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2� 17��477
<br /> L[3A N#: �I 9'I fiZ�4G 5G
<br /> Sect�on 22 �r otherwis�, Borrawer hereby assigns to Lender �a} Bvrrower's r'rghts to any insuran��
<br /> proceeds in an amount not to exceed the amounts unpaid under the Note or th�s Security lnstrumen#,
<br /> and �b} any a#h�r of Borrow�r's r�ghts ��ther than the right to any refund of unearned premiums paid
<br /> by Borrawer} under all insurance pvlic�es cove�ing the Property, insofar as such righ#s are applicable
<br /> to the�o�erage�f the Property. Lender may us�the insurance pr�ceeds either to repair or res�ore the
<br /> Praperty or t�pay amounts unpaid un�er th�Nate or this Se�urity lnstrument,whe�hsr or not�hen due.
<br /> fi. �ccupancy. Borrower shall occu�y, establtsh, and use the Property as B�rrower's principal
<br /> residence within 5�days after#he execution of.this 5ecur�ty�nstrument and shall cantinue ta occupy the
<br /> Pr�per#y as Borrvwer's principai residenc�for at least one year after#he dat�of occupancy,un�ess Lender
<br /> otherwise ag�ees in writing, which consent shall nat be unreasanab�y withh�ld, �r unless extenuating
<br /> circumstances exist which are beyond Borrower's c�ntrol.
<br /> T. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shal�
<br /> na# destray, damag� ar 'rmpair the Property, allow the Property tv deteriora�e �r commit waste on the
<br /> Praperty. Whether or not Borrower is residing in the Property, Borrawer shali mainta�n the Pr�perty in
<br /> order to preven# the P�aperty f�om deteri�rat�ng or decreasing in value due to its conditian. Unless it
<br /> is determined pursuant tv �ectivn 5 that repair a� restara#ian is not econamically feas�ble, Borr�wer
<br /> shall promptiy repair the Propsrty if damaged to avoid furth�r deterioratian or damage. 1f insurance or
<br /> condemnat�on procee�s are�aid in Conne�tion with damage to, ar#he taking af,#he Property, Borrower
<br /> shall b� �esponsibl� for repai�ing or r�storing the Property onfy if Lender has released proceeds fo�
<br /> such purposes. Lender may disburse proceeds fo�-th� repairs and �estoration in a single payment or
<br /> in�series of progress payments as#he wnrk�s comp�e�ed. If the insurance or condemnation proce�ds
<br /> are n�t sufficient to r�pair or restore the Property, Bnrrowe�is not relie�ed of Borrower's obl�gation fo�
<br /> th�comp�etion�f su�h repair or restoration.
<br /> Lender �r its ag�nt may make r�asonab�e entries up�n and inspections of the Property. If it has
<br /> reasvnab�e cause,Lender may inspect the interior o�the impr��em�nts fln the Property.Lende�shall gi�e
<br /> Borrower notic�at the time of or p�ior to such an �nterior inspection specifying such reasonable caus�.
<br /> 8. Borrower's Loan Application.Borrower sha��be in default if,during the Loan app�ication process,
<br /> B�rrower�r any persvns or entities acting a#the direGti�n�f Bvrrower or with Borrower's know�edge or
<br /> consen#�a�e materially false,misleading,or inaccurat�information�r statements t�Lender�ar failed to
<br /> provide Lender with material infnrmati�n}in connectian with th�Loan. Maferia!representations includ�,
<br /> but ar�nat limited to, representations concerning Borrower's occupancy af the Property as Borrower's
<br /> principa� residence.
<br /> , 9. Prot�ction of Lender's fnterest in the Property and Rights Underthis 5ecurity tnstrument.
<br /> if�a} Borrower fai�s �� perform th� covenants and agreements contained in this Securi#y Instrument,
<br /> �b} th�re is a legal proceed�ng that might significantly afFe�t Lender's interest in the Pra�erty andlvr
<br /> rights under this Security lnstrumen#�such as a proce�ding in bankruptcy, probat�,for condemnati�n v�
<br /> forfeiture, for enforcement of a lien whi�h may attain pr�ority o�er th'rs Se�urity Instrument or to enfvrce
<br /> laws ar regu�atEons}, or �c} Bo�rower has a�andon�d the Prope�ty, then Lender may do and pay f�r
<br /> what��er�s r�asonable or appropr�ate#o�rotect Lender's interest in the Pro�er#y and rights under this
<br /> Security Instrument,inc�u�ing pra�ecting andlor assessing the value of the Property,and securing an��or
<br /> repa�ring the Property. L�nd�r's act�ans can in�lude, �ut are not I�mi�ed to: �a}paying any sums s�cu�ed
<br /> by a�ien which has prror�ty o�er this Secur�ty lnstrument;�b}appearing in court;and�c�paying reasonahl�
<br /> attarneys'fees#o prot�ct its interest in the Prope�ty andlor righ�s under fhis Security Ins#rument,including
<br /> its se�ured position in a hankruptcy prac�eding. Securing the Property includes, but is n�f �imited �a,
<br /> entering the Property to make repairs, change lacks, replace or baard up doors and windaws, drain
<br /> water from pipes, elimEnat�buil��ng or other G�de�i�latians or dangerous candit�ons, and ha�e u��l�ties
<br /> turned on or off.Although Lender may take a�tion u�der this Section �, Lender do�s not have t�d� sn
<br /> and is nof under any duty v�obligat��n to do sa. It is agreed#hat Lende�incurs no I�ability for nat taking
<br /> any or all act�ons authflrized under this Sec#ion 9.
<br /> Any amounts disbursed by Lender unde�this �ec#ion 9 shal� become additional debt of 8orrower
<br /> secured by#his Security Inst�ument.These am�unt$shall bear interesf at the Note rate from the date af
<br /> disbursement and shal�be payable,with su�h inte�e$#, upon nati�e from Len�er tv Barrawer requesting
<br /> payment.
<br /> If th�s Security Instrument is an a leasehol�, Barrawer shall comply with all the provisions af the
<br /> lease. 6orrower shall not surr�nder th� leaseho�d estate and interests herein con�eyed ar termina#e
<br /> ar canc��the groun� I�ase. Borrower sha�i not, withaut th�express writt�n cansent of Lender, a�ter ar
<br /> amend the ground �ease. If Borrower acquires fee titie tv th� Property, the leaseho�d and the fe� title
<br /> shall nat merge unless Lender a�rees to the merger in writing.
<br /> 'I D. Morkgage insurance.if Lender required Mortgag�Insurance as a condition of making the Laan,
<br /> Borrower shall pay the premiums required#o maintain the M�rtgage InsuranCe in effect.If,far any reason,
<br /> the Mortgage lnsurance co�erag� required by Lender ceases to b�a�ailable from the mortgage insurer
<br /> that pre�iously pra�ided such insuranc� and 8orr�wer was required #� make separately designated
<br /> payments t�ward the prem�ums far Mortgage Insuranc�, Borrower shall pay the premiums required
<br /> t� ohtain coverage su�stantially equi�alent to the Mortgage Insuran�e pre�iously in effe�t, at a cast
<br /> substantial�y equival�nt to the cost to Borr�wer of t�r� Martgage [nsurance �re�i�usly in eff fra an �
<br /> Initials:
<br /> NEBRASKA--Single Fami�y--Fanni�MaelFredd�e N#ac IJNIF�RM lNSTR�MENT Form 3078�1101
<br /> Ellie Mae,Inc. Page 6 of 11 NEE�EED �3�5
<br /> NEEDEED(CLS}
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