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<br /> �� LOAN I�O. 1 5 3 9 2 1 5 0 2 0 �f:-_,_
<br /> ---- — -- ^----.. a u N�y.:~C^�L'�:N��.irYtM�l�1 nnil Ir�taraat tttl �- ::s
<br /> l.i�dytltoelioirrinaipa��inier���ar�rii�+ies�i�di��o� oui�urr�io��u�� . _ . :. _....
<br /> tho dcbt a�idonced by the Noto A�d 1;�4o cha�pos duo under the Nota. �
<br /> 2.P!IOii1`91v�t�yl"C1011ta U?S9H�fl,If1flUP�1fiCO3 Altd()fiter CttE�Ppt38. Borrower shall Includo In atacli monthly .,
<br />, pAyment,together with the princlpal and Interast as sot lorth In tho Note and any lato charflos,u own f�r(a)tc�xoa and
<br /> •� epecial assessmenta levled ar to be levled agalnst tho Pro�erty,(b)loaaeholc�paymonts or ground ront3 on th�
<br /> Property,and(c)promlums for Insurance rflqulrod under Nsragreph 4,In any yoar In whlch the Lender muat pay a � a
<br /> mortgage insurance promlum to the Secretary ot HouslnA and Urban Dovelopment("Searetary'),or In any year In which �
<br /> ; such premlum would have been requlred if Lentler etlU hetd the Sacurity Instrum�nt,oach monthly payment ehsll alsq �..�
<br /> " include efther:(I)a sum for the annual mart��ga Insuranca premlum to be patd by Lunder to the Secretary,or(II)a C� •
<br /> _ _.___ _. , n�onthly charcya Instead of n mor4�ago Insuranco promlum Nthls 3�r.iu►ty Instrument le held bythe Socratary,In a GuS
<br /> .' ,��ts�� reasonable amount to be det�rmined by tho 5ecvotary. rxc9pt for ihe moniniy ci�a�yn uy ii�a oeii:ivia��f,tii6'ao:o��ia � -=•�i��; _
<br /> � aro called"Escrow Iteme"and the sumspaId to Lender ere called"Escrow Funds." � �.
<br /> ,;;;,,:���'Q Lender may,at any tlme, collect And hold emounta for Escrow Items In an aggregate amount not to exceod tho � .
<br /> .;..,. �.�`: maximum amount thet may be requlred for Borrawer s escrow uccount under the Real Fetate Settlement Pracedures
<br /> � Aat of 1974,12 U.S.C.9 2G01 et seq.and Implomenting regulations,24 CFR Part 3500,as they may be emended irom
<br /> t time to time("RESPA"),except that tiie cushlon or reserve permitted by RESPA for unanticlpated disbursemonte or .,^
<br /> - � cilsburser�ients beiore the Borrower's paymonts�ro avallable In the account may not he basod on emounts due for the .
<br /> � � mortgage Insurance premlum. "�""'�'"
<br /> If the amounts held by Lender for Escraw Items exceed the amounts permitted to be hetd by RESPA,Lender shall .;i�;;�
<br /> ' � deal witfi the excess funds as requlr�d by HESPA,. If the amounts oi funds held by Lender at any time ere not sufficlent .. ,�_.._
<br /> . �. ` topay the�scrow Items when due,LendQr may notlfy the Borrower and requlre Borrower to rnake up the shortage or •� ,���._
<br /> � deficlency aa petmftted by RESPA.
<br /> ' +. � The Escrow Funds ai�e pledged as additional securlty for all sums secured by this Securiry Instrument. If Borrawer __ _
<br />- tenders ta I�encler tha full yment of all such surns,Borrower's account shall be credfted with the balance remaiNn� LL�J-__..
<br /> � for all fnstallment ftems(a�(bj,and(c)and any rnortgage insurance pramium Instaliment that Lender has not bacome ,r:�__
<br />_ � � � ot�ligated to pay to the Secretary,and Lender shall prom�ity refund any excess funds to Borrower. Immedlately prior to �'-= - �
<br /> , a foreclas�re sale of the Praperty or its ac ulsitlon by Lender,Borrower's account ahall be credited wfth any balance
<br />�, . � remalning for all Installments for Items(a),�b),and(c). _���4
<br /> - �''�� . 3.Appiicetion af PAyments. All payments under Paragraphs 1 and 2 shall be applisd by Lender as follows: �
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<br /> �� EIRST'to the mortgage(r+surance premium to be pald by Lsnder to the Secretary or to the monthly charge by the �:':-_.
<br />_''��� '. ��� Secretary Insteadl of the monthly mortgage i�surance�ramium;
<br />�_N�. r,:�...... S�COND,to any taxes,apeclal assessments,leaseho�d payments or ground rents,and fire,fiood and other hazard --
<br /> Insurance premlums,as�equired; �—
<br />_�.s`�`. :��7 , THIRD,to interest due�nder the Note;
<br />= `"� � FQU�TH,to amortizatt�n of the principal of the Rlote;
<br />�s;�;l;,�. ��. �I,Q�,to late charyea due under the Note.
<br /> -'. , - 4.Flfle�F{aA�i 1�nti u�6e�iimmrd innuran��. �uii"uni8i S,iui=tiiSiliB a��Iiiij:iL3::eiYi�ii:S OSt 2�l�Q•L`�..^°••ff'�.:!'f18�1?T --- ...--
<br />�'7°�•�,r'�' now U existence or subsequently erected,agairnst any hazards,casuaittes,and co�tingenc les,Inc tu d ing f ire,for w h ic h
<br /> _ '•`'°'��:''%���' � Lendet roquires Insurance.Thls Insuranco shall be malntalned In the amaunts and for the periods that Lender requlres.
<br />�_='�'����a�;;:<` Borrower shaA slso inoure all fmproverr�ents on the Property,whethor now In exlstence or subsequently erected,
<br /> -_=_=�`-���'—` � agalnst I�ss by(loods to the extent requirad by the Secretary.AII(nsurance ghall be carNed with companies approved _
<br />�:;.i`"'�'��' by LQnder.7he Insurance pol�cles and any renewals shall be held by Lender and shail Include Ioss payable clauses In
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<br /> --_:����• • favor of,and in a form acceptabte to,Lender.
<br />—��'�-_-- in the evant of loss,Borrower shalf give Lender fmmediate notice by mail.Lender may make proot of loss if not
<br />--�,•�n^_�K f tmade p{,romptly by Borrower.Each Insur�nce company concerned Is hargby authorized and dlrected to make payment
<br /> --�rJ,F�f`��c�' IO�SUCII IOSS directiy to Lender,Instead�f to Borrowerand to Lender otntly.All or any part of the Insurance procoeds
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<br /> _-`'"�.�;>� may be epplled by Lender,at its optlon,efther(aj to the roductlon of t e Indebtedness under the Note and this Security
<br />—•�r*vor
<br />,� �>�¢. Instrument,flrst to any delinquent smounte applled in the ordor In Pamgraph 3,and then to prepaymont of prtncipal,or _
<br /> ---�__�__�:� (b)to the restoratlon or repalr of the�iamagai properiy.Any applicatlon of the proceeda to the princlpal shall not
<br /> -_:i.�;�;� extond ar postpone the dua date ot the monthly payments which are referred to In Paragraph 2,or change the amount
<br /> ,�_=y,fT;,_.�;.�.� of such paymenta.Any excess I�surance prnceeda over an amount requlydd to pay ali 4utstandtng Indebtedness under
<br /> _;��;.r.:; the Note and thls�ecurity Instrument shall bepa Id to the entity legally entiUed thereto.
<br /> ==�;,�:� In the evant of foreclosure of thls Securiry Instrura�+ent or other transfer of tftle ta the Property that extingufshes tho
<br /> �-��::_�,� Indebtedness,aN rlght,t�le and interest ot Borrcawor In end ta tnsurance poIlclAS In force shall pas3 4o the purchaser.
<br /> �=4��� 6.Occupancy��Praser�tion,MalMenanc�end Proiection o!the F�roperty;eorrowet'e Lo�n Applicetion; -
<br /> -_:==-��r Lea:ehaMs. Borrower shall accupy,estabilsh, and use the Property as Borrower's principal resld�nce within slxry days __
<br /> -- _�=�A.i�� after the executlon ot this Securiry Instrument and shali continue to occupy tho NroperS�l as aarrower's principal �-
<br /> ''""'���� resl�ence tor at least one year aft�r the date of occupancy,unles�the Secretary detorsninos this requlrement wlll cause
<br /> ---�--- - undue h�rdshl p for Borrower,or unless extenuating circumstances exlst whlcF►are beyond Borrower's contrd.8orrower
<br /> .,;_"�`�'�;�_��� aF►all notHy Lenders ot any extenuatlnq circumstances.Borrower shall not comm(t waste or destroy,damage Qr _
<br /> -:�,*:;;�;,�,-- substantial{y change the Property or allow ihe ProperYy to dQterlorate,reasonable wear and tear excepted.Lender may
<br /> �y`�;:• Inspect the Property ff the Property Is vacant or abandoned or the loan is in defautt.Lender may tako reasonable actlon
<br /> ����,'~i ��' to rotect sn� reserve such vacaM or aBandoned Properry. Borrower shall also be In detault ff Borrower,during the
<br /> , :?��•,,�.; �'._ P P
<br /> -- ��'� '�''°���� loan appllcatlon process,gave rra�terially talse or Inaccurate Iniormatlon or statements to Lender(or failed to provlde _
<br /> ''_.`_:''`�`' '� Lender wfth any materlal informatlon)in c�nnect(on wRh the loan evfdonced by the Note,Includfn{�,but tr�t Ilmfted to, _
<br /> - ' � repre,entations concerning Borrower's occupancy of the Pr�porty as a�principal resldenco.If this Security Insttumen2 Is _� -
<br /> : � � on a leasehold,Borrower shali comply with the provlslons ot the leaso.Iff 6�rrower acquires fee t{tle to the Properry,the _
<br /> leasehdd and fee titla shall not be merged untess Lender agrees to the r�nerger In wrltiny. _._
<br /> --�- • $ 6.Charees to Borrower end Protection ot Lender's AiyMs U the Property. 8ottower shall pay all governmerrtat �,�
<br /> �;_; � or municipaI charges,fines and Impositlons that are�ot(�cluded In Paragraph 2.Bors�,wer shall pay these obliga4ions `�-
<br /> Y on time d i rectly t�the entfty whlch I�owed the payment. If Tai�ure to pay wou l d a dver�aly affect Lender's interest U tha �-"``
<br /> Property,upon Lender's request Borcawer shall promptly furnish to Lender recelpts evidencfng thasepayments. �~�-=—
<br />—' �� If Borrower taila to make these payments or the payments reqttlred by Paragraph 2,or falis to pertorm any other �v -
<br /> � covenanta anci agreements contained in thls Securlty Instrument,or there Is a logal proceeding that may slgnlflcantly �
<br /> >-i�'�' ` affect Lender's rights In the Proporty(such as a proceeding in bankruptcy,for condomnation or to onforce laws or � "�
<br /> - � - � - regulAtlons),then Lender may do and pay whutever�s nocessary to protecc mo vame oi ine'rroperiy and�ender's � �--=�
<br /> �� rlghts In the Property,Inciuding payment ot taxes,hazard Insurance and other items mentioned in Paragraph 2. �• `_
<br />— An amounts dlsbursed b Lender under thls Para raph shail n �lditional debt of Borrowor and be � ���"
<br /> Y Y 9 ���� !� �.?.i.�-
<br /> .,. socured by this Security Inst�ument.7hese amounts shall bear Interest f�om the date af dlsbursement,at tho Note rate, .�,�;;
<br />— " and at the optlon ot Lender,shall be Immedlately due and payaWe.
<br /> , � '� 7.Condemnatlon. The proceeds of any award or clalm for damages,diract or consequantlal,ln connectfon with �
<br /> any condemnatlon or other taking of any part of the Prnperty,or for conveyanco in place of condamnatlon,are hereby ��
<br />� • assfgned and shAli be pald to Lender to the extent af the full amount of the indebtedness that rernalns unpaid under the ��'•�
<br />— Noto and thls Security Instrument.Lender shall apply such proceeds to tho reductlon of the Indebtedness under the
<br /> Note and thls Securfty Instn�ment,flrst to any dellnquont amounts applfed In the order provided In Paragraph 3,and
<br /> � �� then to prepayment of principal.Any applicatlon of the proceeds to the principal shail not extend or postpone tho due
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<br /> . FHA NHBRASKA DHEO OF TRUSY 6/93 ;
<br /> • ISC/FMDTNE//0691/(fr95}•L PAOE.�.OF 4 •
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