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<br /> � . . . - 9�� $�,q.'7�5 ORIGI��� �` ; `F�,
<br /> �4 - . �� ' 6. Occupancy. Presen�ation. Meiuteaance and Pevtedion o!the Prepeirty. Borrower's Lnan Applica3ton; • .
<br /> � ' � _ Leasehotds. Borrower s6alt aocupy.establish,and use the Propeity as Borrower's principal residence within siary days �.�` ; . ..
<br /> - � after the eaecution of this SeWrity tnstnrment and shal�continue to occupy the Propercy as Burrower's principal cesidence
<br /> ' for at least one year afcer the daze of accvpaary.untess Letzder at1►e�uvise a$tees�a writing, whicb coasent shall uot be .
<br /> � , � � unreasonaaly withheld.or ualess e�uenuat9ng circumstances exist which are beyoad BorroWer's conuol. Bonawer sdati ,
<br /> -- . - =` j not destroy.3�,'e�r i�sair s�C�Y•'���-°�-'�'-�ta deterierate.or commit waste on the Propeity. Borm�ver __ .
<br /> •r shall be in defaulc if a�y forfeiture acaon or proceeding.whether civil or criminal. is begun that in l.ender's gaoa fai[f�
<br /> s° � - �� � judgment wuld result in forfeitiue af the Property ar otherwise materially imgair ehe liea created by t6is Securiry ,
<br /> " "�� `• lasuument or Lender's sea►rity interest. Borrowec may cure such a default and reinstate,as pcovided�n paraBraPb 18.by
<br /> - • � - - ' pusing the action or proceeding to be dismissed with a ru3ing that. in Lender's good faith determination. prectudes
<br /> ` - ` � forfeiture at the Barrower's iaterest ia the Property or other rnaterial impairment of the lien creaced by this Secarity . - -
<br /> � � � I n s t rument or I.ender's securiry ineerest. Borrower shall also be in default if Borrower, during che loan application t �
<br /> • � • process.gaYe materially false or inaccurate information.or statements to l.e a der(or fai l e d t o p r o v i d e L e n d e r w i t� a u y _
<br /> 3�-� • .
<br /> material inforwauon) in connection with the loau tvidenced by the Note. including, but not limited to. representatiuns � <t F.
<br /> s•, . . . . �� coACeming Bartower's occupancy of the Propert3►as a prinsipal residence. If this Security Instiument is an a teasehold. .- -_ ---
<br /> ,`: ' Borrower shall comgly with ail the pmvisioas of the tease. If Bormwer acquires fee titte to[he Properry.the leasehold and
<br /> � the fee dde shall aot merge unless I.cnder agrees eo the merger ia writing• . .. .
<br />" <<' . 7. Froteetton of Lender's Rtghts iu We Prapecty. If Borcower fails to perform the covenants and agreements .� `•• .
<br /> ;fy , � voatained in this Security lnstrument.or there is a legal pmceeding ehat anay signifccantty affea Irender's righu ia the .
<br />_ � . . , property(suct�as a praceedin$in banlauPttY.probate.for wndemnarion or forfeinue or w enforce laws or iegulations), ��_
<br />:s,:- - thea Lender may do and pay for whatever is necessu3+to pratcct the value of the Property and lxnderts riF,hts in the . .�..;`�'_:
<br />' ?°� .� ; .' Lender's actians may include PayinS anY sums sec�red by a li� whicb 6ac priority over this Security . '•:�
<br /> - ' ��t,a p Pearing in court,PaYing reasonabte attomeys'fees and entering on the Property to make repairs. Alt}tougti y.
<br /> `�- h 7,Le n d er daes not h ave t o d o s o. '' —
<br /> �-' • - •. l.ender may take action under this parap,rap � ° ;.'r=
<br /> e;: h 7 shali become additional debt of Borrower secured by th'ts =.
<br /> k f� '';;, pny amounts disbursed by Lender under this paragrap ;: ,,.1`, f;�
<br /> F;. � � ger�uriry Inspvmen� Unless Borrovrer and L.ender agree to other tem�s of payment,these an►ounts shall hear interest from �
<br /> � - the date o f d i s biusemen t a t t h e N o t e r a t e a n d sha11 be pa yable. with interest, upon notice from Lender co Bo:sower __ .r .L_
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<br /> . ' :i:•;:c. requestinS PaYment-
<br /> . . � �. Mortgage Ir�u�ance. If l.ender required mortgage insurance as a condition of making the loan secured by tbis � � ,t,.—;_
<br /> ��; . . e insurance in effect. If.for any . �'` �;�^�
<br /> Securiry Insm�ment.Borrower shall pay We premiums required to maintain th�mongag
<br />-- reason, the mortgage insurai►ce coverage required by Lender lapses or ceases to be in effect, Borrower shall pay the .;:;�_;;.:�`.
<br /> -- . . �. ' I premiwns required to obtain coverage substandally equivalent to the mortgage insurance previonsly in effect,at a cnst • -;'::,�
<br /> �' ' �� '�` I substantially equivalent ro the cast to Boaower of the mortgage insurance previously in effect,from an altemate mortgage �• -`�•r�,=-
<br /> �r� ; � • : � insurer approved by Lender. If substantially equivalent mortgage insurance coverage is not availabie,Borrower shall pay to ,,_.,,.'.
<br /> ` �' � Leader each month a sum equal to one-twelftb of the yearly mortgage insurance premium being pald by Boirower when the :..,.�•;.:p.
<br />-"..�_;::J.`!�_ '. . . . . '__"'
<br /> �.:>>,;!.� � • . :-, insurance ooverage lapsed or ceased to be in effect. Lender will accept,use and t�taia[hese payments as a toss re.sen+e in �
<br /> •� ' � lieu of morcgage insurance• 1-uss reserve payments may no longer be reqnired. at the option of Lender, if mortgage
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<br /> • � insnrance coverage(in the amount an d for t he p eri o d t h a t L e n d e r r e q u i r e s)p r a v i d e d b y a n i n s u r e r a p proved b y l.endec , '�;=�__
<br /> �� ��.:.
<br /> ;: � �• . again becomes available and is obtained. Borrower shall pay the premiums rea,uired to maintaia mortgage insurance in
<br /> ° ` � ' effect,os to provide a toss reserve, until the requirement for mortgage insnrance ends in accordance witb any writien _-�
<br /> , agreement between Borrower and I.ender or applicable law. ^ -
<br /> . g, Inspectloa. I.ender or iu agent may make reasonable enuies apon and inspections of the Property. Lender
<br /> � � . shall give Borrower notice at the timc of or prior co an inspectIon specifying reasonable caase for the inspec[ioa. • :d�Vi;:-
<br /> • !0. Condemnatton. The proceeds of any award or claisn for daznages,direct or consequential,in connection with �"�, j�;.
<br /> or for conve ance in 1Ien of wndemnazion, are heieby ;. •i_-
<br />'..,.; ' . �• :. I any wndemnation or o[her taking of any part of the Proper[y. Y .,.,,,.
<br /> 1 assigned and shalt be paid to Lender. ' '_
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<br /> la the event of a co[al taking of the Propeny. the proceeds shall be applied ta the sums secured by thls Security
<br /> � Instrument,whether or not then due,with any excess paid to Borrower. In the event of a partial taking of the Propecty in .
<br /> which the fair taarket value of the Property immediatety before the taking is equal to or greater than the amaunt of the swns ` .���
<br /> � s e c u r e d b y[h i s S e c u r i ry I n s t r u m e n t i m m e d i a t et y before the takin g,unless Borrower and Lender otherwise agree ia wciting, . �:�.��:•:
<br /> �'�!'�' � the sums seeured by this Sec�rity Instrument shall be reduced by the amount of the pro c e a b s mu ltip l i e d b y t h e f o l t o w i n g
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<br /> ,� fraction:(a)the total amount of the sums securetl immediately before ihc tatcing,divided by(h)the f�?r ma�ket value of the : �:_-_
<br /> .';`,•�-> ' .�::� Pcoperty immediately before the taking. Any b�Jance shall be paid to Borrower. In the event of a partial taking of the �.^.
<br /> , •,l - Property iu which the fair mazket value of the Property immediately before the taking is less than the amaunt of dte sums
<br /> � . - � secured immediately before the taking, unlcss Bonower and Lender otherwise agree in writing or unless applicable law t,
<br /> � otherwise provides. the proceeds sha11 be applied to the sums secured by this Security Instrument whether or not the sums
<br /> � aze then due. �
<br /> • If the Property is abandoned by Borrower, or if.after notice by Lender to Borrower that the condemnor offers to
<br /> � .�;. . make art award or setde a claim for damages.Borrower fails to respond to Lender within 30 days after the date the notice is �
<br /> � given,Lender is authorized to collect and apply the proceeds,at its option.either to restoration or repair of the Property or to
<br /> � the su�s secured by this Secudty Instrument,whether or not then due.
<br /> ,.. t. Unless Lender and Banower otherwise agree in writing,any application of proceeds to principal shall not extend or
<br /> 7:� ; � ' : � poszpone the due date of the monthiy payments refened to in paragraphs 1 and 2 or change the amount of such payments.
<br /> Il. Borrower Not Reieased; Forbearaace By Lender Not a Waiver. Extension of the time for payment or
<br /> modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of .
<br /> '� � � Borrc�er shall not operate to release the liability of the original Borrower or Bonower's successors in interest. Lender •
<br /> • shall not be required to commence ptoceedings against any successor in intecest or refuse to extead tlme for payment or .
<br />: • �� otherwise modify amonization of the sums secured hy this Security Instrument by reason of any demand made by t::e ,
<br /> original Borrower or Bonower's suceessors in interesi. Any forbearance by Lender in exercising any right or remedy
<br /> � � ) shall not be a waiver of or preclude�he exercise of any right or temedy. .
<br /> tZ. Successors and Assigns Bound;Jolnt and 5everal Liability; Co-signers. The covenants and agreements of
<br /> � this Secutity lnsttument shall bind and benefit the successors and assigns of Lender and Bonower,subject to the provisions of .
<br /> • ! paragraph 17. Borrower's wvenants and agreements shall be joint and scvetal. Any Borrower who casigns this Security .
<br /> � Instrument but does not execute the Note: (a)is casigs�ing this 5ecurity Instrument only to mongage. grant and canvey • .
<br /> � ��� • �hat Bonower's interesc in thc Proper�y undet the terms of this Security Instrument:(b)is nvt personally obligated to pay .
<br /> ','�� ' the sums secured by this Sccurity Instrument; and(c)agrces that Lender and any other Bonower may agree to extend.
<br /> � � modify.forbear or make any accommodations with regard to the terms of this Security Instroment or the Note without that
<br /> - liorrower's consent. '� �
<br /> " ' . 30�AA Rc�.U9J Ill�EOf Neb� Fa6m 3018 9�90 �pu¢�i�/1 pnger� •
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