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' . � 201500327 proceeds for such purposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in . ` a series of progress payments as the work is completed. If the insurance or condemnation proceeds are not sufficient to repair or restore the Property, Borrower is not relieved of Bonower's obligation far the completion of such repair or restoration. Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender shall give Borrower notice at the time of or prior to such an interior inspecrion specifying such reasonable cause. 8. Borrower's Loan Appiication. Borrower sha11 be in default if, during the Loan application process, Borrower or any persons or entities acting at the direction of Borrower or with Borrower's lalowledge or consent�ave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material information) in connection with the Loan. Material representations include, but are not limited to, representations concerning Borrower's occupancy of the Property as Borrower's principal residence. 9. Protection of Lender's Interest in the Property and Rights Under this Security Instrament If(a) Borrower fails to perform the covenants and a�eements contained in this Security Instrument, (b)there is a le�al proceeding that might s�anificantly affect Lender's interest in the Property and/or rights under this Security Instrument (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for enforcement of a lien which may attain priority over this Security Instrument or to enforce laws or regulations), or(c}Borrower has abandoned the Property, then Lender may do and pay for whatever is reasonable or appropriate to protect Lender's interest in the � Property and rights under this Security Instrument, including protectin�and/or assessing the value of the Property, and securing and/or repairing the Property. Lender's actions can include, but are not limited to: (a)paying any sums secured by a lien which has priority over this Security Instrument; (b}appearing in court; and(c)paying reasonable attorneys' fees to protect its interest in the Property and/or rights under this Security Instrument, including its secured position in a banla�uptcy proceeding. Securing the Property includes, but is not limited to, entering the Property to make repairs, change locks, replace or board up doors and windows, drain water from pipes, eliminate building or other code violations or dangerous conditions, and have utilities turned on or off. Although Lender may fiake action under this Section 9,Lender does not have to do so and is not under any duty or obligation to do so. It is a�eed that Lender incurs no liability for not taking any or all actions authorized under this Section 9. Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower secured by this Security Instrument.� `Iliese amounts shail bear interest at the Note rate from ihe date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment. If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions af the lease. Borrower shall not surrender the leasehold estate and interests herein conveyed or terminate or cancel the g�round lease. Borrower shall not, without the express written consent of Lender, alter or amend the ground lease. If Borrower acquires fee title to the Property, the leasehold and the fee title shall not merge uniess Lender agrees to the mer�er in writing. 10. Assignment of Miscellaneous Proceeds;Forfeiture. All Miscellaneous Proceeds are hereby assigned to and shall be paid to Lender. If the Property is damaged,such Miscellaneous Proceeds shall be applied to restoration or repair of the Prop�rty, if the restoration or repair is economically feasible and Lender's security is not lessened. During such repair and restoration period, Lender shall have the right to hold such Miscellaneous Proceeds until Lender has had an opportunity to inspect such Property to ensure the work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may pay for the repairs and restoration in a single disbursement or in a series of pro�ess payments as the work is completed. Unless an agreement is made in writin�or Applicable Law requires interest to be paid on such Miscellaneous Proceeds, Lender sha11 not be required to pay Borrower any interest or earnings on such Miscellaneous Proceeds. If the restoration or repair is not economically feasible or Lender's security would be lessened,the Miscellaneous Proceeds sha11 be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Bonower. Such Miscellaneous Proceeds shall be applied in the order provided for in Section 2. NEBR4SKA—Singie Family—UNIFORM INSTRUMENT DocMagicQ� MODIFim FOR DEPARTMENT-0F VEfERANS AFFAIRS www.docmagic.com (REV. 1l01) Page 7 of 14