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<br /> LOAN N0. 1 5 3 9 2 1 B! 3 1 ' 'Y;""�=
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<br /> i All insurence policles and renewals shall be acceptable to Lender end shall Include a standard mortgage clsuse, ��4=�;,,.�':"
<br /> Lender ehall have the ripht to hdd the pd�les snd renewals.If Lender requlres, 8or�ouvor shall promptly plve to Lender ,;��ws_';;
<br /> � ell receipte of peld premluma and r�newal not�ea,In the event of lose, Borrower shail gfve prompt notice to the _ ��__� •
<br /> Inaurance carrler and Lender.Lender may make proof of lose if not made promptly by 8orrower. '��'r=
<br /> ` Unlesa Lender end Borrower otherwlse aaree In wrfting,Insurance proceeds ahall be applled ro reatoratlon or re Ir r'��'��°
<br /> . � .�,�::s_�
<br /> ,'s of the Pro p erty damaped, if tho restoratlon or repalr is ecanomically feaslble and Lerxier's securfty Is not lessoned.I the '_Y�;�_
<br /> restoratlon or repafr Is not aconomlcally feaslbld or Lender's security wou l d b e lessen e d,t he Insur a n c e p r o c e e d s s h e l l ----�--
<br /> � �� be applled to the sums secured by thls Securfty Instrument,whether or not then due,wfth any excese pald to Borrower. T^ �,,�
<br /> , .�;� If Borrower abandons the Froperty,or does not answer wlthin 30 days a notice from Lender that tho Insurance carrler _
<br /> haa oNered to settle a clalm,then Lender may cdlect the Insuranca proceeds.Lender ma�i use the proaeeds to repair ��'
<br /> .,uww�� or restore the Property or to pay sums secured by this Security Instrument, whether or not then due.The 30-day perlad �_u-
<br /> �,..�+�` will begin when the notice Is given.
<br /> � � Unlesa Lender and Borrower othervvlse agree In writing,sny application ot proceeds to princlpal shall not extend or
<br /> , postpone the due date of tho 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 rlght to any Insurance policles and ` __ _
<br /> proceecis resulting from damage to the Property priar to the acqulsitlon ahail pass to Lender to the extent of the aums
<br /> �; secured by thls Securfty Instrument Immedlately prlor to the acquisltlon.
<br /> ,�' 6.Occupancy,Pr�serv�tion,M�intm�nce and Protectlon of the Prope�ty;Borrower's�o�n Appllc�tlon;
<br /> Leasehold�. Borrower shall occupy,establish,and use the Property ae Borrower's principal residence within sixty days
<br /> .�, after the executlon of this Security Instrument and shall contlnue to occupy the Property�s Borrower's princlpal _
<br /> �, resldence for at least one year after the date of occupancy,unless Lender otherwlse agrees In wrfting,whlch consent
<br />- shall not be t�nreasonably wfthheld,or unlesa extenuating clrcumstances exist which are beyond Borrower's control. _
<br /> � Borrower shalt not destroy,damago or impalr the Property,allow the Property to deterlorate,�r commit v�aste on the
<br /> ' Property.Borrower shall be In dofault If any forfefture actlon or proceeding,whether civ(I or crlminal,Is begun that In
<br /> Lender'a good faRh Judgment could result In fortefture of the Property or othervvise materially Impair the Ilen created by
<br /> thls Security Instrument or Lender's securlty Interest.Borrower may cure such a default and relnstate,as pravlded In
<br /> paragraph 18,by causing the action or proceeding to be dismissed with a ruling that,In Lender's good fekh
<br /> determinatlon,precludes forfelture of the Borrower s interest In tho Property or other material Impairment of the Ilen _
<br /> created bythis Security Instrument or Lender's securfty Interest.Borrower shall also be in default if Borrower,during the
<br /> loan applicatlon process, gave materialiyfalse or Inaccurate information or statements to Lender(or failed to provide
<br /> Lender wlth any material Information) in connection wfth the loan evkJenced by the Note,Including,but not Ilmlted to,
<br /> ' � ' � repre�sentations concernlnA Borrower's occupancy of the Property as a princlpal residence.If this Securiry Instrument Is
<br /> ' ' on a leasehold,B�rrower shall comply wnh all the provislons of the lease. If Borrowar acqulres fee tftle to the Property,
<br />_' the Ieasehoid and the fee tftle shafl not rnerge�nless Lender agrees to the merger in writing.
<br /> • - 7.Protection of Lender's RipMS fnthe NropQriy. Ifi Borrower iaiis iu Nai u�in itt8 covsnanis ard wn�sm°n'.�
<br /> contained In this Security(nstrument,or there Is a legal proceeding that may slgnHicantly affect Lender's rlghts In tha
<br /> � Property(such as a proceeding in bankruptcy,probate,for condemnatlon or fortefture or ta enforce laws or
<br /> 4�� ' - regulatlons),then Lender m�y do and pay for whatever is necessary to protect the value of the Property end Lender's
<br /> rights In the Praperty.Lender's actions may Include paying eny sums secured by a Ilen which has prlority over this
<br /> 3ecuriry Insttument,appearinQ in court,paying reasonable attorneys'fees und entering on the Propertyto make
<br /> ' '� repalrs.Although Lender may take action under this paragraph 7, Lender does not have to do so.
<br /> � <� � Any amounts disbursed by Lender underthis paragraph 7 shall becomeaddftional debt of Borrow�rsecured by
<br /> this SecurRy Instrument.Unless Borrower and Lender agree to other terms of payment,these amounts shall bear
<br />' ' ' .„� Interest from the date of disbursement at the Note rate and shall be payable,with interest,upon notice from Lender to
<br />-,� . _ . . Borr�nrer requesting payment.
<br />=�;" .. �. ;.,,.,. 8.Mortqa��Insur�nce. If Lender requlred mortgage Insurance as a condition of making tho loan secured by this
<br /> --• - • ' Security Instrument,Borrower shall pay the premlums required to malntafn the mortgage Insurance in eNect.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 reyuired to obtain coverege substantlally equlvalent to the rnortgage insurance�reviously in effect,at a cost
<br /> substentlally equfvalent to the costto Barower of the mortgage Insurance previously In effect,from an alternate ��
<br /> mortgage insurer approved by Lender.If substantlally equNalent mortgage Insurance coverage is not avallnble,
<br />_it-,� Borrower shall pay to Lender each month a sum equal to one•twelfth of the yea�iy mortgage insurance premlum being _
<br /> + pald by Borrower when the insurance coverage lapsad or ceased to be In effect.Lender wlll accept,use and retaln these �
<br /> payments as a loss reserva In Ileu of mortgage insurance.Loss reserve payments may no longer be required,at the
<br />-_� ����-� -'� optlon of Lend�r,ff mortgage Insurance coverage(in the amount and for the perlods that Lender requtres) provlded by _
<br /> ��� ':•�=»� an Insurer approved by Lend�r agaln becomes available and Is obtalned. Borrower shall pay the premtums required to
<br /> � `..'.� maintaln mortgage insurance In effect, or to provide a loss reserve,untll the requlrement for mortgage Insurence ends =
<br />- � ., In accordance with any written agreement between Borrower aric! Lender or applicable law.
<br /> 9. Infpectlon. Lender or its agent may make reasonable entrles upon and inspectlons of the Property, Lender ��
<br />�= �; shall gfve Borrower notice at the time of or prlor to an Inspoction specitying reasonable cause for the Inspectlon. -
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<br /> FORM 3028 9/f10 '��``�
<br /> NEBRASKA�SINGLE FAMILY--FNMA/FHL�dC UNIFORM INSTRUIIiENT -
<br />� ISC/CMDTNE//0792/3028(B•90)•L PAOE 3 OF 6• :
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