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<br /> LOANNO. 15592� �963 � "
<br /> , • ' �::. 9��-�f��� . . Q�:
<br /> � � . All tnsurance polictes and renewals sha11 be acce¢�bte to Lender and sh I indude a standard mortgage ctause. �. ��. " ,
<br /> � , Lender shait have the r[ght to hold the poticies and renewa{s.!f Lender requires.Borrower shall promptly give to Lender �
<br /> ° ,� -- al1 receipts of paid premiums and renawal natices_tn the event of loss.Barrower shall give prompt nottce to the
<br /> � - , • insurance carr(er arid Lender.Lender may make praof of loss it not made pramptiy by Borrower. _ �__;
<br />- - � - - - Urdess Lender and Borrower oiP�en�ise agree fn writing,insurance proceeds shal!be applied to restaratton or repair __ __ - .:
<br /> � of the Property damaged,if tha restorat[on or repair is economiqlly feasihle and Lender's security is not lessened.If the ;
<br /> . restaratian or repair is not economicalty feasible or Lender's security would be lessened,the insurance proceeds shau ��� ` .
<br /> . 6e apptfied to the sums secured tiy this Security Instrument,whether or not then due,with any excess paid to Borrowe� . ' �'�-�:�
<br />' �- . If Borrower abandons the Property.ot does not answer wfthin 30 days a notice from Lender that the insurance carrier • ����
<br /> . � � has offered to settle a daim,then lender may collect the insurance praceeds.Lender may use the proceeds to repair -�� '�=�4°: �"'•
<br /> � � : or restore the Property or to pay sums secured by thts Security Instntment,wheiher or not then due.The 30�day penod • " `�;.
<br /> � � .' � wiil begin when the notice Is gtven. � �¢�""
<br /> ; :. ., -
<br /> ' ' ` r Unless Lender and Borrower othervu(se agree in writtng,any applicaUon of proceeds to principal shail nat extend or � '�'� _�
<br />-; ' � " � - postpone the dae date of the morRhty paymerns reterred to tn paragraphs 1 and 2 or change the amaunt of the `��;�.�
<br />� • � paymerts. If under paragraph 21 the PropeRy fs acquired by Lender,BorrowePs right to any insurance poiicies and : - � ;-- __
<br /> , . - proceeds�uiting irom damage to the Property prfor Lo the acquisitton shaN pass to Lender to the extent of the sums �, -
<br />�Y secured by this Security Instrument immediately pr[or to the acquis�ion. •
<br /> ' 6 Occupancy,Preservatton,Mai�rtenanc�and Protedton o!the Property;BortowePs Loan Appl�catian; �'�� I�`•`
<br /> ��t Leasehotd9. Borrower shall occupy,estabfish,and use the Properry as BorrowePs principal residence wrthin sixry days -.:_.
<br /> � � ``'° after the executton of this Security tnstrumern and shall condnue to occupy the Property as BoROwer's principal ' ''�
<br /> ' � '";.- residence for at least one year atter the date of occupancy,untess Lender utherwise agrees in writing,which consent _ ��
<br /> '� • � �� shaU not be unreasortabi}i wfthheld,or uNess extenuating circumstances exist which are beyond Borrower's control. ,�_. �� _'—
<br />'�: � Borruwer shall nat destroy,damage or impa[r the Property,allow the Property to deteriorate,or commft waste on the . � '�#:;_
<br /> ;� Property.Barrower shall be in def$uIt if any forteiture action or proceeding,whether civii or criminal,is begun that in �
<br /> Lender's ood f a i t h ju dgme r rt cou t d r e s u l t tn fo r fe f t u re o f t h e P ro p e r t y o r o t h e r w i s e m a t e r l a f l y i m p a i r t h e l i e n c r e a t e d b y ���_.-�--
<br /> gw�:�a.... ,.;�:,,.
<br /> - - this Securlty Inswmer�i or Lender's securiry inierest.Borrower may cure such a defauii and relnstafe,as provided in 3,r,�,_
<br />�.'� paragraph 18,by causing the action or proceeding to be dismissed with a ruiing that,in Lender's good iaith � •.•:•-- ._�_-
<br /><;� ' ` determinatlon,predudes farfeiture of the Borrawers interest in the Property or other material impairment of the lien `-�
<br /> ;�:- . � created bythts Securiry InsWmertt or Lender's secarity tnterest BoROwer shaA alsa be tn default it Borrower,during the , if,--,�'
<br /> � loan appfic�tion process,gave matedailyfalse or inaccurate informatton or statements to Lender(or falecf to provide . _;r,- �
<br />- Lender wiih any material information)in connectton with the loan evtdenced by the Note,including,but not limited to, •_
<br /> re resentations concemin BoROwer's occu ncy of the Pro e as a princi al residence.If this Secu' Instrument is . �'�r—-
<br /> P 9 Fa P MY P "h� : r="
<br /> � � on a leaseho l d,8orrower s h a l l comp(y w(t h a i l t h e p r o v i s t o n s o f t h e l e a s e. I f 8 o r r o w e r a c q u i r e s f e e t i t l e t o t h e P r o p e rt y, '��`�""}�
<br /> • �.�._,,,
<br /> the leasehotd and the fee t1Ue shall not merge un less Len de�agrees to t he merger i n w r i tin g. � �;•�;.�� -`_�=
<br /> � �.Protectton of Lender's RigMs inthe Property. (f Borrower fails to perform the cavenams and agreements e�:.
<br /> cornained ih this Securiry Instrumer�t,orthere is a legal praceeding that may sign�icanUy affect Lender's rights in the . .°��'�`
<br /> � ' ' " ' Property(such as a proceeding tn bankruptcy,probate,for condemnation or forfeiture or to enforce laws or :�'��;
<br /> regula�ons),then Lender may do and pay for whatever is necessary to protect the value of the Property and Lenders = • � " '3�..
<br /> ����,
<br /> . � rights in tfie Property.Lender's acttons may(nclude paying any sums secured by a ifen which has prlority over this .
<br /> � ' � � Security InsWment,appearing tn court,paying reasonable attomeys'fees and entering on the Properry to make ���'�,
<br /> . � � repairs.Aithougfi Lender may take ac,tfon under this paragraph 7,Lender does not have to do so. �
<br /> ' Any amounts disbursed by Lendgr under this paragraph 7 shail become additionat debt of Borrower secured by � . . �..��.
<br /> ' :; this Security Instrument Unless Borrower and Lender agree to other terms of paymerrt,these amounts shall bear . . -r—,-�
<br /> . . � � . irrterest from the date ot dtsbursement at the Note rate and shalf be payable,with interest,upon notice from Lender to '� � -����`
<br /> �.
<br /> �: � _ BoROwer requestin9 paYmeM. � ,. .�.-x�;.
<br /> ��::<<� � . ..
<br /> � • 8.Mortgage(nsura�tce. If Lender required mortgage insurance as a condition ot making the lo�n secured by this .
<br /> • � Security Instrument,BoROwer shail paythe premiums requlred to maintain the moRgage insurance in effect.If,for any ..
<br /> � reason,the mortgage insurance coverage required by Lender lapses or ceases to be in effect,Borrower shail pay the �
<br /> , � ' � . premiums reqnlred to obtain coverage substantialiy equivalent to the moRgage Insurance previousty in effec�at a cost . ,
<br /> ` r � substanttally equivalent to the cast to Borrower of the mortgage insurance previousty in effect,trom an altemate . .. _
<br /> :�<:'�• � mortgage insurer approved by Lertder.If substantialty equivalent mortgage insurance coverage is noi available. .
<br /> � � 8orrower shall pay to Lender each month a sum equal to one-twelfth of the yearly moRgage insurance premium being , .
<br /> paid by Bonower when the insurartce coverage lapsed or ceased to be in effect.Lender will accept,use and retain these . . . .
<br /> � payments as a toss reserve In Ueu of mortgage insurance.Loss reserve payments may no longer be required,at the � _
<br /> � ` option of Lender,(f moRgage insurance coverage(in the amount and for the periods that Lender requires)provided by . �_ :.•
<br /> � �� an insurer approved by Lender again becomes available and ls obtained. Borrower shall pay the premiums required to � � h
<br />°'�;:r•�:� maintain moRgage insurance in effect.or to provide a loss reserve,until the requirement tor mortgage insurance ends �
<br /> • .�; In accordance with any wrttten agreement between 8orrower and Lender or appiicable law. • :
<br /> :.,.; � `; 9. Inspection. Lender ot its agent may make reasonable entries upon and inspections of the Property. Lender : �
<br /> , � shalt give 8orrower notice at the time of or prlor to an inspection specifying reasonable cause for the inspectlon. .
<br /> 'E . „.
<br />� , � .
<br /> t' .
<br /> , i NEHRASKA-SIN(3LE FAMILY-FNMA/FFILMC UNIFOAM INSTRUMENT • FORM 3028 9/90 .:
<br />- � ISC/CMDTNE//0792/3028(9�90)-L PAGE 3 OF 6
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