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<br />assigns to Lender (a) Bonower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid
<br />under the Note or this Securiry Instrument, and (b) any other of Bonower' s rights (other than the right to any refitnd
<br />of unearned premiums paid by Borrower) under all insurance policies covering the Property, insofar as such rights
<br />are applicable to khe coverage of the Property. Lender may use the insurance proceeds either to repair or restore the
<br />Property or to pay amounts unpaid under the Note or this Secwity Instrument, whether or not then due,
<br />6. Ocwpancy. Bonower shall occupy, establish, and use the Properry as Bonower's principal residence
<br />within 60 days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower' s
<br />principal residence for at least ane y�r after the date of occupancy, unless Lender otherwise agrees in writing, which
<br />consent shall not be unreasonably withheld, or unless extenuating c'ucumstances exist which are beyond Bonower' a
<br />control.
<br />7. Preservatloo, Maintenance and Protecdon of t6e Properhy; Inapecdons. Bottower shall not destroy,
<br />damage or impair the Prop$rry, allow the Property to deteriorate or commit waste on the Property. Whether or not
<br />Bonower is residing in the Property, Bonower shall maintain the Property in order to prevent the Property from
<br />deteriorating or decreasing in value due to its condidon. Unless it is determined pwsuant to Section 5 that repair or
<br />restoration is not economically feasible, Bonower shall promptly repair the Property if damaged to avoid further
<br />deterioration or damage. If iasurance or condemnadon proceeds aze paid in connecdon with damage to, or the taking
<br />of, the Property, Borrower shall be responsible for repairing or restoring the Property only if Lender hes released
<br />proceeds for such purposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in
<br />a series of progress payment� as the work is wmpleted if the insurance or condemnadon proceeds are not sufficient
<br />to repair or restore the Property, Bonower is not relieved of Bonower' s obligadon for the completion of such repair
<br />or restoration.
<br />Lender or its agenc may make reasonable entries upon and inspections of the Property. If it has reasonable cause,
<br />Lender may inspect the interior of the improvements on the Property. Lender shall give Bonower nodce at the time
<br />of or prior to such an interior inspection specifying such r�sonable cause.
<br />8. Borrower's Loan ApplicaHon. Borrower skiall be in default if, during the Loan application process,
<br />Bonower ar any persons or entides acting at the direcdon of Borrower or with Bonower' s knowledge or consent gave
<br />materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with
<br />material informarion) in connection with the Loan. Material representations include, but are not lunited to,
<br />representarions concerning Borrower's occupancy of the Property as Bonower's principal residence.�
<br />9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument If (a)
<br />Borrower fails to perform the covenants and agreements contained in this Security Instnunent, (b) there is a legal
<br />proceeding that might significanfly affect Lender' s interest in the Property and/or rights under t}ris Security InsWment
<br />(such as a proceeding in banktuptcy, probate, for condemnation or forfeittue, for enforcement of a lien which tnay
<br />attain priority over this Securiry Instcvment or to enforce laws or regulations), or (c) Bonower hes abandoned the
<br />Property, then Lender may do and pay for whatever is reasonable or appropriate to protect Lender's interest in the
<br />, Property and rights under this Securiry Instrument, including protecting and/or assessing the value of the Propercy,
<br />and securing and/or repairing the Property. Lender' s actions can include, but are not limited W: (a) paying any sums
<br />secured by a lien which has priority over tlus Securiry Instrument; (b) appearing in court; and (c) paying reasonable
<br />attomeys' fees to protect its interest in the Property and/or rights under this Security Instcucnent, including its secured
<br />position in a bankruptcy proceeding. Securing the Properry includes, but is not limited to, entering the Properry to
<br />make repairs, change locks, replace or board up doors and windows, drain water &om pipes, eGminate building or
<br />other code violations or dangerous conditions, and have utilides turned on or off. Although Lender may take action
<br />under this Section 9, Lender dces not have to do so and is not under any duty or obligadon to do so. It is ageed ttiat
<br />Lender incurs no liability for not taking any or all acdons authorized under this Section 9.
<br />Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower secared by tltis
<br />Security InshumenG These amountc shall bear interest at the Note rate from the date of disbursement and shall be
<br />payable, with such interest, upon nodce from Lender to Borrower requesting paymenG
<br />If tlus Security Instrumant is on a leasehold, Bonower shall comply with all the provisions of the lease.
<br />Borrower shall not surrender the leasehold estate and interesis herein conveyed or terminate or cancel the ground lease.
<br />Borrower shall not, without the expre�v written consent of Lender, alter or amend the ground lease. If Borrower
<br />acquires fee title to the Property, the leasehold and the fee title shall not merge unless I,ender agrees to the merger
<br />in writing.
<br />10. Mortgage Insurence. If Lender required Mortgage Insurance as a condition of tnaking the Loan, Bonower
<br />shall pay the premiums required to maintain the Mortgage Insurance in effect. If, for any reason, the Mortgage
<br />Insurance coverage required by Lender ceases to be available from the mortgage insurer that previously provided such
<br />insurance and Bonower was required to make separately desigiated payments toward the premiums for Mortgage
<br />Insurance, Borrower shall pay the premiuma required to obtain coverage substantially equivalent to the Mortgage
<br />Insurance previously in effect, at a cost substandally equivalent to the cost to Borrower of the Mortgage Insurance
<br />previously in effect, from an altsmate mortgage insurer sel�ted by Lender. If substanNally equivalent Mortgage
<br />Insurance coverage is not available, Bonower shall continue to pay to Lender the amouttt of the separately designated
<br />payments that were due when the inaurance coverage ceased to be in effect. Lender will accepy use snd retain thesa
<br />payments as a non-refundable loss reserve in lieu of Mortgage Insurance. Suc6loss reserve shall be non-refundable,
<br />notwithstanding the fact that the Loan is ultimately paid in full, and Lender shall not be required to pay Borrower any
<br />interest or earnings on such loss reserve. Lender can no longer require loss reserve payments if Mortgage Insurance
<br />coverage (in the amouat and for the period that Lender requires) provided by an insurer selected by Lender again
<br />becomes available, is obtained, and Lender requires separately designated payments toward the premiums for
<br />Mortgage Insivance. If Lender required Mortga�e Insurance as a condition of making the Loan and Bonower was
<br />required to make separately designated paymenta toward the premiums for Mortgage Insurance, Borrower sha11 pay
<br />NEBfiASKA—Single Famlly—Fann(e Mae/Freddia Mec UNIFORM IN3TRUMENT �Bg►� �� .
<br />Form 3028 1101 Page 6 of 11 www.docmagic.mm o
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