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0516627 88- 102195 OCCUPANCY RIDER THIS OCCUPANCY RIDER is made 26 lPRIL, 1988 , and is Incorporated into and amends and supplements the Mortgage. Deed of Trust or Security Deed (the "Security Instrument") of the same date given by the undersigned (the "Borrower") to secure Borrower's note to THI PRUDEHTIAL IHSURAHCE COKPAHY OF>AKERICA (the .Lender") of the same date (the "Note") and covering the property described In the Security Instrument and located at PROPERTY ADDRESS: ,. 20 IIEST 10TH STREET GRAHD ISLAHD. HE 68801 OCCUPANCY AGREEMENTS In addition to the covenants and agreements made in the Security Instrument. Borrower further covenants and agrees as follows: > 1, Borrower acknowledges that the Lender does not desire to make a loan to Borrower secured by this property on the terms contained in the Note unless the property is to be occupied by Borrower as Borrower's primary residence, Lender makes non-primary residence loans on dilferent terms. 2, The Borrower desires Lender to make this loan to Borrower, 3. Borrower promises and assures Lender that Borrower intends to occupy this property as Borrower's primary residence and that Borrower will so occupy this property as its sole primary residence within sixty (60) days aller the date of the Security Instrument. 4, If Borrower breaches this promise to occupy the property as Borrower's primary residence, then Lender may invoke any of the following remedies, In addition \0 the remedies provided in the Security Instrument: A, Power of Sale; B, Decrease the term of the loan and adjust the monthly payments under the Note accordingly; C. Increase the interest rate and adjust the monthly payments under the Note accordingly; D, Require that the principal balance be reduced to 80% of the lesser of the original purchase price or the appraised value, i '. CONFLICTING PROVISIONS Borrower agrees that If the provisions of this Rider connict with the printed terms in the Security Instrument and/or the Note. then the provisions of this Rider will control. TERMINATION OF AGREEMENT The provisions of this Rider shall terminate and end upon the sale and purchase of the Note secured by this property to the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation. If the Security Instrument is assigned to another lender, this Rider may, at the option of the assignee. be terminated, '~:SS WHEREOF, Bom,w." "',' .,oc"edlhl, O""P'#,~ ~STEIIART oJ. ,,~E . ~U~__~ u __ Borrower Bar er KARIH R' PASCOE STATE OF ....Jeb,-,...:,I<~ COUNTY OF 1-I.J l ) ) ss. ) ~ft... R~r(!ation Return to, PHMC, P,Q. Box 1629 MiMeapolis, MN 55440 I. the undersigned Notary Public in and for the aforesaid State and County do hereby certify that ~...+.1. l.......L and ~ Po ~U.oL , Borrowers, personally appeared before me in said County and acknowledged the wlthl" '..""meOl to Ii'::::::~"dm my h'~oI Ap-" 1m HIlL"'.... ' , NOlary ~ ., _,u,oo ...~. ..-........; L -.J