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<br />LOAN �a 1208R3B00321755
<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 amount� unpaid under the Note or this Security Instrument,
<br />and (b) any other of Borrower's rights (other thaC� the right to any refund of unearned premiums paid
<br />by Borrower) under all insurance policies covering the Property, 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 or to pay amounts unpaid under the Note orthis Security Instrument, whether or notthen due.
<br />6. Occupancy. Borrower shall occupy, establish, and use the Property 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 residence for at least one year after the date of occupancy, unless
<br />Lender othervvise agrees in writing, which consent shall not be unreasonably withheld, or unless
<br />extenuating circumstances e�ust which are beyond Borrower's control.
<br />7. Preservatlon, Malntenance and Protectlon of the Property; Inspecttons. 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 Property in
<br />order to prevent the Property irom deteriorating or decreasing in value due to its condition. Unless it is
<br />determined 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 damage to, or the taking of, the Property, Borrower
<br />shall be responsible for repairing or restoring the Property only'rf Lender has released proceeds for such
<br />purposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in a
<br />series of progress payments as the work is completed. If the 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 entries upon and inspections of the Property. If it has
<br />reasonable cause, Lender may inspect the interior o�the improvements on the Property. Lender shall give
<br />Borrower notice at the time of or prior to such an inspection specifying 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 Bo�rower'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 ofthe
<br />Property as Borrower's principal residence.
<br />9. Protectlon of Lender's Interest In the Property and Rlghts Underthls Security Instrument
<br />If (a) Borrowerfails to perform the covenants and agreements contained in this Security Instrument, (b)
<br />there is a legal proceeding that might signficantiy 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 />forfeiture, 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/or assessing 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 over this Security Instrument; (b) appearing in court; and (c) paying
<br />reasonable attomeys' fees to protect its interest in the Property and/or rights under this Securit�r
<br />Instrument, including its secured position in a bankruptcy proceeding. Securing the Property includes,
<br />but is not limited to, entering the Property to make repairs, change locks, replace or board up doors and
<br />windows, drain water from pipes, eliminate building or other code violations or dangerous conditions,
<br />and have util'�ies turned 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 authoriz��d��nder this Section 9.
<br />Any amounts disbursed by Lender under tfii§ Section 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 to Borrower
<br />requesting payment.
<br />If this Security Instrument is on a leasehold, BoROwer shall comply with all the provisions of the
<br />lease. Borrower shall not surrender the leasehold estate and interests herein conveyed or terminate 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 Insurance coverage required by Lenderceases to be availablefrom the mortgage insurerthat
<br />previously provided such insurance and BoROwerwas required to make separately designated payments
<br />toward the premiumsfor Mortgage Insurance, Borrowershall paythe premiums required to obtain coverage
<br />substantially equivalent to the Mortgage Insurance previously in effect, at a cost substantially equivalent to
<br />the cost to BoROwer of the Mortgage Insurance previously in effect, irom an altemate mortga _ i urer
<br />Initials: �
<br />NEBRASKA-Single Famity-Fannie Mae/Freddle Mac UNIFORM INSTRUMEMT Form 30281/01
<br />Onflne Documents Inc. Pege 6 Of 11 NEEDEED 1108
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