet wtthout tize coMicung provision.To thls end the prov�slons of this Security InstrumeM ar�d the hote are decla�ed to be se�terable. .:j.:=� 15.��rower's Copy. Borrower shal!ba gNen ane coMormed capy af this Secur'sty InstrumaM. _;�� 16.Asfipnm�M of ReMs. Borrower uncondit'wnally assigns and transfers to Lender a11 the rerits and revenues of the Property.Borrower authorizes Lender or Lende�'s agents to cdlect the rentss and�evenues and hereby directs each �'� tenar�t oF the Prapercy to pay the rents to Lender or Lender's agents.Nowever,prlor to Lenders notice to Borrower of ; � Borrower's breach of any covenar�t or agreement in the Security Instrument,Bortower shaU cdlect and receive aD rents � and reve�ues of the Property as trusiee for the benefR of Lender and Borrower.This assignment of reMS constitutes an absdute assignmerri and not an asslgnment for adddbna�security onfy. � If Lerxler gives notice of lxeach to Borrower.(a)all rents received by Barower shaU be held by Borrower as tnutee � for benaf'rt of Lender only,to be applied to tho sums secured by the Security Instrument;(b)Lender shaU be entitled to ' cdlect and receive aZl of the rents of the Property;and(c)each tenant of the Property shall pay all rents�ue acid unpaid _ to Lender or LendePs agent on Lenders written demand to the tenant. 1 Borrower has not executed ary prior asslgnment of the rents and has not and wi�noi perfwm any act that would - I prevent Lender from exerclsing its rights under this Paragraph 16. - °� Lender shalf not be required to enter upon,take contrd of w malntain the Properry t,efore or atter giving notice of breach to Borrower. However,Lender or a judlcially appointed receive�may do so at any time there Es a breach_Any � appiicatbn of rents shall not cure or waive any default or invalidate any other right or remedy of Lender.This assignment of rents of the Property st�aU temninato when the debi secured by the Security Instrument is paid in fuq. FHA NEBRASKA DEED Of TRUST 5/�S : I ISC/FIIADTNE//0697!�595)-L PAGE 3 OF 4 � � _.._..-� --__........_..�� --�,.,. :--� - `