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<br /> � ' � ����1�2 LOIW NO. 1 5 3 4 2 1 4 B S� -
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<br /> ` 1,�ymant ot Princip�9�lnt�r�t srxl Lat�Cl�arpe. Barowar st�►i PaY whan dufl tho princlpal d,and Ir+torest on. _
<br /> °! thv d�bt evkienced by the Nota arxi lata ch�rges dua under the NMa. ��
<br /> ; 2.Illo+�thty P�ym�nta of T�xa,:nwnnct,pr�d a9he�CQ�ar��s. Borrower shatl Includo tn each monthly �`
<br /> i paYmant,tcyether wuh ma Fxu�:i�1 a��Ini�.�':���°Z��!^Iha Noto and anv lata char�es,a sum for(a)taxes and �
<br /> ments ar round rents on ine
<br />� � spoc�a!assessments levled or to de lavled o�alnst the FrapeKY.(b)leaseh�id pa►Y 9 _�
<br /> I Proper�y,and(cj pr���ums!or lnsc�rance requlreci urxier Paraqraph 4.In any year In whlch the lender must pay a _
<br /> + �t re lnsuranca premlwn to the Secretary of Hauslnp ar�Url>a�Qcvolapment('Secret�ry"),or in a�n n`�jl also��h �
<br /> � such�p�emtum�rouid have i�aen�a�ulrad!f!.^'�der stNl heid tha 5acurtry f nslrument,eaCh monthlY I�Y =
<br /> Uclude e�her.(i)a sum for the annua!mat�aye tr►surancep�emlum to be patd by Lender to the Secretary,or pq a � ^.
<br /> moi�t�iy ciiarfla insiaad o!a moRgag�Insu�ance pren�lum N lhis Security Instrumant Is heid by the Secrotary.in a
<br /> . � roasonaWe amount to be datermined by the Secretary. Except for the mcu�thly charfla by the Sacretary,tt�ass ttems _T
<br /> � are caUed"Escrow Items'arxl tho sums pald to Lender are cal�ed'Escrow Furxis' -
<br /> Le�der may,at any time,collect and hoid amounts ior Esc�ow Items In an agyregate amount not to exceed tho
<br /> maxirtwm amount that may be raqulred tor Bwrower's escrow��2A CFR P n 83 OR ag th8y m�ay h�e emefSded frrom �-
<br /> Act of 1974,12 U.S.C.S 26Q1 et seq.and Implementing regWa
<br /> tlma to Ume("RES°A'),excapt that the cus eioi are avaUahle I� he accounS may not be jCbas�ed on amow'►t due fw the �=
<br />; f disbursements tiefore the Borrower's pay
<br /> mortgage tnsurance premium. �_�`_
<br /> If the a m o u n t s h e l d by L.e n d e r t o r E s c r o w I t er��s oxceed the amounts permitted to he hetd ny RESPA,Lender shall �_.__
<br /> deal with the excess!unds as requked by RESPA. If the amounts of funds held by Lender at any t i m e e r e n o t s u ff i c i e n t
<br /> ' t�o�e Escrow Items whan due,Lender may n o t l f Y t h e B o r ro w e r a n d�e quire Barower to make up the shortape or �
<br /> - L ._ g Y a.nrarmitted bV RESPA. -�-
<br /> � � The Escrow Funds are ptedged as additlona�secu�iiy for aii sui�is sa�u��5Y th,�S r'a'�;'lnsti±'rr�'nt. If Borrower �
<br /> tenders to Lender the full payment of all such sums,Borrower's accaunt shail be credUed with the i�alance remaining �_
<br />`h tor all(nstaltment items(a), (b),and(c)and any mortgage Ins�rance premium instaliment that Lender has not become
<br />�� � � obllQated to pay to the Secretary,and Lender shall promptlY refvnd any oxcess funds to Borrower. Immedlateiy p�ior to �.:
<br /> � r a f�ra::os:�ra s�!e of the Property cu Ks a uisition by Lender,Borrower's account shall be credited with any balance �
<br />�s� �t�ing for all Installments far items(a)�b),and(c). �8�2���a��by Lender as fdlows:
<br />� 3.Appqcation of P�yrtunts• A11 payments under Paragraphs
<br /> �'�� 'FEr^, T to the martgage insurance premium to be patd by Lender to the Secretary or to the monthly charge by the
<br /> �`j Secretary instead oi the monthly mortgage tnsurance premium: !
<br />_, �,to any taxes,special assessments,�easahdd payments or qround rents,and fire,flood and other hazard
<br /> Insurance premiums,as requlred;
<br /> r� THI to inte�est due under the Note;
<br />� F�URTH,to amortizatlon of the principal of the hote; -
<br /> I�lj,to late charges due under the Note.
<br /> .� 4.Fire,Flood�nd Other Hauod�n=unnce. Borrowor shall insure all im�xovemenis o�the Property,whether
<br /> �. now In existznce or subsequemlY ere�-�ted,a9ainst any hazarcls�casuaities,and contingeacies,inctuding fire,for whlch
<br />�� Lender req�es�nsurance.This ir�nce sF�al�be matntained in the amounts and for the pe►ieds ti�at Lender reqcJires.
<br /> •; Borrower sl�ail also insacre all improvements on the ProgeRy,whether now i�existence ar subsequently erected.
<br />:��„ agalnst toss by floods to the exteru requi�ed by the Secretary.I0.II tnsurance sha11 be carHed wfth compa�es approved
<br /> by Lender.The insurance poltcles and any re�ewals shall be held by Lender and shall Indude loss paYabie clauses In
<br /> ��-`��.� isvvr uF.:s�R,i��s�wTn�wr:'.^..1str,i gnriia�.
<br /> .�---u_�'
<br /> :� • In tt�e event of loss,Borrower st�f gfve Ler�at immediate notice by ma0. LenQe�rr�y make proc�w�v�����•,• __
<br />_� made prompdy by Borrower.Each ir�urance company concemed ls hereby autho�ized and dfrected to make paymen!
<br /> ,� for such loss directly to Lender.Ins'.�d of to Bortnwer and to Lender jofntty.Ail or any part of the insurance prxeeds
<br /> may ba appited by Lender,at its opt�an,either(a)to the reduction of the indebtedness under t�ote a�th i��ecurity
<br />°� �nst�ument,flrstto any delinquent amcwnts applied in t a�ai�icat on of the�proceedsto phe pn'ncip3l sha0 noi ��(
<br />"'�� (b)to the�estoratbn w repatr of the tiamaged praPe►'h►• Y ,�P
<br />;� . e�der�d or postpone the due date af the monthlY PaYme�s w are reteRed to tn Paragr,,.�h 2,or change the amou�u
<br /> d�h pa�ts.qny excess inscuance proceeds over an a�nt requlred to pay all outstandin9 indei�tedness u�der
<br /> the Note and this Sectu�y���t���Pa�to the entity�e9allY ent�ded thereto.
<br />�= In the event of foredosure of this Security Instrumeat or other transter of tide to the Property that e�ingulshes the
<br /> � tndebtedness.all�lght,ti�e and Irsterest of Sorrower In and to insurance pa�cies in fatca sha!!pass te*.hepurchaser. _
<br /> � � 5.Occup�ncY�Pros�vation.�airttarunc�and Prot�etian otthe PropaRy�Borrower's l.oan Appitcation: —
<br /> __-- :.�,:�:;.:,;;.:. Ba:-��fs�_h�!•,�=c�_ay,establish.and use the Property as Borrawer's principal residence wwithin shdy daYa
<br /> after ther executbn of this SecuMY[nstrumeM and shall continue to occupytne r�ropor:y as�o�r�owar's p��s:.��a:
<br /> � residence for at least one year after the date of xcupancy,uNess the Secretary determines thls requi�emeM will cause
<br /> '� undue haPdshlp for Borrawer.or untess extenuating circumstances exist which are beyond Borrower's contrd.Borrower
<br />,e�,�.��, sha11 notify Lenders of any extenuating circumstances.Borrower shall noi commit waste o�destroy,dama9e o►
<br /> :� substa�ialiy change the Propeny►w a►�ow►the Property to deteriorate,reasonable wear and tear excepted.Lencier may
<br /> tnspect the PropeRy If the Property�s vacant or abandoned cr the loan is in default.Lender may take�easonabte actian
<br />{ to protect and preserve such vacant or abandcmed PropenY•Bonawer shall also be in default'rf L'orrower,during the
<br /> loa�applkation process,gave materially fa�se or inaccurate infom�atan or statements 4o Lender(or faGed to provide
<br /> Lender with any materiai i�omiatlon)fn connection wfth the loan ev(denced by the Note,Indudi�g,but not Umited to, �
<br /> r representatbns conceming BoROwer's occupancy of the Property as a princtpal residence.If this Security Instnunent 1s
<br />;� of the lease.If BoRawer acgulres fee titie to the Propeny►,the
<br /> on a leasehdd,Bortawer shall comply with the pravislo�s
<br /> s.'�� leasel'�o�d and fee tide sFtiaU not be merged unless Lender agrees to the merger in wr'R'�ng.
<br /> f 8.Cfw+s�s to Bo�srower and Protection of L.ondw's Riyttts In ths Ptoperty. Bo�rawer shall pay aU govemmental
<br /> : ,a� , ar munictpat charges,finas and Impos�ians that are noi Induded in Paragraph 2.BoROwe�sha!!paY these obligations
<br /> on time direcUy to the entiry which Is owed the paymen4.li 4aAure to pay v:ai:ld:.dv°r�r:�y affect Le!!d�x's interest in trie
<br /> T�.. prc�erty.upon Lender's request Borrower s1tia�1 prompUy fumish to Lender�eceipts evidanctng these paymentss.
<br /> if Bartower fails to make these payments or the payments requl�ed by Paragraph 2,or fails to perfom�any other
<br /> ' covenants and agreements contained in this Security In�rument,or there is a legal proceeding that may signii'x�r�ly
<br /> > affect Lecxier's rights U the Property(such as a proceeding in bankru�tcy,for condemnation or to enforce laws or
<br /> "° ' ; regulatio�s).thon Lender may do and pay whatever is necessary to Protect the value of tF�e Properry and�-e�der's
<br /> � . �hts i�the Property,including payment of taxes,hazard i�surance and other items mentioned in Paragraph 2.
<br /> � Any amounts ulsbursed by Lender urxlar this Paragraph shat�become an additbnal debt of Borrauver and be
<br /> . secured by this Security Instrume�ii.These amounts shall bear interesi fran the date oE disbursemen�at the Note rate,
<br /> and at the optbn of Lender.shall be immediaiely due and paYahta.
<br /> 7.Condemnatlon. The procesds of any award or cla;m for damages,direct or consequential,in connection with
<br /> a�y condamnation a other taking of any part of the Property,or for conveyance in ptace of condemnation,are hereby
<br /> assigned and shall be paki to Lender to the extent of the fuU amount of the indebtedness that remains unpaid under the
<br /> Note and this Securiry Instrument.t.ender shall appty such procesds to the reduction of the indebtedness underthe
<br /> Note and this Securiry Instrument,firsi to any deUnquent amou�ts applied in the order provided in Paragraph 3,and
<br /> then to p�epaymerrt of principal.Any aAp�ic3tia�of the pro�eeds to the principal shati not extend or postpone the due
<br /> �
<br /> FHl1 NEBAASKA OEED OF TRUST 5/45
<br /> • ISC/FRA�TNE//06�1/(rr95I-� PAGE 2 OF�
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