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<br /> � ORIGINAL ��-
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<br />•.�.. 6. Occupancy, PrescrvaUon, Maintenance and Protection of the Property; Borrower's Loan Application; --
<br /> �„�,;,�,;, � l.easeholds. Borrower shall occupy,establish, and use the Property as Borrower's principal residencc within sixry days �
<br />:.•��. ,.�`� �� after the execution of this Securiry Instrument and shall continue to occupy the Property as Bonower s principal residence =
<br />,. - � for at least one year after the date of cecupency, unless L.cnder othenvise agrees in writin�, which consent shall not be -
<br /> '�t � unreasonably withheld,or unless extenuating circumstances exist which are beyond Borrower's control. Borrower shall
<br /> � r not destroy,damage or impair thc Property,allow the Property to deceriorate, or commit wastc on thc Propeny. Borrower --
<br /> `�'"'� '�'•`+ • - shall be in defeult if any forfeiture acdon or proceecling, whether civil or criminal,is begun that in I.ender's good faith
<br /> ' ' � Judgment could result in forfeiture of the Property or orhenvise materially impair the Ilen crcated by this S�.�curity �
<br />-�"""`�°"�'-° Instn►ment or Lender'a security intereat. Borrower may cure such a default and reinstate,u provlded In paragraph IS, by
<br />,""r;�,;,�:� causing the uction or proceeding to be dismissed wlth a rultng that, in Lender's good faith detertninadon, precludes
<br /> = '�ii°"� forfeiturc of the Eiocrowec'e intereat In the Property or other matedal Impairn�ent of the Ilen creau�d by this Security
<br /> Inatrument or Lender's sccurfty Interest. Horrower shall also be in defwult If Barrower, during the laan application
<br /> • procee�, gave materially falae or in�ccurate informntlon or statrmcnts to Ixnder (or falle�i to provlde L.ender with any
<br /> • � mpterid inforrtution) in coruiectlon with the loan evidenced hy the Note, Ucluding, but not Iimit�d to, representations
<br /> ''•% •�' cancerning Borrower'a axupancy of the PrApeny as a princlpal residenee, If this Sec:urity lnstrument is on a lensehold,
<br />����'�'�` Borrower shall comply with all the provisiona af the leace. If Barrower acquires fee tltle to the Properiy, the leasehold and
<br /> '_'7tY?¢:'..,
<br /> -_�� '• the fa t1Qe shali not merge unless Lender agreea to the merger in wridng,
<br /> ^'�.'�� �;�:- 7. Protectlon ot Lender'� Rl�hta In the Praperty. If Borrower fails to perform the covcnants and agreements
<br />:-`�•�;�.''��' contalned in this Securiry lnstrument,or there is a legal proceeding that may significantly affect l.ender's rights in the
<br />-•.�::•:
<br />-_���4f���,�7�:� Property (such as a proceeding in bankruptcy,probate, for condemnation or forfeiture or to enforce laws or regu anons,
<br />�"'�y"''' then Lender r►u► do and a for whatover is necess to rotect the value of the Pro rt and [xnder's ri hts in the
<br /> -;;:��;;:,' Y P Y �'Y P P� Y B
<br />"'�" �,,.,. Property. Lcnder's acttons rnay include paying any sums secured by a lien which has priority aver this Securiry
<br />=Y:�.,� � ` Instrumcnt,appearing in court.paying reasonable attorncys' fees and entering on the Property to make rc�aiis. Although
<br />_`��:w`.i;.;, . l.ender may take action under this puagraph 7,L.ender does not have to do sc�.
<br />-�•�,..- ; Any amounts disbursed by Lender under this para�raph 7 shall become additional debt of Bortower secured by this
<br /> ----�__�� Secudty lnstrument. Unless Borrower and L.ender agree to other terms of payment,these amounts shell bear interest from
<br /> �+�•F;�;�•� • the date of diebursement at the Note rate and shall be payable, wtth interest, upon notice from l.ender to Borrower
<br /> requesting payment.
<br /> � �b,�. 8. Mortaa�e InsurAnce, [f Lender required mortgage insurance as a ccmdition of ineking the loan secured by this
<br />;-��;,x;,N�- Security Instrument, Borcower shall pay the preminms required to maintain the mortgage Insurance in effect. If, for any
<br /> -=_"�,}! reason, the mortgage insurance coverage required by Lender lapses or ceases to be in effect, Borrower shall pay the
<br /> "�-�. premiums reyulred to obtain coverage substantially equivalent ro the mortgage insurance previously in effect, at a cos[
<br /> _.��'�'�.*My,� substanNally equivalent to the cost Lo Bonower of the mortgage(nsurance prevlously in effect,from an altemate mortgage
<br /> -' �'� �".{•i-,� insarr�pra�:,�by Ler.de:, :f sut�s:w^.tis!!;�sl��!en!mengSoC'1t!S�!i?nrx r.qvera�e is not available,Borrower shall pay to
<br /> I.ender ench month a sum equal to one•twelfth of the yearly mortgage insurance premlum being paid by Borrower whon the
<br /> -���� insurance wverage lapsed or ceased to be in effe�:t. I.ender will accept,use and retain thcse payments as a loss reserve In
<br /> — lieu of mortgage insutance. Loss reserve payments may no longer be required, at the option of Lendcr, if mortgage
<br /> -�`==�=��� insurance coverage(in the amount and for the period that I.ender requires) provided by a�i insurer approved by Lender
<br /> �� agaln becomes available and is obtaineci. Bonowcr shall pay the premiums required ta maintain moitgage insurance tn
<br /> -�m�,�� effect, or to provide a loss reserve, until the requirement for mortgage insurance ends in accordance with any written
<br /> „_�`�� agreement betwcen Bonower and Lender or applicable law.
<br />_r�,�t��� 9. Iaspeetlon. Lender or its agent may make reasonable enn•ies upon and inspections of the Property. Lxnder
<br /> ,.:.;;�,�� sh�ll give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br /> --__�— 10. Condemnation� The proceeds of any award or claim for demagea,direct or consequential,in wnnection with
<br /> - �— any condemnation or other taking of any part of the Property, or for conveyance in lieu of condemnation, are hereby
<br /> assigned and Ahall be paid to I.ender.
<br /> --=_--�a..s�� In the event of a total taking of the Property, the proceeds shell be applied to the sums secund by this Sxurity
<br /> - Instrument,whether or not then due,with any excess paid to BonowEr. In the event of a partial taking of the Property in
<br />---�=�'4T��-� which the fair market value of the Property immediately before the taking is equal to or greater than the amount of the sums
<br /> �ql�r�
<br /> _._,_.-�-�� secured by this Security Instrument immediatcly before the taking,unless Borcower and Lendrr atherwise agree!n writing,
<br /> ---�- the sums secured by this Securiry Instrument shall be reduced by the amount of the pr�coeds multiplied by the following
<br />=`'`f��� fraction:(a)the total amount of the sums secured immediately beforo the taking,divlded by(b)the fair market value of the
<br /> - ~'���'`�.�_,^, Property immediately before tho taking. Any balance shall be paid to Borrower. In the event of a partial taking of the
<br /> ----___ � Property in which the fair market value of the Property immediately before the taking is less than the amount of the sums
<br />-�_��.� secured imrrxdiately bcfore the taking, unless Borrower and L.endec otherwise agree in writing or unless applicable law
<br /> - - otherwise provides, the proceeds shall be applied to the sums secured by this Securiry Instrument whether or not thc sums
<br /> ,,.�..��� are then due.
<br /> -- ,"i"'''' � If the Property is abandoned by Borrower, or if, aRer notice by l,ender to Borrower that the condemnor offers to
<br /> � make an award or settle a claim for damages,Bonower fails to respond to L.ender within 30 days after the date the notice is
<br /> ' given,Lender is authorized to collect and apply the proceeds,at its option,either to restoration or repair of the Property or to
<br /> the sums secured by this Security Instrumxnt,whether or not then due.
<br /> � � Unless Lender and Borrower otherwise agree in writing, any application of proceecis to principal shall not extend or
<br /> • t� . postpone the due date of the mondily payments referrcd tu in paraEraphs t and 2 or change the amount of such payments.
<br /> . �• 11. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for pnyment or
<br /> modification of atnortization of the sums secured by this Security[nstrument granted by Lender to any successor in iuterest of
<br /> � Borrower shall not operate to release the liability of the original Borrower or Botrower's successors in interest. Lend�r
<br /> + shall not be required to comnx:nce proceedings against a��y successor in interest or refuse to ezten�time for payment or
<br /> " • otherwise modify amortization of the sums sccurcd by this Securiry Instrumcnt by season of any demand made by the
<br /> � '� ' original Bonowcr or Borrowcr's sucx.essors in interest. Any forbearance Uy Lender in exercising any right or rerncdy _
<br /> � � shall not be a waiver of or preclude the exercise of any right or rerncciy.
<br /> . .' - �- • n_"_�' r_e_'__�e.,........1 f i..l.ili�.,. !`.._e{omnc Thn rnvnnonte and aom��mrnra nf
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<br /> this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower,subJect to the provisions of
<br /> paraaraph 17. Bonower's covenants and agreements shall be joint and several, Any Borrower who co-signs this Security
<br /> [nstrument but dces not execute the Note, (a)is co-signing this Security Instrument only to mortgage, grant and convey
<br /> that Borruwer's intcrest in thc Property uitdcr the temu of this Sccurity Instrumenr (b)is not personally obligated to pay
<br />' the sums secured by this Secutity Instn�ment; and (c) agrccs that Lendcr and any other Borrowcr may agrt�: to extcnd,
<br /> modify, forbear or ma{ce any accommodations with rcgard to tne tenns of this Ser,urity Instrument or thc Note without that
<br /> Borrower's consent.
<br /> 30�tlA (DNF.0)3�9s Nebruska poroi302a 9/90 (pngrJojSpngrt)
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