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201204597
<br />If Borrower abandons tlie Properiy, Lender may file, negotiate and settle any available insurance claim and
<br />related matters. If Borrower does not respond wittun 30 days to a notice from Lender that the insur�uice carrier
<br />lias offered to settle a clai�n, then Lender may negotiate and settle the claiin The 30�ia,y period will begin wlien
<br />the notice is given In either ever�t, or if Lender acquires lhe Property under Section 22 or otherwise, Borrower
<br />hereb,y assigns to Lender (a) Borrower's righis to amy insura�e proceeds in an amouirt �t to e�ceed the amounts
<br />unpaid under the Note or flus Security Instrument, and (b) any otl�er of Borrower's rigltts (od�r than the rigirt to
<br />any reftuid of unearned premiums paid by Borrower) untler all insurance policies covering the Properiy, insofar as
<br />such rights are applicable to ihe coverage of die Property. Lender may use tlie inswa�e proc�eds eitl�r to repair or
<br />restore the Property or to pay amounts unpaid under the Note or tlus Security u�strui�rent, whetlier or not tt�n due.
<br />6. Occupancy. Borrower sl�all occupy, establish, and use the Property as Borrower's principal residence
<br />witlun 60 days after the execuUon of tlus Security Instnunent and shall continue to occupy tl� Property as
<br />Borrower's principal residence for at least one year after the date of occupancy, unless Lender othenvise agrees
<br />in writing, which consent shall not be unreasonably witlilield, or unless estenuating circumstances e�ist wluch
<br />are beyond Borrower's control.
<br />7. Preservation, Maintenance and Prntection of the Property; Inspections. Borrower sl�all not
<br />desuo,y, damage or impair the Propert,y, allow the Property to deteriorate or commit waste on die Property.
<br />Whether or not Borrower is residing in the Property, Borrower shall maintain the Properly in order to prevent
<br />the Pmperiy from deteriorating or decreasing in value due to its condition. Unless it is determined pursua.nt to
<br />Section 5 that repair or restoraUon is not economically feasible, Borrower shall promptly repair the Property
<br />if damaged to avoid furtlier deterioration or damage. If insurance or condemnation proceeds are paid in
<br />connection widi damage to, or the taking of, the Property, Borrower sl�all be responsible for repairing or
<br />restoring the Property only if Lender has released proceeds for such purposes. Lender may disburse proceeds
<br />for the repairs and restoration in a single payment or in a series of progress payments as the work is completed.
<br />If the insurance or condemnation proceeds are not sufficient to repair or restore the Properiy, Borrower is not
<br />relieved of Borrower's obligation for the completion of such repair or restoration.
<br />Lender or its agerrt may make reasonable entries upon and inspections of the Properly. If it has reasonable
<br />cause, Lender ma,y inspect the interior of tlte improvements on the Properiy. Lender shall give Borrower
<br />notice at the time of or prior to such an interior inspection specifying sucli reasonable cause.
<br />8. Borrower's Loan Application. Bonower shall be in default if, during the Loan applicaUon process,
<br />Borrower or am persons or entities acting at the direction of Borrower or with Borrower's knowledge or consent
<br />gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender
<br />with material infonnation) in connection with the Loan. Material represerrtations include, but are not limited to,
<br />representations concerning Borrower's occupancy of the Property as Borrower's principal residence.
<br />9. Protection of Lender's Interest in the Property and Rights Under tbis Security Instrument
<br />If (a) Borrower fails to perform the covenants and agreements contained in tlus Security Instrument, (b) there
<br />is a legal proceeding that might significanfly affect Lender's interest in the Properiy and/or rights under
<br />this Security Instruuient (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for
<br />enforcement of a lien which may attain priority over this Security Instrument or to enforce laws or regulations),
<br />or (c) Borrower has abandoned the Property, then Lender may do and pay for wl�atever is reasonable or
<br />appropriate to protect Lender's interest in the Property and rights under this Security Instrument, including
<br />protecting and/or assessing the value of the Property, and securing and/or repairing the Property. Lender's
<br />actions can include, but are not limited to: (a) paying any sums secured by a lien wluch has priority over tlus
<br />Security Instnunent; (b) appearing in court; and (c) paying reasonable attorneys' fees to protect its interest
<br />in the Property and/or rights under tlus Security Instrument, including its secured position in a bankruptc,y
<br />proceeding. Securing the Property includes, but is not limited to, entering the Property to make repairs, change
<br />locks, replace or board up doors and windows, drain water from pipes, eliminate building or other code
<br />violations or dangerous conditions, and l�ave utilities turned on or off. Althougli Lender may take action under
<br />dus Section 9, Lender does not have to do so and is not under any duty or obligalion to do so. It is agreed that
<br />Lender incurs no liability for not taking an,y or all actions authorized under dus Section 9.
<br />NCBRASIiA—Single Family—Fannie Mae/Freddle Mac LINIFORM INSTRUNIENT Form 30281/Ol
<br />NEBRASKA-MERS a►eatDocs�'
<br />ITEM 2698L7 (072811) (Page 7of 95)
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