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�� -- ��=_ '� - . -.. _ ---_«,� �s +..� �.�: r�.r'r�• --- -- -- — -- - - -- _ _ . ._�.�___ y� � _ _ __.. .-_- __-_ — . . . .____ . _. . -- - - � �- . � • 9� ��)�19'+�i LOAN NO. 1 5 3 9 2 1 4 8 6 6 — date o�the monthty payments,whlch ara referred to ln Paragranh 2,or chanye the amount o!such payments. Any j excess procaeds ovet an amauni roquir�d to pay a►1 outstandlnQ Inclebiedness under the Note arxi this Security = InK:urr.�!et+�.4��a�tc+tlw ar►ttty Iagally eni�led thereto. ` e.��w. Le�de�may cdlect fees and chargos authorited by tha Secretary. � 0.Cro:snda tor Acalantlon of D�bt. � (e)Oatault. Lender may,except as Ilmfted by�e�ulattons Issued by the S•xretary fn the case o!payment defaults, requlta immediate{,ayn�;��i to�wt�`�!surtss sacurtxii by th!:5e�urily InstrumeM il: � �o�oBr�orri�herd��u data a thei�na t�tsiy pay'mYe.*�t�,ar�y�y�f��red by thls Sacur�y Instrument prbr � � (Il)Borrowar detaults by fa01r►�,to�a perlod of thlriy days,to peKorm any other obtt�ations co�talned in thls _ $ecurity Instrument. b( )Sale Without CredR Approval. Lender shail,if permltted by applicaWe law and with the prior app�oval ot the � �ecretary,requira immooliate payment(n full of all the sums secured by this Securfty Ir�strument if: (I)A!1 or paR of tho Property,or a baneficial Interest in a tr�st owning all or part ot the Property.Is sold or _ othervvise transierred(other than by davise or descent)by the Borrower,and _ - (il)T he Propeny Is not occupled by the purchaser or grantee as his or hec principal reskience,or the -- purchaser or grantee doss so occupy the Properry but hls ar her c�edd has not heen approveti in _ ' accordance wtth the requlrerne�ts of the Secretary. (C)Na W�iver.If cfrcumstances occur that would permit I.ender to requlre immediate payment in fu11,hut Lender _ does not require such payments,Lender does not waNe�S rights with raspect to subsequent eve�ts. (d)Rs�ul�tlons ot HUD Secretary. In many clrcumstances reguiaiio�s issutxi uy i��a S�.�a�.ry•h��tlr'rstt��rw�s's �ights,In the case of payment defautts,to require immediate payment in fu11 and foreclose if not paid.Thls Sacurity In.tntment doas not authorize acceleraUon or foreclosure i� not perm�ted by regulations of the Secretary. (t)�Aortyaye No!Insurati. Bo�rower agre�s that shoufd this Securiry Iastrumeni and the nc�t4�secured thereby noi - ha ellgtbla for lnsurance under tho Nationa9 Koustn4 Act wfthin s o D A Y S irom the date hereof, Lender may,at its optlon and notwfthstanyln9 anything in Paragraph 9,requlre immed�ate pa)ment in fuil�f a�l - sums secu�ed by this Secuc�oastrurnent.A written statement of any authorized aqent of the Secretary dated subse:;uent to s o D A Y S from the date hereof,decllning to insure th3s Security Instrumeni anc�the note secured t�nereby,sh3:b�2 deemed condusive proof of such i�ellgibility.Nnt��:hstanding the toregan�,this optlon may ne3 be exercisa�i by Lender when the unavallabil'dy of ir�surance is soteiy due to Lender's faUure to remit a mortgage�nsixanca prertwum to the Secretary. 10.R�instat�sw+�t Borravc�ar has a rigt►t to be rei�►stated ff I.ender has required Immedlate payment in full because � of Borrawer's taiture to pay an amaunt due under the Note orthis Securiry Insirume:it.Thls�1gM appiies even aRar forectoseue�xoceed�ngs are tnstduted.To�einstate the Security Instrument,Bor�ower shail tende�(n a lump sum all amour�ts requtred ta bring Borrower's account curtent induding,to the extent they are c,bilgations of Borrower w�der this Secu�ity Instrt�mant,foreclosure costs anci reasonable and customary attomeys'fees and expenses pr y asspciated with the foteclosure proceed�ng•Upon reinstatement by Bortower,thls Securiry Instntment and t obllqaiions that ft secures sttiall rematn tn effect as ff Lender had not raqui�ed tmmediate payment tn full.However, Le�dar is not requtred to pem�Et reinstatement if:(i)Lender has accepted relnstatern�nt after the commencern�t of foreciasure p�oceedings within two years Immediateiy pre��ding the commencement of a current foreclosure �_ .�� __�_ .....a�...r,.��.�lnc��►o�rlikarant n�dlnds If1 tl'Ieft�UtA.Or(li1)f@IRSt8t8ii18�1YiU (.11N1.1lelN�la�luy�oN�wtwTiv..•.... _ adversety affect the(xbrity of the�ien created by this Security Instrumont = 1 t.Barroww Not Re{sta�d;ForbMrance by Lender N�t�W�iver. Extension of the time of payment or — modiRcation of amortizatlon of the sums secured by this Security Instrument granted by Lender to any successor in inte�esi of Borrower sha11 not operate to reiease the liabbiry of the original Borrower or BoROwer's successor tn ir►terest Lender shatl�ot be required to commence proceedings agalnst any successor ln inte�est or refuse to extend time for paym�t pr p4herwise modUy amortizatlon of the sums secured by this Security Instrument by reason of any demand — made by the original BoROwer or Borrower's successots i��erest.Any forbearance by Lender in exercisln�any rlyht — or retnedy shaU not be a waNer of or predude!ho exercise d any�ight or remedy. 12 Succasors and Assi�ns Bound;Joint a�d Swsnl LJabUity;Co-Si�ners. The covenants and agreements of = 4i�1s Securiry Ins2:umsnt sha!!bind arxi benefitt the successors and assigns of Lender and Borrower.subject to the � provis{ons of Para�raph 9.b.Borrowers covenaMs and agreements shall be Joint and several.Any Borrower who � co-signs this Security Instnunent but does not execute the Note:(a)is casigning this Security Instrwnent oNy to � mq�t�age,gn3r,i a;�ci��val�hai�ra�:sr's i:�lc:�st'n the Prop�+!iy�!nder tha terms of thls Security Instrument;(b)ts � not personaify t�bligated to pay the sums secured by this S�ecurity Instrument;and(c)agrees that Ler�der ancf any other � Borto�+ver may agree to extend,modifyr,fofiear or make any accommodaUons w�h regard to the terms of thls Security ] Instrcunent or the Note withoui ttiat Borrower's consent .� 13.Notk�s. My notice to Borrower provided for in this Security Instrument shail be given by delivering It or by � mailing�by ft�st dass maU uNess aPP�icab►e law requires use of another method.The notice shall be dkected ta the � propeny Address ar any other address Bar�ovaer desiynates by notk:e to Lender.My noUce to l.ender shaU be fliven by first dass mail to I.e�der's address stated hsrein w any address Lender deslgnates by notice to 8orrower.My notice p�rided for in this Securit�tnsVUment shall be deemed ta►have been qiven to BoROwer or Lender when ghren as -� ptovided In thls parayraph. fq,Go��p Vw;Sev�abi�ty. This Secwiityy Instrurt�e�t sha11 be govemed by Federal law and the law of the �� iurisdktiot�i�which the Property Is located•I n the evern that any prov�lon or clause of this Security Instnuneni or the ;� TVote co�;icis with appiicabte taw,such conflict shall not affect oiher p�avislons_of this Security Instnunent or the Note w#ilcl�can be gi+ren effect wiihotR the confllctin9 Provislon_To thls e�d the provislons of thls Securiry Insirument and the - hiote are decisrtiai 4u�e s�rarabie. 15.Bomoww's Copy. Borrower shaA be gtven one cord��rmed copy of thfs Securd}r Instrument. 16.As�nrrfe�t of R�Ms. Borrower unconddior�aUY assi9ns arxl transfers to Lsnder all the rents and revenues of the PropeR}I.Bonower suthorizes Lender or Lender's agentss to collect the rents and revenues and hereby directs each tenant of the Property to pay the rents to Lender or Lendera agents. However,prior to Lender's notke to Borrower of Borrower's breach of any covenant or agreeme�rt in the Security InstNme�,Borrower shall collect and receive all tents and revenues of the PropeRy as tnutee for the benef�t W Lender and Borrower.This assignment of rerus constitutes an absoiute assl�nmeM and not an assignmerit for additional security or�ly. If Lender yives notice of lxeach to Borcower.(a)atl rents�eceNed by Bortower shail be held by Borrower as tnutee for bene�t o�Lender oNy,to be appiled to the surns secured by the Security Instrument;(b) Lender shall be eMiUed to cdlect and receive all of the rents of the Property;and(c) each 4enant of the Property shaU pay aU rents due and unpaid to Lender or Lender's agerii on Lender's written demand to the tenant. Borrov�er has nni executed any priw assignme�t of the rents and has not and will not perfwm any act that would prevent Lender frwre exercising its rights undet this Pa�agraph 16. Lender shatl nort(oe required to enter upon,take contrd of or maintain the Property bet�re or after giving noUce of no breach to Borrower.However,Lender or a Judicialty�ppointed receive�may do so at any time there is a breach.Any application of rents shatl not cure or waive any default or irnalidate any other right or remedy of Lender.This assignment of rents of the Property shaU termfnate when�hed@bi s�cured by the Securityy Instn.merrt is paid in fuil. 5'� FHA NEBRASICA DEED OF 1'HUST • • ' ISC/FA�IpTNE//0601/(S95)-L PAGE3 OF 4 ;i _ - - _