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<br />_ ..:�'�J. 9g'7���'�� LaAN NO. 1 5 3 9 2 1 5 2 2 8 �'--��,•"`��`"�,"
<br /> � 1, Peyrtton4 04 PPai�cl�sal,Int�rE;,t end 6.�te Cherge. Borrower shall pay when due the princlpal of,and Interest on, �::r���:i�;�-�;
<br /> the debt evidehced by the Nato and late charges due under the Note.
<br /> 2. Monli�ly Pay�iont�a4 Ya�oe,Iii�UP�YiCO�0FdL1 OtYYOP CFItiP�Qf3. Borrower shall include tn each monthly ,
<br /> payment,tag�4hor Lvl¢h thc�princlpal nnd Intoroat aa�ot for4h In th�Note end any late charges,a sum for(a)taxes and
<br /> speclai as�sssments levlad or to be levled agnlnst the Proper4y, (b)leasehold payments ur ground rentn on the
<br /> � Property,and(c)premlum�for Insurance roqulred under Paragra�ph 4.In any year In which the Lender must pay a
<br /> � mortgage Insura�Ge premlum to the Secrotary o4 Housing and Urban Development("Secretary"),or In eny year in which
<br /> auch promlum would have beon roqulrQd il Landor stll!held the Security Instrument, each monthly payment shall also
<br /> �° Include elther:(1)a sum for the snnual mort�age Insurance premlum to be paid by Lender to the Secretary, or(ii)a
<br /> monthly charge Inetead of a mortgapo Insur�inco promlum if this Security Instrument Is held by the Secretary,in a „
<br /> � ::,�'s 1 .aaannAhle amount to be dRtormined by th�Secretaoy. �xcepY 4or tho monthly chargo by the Secretary,those items
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<br /> AI'A CH��Bf�"EBCfUW�Q6i�ii8"6P1C�thu SUR1:.p8,�to l.entier are c�!ii�.i�CDVIUYII 1 u��u�. „,�,�.
<br /> `���. Lender may,at eny tlmo,collect and h�l�amounts 4or Escrow Items In an aggr�gate amount not to exceeci the
<br /> *�'�'� maxlmum amount that may be requlred for 8orrower'e escrow account under the Real Estate Settlement Procedures
<br /> � Aat of 1974,12 U.S.C.B 2B01 ef seq,and Implemanting reflutatlans,24 CFR Part 3500,as they may be amended from
<br /> ' � tlme to tlme("RESPA"),except tl�ax the cushlon Ar resorve permltted by RESPA for unanttclpated dlsbursemonts or
<br /> � dlabursements betore the Borrowor's paymente Rre avallable In the account may not be based on amounts duo for the �.
<br /> , � mortgage Insuranoe piemlum. ' '��>_:-�
<br /> If the amounta held by LendeP for Escravr Itom:,oxcoetl the amounta permltted to be hold by RESPA,Lender shall � �•:,,E.�
<br /> •: �, deal wlth the oxcess funds as requlred by RESPA. If the amounts of funds held by Lender at any tlme are not sufflctent ;�;,,�,,..,�-
<br /> to pay the Escrow Itema when due,Lender m�y notliy the Borrower and requlre 8orrower to mako up the shortage or
<br /> . " � ds(Iclency as parmftted by FiESPA. ,; ::.:LL�
<br /> � �- The Escrow Funds are pledged as addltlonal securlty(or all sums oecured by this Security Ir�strument. If�orrower „v�;,;-_„_.
<br /> �•� tende�sto Lender tha full ayment of all euch sums,�orrower's account ehall be credited wlth the balance remalning .,,�._-;._
<br /> for aIl(ns4aflmef�4 Iter+'is fa�(b),and(c) end sny mflrt��e lnaurance premlum Inatallment that Lender has not becnme � ,;��_
<br /> �+ obllgated to pay to the�ecretary,and Lender shall promptly refund any exceas funds to Borrower. Immediatefy prior to ,.,�;,.;��
<br /> � +�; a toreclosure sale of the Property or Its acqulsltlon by Lander,Borrower's account shall ba credlted wlth any balance ��,,�`:
<br /> "" � remalning for all Installmenta for ttems (a),(b),and (c). �,� -.�:
<br /> 3.Appltcatlan of P�ymant�. AII payments under Paragraphs 1 and 2 shall be applled by Lender as follows: �;�_.�
<br /> � '��� FIRST,,to 4he mortgage Insurance premlum to ho pald by Lender to the Secretan�or to the monthly charge by the =.�u
<br /> Secratary Instead ot the monthly mortgage Insurance premlum; �='m�-�
<br />- �ECOND,to any taxes,speclal assessmente,leasehold paymente or ground rents,and fire,flood and other hazard
<br /> Insurance premlums,as roqulred; �_.�.__ ..
<br />�:. ,T�JRD,to Interest due under the Note; ------
<br /> � �QURTH,to amortlzatlon of the princlNal of the Nnte;
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<br />=, FIF?Fi,to late chargea due�lnder the Note.
<br /> � _ �: _ d,��ra;Flood and aher H�wrd In�unncs. Borrower shall Insure all Improvements on tha Pro�erty,whother
<br /> j��':-... .... . -: _
<br /> � now In exlstence or sub�equently erected, agalnst eny hazarda,casusiiiss,dina i;��ti��gartclss,lrsc�tt..lna f�rA,f�?s wh►� _
<br /> Lender requlres Ins�rance.Thls insurance shall be malntalned In the amounts and ior the perloda that Lender requlrea.
<br />�"V�.:~t..'. :.' ' Borrowe�sNall elso Insure all Improvements on the Property,whether now In exlstence or subsequentty erecied,
<br />�;;;°'.�:°•'�;' agalnst loso by floods to the axtent requlred by the Secretary.All Insurance shall be carrled with companles approved
<br /> `_=`;��•� � by Lender.The Inaurance poilclos and eny renewals shall be held by Lender and shall Include loss payable clauses In
<br /> ;;;: ;.;•A:,� favnr of,�nd In a form acceptable to, Lenddr.
<br /> ��z�:.v��:��� In the event of loss,Borrower ehall glve Lender Immsdlate notice by mall,Lender may make proof of loss If no2
<br /> �•�LL�� � made promptly by Borrower.Eaah Insurance company concerned la hereby a�dhorized and dlrected to make payment
<br /> �`"`�=�='�"�°��- for such loss dlrectly to Lender, Instead of t�Borrower and to Lender lolntly.AU or eny part uf the Insurance proceeds
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<br />=`T�=�:�- - may be applled by l.ender,as ita optlon,elther(a)to the rodi.�ctlon of tf�e Indebtedness under the Note and thts Securlty
<br />�:;"�`' Instrument flrst to any dellnquent amounts applled In the order In ParaQreph 3�and then to prepayment of prtnclpal,or
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<br /> --��?��.:k.. (b)to the restoratlon or repalr of the damaged propeRy.Any appIIcatlon of the proceeds to the princtpal shall not
<br />�-=,�`�"'�'� . extend or postpone tha due date of the monthly payments whlch are referred to In Paragraph 2,or change tha emount
<br /> - _ ��-:�� of euch paymente.Any excess Insurance proceeds over an amqunt�equlred tQ pay sU outstanding IndebtaJness under
<br /> -�_��� the Note and thls Securlty In3trument ehafl bapaId tn the entky I�IIy entftled thereto.
<br />�=:-�_;_-� In tFre event of foreclosure of thls Secur fty 1 n s Y►umen t o r o t h e r t r n n s t e r o f t f t l e t o t h e P r o p e r t y that extin gulshes the
<br />-_°-�r-r`- � Indabtodness,all rlght,tltle and Interest of Borrawer In�nd to Ineurance�ollclea In force shall pASS to the purchaser.
<br /> °''�-� - 6.Occupanay��ressnratton,Matnt�n�nc�And Protfc!lon of ths Prop�rty;Borrower's Loan Appllc�tlon;
<br /> ^��'� Le�seholds. Borrower shall occupy.establlsh,and use the Propeny��Borrawer's princl�a!resldence withln slxty days
<br />��,=�2�'� after the executlon of thls Sec�rity Instrument and ehall sontlnue to occupy the Property es Borrower's princlpal _
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<br /> �._.�- - resiuei ica��r at{�ast ana year Mfter Lhe dete of oGC���npv,unless the 8ecrotary determines thls requlrement wllt cause
<br /> undue hardshlp for Borrower,or unless extenuating clrr,umstancee exlat whlch sre beyond Borrower's control.Borrower _
<br /> ��s��� shali notHy Lende�s of sny extenuating clrcumstances.Borrower shall nat commft waste or destroy,damage or _
<br />�,,,,-�»�� aubstantlally change the I�ropeKy or allow the Property to deterlorate,�easonable wear end tear excepted.Ldnder may
<br />-;�w,,��;�-". Inepect the Property If the Property fo vacant or abandoned or the loan Is in default.Lender may take reasonable actfon
<br />�-�� '�-` to rotect and reseNe such vacant or abandoned PPOperty.Borroarer ehall atso be In detault M Borrowor,during the
<br /> ....��"�-.r p P �-
<br /> - loan appllcatlon pracesa,gave materlally false or Inaccurat�Informatlnn or etetgmenta to Lender(or talled to provlde
<br /> - ����'��=�'�� Lender wlth any materlal Informatlon)In connectlon wlth the loan evidenced by the Note,Includlnp,but not ilmlted to,
<br /> - � represontatlons conceminfl Borrower's occupancy of the Properry ae a princlpal realdence.If thts Security Instrum�nt Is �
<br /> -^'�'�'�� ��`^' � on a leasehold,Borrower Ehall comply with the provlslons oi the lease.If Borrower ncqulroa iea title to tha Properry,the
<br />- � leasehold and tee tltle aNall not be mergod unless Lender agrees to the mer�er In wrltln�, -�-----�-
<br />-__ .� e.Cherg�s to Bonower end Protectlon of Lender's R{phtf In th�PropNly. Borrower shall pay all govemmental =_.____
<br /> ( or munlcfpal charges,flnes and Imposltlana that ere not Inctuded In Paregraph 2.Ciurrowor shall pay these obllgations �.:___
<br /> t=. `'�� � on tlme dlrectty to the entlry whlch Is owed the payment.It tallure ta pay woutd advotsely aftect Lender's Interest In the �;_�_
<br /> encing thesepayments. �_�:__:
<br /> �'� Property,upon Lendor's request Borrower ahall promptty turnlsh to Lender recolpte evld �,,_,Atl
<br /> a If Borrower falls to mal<e thoso payments or the payments requlred by Par�graph 2,or falls to porform any other �._,__v
<br /> • • �'�'D�t t covenants and agreements contslned In thls 3ecurlty Inatrument,or thare la a lepal proceeding that may slgnlflcantly „�
<br /> ^� �• affect Lender'a rlghts In the Property (such as a proceodlnp In bankruptcy,far condemnatlon or to enforce la�us or �� �
<br /> ____•_ �,�.__ ,o,.,,��*,.,�o� thAn i�ndc�r mav do and nav whatever Is necessary to protect the value of the Property and Lender's � � -
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<br />__ . � rlghts In the Property,Including payment of texos,hazard Insurance and otner i�eme meniivnod m ra�n��aN���� ,
<br /> - Any amounts dfsbursed by Lender under thls Paragraph shall becomo an nddltlonal dobt nf Borrower and be ,
<br /> _ . secured by thls Securlty Instrument.These Arrsounts shal!bear Interest from tNo dato of dl�bursemant,at the Note rato,
<br /> and at the optlon of Lersder,shall be immedlately due and payable.
<br /> � 7.Condemnatlon. The proceeda of any award or clulm inr damagea,dlroct or coneoquontlal,In connectlon wlth
<br />_, , any condemnatlon or nther taking ot any part of the Proporty,or ior convoyanco In place of condemnatton,Qre hereby
<br /> asslgned and shall be pald to Lender to the extent oi tho tull amount of the Indebtadnesa thAt ramalns unp�ld under the
<br />- � Note and thls Securlry Instrument,Lendor shall apply euch proceado to tho�eductlon of tho Indohiodnoss under the
<br />- Note and tltls Securlty Instrument,flrat to any dellnquent amounte appllod In tho ord�r pravldod In Par�graph 3,and
<br /> ' then to prepayment of princlpal.Any appllcatlon of tt�e proceede to tho prinalpnl:�hn!I nal oxiond or postpono the due
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<br /> � FHA NHBAASKA DEHD OF TRU3T 6/95
<br /> ISC/FMDTNE//0691/(6-95)•L PA�E 2 OF 4
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