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2� 1 ��57 and restoration in a singie payment vr in a series af progress payments as the work is comple#ed. If the insurance or condemnation praceeds are no# sufficient to repair or restore the Property, Borrower is nnt relie��d�f Barrnw�r's obligation fvr the campletion of such repair or restoration. If condemnation proceeds are paid in connectian with th� taking of the property, Lender sha11 apply such proceeds to the reduction of the indebtedness under the Nate and this Security Instrument, first ta any deiinquent amounts, and then to payment of principal. Any app�icatian of the proceeds �o the prYncipal shall nvt extend or pastpone�he due date of the monthly payments or �hange the amaunt af such payments. Lender ar its agent may make reasonahle entries upon and inspections af the Praperty. If it has reasonable cause, Lender may inspect the interiar of the i_mpro�ements on the Property. Lender shall gi�e Barrovver na��ce at the time of or prior to such an interior inspection spe�ifying such reasonable cause. 8. Borrower's Loan Application. Bvrrower sha�l be in defauit if, during the Laan appl�cation process, Borrawer or any persons or entities acting at the dire�#ion of Borrower ar with Borrower's knvwledge or consent ga�e material�y fa�se, misleading, ar inaccurate infarmation or statements to Lender �ar failed to pra�ide Lender with material infvrmation) in cnnnectivn with the Laan. Material representations include, but are not limited to, representatians concerning Borrower's occupancy of the Property as Borr�wer's principal residence. 9. Protectian af L�nder{s Interest �n the Property and Rights Under this Se�urity Instrument, I f�a� Borrower fails to perfarm the co�enants and agreements contained in this Security Instrument, �b}there is a legal proceeding that might significantly affect Lender's int�rest in the Property andlar rights under this Security�nstrumen# �such as a proceeding in bankruptcy, probate, for condemnation or farfeiture, for enfarcement of a�ien which may attain priority o�er this Security Instrument or to enforce laws or regulations�, or �c} Borrovver has abandaned the Property, then Lender may da and pay for whate�er is reasonable ar appropriate t�prot�ct Lender's �nterest in the Property and rights under this 5ecurity Instrument, including protecting andlor assessing the�alue af the Property, and securing andlar repa�ring the Pruperty. Lender's ac�ions can include, but are not Iimited ta: [a�paying any sums secured by a lien which has priority o�er this Security Instrument; �b}appearing in court; and�c}paying r�asonable attorneys' fees to protect its interes#�n the Property andlor rights under this Security Instrument, includ�ng its secured position in a hankrupt�y proceeding. 5�curing the Property includes, but is nat limited to, entering the Property to make repairs, change lo�ks, replace or board up doors and windows, drain water frvm pipes, eli_minate�uildin�or other code�iolations or dangerous conditions, and ha�e utilities turned on or off. Although Lender may take action under this Sectian 9, Lender does not have to do so and is not under any duty or abligation to da so. It is agr�ed that Lender incurs na liability fvr nat tak�ng any or al1 actions authorized under this Section 9. Any amounts disbursed by Lender under�his Sectivn�sha�l become additiona�debt of Barrawer secured hy this 5ecurity Instrument. These amounts sha11 bear in#erest at the Note rate from the date of disbursement and shall be payable, with such interest, upon nvtice from Lender to Borrvwer requesting payment. If this Security Instrument is on a Ieasehold, B�rrower sha�l cvmply with a�1 the pra�isions of the lease. �f Borrawer acqu�res fee title�o the Property, the leasehold and the fee title shall not merge unless Lender agrees to the merger in writing. lU. A55ignment of Miscel�ane�us Praceeds; Forfeiture. All Miscellaneous Proceeds are hereby assigned to and sha11 be paid to Lender. If th�Property is damaged,su�h Miscellaneous Proce�ds shall be applied to r�staratian or repair of the Property, if the restoration vr repair is ecvnomically feasible and Lender's s�curity is not �essened. During such repair and restvration period, Lender shall ha�e �he right ta hold such Miscellaneous Froceeds untii Lender has had an oppartunity to inspect su�h Praperty ta ensure the work has been comple#ed to Lender's satisfacti�n, pro�ided that such�nspection shal�be undertaken prumpt�y. Lender may pay for the repairs and restoration in a single disbursement or in a series of progress payments as the work is campleted. Unless an agreernent is made in writ�ng or Appl�cab�e Law requires interest tv be paid on such Miscellaneous Proceeds, Lender shall not be required t�pay Borrower any interest or earnings on such Miscellanevus Praceeds. If the restoration or repa�r is not ecanamically feasible or Lender's security vvould be lessened,the Mis�ellaneaus Praceeds shall be applied to�he sums secured hy this Security Instrument, whether ar nat then due, with the excess, if any, paid�o Borrnwer. Such MisCellaneous Proceeds shall be applied in the arder pro�ided far in Secti�n 2. NEBRASKA FHA DEED�F TRUST- MERS Docl�►�agic N EDDTZ2.FHA �9114115 Pag e 7 of 13 www.dbcmagi�c.com