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<br /> ; • LQANNO. 1539214965 —
<br />" �.......,..� •..c� .. naurwat�te A�1;� �E --=
<br /> date c�E the monthlY payments,which aTe refen�ed to in raragrapn 2,v� ���a��yn►�,��„�..ar„..."c..h r.,, .._.._. ���_��
<br /> ' excoss proceeds ovor an am�unt requtrad to pay ell outstandlnq indebtedness undor the Note and thls Securdy z__=_-
<br /> ' Instrumant shalt be pald to the erttity IeQally antitiad thereto. �-=�= -
<br /> Q�.�_�--.
<br /> e.Fea�. Lendar maycWiectleesa:xiciwryasaU'th��i��bythoSc�retan�. �- --.
<br /> �.Grourxis tor Acc�l�ration o1 Dabt. � �
<br /> ; (s)Det�utt. Lender may,except as Ilmited by re�utatlons issued by the Sec�etary tn the case ot payment dotaults,
<br /> !equira�m+nadlate payment in iull of all sums secured by thls 5acurity Instrument if: � ,_.
<br /> � (1)Borrowe�defautts by failing to p�y In full any monthly ptiyment requir�i uy tY�ls Sacurity�n�trurn�nt�r1or
<br /> to or an the due date ot the nexc monthly paymen t,or c G
<br /> � (li)Borrower defaults by taUing,tw a period of thlRy days,to perform any other obllQations contain�d in this �1
<br /> $ecuriry Instrument. �'�
<br /> (b)Sals Wfthout Crodlt Approval. Le�der shall,if permitted by appilcable law and with tha prlor approval of the �
<br /> Sec��tary,requl:e Immedlate payme�t in fu11 of all the sums secured by this Security Instrument if:
<br /> � (i)All or part of the Property,or a be�eficlal Interest In a trust owning all or pa�t of the Property,is sold o� �
<br /> otherwise transferred(other than by devise or descent)by the Borrower,and � •
<br /> (li)The PropeRy Is noi oCCUp1�c9 b}F.M�e Fxuchaser or grantae as his or her principal reskience,or the �
<br />� � purchaser or grantae does sn c��Sylf�e Property but his or her credit has not bean approved in
<br /> � accordance with the requiren�eMs of the 58cretary. :1T
<br />: � I (c)No�llafver.If ci�cumstances occur that would permft Lender to require immedlate payment In full,but Lender
<br /> 1 does noi rzquire such payments,Lender doas not waive its rights with respect to subsoquent events.
<br /> (d)Repui�tions of HUD Secretery.In many circumstances regu►stions issued by the Secretary will Ilmit tender's
<br /> rights,tn the case of payment defauits,to require Immediate payment in fu11 and foreclose if not paid.This Secutity
<br />' Instrument does not authorize acceleration or foreclosure N not permitted by regulations of the Secretary.
<br /> (e)Mortga�e Not Instued. BoROwer agress that should thls Security Instrument and the note secu�ed thereby not
<br /> be eligibtafor insurance unde�the National Housing Act within s o D A Y S from the date hereof, '�;.�
<br /> Lender may,at its optlon and notwithstanding anyiid�iy i�Fa;ay�ap`�9,:a�u's��mrn���te�Yment In fu11 of all �_.
<br /> sums secured by this Security InstrumQnt. A written statement of any authorized agent of the Secretary dateci
<br /> �_.�,
<br /> • subsequent to s o o a v s from the date hereof,decllning to(nsure this Sec�rity Instrumant and tha �.:
<br /> note secured thereby,shall be deemed conclusive proof of such ineligibility.Notwithstanding the foregoing,thts �_
<br /> _.; optio�may not be exercised[�y Lende�when the unavaqab�ity of insurance is sdelY due to Lender's faUure to remit �,.
<br />- $ a mortgage insurance premium to the Secretary.
<br /> � i 10.Relnsbtement. Borrower has a right to be reinstated'rf Lender has required imrnedlate payment in full because �
<br /> % � of Bottow�'s faUure to pay an amount due under the Note or this Security Instrument.This rlght applles even after _
<br />. •�,. {�oreclosure proceed�ngs are instituted.To relnstate the Secur'dy Instrument,Boreower shall tender in a Iump sum al)
<br />:_ � amounts required to bring Borrower's account current including,to the extent they are abUgations of Barrower under
<br /> , this Securit�s lnstrurnent,foreclosure costs and reasonabte and customary attorneys'fees and expenses properly
<br />�R associated with the toreclosure p�oceeding•Upon�elnstatement by Borrower,thts Secu�ity Instntment and the
<br /> i� o�bligattons that it secures sha11 r�main in effect as if Lender had not requfrerl immediate payment in full.However.
<br /> - Lende�is not reqtttred to p�mit reinstatement If:(I)Lender has accepted relnstatemAnt after the commenaemont of
<br />�' foreclosure proceedings w�hin two years immediately p�eceding the commencement of a current foreclosure _
<br /> ....,�oo�t�r,,(ii�ra(nstatement will eclude toredosure on different grounds in the future,or(Ili)reinstata:nent wAI _
<br /> _ F! r•__- o
<br /> a ad�►erse�y affact tns prior+ry of tne ien created by cnrs secuncy msnumerc. __
<br /> 11.BoROwer Not Retsased;Fort�e�rance by Lender Not a Wiiv�• Extenslon of the tlme of payment or
<br />�� rnod�icatlon of amoRization of the sums secured by thls Security Instrument granted by Lender to any successor in _
<br />`Y i�terest of Borrawer shall not operate to release the Ilability of the original Borrower or BoRawer's successor in Interest
<br /> �- Le�der shall not be required to commence proceedUgs agatnst any succassor in interest or refuse to extend tlme for
<br /> #� payme;ii or othervvise modify amortizatbn of the sums secured by thts Security Instrument by reason of any demand
<br /> �°� made by the origina�Borrower or BoROwers successors in interest.My forbearance by Lerxier in exercisln�any rlght
<br />� or remedy shaA not be a walver of or preclude the exercise of any rlght or remedy.
<br />:� 12 Succ�sson and Asstyn�BouM1:Jolnt and Sewral Liability:Co-Si9nen. The covenants and agreemeritss of
<br /> thls Security Instniment st►all bind arxi bene�it the successors and assigns of Lender anti Borrower,sub;ect to the
<br />"� provlsions of Paragraph 9•b.Borrower's cavenants and agreements shall be j�int and several•MY Borrower who
<br /> co-slg�s this Securiiy Instrument but does not execute the Note: (a)is casigning thls Security�nstrument only to
<br />�� mortgage,grant and convey that Borraxer's interest in the Property under the terms of this Security Instrument;(b)Is
<br /> �� nat personallY obtlgated to pay the Sums secureci by ihis Ser:ui�iy li�:�amont;and(c)agr^.�ihaL LesKier and any ottu�r -- .
<br />�� Borrouver may agree to extend,modify,farbear or make any accommodatlons with re�ard to the tertns of this Security
<br /> lnstrument or the Note wiihout that Borrowa�'s consent.
<br /> � 13.Notices. My noUce to 8orrower provided for tn this Securrty Instrument shali be glven by de�ivering it or by
<br /> •.� mao(ng it by flrst class mail unless appllcable law requlres use of ar.other method.The notice shall be directed to the
<br /> Properry Ilddress or any other address Borrower designates by noilce to Lender.Any notice to Lender shall be gWen -
<br />;.� by flrst class mail to Lender's address stated herein or any address Lender designates by notice to Borrower.Any notice —
<br /> provlded for ln thls Security Instrumeni shal! be deemed to have been glven to Bonower or Lender when given as
<br /> � provided In thls paragtaph• __
<br /> 14.Gov�rNce�Law;SevenbtlitY•Thls Securiry Instrument shall be govemed by Federal law ar�d tfie law of the
<br /> ' jurisdict,�n tn wh�h the Property ls located. In the event that any provision or ctause of this Security�rutrument or the
<br /> .:�� Note co�ficts with applicable law,such conflict shall rtot affect other provisions of this 3eciuity�nsirument or the Note _
<br /> . � wistch can be given eftect without the co�lCtlnp pro�lsion.To thls end the provlstons of this Secur�ryy InstnirneM and the �-_�
<br /> : ; � t�ote are d�eler�ta lr.�seve�abte. R=-�
<br /> . .� 15.Boeraurer'�Copy. BoROwer shall be glven one co�fom�ed copy of this Securdy Instrumer►i. �° _
<br /> � 16.Assfynment of ReMs. BoROwer unconditbnally assigns and transfers to Lender aU the rents and revanues of �;
<br /> � the PropeRy.Borrower authorizes Lender or le►xier's agenis to cdlect the rents and revenues and hereby directs each `�_:.
<br /> tenant ot the Propeity ta Qay the renis to Lender or LendePs agents. hlowever,pNor to Lender's notice to 8orrower of �;�=.
<br /> BorrowePs breach of any covenant or agreem2nt In the Security Instrument,Bonower shall cdlect and receive all rents
<br /> and revenues of the ProReRy as trustee for the benefd of Lender and Borrower.Thls assignment of rents consiitutes an —_
<br /> � absotute assl�nment and not an assignment for additiional security only.
<br /> If Lender yives notfce of lxeach to Borrower. (a)atl renis recehred by Borrower shall be held by Borrower as trustee
<br /> for benefit of Lende�only.to be apptied to the sums secured by the Security Instrument; (b)Lende�shall be entiUed to
<br /> � cdlect and receive all of the rents of the Property;and(c)each tenant of the Property shall pay all rents due and unpaid � �
<br /> I to Lender or LendePs agent on LendePs w�itten demand to the tenant.
<br /> Bortower has not execated any prlor asslgr+ment of the rents and has not and wiU noi perform any act that wa�ld .
<br /> pravent Lender from oxerclsing�.s rights urxier thls Paragraph 16.
<br /> Lender shall not be required to enter upon,take contrd of a maintaln the Property betnre or after giving notice of
<br /> } breach to Borrower. However,Lender or a judiciatly ap�olnted rece�ver may do so at any tlme there is a breach.Any �';'
<br /> { applicatio�of rents shall not cure or waive any detauft or invalidate any other right or remedy of Lander.This �_
<br /> I asslgnment of rents of the Property shall terminate when the debt secured by the Secwiry Instrument is paid tn full. S/� �_
<br /> ; FHA HEBRASKA DEED OF THUST �
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