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<br /> • :7Q'.'� 1�(Q�a3� LOAN NO. i r,3 s 2 i i � n� �-
<br /> � All Ineurance pollcles and renewals ahall be accaptable to Lender and shall Include a standard mortgage clause. -
<br /> Lender shall have the right to hold the pollcles and renewals.►f Lender requlres,9orrowar ahall promptly glve to Lender
<br /> all recefpts of pafd premlum&and ranawal noticos. In tha event of loss,Borrowvr shall c�ive prompt notice to tho � .
<br /> insurance carrler and Lender.Lender may rnake proof of losa if not made promptly by Borrower.
<br /> Unless Lender and Borrower othsrwise agree in writing,insuranco proceeds shali be applied to restoratlon or repalr �
<br /> of the Proper:�damaged,if the�estoration or repalr Is economlcaily feasible and Lender's security Is not lessened.If the -
<br /> restoratlon or repair is not economlcally feaslble or Lender's securlty woutd be lessened,the insurance proceeds shall • �
<br /> be applled to the sums secured by this Security Instrument,whether or not then due,with any excess paid to Borrower. �� ;{
<br /> If Borrower Abandons the Prope�ty�or does not answer wiihin 30 days a notice from Lender that the insurance carrler _
<br /> has offered to settle a clalm,th�,n Lender may collect the insurance proceeds, Lender may use the proceeds to repalr
<br /> or restora the Property or to pay sums secured by this Security Instrument,whether or not then due.The 30-day perlod • ::��,�
<br /> wlll begln when the notice is given, _ �'"�-�`—-
<br /> Unless Lender and Borrower otherwise agree in writing,any appllcation of procoeds to principal shall not eMend or +�
<br /> postpone the due date of the monthly payments referred to in paragraphs t and 2 or change the amount of the " .�,_
<br /> payments. If under paragraph 21 the Proporry Is acqulred by Lender,Borrower's r(ght to any Insurance polictes and
<br /> proceeds resulting from darnage to the Property prlor to the acquisition shall pass to Lender to the extent of the sums
<br /> secured by this Security Instrument imrnediately prlor to the acqulsltion.
<br /> 6.Occupancy,Preaervetton,Maintenence and Protection of the Property;Borrowar's Loan Applicetion;
<br /> Leaseholds. Borrower shall occupy,establish,and use the Property as Borrower's principal resldence withtn sixty days ---
<br /> after the executlon of thls Security instrument and shatl continue to occupy the Property as Borrower's principal
<br /> residence for at least one year after the date of occupancy,unless Lender otherwise agrees In writ(ng,which consent
<br /> shall not be unreasonably wkhheld,or unless extenuating clrcumstances exlst which are be;�ond Borrower's control.
<br /> Borrower shall not destroy.damage or impalr the Property,allow the Property to deteriorate,or aommit waste on the
<br /> �� Property. Borrower shall be In default if any forfeiture actlon or proceeding,whc�ther clvll or criminal,Is begun that In ,;�
<br /> Londer's good faith Judgment could result in fortefture of the Properry or otherwlse materiaily impafr the Ilen created by - -
<br /> this Security Instrument or Lender's security Interest.Borrawer may aure such a defauit and reinstate,as provided in , ,��
<br /> , paragraph 18,by causing the action or proceeding to be dismissed with a ruling that,In l.ender's good falth
<br /> determination,precludes fodelture of the Borrower's Interest In the Property or other materlal Impairment of the Ilen •t�
<br /> croatetl by thls Secunty inst►ument or i.erii3ai'�securSiy IntBtest. 8arrowor�hs!!slso be in default If R�rr�wer;during the T.r .-;�
<br /> loan appiication process,gave materially false or inaccurate informatlon or statements to Lender(or failed to provlde .
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<br /> Lender with any material intormation)in connectlon w(th the loan evldenced by the Note,including,but not Ilmited to, ,-.tt•. ;Q�;�
<br /> representations concerning Borrower's occupancy of the Property as a princlpai residence.If this Security Instrumant is �,,;y_, ,;:�
<br /> on a leasehold,Borrower shali compiy with all the provisions of the lease. If Borrower acquires fee title to the Property, �s�
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<br /> , the leasehold and the fee title shail not merge unless Lender agrees to the merger in writing. ��c':; •
<br /> 7.Protection of Lender'a Rights in the Property. If Borrower fails to perform the covenants and agreements
<br /> . I contained in this Securfty I nstrument,or there is a legal proceeding that may significently affect Lender's rights in the �� ''.. �
<br /> P r o p e r ry(s u c h a s a p r o c e e d i n g i n b a n k r u p t c y, p r o b ate,for condemnatlon or forfeiture or to enforce laws or ���`;�` „ -
<br /> regulatfons),then Lender rnay do end pay for whatever Is necessary to protect the value of the Property an d Len der's ���-�
<br /> . rights in the Property. Lender's actlons may Include paying any sums secured by a Ilen which has prior(ry over this . ; � �•—
<br /> Security Instrument,appearing in court,paying reasonable attorneys'fees and entering on the Property to make �+ _
<br /> . repairs.Although Lender rney take actlon under this paragraph 7, Lender does not have to do so. ���
<br /> Any amounts disbursed by Lende!under thls paragraph 7 shall become addltlonal debt of Borrower secured by ��'` �="
<br /> this Securiry Instrument.Unless Borrower and Lender agree to other terms of payment,these amounts shail bear ;'�,:_—
<br /> � interest from the date of dlsbursemont at the Note rate and shall be payabie,with Interest,upon notice from Lender to """��;.
<br /> Borrower requesting payment. �`�,`$,=�•~�
<br /> 8.Mortgage Inaurence. If Lender requlred mortgage insurance as a conditlon of making the loan secured by this ''f.f;�?"�'
<br /> � Secur(ty Instrument,Borrower shall pay the premiums required to malntaln the mortgage insurance in effect.If,for any -''A, �'
<br /> reason,the mortgage insurance coverage requlred by Lender lapses or ceases to be In affect,Borrower shall pay the ,,,*,,�•
<br /> premiums required to obtaln coverac�e substantfally equlvalent to the mortgage Insurance previously In effect,at a cost �• _�,:-
<br /> substantialiy equivalent to the cost to sorrower of the mortgage insurance prevlously in effect,from an altarrs:c �;-;���;;f��s
<br /> mortgage insurer approved by Lender.If substantially equlvalent mortgage insurance coverage(s not available, �
<br /> Barrower shall pay to Lender each month a sum equal to one-twelfth of the yeariy m�rtgage insurance premium being �w-
<br /> pald by Borrower when the Insurance coverage lapsed or ceased to be In effect.Lender wlll accept,use and retaln these .
<br /> payments as a loss reserve in Ifeu of mortgage insurance.Loss reserve payments may no longer be required,at the E
<br /> optlon of Lender,If mortgage insurance coverage(In the amount and for the periods that Lender requlres)provided by
<br /> an Insurer approved by Lender agaln becomes available and is obtafned. Borrower shall pay the premiums requlred to
<br /> malntaln mortgage insurance in effect,or to provide a loss reserve,until the requfrement for mortyage Insurance ends ,
<br /> in accordance with any written agroement betwoen Borrower and Lender or applicable law.
<br /> 9. Inspection. Lender or Its agent may make reasonable entries upon and inspectlons of the Property. Lender
<br /> shall glve Borrower notice at the tlme of or prtor to an Inspectlon specifying reasonable cause for the Inspection.
<br /> NEBRASKA»SINGLE FAMILY-•PNMA/FHLMC UNIFORM INSTRUMENT FORM 3028 9/90
<br /> Wl./l.nau i ivc j j�7a�iau�o(��SVi•� enr_c?n� _
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