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201502651
<br /> LOAN#: 1503EM098059
<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 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 /> 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 or this Security Instrument,whether or not then due.
<br /> 6. Occupancy. Borrower shall occupy, establish, and use the Properiy 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 residencefor at least one year after the date of occupancy,unless Lender
<br /> otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating
<br /> circumstances exist which are beyond Borrower's control.
<br /> 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall
<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 economically feasible, Borrower
<br /> shall promptly repair the Propefty 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 only 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 reasonable 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's LoanApplication.Borrowershall be in default if,during the Loan application 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 Underthis Security Instrument.
<br /> If(a) Borrower fails to perform the 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 ofthe 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 underthis Security Instrument,including
<br /> its secured position in a bankruptcy proceeding. Securing the Property includes, 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 /> turned 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 shall 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 shall comply with all the provisions of the
<br /> lease. Borrower shall not surrender the leasehold estate and interests herein conveyed or terminate
<br /> or 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 Lender ceases to be available 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 Mortgage Insurance previously in ct, from
<br /> Initials: �
<br /> NEBRASKA--Single Family--Fannie MaelFreddie Mac UNIFORM INSTRUMENT Form 30281101
<br /> Ellie Mae,inc. Page 6 of 12 N ED 0315
<br /> NEEDEED
<br /> 04/17/2015 10:21 AM PST
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