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<br /> # LOANNO. 1s3sz1e1 �s �:;��
<br /> '� All Insurance pollcles and renewals shall be acceptable to Lender and shall Include a standard mortgage clause. �``���
<br /> �'� l.ender ahall have the right to hdd the policies and renowsls.If Lender requlres,Borrower shall promptly gfve to Lender �`.+_
<br />_ �, all recelpts of pald premluma and renewal notices.In the event at loss, Borrower shall glve prompt natice to the E�_____
<br /> Insurance carrler and Lender. lender may make proot of loss H not made promptly by Borrower.
<br /> Unlesa Lender and Borrower otherwlae egree In writinp,insurance proceeds shall be epplled to restoratlon or repaIr �"m
<br /> °' of the Property demaged, H the rastoratlon or repair Is�conomlcally fe�slble and Lander's securfty Is not lessened. If the �.
<br /> �� restoratlon or repalr is not economlcally feasible or Lender's security would be lessened,the Irisurance proceeds shall ����
<br /> � � be applled to the sums secured by thfs Security Instrument,whether or not then due,wfth any excesa pald to Borrower. ,
<br /> ....Y If Borrower abandone the PropeRy,or does not answer wlthin 3D days a notice from Lender 2hat the Insurance carrler ��
<br /> � :,�,r,�`��' � hae offered to settle e claim,then Lender may cdlect the Insurence proceeda.Lender m�y usA the proceeds to rep�lr c
<br /> o�restore the Property or to pay sums secured by this Securiry Instrument,whether or not then due.The 30-day perlod
<br /> wUl begln when the notice la given.
<br />_`��" � Unless Lender and Borrower otherwlse agree in writing,any spplicatlon of procaeds to princlpal shall not extend or
<br /> � postpone the due date of the monthly payments referred to In paragraphs 1 and 2 or change the amount of the
<br /> ` q; . payments. If urxler paragraph 21 tha Property Is acyuired by Lender,B�rrower's right to any Insurance p�licles and
<br /> - proceeda resuiting from damage to the Property prior to the acquisitlon shall pass to Lender to the extent af the sums —
<br /> ';�� •�-�� secured by thls Securiry Instrument Immedlately prlorto the acquisftlon.
<br /> �' � d.Occupancy,Pnssrvetion,M�IMen�nce�nd Pro4actlon of the Property;8orrower'�Lan Applicatlon;
<br /> ' Lps�holds. Borrower shall occupy, establish,and use the Prqperty as Borrower's princlpal resldence wkhln stxry days
<br /> _;�.'. . after the executlon of this Secu�ty Instrument and shall contlnue to occupy the Property as Borrower's principal
<br /> • � resldence for at least one year aRer the date of occupancy,unless Lender otherwlse agrees In writing,whlch consent
<br /> • .. �' shall not be unreasonably withheid,or unless extenuating circumstances exlst whlch are beyond Borrower's control.
<br /> -' Barrower shatl not destroy,damage or Impalr the Rroperty,allow ths Property to deteriorate,or commft waste on the --_
<br />-,�. Property.Bonower shall be in default H eny fortefture actlon or proceeding,whether cfvil or crlminal,is begun that in
<br />���` � ' Lender's good fafth Judgment could result In forfefture of the Properry or otherwise materlally Impalr the Ilen created by
<br />'; ` thls Security Instrument or Lender's security Interest.Borrower may cure such a default and reinstate,as provided in
<br /> �;�,j;., parapreph 18,by�causing the actlon ar proceeding to be dismissed with a ruling that,in Lender's good fafth
<br />- . detsrmir�atlon,precludes forfeRure of the Borrower's Interest In the Property or other material Impalrment of the Ilen
<br />� created by thls S�curfty Instrument or Lender's security Interost.8orrawer shall also be in default If Borrower,during the
<br /> �''�""� loan appllcation process,gave materlally false or Inaccurate Informatlon Ar statements to Lender(or failed to provide
<br />'`' .'.� �' Lender wfth any material inf�rmatlon) In connectlon wfth the loan evidenced by the Note,Includinp, but not Ilmfted to,
<br />" representatlons conceming Borco�wer's occupancy of ti�e Property as a princlpal resldence.If this Security Instrument Is
<br />_ ' � on a leasehdd,Borrower shall comply with all the provlslons of the lease. If Bor�ower acqt�lros fee title to the Properry,
<br /> �`°�t�":"� the leasehold and the fee tfde shall not merge unless Lender agrees to the merger In wrfting.
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<br /> �=��� ���� �,pre�t�tlen of Lender'a RiaMs in the Property. If Borrower fails to perf�rm the covenants and agreements
<br /> _;tr�'i�.
<br />_�::�,,�.._,.r� cantalned in this Securfty Instrument,or there is a legal proceeding that may signiflcantly affect Lendor's►ights in the
<br /> -_-,�:;.��:: Property(such as a proceeding In bankruptcy, probate,for condemnation or forfefture or to enforce laws or
<br />'"�"._�^��� regulatbns),then Lender may da and pay for whatever Is necessery to prAtect the value of the Property and Lender's
<br />:;,��r'���' �ighte in the Property.Lender'sactlona may Include paying any sums secured by a Ilen whlch hae prloriry over this
<br /> '"'4' rin in court, In r ys g pertY
<br />=�-�,�..;.T�.; Security Instrument,appoa g pay g easonable sttorne 'fees and enterin on the Pro to make
<br />�'�' � �,:. repalre.Although Lender may take actlon under this paragraph 7,Lender does not have�to do so.
<br /> ,t.,��r;;.��?..
<br />?�'<�:;�='� Any amounts dlsbursed by Lender under this paragraph 7 shall become edditlonal debt of Borrower secured by
<br />=:�;�-.;_;�,_ thls Security Instrument. Unless Borrower and Lender agree to other terms of pr�yment,these amounts shall beAr
<br /> ��'.�"�.:r?� Irrterest nom the date of disbursement at the Note rate and shall be payable,with interest,upon notice from Lender to
<br />�-- � Borrower requesting payment.
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<br />--==;i,�� e.Mortpay�in�urnnc�. If Lender requlred mortgage Insurance as a conditlon of mak(ng the loan secured by this
<br /> —°'°"�� Security Instrument,Borrower shall pay the premlums requlred to maintaln the mortgage Insurance In effect. If,tor any
<br /> --,,;,�,_,-=_ — reason,the mortgage Insurance coverege requlred by Lender lapses or ceases to be In effect,Borrower shall pay the
<br /> ����;:� � premlums required to obteln coverege substantially equlvatent to the mortgage Insurance prevtausly in effect,at a cost
<br />�"°�'�'{� 1� substsntlally equivalent to the cost to Borrawer of the mortgage Insurance previousiy in effect,from an altemate
<br /> ;� � •` ' mortgage fnsurer approved by Lender.If substantially equivalent martgage insurance coverage Is not avaYaWe, °
<br /> h:�. ,-, -'' _
<br />-� �•'���- �ower shal{pay to Lender each month a sum equal to one•twelfth of the yeariy mortgage insur�nce premlum being
<br /> `'" '� Id b Barower when the Insurance coverage lapsed or ceased to be in eHect.Lender wNl accept,use and retaln these
<br />�T�'�"'"�" p�ayments as a loss reserve In Ileu of mortgage insurance.Loss reserve payments may no longer be required,at the
<br /> .._ .,:,
<br />:��; option of Lender,K mortgage Insurance coverege(in the amount and for the periods that Lendor requlres)provided by
<br />_ -�;.- an Insurer approved by Lencieragaln becomes available and is obtafned. Borrower shall pay the premlums required to
<br /> �,,�+M�,;� ��aintaln mortgage insurance in effect,or to provide a loss reserve,untN the requlremeM for martgage Insurance ands
<br /> - -___ - in accordance with any written agreement hetween Bonawer and Lender or applicable Iaw.
<br /> = - _v�� '. 9. Inspection. Lender or fts agent may make reasonnWe entries upon and inspections of the Properry. Lender
<br /> . shall gfve Borrower notice at the time of or prior to an tnspectlon specifying reasonaWe cause forthe Inspectlon,
<br /> . �' NEBRASKA—SINGLE FAIMILY-FNMA/FHLMC UHIfORM INSTRUMENT FORM 302e�/i0 '
<br /> ISC/CMDTNE//W92/3028(9-90)•L PAGE 3 OF 6 �` �-
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