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<br /> I .` Q�� ��3U�� LOAI�NO. 1 5 3 9't 1 4 B�9
<br /> ,� t,Psym�nt of Prl�clpal,Intarast�nd Lat�Chup�.Barrowar shaU pay when due the princlpal of,ancl interest on. =
<br /> the debt evldenced by the Note and late charges due urxier Ihe Npte.
<br /> 2.�aMhly Psymer�ts of 1�x�:�InsurinC�.t�nd 6iPwr Ci�'y��c. 6a�o�ar sha111nsiutfo In each monthl}� `_
<br /> paymoni,to�othor wEih the princlpa!and lnterest as set iorth In the Note and any late charges,a sum far(a)taxes and �,
<br /> special assessments levk�cl o:to ba leviad agafnsi the Prop�rty,(b)leasehald paymenta or pround rants an thv �
<br /> Propeny,and(C)premlums tor lnsurance requlred undsr PAraqraph 4. In any year I�whlch the Lender must pay a
<br /> moRqa�e inswance p�em(um to the Secretary of Houslnp arxl Urb�an pavelopment('Socretary"),or in any year in wh�h `
<br /> � suchpremlwn wauld hava baa�required N Lender s2iU heid the SeCUrity�nsttument,each montMy payme�t shall also r
<br /> Inctuda e�ha�:(I�a s�m for the annua!mortga�e tnsu�ancapramlum to b�pakl by Lerider to tha Secretary.or tii)� �
<br /> maruhty charge lnsiaad af a mortg$S3e k�surar�ea pren�tum�this Sacuriiy Insirunzent Is held by tha Socretary,In a
<br /> � reasonaWe amount tc be datarrnlned Dy the Secretary. Except for the monthly ch�r�e by the Secratary,tttiese aerns
<br /> � asQ calted'Escraw Itema'and the sums�saki to Lendar are cailed"Escrow Funds.'
<br /> Lerxier may,at any time,coilect and hold amounts tor Esc�ow Items in an ayflregate amount noi to excead tha �
<br /> maximurn amou�i that may be requked for�rowa�'s escrow accouni under the Real Estate Settleme�t Procedures �
<br /> A�K of 1974,12 U.S.C.$2601 et seq•and tm�lementing�egulatlais,24 CFR Part 3500,as they may be amended trpm �
<br />- time to tlme('RE3PA`),except that tha cushlon or reserve permEtted by RESPA tor unant�ipated dlsbursements or �;
<br /> disbu.���ts before the Borcower's payments are avauable in tha account may not be based on amaunts due tor the �_
<br />� mort9a9e InSUran�e preinium. _-
<br /> If the amounts held by Lerider for Escrow Items exceed the amcwnts permitted to be held by RESPA,Lender sh�all r
<br /> deal with the excess funds as required by RESPA. If the amounts of fur►ds heid by Lender at any time are not sufficlent �.-.
<br /> topay the Escrow Items when due,Lender may notify the Borrower and require Borrawer to make up the shortaqe or �;
<br /> deflciency as pt�rmitted by RESPA. =-
<br /> The Escrow Funds are pledged as addttlonal security for all sums secureci by this Security Insinimeni. ff Borrower ��_
<br /> tcnd�rs to Lendar the full payment of ai!such sums,Bor*rwer'c acccuint s h a l l b e c�e d d e d w d h t h e b a l a n c e r e m a l�i n g _
<br /> for all instal(ment items(a),(b),and(c)and any matgage fnsurenae premium instaliment that Lender has not become =-
<br />_l� obligated to pay to the Secretary,and Le�dar shall promptly refund any excess funds to Boerower. Immedtatety prior to �
<br /> a fo�eclosure sale of the Property or its a uis�ton by Lender,Bonower's account shall be cred�ed wiih a�nY balance -
<br />_� remalning iw all(nstalimenis for Uems(a)�b),a�d(c). R
<br /> 3.Appllcatlw�o!Payme:�ts. A!!payments under Paragraphs t and 2 shal!be appllod by Lender as fdlows: _
<br /> ,:,� FI T to the mortgage ir�surance premtum to be paid by Lender to the Secretary w to the monthly charpe by the !
<br />- Secretary Instead of the monthl;r mortgage tnsurance proinfum; ��
<br /> - SECQND,to any taxes,special assessmenis.�easehdd payments or ground rents,and fire,flood and oiher hazard =
<br /> -+ insu�anae premiums,as requlred; _
<br />�;`, THIRD,to Interest due under the Note; �
<br /> ` FQURTH,to amortizatlon af the principal of the Note: —
<br />- FIFTH,to late charges due under the Note. _
<br />� 4.Fin,Flood and Oth�r Hasard Insur'ance. Borrower sha?1 insu�e all Imptovements on the Property.whether _
<br /> R now tn exlsience or suktseque�tiy erected,aga(nst any hazards,casualties,and contingencies,including Hre,for wh�h
<br />'�- Lender requires Insu�-�.�re.This insurance shali be malntatned tn the an�ounis and for the periods that Le�der�equkes. -
<br /> - Bwrower shatl aiso i�s�a!1 tm�ovements on the Property,whether now ire existence or subsequer�U,►erected, -
<br />� agak�st loss by floods to the extent requlred by the Secretary.All lnsurance sfiall be car�ied wdh compantes approved
<br />'�-. by Lender.The insuraace pdicles euid any renewals shatl be held by Lender and shaU in�ucie loss payabie dauses in
<br /> favor of,acK6 i�a form accePtabte to,lende�.
<br />�- In the�oF[ass,Borrower sF►all give Lender immediate notice by r.►aii.Lender may make proof of toss if not
<br />�. ...,����►,y gr�rwwx.Ea�:h insurance comnany concemed is hereby authorized and directed to make payment _
<br />— for such lasa dlr�ctiy ta Leruiar,Instesd of to Bcrr�ver and to!ender jointty.A!I or any pa�t of the in.surar�ce proceeos _
<br />.� may be a,pp�ied by Lsnder,at its option,e+ther(a)to the reduction of the i�debtedness under the Note ar�d this Security
<br /> � Instrument,f'rst to any delinquent amounts applled in the order in Paragraph 3,and then to prepayment of princ�pal.or
<br /> (b)to the�estaatia►or�epalr of the damaged propert5►•AnY aPpllcaUon of the proceeds to the principal shall not
<br /> � e�der�d or pos�one tP�e duo date af the monthly payments which are refeRed to in Paragraph 2.ar cFtiange the amount
<br />� af such paymerKs.Any�excess tnsurance proceeds over an amount required to pay aU outstandin�indebtedness under =
<br />� the Note and tMs Secu�tY Instrument shall be paid to the entiry legally eniiti�d thereio. ._
<br /> — in the e�cert of foredosure of this Security Instnrment or other transfer of t�tle to the Property that extingulshes the
<br />= tndebtedness,al!rkjht,ti�e and IMerest of Borrower in arxl to insurance pdicies t�force shal!pass to the chaser.
<br /> — 5,pccup�ncy�Prawvation.Yaintanance and Probction of ths Pro�ty;Borrower's l.an�tion;
<br />— L„e�s�hoids. Borrow�e�shall occupy,establish,and use the Properry as Barower's principal residen�e within si�y days
<br /> aiter the executlon of this Secu�ity Instnime�t and sha11 co�i�ue to occupy the Praperty as Borrowe►'s pNncipal
<br />� � �asicie�ce tor at least wtia yaa;�is:the dste a�'axt�xsr,ry���:rJsss!hs S�setrry dsi�m(ne�ihis re�!�rem�e�nt w�!caus� _
<br /> � � undue ESacElship for Borrower,or uNess extenuating cl�curtuiances exlst whkh are beyond Borrower's contrd.Borrower
<br />� stiall notlfjc Lenders of any exte�uaii�g cErcumstances.Borrau��er shatl noi commit waste o�destroy.damage or _
<br /> � substanKalty change the Properry or aitow tha Property to deteriorate,reasonable wear and tear excepied.Lender may
<br /> � inspeM the PropeRy ff the Property is vaca�t er abandoned or the loan is in dQfauft.Lender may take reasonable actlon
<br /> �= to protect and preserve such vacarrt or abandoned Propeity.Bort�awer shau also be tn default if Borrower.during the
<br /> �oan appOcation process,gave matedalty fafse or inaccurate i�amatbn or statemer�ts to Lem,ier(or fa3fed to provide
<br /> � Lender wnh any materlal tefortnation)U connection with the loan evidenced by the Note.induding.but not Iimited to,
<br /> representation.s conceming Barower's occupancy of the Property as a principal resldence.If this Security Insirument is
<br /> � on a�aasehold,gorrower shaU comply wfth the provistons of the lease.if Borrower acquires fee tide to the Propeity.the -
<br /> � tsasehoid arxi fee title sftiall not be merged unless Lender agrees to the merger in writing.
<br /> 6.Ch�q ta Bo�rowK and Protectlon ot tsnder's RiQMs in the Propwty. Borrower shau pay aU govemmentat
<br />;�� or mwudpal charges,flnes and impositians that are not included in Paragraph 2. Borrower shali pay these obligations
<br /> on tlme dlrecqy ta the entity which ts owed the payment.If tailure to pay woutd adverseiy affect Lender's interest in the
<br />: � Pto�erty upan Lender's requ�st Borrower sha!!pram�tiy fumish to Lender receipts evidencing these payments. _
<br />-,- If�orrower fajts to make ti�ese paymen4s or 4i►�ua �� ���rec�u�rad by?arag�a�'�2,a��s ta psrEorm aay otterr
<br /> covertiants and ayreementss conta�ned M this Security Insuumera,or there is a legal prc+ceeding that may sign'rficarWy
<br /> affect Lender's rights In the Property(such as a proceeolinp in bankruptcy,for cor�demnatio�or to er�force laws or
<br /> r utatbns).then Le�der may do and pay whatever is necessa►y►to protect the value of the Property and Lencie�'s
<br /> ri�tts M the PropeRy.induding payment of taxes,hazard i�surance and other items mer�tioned in Paragraph 2.
<br /> My amou►us disbursed by Lender�cnder this Paragraph shall become an additional debt of Borrawer and be =
<br /> sectued by this Security InsVument.These amounts shali bear interest from the date of disiwrsement,at the Note rate.
<br /> and at the optbn of Lender,shali be tmmediate(y due and payabie. _
<br /> 7.Condannatlon. The proceeds oQ any award ar daim for damages,d(rect or consequentlal,In connection with _
<br /> any condemnatbn or other taking of any part of the PropeR}I,or for carveyance in place of condemnation,are hereby
<br /> j assigned and shail be paid to t.ender to the extent of the fuU amount of the indebtedness that remains unpaid under she =
<br /> � Plote and thls Securiry Insirument.Lender shall apply such proceeds to the reduction of the indebtedness under the
<br /> ' Note and this Security Insirument,flrsi to any delinquent amounts appiied in the order provided in Paragraph 3,and -
<br /> then ta prepayment of principal.Any applicatbn of the prceeeds to the principal shail not extend o�pastpone the due
<br /> FHA NEDRASKA DEED OF TRUST s��
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