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<br />L.oan No: 60188302 Data ID: 523
<br />7. Presetvatlon, Meintenance and Protection oi the Property; Inspecdons. Borrower shall not
<br />destroy, damage or impair the Property, allow the Property to deteriorate or commit waste on the
<br />Property. Whether or not Borrower is residing in the Property, Borrower shall maintain the Ptoperty
<br />in order to �revent the Property from deteriorating or decreasing in value due to its condition. Unless
<br />it is determmed pursuant to Section 5 that repair or restoration is not economically feasible, Bonower
<br />shall promptly repair the Property if damaged to avoid further deterIoration or damage. If insurance
<br />or condemnauon praceeds aze paid in conn�tion with damage to, or the taking o� the Property,
<br />Borrower shatl be responsible for repairing or restoring the Property oNy if I.ender has released
<br />proceeds for such purposes. L.ender may disburse proceeds for the repairs and restoration in a single
<br />payment or in a series of progress payments as the work is completed. If the insuranoe or
<br />condemnation proceeds aze not suf8aent to repair or restore the Property, Bonower is not relieved
<br />of Bonower's obligation for the completion of such repaIr or restoradon
<br />Lender or Its agent may make reasonable eatrIes upon aad inspections of the Property. If it has
<br />reasonable cause, Lznder may inspect the interior of the improvements on the Pro�erty. Lender sball
<br />give Borrower notice at the time of or prior to such an intenor inspection specifywg such reasonable
<br />cause.
<br />8. Borrowe�'s Loan Applicaflon. Bortower shall be in defanit i� during the L.oan applicadon
<br />process, Borrower or any peisons or entities acting at tt►e direction of Borrower or with Bortower's
<br />Tmowledge or consent gave materially faLse, misleading, or inaccurate information or statements to
<br />Lender (or failed to provide Lender with materiat information) in connection with the Loan. Materiat
<br />representations include, but aze not limited to, representations concerning $orroweYs occupanry of the
<br />Property as Borrower's principal resldence.
<br />9. Protectlon of Lender's Interest in the Property and Rights Under this Security Instrument
<br />If (a) Borrower fails to perform the covenants and agreements contained in tfiis Securiry Instrument,
<br />(b) there is a legal proceeding that might signi6candy affect Lender's interest in the Property and/or
<br />rights under this Securiry Insuument (such as a proceeding ict banlQUptry, probate, for c�ndemnadon
<br />or forfeiture, for enforoement of a lien which may attain priority wer this Security Insuument or to
<br />enforce laws or regulations), or (c) Borrower has abandoned the Property, then I.ender may do and pay
<br />for whatever is reasonable or appropriate to protect Lender's interest in the Progerty and rightc under
<br />this SecurIry Instrument, including protecting and/or assessing the value of the Pro , and securing
<br />and/or repairing the Property. L.endePs actions can include, but are not limited to: a) paying any sums
<br />securred by a lien which has �rioriry over this Security Instrument; (b) appearing in coutt; and
<br />c) paying reasonable attomeys fees to protect its interest in the Properry and/or rights under this
<br />ty Instrument, including its secured posttion in a banlu�uptcy ,�roceeding. Securing the Propeny
<br />includes, but is not limited to, entering the Property to make repaus, change locks, replace or boazd
<br />up doors and windows, drain water from pipes, eliminate building or other oode violations or dangerous
<br />conditions, and have utilities mmed on or off. Although I.ender may take action under this Section 9,
<br />Lender does not have to do so and is not under any duty or obligation to do so. It is agreed that
<br />Lender incurs .no liability for not takIng any or all actions authorized under this Section 9.
<br />Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower
<br />secured by this Security InsttumenG These amouau shall bear interest at the Note rate from the date
<br />of disbucsement and shall be payable, with such interest, upon notice from L.ender to Borrower
<br />requesting payment
<br />If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the
<br />lease. If Bortower acquires f� tide to the Properry, the leasehold and the fee tifle, shall not merge
<br />unless Lender agrees to the merger in writing.
<br />L0. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of matting the
<br />Loan, Bonower shall pay the premiums req►ured to maintain the Mortgage Inswance in effect. If, for
<br />any reason, the Mortgage Insurance coverage required by L.ender oeases to be available from the
<br />mortgage insurer tt►at previously provided such insurance and Borrower was required to make separately
<br />designated payments toward the premiums for Mortgage Insurance, Borrower shall �ay the premiums
<br />required to obtain coverage substandally equivalent to the Mortgage Insurance previously in effect, at
<br />a cost substantially equivalent to the cost to Borrower of the Mongage Insurance previously in effect,
<br />from an alternate mortgage insurer selected by Lender. If substantiallyequivalent Mortgage Insurance
<br />coverage is not available, Borrower shall continue to pay to Lendet the amount of the separately
<br />designated payments that were due when the insurance coverage ceased to be in effect. Lender will
<br />accept, use and retain these payments as a non-refundable loss reserve in lleu of Mortgage Insurauce.
<br />Such loss reserve shall be non-refundable, notwithstanding the facCthat the I:aan is ultimately paid in
<br />[ull, and I.ender shall not be required to pay Borrower any interest or earnings on such loss reserve.
<br />Lender can no longer require loss reserve payments if Mongage Insurance coverage (in the amount and
<br />for tY►e perlod that Lender requires) providerl by an insurer selected by Lender again becomes avatlable,
<br />is obtained, and I.ender requires separately designated payments toward the premiums for Mortgage
<br />Insurance. If I.ender required Mort�age Insurance as a condition of malring the Loan and Borrower
<br />was required to make separately designated payments toward the premiums for Mortgage Insurance,
<br />Botrower shall pay the premiums required to maintain Mortgage Tnsurance in effect, or to provide a
<br />non-refundable loss resen+e, until L.ender's requirement for Mortgage Iasurance ends in accordanoe wIth
<br />any written agteement bstween Borrower and Lender �rovidtng for such termination or until
<br />terminadon is required by Applicable I.aw. Nothing in ttus Section 10 affects Borrower's obHgation
<br />to pay interest at the rate provided in the Note.
<br />NEBRASKA VA DEED OF TRUST w�m �oza tio� (Fage 6 0/ Ji Pegea)
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