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�o��oo��a <br />for the repairs and restoration in a single payment or in a series of progress payments as the work is <br />completed. If the insurance or condemnation proceeds are not sufficient to repair or restore the Property, <br />Borrower is not relieved of Borrower's obligation for the completion of such repair or restoration. <br />Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable <br />cause, Lender may inspect the interior of the improvements on the Properly. Lender shall give Borrower <br />notice at the time of or prior to such an interior inspection specifying such reasonable cause. <br />8. Borrower's Loan Application shall be in default if, during the Loan application process, <br />Borrower or any persons or entities acting at the direction of Borrower or with Bonower's knowledge or <br />consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to <br />provide Lender with material information) in connection with the Loan_ Material representations include, but <br />are not limited to, representations concerning Borrower's occupancy of the Property as Bortower's principal <br />residence. <br />9. ProtectionofLender'slnterestinthePropertyandRightsUnderthisSecuritylnstrument.If(a) <br />Borrower fails to perform the covenants and agreements contained in this Security Instrument, (b) there is a <br />legal proceeding that might significantly affect Lender's interest in the Property and/or rights under tius <br />Security Instrument (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for <br />enforcement of a lien which may attain priority over this Security Instnunent or to enforce laws or <br />regulations), or (c) Bortower has abandoned the Properly, then Lender may do and pay for whatever is <br />reasonable or appropriate to protect Lender's interest in the Property and rights under this Security <br />Instnnnent, including protecting and/or assessing the value of the Property, and secuting and/or repairing <br />the Property. Lender's actions can include, but are not limited to: (a) paying any sums secured by a lien <br />which has priority over this Security Instrument; (b) appearing in court; and (c) paying reasonable attomeys' <br />fees to protect its interest in the Property and/or rights under this Security Instrument, including its secured <br />position in a bankruptcy proceeding. Securing the Property includes, but is not limited to, entering the <br />Property to make repairs, change locks, replace or board up doors and windows, drain water from pipes, <br />eliminate building or other code violations or dangerous conditions, and have utilities turned on or off. <br />Although Lender may take action under this Section 9, Lender does not have to do so and is not under any <br />duty or obligation to do so_ It is agreed that Lender incurs no liability for not taking any or all actions <br />authorized under this Section 9. <br />Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower secured by <br />this Security Instnunent. These amounts shall bear interest at the Note rate from the date of disbursement <br />and shall be payable, with such interest, upon notice from Lender to Bortower requesting payment. <br />If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease_ If <br />Borrower acquires fee title to the Property, the leasehold and the fee title shall not merge unless Lender <br />agrees to the merger in writing_ <br />10 Mortgage Insurance Lender required Mortgage Insurance as a condition of making the Loan, B�rrower <br />shall pay the premiums required to maintain the Mortgage Insurdnce in effect. If, for any reason, the <br />Mortgage Inswance coverage required by Lender ceases to be available from the mortgage insurer that <br />previously provided such insurance and Bonower was required to make separately designated payments <br />toward the premiwns for Mortgage Insurance, Bonower shall pay the premiuws required to obtain coverage <br />substantially equivalent to the Mortgage Insurance previously in effect, at a cost substantially equivalent to <br />the cost to Borrower of the Mortgage Insurance previously in effect, from an alternate mortgage insurer <br />selected by Lender_ If substantially equivalent Mortgage Insurance coverage is not available, Borrower shall <br />NEBRASKASingle Family-Fannie MaelFraddie Mac UNIFORM INSIRUMENT Form 30261/01 <br />VMP 0 VMP6(NE) (1105).00 <br />Wolters Kluwer Financial Services Page 8 of 17 <br />� <br />• — <br />� \ � <br />\ <br />