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<br /> • ' . �i� ����� LOANNO. 1 55 92 0 0781 �
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<br /> ' ' Atl insurance poifcies and re�ewals shai!be acceptable to Lender and shap indude a standard mortgage dause. ` `
<br /> . Lender shall have the rfghi to hold the poiicies and renetivais.If Lender requires.Borrowar shai�promptly give to Lender ' "
<br /> ; all receipis of paid premiums and renewal not(ces.In the evertt of loss,Bonower shall give prompt notice to the G �
<br /> � , insurance canier and Lender.L�nder may make proof of loss if not made prampUy by Borrower. , �;
<br /> � . Unless Lender and�orrower otherwise agree in writing,irtsurance proceeds shall be applied to restoration or repair �
<br /> of the Property damaged,ff tha restoration or repair is ecc3nomicaily feasible and Lender's security is not lessened.If the ' �`'-
<br /> _ res*.oratIon or rapair Is nat econamlcaly teasibie w Lender's security would be lessened,the insu�ance proceeds shall �- ,.- ' . . -
<br /> � be appited to the sums secured by this Security Instrum�nt,whether or not then due,with any excess paid to Borrower_ ,
<br /> � If Barrower at�andons the Property,or does not answer within 30 days a notice from Lender that the insurance c�rrier � � --
<br /> ; has offered to settte a daim,then Lender may colteci the insurance proceeds.Lender may use the proceeds to repair
<br /> or resiore the Property or to pay sums secured by this S�curity Instrument,whether or nat then due.The 3Ut1ay period �
<br /> � wdl begtn when the rtotice is given. _ �
<br /> Unless Lender and Borrower otherwise agree in writing,any appAcatIon of proceeds to principal shap not extend or � , �� _
<br /> postparte the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of the : • ' •
<br /> payments. If under paragraph 21 the Property is acquired by Lender,BorrowePs�i�ht to any insurance po•':°cies ar►d � � ,
<br /> proceeds resutUng from damage to the Property prior to the acquisition shall pa�to Lender to the exterrt of the sums -� , • ,....�< �-
<br /> secured by this Securiry Instrument immedfaYely prior to the acquisition. � . .� - • ��:
<br /> 6.Occupancy,Preservation�Matntenartce ae�d Protection ot the Property;8orrower's B_oan Applicatiom, j'
<br /> Leaseftolda 9orrower shatl occupy,establish,and use the Property as Borrower's principal residertce within sbdy days ' � .� `
<br /> after the execudon of this Security Ins4ntment and shall continue to occupy the Property as Borrovrer's princfpal � � '- --
<br /> residence for ai least one year after the date of occupancy,unless Lender otherwise agrees in writing,which consem . -
<br /> shall not be unreasonably withheid,or unless extenuating circumstances exist whlch are beyoRd Borrower's contro�. , , . �. , ,.,:,;;i; ''---
<br /> . BoRawer shall noi destroy,damage or impair the Property,allow th8 Property to deteriorate,or commit waste on the �. �„�-
<br /> Properry.Borrower shall be fn default ff any fortefture action or proceeding,whether civ(I or cr(minal,is begun that in ' ..' �� -:'°'
<br /> Lender's goori faith judgment could result in forfeiture of the Property or oiherwise materiatiy fmpair the lien created by • , �. ;�
<br /> this Securiry InEtrument or Lenders securlty interest Borrower may cure such a defauit and refnstate,as provtded in � ;. r.;,�_,��.;�;
<br /> paragraph 18,by causing the actton or proceeding to be dismissed with a ruling that,in Lender's good faith . . ,�_� ,�;4,`
<br /> determinatian,predudes forfeiture of the Borrowers interest in the Property or other material impairmerrt of the lien � � � � ;�'
<br /> created by this Security Instrument or Lender's security interesK.BorroMrer shall also be in default if Borrous�er,dur(n g the � . .• - � � � �
<br /> loan application process,gave materiaily false or inaccurate Irtformation or statemeMS to Lender(or failed to provide • � '' ' -
<br /> � Lender with any material information)in connecUon with tfie loan evldenc�d by the Note,inciuding,but not Ifmited to, � �?.E� '�, � �-�
<br /> re�tresentations conceming BoROwer's occupancy of the Property as a principal residence.If this Securfty Instrument(s ��};� —
<br /> � on a leasehold,Borrower shail comply wfth all the provisfons of the tease. If BoROwer acguires fee title to the Property, � • ;;r ;� .;�..
<br />� the teasehald and 4he fee title shall not mer e unless Lender a rees to the mer er in writin . � . �•:=: �� _� ---
<br /> 9 9 9 9 ,.�:r,;�1 j.�..
<br /> � 7.Protection of Lender's Rlght�in the Property. If Borrower fails to per�orm the cnvenants artd agreements �
<br /> contained in this Security Instrument,or there ts a legal proceeding that may signfflcantiy affect Lendar's rfghts in the •���`�: .
<br /> Property(such as a proceeding in bankruptcy,proba4e,for condemnation or forfeiture or to e�orce laws or _. ,r � �� *_.
<br /> . regulattons),then Lender may do and pay for whatever is necessary to protect the value of the Property and Lende�s ����- �-
<br /> . rfghts tn tho Properry.Lender's actions may include paying any sums secured by a lien which has priority ovar this � � � . i;`•�
<br /> . �' Security Instrument,appearing in court,paying reasonabte attomeys'fees and entering on Yhe Property to mako �,__-'�=—°-
<br /> �� repairs.Although Lender may take action under thfs paragraph 7,Lender does not have to do so. � ,;:, .� ��' -�
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<br /> ; Any amounts disbursed by Lender under this paraqraph 7 shatl become addfiional debt of Borrower secured by � � -
<br /> this Security Instrument Unless Borrower and LendBr agree to other terms of payment,these amaunts shall bear
<br /> inierest from the date of disbursemeni at the Note rate artd shall be payable,with interest,upon notice irom Lender to �' �*`'��
<br /> . Borrower requesting payment.
<br /> S.Mortgage Insurance. If Lender required mortgag�Insurance as a conditlon of making the loan secured by this . _���;T���
<br /> Security Instrument,Borrower shall pay the premiums requlred to malntain the mortgage insurance in effect if,for any � �,,�-_. �
<br /> reason,ths mortgage Insurance coverage required by Lender lapses or ceases to be in effect,Borro�nrer shail pay the � . '' +"n: ' ''�,
<br /> ��� premiums required to obtatn coverage substa�tlafly aquhratent to the moRgage insurance previously in effect,at a cost .� . � �� -
<br /> substantially equivatern to the cost to Borrower of tha mor4gage Insurance prevlously in effect,irom an altemate • ` '
<br /> V martgage insurer approved by Lender.If substantiatly equivalern mortgage insurance coverage is not avaitable, � � �V
<br /> �, Borrower shali pay to Lender each month a sum equal to one-twetfth o}the yearly mortgage insurance premium being � � �'
<br /> �� paid by BoROwer wiien the insurance coverage lapsed or ceased to be in effect.Lender will accept,use and retain these � � � � ��`'• �-
<br /> payments as a loss reserve in lieu of mortgage insurance. Loss resenre payments may no longer be required,at the � �� .
<br /> option of Lender,ff moRgage Insuranco coverage(in the amaunt and tor the periods that Lender requires)provided by • � •�
<br /> an insurer approved by Lender agatn becomes available and is obtai�ed. Borrower shall pay the premiums required to � � �
<br /> maintain mortgage insurance in effect,or to provida a loss reserve,until the requ(rement for mortgage Insurance ends
<br /> . in accordance with any written agreement between Borrower and Lender or appUcable law. ;
<br /> 8. inapection. Lender or its agent may make reasonable entrles upon and inspections of the Property. Lender
<br /> ., shall give BoROwer notice at the time of or prtor to an inspection speciiying reasonable cause for the inspectlos�. , � � •r �
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<br /> NEBRASfU�SIH(iLE FAMILY-FN61A/FHLMC UNIFOAM INSTRUMEHT _f ° FORM 3028 9/90 � � *.,,,_
<br /> ISC/CMOTNE//0792/3028(9-90)-L PA(�aE 3�OF�a u� ' .
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