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201206055
<br /> V4 WBCD LOAN � 503542405
<br /> Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights to any insurance
<br /> proceeds in an amount not to exceed the amounts unpaid under the Note or this Security Instrument,
<br /> and(b) any other of Borrower's rights (other than the right to any refund of unearned premiums paid
<br /> by Borrower)under all insurance policies covering the Properry;insofar as such rights are applicable
<br /> to the coverage of the Property.Lender may use the insurance proceeds either to repair or restore the
<br /> Property orto pay amounts unpaid underthe Note orthis Security Instrument,whether or notthen due.
<br /> 6. Occupancy.Borrower shall occupy,establish,and use the Properly as Borrower's principal
<br /> residence within 60 days after the execution of this Security Instrument and shall continue to occupy
<br /> the Property as Borrower's principal residencefor at least one year after the date of oocupancy,unless
<br /> Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless
<br /> extenuating circumstances exist which are beyond Borrower's control.
<br /> 7. Preservation,Maintenance and Protection ofthe Properiy;Inspections.Borrowershall 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 Property in
<br /> order to prevent the Propertyfrom deteriorating or decreasing in value due to its condition.Unless it is
<br /> determ ined pursuant to Section 5 that repair or restoration is not economically feasible,Borrower shall
<br /> promptly repair the Property'rf damaged to avoid further deterioration or damage. If insurance or
<br /> condemnation proceeds are paid in connection with damageto,orthetaking of,the Property,Borrower
<br /> shall be responsible#or repairing orrestoring the Propertyonly if Lender has released proceedsforsuch
<br /> purposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in a
<br /> series of progress payments as thework is completed.Ifthe insurance or condemnation proceeds are
<br /> not sufficient to repair or restore the Property,Borrower is not relieved of Borrower's obligation for the
<br /> completion of such repair or restoration.
<br /> Lender or its agent may make reasonable eniries upon and inspections of the Property. If it has
<br /> reasonable cause,Lender may inspect the interior of the improvements on the Property.Lender shall give
<br /> Borrower notice at the time of or prior to such an interior inspection specifiying such reasonable cause.
<br /> 8. Borrower's Loan Application. Borrower shall be in default rf, during the Loan application
<br /> process, Borrower or any persons or entities acting at the direction of Borrower or with Borrower's
<br /> knowledge or consent gave materially false,misleading, or inaccurate information or statements to
<br /> Lender (or failed to provide Lender with material information) in connection with the Loan. Material
<br /> representations include,but are not limited to,representations concerning Borrower's occupancy of the
<br /> Property as Borrower's principal residence.
<br /> 9. Protection of Lender's Interest in the Property and Rights Underthis Security Instrument.
<br /> !f(a)Borrowerfails to perform the covenants and agreements contained in this Security Instrument,(b)
<br /> there is a legal proceeding that might significantly affect Lender's interest in the Property and/or rights
<br /> under this Security Instrument (such as a proceeding in bankruptcy, probate,for condemnation or
<br /> torFeiture,for enforcement of a lien which may attain priority over this Security Instrument or to enforce
<br /> laws or regulations),or(c) Borrower has abandoned the Property,then Lender may do and pay for
<br /> whatever is reasonable or appropriate to protect Lender's interest in the Property and rights under this
<br /> Security Instrument,including protecting and/orassessing the value ofthe Property,and securing and/
<br /> or repairing the Property. Lender's actions can include, but are not limited to: (a) paying any sums
<br /> secured by a lien which has priority overthis Security Instrument;(b)appearing in court;and(c)paying
<br /> reasonable attorneys'fees to protect its interest in the Property and/or rights under this Security
<br /> Instrument,including its secured position in a bankruptcy proceeding.Securing the Property includes,
<br /> but is notlimited to,entering the Propertyto make repairs,change locks,replace or board up doors and
<br /> windows,drain waterftom pipes,eliminate building or other code violations or dangerous conditions,
<br /> and have utilities tumed on or off.Although Lender may take action under this Section 9,Lender does
<br /> not have to do so and is not under any duty or obligation to do so.It is agreed that Lender incurs no
<br /> liability for not taking any or all actions authorized under this Section 9.
<br /> Any amounts disbursed by Lender under this 5ection 9 shall become additional debt of Borrower
<br /> secured by this Security Instrument.These amounts shall bear interest at the Note rate from the date
<br /> of disbursement and shall be payable, with such interest, upon notice from Lender ta Borrower
<br /> requesting payment.
<br /> If this Security Instrument is on a Ieasehold, Borrower shall comply with all the provisions of the
<br /> Iease.Borrower shall not surrenderthe leasehold estate and inferests herein conveyed orterminate or
<br /> cancel the ground lease. Borrower shall not,without the express written consent of Lender, alter or
<br /> amend the ground lease. If Borrower acquires fee title to the Property,the leasehold and the fee title
<br /> shall not merge unless Lender agrees to the merger in writing.
<br /> 10. Mortgage Insurance.If Lender required Mortgage Insurance as a condition of making the Loan,
<br /> Borrower shall pay the premiums required to maintain the Mortgage Insurance in effect.If,for any reason,
<br /> the Mortgage(nsurance coverage required by Lenderceases to be availableirom the m ortgage insurerthat
<br /> previously provided such insurance and Borrowerwas required to make separately designated payments
<br /> toward the premiumsfor Mortgage Insurance,Borrowershall paythe premiums required to obtain coverage
<br /> substantially equivalentto the Mortgage lnsurance previously in effect,at a cost substantially equivalent to
<br /> the cost to Borrower of the Mortgage Insurance previously in effect,irom an altemate mortgage�i1—s��
<br /> Initials: �� ,
<br /> NEBRASKA—Single Family—Fannia MaeJFreddie Mac UNIFORM INSTRUMENT Form30287/07
<br /> Online Documents,Ina Pa40 6 Of 11 NEEDEED 1108
<br /> 07-18-2012 16:28
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