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201207797
<br /> LOAN #: 0293)51326
<br /> Section 22 or othervvise, Borrower here6y assigns to Lender (a) Borrower's rights to zny insura�ce
<br /> proceeds in an amount not to excecd the pmounts unpaid under the Note or this Securiry Instmment,
<br /> and (b)any other of Borrower'e rights(other than the right to any rsfund of uneamed premiums paid
<br /> py Borrower)under aii insurance policies covering the Property,insofar as such rights are applicable
<br /> lo the coveraye of the Proparty.Lendor may use the Inaurance proceeds either to repair ar restore the
<br /> Properry or to pay amou nts unpaid under ihe Note or this Security Instrument,whether or not then due.
<br /> 6. Occupancy.Borrower shall occupy,establish,and use the PYoperty as Borrower's principal
<br /> residonce within 60 days after the execution oi this Securiry Instrument and shall continue to occupy
<br /> the Property as Borrower's principal residence for at least oneyear aiter the date of occupancy,unless
<br /> Lender otherwise agrees in writing, which consent shall not be unreasonably withheid, or unless
<br /> extenuating circumstances exist whlch are heyond Borrower's control.
<br /> 7. Preservotion,Maintenance and Prodectlon of the Property;Inspections.Bonowershall not
<br /> destroy, dainage or impair ihe Properly, allow the Property to deteriorate or commit waste on the
<br /> Property.Whether or not Borrower is residing in the Propeny,Borrower shall mntntain the Property in
<br /> order to prevent the Property from deteriorating or decrcasing in value due to its condition.Unless it is
<br /> Uetermined pursuant to Section 51hat repair or restoration is not economicalty feasible,Borrower shall
<br /> promptly repair the Property ii damaged to avoid further deterioration or damage. If insurance or
<br /> condemnation proceeds are paid in wnnectionwith damageto,orthe takinc�of,the Property,Borrower
<br /> shall be responsibie for repairing or res[oring the Property only rf l.ender has released proceeds Ypr such
<br /> purposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in a
<br /> series oi progress payments as the work is completed.If lhe insurance or condemnalion proceeds are
<br /> not suflicient to repair or restore the Property,6orrower is not relieved of Borrower's obligation for the
<br /> completion M wch repair or restoration.
<br /> Lender or its ayent may make reasonable entries upon and inspections ot the Properry. If it has
<br /> reasona0le cause,Lender may inspect the interior oithe improvements on the Propeity.Lender shpll give
<br /> Borzomrer notice at the time of or prior to such an interior inspection specifying such reasona6le cause.
<br /> 8. Borrower's Lonn Applicatlon. Borrower shell bs in default if, during the Loan application
<br /> process, Borrower or any persons or eniities acting at the direction of Horrower or with Bormwer's
<br /> knovrledge or consent�ave materialty false, misleading, or inaccurete information or statements to
<br /> Lender (or failed to provide lender with material infarmation) in connection with the Loan. Materiai
<br /> represontations include,F�ut are not limited to,representations cnncerning Borrower's occupancy of the
<br /> Property as Borrower's principai residence.
<br /> � 9. Protection of Londer's Inieres4 in the Props�rty and Rights UnderthEs SecuriTy instrument.
<br /> If(a)Borrowerfails to pertorm the covenants and ac�reements contained in this Security Instrument,(b}
<br /> there is�Iegal proceeding that might significantty 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 /> fortei[ure,for eniorcement of a lien which may ariain priority over this Security Instrumeni orto enforce
<br /> laws or regulations),or(c) Borrower has abandoned the Property,then Lender may do and pay for
<br /> whatever is reasona6le or appropriate to protect Lender's interest in the Pmperty and rights under this
<br /> Security Instrument,including protecling and/or assessing Ihe value of the Property,and securing and/
<br /> or repairing the Property. Lender's actions can inciude, but are not limited to: (a} paying any sums
<br /> secured 6ya lien which has priority overthis Security Instrument;(b)appearing in court,and(c)paying
<br /> reasona6le attorneys' fees to protect its interest in the Property and/or rights under this Security
<br /> Instrument,including its secured position in a 6ankruptcy prxeeding.Securing the Property includes,
<br /> but is not limited to,entering the Property to make repairs,change bcks,replace or board up doors and
<br /> windov.�s,drain water irom pipes,eliminate building or oiher code violations or dangerous conditlons,
<br /> and have utilities turned on or off.Although Lender may take ac[ion under this Section 9,Lender doea
<br /> not have to do so and is nat under any duty or obligation to do so.it is agreed that Lender incurs no
<br /> liability for not laking any or all actions authorized under ihis Section 9.
<br /> Any amounts dis6ursed by Lender under this Section 9 shail become additibnal debt of Bormn�er
<br /> secured by this Security Instrument,These amounts shall bear interest at the Note rate from the date
<br /> of disbursement znd shall be payable, vrith such intemst, upon nolice from Lender to Borrower
<br /> requesting payment.
<br /> It tFris Securdy Instmment is on a leasehold, Borrower shall comply with all the provisions of the
<br /> leasc.Borrower shail not surcenderthe leasehoid estate and interests herein conveyed or terminate or
<br /> cancel the groond lease. Borrower shall not,wiihoui the exprees written consent of Lender, alier or
<br /> �mend the ground lease.If 8orrower acquires fee tiGe to the Property,the leasehold and the fee title
<br /> shall not merge unless lender agrees to the merger in wriUng.
<br /> 10. Mortgage Insurance.If Lender required Morigage Insurance as a condition of making the Loan,
<br /> Borrower shali pay the premiums required to maintain ihe Mortgage Insurance in effect.If,forany reason,
<br /> ihe Mortgage Insurance coverage required by Lenderceases to be available 5�orn thc mor[gage insurer that
<br /> previously pravided such insurance and Borrowerwas required to make separetely designated payments
<br /> tovrerd the premiumsfor Mortgage Insurance,Borrower shail paythe premiums reGuired io obtain coverage
<br /> substantially equivalent to the Mortgage Insurance previously in effect,at a cosf substantially equivalent to
<br /> the cost to Borrower of the Mortgage insUrance previously in effect,from an altemate mort s g4,.ry
<br /> Znitials: � k(¢��}„+
<br /> NEBRASKN-Singla Family--Fannie MaelFroddio Mac UNIFOflM INSTRUMEM Fo�m 3026 Yf01 � + � `;E'"
<br /> Online�awments,Ina PeJe 6 of 11 NEEDF.ED 110B}
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