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<br /> 6. Occupancy,Preservation,Maintenance and Protection of the Property;Borrower's Loan Application;Leaseholds.
<br /> Borrower shall occupy,establish,and use the Property as Borrower's principal residence within sixty days after the execution of this Security
<br /> Instrument and shall continue to occupy the Property as Borrower's principal residence for at least one year after the date of occupancy,unless
<br /> Lender otherwise agrees in writing,which consent shall not be unreasonably withheld,or unless extenuating circumstances exist which are
<br /> beyond Borrower's control.Borrower shall not destroy,damage or impair the Property,allow the Property to deteriorate,or commit waste on
<br /> the Property.Borrower shall be in default if any forfeiture action or proceeding,whether civil or criminal,is begun that in Lender's good faith
<br /> judgment could result in forfeiture of the Property or otherwise materially impair the lien created by this Security Instrument or Lender's
<br /> security interest.Borrower may cure such a default and reinstate,as provided in paragraph 18,by causing the action or proceeding to be
<br /> dismissed with a ruling that,in Lender's good faith determination,precludes forfeiture of the Borrower's interest in the Property or other
<br /> material impairment of the lien created by this Security Instrument or Lender's security interest.Borrower shall also be in default if Borrower,
<br /> during the loan application process,gave materially false or inacwrate information or statements to Lender(or failed to provide Lender with
<br /> any material information)in connection with the loan evidenced by the Note,including,but not limited to,representations concerning
<br /> Bonower's occupancy of the Property as a principal residence.If this Security Instrument is on a leasehold,Bonower shall comply with all the
<br /> provisions of the lease.If Bonower acquires fee title to the Property,the leasehold and the fee title shall not merge unless Lender agrees to the
<br /> merger in writing.
<br /> 7. Protection of Lender's Rights in the Property. If Borrower fails to perform the covenants and agreements contained in this
<br /> Security Instrument,or there is a legal proceeding that may significantly affect Lender's rights in the Property(such as a proceeding in
<br /> bankruptcy,probate,for condemnation or forfeiture or to enforce laws or regulations),then Lender may do and pay for whatever is necessary
<br /> to protect the value of the Property and Lender's rights in the Property.Lender's actions may include paying any sums secured by a lien which
<br /> has priority over this Security Instrument,appearing in court,paying reasonable attorneys'fees and entering on the Property to make repairs.
<br /> Although Lender may take action under this paragraph 7,Lender does not have to do so.
<br /> Any amounts disbursed by Lender under this paragraph 7 shall become additional debt of Borrower secured by this Security
<br /> Instrument.Unless Borrower and Lender agree to other terms of payment,these amounts shall bear interest from the date of disbursement at
<br /> the Note rate and shall be payable,with interest,upon notice from Lender to Borrower requesting payment.
<br /> 8. Mortgage Insurance. If Lender required mortgage insurance as a condition of making the loan secured by this Security
<br /> Instrument,Borrower shall pay the premiums required to maintain the mortgage insurance in effect.If,for any reason,the mortgage insurance
<br /> coverage required by Lender lapses or ceases to be in effect,Borrower shall pay the premiums required to obtain coverage substantially
<br /> equivalent to the mortgage insurance previously in effect,at a cost substantially equivalent to the cost to Borrower of the mortgage insurance
<br /> previously in effect,from an alternate mortgage insurer approved by Lender.If substantially equivalent mortgage insurance coverage is not
<br /> available,Borrower shall pay to Lender each month a sum equal to one-twelfth of the yearly mortgage insurance premium being paid by
<br /> Borrower when the insurance coverage lapsed or ceased to be in effect.Lender will accept,use and retain these payments as a loss reserve in
<br /> lieu of mortgage insurance.Loss reserve payments may no longer be required,at the option of Lender,if mortgage insurance coverage(in the
<br /> amount and for the period that Lender requires)provided by an insurer approved by Lender again becomes available and is obtained.Borrower
<br /> shall pay the premiums required to maintain mortgage insurance in effect,or to provide a loss reserve,until the requirement for mortgage
<br /> insurance ends in accordance with any written agreement between Borrower and Lender or applicable law.
<br /> 9. Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender shall give Bonower
<br /> 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 damages,direct or consequential,in connection with any
<br /> condemnation or other taking of any part of the Property,or for conveyance in lieu of condemnation,are hereby assigned and shall be paid to
<br /> Lender.
<br /> In the event of a total taking of the Property,the proceeds shall be applied to the sums secured by this Security Instrument,whether
<br /> or not then due,with any excess paid to Borrower.In the event of a partial taking of the Property in which the fair market value of the Property
<br /> immediately before the taking is equal to or greater than the amount of the sums secured by this Security Instrument immediately before the
<br /> taking,unless Borrower and Lender otherwise agree in writing,the sums secured by this Security Instrument shall be reduced by the amount of
<br /> the proceeds multiplied by the following fraction:(a)the total amount of the sums secured immediately before the taking,divided by(b)the
<br /> fair market value of the Property immediately before the 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 secured immediately
<br /> before the taking,unless Borrower and Lender otherwise agree in writing or unless applicable law otherwise provides,the proceeds shall be
<br /> applied to the sums secured by this Security Instrument whether or not the sums are then due.
<br /> If the Property is abandoned by Borrower,or if,after notice by Lender to Bonower that the condemnor offers to make an award or
<br /> settle a claim for damages,Bonower fails to respond to Lender within 30 days after the date the notice is given,Lender is authorized to collect
<br /> and apply the proceeds,at its option,either to restoration or repair of the Property or to the sums secured by this Security Instrument,whether
<br /> or not then due.
<br /> Unless Lender and Borrower otherwise agree in writing,any application of proceeds to principal shall not extend or postpone the due
<br /> date of the monthly payments referred to in paragraphs 1 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 payment or modification of
<br /> amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shall not operate to
<br /> release the liability of the original Borrower or Borrower's successors in interest.Lender shall not be required to commence proceedings
<br /> against any successor in interest or refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security
<br /> Instrument by reason of any demand made by the original Borrower or Borrower's successors in interest.Any forbearance by Lender in
<br /> exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy.
<br /> NEBRASKA--Single Family--FNMA/FHLMC LJNIFORM INTRUMENT Form 3028 9/90
<br /> (page 3 of 6) � Jei�
<br /> ins,i�c. Borrower's Initial� ����
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