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<br /> ' , �71— �,i�Sa4 �OAN NO. I 5 3 9 2 1 7 2 6 5 '��
<br /> AII�InEUrance poticles and rene�vals shall be acceptable to Lencier arxl shsll Inalude a standard mortgago clause. — -
<br /> � Lender shall have the rlght to hold the pollcles and renewals.If Lender requlres,Borrower shall promptly glve to Lender
<br /> all recelpts of p�ld premlums and renewal notices.In the event of loss,Borrower shall glve prompt notice to the ��y-�-
<br /> Insurance carrler and Lender.Lender may make proaf of toss ff not made promptly by Borrower. _�"''��'--
<br /> ��� Unless Lender and Borrower otherwlse agree In wrtting,Insurance proceeds shall be applfed to restoratfon or repair ':�,s�.
<br /> of the Pruperty damaged,If the rostoratlon or repalr Is economlcally feaslble and Lender's securlty Is not lessened.If the �-�'��
<br /> restoratlon or repalr Is not economlcally feaslble or Lender's securlty would be lessened,the Insurance proceeds shall ��--_
<br /> .w. •
<br /> be applled to the sums secured by thls Secudty Instrument,whether or not then due,wfth any excess pald to Borrower. ,,-r:�_-
<br /> • If Borrower abandons the Property,or does not answer wlthin 30 days a notfce fram Lender that the Insurance carrler
<br /> has offered to settle a clalm,then Lender may collect the Irssurance proceeds.Lender may use the proceeds to repalr _
<br /> �r restore the Properry orto pay sums secured by thls Securlry Instrument,whether or not then due.The 30-day perlod =-
<br /> wlll begln when the notice Is glven. ' �' �•��
<br /> Unless Lender and Borrower otherwlse agree In wrlting,any appllcatlon of proceeds to princlpal shall not extend or .,5���
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<br /> postpone tho due date�f the monthly payrnents referred to In paragraphs 1 and 2 or change the amount of the -_
<br /> payments. If under paragraph 21 the Property Is acqulred by Lender,t3orrower's rlght to any Insurance pollcles end _ _
<br /> � proceeds resulting from damage to the Property prlor to the acqulsltlon shall pass to Lender to the extent of the sums _
<br /> secured by this S$curlry Instrument Imm e d iate ly pr lor to t he acqu ls l t lon. :�Y�-
<br /> e.Occupancy,Preaervatlon,Malntentnce end Protectlon of the Property;Borrower'e Loan Appllcatlon; ��°
<br /> Leaaeholda. Borrower shall occupy,establlah, and use the Properry as Borrower's princlpal resldence�wlthln slxty days .��`�
<br /> .� after the executlon of th(s Securlty Instrument and shall contlnue to occupy the Property as Borrower's princlpal _,s�.�
<br /> rosldence for at least one year siter the date of occupanoy,u�iless Lender otherwlse agrees In wrlting,whlch consent _--
<br /> shall not be unreasonably wlthheld,or unless extenuating clrcumstances exlst which are beyond Borrower's control.
<br /> � Borrower shall not destroy,damage or Impalr the Property,allow the Property to deteriorate, or commit waste on the _'a
<br /> , , Property. Borrower shall be ln default If any forfelture actlon or proceeding,whether clvll or criminal,Is begun that In
<br /> Lpnder's good fafth judgment could result In torfelture of the 1'roperty or otherwlse materlslly Impafr the Ilen created by �?;:,
<br /> ._ �• t�,1�Securlty Instrument or Lender's security Intere&t.Borrower mey cure such a default and relnstatA,as provlded In �.f_�__
<br /> �, paragraph 18, by causing the aotlon or proceeding to be tllsmissed wrci�a ruiing ihai,iri Le3�ier's good talth
<br /> determinatlon, prectudes fortefture of the Borrower s Interest In the Property or other materlal Impalrment of the Ilen
<br /> ;. created bythls Securlty Instrument or Lender's securlty Interest.Borrower shall also be In default If Borrower,during the
<br /> �,• loan appllcatlon process,gave materlally false or Inaccurata Informatlon or statements to Lender(or falled to provlde _
<br /> Lender wlth any materlal Informatlon)In connectlon w(th the loan evldenced by the Note,Includ(ng,but not Ilmlted to,
<br /> ' representatlons concerning Borrower's occupancy of the Property as a princlpal resldence.If thls Securlty Instrument Is �
<br /> ��' on a leasehold,Borrower shall comply wlth ell the provlsfons of the lease. If Borrower acqulres fee tltle to the Property, o
<br /> � � the leasehotd and the fee tftle shall not merge unless Lender agrees to the merger In wrlting. __
<br /> � 7.Protectlon of Lencler's Rlghts In the Property. If Borrower fails to pertorrn the covenants and agreements __
<br /> # contalned In thls Security Instrument,or there is a legal proceed(ng that may slgnlflcantly affect Lender's rights In the
<br /> :�. Property(such es a proceeding In bankruptcy, probate,for condemnatlon or fortelture or to enforce taws or =
<br /> � regulatlons),then Lender may do and pay for whatever Is necessary to protect the value of the Property and Lender's
<br /> rlghts In the Property.Lender's actlons may Include paying any sums secured by a Ilen which has prlority over thls
<br /> ±, Securlty Instrument,appearing In court,paymg reasonable attorneys'fees and entering on the Property to make
<br /> j4; repalrs,Although Lender may take actlon under thls paragraph 7,Londer does not have to do so.
<br /> - , '•��; Any amounts disburs�ci by Ler�ue�u���e�.hls p�ragrup::y�r�:!become additlonal debt of Borrower secured by �._—���_._.___ _
<br /> '� Int�est from the date of dlsbu sement ae the N ote at aand shal�be payable,t h Interes h upon notice froml ender to = _
<br /> '• Borrower requesting payment �:�--�--
<br /> 8.Martgage Insurance. If Lendar requlred mortgage Insurance as a condlt{on of making the toan secured by thls � _�
<br /> Securfty Instrument,Borrower shall paythe premlums requlred to malntaln the mortgage Insurance In effect.If,for any
<br /> reason,the mortgage Insurance coverage requlred by Lender lapses or ceases to be in effect,Borrower shall pay the _
<br /> - . � premlums requlred to obtaln coverage substantlally equlvatent to the mortgage Insurance prevlously In effect,at a cost �:�;;�_
<br /> � � substantlalfy equtvalent to the cost to Borrower of the mortgage Insurance prevlously In effect,from an alternate v _ __�i---:
<br /> mortgage Insurer approved by Lender.If subs2antlally equlvalent mortgage Insurance coverage Is not avallable, '� ,�.:-�.;,
<br /> � Borrower shall pay to Lender each month asurn equal to one-twelfth of the yearly mortgage Insurance premlum being '�.�'=•
<br /> pald by Borrower when the insurance coverage lapsed or ceased to be In effect. Lender wlll accept,use�nd retaln these �.;;�:`;�r��;n��:
<br /> payments as a loss reserve In Ileu of mortgage Insurance.Loss reserve payments may no lonqer be requlred,at the ; xa�',�;..
<br /> op t lo n o f L e n d o r, I f m o rt g a g e Ins urance covera ge(In the amount and for the periods that Lender requlres) provlded by '.y;°_'�"��'
<br /> an Insurer approved by Lender agaln become�avallable and is obtalned. Borrower shall pay the premlums required to ,
<br /> - malntaln mortgage Insurance In effect,or to provlde a loss reserve,untll the requirement for mortgage Insurance ends
<br /> In accordanae wlth any wrltten agreement between Borrower snd Lender or appllcable law. �
<br /> _ 9. Inspeatlon. Lender or its agent may rnake reasonable entrfes upon and Inspectlons of the Properry. Lender
<br /> - shall give Borrower notice at the tlme of or prlor to an Inspectlon specffying reasonabie cause for the Inspoctlon.
<br /> NEBRASKA-SINGLH FAMILY••FNMA/FHLMC UNIFOHM tNSTRUMEN7 FORM 3028 9/30
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