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2� 1 ��3829
<br /> L�AN#: '1645�7981'l
<br /> the Property as Borr-ower's pnn��pal residence for at Ceast one year aiter the date of occupancy, unfess
<br /> Lender det�rmines�ha�this requir�m�nt sha��cause undue hardship for th�Ba�rower��unless�x�enuat
<br /> ing circurnstances exi��which are la�yond Borr�wer's control.
<br /> 7. Preservation,Maintenance and PrvtectNon vf the Property; Inspectrons. Borrower shall no�
<br /> des�ro�,damag�or impair�he Praperty,allov�r�he Proper�y to deterrora�e ar commit was��on�h�Property.
<br /> Borrow�r shalf maintain�he Properfy in vrderfia prerrentth�Praperty from de��rivrating ordecreasing in
<br /> �alue due�o i�s condition. Unless it is determined pursuant to Section 5 tha�r�pair�r�e�torati�n �s nafi
<br /> ec�nomi�a[ly feas[ble, Borr�wersha�l p�omp�ly repairthe Pra�erty if darnag�d to a�oid furtherde�eriorati�n
<br /> or damage. !f insurance ar condemnatian proceeds are paid in connectian with darnage ta the Property,
<br /> Borraw�r shalf be responsible f�r repairing or restoring the Praperty�nly if Lender has released praGeeds
<br /> �for such �urpases. Lender may disburse proceeds fvr the repairs and r�s�oration in a single payment ar
<br /> in a seri�s af progress payments as�he work is compl�ted. If the insurane�or c�ndemnatian proceeds
<br /> are nvt suffici�n�fio repair or restore'�he Property, Bo�rovu�r is not reCi��ed of Borrower's vbl�gati�n for�
<br /> the comple�ion afi such repair or restara�ion.
<br /> I�F candemna�ion proceeds are paid in �onnection v►r�th�he taking af th�pr�perty, Lender shall apply
<br /> such prac�eds to the�eduction of the indebtedness und�r�he Nate and this S�curity Instrumen�,fir�t t�any
<br /> delinquent amoun#s,and�hen to pa�m�nt of principal_Any application of�he praceeds�o the principal shaC�
<br /> not extend or postpone fihe due date of the manthfy paymenfis�r change the amount of such payments.
<br /> Lender�r its agent may make reasona�le en�rie�upon and inspect�ons of�he Property. ff i�has r�a-
<br /> s�nable cause, L�nder may inspe�t�he int�rivr af the impra�ernents on th� Pr�per�ry. L�nd�r shall give
<br /> 6orrawer notice at�h�t�me af ar prior�o such an inter�nr in�pection specify�ng such reasonable r,ause.
<br /> �. B�rrvvrrer's Loan Application,Borrvw�r shall be in default if,during�he Loan app[Ecation process,
<br /> Borrower ar any persans or entities acting a#the direction of Borrower or with Borr�wer's knowledge��
<br /> cansent gave materially false, rnisleading, or ina�curate inf�rmation or sta�ements to Lender�or failed to
<br /> pro�ide Lenderwith material �nformation� �n cannec�ion with the Laan, Material repres�ntatians include,
<br /> but are na�limited �o, repre��ntatrons concerning Barrower's occupan�y af the Praperty as Borrawer's
<br /> principal residence.
<br /> 9. Pratecti�n of Lender's Interest in the�raperty and Rights Under this 5e�urity instrument.
<br /> If�a} Borrow�r fails ta perForm the co�enants and agreements con�ained in �his Securi� Instrument,
<br /> �b}there is a legal proceeding that mEght signiftcantly a�fect Lender'�interest in the Prap�rty andlor r�gh�s
<br /> und�r this Secu�i�y Ins�rument�such as a proceeding in bankrup�cy, praba�e,far cvndemnation or forFeiW
<br /> ture, for en�arcement of a Eien whi�h may a�tarn priority vver�his Securi�y instrument vr ta enforce laws
<br /> or re�ulat�flns}, or�c� Barrvwer has abandoned the Prope�l, then Lender rnay d❑and �ay for whate�er
<br /> is reasonable or app��priate to pratec� Lender's �nt�rest in the Prv�er�y and rights under th�s Security
<br /> Instrument, including prat�cting andlo�assessing�he value��the Property, and securin� andl�r repair-
<br /> in�the Property. Lender's ac�ions�an include, but are not limited to: �a} paying any sums secured �y�a
<br /> lien which has priority aver this Se�uri�y lnstrument; �b} appearing in caurt; and �c} paying reas�nabl�
<br /> attorneys'f��s ta prot�cf its int�r�st in th� Praperty�ndCor rights und�r this Security�nstrumen�, includ-
<br /> in� it� secured pasition in a bankruptcy praceeding. Securing fihe Prvperty includes, but is not limited
<br /> �a, entering the Praperty to make r�pairs, chang� �acks, rep[ac��r�aard up do�rs and windaws, drain
<br /> vtira�er fram pip�s, elimina�e bui�ding or a�her�ode�ioEa�i�ns or dangervus cond��ians, an� have utiEi�ies
<br /> turned on ar afF.Al�hough Lender may take ac�i�n und�r this Sec�ian 9, L�nder d�es nat hav�ta d�s�
<br /> and is not unde�any du�1 or obliga�i�n�a do so. It�s agreed that Lend�r incurs no fiabi#ity for nofi taking
<br /> any or all activns authoriz�d under this SeCtion 9.
<br /> Any amounts disbursed by Lend�r under�h�s Sec�i�n 9 shall become a�dEtivnal de�f of Borro�rer secure�
<br /> by�his Security Instrument,These amaunts shali bear interest at the Nvte rat�frarn the date of di�burse-
<br /> ment and�hall be payable,with such interest, upon natice from Lend�r tv Barrower�-�qu�sting payment,
<br /> lf this S�curiiy lnstrument is on a I�asehald, Bvrrower shali cvmply w�th all th�pro�isions afi�he lease,
<br /> Barrower sha[I not surrenderth�l�asehold estat�and interests herein conveyed arterminate or cancel
<br /> the ground lease. B�rrvwer shall not, wi�haut the express�nrriiten cvn��nt�f Lender, alter ar amend�he
<br /> ground l��se.if B�rrower acquires f�e ti�le ta the Property,th�leasehold and the fee titl�shall nat m�rge
<br /> unl�ss Lender agrees to the merger in writing.
<br /> 1�. AssEgnrnent af lUl�sc�llaneaus Proceeds; Forf�iture.All Miscellan�ous Pr�ceeds are hereby
<br /> assigned tv�nd shall be paid�� Lender.
<br /> lfthe Property is damag�d, such Mi�cellaneous Prace�ds sha11 be appl�ed ta res�oration or repair vf
<br /> th� Properky, if th� restoration or repair is �cvnvmically feasib�e and Lender's security is nat iessened.
<br /> Durin�such r�pair and restoration period, Lender shall ha�e the r�i�h#to hQld such Miscellaneous Praceeds
<br /> unfi! Lender has had an apportunity ta inspect such Property tv ensure the�vork has been compCeted
<br /> ta Lender's satisfacti�n, pro�ided that su�h �nspection sha1R be undertaken pr�mptly. Lender may pay
<br /> for the repai�s and res�or�tion in a single disbursemen�or in a series of�rogress paymen�s as th�wvrk
<br /> is camplet�d. Unless an agreement is mad�in wnting or Applic.a�le Law r�quires infieres�to be pa�d vn
<br /> such Misce�ianeous Prace�ds, Lender shall nvt lae required ta pay Barrow�r any interest or eamings�n
<br /> such M�scellaneous Pro�eeds. ift��restaration o�repairis no�ecanamEca[lyfeasible arLender's security
<br /> w�uEd be I�ssened, the IVl�scellaneous Pro�eeds shal[ be applied ta the sums secured by th�s Security
<br /> lnstrument, v�rh�ther or n�t then due,with the exces�, if any; pa�d t� �orr�wer, Such Miscel�aneaus Pra-
<br /> ce�ds shalf be applied in�he arder provided�or in �ectian 2.
<br /> NEBRASKA—Single Family—Fannie iUlaelFreddie Mac UN1F�RlVI INSTRUMENT Form 3Q�8'1101 ��
<br /> Modif�ed fvr FHA 9l�D�4�HUD Handbvok 40DD.1} I[1�t1aI5:
<br /> El�ie Mae,1nc. Page�of'i� N EEFHA�5�E a9�5
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