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<br /> BORROWER OOVIIVANTS t6at Bortower is Ia�vfuIIy seLsed nf We estate hereby wnveyed aad has We right to
<br /> " . . r,. � �ant aad wi�E!►the Property and tbat the Pcoperty is unencumbered.escePt for encumbrances of reaord. Borrower Y;;� � °-
<br /> � �� warrants and will defcad geaecalty the atte to the Progerryagaiast allclsims anddemands,su6Ject to siay encumbrances .: _ '
<br /> . of reoord. � ,.`
<br /> • . TEiI�SEClJRITY IAFSTRUMENT combiaes uaiform c�venants for national nse aad aon-nniform oavenants wttt► . <
<br /> TE I�
<br /> � .. ; lim[ted vartations by jurtsdiaion to constiwts a uniform security instrument ooverjng real properry• .
<br /> . �.; .
<br /> . • `;`�� LTPiIFORM�OVENAN'f5. Bo�wer and Lender oavenant and�Sree as follows: ` . • �
<br /> `I y payffi�ent of Prindpal,Iatcrest an�Eate C$�g� BomDwer sHatI pay wtten due tIIe prindpat o�and interest , . -.
<br /> on,the debt evidenoed by the Note and late cba:ges due under the Not�.
<br /> y B9nnthiy paymcnt of'I'ases,lnsman��,a���� Hortawer shaU incdud�in eac8 monWlY P���
<br />. . . . `�`�'.� e Note aaQ late es.a sum for(a}t�ces and sgec+ai . - - ---; ---
<br /> : mgether with the prindpal and fnte�st as set fortb in W �Y �S . • 4: �.:'-<'
<br /> � as�ssments Ie�riea or to be levied agaInst the Property,@)Ieasehotd payments or gronnd rents oa the Properiy,and
<br /> ` . (c)Preminms for insu�ancc reqnired ander paraStaPh 4. In any year ia which the Leader must PaY e m°rtgaSe . :. ..� �`
<br /> Insuiaaoe premium to the Secaetaty of Housing aad U�ban Development(`Secreta�,or in auy qear in which sach . � r :_�_' ., --
<br /> ' � � premium would have been reqntred if I.ender sW!held the Security lnsuumenb each montblY PaYment shall aLso ,.. `
<br /> include either:(�a snm for the annaal mortgage iasaiance premium w be paid bp Lender w the Secretaiy,or(ii)a . -
<br /> - . ' � monthty charge instead af a mortgage insurance premiam if tt�s Securtry lnsuument is held hp the Secrcta�►,in a ,; :" ;
<br /> t for the monthly charge�yr the Secretary,these items ��:�` �-:'
<br /> ''; rea5onab2e amount to 6e determiaed by the Secretaiy. Fxtep .; � ,�:
<br /> ace called°Escrow Ite�°aad the Sums patd to Lsnder are called�scrow Pnnds." �;'. �:e--�.T_
<br /> � Lender may,at any tIme.collect and hold uaounts for Escmw Items in an aggregate amonnt not to esoeed the : ` .�,�.�
<br /> � ' . ma�mnm amonnt Wat may be reqnired for Borrower's escrow accaunt ander the Real Estate Seulement Pr+ooedures � "h°_--
<br /> • Aa oY 1974,12 U.S.G g 2601 et sea•and implementing regulations.24 CFR Part 3500.as they may be amended fivm _ —
<br /> . . time to time('R E SPA'�,essepi ti�at the cashion or reserve pem�Itted Dy RESPA for�naa�ted disbucsements or - �.
<br /> , • disbw�semeats before the Borrawer's paym$nts are ava�able ia the acwnnt ma9 not be b a s e d on amo u n t s d u e f o r t h s '� �___„�.
<br /> mortgage insuzaac�e premium. _:s��
<br /> � If the amonnts held by Lender for Escmw Items exaeed the amaunts permitted to be held by RF.�PA,I.eader shall - �`�",..}:�
<br /> - ' � - acxount.to Borfower for the excess fw��ds as required by RFSPA If the amonnts of funds held by Lender at auy time . • ,: �:�T^�
<br /> fm
<br /> � aze aot safficIent to�ay the Escmw Items when due,Leader may aot[fy the Borrower and reqnire Borrow�r to make ;.'�-.�.`;;��,�;s
<br /> . . . _ up the shortage as permitted by RESPA. . ""��
<br /> 1��,::
<br /> ... . , . 'l�e�Fscrow Fands are p2edged as additianal setauiry for all snms secured by this Securltq Iasuamen� If Boirower ��}.
<br /> . , ' teaders to Lender the full payment of all such sums,Bomower's acconnt shall be credited wlth the baIance remainfng. ".�.;.�,��-
<br /> for all installment items(a),N),and(c)and ar�r mortgage insuiance preraium installment Wat Lender has not become .. .�Y.�=;`:�
<br /> ' . obligated to pay to the Secretary.and Lender shall pmmptty refond aay esaess funds to Borrawer. Immediately pr�or ;e_�,,.�
<br /> to a foreclasare sale af the Property or its aaquisition by LenAer,Bonawe�s acoonnt shall be credited with any bataace —�_
<br /> . ' remaining for all installments for items(a),N),and(c). .. �:��-'
<br /> � ' 3� Agpllcation oi Yayme�ts. All payments nnQer paragraphs 1 and 2 shall be apptied by Leader as follows: . -�=q�:;
<br /> e�t '-
<br /> �� � � , FiRSI:w ttte mortgage insaranae premium to be paid by Lender to the Secretary or w the monWty charge t�p the �. . ...� �,.=�':
<br /> '� � Secretary instead of We manthly mongage insaranoe premium; .:,:�_
<br /> : :. � SECOND.ta any tages,speclal assessmencs,teaseho2d payments or gcound rents,and Sr�tioad and oWer hazard . � ...z�.,..
<br /> f - � Insaraace premiums,as required; � . _. �±�=f
<br /> THIRD,to interest due under the Not� , • "`"'°=
<br /> � ' FO to amort�Zation of We principal of the Not�and � • ' "�'��"
<br /> '-;��
<br /> � FI�TH to late chazges due under We Note. ° *.0 �
<br /> 4. Fio[�Fload and Other Ha�cA Insa�an.o� Bonower shall insure all improvements on the Propertq,wheiher . . . •
<br /> . `d:�..
<br /> . ; �,,�, now in eststence or subsequentty ere�ted,aSainst any ha7arOs,c�snalHes.aad oontingencIes.lacluding&e,for wIrich .
<br /> <�. � . : Lender reqnires inswance. This insurance shall be maintaifled in the amounts and fot the perlods that Lender �; �,',
<br /> - reqnires. Borrnwer shall atso insuce au lmprovements on the Property,whether now in exfistence or subsequently ; Y,�,, .;:,,;
<br /> . erecteA,agdinst toss by floads to the extent reqnired by the Secretary. All lnsarance sha11 be c�ed wlth companies . .
<br /> � appraved by LenQer. The inswance policies aad any renewats shall be held by Lender and shall include loss payable - ----:• .
<br /> clauses in favor o�and in a form accepiable to,Lender. • .� , _
<br /> :.,, In the event of loss.Borrower shall glve Lender immediate notice by mail. Lender may make praof of loss if noi . • . ,.
<br /> � " .. made promptty by Bonower. Each insurance company concerned is hereby autltorized and dlrected to make payment , :��,
<br /> for such loss direc[Iy to Lender, instead oF ta Bonower and to Leades jolntty. All or any part of the inswanae .
<br /> ;,,� ' proceeQs may be applled by Leader,at its option,either(a)to the red�ction of the indebtedness under We Note and . .
<br /> thls Security Insuument,first to any dellnquent amounts applled in the order in paragraph 3,and then to prepayacent ,
<br /> -"�i � ' ; of principal,or (b)to the restoradon or repair of the damaged Property. Any application of the prooeeds to the �
<br /> � � •! prin�pal shall not extend or postpone the due date of the monthly payments whlch are referred to ln paragraph 2.or - .. . . .
<br /> � � � change the amount of such payments. Any excess insurance pmceeds aver an amouni requiTed to pay all outstanding _
<br /> � � iadebtedness uader the Note and this�ecurlry Instniment shall be paid to the entity 1e�aUy entitted thereto. , .
<br /> • � In the event of fareclosure of thls Securlty lnstrument or other transfer of title to the Yropesty that extinguishes
<br /> • � � ; the lndebtedness,all right, title and lnterest of Bonower �n and to insurauce pollctes ln force shall pass to the . . •
<br /> . ' purchaser. ,
<br /> . ; S. Oa:upanoy. Pces�tvation. Maintena�ce and Proteedon af the Property, Bormwet's Loan Applieattoa;
<br /> � . Leaseholds. Borrower shall occupy,establish,and use the Yroperty as Bonower's principal residence wlthin sixty days �
<br /> . ' after the esecutIon of Wis Securiry Instrument(or withln sixry days of a later sale or transfer of the Property)aad shall •
<br /> � continue to occupy the Property as Borrower's princlpal tesidence for at least one year after the date of occupan�y,
<br /> � unless Lender determines that requirement will cause undne hardship for Borrower, or uNess extenuating � •
<br /> ' � circumstances exLst which are beyond BorrowePs oonaoL Bonower shall notify Lender of any extenuating .
<br /> .. � NEBR/�SKArF1lA DEN.D OK'IRUSf �
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<br /> � . Decumrn�Sptem�Ina(6W)W4176: Pagc 2 of 6 . .. . .
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