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<br /> . . - A �4�•. i'TJASY
<br /> Borrower ahall promptly discharge any lien which has prioriry ovrr tbis Securiry lnstrument unless Borrower: (a) ' •� .ti,'��-�•�'
<br /> ��w�,�,...,
<br /> Asrees in writing to the payment of the obligatlon secured by the Ilen in u manner acccptable to I.i:nder: (b)contests in good . �..,,•;g;,;�
<br /> falth the lien by, ar defends agalnst enforcement of the lien in,iegnl praceedings which in the Li;nder's apinion�perate to .
<br /> , prevent the enforcement af the lien; or (c) secures from the holder of the lien an agreement satisfactory ta I...ender , . .�«,,,.�;
<br /> subordinating the lien to thie Security Instrument.If Lender determines thnt nny part of the Property is subjec[[o a licn which ; , q'�.�;,
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<br /> may attain priority over thls Security Instrument, l.ender may give Bonower a noticc identifying the lien. Borrawer shall ,�;���
<br /> � satisfy the llen or take one or more of the actions set forth above within 10 days of the giving of notice. .. ,.,;
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<br /> 5.Hazard ar I'roperty IInsurance.Borrower shall keep the improvements now existing or hercafter erected on the :,.,:;;;:;,;__ _
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<br /> `� Property insured against loss by fire,hazards includeci within the term°extendcd covera�e"and nny other hazards, including . r����k,�,__
<br /> �,.�..,�•�+#l tloode or flooding, for which Lender requlres it�surance. Thla insuraeice ehall be maintained in the amounts and for thc :;,���,._��
<br /> ..�-� �*��. erlods that Lender requlres.'I'he insurance caMer providing the insurance shall be chosen by Dorrower eubject to Lender's � .'�����,J�_
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<br /> approval wbich shell not be unreasonably wlthheld. If Bonower fails to msintain coverage described above, Lender may, —__
<br /> ;, at Lender's option,obtain wverage to protect lxqder's dghta in the Property in accordance with paragraph 7. _�'__
<br /> All insurance pc�licies and renewala shsll be accepcable to I.ender and shall include a standazd mortgage clause. --
<br /> � Lender shall have the right to hold the policies and renewals. lf L.ender requires, IIorrower shall promptly give to I.ender .�,-- _ ____
<br /> all receipts of puid premiums and renewal notices.In the event of loss. Bonower shall givE prompt notice to the insutance �N
<br /> cturier and Lender. Lender may make proof of loss if not made promptly by Borrower.
<br /> Unless L.ender and Bonower otherwise agree in v�riting,insurance proceeds ahall be applied to restoration or repair �.-�—
<br /> � :� of the Pral�ertY damaEe�. if the restoratiun or repair is economlcally feasible and Lender's security is not lescened. If the =._
<br /> th�inaurnnce proceede shall be
<br /> restoration or rep a ir is no t economicall y feasible or Lender's secudty would be lessened, `�,__
<br /> applied to the sums secured by this Security Instrument, whether or not then due,with any excess paid to Borrower. I f @,=
<br /> Borrower abandons the Pcoperty, or does not t+nswer within 30 days a notice from Lt:nder that the insurance carrler bas
<br /> ' - offered to settle a claim,then Leader may collect the insurance proceeds. Lender may nse the proceeda to repair or restore I`_^--�
<br /> the Property or to pay sums secured by this Securiry Instrument,whether or not then due.The 30-day perlod will begin when 1: �
<br /> the notice is given. ���_
<br /> �. oceeds to rinci al shall uot extend �-�----. .
<br /> Unless Ixnder and Bonower otherwise agree in writing. any application of pr p P ___ _
<br /> � or postpone the due date of the monthly payments refenred to In paragraphs 1 and 2 or change the amount of the payments. ��;�;�
<br /> �' If under paragraph 21 the Property is acquired by Lender, Borrower's right to any insurance policies and proceeds resulting '";��•.--
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<br /> from damage to the Property prior to the acquisition s6e11 pase ro Lender to the exrent of the sums secured by tbis Security s`��.'
<br /> '� " Instrument immediately prior to the acquisition. �"'"
<br /> • 6. Occupancy, Preservation, Meintenance and Protection oY the Property; �orrower's Loan Application;
<br /> . _ ����l�, Anrrower shall occupy,establish,and use the Property as Bonower's principal residence within eixty days after ^=
<br /> � t h e e x e c:udon of this Securtty Instrument and shall contlnue to occupy tha Propeny a� Bo�iower's principa!r�ideacs for at
<br /> . �.. least one year after ehe date of occupancy, unless Lender otherwise agrees in w r itins, w h ic h w n s e n t s h a l l u o t be —
<br /> �' unreasonably withheld,or unless extenuating circumstances exist which are Ueyond Borrower's conual.Boaower shall not _
<br /> �� destroy,damage or icnpair the Property,allow the Property to deterloratc,or commit W+aste on the Property.Borrower shall
<br /> ;:. be in default if any forfeiture actioa or prace°ding, whether civil or crimiaal,is begun that in Lender's good faith judgment
<br /> could result in forfeiture of the Property or otherv�ise materially impair the lien created by this Security Instrument or
<br /> ' Lender's security interest.Honower may cure such a default and reinstate,as provided in pazagraph 18, by causing the
<br /> action or proceeding to be dismissed with a ruling that, in Lender's good faith determination,prec:ludes forfeiture of the
<br /> Borrower's interest in the Property or other materlal impairment of the lien created by this Security Insuument or Lxnder's _
<br /> security interest.Borrower shall also be in default if Bonower, during the loan applicatlon process, gave materiaxly false
<br /> or inaccurate inforn�ation or statements to Lender�or failed to provide Leader with any matedal informatioa)in connection
<br /> �" with the loan evidenced by the Note,including,but aot liinited to,representations concerning Borrower's occupancy of the
<br /> .. ___ .
<br /> �'. Property as a principal residence.If this Security Instrument is on a leasehold,Borrower shall comply wlth all the provisions
<br /> .� of the lease. If Borrower acquires fee tide to che Propeny, chC ir.�c�,old and the fee title shall not merge unless Len er =__ ___
<br /> • agrees to the merger in writing.
<br /> 7. Protection of I.ender's Rights in the Property. If Bonower fails to perform the covenants and agreements
<br /> � contalned in this Security Instrument, or there is a le�al proceeding that m».y significantly affect Lender`s rights in the =
<br /> � Property(such as a proceeding in bankruptcy,probare, for condemnation or forfeiture or to enforce laws or regulations), —
<br /> • � then Lender may do and pay for whatever is necessary to protect the value of the Property and Lender's rights in the
<br /> � Property.Lender's actions may include paying any sums secured by a lien which has pridrity over this 5ecurity Instn�ment, ''���_
<br /> � appearing in court, paying reasonable attorneys' fees and entering on the Property to make repairs. Although Lender may �_-----
<br /> � take action under this paragraph 7, Lender does not have to do so. ���°""'-
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<br /> Form 301A 9/90 Amended S/91 ' ' � ;�:
<br /> NEBMSKMSfngle Famity•FN111A/AHLM1iC UNIFORM iNbTROME1rT N�e 1 ot� �'� ��":;"�'
<br /> ICGNPS2147t.PCLfi/9'I . ,�
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