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<br /> '-:'.`""'j�'� , ��a,��Q� LOAN NO. 1 5 3 9 2 1 5 0 5 3 -
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<br /> 1111 IdiQUrn�yco pollcl�s and ronowal�ohnll bo accaptnbl�to Lender nnd aiiall fnclud�a standerd mortgage ciaus�. .;: �
<br /> „ lc�doP nhall havo th�rl�itit 4a hold tho�ollcls3 and ronowalo.M Londor ruq�ilros,H3orrower shall prom�tly tilvo to Londur
<br /> `• a!I recalgte af paki pramlums nnd r�newal noticoo.In the event o}loss,fiorrowar shell QNa prompt notico to tho
<br /> ` ' Insurence carrler arrd Lenddr.Lendc��may make proof ai loss ff noi made promptly by BorPOwer. ,��
<br /> - ' �� ? Un lea�Le ri d e r e�n d B o r r o w e r o t h e r wise a gree in wrftin g,Insuranco praceetls shalt be appfl�d to restoratlon or repaIr �:'-
<br /> of the PropeRy demaged,M the r�s4oratlon or repalr Is aconomlcally feaslble and Londor's encurlty is not lessened. I i the �_;
<br /> '�'�"�•°��;�, reataratlon ar repafr la not economlcally tee�eible or Lemier'e securiry would be lesae��ed,the Insuranco proceede shall =
<br /> hA Rppil�ci to the s��ma e�cursd by thls Security Instrument,whether or not thon due. wnh any excesn pald to F3orrower.
<br /> It 8arrower ahandone the Property,or does not snewer wfth►n�0 doys�►notica ironi�ender 4P�at 4he Insuranco carrl�r ��
<br />������W"�"_� haa otfered to settte a ciatm,chen Lencier may caiec�ti�e insurance proceeds.Lc���i�r���y�ae t��a N���a�:s t��o�.fr K
<br />__"� oe restore the Property or to pay sums aecured by thla Securiry Instrument,whether ar not than due,The 30-day period —
<br /> �:_
<br />— w111 bagin,when the notice la qlven.
<br /> _ � ; Icatlan of rocaeds to rincl I shall nat extend or --
<br /> - Unless l.ender and Borrower othervyise agrea In wrfting,any appl p p Pa
<br /> , �� � pastpAne the due date ot tho monthlypayments reterred to in paragraphs 1 and 2 or change the amount of the
<br /> paymente. If under para�raph 21 the Property Is acqulr�d by Lender,Borrowor'�rlphtto any Insurance policles and _
<br /> �'` " procoeds resufting from damage to the Property pT�or to the acqulsftlon shall pass to Lender to the extent of the sums
<br /> �.`�•>�:.�
<br /> ������,._�+ � secured by thla Securfty Instrument Immedlately prlor to the acqulsition.
<br /> J�"�� � �.Ocaup�ncy�Pnserv�tion,Malnt�nancs�nd Pro4ectlon of tho Property;Borrower's Lwn Appiicatlon;
<br />-��.r:� Ls�Nholds. Borrower shnll occupy,estabilsh,and use the Property ae Borrower's principal residence wkhln sfxty deys
<br /> ``�'� aftor the executlon nt this S�curity Instrument and shall continue to occupy the PropBtry as Borrower's principal _
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<br /> �?�". realdence for at least one year atter the dato of occupancy,unless Lender otherwlse agreea In wrfting,which consent
<br />_.w..�y„� B�lAll IIG�b6 UiiPbA80TtAl�y Y1fthll�fci,or unless er.ten�atlnfl circ��mstances exist whlch are beyond Borrower's controL
<br />--_'i��{�-� Bor�ower shall not deatroy,damage or Impalr the Properry,allow the Prop�rty tn detedarate,or commft waste on the
<br /> ;.,��. � Property.Borrower shali be In defauit M any forfelture aetlon or procealing,whether chAi or criminal,Is begun that in
<br /> ' "`�s�� � Lender's�ood fafth Judgment coufd rosuit in forfofture of the Property or otherwlse materially impair the Ilen created by
<br />_ _.. ,:����
<br /> -�''��"� thls Secuti4y Instrument ot Lender's security inierest.Borrower may cure ouch a default and relnstate,as provlded in
<br />�;,;,�_ paragreph 18,by causing the aa2lon o7 proceeding to be dlsmissed wRh a�uling that.In Lender's�ood iafth
<br /> -•-- de!erminatlon,precludes forfelture of the Borrowet's Interest In the Property or other materlal Im�airment of the Ilen
<br /> _��s°�� created by thls Securtty Insirument or Lender's securiry Interest.Bor�ower shall also be In defauit H Borrower,during the
<br /> �°`";;' loan appllcatlon process,gave materlally fatse or inaccurate informatlon or etatementeta Lender(or talled to provide
<br /> -��`-"'_���'� Lender with any mateNal fnioRnatlon)In connection with the loan ev{denced by the Note, Incl�ding,but nax Iimfted to,
<br /> ��-a�� reprasentatlon��onaemfng BoROwer's occupancy ot the Property as a princ{pal residance.l}thls Security Instrument Is
<br /> -""�"'-`�� on a leasehald,Bonower shail camply wfth all the pravlsions ot the less4. If Borrower acqulres fee title to the Property,
<br /> -����.� the leasehold and the fee t�le shall not merge u.nless Lender agrees to the merger In wrfting.
<br /> - � y.Protoctbn of I.�nder'�RI�Ms In ths PrApeKy. If Borrower fails to pertortn tne covenanis en�i agreemarna
<br /> -"��� contained Pn this Secu�ity Instrument,or there Is a legal proceedinp that may slgnf�cantly aNect Lender's rights In the
<br /> JY�"""'�'°- Property(such as a p�oceeding In bankruptcy,pmbate,for condemnatlor�orfortefture or to eMorce laws or
<br /> � repulations),then Lender may do and pay for whatover Is nece�sary to protect the value of the Property and Lender's
<br /> rlgMs in the Property.Lender'o actlons may inciude paying any sums�ecured bya Iten whlch has priorlty aver thls
<br /> _---- - Securky InstNmerit,appee►ing In caun,paying reasonable attorneys'fees and er�ering on the Ps�operty to make
<br /> - = �epaira.Although Lender may take actlon under thls paragraph 7,Lender does�ot have to do so.
<br /> Any amounts disbursed by Lender under this paragraph 7 shail become addftlonal debt of Borrowor secured by
<br /> ---= this Security InstrumeM.Unless Borrower and Lender agree 40 oth�r tarms ot payment,these amouMa shall bear
<br /> ____- tMerest irom the date of dlsbursement at tha Note rate end shall be payabte,wtth Interest,upon notice irom Lensler to
<br /> Borcower requesting pnyment.
<br /> - d,IlAort�p�Inwnnc�. If Lender requlred mortgagelnsu�ance ae a cond[tion of making the loarr secured by this
<br /> SecuHty Instn�meM,Borrovrer shall pay the premlu�i�s requlred to malrnaln the mortgege Insurance in effect.It,for eny
<br /> --- reason,tha mc�rtgage Insurence coverage requlred by I.ender lapses or ceases to be in eHect,Borrower shalt pay tha
<br /> _ premlums required to obtaln coverage substantially equivalen!!o the mortgage in�urencepraulously In effect,at a cost
<br /> �ubstaMtally equlvatent to the cost to Borrower of the mortgage Insurance previousty fn etfect,irom an aitamate
<br /> mort�age insurer epproved by Lender.If substantialiy equNalAnt mortgage Insurenca coverage Is not avaNable,
<br /> -� Bonower shall pay tn Lender 2ach month a sum equal to one-twolith of the yeaHy mortyage insurance premlum being
<br /> �ki by Borrowsr when the Insurance cov�rage lapsed or ceased to be In eHect.ler+der wAI accept,use and reteln these
<br /> __-__� paymeMS as a foss reserve in iieu of mortgaye insurnnce.L098 i'&o6iYo�k+yiiio:.IS�:•Wy r.o lcng�:b�:�°.:lrrd.et ths �
<br /> opSlon ot Lender,if montgage Insurance cave�ge(In the amnunt and for the perlods that Lender requires)provided by
<br /> _ an Insurer approved by Lender egaln becomes avallable and Is obt9tned. Borcower shallpay the premlums requlred to
<br /> ""--�� -�-- malntain mortgege tnsurancs in eBect,or to provide a loss reserve,untU the requlrement for mortgage Insuranco ends
<br /> - in accordar+ce with any wrftt�r+agreement between Bonower and I.encier or appllcable law.
<br /> "����---� Q. Inspsctian. I.ender or fte ageni may make reasonabte entries upon and Inspectlons of the Property. Lender
<br /> -_--_—= shall give Borrower notice at tha time of or prlor to an Inspectlon specNying reasonabie cause for the inspectlon.
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<br />_'„y��F�,,��� •e. c_ FORiN 3028 9/90
<br /> -^TM���=V_,�.�� NEBRASKA»81NGLE FAMtLY--FNMR�/FHLMC UNIFORM IN5TFt1�lYlEN'�� ` «`
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