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2� 17��338
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<br /> �' � ' Section 22 vr otherwise, Borrower hereby assigns to Lender�a} Borrower's rights to any insurance
<br /> proceeds in an amount not to�xceed#h�amvunts unpaid under the Nvte or this Security Instrument,
<br /> and�h}any other o�Borrower's rights�other than the right to any refund of unearned premiums paid
<br /> by Barrower}under a!I insurance policies co�ering the Property,�nsofar as such rights are applicable
<br /> to the cvverage of#he Property.Lender may use the insurance proceeds either tv repair or restvre the
<br /> Property ar to pay amounts unpaid under the Note❑r this Security�ns#rument,whethe�or not then due.
<br /> 6. �ccupancy. Borrower shall occupy,establish, and use#he Property as Bo�rower's prin��pal
<br /> �esidenr�within 6�days a�er�he execut�on of this Sec�rri#y lnstrument and shall�ontinue#a occupy#he
<br /> Property as 8orrower's principal residence for at leas#one year afterthe date of occupancy,unless Lender
<br /> otherwise ag�ees in wri#ing,wh�ch cansent shall nv#be unreasvnahly withheld,or�unless extenuafing
<br /> c�rcumstances exis#which are beyvnd 6orrow�r's control.
<br /> 7. Preservat�vn, Ma[ntenance and Protect'ron vf the Property; Inspectians. Barrower shall
<br /> not destroy,damage or impair the Property,allvw the Property#o deter�orate or�ommit waste on the
<br /> Property.�11�hether or not Borrawer is residing in the Property,Borrower shall maintain the Property in
<br /> order to pre�ent the Property from deteriorating or decreasing in r►alue due to i#s condition. Unless i#
<br /> is determined pursuant to Sectivn 5#hat repair o�restora#�on is not econom�cally feas�ble, BoITower�
<br /> shall promptly repair the Prvperty if damaged to avoid further deterioration or damage.If insurance or
<br /> condemna#ion prviceeds a�e paid in connecfivn with damage to,or the taking of,the Property,Borrower
<br /> sha!!be responsib�e for repairing or restoring#he Property only if Lender has released pr�oceeds#or
<br /> such purposes. Lender may disburse p�oceeds far the repairs and restoratian in a single payment or
<br /> in a series vf progress payments as the work is comple#ed.!f the insurance a�-condemnation prviceeds
<br /> are not sufficient#o repai�or restore the Proper�y,Borrower is nvt relie�ed af Borrower's❑bligation for
<br /> the c�mplet�on of such�epair or restor�ation.
<br /> Lender vr its agent may make reasonable entries upon and inspections of the Proper�y. !f i�has
<br /> reasonable cause,Lender may inspect the interior af the imprv►►ements an the Properiy.Lender sha�l give
<br /> B�rrower notice at the#ime of ar privr#o such an inter�or inspection specifying such reasonable cause.
<br /> 8. Bvrrowrer's LvanApp[ication.Borrowershall be in defau�t�,during the Laan application process,
<br /> Bvrrower❑r any persvns or entities acting a##he d�re�tivn vf Barrower or with Borrower's knowledge vr
<br /> cvnsent ga�e materially false,misleading,ar inaccurate information or sta#ements to Lender(o�tailed#o
<br /> prv�ide Lender with material informatian}�n connectivn with the Loan.Materia!representations include,
<br /> hut are not limited ta,representations conceming Bor�vwer's occupancy of the Property as Borrawer's
<br /> principa�residence.
<br /> 9. Protectivn o�'Lender's[nterest in the Rroperty and R�ghts Under this 5ecurity�nstrument.
<br /> If�a} Borrower faiIs to perform the ca►►enants and agr�ements contained in this Security Instrument,
<br /> {b}#here is a legal proceeding#hat might signif�cantly affec#Lende�-`s interes#in the Property andlor
<br /> rights under this Security Ins#rum�nt{such as a proceeding in bankruptcy,prvbate,fvr condemnation or
<br /> forfeiture,for enfvrcement of a lien which may attain privr�#y o�er th�s 5ecuri#y Instrument o�tv enfvrce
<br /> laws❑r regulativns), ar(c} Borrower has abandoned the Proper�y,#hen Lender may do and pay fflr
<br /> wha#ever is reasonahle or app�opria�e to protect Lender's interest in the Property and rights under this
<br /> Security instrument,inc�uding protect�ng andlor assessing the va�ue of the Property,and securing andlar
<br /> repairing#he Property.Lender's actions can inc�ude,but are na#�imited to:{a�paying any sums secu�ed
<br /> by a lien which has priority o�er fhis 5ecur�ty�nstrument;{b}appeaTing in cau�t;and�c}paying reasonable
<br /> a#tvrneys'fees tv protect its sn#erest in the Property andlor rights under this Securi#y lnstrument,including
<br /> its secured positivn in a bankruptcy proceeding.Securing#he Properiy includes,but is not limited ta,
<br /> entering the Property ta make repairs, change lacks,replace ar baard up doors and windvws,drain
<br /> waterfram pipes,eliminate buElding or o#her code vivlations or dangeraus conditions,and ha�e uti�ities
<br /> turned on or vif.AI#hough Lender may take ac#ion under this Section 9,L�nder does not ha�e to do so
<br /> and is not under any duty or obligation#o do so.!t is agreed that Lender�ncurs no Iiability for nat taking
<br /> any o�all actions authorized under this Section 9.
<br /> Any amounts disbursed�y Lender under this Section 9 sha��b�come additiona!deht of Borrower
<br /> secured by this Security Instrument.These amvun#s sha�l bear interest at the Note rate from the date of
<br /> disbursement and shall be payab�e,with such tnterest,upon notice from Lender to Borrvwer requesting
<br /> payment.
<br /> If this Security�nstrument�s vn a Ieasehold, Borrawer shall�omp�y wi#h all#he provisions of the
<br /> lease. Borrower sha�!no#surrender the leasehold estate and interests herein conveyed or termina�e
<br /> or�ancel the ground lease.Borrower shaEl not,without the express written consent of Lender,a�ter or
<br /> amend the ground lease. If Borrower acquires fee title to the Property,the leasehold and the fee ti#le
<br /> shal!not merge unless Lender agrees#o the merger in wrEtEng.
<br /> '��. IVlortgage Insurance.�f Lender required Mortgage Insurance as a condition of making the Loan,
<br /> Borrower shall pay the premiums requi�ed�o maintain the Mortgage lnsurance in effect.If,for any reason,
<br /> #he Mvrtgage Insurance coverage required by Lender ceases#o be available from the mortgage�nsurer
<br /> that previously provided such insurance and 8orrawer was required to make separately designa#ed
<br /> payments#oward the premiums for Mortgage lnsurance, Bvrrower shall pay the premiums required
<br /> to obta�n coverage suhstantiaily equivalen#tv the Nlortgage Insurance pre�ously in effect, t a st
<br /> substantially equi�aient to the cost to Borr�we�of the Mar�gage Insurance previously in effe ,
<br /> I n ittals:
<br /> NEBRASI[A-�Sing[e Fami�y Fann�e MaelFreddte Mac UNIF�RM INSTR�NIENT Fonn 3028 71D�i +
<br /> Ellie Mae,Inc. Page 5 of�� NE DEED �395
<br /> NEE�EED{C�.S}
<br /> 12127t209fi Q6:23 AM PST
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