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� 99 10994 �
<br /> Unless Lender and Borrower otherwise agree in�vriang, any application of pmceeds to principal shall not c�:tend
<br /> or postpone the due date of the monthly payments refexred to in paragraphs 1 and 2 or change the amount of the
<br /> pay�aen,ts. If undear paz�agzapb, 21 tb�e Propertq is acquired bq Lender, Bonower's zight to any insurance policies and
<br /> proceeds resultir� from damage to the Property prior to the acquisition shall pass ro Lender to the extesu of the sums
<br /> secuzed by tbas Securzty Insm�memt i�n�diately prior to the acquisition.
<br /> If Bozzow�z obtains any othez 2aazxxd insurance or any other insurance on rhe Propr,rty and such insurance is not
<br /> specifically requir�d by I.emder, then s�uch insurance shall (i) name �.ender as loss payee thtrcunder and (ii) be subject
<br /> to the provisions of this paragzaph 5.
<br /> 6. �ze�vatiom, Maivateina�oce and Prooactian of the Property; Bornowet's L.oa�a A��licaaon; �asebnlds_
<br /> Bozzowcz Slaall not destroy, damage or impaiz th� Property, aIlow the Propeny to detexioxatc, oz commiE wasce on the
<br /> Property. Borrower shall be ia default if any forf�i,tuze action o.r proceeding, whethes civil or ��aai, is begun that
<br /> in Leacler's good fairh judgment could result in forfeiture o£ the Pz�operty or otherwise materially izupair the lien
<br /> created by this Security Instrument or Lender's securiry interest, Borrower may cure such a default and xeinstate, as
<br /> provided in pazagraph 18,by causic�e the actiQa or proceeclir�.g to be dismissed with a n�ling rhat, in Len�der's good faith
<br /> detPrni++ation, precludes forfeiture of the Borxow�z's interest in the Property or other matezial i�mpairment of the lien
<br /> created by this Security Instrument or I,ender's security interest.
<br /> Bomowes shall, at Bonower's own expease, appear in and defend any action or proceecling puzporting ro aftect �
<br /> the Property or any portion tb.ereot oz �onrower's tide thereto, the validity or pnior�ty of the lien created bq this
<br /> Secvrity Instrumtnt, or the rights or powess of Lender or Trustee with respect to this Security Instrument or the
<br /> Propertp. All causes of action of Bonower, whether accrued before oz a£ter the date of the Securitq Instrume�►t, for
<br /> damage or injury to the Property or any part thereof, or in connection wi.th anq transaciion financed in �cc�hole or in
<br /> part by the �ruceeds of the Note or any other note securecl by this Socurity Inswn�nt by Lender, or in conneciion
<br /> �vith or affecting the Prop�rtq or any part thereof, including causes or acaon azi.siag in tort or conrract and causes of
<br /> action foz£raud �r conc�auaent of a material facc, are, at Lender's opaon, asaigned m L.ender, and the proceeds thereof
<br /> slaall be paicl direcdy to T.,e�ader who, after deductiv� therefrom all i�s expeases, including reasonable attorneys' fees,
<br /> may apply suc,h prveeeds ta tb.e swons secured by the Securiry Instniment or to any deficiency under the Secuz:ity
<br /> Instrunitnt or may rtlease any monies so received by it or any part thexeof, as Lender maq elect. Leacler may, at its
<br /> option, appear in and prosecute in its own nam.e any action or proceeding to enforce any such cause of action and may
<br /> m�ake any compzomuse oz settlement thereof. Borrower agrees to execute such further assignmencs and any other
<br /> instruments as from time to time may be necessary �o effectuate the foregoix� provisions and as Leacler sb�xll z�quest.
<br /> Borrower shall also be in default if Borrower, durizas tlte loan application process, gave �oaatezitally false or
<br /> inaccurate info�ation or statements to r.eader (or failed to provide Lender wich any materi.al iva�ormation) in
<br /> connection with the loan evidenced bq the Note, indudin�, but not linuted to, represea�ations concezning Borr�wer's
<br /> occupancy of the Property es a priuGip21 zeSitclenCC. If thi5 Secutity Tn.c�mment is on a leasehold, Borrower shall complq
<br /> with all the provisions of the lease. If Borrowcr acquires fee title to the Property, the leasehold and the fee tifle shall
<br /> not merge unless �,e�der agrees to rhe mez�;er in writing.
<br /> 7. Frocecri�oa af Y.ea,der's Rights iva tb�e Pro�rt,y. If Borrower fails co pertozm the covenants and agreer.uents
<br /> concained in rhis Security rnsttumeaat, or there is a legal proceeding that may siguificantly affect Lender's rilghts in the
<br /> Psopertq (such as a proceeding in banlQUptcy, probate, foz co�mnation or forfeiture or to enforce laws or
<br /> rewlations), then Lender may do and paq Poz whatever is necessary to pzotect the value of the Property and Lender's
<br /> ri.ghts im the Property. Lender's actions may include paying a�o,y sums secured by a lien which ha� prionty over shis
<br /> Sectllity inctrument, appearing in coun,payin;zeasonable attoineqs' fees and eatering on the Property to make repairs.
<br /> Althon� Leader may take action uuder �thas pazagraph 7,Lender cloes not b�av� to do so.
<br /> Any am,ounrs disbursed by I.e�dez under this pazagraph 7 shall become additional debt of Borrowez secured by
<br /> this Securiry Yuscrume�nt. Unless Bozzowtz and Lender agree to other tezzus of payment, these amouuts shall bear
<br /> interest fram the date of disb�ursemea.t at tb�e �Tote rate in effect from time to tume and shall be paqable, witbi interest,
<br /> upon noti.ce fram I.endes to Borrowez requea�Ung paymeu�.
<br /> 8. Moxtgage �rasatanet. �f Lender required mortgage insuraace a�a condition of maldng the l.oan secured by tbis
<br /> Secutity Instrument, Borrower shall pay the premiums zequirecl to maintain the mortgage insurance in effect. Tf, for
<br /> any reasoa, tbie mortgage insurance coverage requirec� by Lender lapses or ceases to be in effect, Boaower shall �ay
<br /> Ciie premitums required to obtaiu coverage substantially equivalent to the mortgage insurance previous�y in effect, at
<br /> a cost substantially equivale�nt to fhe cost ro Borrowes of the naortgage insurance previously in et�'ect,from an alternate
<br /> Anortgage insurer approved by Len�dex. I£ substancially equivaleat mortga�e insurance covezage is not available,
<br /> Bozrower s�hall pay to Lender each month a sum equal to one-twelfth of the yearly mortgage insuiance premium bein,g
<br /> paid by Borrower when tlie insurance covezage lapsed or ceased to be in effect. L.ender will accept, use and retaia
<br /> these paymenrs as a loss reserve in lieu o£mortgage insurance. I..ass xesezve paymeats may no longer be requirecl, at
<br /> the option of Lender, if mortgage insarance caverage (in the amowo.t and for the period that I.euder requires) provided
<br /> by au in�surer approved bq Lender again becorues available and is obtained. Borrower shall pay ttae �zenuums required
<br /> to maintain mortgage insurance i.n effect, or to provide a loss resezve, until the requirem�.nt :for morcgAge insuran�ce
<br /> ends in accordance with any writtea agzeesacnt between Borrowet and Lender or applicabl� law.
<br /> 9. Inspecaaa Leader or its ab►ent may mal:e reasonable ezxtiies upon anrl insp�ctions of the Property, Lender
<br /> shall r,,,ive Bonower noace at the time of or prior to aa ins�ection specifqing reasonab�e cause for the inspecaon.
<br /> 10. Conrlemnaapm. The proceeds of any award ox claim for damsges, dizeet or consequentia�, in connection with
<br /> any condemnation or other taldng o£any�art of the Pmperty, oz for comeyance im lieu of condemnaaon, are hereby
<br /> assigned and shall b� paid to Lender. Lendez naay apply, use or release the condemnatiom proceeds in che sa�ae
<br /> zaaaner as provided in paza`praph S hereot vvith respect to insuxance proceeds.
<br /> If the Property is abanclaned bq Borrowes, or if,aftez notice by Lender co Bozzower tl�xt the condenanpr offers to
<br /> make an award or settle a clainx �or damHges, Borrowez fails to responcl to Ler�der within 30 clays a£ter the date th�
<br /> notice is given,Lender is anthoz�zed to collect and apply the proceeds, at its option, eithes co restorat�on or repair of ,
<br /> the Propestq or to rhe sums s�cured by this Security Tnstrument, whethes or z�ot then due.
<br /> NFBRASKA, A1tM PB�AGRAMS (BEV. 03/9'n
<br /> a�� ���.�,a.c�o>��-�a Pagc 3 of 7
<br /> Borzower Initials _ _ � _
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