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<br /> .• , ��� �/►e�r�A� I.OAN N�. 1 5 3 9 2 1 5 0 0 4
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<br /> ' I I68 fAfld fOttBWf�IS 811811 k79 0CC8ptQb1Q LO L811fI8P fltld OF111I IllCllldO 8 9tQR(Iafd�l'IOn{J&g0 GIQIiSF�. �_`,
<br /> ,; . All Insurance pol c p (we to I.endar --
<br /> ' ...;`:�• Lender sha11 have the rlght tA hdd the pallclas and renewals.If Lender requlres,Borrower ehall romptly g
<br /> '�`�♦ sll recelpte of pald premluma and rene�+►al notices,In the event o}loss,eorrower ehall givo prompt notico ta tha �
<br />-�..: . Insurance c�rddr and l.ender,L.ender may make praof of loss If not made promptly by Borrower.
<br /> _.b`;�
<br /> � Unless Lender and Borro�ver othenvlse agree In wrfting,insuranco proceeds shafl be epplled to restoratlon ar repalr
<br /> -•�y�" ot the Property darru�ped,ff ths res4�raiion ov fe�af��is ecanomlcatiy 4ca�lblfl und Lertdo,'s security Is not lessen�ed^11f the a �
<br />_��'�"� reatoratlan or repalr is n�t sconomlcairy teasibte or Lendera seeuriry wouid'oe inyatlni�uu,inn i�iaU�ai u.o Nia�Coo'vo�.1u1�
<br />`�a;� � be epplled to ths sums aecured by thls Securfty Inatrument,whather or not then due,with any excese pald to Borrower.
<br /> ..:5..,� It Barower abandons tho Propc*ilr,or does not answe�within 30 days a notice irom I.onder that the insurance carrler
<br /> - -- ha�offered!o settle e clalm,then Lender may collQCi the Insu��nce proceeds.Londer may use the proceeda to repa�r
<br /> or restor�the Property or to pay sums secured by thls Seeurlry Instrument,whether or not then due.The 30�day perlad
<br />" ="'".`s'� w111 begin when the notice Is given.
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<br />��;>•x::'<: Unless Lender and Borrower othenNise agree In wrfdng,any appllcatlon oi proceeds to principal shatl not extenci or
<br /> �` � postpone the due date of 4he monthlypayments referred to In paragraphs 1 and 2 or change the amount nf the _.
<br />��:''= rr paymente. If under paragraph 21 che Proporty la acquired by Lencier,Borrower's right to any Insurance pollcles s�xl
<br /> y'�''"'�°-- praeeds resulting trom damage to the Property prlor to the acqulaftion shall pass to Lender to the extent of the eums ,
<br /> ��:,,..�
<br />___�— secured by thia Securtty Instrument Immedlately prlor to the acqulsttlon.
<br />=w"�—v e.Ocauppncy,Proserv�tlon,MRie�t�n�nae�nd Protsctlon of tha Praperty;Bosrower'�L�n Applicatton;
<br /> ra� l..axottst!sls. Borr�ter sh�ll�aupy,estabilyh,ansl use tho Property as Bo►rowar's princlpal residence within sixty days
<br /> �=�� afterthe executlon of this Securfty Inatrumsnt end shall continue to occupy the P�operty as�orrower's url�cipal �
<br />�����,. - reald�nce tar at least one year after the date ot accupancy,unless Lender otherwise agrees In wrfting,whlch consent
<br />__:�`� shall not be unreasonably withheld,or unless extenuating clecumstancss exist which are beyond Borcower's contrd.
<br /> �— Borrower sl�all not destroy,damage or Impalr the Property,allow the Propercy to detarlorate,or commft waste on the
<br />-- Praperty.Bonower shall be In default N any to�fefture actlon or proceading,whether civii or criminal,is begun that in
<br /> �"'�� Lender'a good fafth�udgment could resuit In tortefture of the Proporry or otherwlse m�terially Impalr the Ilen created by
<br /> __--- this Securtty Instrument or Leroder's security interest.Borrowsr may cure such a defauft and refnstate,as provided In
<br /> - - pa►ag�aph 18,by causing the actlon or proceEding to be dlsmissed wfth a ruling 1hat,ln Lender's good taith
<br />---� deterrnlnatlon,precludes forfsiture of the Borrowor's interest In the Prope►ty or other material Impalrmant of the Ilen
<br /> � •=� croated by thla Security InstrumaM or i.ender's securiry Interest.Borrower shail also be In default if Barrower,dudng the —
<br /> ---- loan appllcation process,gave materially false or Inaccurate Informatlon or statements to Lender(or faited to provide
<br /> _ L.end�er wRh any materlal,inioematlon)I�connectlon wfth the loan evld An�red by th esiden�ceClf�th'IseSecurity Instrumon�t Is
<br /> represeniaiions c�iri:n��m����i'r"'�.:�tar's�xup..s�C,of it!E PtL�-!!�---..-
<br /> ----- the�leasehdd r�r dflthe feA tit s�shat�l no�me Ae unle s Lende agrees to the Imerger newriting�res fee t�le to the Property,
<br /> � 7.Protectlon of Lsnd�r's Rights In the Praperty If Borrower fails to pertorm the covenarrts and agrosments
<br /> = contalned in this Scicurity Instrttment,or there Is a logal praceeding that may slgnHicantly affect Lender's�tghis in the
<br /> Property(such as e proceeding In bankNptoy,probate,for cond�mnatlon or fo�fefture or to enforce laws or
<br /> regulatlons),then Lender may do and pay for uvhat�rer is necessary to protect the value of the Property and L.ender's
<br /> �I�Ms In the Property.l.ender's sotions may(nclude paytng any sums securai by a Ilen wl�ich has p►io►ity over thls
<br /> Security Instrument,appear(ng M couK,paying reasonable attomeys'faes and enter(ng an the Property to make
<br /> repairs.Although Lender may teke action under thla paragraph 7,Londer does nat have to do sti.
<br /> Any amounta disbursed by Lender under thls paragraph 7 shatl bacome addftlonal debt ot Borrower secured by
<br /> this Security Instn�ment.Unless Borrower and I.ender ugros to other terms of payment,these amounts shall bear
<br /> Intereat irom the date of disbur�ement at the Note ratfl and shail be payable,with In4erest,upon notice from Lendor to
<br /> eorrower requesting payment
<br /> e.Mort�a���nsur�nc�. If Lender requlred mortgage insurance as e condftlon of making�ho loan secured by this
<br /> $ecurity Instn.imern,Borrower shall pary the premlu►ns required to malntain th�mortgage Insumnce in ettect.If,for any
<br /> reason,the mortgage fnsurance coverage�equired by Lender laps�s or ceases to be In eliect,Borrower si�ell pay the
<br /> premfums�equlred to obtaln c�averege substantlally equivalent to the martga�e insurance prevlously!n eifect,at a cost
<br /> -- subs*.arRl�lly equfval�nt to the cbst to Borrower of the mortgage Insurancs previously In eftect,from an aitemate
<br /> - -�= mortgage Insurer approved by�ender.lf substa�iaiiy vquivaiv��i i�io`y�iga{nnurnr,s cavar�gc!s s2c2 a�:s4!n�!e,
<br /> • t3orrower sha��pay to Lender eaah month a sum equai to one-twetfth of the yeariy rnoftgage Insurance premium befny
<br /> pald by Bonower when the InEUrance ca�erage lapsad or caasod to be in effect.L�nder wiil accept,use and retaln these
<br />.,.,,�, __::.,�,,,,,; rsuyrrserts as�ius�r�s�rvo ir�lieu of mai4gage insurance.Logs rgserve paym�nte may n�i��►gar b�raqulrad,at 9he
<br /> optlon ot Lender,ff mortgage insurance aoverafle(fn the amount and for the perloda that Lender requires)pruvided by
<br /> an Insurer approved by Lender agaln becomes avaflable end is obtalned. Borrower shall�ay the premlums requlred to
<br /> � malntafn mortgage Insurance In etfect,or to provide a loss reserve,until the requirement fot moR�ag�Insurance ends
<br /> Irr accordance with any w�ftten sgreem�nt betv+eon Borrower and Lender or appllcable law.
<br /> �. Insp�atian. Lander or fts agent may make reasonable entries u on and tnapectians of the Rroperty. Lender
<br /> -----�-- shail gfve Bonowor notice st the time of or prlor to an Inspectlon specHy�ng reasonab�e cause for the Inspectlon.
<br /> --�_�
<br /> NEBHASKA-SINfi1.E FAMILY-FNMA/FHLMC UHIFORM IkSTRI1�AENi',- ' , FdpAA 302d 9/90
<br /> -==���:
<br /> ISC/CMDTNE//07A2/3028(9�90)•L PAQE 3 OF 6
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