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<br /> _ ., t.` LOAN N0. t 5 a s z� s z o z �-_�`�'�`•Y°v__
<br /> ° 1.Payme�t af�+rinclp�i�lntmrea9 ari�i leia Chor�a. Borrawcr�hell p�y�hen due the princlpal o},and Interos4 on, � �• �- � -__
<br /> t h o d o b t ovidonccd b y tho P�oYe and lata char�esdue under the Note. ��
<br /> � 2,�q��thty P�y�no�te of Yoxen,Irrae�renco,e�d t l t i i o P C l 9 e r g�a. �n r r o w o r s h a l l I n c l u do in oach m�nihly
<br /> payment,to�ethor wlth the pj�lnc lpal sr►d Ir�4ore�t as�ot 4orth In 4he f�oto�nri any Into char�03,a aum for(n)tnxos arrd
<br /> , spec l�l sesossmon is l e v l e d o r t o b e l e v l e d a Q a l n s t t h e P r o p ert y, (b)leasef�old payments or ground rents on the �
<br /> Praporty,and(a)premlums fAr Insurance requlred under Paragraph 4.I n any year In whlc h t he Len der m u 3 t p a y a A
<br /> mnrtgage insuranco premlum ta the Secratary ot Hous(ng and Urban Developmant("Secretary"),ar In any year in whlch
<br /> � such premlum would havo bsen�equlred if Lendor stlll hetd the Security Instrun bnLender t thelSecre ary tor(�i��Isa �
<br /> ' Include etthar.(I)a sum for the annual mortgage Insurancs premium to ba pald y � .'�r'��-`
<br /> iiionthly charga In�tcad af a mort{�age��naurance premlum if this Security Instrumont is held by the Secretary,in a t„
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<br /> :�• 1 .�oo�,,,wo v�„rn��t rn hp datermined by the Secretary. Except far the monthly cl�arge by the Secretary,2hese Itoms :
<br /> - - " _r:_�.�--,.�_�.
<br /> are cailed"Escrow Items"and the sums pald to Len der ara calle�"tscrovl runds. ,
<br /> ;;;;,�:�� Lender may,at any tlme,collect and hold amounts for Escrow Items In an aggregato amount not to exceed the , .,
<br /> , :�.w��: ' mtucimum amount that may be re ulred for Borrower's escrow account underthe Real Estate Settlement Procedures ,..��
<br /> � Act of 1974,12 U.S.C.�2601 et seq.and Implernenting regulatlons,24 CFR Part 3500,as they may bo amended fram � .,-y:Y
<br /> ttme to time("Rbe o e�the Bor ower's payment nro avallable In he acc unSmay not betbased on arnou ts due tor the ' ?_-
<br /> � disbursernenta ;,:,�_`"
<br /> � mortgage Insutance premlum. ',�,..��`�
<br /> ' r� If the amounts hetd by l.ender ior Eac�ovr{iems exccad the amounts permltted to be held by RESPA, Lender shall _
<br /> ,.f deal wlth the excess funds as requlred by RESPA. If the amounts of funds held by Lender at any time are not sufllclent ,:_;�,__
<br /> to pay the Escrow Items when due,Len der may notlfy the Borrower and requlre Borrower to maka up the shortage or �',t,,,
<br /> , �� �� deflclensy as permltted by RESPA. �_;.'�'
<br /> >- .�� The Escrow Funds are pledged as additlonal securtty for al!sums securad by this Security Instrument. If Borrower �_vN
<br /> tonrl�re to Lender the full yment of all such sums,Borrower's account shall be cred(ted with the balance remalning ,.._.
<br /> tor all Inataliment items(a�(b),and(c)and any mcariyage Insurance promfum Installment th�t Lender ha�not become w��� _ __
<br /> �� oblipated to pay to the$oc�etary,end Lender shall promptty refund any excess funds to Borrower. Immedlately prlor to �_`,
<br /> e loreclosure sale o}the Praperty or Its ac uleftlon by Lender,Borrower's account shall be credited with any belance ��=
<br />� r e m alnin p far all Inetallmente for Items(�),�b), and (o). � �2 e h a��b e a l e d b y Lender ad follows; �,;;,=�`
<br /> ' '���� 3,A��Ilr.atlon of P�ym�nt�. All paymenta under P�raprapha a PP� _
<br /> � a FIR& ,ta the mortgaqe Insurance premlurn to be paid by Lender to the Se�retary or to the monihly chnrp�by tho
<br /> - � � ,� gec�ete Ineteed of tF�e monthty mortga�a Insurance premlum; �-
<br />,� . ,,.,,.� �,t o a n y t a x e a,s p e a l o l a s e e s am�nte, leasehotd payments�r ground rente,and ilre,Hond and other hazar� _ _
<br /> Insurance premlume,ae requlred;
<br />� � THIF�D,to Interest due u n der t he No t e;
<br />� °' "��� EOURTH,to emonlzatlon of the principal of the Note;
<br /> F�rH,to Iste charges due under the Note.
<br />_�.����r i�.<��: 4.riro,riood ana v�ieP�a.:.��n=z�"=''• R^rr�wer shall Insure all Improvements on tho Property,whother
<br /> ;'�"".� '�`�� now In exlstence ar subsequently erected,against any hazards,c�sualtles,and contingencies,inciuding iird,w��r�sii�s
<br />_'�''�•",.` ''- L�nder requlres Insurance.This Insurance shall be mafntained in thd emounts and for the periods that Lender requires.
<br /> ""'� "`' ' � Borrower shall also Insure ail improvemonts on the Properry,whether now In exlstence or subsequently ere�ted,
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<br /> _..,-�._-��. • agalnst loss by floods to the extent requlred by the Secretary.All Inaurance shall be carrted with compan es approv
<br /> °•�`'�°`'''� by Lender.7he Insurance�.oliales snd any renewals shail be held by Lender and shall Include lass payable clauses fn
<br /> `-�`� �•�^`��� . favor of,and In a form acceptable to,Lender.
<br />�`���`"5 ' In the event nf loss,Borrower shall give Lender ImmPdiate noitce by mall. Lender may make proof of loss ff not
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<br /> �,_ made promptly by Borrower.Each Insurance company concemed Is hereby authorized and dtrected to make paymen
<br />=-��r�:.=-.�, for such loss directly to Londer,Instead of to Borrower and to Lender jolntly.All or any part of the insurance proceeds
<br />�:-- ° may be applled by Lender,at its option,efther(a) to the reduction of the Indsbtedness under the Note and this Securfty
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<br />�. ^,:: � Instrument,first to any deltnquent smounte applled In th Qord�r I���tian of tho�pr ceeds to hre principal shall�not�'or
<br /> �F��=�-� . b to the restor�tion or repair of the damaged property. y p
<br />_r"=.�,� . ex�tend or postpone the due date of the monthiy payments whlc are roferred to In Paragraph 2,or chango the amount ��.
<br />=,:�,�`�.�.; of such payments.Any excess Insurance proceeds over an amount required to pay all outstanding Indebtedness under
<br /> the Note and thls 5ecurRy Instrument shall be patd to the entfty legally entitled thereto.
<br /> -` T�� � In the event of foreciosure of this Security Instrument or other transfer o}tftle to the Property that extingulshes the
<br />�-,:i��' Indebtedness,all rlght,title snd Interest of Borrower In and to Insurance pdicle�In force shall pass to the p���o�er•
<br /> �=`�"�"-�� 6,Occup�ncy.Pro�arvatian,Melr�tenancs and Protectlon of the PropKty;Borrowsr'�Loan App1i
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<br /> =--�-""`"�'- �— Leeeehokls. Borrower shall occupy,esteblish,and use the Property as�orrower's prinGipal residence within s ays
<br /> ti-u�=�'s�.--_ ..N...�ho �a.,�r1r+r+�f thla Securitv Instrument and shall continue ta occupy the Property as Borrower s princtpAl ___ - _
<br /> ...�Q'. � 1_ . .��....,..t......�hle ulra Ortt _
<br /> a:����r�,.1ia�� resldonce for at least one year a fter t he d a t e o t o c c u p anc y,wiiv�y ii�o oe�+�:�+�r 6+�•�•�"°•""•""'f�"••"m".._W! r_.ai�cw �� .
<br /> undue hardship for Borrower,or unloss extenuatfng circumstances exist which are beyond Borrnwer's contrd.Borrower
<br /> .-�.�=•-. r shali notify Lenders of any extenuating circurnstances.l3orrower shall not cammit waste or destroy,damage or _M
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<br /> =�;�,e,���. . substantlally change the Property or allow the Prvperty to deterlorate,reason�ble wear and tear excepted.Len er may
<br /> — �;�;,;;,: � Inspect tho Property If tha Property la vacant or abandoned or the lo�n Is In default.Lender may t�ake reasonable actlon
<br />'S��:�--- �. • � to protect and preserve such vacarrt or abandoned Property.Borrower shall also be in defauit if Borrower,during the =
<br /> M... . �:. .
<br /> - �� loan applicatlon process,gave materially false or Inaccurate Informailon or statements to Lender(or falled to provide ___
<br />= �� ' �- Lender with any materlal Informatlon)In connection wfth the loan evidenced by the Note,including,but not Ilmlted to,
<br />_ � ' ' representations concernlng Borrower's occupancy of the Praperty as a principal residence.If this Security Instrument Is `�_� _
<br />�F.� . on a leaseholcl,@orrower shall comply with the provislons of the lease,If�orro�ver acquires fee title to the Property,the `1.�' .'T_
<br />- leaseho1d nnd fee title ehall not be mQrged unless Lender agrees to the merger In wrlting. _
<br /> __- :. �, 8.Char�ea to Borrower snd Protectlon of Lendet nc�ludecl in Parap ph Bor ower shall&payathese abll�atlohs I �� R-
<br /> _���: � � � or munlcipal charges,flnes and Imposltlons that are no 9 _
<br />��� „ � a on tlme directiy to the en41ty whlch is owad the paymont.If f�ilure to pay wo�ld sdversely affect Lender's interest In the _.�:_....
<br /> ;; " �� Praperty�upon Lendet's requost B�rrower shail promptty fumish to Lender recelpts evidencing theao�a yments. ---
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<br />__ � � If Borrower talls to make these payments or ihe paymente requlred by Paragraph 2,or fails to erform any other m_
<br />�; �� '� f covenants and agreements contaSned in this Securfty Instrument,or there Is a legal proceeding that may slgntflcantly ��r;;�:
<br /> •- ����` � affect Lersder s rlghta In the Pro�erty(such as a proceedinfl In bankruptcy,for condemnatlon ar to onforce laws or .�� .
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<br /> :—_______= _ .._.�.��.....�e..o,.voon�v tn nmtur.t tha value Of the P�Opelty Qlid LeTldei'S �."? � .
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<br /> - regulattons),then�ender may ao�����y���a•�.a. .�..��----�•, •- ��---- _._.. .,-_
<br /> - � �, rights In the Proporty,Inaluding paymont of taxes,ha{ard insurance end other ftems menttoned In Paragreph 2.
<br /> - � Any amounts disbursed by Lender underthl��ara�rpph�hall become an addltional debt of 6orrower and be
<br /> secured by thls Security Instrument.These amounts shall bear Interest from the date of disbursament,at the Note rate,
<br />— " and at the option of Lender,shall be Immedlately due and payable.
<br />� 7.Cond�mnatlon. The proceeds of any award or clalm for damages,dlrect or consequontial,In connectlon with
<br />_ � any condemnatlon or othor taking of any part of the Property,or for conveyance In placv of condemnatlon,ato herel�y
<br />_ �, . assigned and shall be pald to Lendor to the extent of the full amount of the indebtedness that remains unpaid under the
<br /> - Note and this Securiry Instrument. Lender shall aPply such proceeds to the reduction of the Indebtedness under the
<br /> �� Note and this Securiry Instrument,first to anydel�nquent amounts applied In the order provlded In Paragraph 3,and
<br />- then to prepayment of princfpal.Any appllcaqon of 4he proceeds to the principal shall not extend or postpane the due
<br /> ' �HA NE9RA8KA Q£ED QF TRUST 6/95
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