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<br /> � 9T'� 11,d8�;Z LOAN N0. 1 5 5 s 2 a o s 2 e =____
<br /> � All insurance policles and ronowals shall be acceptable to Lencier end shail Include a standard rnurtgago clause. -__--
<br /> Lender shall have the rlght to hold the pollcles and renewals.If Lender requires,Borrower shall promptly give to Lender ::.��F,
<br /> all recelpts of pald premlums and renewal notices.ln the event of loss,Borrower shall give prompt notice to tho ______ -_
<br /> Insurance carrler and lender. Lender may make proof ot loss if not made promptly by Borrower. -`
<br /> � °'� Unless Lender and Borrower otherwise agree In wrfting,insuranr..e proceeds shail be applled to restoratlon or repalr �:.
<br /> � of the Property damaged, If the restoratfon or repalr is economically feasibte and Lender's security Is not lessened.If the o,
<br /> restoration or repalr is not economically feasible or Lender's security would be lessenad,the insurance proceeds shail �.._
<br /> �Q�RR���to the sumc sACUred by this Security Instrument,whether or not then due,with any excess paid to eorrower. !+':' �_
<br /> If Borrawer abandons the Property,or does not answer wtthin 30 days a notice from Lender that the tnsurance carrfer � �__..
<br /> • has offered to settle a claim,then Lender may collect the insurance proceeds.Londer may use the proceeds to repair
<br /> or restore the Praperty or to pay sums secured by thls Securtty Instrument,whether or nut then due.The 30-day per(od
<br /> will begin when the notice Is g(ven.
<br /> Unless Lender and Borrower otherwlse agree In wrfting,any appllcatlon of proceeds to princlpal shall not e.ctend or
<br /> postpone the due date of the monthly payments 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,Borrower's right to any insurance palicles and
<br /> pra�eeds resulting from damage to the Property prlor to the acquisitlon shall pass to Lender to the extent of the sums _
<br /> secured by this Secur(ty I nstrument Immediately prior to the�cqulsition.
<br /> e.OCCUpAncy,PreservAtlon,Mainten�ncs end Protection of the Property;Borrower's Loan Applicatlon;
<br /> Lea�eholdt. Horrower shall occup�,establish,and use the Property as Borrowar's princlpal�esldence withln sixty days
<br /> after the exeautlon of thls Security Instrument and shell contlnue to occupy the Property as Borrower's principal
<br /> resldence tor at least one year after the date ot occupancy,unless Lender otherwlse agrees In writing,whlch consent
<br /> shall not be unreaeonably withheld,or unless extenuating clrcumstances exist whlch are beyond Borrower's control.
<br /> � Borrower shall not destroy,damage or Impalr the Property,atlov+the Property to deteriorate,or commit waste on the
<br /> � Property. Borrower shall be In default if any forfelture actlon or proceeding,whether civil or criminal,Is begun that in
<br /> � Lender's good falth Judgment could result In forfeiture of the Property or otherwlse rnaterlally Impair the Ilen created by
<br /> this Security Instrument or Lender's securiry Interest.Borrower may cure such a default and reinstate,es provlded In
<br /> '� paragraph 18,by causing the actlon or proceeding to be dlsmissed with a ruling that,In Lender's good faith - --
<br />__ � determinatlon.precludes forteitur�of the Borrower's Interest In the Property or other materlal Impalrment of the Ilen
<br /> ' created by this Security I nstrument or Lender's security Interest.eorrower shalf aiso be in defauit ir 8orrowni,durin�the
<br /> loan application process, gave materially taise or Inaccurate Informatlon or statements to Lender(or falled to provide
<br /> Lender with any materlal (nformation)in connectlon with the loan evtdenced by the Note,Including,but not Iimlted to,
<br /> representatlons conceming Borrower's occupancy of the Property as a princlpal residence.If this Security Instrument Is -
<br /> on a leasehnid,Borrower shall comply with all the provlalons of the lease. If Borrower acqulres fee title to the Properry, �-
<br />_ I the Ieasehoid and the fee title shall not merge unless Lender agrees to the merger in writfng. -.
<br /> 7.Protection of Lender's Rights in the Property. If 8orrower falls to perform the covenants and agreements .��
<br />� � contalned in thls Security Instrument,or there Is a legal proceeding that may slgnlficantly affect Lender's rights in the '--�
<br /> Property(such as a proceeding In bankruptcy,probate,for condemnation or forfefture or to enforce laws or --����
<br /> regulations),then Lender may do and pay for whatever Is necessary to protect the value of the Property and Lender's ______.
<br /> � • rights in the Property.Lender's actlons may include paying any sums secured by a Ilen whlch has priority over�his
<br />- �,� Security I nstrument, appearing in court,paying reasonable attorneys'fees and entering on the Froperty to make � :--�
<br /> .�•, repalrs.Although Lender may take actlon under this paragraph 7,Lender does not have to do so. �:�,.
<br /> �` Any amounts dlsbursed by Lender under this paragraph 7 shall become addit(onal debt of 8orrower secured by �°-=
<br /> " thls Security I nstrument. Unless Borrower and Lender agree to other terms of payment,these amounts shall bear �:�'----
<br /> t. interest from the date of dlsbursement at the Note rate and shall be payable,with interest,upon notice from Lender to �__ --
<br /> . ,� Borrower requesting payment. �;:�
<br /> �.�.� 8.Mortgage Insuranee. If Lender requfred mortga�e(nsurance as a conditlan of maldng the loan secured by thls - �--___
<br /> � Security I nstrument, Borrower shall pay the premhams requlred to maintaln 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 /> � premiums requlred to obtaln coverage substantlally equlvalent to the mortgage insurance prevlously In effect,at a cost _—
<br /> substantlally equlvalent to the cost to Borrower of the mortgago insurance prevlously In effect,from an alternate �:�$s:_�
<br /> . mortgage insurer approved by Lender.If substantlally equivalent mortgage Insurance coverage Is not avallable, . ,�;.;�
<br /> Borrower shall pay to Lender each month a sum equal to one-twelfth of the yearly mortgage insurance premlum being ��:��._
<br /> paid by Borrowerwhen the insurance coverage lapsed ar ceased tb be In effect.Lender wlll accept,use and retain these �• ��.
<br /> payments as a loss reserve in Ileu of mortgage Insurance.Loss reserve payments may no longer be requfred,at the '
<br /> optlon of Lender,If rnortgage Insuranco coverage(In the amount and for the perlods that Lender requlres) providsd by �
<br /> an Insurer approved by Lender agaln becomes avaflable and is obtained. Borrower shall pay the premlums required to
<br /> _ rnalntain mortgage insurance In effect,or to provide a loss reserve,untll the requirement for mortgege fnsurance ends
<br /> in accordance with any written agreement between Borrower and Lender or applicable law.
<br /> 9. Inspection. Lender or Its agent may make reasonable entrles upon and fnspectlons of the Property. Lender
<br /> , shall glve Bormwer notice at the time of or prlor to an Inspectlon specifying reasonable cause for the inspectlon.
<br /> NEBRASKA••SINGLE FAMILY••FNMA/FHLMC UNIFORM INSTRUMENT •� • � ' FORM 30289/90
<br /> � ISC/CMDTNE//0792/302819-90)•L rAiit:f c:�r o �- -
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