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� 2� 1 ��3122 ; and restaratron �n a single payment or in a series af progress payments as the work is completed. If the insurance or condemnation proceeds are no� sufficient to repair ar restore the Property, Borrower is not relie�ed af Borrower's obligat�on for�he completion of su�h repair or restora�ion. If condemnation proceeds are pard in cannect�on with the taking of the praperty, Lender shall apply such proceeds to the reduction flf the indebtedness under the Nate and�his 5ecuri�y �nstrument, first ta any de�inauent : amounts, and �hen ta payment of principal. Any applica�ion of the proceeds to the princ�pal shal� not extend �r pastpone�he due date of the monthly payments or change the amount of such payments. Lender ar its agent may make reas�nable entries upon and inspections of the Property. If it has reasonable cause, Lender may inspect the interrar of the impro�ements on�he Property. Lender shall gi�e Borrawer nati�e at the time ; �f or priar to such an interior �nspectian specifying such reasonable cause. S. Borrower'� Loan Appl��ation. Borravver sha�l be in default if, during �he Loan applicat�on process, Borrower or any persons or enti�ies ac�ing a�the direction of Borrower or with Borrawer`s knowledge or c�nsent ga�e materially false, m�sleading, or inaccurate information or statements to Lender �or failed to pr��de Lender w�th material ir�formation) in conr�ectian w�th the Loan. Materia� representations �nclude, but are not limited to, representations concernipg Borrower's occupan�y of the Pr�perty as Borrawer's principal residence. 9, Protec�ion of Lender's Interest in the Pr�perty and Rights Under �his Security Instrument. �f�a} B�rravver fails �a perform the co�enan�s and agreements c�ntained in this Security Instrument, �b� there is a legal proceeding that might significan�ly affect Lender's interest in�he Praperty andlor rights under this Se�urity Instrumen� �suGh as a proceeding in bankruptcy, probate, for condemna��on or forfeiture, for enforcement of a lien which may attain priority over this Security Instru�nent or to epforce lavvs or regulations}, or �c� Borrower has abandoned �he Property, then Lender may do and pay for whatever rs reasonable ar appropriate to pro�ect Lender's �nterest in the Property and righ�s under thi� Security Instrument, including protec�ing andlor assessipg�he�alue of the Pr�perty, and secur�ng apolor repair�ng the Property. Lender's actions can include, but are not limited ta: �a�paying any sums secured by a lien which has priority a�er this Security Instrument; �b�appearing in�ourt; and �c}paying reasonable attorneys' fees to proteGt its interest in the Pr�perty andlor r�ghts under this Secu��ty Instrument, including its secured position in a bankruptcy proceeding. Securing the Prnperty inc�udes, but is no� limited to, entering the Pr�perty to make repairs, �hange �ocks, �eplace or board up doors and windo�s, drain vvater from pipes, elim�nate bui�d�ng or a�her cade�i�lations ar dangerous canditions, and haWe ut�lities turned on ar aff. Al�hough Lender may take action under this Section 9, Lender does not have to d�so and is not under any duty or obligation to do so. It is agreed that : Lender incurs no l�ability for no�taking any or all ac��ons au�horized upder this Section 9. Any amounts disbursed by Lender under this Section 9 shall became add�tiona� deb�of Borrower secured by�his Securi�y Instrumen�. These amounts shaIl bear interest a�the Note rate from the date of disbursement and shall be payable, w�th such interes�, upon notice from Lender to Borrower re�uesting pay�nent. If this Security Instrument is on a �easeho�d, Borrower sha�l comp�y vvith aIl the pr��isions of the �ease. If Borrower acyuires fee title to the Property, tihe leaseha�d and th�fee title shall na�merge unless Lender agr�es to the merg�r in wr��ing. ��. Assignment of Miscellaneaus Proceeds; F�rfeiture. All Misce��aneaus Praceeds are hereby assigned to and shall be paid to Lender. I f the Property is dam aged,such M i sce�laneous Proceeds shal�be appl i ed t�resto�atian or repair af the Property, if the restaration or repair is ecanomically feasible and Lender's security is not l�ssened. During such repair and restoration peri�d, Lender shall ha�e the righ� to hold such Mis�ellanenus Fraceeds un�il Lender has had an opportunity ta inspect such Property to ensure the work has been completed to Lender's satisfaction, pro�ided that such ipspection sha��be undertaken promptly. Lender may pay for the repairs and restoration in a single disbursement or in a series of pro�ress payments as the wark is completed. Unless an agreement is made in writing ar Applicab�e Law re�uires interest to be paid on such Mis�el�apeous Praceeds, Lepdel' Sha�� pD��7e I'eC�Ult"�d�Q pay Bflt'I"QWeI'apy interest or earnings on such Miscellaneous Proceeds. If�khe restoration or repair is nat econamical�y feasib�e or Lender"s se�uri�y would be lessened,the Miscellaneous Praceeds shall be app�ied to the sums secured by this 5ecurit� Instrument, whether or not then due, wrth the excess, if any, paid ta Borrower. Such Misce�lan�ous Proceeds shall be app�ied 7n the arder provided for in 5�ct�on �. NEBRASKA FHA DEED �F TRUST - MERS �p��l� � N ED�TZ�.FHA 4 91�4!15 Pag e 7 af 13 www.docmagic.��m