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<br /> . �►� an*,ASS� IAANNf� 1 5 392 1 6598 ` - -.--.
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<br /> Ait insurance poltctes artd renewals shall be acceRtab�e to Lendsr arsl shali include a standard moetgage c#ause. � i
<br /> Lender shall have the ri�ht to hold the poltcies and renewals.ff Lender requires,BoROw�r shall prompUy gh+a to Lender ;_�r=
<br /> all reoslpts of patd premiums and rertewal notices.ln the everst of toss.Borrower shatl give prompt notice to the `
<br /> insurance carrier and Lender.Lender may make proof af loss if n�i made prompUy by Borrower. . ._
<br /> UNess Lender and Borrower otherwfse agree in writ(ng,insurance proceeds shal!be applied to restoraifon or repair � "�~`
<br /> of the Prop$rty damaged,if the restoration or repatr is econOmicaity feasible and Ler,der's securityi Is not lessenad.If ths , ,
<br /> restoraUon or repalr ts nat ecor.omfcalfy feasible or Lende�s security would be lessenecl,the insurance proceeds shali ` �
<br /> be applled to the sums secured by thts Securiry Instrument,whether or not th�n due,with any excess patd to 8orrower. ; -
<br /> . If Borruwer aband4ns the Property,or does not answer wtthtn 30 days a notIce irom Lender that the Insurance carrie� t .
<br /> has offered to settle a claim,then Lender may coHe�t the insurance proceeds.Lender may use the proceeds to repair �
<br /> or resiore the Proper4y or to pay sums secured by tf'�is Security Ins4rument,whether or not then due.The 30-day psriod ` ��
<br /> v�li begin when ths notice is gfiren. � � • � _
<br /> ;_:�i. :
<br /> � UNess Lender artd Borrower otharwise agree in writing,any appticatfion of proceesis to princt�aat shal!not c�end or
<br /> • postpone the dua date of the monthly paymer�ts referred to in paragraphs t and 2 or change the amouM of the _
<br /> paymerrts. If under paragraph 21 the Property is acq`Lo�the acquisition shall pass t9ohLender to the exten�of the sums •
<br /> proceeds resulting from damage to the ProAerty p . . �•.� . .
<br /> secured bythis Securtty InstrumeM immediatety pflor to the acquisi�on. , . �-��..
<br /> � e.Occu�ancy,Presenranon,MaiRte ance a�d Frotec'ti�n of the Property;8orrower's Loan Appttcatton; , ;
<br /> � L.2�seho[da. Borrawer shall occupy,establish,and use the Pr�,�erty as Borrowers principal resfdence within sbcty days � ,��.
<br /> ; ai�rthe exec�tlon of this Security Instrumertt and shail continae to accupy the Property as Borrower's pdncipal � -_,
<br /> rr�cnce for at teas4 one year after the date of oocupancy,unless Lender otherwise agress In writing,which consent
<br /> r �iL RoY be unreasonably wtihheld,or unless e�denuating circumstances exist whici�are�eyond Borrower's coMroL ��.�.�-_
<br /> Bc:rawer shall not destroy,damage or impatr the Property,allow the Property to detedorat�or commit waste on the . .•• .�.;�.;. ;—
<br /> �` Properry.Borravber shall be in d�fauft'rf any forfeiture actton or proceeding,whether aivil or crirr,lr►al,Is begun that in � r�,::__
<br /> ``t Lende�s goacf i�a judgment could r�s�t in forfefture of the Property or otherwise materialfy���r,3air the lien created bY , . • ��
<br /> �F. th(s Security Instrument or l.snde�s securiry interes�.Borrower may cure such a defauit and reis�sYate,as provtded in �•.,.� ��_:�_;:
<br /> . paragraph t S,by causing the action or proceeding to be dismissed with a ruting that,in Lenders good faith ; ,,.�'.��5 �
<br /> determination,precludes for�erture of the BoROwers Interest in the Property ar c�+�+�matedal impairment of the Iten � ,.. '
<br /> :�� created by this Security Instrument or Lende�'s securiry irrteresL Bonower shall�f�o be in defauft i�Borrower,during the ; '� �""
<br /> ` loan 1ic�on rocess,gave materially false or inaccurate(nforma*.ton or statements to Lender(or failed to ptovtde ;
<br /> �� Lendarpw8h any mate�tal informatlon)in connectlon with the loan evid�nced by the Note,induding,but not limited to. . ' � �—
<br /> '# rr�eresenta�ons concemtng B�s�owes's oc;cupancy of the Property as a princlp�!cesidence.lf this Security Instrument is `. a'��= �
<br /> � w f t h a l l t h e ro v t s t o n s o f t h e l e a s e. I f B a��sf a c quires fee titte to th�Property, �_:,' �;.
<br /> ,,:{ nes a leaseho l d,Borrower s h,�'I c fl m p i y p t •
<br /> Yhe leasehold and the fee title shall nat merge unless Lender agrees to the merg�-9n writlng. � �'�• :'J
<br /> W;�•'f.,'�a • r!S','_
<br /> ��'� 7.Protectie�o!Lender's fiights tc��e Property. if Borrower fails to per���m the covEra.��a�xl��e..�r'nents : � --.
<br /> ,,j,,, t B : .�',:���,: �I
<br /> :r corrtained in th4:Sacurity Instrumern.e°ti'�re is a lega!proceeding that may signiftc�ndy aft��+snde�s re�hYS in the �� yn,
<br /> � �f Property(such as a proceedtng in bae��cra►�tcy,probate,far condemnation orforfeiture orto a�rce taws ar . � �,�=_
<br /> reguiations),thsn Lender ma�d'o and pay for wfiate�er}s necessary to protect th0 value of the Property�'ma�.ender's ___'_ _ ��h_ . .� . �+
<br /> � i hts in the Pro .Lende�s actions may include paying any sums secured by a Ilen which has pdority or�arthls ' �;:;.� �� .�����,.` . �
<br /> ` �9 �� in reasonabte attomeys'tees and entering on the Property to make
<br /> JSecurity instrumerrt,app ��.g in court,paY 9 : � �� --
<br /> s repairs.Although Lender may take action uiue�tt�i��+agraph 7,��r!der does not have to do so. ._ _ _-. ��__°--�
<br /> � i Any amaurrts disburs2d G�Y l.ender under this parag�aph 7 shall become addi�onal delaY of Borrower secured by �-�'_: _-��;�-``'
<br /> this Secu r i t y Instrume r rt.l l rt G c-s�B o r r a w e r a n d L ender a gree to other terms of paymerrt,these amounts shall bear —..
<br /> irrterest from the date of d:sL�:uszment at ths(Vote rate and shall be payable,w�a urfi3rest,upon noUce trom Lender to ,�.Lt;?^. ,.. ��
<br /> Borrowerrequestingpaymert_ ��```�''`�`�` �—
<br /> ' �� tnsurartce as a condition of rr�ta,..'M,�r•i�s loan secured bythis .�"'4`';��-�
<br /> ,�� 8.MortgaQe lnsurence. If Lender r�quired moKgage ,.h
<br /> �;�. Securfty Instrument,Borrower shall pa��`�premiums requtred to rr�'r.s.atn the moRgage irr.�s,r�►ce in effec�.ff,for any ��.,,,,� , �� ;.�.
<br /> e�ar!��rtower shall pay the ..;, �.,-�.
<br /> reason.the mortgage tnsurance coveraga requtred by Lender Iapses�r ceases to bs in �. T,.�:,.
<br /> � � premiums requlred to obtai�coverage su b s t a n t l a l ly equ i v a l e n t t o t h e m o rt g a g e in surance�:ti.av�ousl y in eflect,at a cost , ,,T ��i,. ..,
<br /> substantially equivalerR to t�'�v�cost to Borrower of ths moRgage lnsurance pre�cccisiy tn effect,irom an aitemate _;_�y�_
<br /> � � mortgage tns�er approved by Lender.if substaMially equlvalent mortgage irs�ra�-�^ce caverage is noi available,
<br /> • � Borrower shwl�ay to Lender each morrth a sum equal to one-twelfth uf the ye�.":y mortgag��nsurance pramium being � . -�+�:'
<br /> patd by Borrower when the insurance coverage lapsed or ceased to be in effeci.Lender wi��a�cept,use and retatn these 5,,,.{�
<br /> paymertts as a loss reserve in lieu of mortgage Insurance.Loss resenre payrt►c�rra may no longer be requiretl,at the . ,. � � �•.����:� —
<br /> � . ,F:,�,.,.
<br /> q�on ot Lender,if mortga��nsurance coverage(in 4he amount and tor t4�e��ds that Lender requires)provided by ,,;:,., ��._ �� �
<br /> ,,;<,, .
<br /> �^fnsurer approved by Len�er again becomes available and is obtaln e d. 8or�nn�r sfi a ll pa y the premiums requtred to ,,.�,�,;�.:,.�� �,� ;,,� �_,_.:
<br /> n a�ccordan egwith any uuidten agreememttoelweQn Borrowet a d Le dierhor appiicabfe a�f mortgage insurence ends L , -
<br /> ,;,� I .ic�, , _-
<br /> 9. Inspectlon. Lendet or its agerrt may make reasonable�rl:s upan and inspectlons of the PropeRy. Lender `;;..�j�;:.'.�
<br /> shal!give Borrower notice�t the time ot or prtflr to avo iraspection s�ecify►ing reasonable cause for the inspectlon. . .
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<br /> NEBAASKA-SINGLE FMAILY-FNN1A/FHLMC UNIFOAM IH5TF1U�M1ISHT' � ��'�T� i FORM 3028 9/90 _�
<br /> . g-9p�_� PACiE30F6 ' : ��!'',�,,I _—:
<br /> ,SC CMDTNE 0792 3028( , �•� '•'.
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