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2� 17��41 �
<br /> ' ' L�AN#: 1 SD1 T7D73
<br /> Se�t�on 22 or oth�rwise, Borrower hereby assigns to Lender ta} 8orrawer's r�ghts to any insurance
<br /> praceeds in an amount not t�exceed the amaunts unpaid under the Note or this Securify Instrument,
<br /> and �b} any other of Borrower's rights �other than the right ta any refund of un�arned pr�miums paid
<br /> by Borrower} under all insuranc� poli�ies co��ring the Praperty, insvfar as such rights are applicable
<br /> ta the co�erage af the Property. Lend�r may use the insuran�e proceeds either to repair or rest�re the
<br /> Property or t�pay amounts unpa�d under the Not�or this 5ecurify instrument,whethsr or not then du�.
<br /> fi. �ccupancy. Barrower shall occupy, establish, and use the Property as Borrower's principa!
<br /> residence vr►ithin 6�days after the execution of this Secu�ity Instrument and shall c�ntinue to occupy the
<br /> Property as Borrower's prEncipal residence for at least one yearafterthe date of occupan�y,unless Lender
<br /> otherwise agrees in writing, whi�h consent shall na� be unreasonably withheld, or unless extenuating
<br /> circumstan�es�xist which are beyond Barrower's control.
<br /> 7. Preservation� Maintenance and Protection of the Praperty; Inspect�ons. Borrower shall
<br /> not destroy, damage or impair the Property, a«vw the P�operty to deteriarate or commit was#� vn the
<br /> Property. Whether or not Borrower is residing in the Property, Bvrrower shall maintain the Property in
<br /> �rder to pre�ent the Property fram deteriorating or decreasing in value due to its condition. Unless it
<br /> is determined �ursuant t� Section 5 #hat repair or res#oration is no# e�onomically feasi�le, Borrower
<br /> shal� promptty r�pa�r the Property if damag�d tv a�oid further deterioration or damage. If insurance ar
<br /> �andemnation proceeds are paid in connection with damage to,or the tak�ng of,the Property, Borrower
<br /> sha�l be responsible for r�pairing or resforing the Property anly if Lender has released pr�ceeds for
<br /> such purpases. Lender may disburse pro�e�ds for the repairs and restoration �n a sing[e paymenf or
<br /> in a series af�rogress payments as the work is completed. �f the insurance or�ondemnation proceeds
<br /> are not sufficient to repair ar restore the Property, Barrower is not relie�ed of Borrower's obligat�on for
<br /> the comple�ron of such r�pair or restoration.
<br /> Lender or �ts agent may make reasonable entr�es upon and inspectivns of the Property. If it has
<br /> reasonable cause,Lender may inspectthe interioraf the impro�ements on the Property.Lendershall gi�e
<br /> Ba�rvwer no#ice at the time af or pr�or to such an inter�or inspectian spe�ify�ng su�h reasonabte cause.
<br /> 8. Barrawer's LaanApplication.Borrowershal�be in defaul�if,during the Loan app�ication process,
<br /> Borrower or any persons or entities acting at the direction of Borrower or with Bo�rvwer's knowledge or
<br /> consent ga�e materia�ly false, mEsleading,or inaccurate informatian or statemen#s to Lender�ar failed to
<br /> pro�ide Lender with material information}in connection with the Loan. Material representations include,
<br /> but are nnt limited to, representations concerning Bor�awer's occupancy of the Property as Bo�-rower's
<br /> principal residence.
<br /> 9. Protection of Lender's lnterest in the Property and Rights Under this Security lnstrument.
<br /> If �a} Borrower fails to perform the co��nan#s and agre�ments contained in this 5ecurity lns�rument,
<br /> �b} there is a legal proceed�ng that might significantly affect Lender's interest in the Property andlor
<br /> rights under this Security Instrument�such as a proceeding in bankruptcy, probate,for cond�mnation or
<br /> forfeiture,for enfarcement of a lien which may attain priority a�er this Security Instrument or to enf�rce
<br /> laws �r regulations}, or �c} Borrower has aband�ned the Property, then Lender may d� and pay for
<br /> what��er is reasanable or appropr�ate to protec#Lender's interest in the Property and rights under this
<br /> Se�urity Instrument,inciuding protect�ng andlor assessing the�alue of the Prop�rty,and securing andlor
<br /> repairing the Property. Lender's actions can include,but are not limi�ed#o:�a}paying any sums secured
<br /> by a�ien which has priority o�erthis Security I nstrument;�b}appearing in�ourt;and�c}paying reasonabl�
<br /> attorneys'fees to prate�t its interest in th�Praperty andlvr rights under this Security Instrument,including
<br /> its secured position in a bankruptcy proceeding. Securin� the Property includes, but is nat limited to,
<br /> entering �he Property tv make repairs, �hange locks, replace vr baard up doors and windows, drain
<br /> water from pipes, eliminate building or other code�iolatians or dangerous conditions, and ha�e utilities
<br /> turned on or off.Although Lender may take action under this Section 9, Lender does not ha�e#o do so
<br /> and is not under any duty or a�ligation to do so. lt is agreed that Lender incurs no liability for not taking
<br /> any ar all a�tions authorized under this 5ection 9.
<br /> Any amounts d�sbursed by Lender under this Section 9 shall become additiona� debt�f B�rrower
<br /> se�ured by this Security Instrument.These amounts shall bear inte�est at the Note rate fram the date of
<br /> disbursement and sha�l be payable,with such Enterest, upon notice from Lender to Borrower�-equesting
<br /> payment.
<br /> If this Securi#y Instrument �s on a leasehald, Borrower shall comply with all the provisions of the
<br /> lease. Borrower shall nat surrender the �easehold �state and in�erests herein con�eyed or terminate
<br /> or canc�l the graund lease. Borrower shall not, without the express written consent af Lender, alter or
<br /> amend the ground rease. If Borrawer acquires fee titl�to the P�operty, the leasehold and the fee tifle
<br /> shall nat merge unless Lender agrees to the merge�in w�-iting.
<br /> 'I D. Mortgage Insurance.If Lender required Mortgage Ensurance as a condition of making�he Loan,
<br /> Barrower shall pay th�premiums required to maintain the Mortgage Insurance in effect.�f,for any reasvn,
<br /> the Mortgage Insurance co�erage required by Lender ceases to be a�ailable from the mortgage insurer
<br /> that previousiy pro�ided su�h insurance and Borrower was required to make separateEy designated
<br /> payments taward th� premiums for Mortgage �nsurance, Bvrrower sha�l pay the premiums required
<br /> to abtain co�erage substantially equi�alent t� the Mortgage I nsurance pre�iously in effect, at a cost
<br /> substantially�quE�alent to the cost to Borrvwer of the Mortgage Insurance pre�iously'rn e � fr
<br /> �nitials• �
<br /> NE6RASKA--Single Family--Fannie MaelFreddie IIAac UNIF�RM�NSTRUMENT Form 3�Z8'�1�1
<br /> EIlie Mae,lnc. Page fi of'I'� NEEDEED �315
<br /> NEEDEED tCLS}
<br /> 1212812�1 fi D8:38 AM P5T
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