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2� 1 ��4�94 and restoration in a single pay.men�or in a series af prvgress paymen�s as the work xs completed. If the insurance or condemnation proceeds are nnt sufficient to repair or restore the Property, Bor.rower �s not relie�ed of Borrower's . obliga�ian for the comple��on vf such repair or restorat�an. . If condemnat�on proceeds are paid in connec#ion with the takin� �f the property, L�nder shall apply such proceeds to �he reduction af the indebtedness under the N�te and this Security Instrument, fr�t ta any delinquent amounts, and then ta paymen� of principal. Any applica�tion of the p.roceeds to �he principal shall no� ex�end ar postpone the due da�e af the mon�hly paymen�s or change the amvunt of such payments. Lender or its agent may make reasonab�e entries upon and inspections of the Property. �f it�ias reasonable cause, Lender ma�inspect�he int�rior of the impro�ements on the Property. Lender sha11 gi�e Borr�wer no��ce at the time of or prior to such an interior inspec�ion specifying such reasanab�e cause. S. BarrQwer'S Loan Application. Borrower sha11 be �n defau�t if, during the L�an application process, Borrower or an�persons or entities acting at the direction of BorrovWer or vWith Borrower's knowledge or consent gave materially false, misleadin�, �r inaccura�e information or statements to Lender �or fa�led to pro�ide Lender with material information} ua c�nnection with the �oan. Material representations include, but are nat limited t�, representiatzons concerning BorrovWer's accupancy af�he Proper�y as Borrower's principal residence. 9. Protect�on af Lender's Interest in the Praperty and R�ghts Under thi� Security Instrument. Tf�a� B�rrower fails to perform the co�enants and agreements contained in this Securi�y Instrument, �b� there is a legal praceeding that might significan�iy affect Lender's interes�in the Froperty andlor rightis under�his Se�ur�ty�nstrument �such as a proceeding v�a bankruptcy, praba�e, for condemnation�r forfeiture, for enforcement of a Iien whi�h may attain priority over this Securi�y Instrument or to enforce laws ar regulatians}, or �c} Borrower has abandoned the Pr�perty, then Lender may do and pay for whate�er is reasanable or appropriate t�protect Lender's interest in the Property and rights under this Security Instrumen�, ir�cluding protect�ng andlor assessing�he�alue�f the Praperty, and securing andlor repairing the Proper�y. Lender's actions can include, but are not l�rnited to: �a�paying any surns secured hy a Iien which has prio.rity o�er this Security�nstrument; (h}appear�ng in caurt; and�c�paying reas�nab�e attorneys' fees to protect its interest in the Property andlor rights under this Security Tnstrum�nt, including itis secur�d position in a bankruptcy proceeding. Securing the Propet�y �nc�udes, but�s not limited to, entering the Pr�perty to make repairs, change lo�ks, replace or board up doors and windows, drain water from pipes, eliminate building or a�her code�iola�ions or dangerous conditions, and ha�e u��lities turned on or off. Although L�nder may take action under this Sectian 9, Lender do�s not ha�e to do so and is not under any duty or obligation to do sa. It is agreed that Lender incurs no liabil�ty for not taking an� or al1 activns au�hor�zed under this Secti�n 9. Any amounts disbursed by Lender unde.r t.�is Section 9 shall become additianal debt of Borrawer secured by this Secur��y Instrument. These amaunts shall bear interest at the Note rate from�he date af disbursemen� and shall be payable, with such interes�, upon notice firom Lender ta Borr�wer requesting paymen�. If this Security Znstrument �s on a leaseh�ld, B�rrower sha�l c�mply with al� the provisions af�he l�ase. If Borrower a�quir�s fee t�t1e ta the Propert}r, the leaseho�d and the fee t�tle sha11 nvt merge unless Lender agrees to the merger in writing. 10. Assignment of Misce�laaeous Praceeds; Forfeiture. AlI Miscellanevus Froceeds are hereby assigned to and shall be pa�d ta Lender. If the Property is damaged,such Miscel�aneous Pr�ceeds shall be applied ta restaration or repair of the Property, if the restoration or repa�r is ecanomically feas�ble and Lender's security is na� Iess�ned. During such repaYr and � restora�ion per�od, Lender shall ha�e the right ta hold such Miscellaneous Proceeds un�il Lender has had an . �pportunity ta inspect such Pr�perty to ensure the vWork has b�en completed to Lender's satisfactian, pro�ided that such inspecti�n shall be undertaken promptly. Lender may pay f�r the repairs and restaration in a single di�bursem�n� or in a ser�es of progress paym�nts as the work is completed. Unless an agreement is made in writing or Applicab�e Law requires�nterest�o�e paid on such Miscel�aneous Proceeds, Lender shall not be required ta pay BorrovWer any interes� or earnings �n such Miscellaneous Proceeds. If the res�arat�an or repair is not economically feasible ar Lender's se�urity wnuld be�essened,the Miscellaneous Praceeds shall be applied to�he sums secured by tih�s Se�urity Instrument, whether or not then due, with the excess, if any, paid ta Borrower. Such Miscellaneous Prnceeds shali b� applied in the order pra��ded for in Section 2. NEBRASKA FHA DEED aF TRUST- MERS DvcN��tgi� a NE�QTZ2.FHA 09/14/15 Page 7 af 13 www.docrnagi�.com . . . r