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<br /> LOAN#:14086776
<br /> Section 22 or otherwise, Borrower hereby assigns to Lender(a) Borrower's rights to any insurance
<br /> I 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 /> b orrower u ce o ic' 'n he Pro e 'nsofar as such ri hts are a ficable
<br /> y B ) nder all insuran p I ies coven g t p rty, i g pp
<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 or this Security Instrument,whether or not then due.
<br /> 6. Occupancy. Borrower shalt 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 the
<br /> Property as Borrower's principal residence for at least one year afterthe date of occupancy,unless Lender
<br /> othen�vise agrees in writing,which consent shall not be unreasonably withheid,or unless extenuating
<br /> circumstances exist which are beyond Borrower's control.
<br /> 7. Preservation, Matntenance and ProtectPon of the Property; Inspectiona. Borrower shali
<br /> not 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 from deteriorating or decreasing in value due to its condition. Unless it
<br /> is determined pursuant to Section 5 that repair or restoration is not economica�ly feasible, Borrower
<br /> shall promptiy repair the Property if 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 oniy if lender has released proceeds for
<br /> such purposes.Lender may disburse proceeds for the repairs and restoration in a single payment or
<br /> in a series of progress payments as the work is completed.If the insurance or condemnation proceeds
<br /> are not sufficient to repair or restore the Property,Borrower is not relieved of Borrower's obligation for
<br /> the completion of such repair or restoration.
<br /> Lender or its agent may make reasonabie entries 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 specifying such reasonable cause.
<br /> 8. Borrower'a LoanAppiication.Borrowershall be in defautt if,during the Loan appiication process,
<br /> Borrower or any persons or entities acting at the direction of Borrower or with Borrower's knowledge or
<br /> consent gave materially false,misleading,or inaccurate information or statements to Lender(or failed to
<br /> provide Lender with material information)in connection with the Loan.Material representations include,
<br /> but are not limited to,representations concerning Borrower's occupancy of the Property as Borrower's
<br /> principal residence.
<br /> 9. Protection of Lender's interest in the Property and Rights Under this Security Instrument.
<br /> If(a)Borrower fails to perform ihe covenants and agreements contained in this Security Instrument,
<br /> (b)there is a legal proceeding that might significantly affect Lender's interest in the Property andlor
<br /> rights 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 of the Property,and securing and/or
<br /> repairing the Property.Lender's actions can include,but are not limited to:(a)paying any sums secured
<br /> by a lien which has priority 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 under this Security Instrument,including
<br /> its secured position in a bankruptcy proceeding. Securing the Property inciudes,but is not limited to,
<br /> entering the Property to make repairs, change locks, replace or board up doors and windows, drain
<br /> water from pipes,eliminate building or other code violations or dangerous conditions,and have utilities
<br /> tumed on or off.Although Lender may take action under this Section 9,Lender does not have to do so
<br /> and is not under any duty or obligation to do so.It is agreed that Lender incurs no liability for not taking
<br /> any or all actions authorized under this Section 9.
<br /> Any amounts disbursed by Lender under this Section 9 shell become additional debt of Borrower
<br /> secured by this Security Instrument.These amounts shall bear interest at the Note rate from the date of
<br /> disbursement and shall be payable,with such interest,upon notice from Lender to Borrower requesting
<br /> payment.
<br /> If this Security Instrument is on a leasehold, Borrower shali comply with all the provisions of the
<br /> lease. Borrower shall not surrender the feasehold estate and interests herein conveyed or terminate
<br /> or cancel the ground lease.Borrower shall not,without the express written consent of Lender,aiter or
<br /> amend the ground lease. If Borrower acquires fee title to the Properry,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 /> tha Mortgage Insurance coverage required by Lender ceases to be availabis from the mortgage insurer
<br /> that previously provided such insurance and Borrower was required to make separately designated
<br /> payments toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required
<br />' to obtain coverage substantially equivalent to the Mortgage insurance previously in effect, at a cost �
<br /> substantially equivalent to the cost to Borrower of the Mo�tgage insurance previously in effe qr17 an , /� �
<br /> Initials: �w �Gt/ `�
<br /> NEBRASKA—Single Family—Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1I01
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<br /> Ellie Mae,inc. Page 6 Of 11 NEEDEED 7212
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<br /> 10J02f2014 10:19 AM PST
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