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<br /> 97'� 1(}64,�() LOAN NO. 1 5 3 9 2 i 7 0 3 a '
<br /> All Insurance po��cles and renewals shail bo acceptable to Londer and ehall Include a standard mohgage clause. �: _.
<br /> iveto Lender � r
<br /> Lender shall have the iight to hdd tha pollcles and renewals.If LendAr requlres,Borrower shall promptly g ,, S.
<br /> ail receipts of paki premlums and ronewal notices.In the event of loss,Borrower shail 9hre prompt notica to the �
<br /> insurance carrier snd Lender. Lender may make proot of loss if not mRde promptly by 8orrow'�to restoration or repair .. •.'�"
<br /> Unless Lender and Borrower athervuise agrse in wrfting,Insurance proceeds shall be aPP� �:,:• �,:�:�-�:�.
<br /> ,,;,,..�+ . If the restoratlon or repa lr Is econo m i c a l l y f e a s i b l e a n d Lender's securiry Is not lessened.If the �. :" ,-.: *,,y�. _
<br /> ot the Property damt�ged� '
<br /> � � restoration or repal�Is nat economlcally feaslble or Lender's securfty woulcl be lessened,the Insurance proceeds shal i
<br /> be applled to the sums secured by this Seaurity Instrument,whether or rsot then due,with any excess pald to Borrower. ;��',,�r�,� w-�.
<br /> ^.+�.�T��:_:�.�-
<br /> If Borrowe�r��le a chalmrQhen Lendermay coilect the iinsurance p oceeds.Lender m y use the proceeds o erpalr ��•,rT;�4� -�_
<br /> has offe suma secured by this Securlry Instrument,whether or not then due.The 30-day period � _� _ ,_
<br /> or restore the Property or to pay r.'
<br /> wfll begin when the natlae Is givon. ��'��-
<br /> Unless Lender and Sorrower otherwlse agrae In writing,any appllcatlon of proceeds to principal shall not extend or �'`�.
<br /> postpane the due date of the month1y payments rAferred to in paragraphs i and 2 or change the amount of the k��g
<br /> payments. If unde�para9raPh 2� the Property�s acquired by Lender,Borrower's right to any insurance policles and �^,=•_
<br /> � proceeds resulting from damage to the Property prlor to the acqutsftlon shall pass to Lender to the extent of the sums —
<br /> secured by this Soaurity Instrument Immedlataly prlor to the acquls(tlon. P {i�atton; -=.- _
<br /> e.Occupancy�Pretervation,Mdestab�h,and usethe Property as Borrower'aprincwpa�iesd�cewithin sixty days ��
<br /> Leasehold�. Borrower shall occupy, the PropeRy as Borrower's princfpal ___
<br /> . �;�� after the executlpn of this Securit}►Instrument and shall continuo to occupy — _
<br /> . residonce founreasonab►y wfthheld,oreunless�xtenuat ng circumstan es xist whilch are beyond Bogro e�r's cont olt �
<br /> ` �� shall not be -
<br /> � Borrower Borrowe shail be�in de ault ifiany fa►'fe ure actio o'r proceedingewhe�heetc�o o�orimine�� is begun that Ine
<br /> . Proparty
<br /> Lender's good fa�th Jud9m Lender's secu�rity int eest Borrower ay cu e such a�de ault and re nsatalte,as1ep rov{ded inby �
<br /> this Security Instrument or 1t "�
<br /> aragraph t8,by causing the action or proceeding to be dsim^ihedProherty or o her�materia lmparrn nt of the lien
<br /> �� determinatlon,precludesforfeiture of the Borrower's Inte e p
<br />- - -- � .:y vsvgi� Ifcatfon roce�s,ga emmateri ty faise o enac uidt&IiitBftTiailan or sietem n�on ende'r(or��alad o provide he
<br /> loan app P
<br /> � Lender wtth any material Informatfon)In connectlon with the loan evidenced by the Note,Including,but not limnea co, —
<br /> ,�::,,�,: reproeaseholdg Borrower s ai�comply with atl�the pr�ovlslans of the lease r�lfCBorrowe�r acquires ffee t�tle to the P operty,g — _
<br /> on a
<br /> � the leasehold and the fee title shall not merge unless Lender agrees to the merger In wrfting.
<br /> 7.Protectlon ot Lender's Right�in the Pro�eKy. If Borrower falls to perform the covenante a�d agreementa
<br /> - � contelned in thls Securi eln�slnu nebankrupt y�probate,f or condie tnat onaor fo e etor to enforce laws�orhts in the
<br /> PropertY(such as a proc 9 R;�
<br /> regulstions),then Lender may do and pay for whatever�n�H eS�ms sepcured by a Ilen which has pr o ity over this�S '_=
<br /> rfghts In the Property. Lender's actlons may include pay 9 Y
<br /> , Securiry Instrument,appearing In court,paying reasonable attorneys'fees and entering on the Pmperty to mak�
<br />-�`.:, . repa�rs.athough Lender may take actlon under thts paragraph 7,Lender does not have to do so.
<br />" ' ' An�/amounts disbursed by Lend�r�ue and L�ende8agree t othet er s ot payment,�these am�ounWS sha 1 bea by
<br /> � ' � • f this Securlty Instrumer�.Uniess Bo
<br /> � -- intereat from the date of disbursement at the Note rate and shall be payable,wfth interest, upon notice fram Lender to
<br />' • . .�� Borrower requestfng payment.
<br /> � 8.Morty�0e Insunnce. If Lender�euired fm ums requlred onmaa tain the mortgage In�urance In eHectrlf�,for any
<br /> �!�• •>' Security Instrument,8orrower shall pay p
<br />-. ��- ;;,s,,�;' reason,the mortgage Insurance coverage rnquired by Lender lapses or ceases to be In effect, Borrawer shall pay the
<br /> ' � premlums requlred to obtaln coverage substantially equivalent to the mortgage Insurance prevlously In effect,ai a cost
<br /> � ��1�"� substaMlally equivalent to the cost to Borrower of the mortgage insurance prevlousiy In effect, from an alternate
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<br /> �'� ' '�� '" mortgage Insurer approved by Lender.if substantlatly equfvalent mortgage Insurance coverage Is not avallable,
<br /> ��-f�'. �� Borrower shail pay to Lender each month a sum equa l to one•twelfth of the yearly mortgage insurance premlum being _
<br /> r paid by Borrower when the Insurance coverage lap s e d o r c e a s e d t o be In emeents may no longeebe equiredrat t hehose
<br />`'` `:�::�;:; --
<br /> paymenta as a loss reserve in lieu of mortgage Insurance.Loss reservo pay __
<br /> }� option of Lender,if mortgage insurance coverage(In the amount and for the periods that Lendhe premiums required o — _ _
<br /> an Insurer approved by Lender agaln becomes avallable and is obtafned. Borrower ahail pay
<br /> i� malntaM marcga9e insurance in effect,or to provide a loss reserve,untli the requ�cable awr mortgage insurance ends _
<br /> ' in accordance with any written agreement between Borrower and Lender or app� u'
<br /> ..�,,.;
<br /> � 9. Inspection. Lender or fts agent may make reasonable entrtes upon and inspections of thc�Property. Lender j * j
<br /> • �.1.::,,.•
<br /> t shall give Borrower notice at tha time of or prlor to an fnspectlon specftying reasonabte cause for the Inspectlon. Y:j:�l�,a:�;.:�5�w.
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<br />_ ; � FORM 302d 9/90 ' •
<br />- � � NEBRASKA--SINGLE FAMILY»PNMA/FHLMC UNIFORM INSTR PAGE 3 OF 6 • '
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