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<br /> � �_ • J6- �0�939 ��`
<br /> LDANNd. 1539215095 �^
<br /> E_..
<br /> dato of the monthly paymenta,whlch ure roforred to In Paragreph 2,or change the amount o!such paymontc. Any
<br /> o�ccess procoeda ovor an amoiant requlred to pay all outstandin�Indebt�dna�e ufldor the Note and thls Securlry
<br /> Instrumont shall ba pald to tho entlry legally entltled thareto.
<br /> 8.Feos. Lender may collect feos and charges authorized by the Socretary.
<br /> ., 9.Ground�for Accelaretlor�of Debt.
<br /> , (�)Det�auil. Lender may,except as Ilmitsd by reguiatlons Issued by the Secrotary In the case of payment dafautta,
<br /> �' reGul�e liiimodiate payment In tull of all sums�acured by thls Securiry Instrument if:
<br /> <,
<br /> , (I)�lormwer d�fau�ts by falling to pay In full any monthly payment requlrod by thls Securlty Instrument prlor '.�
<br /> -- - --- 1 ���.��,r►,o.���g riatn�f t�a►,9Yt mnnthly oayment.or
<br />, _ .�-..:-�:� .
<br /> (II)Borrower defaulis by falling,for a perlod of thlrty days,to pertorm any other obllgatlons contalned In thls
<br /> .r:;�: $ecurity Instrument.
<br /> �:.M��� (b)S�le Without Credit Approvel. Lender shall, if permitted by appllcable law and with the prlar approval of 4he .
<br />-� y $ecretary,require Immedlate payment in full of all the sums secured by thla Security Instrument If:
<br /> . L , (I)All nr patt of the Propevty,or a beneflclal Interest In n trust owning all or part of the Property,is sold or
<br /> �. otherwlse transferred(ather than by devise or descent)by the�orrowor,and
<br /> . r (11)Tha Pro�arty I�not occupled by the purchaser or grantee ss hls or her princl�l residence,or the
<br /> .� purchaser or grantee does so occupy the Property b�t his or her credit has not been approved in �
<br /> accordance with the requirementa of the Secretary. ''�_"
<br /> � (c)No Weiver.If circumstances occur that would permit Lender to requlre immediate payment In full,but I.ender -
<br /> does not requlre such payments,Lender does not waive Its rights with respect to subsequent events. _�-i:
<br /> �� (d)Regul�tlon�of HUD Sacretergr. In many clrcumstancea regulatlans Issued by the Secretary wlll Iimit Lender's
<br /> rlghts,in the case ofi payrner�Y de�aults,to requlre immstfhte payment In fu!I and foreclase(P not pald.Ttds Security ��-_=__
<br /> Instrument does not authorize acceleratlan or foreclasure if not permftted by regulatic,ns �f the S� ^retary. �'
<br /> " (e jMo�tgtga Nnt Insured. Borrower agrees that should this Securlty Inatrument and the note secured thereby not
<br /> be�:Ilgible for Insurance under the National Housing Act withln s o D A Y 5 from the date hereof,
<br />- "'��,f� Lentier may,at fts optton and notwfthstanding anything In Paragraph 9,requira Immedlate payment In full of all
<br /> sums secured by thls Security Instrument.A written statement of any authorized agent of the Secretary dated
<br /> �. �•r,�= , ' aubsequent to s o D A Y S irom the date hereof,decllning to insure thls Security Instrument and the
<br />, ,,;�, � note securod 4heretry,shall be deemed conclusbe proof of such Ineligibfi(ty.Notwith�tanding the foregoing,thls
<br /> .+ option may not bo exercised b y Lender when the unavailablllty of Insurance Is solely due to Lender's fallure to remit
<br /> : �y• a mortgage Insurance prer�ilum to the Secretary. �`
<br /> - ������ 10.Rsinttatement. Borrower haa a right to be relnstated if Lender has required fmmedlatn payment In full because —�
<br /> of�or�ower's failure to pay an amount due under tha Note or thls Securiry In&trument.This right applles even after
<br /> �� � f�tAcl�_!f9�*^r.aari�r�oc gIA InctltutP.d.TO t'e1119t8t8 th6 SBClltltlf I�St�Ufl'18f1t, Borrower ehall tender in a lump sum all
<br />'`` ''�`�`°'" amounts requlr�d to bring Borrower's account current Including,ta the extent they are obiigations o1 norrower under
<br />`�.� �.,��<���;: this Securfiy Instrument,forectosure costs and reasonable and customary attomeys'fees and exper�ses properly
<br /> _ ;�'�`"'"'�' assoclated wfth the foreclosure proceeding.Upon reinstatement by Borrower,thls Security Instrument and the
<br />�'`-��'.��,�__. obllgatlons that it sacurea sha0 romain In effect as if Lender had not required Immedlate payment In full.However,
<br />=-:�;:�s=�� Lender Is not requlred to perm(t relnstatement If:(q Lender has accepted retnstatement after the commer+cement of
<br />�r,:.ie.nv�� • foreclosure proceedings withln two years immediatety preceding the commencement of a current foreclasure
<br /> --�_� '�. proceeding,(11)relnstatement wlll�reclude foreclosure on dNferent grounds In the future,or(ilf)reinstatemont wfll
<br /> -�.::::,ay;;�� adversely aHect the priorfty of the Ilen created by thls Socurity Instrument.
<br />==�s�;�.:����:� 11.Borrower Not Releaaed;Forbe��nae by Lender Not e Wetver. Extenslon of the time of payment or
<br />,����+^�= modificatlon of amortlzatlon of the sums secured by this Security Instrument gr�nted by Lender to eny successor In
<br /> --z-�-�r�
<br />__:���� Interest ot Borrower shall not operate to retoase the Ilabllity of the original Borrower or Borrower's successor in nterest.
<br /> �,,;r,-,.v�,� Lender shail not be requlred to commence proceedtngs aga inst any successor In tn tero st or refuse to extend tima for
<br /> -�-���.-=a paymont or otherwise modiiy amorNzatlon of the sums secured by thls Security Instrument by reason ot eny demand
<br /> '�'��`c'Y"'`•� made by the ortginal Borrower or Borrower's successors In Interest.Any torbearance by Lender in exerclsing any�Ight
<br /> -�°"'~-`��' or remedy shall not be a walver of or preclude tho exercise of any right or remedy.
<br /> ----�-r,�� 12.Successoe�and Asabns Bound;JoIM and Soveral Liebll�y�CaSipners. The covenants anci agreementa�f
<br /> _- _ - - this Security Instrument shall blrsd and benefft the success�rs and asslgns of Lender and Borrower,eubJect to the
<br />�-•---��:��� provisiona of Pa�graph 9.b.Borrower's covenanta and agreements shall be Jolnt and severaf.Any Borrower who
<br /> � - co-signs thts Securlty Instrument but does noi execute the Note:(a)Is caslgning thls Securfry Inatrument only to
<br /> _ -- :r.�s:�ne,n�r.!sr.d cen:�ey!t�et RerrQwer'a IntQ�e�t In the Pmnarty under the terms of thls Secut�ty Instl'ument;(b)is -
<br /> - --= not personally obligated to pay the sums securod by thts Securiry Instn�ment;and(c)agrees that Lerxler end any oiher
<br /> -�-�=�° Borrower may agree to extend,modHy,torbear or make any accommodatlons with regard to the terms of this 3ecurity
<br />_�_-�--,_..�.'� Instrumsnt orthe Note wfthout that Borrower's consent. • _
<br /> -"'°"'";�� 13.Notices. Any notice to Borrawor pravlded far In thls Securfty Instrument shail be gNen by dellvoPing It or by
<br /> __�,.�;,�+ malling ft by flrst class mall unloss applicable law requlres use of another method.The notica shall be d(rQCted to the
<br /> --,:=_.z� Prope r t y Address or any other address Borrower deslgnates by notice to Lender.Any notice to Lender shall be glven _—
<br />- ���°""'�'�-�`� � by f irst class ma(1 to LeRder's address steted herefn or any address Lender deslgnates by notice to Borrawer.Any notice �
<br />-,`�r;.•_�.
<br /> - `=��, � provlded for In this Sacurity Instniment shall be deemed to have t�een glven to Borrower or Londer when given as
<br />- . - ,:.., provided In thls paragraph.
<br /> � 14.Gove�ntn�L.�w;Severabflity. Thls Securlty Inatrument shall be governed by Federal law and the law of the
<br /> � �urlsdlction In whlch the Property Is located.In the ovent that any provlslon or clause of thts Security Instrument or the
<br /> ote conilicts wfth appllcable law,such confllct shall not affect other provlslons ot thls Security Instrument or the Note �-
<br /> which can bo glven effect without the conflicting provision.To this end the provistona of thls Security(nstrument and the r.
<br /> � � �� Note are declared to be severable. �'
<br /> 7 16.8orrower's Copy. Borrower shalt be given one conformed copy of thls Securlry Instrumont. '�:
<br /> 18.Ass(qnment o!Rents. Borrower uncond(tionally aesigna and transCers to Lender all the rento and revontaes of
<br /> ;,a-''��+�' the Properry.Borrower authorizes Lender or Lender's agente to collect the rents and revenuea and hereby directs each
<br /> -��--__..,,-_--�-_ *e.,e..�.s►he a.....o.t..r....n..aF,o.onta tn 1 nnrlur nr 1 anrlar'a anants.HOWeVet.qYlO�t0 L8Ild8�'s no4lce to Borrowor of
<br /> , _ _ -., ......,............. ...i...... .,,r...�..._.....�----••--• -• ------ --<,.
<br /> Borrattier'�breach o�any covenant or flgreement In the Security Instrumen4,Borrower shall coltect and receive all rents
<br /> ' and ravenues of the Property as trustee for the benefit of Lender and Borrower.This assignment of renta constltutes an
<br /> absolute assfgnment and not an assignment for eddittonal security only.
<br /> ' If Lender gives notice of breach to BorroNer: (a)all rsnts recelved by Borrowor shall be held by Borrower as trustee
<br /> for beneflt of Lender only,to be applfed to the swns secur�d by the Securlty Instrument; (b)Lender shall bo ontitled to
<br />� collect and recelve all oi the rer�ts of the Property;and(c) each tenant of tho Property shall pay all rents due anci unpald
<br /> to Lender or Lender's agent nn Lender's written demand to the tenant.
<br /> Borrov�ar has not executed r�ny prlor acslgnment af the rents and has not and wlll not perForm any act that would
<br /> preven4 Lsnder from exercising Its rlghte��nder thla Paragraph 16.
<br /> ' Lender shall not be required to onter upon,take control of or malntttln the Properry beforo or after gtving notice of
<br /> brQach to Borrower.However,Lender or�Judlclally appointed receiver may do so at any time thero Is a breach.Any
<br /> , ' appllcatlon of rents shall not cure or walve any detauit or InvalldRte any other rlght or remedy of Lender.This
<br /> asslgnment of r�nts of the F'roperty shall terminate when the debt secured b the Security Instrument Is paid In futt.
<br /> •• FHA NEDRASKA DEED OF TRUBT � v i' '��;„� 6/95 �
<br /> ISC/FMDTNE//0691/(6•95)-L PAGE 3 OF d �
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