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<br /> ' ��� ������ LOAN NO. I 5 3 9 2 l ri 2 1 0
<br /> AI!inst�rance pollclas and renewals shal!be acceptable to Lender anc!shall Include a standard mortgage clau�e,
<br /> Lender ehall have the rlght to hold tha pallcles and renewals.If Lender requlros,Borrower shall pr�mptly giv�to Lender .
<br /> all receipts of pald prAmlum�and rens:yal notices.In the event of loss,Borrower shail give prompt no4lce to tho � .
<br /> InsursncA carrlor and Lender.Lender may make proof of losa If nnt mado premptly by Florrower. :={`-
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<br /> - � Unless Lender�nd�orrov�or otherv�lse agroe in writing,InsurancA�lmceeds shall be epplled to restoratlon or repalr ,,,
<br /> of the Praperty damaged,ff the restoratlon or repafr Is economlcally feasible end Lender's security Is not lossen�d.If the
<br /> � ' rastaration ar rapafr Is rtat ecanomfcaiiy feasib3e or Lc�nddr'd eac�a�iry wauid bs tesss���.;":.�^�;:rW^��Yro^°°�±°°tip!! �-__ '-''.��'"
<br /> :;.� be applled to tho sums secured by this Securlty Instrument,whether or not then due,wlth any excess pald to Borrower. .
<br /> �� ' � ..:�- If Borrower ebandona the Property,or does not answer wlthln 30 days a notice from Lender that the Insurance carrler .
<br /> � has offered to settle a clalm,then Lander may collact the Insurance proceoda. �ender may use the proceeds to repalr
<br /> or restore the Property or to pay sums secured by this Security Instrument,whether ar not then du�.The 30-day psrlod . •_
<br /> wlll begin when the notice Is given. �� ����--
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<br /> Unl�ss Lender and Barrower otherwise agree In wr(ting,any appllc�tlon of praceeds to principal shall not extend or ;;_;��,.�.:-.
<br /> postpone the due date af the rrtonthly paymen4s referred to In paragraphs 1 and 2 ar chango tho amount of the ' :TM^�-� --
<br /> payments. If under paragraph 21 the Property is acqulred by Lender,Borrower's right to any Insurance policies and ��:���--�
<br /> ,� proceeds resulting from damagA to the Property prior to the acqulsitlon shall pass to Lender to the axtent of th�sums .^'}:_.,��:'
<br /> . j seeured by this Secur(ry Instrument Immedlately prior to the acqulsltlan. .a f����..
<br /> '_1 8.Oceupeirtcy�Preaervatlon, MsiMenanco and Protection of the Property;Borrowar'm Loan Applicatlon; "��,w•�
<br /> ! Leaseholds. Borrower shall occupy,establ(sh,and use the Proper�y as Borrower's principal resldence vrithin sixty days �-�:'`�
<br /> ! aftor the executton of this Security Inst�ument and shall cantinue to occupy the Property as Borrower's pr(ncipal •.-
<br /> '` ' residonce for at least one year after the date of occupancy,unless Lender otherwise agrees in writing,whlch consent ':': •i`T
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<br /> , { shall not be unreasonably wfthheld,or unless extenuating circumstances exlst which are bAyond Borrowor's control. . .�: —
<br /> �; � Borrower siiall not destroy,damage or Impalr the Proporty,allovr the Propetty to deterlorate, or commit waste on the �� -��.;' .
<br /> -�� Propetty.Borrovrer shall be In default ff any fortetturA actlon or proceeding,whether clvll ar crlminaf,is begun that In `�':�`�s�---
<br /> Lender's good taith Judgment could result fn forteiture of the Property or otherwise materislly impatr the Ilen created by ....�•�_�-
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<br /> "� this Security Instrument or Lender's securfty interest.Borrower may cure such a defaul�and relnstate,as provlded In ,r�=
<br /> paragraph 1�,by causing the actfon or proceeding to be dlsmissed with a ruling that,in Lender's good faith
<br /> determinatlon,precludes fortelture of the Borrower's Interest in the Property or other materlal impalrment of the lien
<br /> - created by thls Security Instrument or Lender's securfty interest.Borrower shall also be In default If Borrower,during the '
<br /> loan application process,gave materlally false or Inaccurato Infarmatlon or statements to Lender(or falled to provide �;"
<br />- lwatlsr!�!(th e�y mata�lAl tnfermattonl in connectlon with the loan evidenced by the Note,Inaluding,but not Ilmited to, `,�
<br /> � representatlons concornfng Borrower's occupancy of the Property as a principal resldence. It thls Secunry instrumenc is �
<br /> �n a leasehold,Borrower shall comply wfth all the provlsions og the lease. If Borrower acquirea fee title to the Property,
<br /> the leasehold nnd the fee title shall not merge unless Lender agrees to the merger In wrfting.
<br /> u,. . , 7.Protection of Lender'e Rights In thv Property. If Borrower fails to perform the covenants and egreements
<br /> • `� contalned In this Secur(ty Instrument,or there Is a Iegai proceeding that may slgnificantiy affect Lendar's rlghts in the
<br /> =-,� . Property(such as a proceeding In bankruptcy,probate,for condemnation or forfeiture or to enforce laws or
<br /> ,;--;.-- .. ,� , regulations),then Lender may do and pay for whatever Is necessary to protect the value af the Properry and Lender's
<br />�� .-.�� � rights In the Property.Lender's actlons may Include paying any sums secured by a Ilen�rhich has prioriry over thls
<br /> ,... :5�rt, Security Instrument,appearing in court,paying reasonable attorneys'fees and entering on the Proporty to make
<br /> - �f- repaira.Although Lender may take actlon under this paragraph 7,Lender does not have to do so.
<br /> � "-;' � Any amounts dlsbursed by Lender urtder thts paragraph 7 shatl become addiilonal debt of Borrower secured by
<br /> `*�wk^�^'.` thls Secur(ty Instrument.Unless Borrower and Lender agree to other terms of paycnent,these amounts shail bear
<br /> lt°�W""�`f Interest from the date of disbursement at the Note rate and shall be payabte,wfth Interest,upon notice from Lender to
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<br />�3'``"'�'""" Borrower requesting payment.
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<br />- -_;;�.�"'` • 8.Martasge InBUranc�. If Lender requlred mortgage Insurartce as a conditlon of making the loan secured by this
<br />�.�".:;�;-- Security Instrument,8orrowor shall pay the premiums requlred to malntain the mortgage Insursnce In effect.lf,for any
<br /> :�� :' reason,the mortgage insurance coverage required by Lender lapses or ceases to be In effect,Borrower shall pay the
<br />- premlums requlred to obtaln coverape substantlally equfvalent to the mortgage Insurance provlously In effect,at a cost
<br /> _y�.��:
<br /> "'",Mf., substantlally equivalent to the costto Borrower of the mortgaga insurance prevlou3ly in effect,from an alternate
<br />'�'�`°�r��'=_ mortgage insurer approved by Lender.If substantially equivAlent mortgage Insurance caverage Is not available,
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<br />�-= Bonower shatl pay to Lender each month asum equal to one-twelfth of the yearly mortgage insuranae premlum being
<br />;z'����*• paid by Borrower when the insurance coverage lapseci or ceased 4o be tn effect.Lender wUl accept,use and retain th�se �
<br /> -._�,� - •• payments as a loss reserve fn Ileu of rnortgRge Insurance.Loss reserve payments may no longer be requlred,at the
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<br />-,�,,;�� option of Lender,If mortgage Insurance coverage(In the amount and for the perlods that Lender requlres)provided by
<br /> - , ';.� '� an insurer approved by Lertder agaln becomes avallable snd Is obtained. Borrower shail pay the promiums required to �-.
<br /> ''' •• � mafntain mortgage Insurance in effect,or to provide a lass reserve,until the requlroment for mortgage Insurance ends ��.a ,_. ,___,_
<br />- _ In accordance with any written a�reement betwoen Borrower and Lender or appticable law. __..
<br /> ? � 8. Inspcction. Lender or ks sgant may make reasonuble entrles upon and inspectlons of the Property. Lender __��--
<br /> shall give Borrower notice at the time of or prlor to an inspectfon specifying reasonable cause for the inspection. __ __
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<br /> . NEBRASKA-SINtiLH FAMILY-FNMA/FHLMC UNIFORM INSTRUMENT ti ' FORM 3028 9/40 .�n�_-
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<br /> " - ISC/CMDTNE//0792/3029(9�90)•L PAGE3 OF6 r.`�,�:�;y_-
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