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<br /> .l �vhich shall not be unreasonably withheld. If Borrower fails to maintain coverage desaibed ahove, Lender may.at Lender's ; �..
<br /> option,obtain coverage to protect Lender's righu in rhe Property in accordance with paragraph 7.
<br /> � AU inswance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause. Lender shall ,
<br /> , i have the right to hotd the poliaes and rrnewaLs. If Lender requires. Borrower shall promptly give to Lender all receipts of
<br /> . � paid premiums and rertewal nouces. [n the event of loss. Bottower shall give prompt notice to the insurance carrier and
<br />" i Lender.Lender may make proof of loss if not made promptly by Borrower. _ _ _
<br /> � (;nless Lender and Borrower othercvise agree in writing.insurance proceeds shall be applied to restaration or repair of the ,
<br /> � Property damaged,if the restoration or repair is economically feasible and Lender"s security is not lessened. If the restoration
<br /> � or repair is not economically feasible or Lender's secusity would be lessened,t1►e insurance proceeds shall be applied to the ; ,
<br /> sums secured by this Security Instrument,whett►er or not then due,with any exce�Paid to Borrower. If Borrower abandons i .
<br /> �--.s. �:e�,y.a�,�r•oarrier has offered to seWe a claim. - ----- -
<br /> the Property.or does not answer within�U days a nouce from i..a,-,..�. ...at• :. .-._-_. - -- -- -
<br /> then Lendet may collect the insurance proceeds. Lender may use the proceeds to repair or restore the Properiy or to pay `
<br /> sums secwed by this Security Instrumcnt,wt►ether or not then due.The 30-day period will begin when the aotice is given• s . ;i
<br /> C;nless Lender azid Borrower otherwise agreP in writing,as►Y applicauon of proceeds to pcincipal shall not exteud or postpone �T:�,:��-'
<br /> the due date of the monthly paymeats referred to in Parag�'aP� 1 and 2 or change the amoun:of the payments. If under f . .
<br /> paragraph 21 the Property is acquired by Lender. Borrower's right to any insurance po6aes and proceeds resultin8 from .".,�
<br /> damage to the Property priot to the acquisition shall pass to Lertder to the extent of the sums seaued by this SecuritY ' , - ,
<br /> Insu'ument isnmediateiy prior w the acquisitiom . • . ;, =
<br /> � � � 6. Occ�upancy. Pr�servatton, IVlamteaance and Prote�tion of the Pra�ty; Borrowe�'s Loan App�ication; . ,.. ' _
<br /> 1 L e�.i e h h n�d s.H o a o w e r s h a t l o c c u p y.e s t a b l i s h,and use the Pm p e r ty as Borrower's principal residence within sixty days after : •�,,�:
<br /> e �.y -
<br /> i [he executioa of this Security Instrument and shaQ continue to occupy tt►e Property as Borrowrr's priucipal resdence for a t .; X _. �
<br /> : .I least one year after the date of occupancy.unless Lender otherwise agrees in writing.which consent shaU not be unreasonably , .. . . _,�:, ._-
<br /> � w i t h held,or unless exteauatin g cu'cutnstances exist whic6 are beyond Borcower's control.Borrower shall not destroy,damage � '�—
<br /> • _a�t
<br /> •; ot impair the Property,alloa the Property w deteriorate,or comnnit waste on the P roperty.B onower s h a ll b e i n d e f a u l t i f a n y , -�1�;��
<br /> - �.� forfeiture action or proceeding. whether dvil or criminal. is begun that in Lender's good faith judgment could result in �
<br /> i forfeiture of the Property or otherwise materiaUy impair the lien created bY this Security [nstrumenc or Lender's security . ;.•� �s �
<br /> interes�Borrower may cure such a default and reinstate.as provided in paragraph 18.by causing the action or proceeding to
<br /> ; . . ' � �:a .
<br /> ; be dismissed with a ruling tha� u► �endet's good faith determination, preciudes forfeidue of the Borrower's interest in!he ,.i i ,
<br /> properly or other material impairment of the Gen created by this Security Instrument or Lender's security interest Borrower , :' +,:
<br /> ' shall also be in default if Borrower,during the loan application ptocess,�ave materially false ot inaccurate information or � .�p,�.;�� ::
<br /> statemenu to Lender(or failed to provide Lender arith any material information)in conuectian with the loan evidenced by the ,_ �:•��... _
<br /> rr
<br />� Vote,wlcluding.but aot limited to,represeatations concerning Borrower's occupancy of the Ptoperry as a principal residence. : ��' <�
<br /> If this Security Instrument is on a leasehold.Borrower shall wmply with all the provisions of the lease. if Borrower acquires �. - t.���
<br /> fee title W the Properry,the leasehold and the fee title shall not metge unless Lender agees w the merger is►writin8• �,. '
<br /> • , 7.PsoteCtlon of I.endeYs R�ghts io the Property.If Horrower faiLs to perform the covenants and agreemenu contained in . --- - �` '�,r'
<br /> this Security Insttument,or there is a legal ptoceeding that may significandy affect Lender's rights in the Properry(such as a ��� �.:��
<br /> proceeding in bankruptcy,probate,for condemnation or forfeiture or to enforce laws or regulations),then Lender may do and . �;Tr
<br /> pay for whatever is necessary to protect the value of the Property and Lender's rights in the Property. Lender's actions may .�,t,:.`;i_..�±'
<br /> • •• include paying any sums secured by a lien afiich has priority over this Security Instrument, appeating in court,paying �
<br /> • � reasonable attorneys' fees and entering un the Property to make repairs. Although Lender may take action under this �.�° :
<br /> _... pazagaph 7.Lender does not have to do so. ���'
<br /> ar;..�.:. .;-
<br /> ... Any amounts dlsbuned by Lender under this paragraph 7 shall become additional debt of Borrower seeured by Uris Security � „�+ �
<br /> • Instrumen�Unless Bonower and Lendec agree to othec terms of paymen�t�►ese amounts shall bear interest from the date of -;:�'_�__
<br /> • disbursement at the Note rau and shall be payable.with interesb upon nodce from Lender to Borroaer requesting paymen� �
<br /> ,f l-�?�Iw�--
<br /> ' 8.vlortgage Insur�ace. !f Lender required mortgage insurance ag a condition of making the loan secured by this Security ;�' �_
<br /> "" Instrument,Borrower shall pay the pretniums required to maintain the mortgage insurance in effect. If,for any reason,the • =�rrr�k:..'�
<br /> �""
<br /> mortgage insurance coverage required by Lender lapses or ceases to be in efTect,Borrower shall pay the prers►iums required to w
<br /> vbtain coverage substantially equivalent to the mortgage insurance previously in effect,ac a cost substantially equivalent to the
<br /> cost to Borrower of the mortgage insurance prevlously in effect,from an alternate mortgage insurer approved by Lendcr. if . _ ,,,
<br /> substantially equivalent mortgage insurance coverage is not available. Borrower shall pay to Lender each month a sum equal • •
<br /> to one-twelfth of the yearly mongage insurance premium being paid by Borrovrer when the insurance coverage lapsed or =
<br /> ceased to be in effect Lender wiil accept,use and retain these payments as a loss reserve u,iicu:,f nortgage insurance. !�a4 =_____�.___.__, _
<br /> . reserve payments may no longer be required,at the option of Lender.if mortgage insurance coverage fin the amount and for •
<br /> � the period that Lender requires) provided by an insurer approved by Lender again becomes available and is obtained.
<br /> Borrower shall pay the premiums required to maintain mortgage insurance in effect,or to provide a loss reserve,until the _
<br /> requirement for mortgage insurance ends in accordance with any written agteement between Borrower and Lender or .
<br /> applicable law. � -
<br />' . ' 91n�e famify-FHNINFHLMC UNIiORM IH9TRUMENT FOHM 3048 09lBO(Page 3 of 6 Pages) . �
<br /> EC899� Rev 09/09/9�
<br /> NEBRASKA �
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