2� 1 ��7��2
<br /> L�AN#:�I GQ�EM'15�498
<br /> S�ctian �2 v�Qth�rwis�, B�r�vwer hereby assigns to L�nder�a} Barrawer's rights t� any insurance
<br /> prviceeds in an arnaunt nat tv exc�ed th�amoun�s unpaid�nd�r the[Vate or t�7i�SeGuri�y�nstrument,
<br /> �nd �b}any vther of B�rrQw�r's r�ghts�o�her than the right to ar�y r�f�nd Qf ur��arned premiums paid
<br /> by B�rraw�r}under all�nsuranc� psli�ies c�v�ri�g tl�� Prap�rty, insafar as such rights are ap�lic�able
<br /> ta the cov�rage af�he Proper#y.Lender m�y use the�nsuranc�prac��ds either t�repair ar�estare#he
<br /> Pr�per�y or to pa�r amounts unpaid und�r�h�Not�ar this S�G�rity instrument,wheth�r�r not then du�.
<br /> G. acGupanc�. Borrawer shal� accupy, estabitsh, and use the Pr�p�rty as Barr�w�r's princ�pal
<br /> residence within��days after tl���x��ut��n Qf�his�ecurity Instrum�nt�nd shall cvntinu�ta accu�ay�he
<br /> Pr�perty as Borrvwer'�pr�n�ip�l r�s�den�e��r��leaston�year after�h�date df occupan�y,unfess Lender
<br /> athenrv�s�agrees�n w�-iting,whi�h c�nsent�hall nvt be unr�as�nab�y withhe�d, ar unl�ss�xtenuating
<br /> circumstances exist which are bey�nd Barrovsrer's cantrol.
<br /> 7. Pr�s�n�ation. Ma�ntenance and Pr�te�tion ��the Pro�erty; Inspectivn�. Borrawer shall
<br /> not dest�ay, damage or�mpair the F�rQp�rty,��I�w th�Pr�R�rty to deter�arate ar�ommit waste on th�
<br /> Praperty.Vllhether ar not B�rrower i�r�siding in th�P�-v�erty, Borrower�hal�maintain the Property�n
<br /> ard�r to prev�nt the �r�perty�r�m�ete�iorating ar de�r�a�ir�� in va���due ta its cvndifiian. l�n�ess it
<br /> �s det�rm�n�� pursuant to 5ecti�n �th��re�a�r a�- r�starativn is nat ecanomically fe�s�ble, Borrower
<br /> shal�pramptly repair the Pr�perty�f darnaged to a�oid further de#erioration ar dam�g�. If�nsurance ar
<br /> �ondemnatian proce�ds�re paid in connecti�n w�th darr-r�ge tc�,�r the tak�ng�f,th�P�aperty,Bvrrowe�
<br /> shal� b�resp�nsible for re�a;r�ng vr r��t�r�n� the Pr���rty anly �f Lender ha5 ref�ased �raceeds fvr
<br /> su�h purposes. Lend�r rr�ay dis�urse pr��eeds for the repairs and re�taration in a single payment or
<br /> in a seri�s of pragr�ss payments as the work is cQmpl�ted. �f th�insurance or cvndemnativn prv�eed�
<br /> are not 5uffici�n�t�rep�ir ar re�tare th�PrQpe�.y, B�rravv�r is nat reiiev�d of B�rrpwer'$Qbligatian fvr
<br /> the Gompfet�on af su�h r�pair�r r�storati�n.
<br /> Lend�r or�ts agent may mak� r�asonabie �ntries upQn and inspe�tions of#he Praperty. 1f it has
<br /> r�asanabl�caus�,Lender m�y in�p�ct th�interior af the irr�pravem�n�s an the Prvp�rty.Len�er shall giv�
<br /> Bvrr�wer nv#ice at th�time of ar prior to�uch�n in�eriar in��ection speci�ying su�h reasonable cause.
<br /> 8. Bvrrow�r'�L�anAp�lic�tian,Borrowersh��l��in defaultif,during the Loan applica#ion proc�ss,
<br /> Borrawer or any persans vr entities actin�at the directiQn af Borrvwer or w�th Barrow�r'�kn�w��dg�vr
<br /> consent gav�materiaf�y fals�,m�sieading,ar inaccurate�nfvrmat�on�r�s�atements to Lender�or failed ta
<br /> prov�de L�nder with materia!infvrmatian�in cvnnectivn Vu�th�he Laan.Material repres�ntations inGiude,
<br /> but are not�imit�d tv,repre�entati�ns c�n��rning Bvrr�w�r's a�cupancy af t�e Pr�perty as B�rrawer's
<br /> prin�ipal res�dence.
<br /> �. Prate�#ion af L�nd�r's In��re�t in tl��Pr+�pe�t�ar�d Rights Under this Security Instrument.
<br /> If�a} Barrawer fails tQ perform th�cov�n�nts�nd a�r��mer�ts contain�d in �his S�curity Instrument,
<br /> �h} th�re is� lega� p�oce�ding that rrri���si�nifi�antly affect Lender'� �n#�rest�n th� Prop�r�y and��r
<br /> rights unde��hi�SQcur�ty lnstrum�nt�such as a pra�e��ding in bankruptcy,praba�e,fvr eandemnation❑r
<br /> forfeiture,fvr�nfvrcement of�li�n whi�h ma�attain priarity�v�r this Securit�Instrum�n�ar to enf�rce
<br /> faw�v�re�ulati�n�}, ar�c� Borrorrv�r has aband�ned �he Prape�ty, then Lender may do and �ay �or
<br /> whatever i�reasQnabl�vr appr�priat���pratect L�nder'�inter��t in the Pr�p�rty and rights und�r this
<br /> Secur�ty lnstrument,in�luding pr��ecting andlar as�essing the v��ue ofthe Proper�y,and�ecuring andlor
<br /> re��iring the Property.Lendet�'�actiar�s can inciude,�ut are nvt�imite�#o:�a}pa�ing any sums s�cured
<br /> by a lien v�hich ha�priori�y overthds S�curit�r In�trum�nt;�b}appearin�in cvurt;and��}payin�r�asonable
<br /> at�arneys'fees ta�rQtect its interest in th�Pr�perty andtor rights und�rthi�Secur��Instrum�nt,inciuding
<br /> i�S��cure� ptisit�on in a�ankruptcy pro��eding. S�cu�ing th�Prvperty includes, but is na�limited t�,
<br /> entering t�e Prap�rty to make r�pairs, chan�e Ivcks, r�pface or board up doQrs and windaw�, drair�
<br /> wat�r f�-�m p��es,eliminafi�k�u�ldin�vr ot��r�cad�vial�tivns❑r�a��erflu�cond�tiQns,and have ut��it�es
<br /> turned on or o#F.Al�h�ugh Lend�r rnay fake a�tian under th���e�ti�n�, Lender dves n�t hav�to do sa
<br /> and is nvt under any duty�r obliga�i�n ta da sa. f��s agr��d that Lender in�urs na liabi�ity for not taking
<br /> any ar all��ti�ns authvr�z�d under t�i�Se�t�ar�9.
<br /> Any am�unts disburs�d by Len�er und�r this�ectior�9 shall become add�tional debt af BQrrower
<br /> secured by this Se�uritJr In�tr�r��nt Th�s��mount�sha�l bear int�re�t at t�te h!o#e rate from the da�e❑f
<br /> �isbursement and sh�a�l�e payab�e,►�ith such int�re�t,upon na#ice fr�m L�nd�r to Barrawer requesting
<br /> payment.
<br /> i#thEs 5ecurit� Instrument is�n a leas�h�ld, ��rr�uver shai!comply with a!��he �ravisions vf th�
<br /> �eas�. �arrvv�►��shai� not surrender th� le�sehold �s�ate and �nt�r�sts h+�r�in canv�y�d ar terminate
<br /> or can�e!the graund��ase.Borrow�r shall nat,without th�express written�ons�nt Qf L�nder, a�t�r or
<br /> amend fhe gr�und lea�e. ��Borrawer a�quires fee titl�t�th�Pr�v�erty, �he lea��h�ld �n�th��ee titl�
<br /> sha11 not merge unless Lender agre�s tv the��rg�r in v�rriting.
<br /> '�U. Martgage In�urance.�f L�nder requir��Mortg�g�insurance a���andition of rnaking the Loan,
<br /> Borrower shal�pay the pr�miums re�uir�d tv m�intain th�Mortgage Insurance in��fect.If,for any r�a�an;
<br /> the 1111v��age In�urance c�ve�age requ�red by L�r�d�r�eases to be avaifable fr�rn the rnartgage insurer
<br /> that pr�viously pravided such insuran�� �nd Borrovfrer was required tv make s�pa��tely designat�d
<br /> payments taward the prem�ums for Mortgag� insu�an�e, Bvrra�v�r shal� pay th� premiums r�quired
<br /> t� �btain cQver�ge �ubstantia�ly ��uiva�ent to the Mortgage �nsu�ane�: previously in �ffe�t, at a co�t
<br /> sub�tant�al�y equivalent t�the cost t�Bvrra!n��r�f the Mortgage Insurance previousfy in�f���, ra�n
<br /> In�tiai�.
<br /> NEBRASl�A-WSing�e Famfly--Fannie Ma�lFreddie�lac UNIFQRM INSTI�UMENT Form 3�28�101
<br /> Ellie Mae,�nc. p�g�G�f 1'I NEEDEED U315
<br /> NEEDEED(CLS]
<br /> 101�112415 1�:�6 PM PST
<br />
|