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<br /> � ' '- � � ' g�m �i��rs"3�� LDAN N�. 1 5 3 9 Z 1 7 A 6 3 ,=y
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<br /> � � ' � le to Lender and shali indude a standard moRgage clause. _ :� _ ����::
<br /> ` . ( All insurance policfes and renewals shall be acceptab . ; .;�..�
<br /> , � � � Lender shatl have the�tght to hold the p�n���n the eVerrt of toss,B rrower shatl give PromPt noticego the�nder , —_
<br /> -. �=' ati receipts of pald premiums and re�ew � . ,y '
<br /> � `-=} insurance carrter�d I.er�der.lerider maY makg prnof of toss if not made prompUy by 8orrower. L�,`
<br /> < <] Un�ess Lender and Borrower attteru�r�se agree in writing,insurance proceeds shail be applied to restoration or repai� •- � � ---
<br /> of the Property damaged,'rf the restorait f��t orrlende�s sec�u iriyty w utd be�tessened,the su�ran e�praceeds shaU e � ��;:.` `.' ,
<br /> � � ' restorat1on or repair is not economicaliy - . .� .`":;�,'';°. ��...
<br /> . . be applled to the sums secured by ihis Securit�i��ment,whether or not then due,with any excess paid to 8orrower. r_. „ �.�i•.-(''(•,;4„.
<br /> ' If Borrower abandons the Property.or does not answerwithin 30 days a�otice from Lender that the insurance carrier - `, ,�,
<br /> eriod �:�. �,�;�'
<br /> � has offerPd to setde a datm,then Lender may coitect the insurance proceeds.Lender may use the proceeds to repair
<br /> ,i
<br /> � or restore the PropeRy or to pay sums secured by this Securiry Instrument,whether or not then due.The 30-day p `,x F,,�:. .�,
<br /> wQl begin when the not�ce is given. ` �' ,•,---
<br /> � � Unless�ender and Borrower athervulse agree in writing,any epPtic�ton of proceeds to principal shai��ot extend or :,. L �„
<br /> postpone the due date of the mordhiY PaYmQ�r e ferr e d to i n p ara g r�phs t and 2 or chartge the amour�t of the _ � ,��r
<br /> . . payments. If under paragraph 21 the Fhoperty is acq�uio�e acqWsition shalwpass ohLender o the exten of the sums :, � 6��
<br /> � _ proceeds resul8ng from damage to the Property P�or to the acquisitlon. �
<br /> seatretf by this Security Instrumer►t immediately p `� `.. �
<br /> � nance and Protedion ot the Property;BorrowePs Loan Appiicatton; �.';��`:`1 �-*;�
<br /> 6.OccuPancy,Rreservation.Mainte ,�t ,
<br /> Leasehotds. Borrower shall accupy,estab�lsh.and use the Property as Borrowe�'s principa!residence wtthm s�xty days .;N�t,,�.,,;,::L_-:_. __
<br /> A '.-.�..+.: __.--�-
<br /> �� after the execudon of this Security�nstnm�eM and shail cor�tinue to occupy the PropeRS►as Borrower's principal . �.:���_
<br /> � restdence for at least one year after the date of oocupancy,untess Lender othernise agrees in writing,which consent . . `,r� :..
<br /> � • '•�� shall not 6e unreasonabty with�de o�impair the PrQpe 9ty i�al�lrnmn►the Property t de eriorate or commit waste ont he : ,�;�
<br /> :� • Borrower shall not destroy, S ��
<br /> : �:,_� PropeRy.BoROwer shall be in cfefault if any forfeiture action or proceeding,whether civii or criminal,is begun that in ;-.:
<br /> Lender's good faith judgmer►t couid result in forfeiture of the Properry or otherwise materiaily Impair the lien created by � ���
<br /> this Securiry(nstrument or Lender's security I►tt i� o be dismissed with a ru1 ng that,in Lenders good fa'��th ��in �•��,
<br /> . paragraph 18,by causing ths action or proceed 9 or other matedat impairmeM of 4he lien . ' ;.�•
<br /> determination,preciudes fotfeiture of the Borrower's itrterest in the Property � ,.,� � ;�
<br /> created by thls Security�n avte mat ri y fal esorenac utrate fo rmationeor stat ments to Le der toBfailed to�prov d�B � . � ;s�
<br /> loan applfcatlon process.9 �
<br /> •� Lender wfth any material information)in connection with the loan evidenced by the Note,inctuding,but not limfted to, . . :; �`_
<br /> �. , represe n t a t ions conceming�e�oc me�1°�h al�l he p�ovisions o the lease�If Borrowea acquires fiee teitle to he P operty S •. ' ��.�
<br /> � on a teasehold,8orrower s p Y �► . .. . ���..-.
<br /> the leasehotd and the fee tiUe shall not merge untess Lendet agrees to the merger in writing. .: ;;.�_
<br /> 7.ProtectEon o1�ender's Rig9�ts in the Property. If Borrower fails to perform the covenants and agreements '.":,_�.,
<br /> contained in this Securiry InstrumenL or there is a legal proceeding that may significantiy affect Lender's rtghts in the -w L.<N
<br /> � robate,tor condemnation or forfeiture or to enforce laws ar � w�=;�ti
<br /> � � Property(such as a proceeding in 6ankruptcy,p ` ���,�=
<br /> regutatbns),then Lender may do and pay for whatever is necessary to protect the value of the Property and Lender's �: ....
<br /> - � �' rights in the Property.Lender's actlons may Include paying any sums secured by a Iten which has prioriry over this _ , :,::�,��
<br /> ',� x�:_�_
<br /> Security tnstrument,appearing in couR.paying reasonabte attomeys'fees and entering on the Property to make _
<br /> - � repairs.Although Lender may take action under this paragraph 7,Lender does not have to do so. � .. . .';jA�:�.
<br /> �, . Any amourtts disbursed by lsnder under this paragraph 7 shaU become additional debt of Borrower secured by : ,, �
<br /> � this Security lnstrument.Unl Ussemerlt at t e Note rate and shail be payable.w hyin erest,upon noitCe from'Le�nder to , . • � .
<br /> � ' interest from the date of disb � " �
<br /> � � 8orrower reques�n9 payment. � � �
<br /> - � . _' 8.MoRgage Insure aWer shalld ar the pre ums equlred to a ntal the mortgage nisur nce n effect If.�o�ny . . .��� �.�
<br /> • • _ � ! Security lnstrument,Borr P Y
<br /> reason,the mortgage insurance coverage required by Lender lapses or ceases to be in eftect,8orrower shail pay the . :f..
<br /> � premiums required to obtain coverage substantially equivalent to the mortgage insurance previously in effect,at a cost
<br /> � substantiafty equlvaient to the cost to Borrower of the moRgaga insurance prevlously in effect,from an altemate . .
<br /> � ' moRgage insurer appto ndebeach month a s mneiqual touonae-twelfth o the yearly mortgage n surance paemu m being � � �.
<br /> ; Borrower sha11 pay to Le �
<br /> •'� • : �; paid by Borrower when the insurance coverage lapsed or ceased to be in effect.Lender will accept,use a�d reiain these
<br /> , payments as a loss reserve in lieu of mortgage insurance.Loss reserve payments may no longer be required,at the
<br /> ! option ot Lender,if mortgage insurance coverage(in the amount and for the periods that Lender requires)provided by
<br /> ' ' an insurer approved by Lender agaln becomes available and is obtained. Borrower shafl pay the premiums required to
<br /> � � maintain mortga�e insurance in eHect,or to provide a loss reserve,until the�equirement tor mortgage insurance ends
<br /> . . 1in accordance v�nth any written agreement between 8orrower and Lender or applicable taw. Lender � . ���
<br /> ` e. InspeCtion. Lender or its ageM may make reasonable entries upon and inspections of the Property.
<br /> ! shall give Borrower notice at the time of or prior to an inspection specitying reasonabte cause for the inspection. „ .
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<br /> • � + FOAM30289/90 �
<br /> HHBRASKA-SINGLE FAIlIILY FNMA/fHLMC UNIFOAM INSTR PAGE 3�P 6
<br /> • � ' � ISC/CMDTNE//0792/3028(490)-L .
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