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<br /> � . w L�ANNO. 1539217091 . , �• ,•�:
<br /> • ',� j Ali tnsurance poficies artd renew&�ts st�a116a exepffib[e to Lender and strail(ndade a stattdard mortgage ciattse. ` . � � .. .
<br /> ` .. ,- �`� ' lender st�l!have the right to hoid the poticies and renewais.ff Lender requU�s,�ortower shaA promptly glva to Lender •
<br /> , . .' aU receipts af paid premfums and ranewal rtotices.ln the everrt of toss.Barrower shaU give promlot notics to the � ` . :
<br /> ' .', . : insurance carrter and Lertder.Lender may make procf of loss if not made promptiy by Borrower. � � ���r-:�,..�.�
<br /> • :�� .=.£ UNess Lender artd Borrotver othervuise agree in wiiting,tnsurance proaeeds shall be a�plied to�estoretton or�epair �
<br /> `"��-�,-� of the Property damaged.if the restoradon or repatr ts economicatly fe�sible and Lenders sec�trity is noi[essened.lf the '
<br /> -. -::�°�? �oratton or repatr fs nat economlca1ty teasmte or lender's securfry woutd be lessened.the Insurance praceeds shatl �� : • .. "; -
<br /> - bs applied to tha sums secured b this Secu InsWmaM,whether or rtai then due,wRh �7;�.:: �
<br /> -.' - ` � If Bor�ower abandons t he Pro e Y � a�y excess pa[d to Barrower. � . _ .
<br /> p riy,or does no!answer with(n 30 days a no�ce from Lender that the insuranoe carrfer `
<br /> � has affered to settte a claim.then Lender may coflect the Insurance proceeds.lender may use the proceeds to r�epaU . `. .T�,,F
<br /> _. . � .:� or restore the Property orto pay�urns secured by this Security Instrumertt,whether or not then due.The 30-day pedcd � ' 4
<br /> . � `�:� wIU begin when the na3lce is given. ..
<br /> .'�� .�. Unless Lender and Borrower cri►erwfse agree in writling,any appHcation of proceeds to pdncipai shali not�dend or '�.
<br /> pa�4pone the dae date of the monthly paymer►ts referred to in paragraphs i and 2 or change the amouM of the � ..::�
<br /> ' . paymeritss. if under paragraph 21 the Property is acquired by Lender,Borrower's rfgfit to any tnsurance policias and ':���.-:-�
<br /> , proceeds nasu(ting from damage tsthe Prc�erty prior ta the acquisf�on shaJl pass to Lender to the exteM af ttne sums �- . - y�
<br /> � secured by this Securiry InstrumeM tmmedtately pdor to the acqufsftion. ��� '�'`�'3`
<br /> ' � • ` 6.Occupancy�Presen�tion,Mairnenance ansl Prat�on of tha Proper4q;�orrower's Loan Appi�cstion; - • '�- : `._ �_
<br /> � Leasehoids. Borrower shall occupy.estabitsh.and use the Property as Bomower's prtncipal residence w�thtn shdy days �:':;.,�:��:::'�.�-
<br /> . � . ` after the executton of thts Security Irtstrumerrt and shail caMtnue to occupy the Property as Borrower's prtncFpal . �. ; `�.=-
<br /> res i dence t or a t l e a s t one year a f t er t he date o F ac�upancy.an less L en der o t herwise agrees In wdting,which conseM ��.�,,�: ' —
<br />- . shaII nat be unreason�btywithhetd.or uNess extenuating ctrcumstances exist which are bsyortd Bonc+nrer'scor�trot. �°.:�;:.::;s.``���,.;`="�
<br /> ' ` ` Borrower shafl not destroy.damage or im�trthe Property.a(low the Property to deteftorate,or commit waste on the -'' ; ��;�.��__�`--
<br /> Property.Borrawer shati be tn defauit ff any fortetiure actlon or proceeding,whether civit or criminat.is begun tbat In , , ��...�_�;°-
<br /> � Lender's goad tatth judgmern co�d resuit[n forteitnre of the Pmperiy or athervutse rnaterlalty impair the I[en creffied bY � • :' ,;-.�. :;�?
<br /> � � � thls Security Instrumern or Lender's securityy interest BoRawer may cure such a defat�tt and reinstate.as provtded(n .. �-�'�
<br /> � • para�aph 18.by causing the acttcn or proceeding m be dismtssed wIth a ruiing tt�t.tn Lender's good faiih �..- �.:-�.�y� � f'"'=�
<br /> :f;,:.,^ �� .- determtnattan.Preciud�torfefture of the Borrower's interest in the Property or other maYertal fmpafirment cf the Iten ' �'�'"�
<br /> � , created by this Security insirument or Lenders security interesL Borrower shall afso be ta defautt tf Borrower,during the �. ��.I':���
<br /> ' ' . , tc�n appitr,�tion process,gave maietially taise or Inaccurate infotmattQn or stafemettts to Lender(or tatled to provlde ���`
<br /> � I.ender wfth any material ir�fom�atton)in connectlon with the ioan evidenced by the(�ote.irtcfudi�g,tout not Ifmfted to, � � ;`�:�
<br /> • . representattons conceming Barrower's accupancy of the Property as a principai restctence.if tf�is Security tnstrumeni is ' . . ���±;.:�-,y..
<br /> . ' . on a teasehold.Borrower shall compiy wfth all the prov[stons af the iease. tf Bonawer acqutres fee tfde to the Property, � � � ` %'���,-
<br /> � the teasehofd and the fee tiHe shall not merge uNess Lender agrees to the merger tn writing. ,, ��'-;:
<br /> . . ,. .
<br /> . . � > '7.Protectton of Lender's RigMs in the Property. lf Borrower faits to perform the covenants and agreemeMS � �� r��-
<br /> .� � . coniained U this Security Inswment,or there is a legal proceedtrtg that may stgnHlcan�y afl`ect LendePs rights in the - �. �; � . �;�'!.'"�--
<br /> . .___,:_ , Prope rt y(su c h as e procee d ing tn b a n k r upicy,pro bate,tor condemnation or f odeiture orta e�orce taws or • '-`r• � .�y —
<br /> � � � .� regulatlons).then lender may do and pay for whatever is necessary to pmiect the value of the Property and Lender's � ��.�:�,�� '' ��""-
<br /> � � rtghts tn the Properry.Lenders actians may include paying any sums secured by a lien which has prfority werthis `'����°�
<br /> . . . •, �;.,y
<br /> � Security tnstrument,appea�ing[n caurt,paying reasonabte attomeys'tees and errte�ing on the Propertyto make �#�-�_
<br /> ' � repairs.Atthough Lender may talce acUon under this paragraph 7.lsndar does not have to do so. , , �. •. � . _�,,t-..
<br /> � . Any amounis disbursed by Lender underthis paragraph 7 shatl become addfttonal debt of Borrower secured by . � � ° ���"�-r.� .
<br /> ". . • this Security InstrumeM.Unless Borrowet and Lender agree to bther terms of paymern.these amourtts shall bear � � � '�;`�'_
<br /> inierest from the dffie of disbursement at the Note rate and shall be payable,wtth Interest,upon notice irom Lender to '�� �� � '`-��
<br /> - , Borrower raquesttn8 PaY�� . ��;.,�..
<br /> . . ,� ��
<br /> � . ' 8.MoRgage tnaurance. If lender required mortgage tnsurance as a condi�on af makfig the loan secured by this � '� �~�`
<br /> � , � Secudty Instrurnent,Borrower shall pay the premtums required to mairttain the moRgage insuran�e in effect If,for any -. ,;�.
<br /> �� reason,the mort�age insurance coverage required by Lender lapses or ceases to be in effect,Borrower shall pay the �' ' � ' . .
<br /> . premiums requTred to obtain wverage substanttally equivalent to the mortgaga insur�ance prevtousty in effect,at a cost ' � .
<br /> � , . � substaMialty equtvalerrt to the cost W Borrower of the maRgage Insurance prevlovsly!n effecL from an attemate � '' _ --
<br /> moRgage insurer approved by Lender.If substantial(y equhralent moRgage insurance coverage is noi available, � � • . ��
<br /> . . � : � Borrower sha11 payto Lender¢ach month a sum equai to one-tweffth oithe yeady mortgage fisurance premtum being � �
<br /> : , pald By Borrower when the Insurance coverage Iapsed or ceased to be in effect Lender w311 accept,use and ratain these :, � �
<br /> � �� payments as a toss reserve in Ileu of mortgage insurance.Loss reserve payments may no longer be required.at the � � ,. �
<br /> :. -4 � • opilon of Lender,H mortgage insurance cflverage(in the amount and for the periods that Lender requlres)provided by - �
<br /> • � : � an fisurer approved by Lender again becomes avaiJabte and is obtained. Bonower shall paythe ptemiums requlred to �. .. " - .. �
<br /> malMain moRgaga insurance in eNect,or to prwide a toss reserve,untit the requirement for mortgage Insurance enda
<br /> ; . i in accordance with arry written agreement beiwean Borrower and Lender or appUcable taw. ' • � � .
<br /> � � � e tnspeallon. Lender or its agent may make reasonable eMrles upon and inspeauons oithe Properry. Lender . • � � •
<br /> sl�ali ghre Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection. • � � � ,
<br /> � NfCBRASKA-SINGIE FAMILY-FNMA/FHLMC UNifORM INSTqUMENT . FCRM 30?�9/90 . •
<br /> , . � ISC/CMDTNE//0792/3028(990}L PAOE30f 6 . . � . . �
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