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2012Q���1
<br />LOAN �: 0038347852
<br />Section 22 or othenroise, Borrower hereby assigns to Lender (a) BoROwer's rights to any insurance
<br />proceeds in an amaunt notto exc�ed 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 uneamed premiums paid
<br />by Borrower) under all insurance policies covering the Properky, insofar as such rights are a�oplicable
<br />to the coverage of the Properly. Lender may use the insurance proceeds either to repair or restare the
<br />Property or to pay amounts unpaid under the Note or this Security Instrument, whether or not then due.
<br />8. Occupancy. Borrower shall occupy, establish, and use the Property as BoROwer's principal
<br />residence within 60 days after the execu�on of this Security Instrument and shall contfiue to occupy
<br />the Property as Borrower's principal residencefor at least one year after the dats of occupancy, unless
<br />Lender otharwise agree.s in wri�ng, which cansent shall not be unreasonab{y writhhetd, or unless
<br />extenuating circumstances e�astuvhich are beyond Borrower's control.
<br />7. Preaervatlon, Melr�tenance end Protectlon of the Property; Inspection�. Barrawer shall not
<br />destroy, damage or impair the Property, allow the Properiy to deteriorate or cammit waste on the
<br />Property. \Nhether or not Borrower is resid'm� in the Property, Borrower shall maintain the Property in
<br />order to prevent the Property from deterlorating or decreasing in value due to its conditifln. Unless it is
<br />determined pursuant to Sec6an 5 that repair or restoration is not economically feasible, Borrower shall
<br />pramptly repair the Property if damaged to avoid further deterioration or damage. If insurance or
<br />condemnatlon proceeds are paid in connection with damage to, orthe taking of, the Property, Borrower
<br />shall be re�ponsiblefor repai�ing or restoring the Property only if Lender has released proce�ds for such
<br />purposes. Lender may disburse proceeds for the repafirs and restoration in a single payment or in a
<br />series of progress payments as the work is completed. if the insurance or condemnaUon proceeds are
<br />not suff(clent to repair or r�tore the Property, Borrower is not relieved of 8arrower's obligation for the
<br />completion of such repair or restoraiion.
<br />Lender or its agerrt may make reasonable entries upon and inspecUons of the Property. If it has
<br />reasonable cause, Lender may Inspecithe intedor of the improvements on t�e Properiy. Lender shall give
<br />8orrower notice at the time of or p�iar to such, an interior inspection specifying such reasonable oause.
<br />8. Borrower's Loen Appllcatlon. Borrowrer shall be in default if, during the Loan application
<br />process, Borrower or any persons or entltities acting at the direction of Borrower or with Borrower's
<br />knowledge or consent gave materially false, misleading, or inaccurate irrforma#ion or statements to
<br />Lender (or failed to provide Lender writh material informa�on) in connectlon uvith the Laan. Material
<br />representations include, but are not limited to, representations concerning Borrower's ocxupancy ofthe
<br />Property as Borrower's principal residence.
<br />9. Protection of Lender's Irrterest In the Property �nd Rlghta Underthl� Security InstrumeM.
<br />If (a) Borrower fails to perform the covenants and agreements contained in this Security Instrument, (b)
<br />there is a legal proceeding that migh# signfficanUy affect Lender's Interest In the Property and/or rights
<br />under this Security Instrument (such as a proceeding in bankruptcy, probate, fur condemnatlon or
<br />forfeiture, for enforcement of a lien which may attain priority over this Security Instrument or to er�force
<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 righis under this
<br />Security Instrument, including protecting and/or assessing the valueofthe Properly, and securi�g 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 over this Security Instrument; (b} appearing in court; and (c) paying
<br />reasonable attorneys' fess to protect its interest in the Property and/or rights under this Securfty
<br />Instrument, including its secured positlon in a bankruptcy prxeeding. Securing the Property includes,
<br />but is not limited ta, entering the F'roperty to make repairs, change locks, replace or board up doors and
<br />windows, drain wrater from 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 ar obliga�on to do so. It is agreed that Lender incurs no
<br />liability for not taking any or all actions aut�horized under this Section 9.
<br />Any amounts dtsbursed by Lender under this Sectian 8 shall become add�ional debt of Borrrnroer
<br />secured by this Securiiy Instrument. These amounts shall bear interest at the Note rate from the date
<br />of disbursement and shall be payable, wtth such interest, upon notice from Lender to Borrower
<br />requesting payment.
<br />If this Security lnstrument is en a leasehold, Borrflvver shalt comply wlth all the provisions of the
<br />lease. Barrower shall not surrender the leasehold estate and interests herein conveyed or terminate or
<br />cance! the ground lease. Bo�rower shall not, without the express writtten consent of Lender, alter or
<br />amend the ground lease. If Borrower acquires fee title to the Property, the leasehold and the fee titie
<br />shafl not merge unless I..ender agrees to the merger in writing.
<br />10. Mortgage Insurence. If Lender required Mortgage Insurance as a condition of making the Loan,
<br />Borrower shall pay ti�e premiums reyuired to maintain the Mottgage Insurance in effect If, for any reason,
<br />the Mortgage Insurance coverage required by Lender ceases to be availableirom the mortgage 3nsurerthat
<br />previously provided such insurance and Borrower was required to make separately designated payments
<br />toward the premiumsfor Mortgagelnsurance, Borrowershall paythe premiums requ'vedto abtain coverage
<br />substarrtiaAy equ'n�alent to the Mortgage Insurance previously in effect, at a cost substantiafly aquivalent to
<br />the cast to Borrower of the Mortgage insurance previously in effect, fram an altemate mort
<br />initials:
<br />WEBRASKA--Single Famtly-Fennte Mee/Fredme Mac UMFORM INSTFiUMEN1' Form 30281/01
<br />Onfine Documente, Inc. Page 6 of ll NEEDEED 1108
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