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<br /> consent shall not be unreasonably withheld, or unless exte►luating circumstances exist which are beyond Borrower's
<br /> control.
<br /> 7. Preservation, Maintenance and Protection of the Property; Inspections. Borro�ver shall not destroy,
<br /> damage or impair the Property, allow the Property to deteriorate or commit waste on the Property. Whether or not
<br /> Borrower is residing in the Property, Borrower shall maintain the Property in order to prevent the Property from
<br /> deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that repair or
<br /> ►•estoration is not economically feasible, Borrowel• shal] promptly repair the Pi•operty if damaged to avoid further
<br /> deterioration or damage. If insurance or condemnation proceeds are paid in connection with damage to, or the taking
<br /> of, the Property, Borrower shall be responsible for repairing or restoring the Property only if Lender has released
<br /> proceeds for such purposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in
<br /> a series of progress payments as the work is completed. ]f the insurance or condemnation proceeds are not sufficient
<br /> to repair or restore the Property, Borrower is not relieved of Borrower's obligation for the completion of such repair
<br /> or restoration.
<br /> Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause,
<br /> Lender may inspect the interior of the improvements on the Property. I,ender shall give Borrower notice at the time
<br /> of or priorto such an interiorinspection specifying such reasonable cause.
<br /> 8. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process,
<br /> Borrower or any persons or entities acting at the direction of Borrower or with Borrow�er's knowledge or consent gave
<br /> materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with
<br /> material information) in connection with the Loan. Material representations include, but are not limited to,
<br /> t-epresentations concerning Borro�ver's occupancy of the Property as Borrower's principal residence.
<br /> 9. Protection of Lender's interest in the Property and Rights Under this Security Instrument. If(a)
<br /> Borrower fails to perform the covenants and agreements contained in this Security instrument, (b) there is a legal
<br /> proceeding that might significantly affect Lender's interest in the Property and/or rights under this Security Instrument
<br /> (such as a proceeding in ba►lkruptcy, probate, for condemnation or forfeitu►�e, for enforcement of a lien which may
<br /> attain priority over this Security Instrument or to enforce laws or regulations), or (c) Borrower has abandoned the
<br /> Property, then t.,ender may do and pay for whatever is reasonable oi• appropriate to protect I.,ender's interest in the
<br /> Property and rights under this Security Instrument, including protecting and/or assessing the value of the Property,
<br /> and securing and/or repairing the Property. l..ender's actions can include, but are not limited to: (a)paying any sums
<br /> secured by a lien which has pi-iority over this Security Instrument; (b)appearing in court; and(c)paying reasonable
<br /> attorneys' fees to protect its interest in the Property and/or rights undei•this Security Instrument, including its secured
<br /> position in a bankruptcy proceeding. Securing the Property includes, but is not limited to, entering the Property to
<br /> make repairs, change locks, replace or board up doors and��-indo���s, drain water from pipes, eliminate building or
<br /> other code violations or dangerous conditions, and have utilities turned on or off. Although Lender may take action
<br /> under this Section 9, Lender does not have to do so and is not under any duty or obligation to do so. it is agreed that
<br /> Lender incurs no liability for not taking any or all actions authorized under this Section 9.
<br /> Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower secw•ed by this
<br /> Security Instrwnent. T'hese amounts shall bear interest at the Note rate from the date of disbursement and shall be
<br /> payable, with such interest, upon notice from Lender to Borrower requesting payment.
<br /> If this Security Instrwnent is on a Ieasehold, Borro«�er shall comply with all the provisions of the lease.
<br /> Borro���er shall not surrender the leasehold estate and interests herein conveyed or terminate or cancel the ground lease.
<br /> Borrower shall not, wi2hout the express written consent of Lender, alter or amend the ground lease. If Borrower
<br /> acquires fee title to the Property, the leasehold and the fee title shall not ►nerge unless Lender agrees to the merger
<br /> in writing.
<br /> 10. Mortgage Insurance. If Lender required Mortgage lnsurance as a condition ofmaking the Loan,Borrower
<br /> shall pay the premiums required to maintain the Mortgage Insurance in effect. If, for any reason, the Mortgage
<br /> Insurance coverage required by Lender ceases to be available fi•om the mortgage insurer that previous]y provided such
<br /> insurance and Borrower was required to make separately designated payments toward the premiums for Mortgage
<br /> lnsurance, Borrower shall pay the premiums required to obtain coverage substantially equivalent to the Mortgage
<br /> NEBR,4SKA--Single Family--Fannie MaelFreddie Mac UNIFORM INSTRUMENT - MERS DocMaglcQ�,�1'7,�i.�
<br /> Form 3028 1/01 Page 7 of 15 www.docmagic.com
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