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<br /> ' ° +p. LOAN N0, o��,�►��� ���,
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<br /> ,� All insurance pollclea and renevuals shall be aceepteble to Lender and shall Include a etanderd mortga{�e clause. ��;.e
<br /> Lender shall have the ripht to hdd the policles and renowals.If Lender requires,Borrawer ahall promptly give to I.ander �y
<br /> ! all recelpte ot patd premlums and renewal notices.In the event of lass,Borrower ehall gIve prompt notice to tho ,;;;
<br /> • • Inaurance carrler and Lender,Lender may make proof of loss ff not made promptly by Bnrrnwdr. ����-
<br /> . � Unless Lender and 8orrower otherwise agree In wrfting,Insurance proc:eede ehail be appllod to restoration orrepalr �;�
<br /> o}the Property dam�ged,If the restoratlan or repalr I�economica�ly feasible and Lender's security Is not lessened.lf the �
<br /> rostoratlon or rep�ir Is not economlaally feaslble or Lc�nder's security would be leosened,the Inaurence proceed sshall
<br /> � be aFplled to the sums secured by this Securfty lnstrument,whether or not then due,with eny excesa paki to Br_arrowrer. _
<br /> � If Bnrrower abandons the Property,or does not snswer wfthin 30 days a notice from Lender that tha Insurance carriar
<br /> ` has offered to settle a claim,then Lender may collect the Insurance proceads.Lender may use the proceede to �epe�ir
<br /> „j�,,,,,� or;eatore the Property or to pay sums secured by thls Securlty Instrument,whether or�ot then due.7he 30�day par iod
<br /> will begin when the notice Is glven.
<br /> �����"� s icatlon of roceeds to principal shall not extand or
<br /> Unloss Lender and Borrower otherwise agree In wrRing, �y appl P
<br /> " postpone the due date of the monthly payments reterred to In paragraphs 1 and 2 or change the amount of the __
<br /> g paymente. If under paragraph 21 the Property Is acquired by Lender,Borrower's right to any insurance pollcles and
<br /> � proceeds resulting from damage to the PropeKy prior to the acqulsitlon shall pass to Lender to the extent o}th�sums
<br /> y secured by this Securfty Instrument Immediately prior to the acqulsitlon.
<br /> 6.Occup�ncy,Preserv�tion,p�egtabli h,andu sethe Property as Bor ower'Bpri cWpal a sldence withln�sbciy deys
<br /> LM��hold�. Borrower shall xcu
<br /> after the execution of thls Securfty Instrument and shall contlnue to occupy the Property as Borrower's princlpal
<br /> � � resldence for at least one year after the date of occupancy,unless Lender otherwlse agrees In wrfting,which consent _
<br /> shalt not be unreasonably withheld,or unlass extenuating clrcumstences exlst whlch are beyond Borrower's codro�.
<br /> Borrower shall not destroy,damage or impalr the Property,allow the Property to deterlorate,or commft waste onit�e
<br /> Property,Borrawer shall be In default if any forfefture action or proceeding,whAther civil or criminal,Is begun tt�atin
<br /> ' Lender's goad fafth Judgment could result In forteRure of the Property or otherwlse materlally Impair the Ilen crealeci by
<br /> thls Securfty Inotrument or Lender's security interest.Borrower may cuse such a default and relnstate,as provlded Ir
<br /> paragraph 18,by causing the action or proceeding to be dlsmissed with a ruling that,In Lender's good falth
<br /> determination,precludes forfelture of the Bnrrower's interest in the Property ar other material impalrment of tha Ilar►
<br />- created by thls Security Instrument or Lender's securfty interest.Borrower shall also be in default If Borrawer,du�ng the
<br /> � loan applicatlon process,gave materially false or Inaccurate Informatlon or statements to Lender(or talled to p�uv�de
<br />" Lerxier wfth any material Informatlon)In connectlon with the toan evidence�by the Note,including,but not Ilmited to,
<br />- representatlons concerning Borrower's occupancy of the PropeRy as a principal resldence.If thls Securfty Ins*nimpnt Is
<br /> on a leasehold,Borrower shall comply wfth all the provisions of the lease. If Borrower acqulres fee tftle to the Property,
<br /> • the leasehdd and the fee title shall not merga uniess Lni�uni ayreas ta 2"e mer;e�!n writln�•
<br /> ` 7.Prot�ction of Lendsr'�Riyhts in the Property. If Borroweriallato pertorm the covenants and agreems�s
<br /> ct
<br />= contalned In this SecurRy Instrument,or there is a legal proceeding that may significantly affect Lender's rlghts Nt!-�e
<br /> - �� Praperty(such es a proceeding In bankruptcy, probate,for condemnatlon or forfeiture or to enforce laws or
<br /> . . regulatlons),then Lender may do and pay for whatever is necessary to protect the value of the Properry end Lendar's
<br /> �'; rlghts in the Property.Lender's actlons may Include paying any sums secured by a Ilen whfch has priorfty over this
<br /> �,. _. Securtry Instrument,eppearing In court,paying reasonable attorneys'fees snd entering on the Property to maka
<br /> . repalrs.Although Lender rnay take actlon under this paragraph 7.Lender does not have to do so.
<br />=_=•�^ �..:� • Any amounts dlsbursed by Lender under thls paragraph 7 shall become addRional debt of Borrower secured by
<br /> :�� ' ,.� , thls Securfty Instrument,Unless Borrower and Lender agree to other terms of payment,these amounts shall b�
<br /> Interest from the date o4 disbursement at the Note rate and shall be paysble,with Interest,upon notice from Lande r to
<br />_��. '� -:�, Borrower requesting payment.
<br /> ""°'`� � g,INorty�ge Insurance. If Lender requlred mortgage Insurance as a condftlon of making the loan securadby thls
<br />__�,.,-..s�.,.,..
<br /> �,,;,.-�:a...�.� Securlty Instrument,Borrflwer shall pay the premlums required to maintain the mortgage Insurance in effect.lf,o�any
<br /> reason,the mortg�ge Insurance coverage requlred by Lerxierlapses or ceases to be in effect,Borrower shall pay the
<br />-•t:•�:�.�•7;:�fi;� premiums required to obtaln coverage substantlally equivaleMto the mortgage Insurance previously In effect. ela cost
<br />_ . �•� :�:�; substentially equNalent to the cost to Borrower of the mort�age insurance prevlously In eff�ct,from an alternate
<br /> mortgage Insurer approved by Lender.If substantlally equlvalent mortgage Insurance coverage Is not avallable,
<br />-- �, - Borcower shall pay to Lender each month a sum equal to one�twelfth of the yearfy mortyage Insurance premium tseinfl
<br />``';��:;:� ;. paid by Borsower when the Insurance coverage lapsed or ceaseci to be in emeents may no longeebe require�d`�ti-niehese
<br /> = _ , payments as e loss reserve In Ileu of mortgage Insurance.Loss reserve pay
<br /> --•.�,;�� • •• optlon of Lender,ff mortgage Insurance coverage (In the emount and for the perials that Lender requires)providad by
<br />' - an insurer approved by Lender agaln becomes available end Is obtalned. 8orrower ehall pay the premlums r�qulred to
<br /> ��.•��� melntaln mortgage Insurance In effect,ar to provide a loss reserve,until the requlrement for mortgage insurance ends
<br /> ^ "�' '� in accordance with any wrftten agroement between Borrower�nd Lender or applicable law.
<br /> -ro ' shall��ivA Bor ower notce at thettl eeof or p lor t ean I spection specitying reasonabee oaus�fo the nspectiohnder
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<br /> FORM 3026 9/90
<br /> . NEBRASKA-SINGLE FAMILY•-FNMA/FHLMC UNIFORM INSTRUPM�i30F6 +41�
<br /> I SC/C MDTN E//0792/3028(9•90)-L
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