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<br /> , i .1 ' � ��/BS�� LOANNO. 1559200944 , ` .'
<br /> � g •i .
<br /> � , Ali[nsurance poltcies and renewals shali be acceptabte�oZender and shail include a standard martga�e oau�s�ef . ' <c _ . .
<br /> � � Lender sliall have the�igM tc hotd the po8cies and renewals.if Lender requires,Borrower shali promptty g ,
<br /> af�receipis of paid prem3ums and reneu�ra�noUces.ln the everrt of loss,Borrower shail give prompt notice to the
<br /> � � ?y insurance car►1er and Lender.Lender may make proof of loss if not made promp�y by Borrower. � � : , . •:�
<br /> - t UNess Lender an d Borrower otheiuvise agree in vvriting,insurance Proceeds shall be applied to restoratfon or repair - ---.-'._4.' ;_.-;.
<br /> ....
<br /> � � � of tt�e Pro pe r ty damaged,�the restoratton or repa�r is economically feasible and Lender's securfty is not lessened.If the ..,,;{,,
<br /> restoratlon or repair is not econom i c a l l y feasi b t e o r L e n d e r's s e c u r i t y w o u l d b e l e s s e n e d,t h e i n s u r a n c e proceeds shall � �
<br /> ; � � � be appUed to the sums secured by this Security�nsirument.v++hether or not then due,with any excess paid to Borrower• .;; , � _ , '
<br /> . s I f B o rt o w e r abamlons the Prapetity,or does not answer within 30 d3ys a notice from Lender that the insurance carrier ,,,,; � . < <,'
<br /> has offered to settle a claim,then Lender may collect the insurance pro c e e ds-L en d e r m a y u s e t h e p r a c e e d s to re p air
<br /> or restore the Property or to pay sums secured bY this Security Instrumeni,whether or not then due.The 3U-day pertod , ; ,
<br /> ` witl begin when the notice is gh►en � r
<br /> Untess Lender and Borrower othetwise agree in writin9,anY aPPUcation of proce�s to prtncipal shall not extend or � _... :
<br /> ' ' postpone the due date of the morRhty paymerds referred to in paragraphs 1 arid 2 or change the amouni of the :��,�,_Y:
<br /> . p a y m e n t s. If under para graph 21 t.�e PropeRy is a�or to the acquis f U n s i s a 1 1 p a s s t g o L e n de t o t t►e e x ter i ot the s ms -• . ,—
<br /> � � �p r a c e e d s r e s u i tl n g f r o m dama ge t�t�..ProPenll P � . .: n---
<br /> � secured faythls Security Instrum�::cmnedtaielY P dortot he acqu is�i o n. ��_ __
<br /> .. . . -�...�_=_:
<br /> � 6.Occu pan c y,Presenration,l�7ai�rienance and Protection of the Property;Boreower's Loan Appiicauon; �- '.�.: �.,,-..
<br /> �: �..
<br /> ° � Leasehoids. Borrower sha�1 occu��.establish,an d use t he Prope rt y a s B o r r o w e P s p r i n c i p a!r e sidence within sbcty days , ,,,.��,.
<br /> . cu the Pro as BoROwer's principal � _ `
<br />� ` after the executton of thfis Security fr�-�mer�t and sha{{cominue to occuPY P�'�l► -j:��
<br /> � ' residence for at teast one year afier�e date af occupancy,unfess Lender otherwise agrees in writing,wi�tch consern . .=;_._s_:c�:=,
<br /> .' shall not be unreasonabtywithheicl,or unless extenuating circumstances exist w dB��e or commit waste on t e �� ... ;�. '.��:-`�,
<br /> �� Borrower shali not dest�oy,damage or impatr the Property,allov+i the Property to . �,.`
<br /> i property.Barrower shafl be in defauli ff any folfefwre acUon or proceeding,whether civD or criminal,is begun that in �T.�
<br /> - Lende�s good faith judgment could result in forfeiture of the Prcperty or atherwise materialty impair the lien created by ,. n: ..:_,,...�.:
<br /> . �_�.,�..,V,�,-
<br /> � � this Secc�rity Instrument o r L e n d e Y s s e c u r i ty i n t erest.Botrower ma y cure such a defauit and reinstate,as provided in _ �-_ �- --- -
<br /> p a r a g r a p�1 8,b y causin g the actton or proceeding to be dismissed with a ruling thaL in Lende�'s gaod faith ���.,._ �.��
<br /> determinaifon,predudes forfeitura of the Borrowe�s interest in the PropeRy or o t her ma t e r i a l I m p a i r m e n t o f the lten . . _° -
<br /> created by this Secut(ty Instrument or Lenders security iriteres�t.Borrower sha11 also be(n defauit ff Borrower,during the � . : .{��i'
<br /> � toan app11cation process,gave materlalhl fafse or irtaccurate information or statemerrts to Lender(or failed to provide ; 4, , ,,,,��.
<br /> but naY limlted to, �,_�
<br /> � .�. Lender w i t h any m a te r i a l i r rf o r m a tl o n)i n c onnectlon with the loan evtdenced by the Note,induding, ;
<br /> � repteseMat�ons concerning BoROwe�s occupancY of the Property as a principal�esidence.If this Secu dry In s t r ume n t i s ; :, ..;�;,�
<br /> • ��.r,?�1.',
<br /> on a l�sehold,BoROwer shall comply w(th all the provfsions of the�o the'me r er neC�S r�fee t�te to the Property. ;,':'. ._.��+„
<br /> � the leasehotd and the fee tiile sha1�not merge untess Lender agrees 9 �..,�+
<br /> 7.Protection of Leader's Aights in the Property. lf Borrower faits to perform the cov2nants and agreements '�.`�
<br /> ' ;, �";�.::_:
<br /> cor�tained in thts Securfty InstrumeM,orthere is a legal proceeding that may signiflcarrtiy a�ect Lendes's�ighta in the . , �'•'�.
<br /> , . .�,.:,
<br /> property(such as a preceeding tn banicruptay,probate,for condemnation or forfeiture or to eMorce laws or .�� 71��,_
<br /> � reguiatlonsj,then Lender may do and pay for whatever is necessary to protect the value of the Property and Lende�s y
<br /> � rights in the Property Lender's acnons may include paying any sums secured by a lien which has priority over this �'.''4:",.:
<br /> � Security Instrument,appearing in couR,paying reasonable attomeys'fees and eniering on tha Property to make . .;°��f
<br />- repalrs.A�though Lender may take action under this paragraph 7.Lender does nat hava to do so. , . , , :,�_
<br /> . �i�.�l'��
<br /> � � Any amounts disbursed by Lender under thls paragraph 7 shaN bacome additlonal debt af Bonower secured by . �,
<br /> thts Security tnstnrmern.Untess Bor�awer and Lender agree to other terms of payme�rt.these amounts shali bear ,, •�-
<br /> � irtterest ftom the date of disbursement at the Note rate and shail be payable,with interest,upon notice from t.ender to �:.;.��f
<br /> � Borrower requesNng paymerrt. �
<br /> `�'
<br /> � 8.Mortgage Insuranca. If Lender required mortgage insurance as a condftion of making the loan secured by this .
<br /> Security Instrumerrt.BoROwer shaU pay the premiums requlred to maintaln the mortgage insurance in eNect.If,for any
<br /> � �� reason,the mortgage insurance coverage required by Lender tapses or ceases to be in effect,Borrower shall pay the . .. •..
<br /> premlums requlred to obtain coverage substarrtially equivaierrt 4o the moRgage insurance prevtousty in effect,at a cost
<br /> �� substantialty equivalent to the cost to Borrower ot the mortgage insurance previousty in effect,from an aitemate
<br /> � � moRgage insurer approved by Lender.If substantially equ�vatent mortgage tnsurance coverage is not available,
<br /> ! Borrower shall pay to Lender each month a sum equal to one-tweifth of the yeady mortgage insurance premium being
<br /> � . � 1 pald by Borrower when the insurance coverage lapsed or ceased to be in effect.Lender will accept,use and retain these ,
<br /> ' . payments as a toss reserve in lieu of mortgage insurance.Loss rese►ve payments may no longer be required,at the
<br /> ;.� option of Lender,if mortgage insurance coverage(in the amount and for the periods that Lender requires)provided by
<br /> an insurer appraved by Lender again becomes available and is obtained. Borrower shall pay the premiums requtred to
<br /> '.r maintain moRgage insurartce in eNect,or to provide a loss reserve,until the requiremer►t tor moRgage insurance ends
<br /> in accordance with any written agreement betwesn Borrower and Lender or appiicable law. �
<br /> � 9. Inspectlon. Lender or its agent may make reasonable entrles upon and lnspections oi the Property. Lender .
<br /> � ; shalt give Borrower noilce at the time of or prior to an inspection specifying reasonable cause for the inspection.
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<br /> ' NEBRAS1iA�SiNG1E FAMILY—FNMAJFHLMC UNIFORM INSTHUMENT FORM 30289/90 ' . .
<br />- ' i ISC/CMOTNE//0792/3028�9�90)•L PAGE 3 OF 6 � .
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