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202100865
<br />LOAN #: 132470
<br />the Property as Borrower's principal residence for at least one year after the date of occupancy, unless
<br />Lender determines that this requirement shall cause undue hardship for the Borrower or unless extenuat-
<br />ing circumstances exist which are beyond Borrower's control.
<br />7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not
<br />destroy, damage or impair the Property, allow the Property to deteriorate or commit waste on the Property.
<br />Borrower shall maintain the Property in order to prevent the Property from deteriorating or decreasing in
<br />value due to its condition. Unless it is determined pursuant to Section 5 that repair or restoration is not
<br />economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration
<br />or damage. If insurance or condemnation proceeds are paid in connection with damage to the Property,
<br />Borrower shall be responsible for repairing or restoring the Property only if Lender has released proceeds
<br />for such purposes. Lender may disburse proceeds for the repairs and restoration in a single payment or
<br />in a series of progress payments as the work is completed. If the insurance or condemnation proceeds
<br />are not sufficient to repair or restore the Property, Borrower is not relieved of Borrower's obligation for
<br />the completion of such repair or restoration.
<br />If condemnation proceeds are paid in connection with the taking of the property, Lender shall apply
<br />such proceeds to the reduction of the indebtedness under the Note and this Security Instrument, first to any
<br />delinquent amounts, and then to payment of principal. Any application of the proceeds to the principal shall
<br />not extend or postpone the due date of the monthly payments or change the amount of such payments.
<br />Lender or its agent may make reasonable entries upon and inspections of the Property. If it has rea-
<br />sonable cause, Lender may inspect the interior of the improvements on the Property. Lender shall give
<br />Borrower notice at the time of or prior to such an interior inspection specifying such reasonable cause.
<br />8. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process,
<br />Borrower or any persons or entities acting at the direction of Borrower or with Borrower's knowledge or
<br />consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to
<br />provide Lender with material information) in connection with the Loan. Material representations include,
<br />but are not limited to, representations concerning Borrower's occupancy of the Property as Borrower's
<br />principal residence.
<br />9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument.
<br />If (a) Borrower fails to perform the covenants and agreements contained in this Security Instrument,
<br />(b) there is a legal proceeding that might significantly affect Lender's interest in the Property and/or rights
<br />under this Security Instrument (such as a proceeding in bankruptcy, probate, for condemnation or forfei-
<br />ture, for enforcement of a lien which may attain priority over this Security Instrument or to enforce laws
<br />or regulations), or (c) Borrower has abandoned the Property, then Lender may do and pay for whatever
<br />is reasonable or appropriate to protect Lender's interest in the Property and rights under this Security
<br />Instrument, including protecting and/or assessing the value of the Property, and securing and/or repair-
<br />ing the Property. Lender's actions can include, but are not limited to: (a) paying any sums secured by a
<br />lien which has priority over this Security Instrument; (b) appearing in court; and (c) paying reasonable
<br />attorneys' fees to protect its interest in the Property and/or rights under this Security Instrument, includ-
<br />ing its secured position in a bankruptcy proceeding. Securing the Property includes, but is not limited
<br />to, entering the Property to make repairs, change locks, replace or board up doors and windows, drain
<br />water from pipes, eliminate building or other code violations or dangerous conditions, and have utilities
<br />turned on or off. Although Lender may take action under this Section 9, Lender does not have to do so
<br />and is not under any duty or obligation to do so. It is agreed that Lender incurs no liability for not taking
<br />any or all actions authorized under this Section 9.
<br />Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower secured
<br />by this Security Instrument. These amounts shall bear interest at the Note rate from the date of disburse-
<br />ment and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment.
<br />If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease.
<br />Borrower shall not surrender the leasehold estate and interests herein conveyed or terminate or cancel
<br />the ground lease. Borrower shall not, without the express written consent of Lender, alter or amend the
<br />ground lease. If Borrower acquires fee title to the Property, the leasehold and the fee title shall not merge
<br />unless Lender agrees to the merger in writing.
<br />10. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby
<br />assigned to and shall be paid to Lender.
<br />If the Property is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of
<br />the Property, if the restoration or repair is economically feasible and Lender's security is not lessened.
<br />During such repair and restoration period, Lender shall have the right to hold such Miscellaneous Proceeds
<br />until Lender has had an opportunity to inspect such Property to ensure the work has been completed
<br />to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may pay
<br />for the repairs and restoration in a single disbursement or in a series of progress payments as the work
<br />is completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on
<br />such Miscellaneous Proceeds, Lender shall not be required to pay Borrower any interest or earnings on
<br />such Miscellaneous Proceeds. If the restoration or repair is not economically feasible or Lender's security
<br />would be lessened, the Miscellaneous Proceeds shall be applied to the sums secured by this Security
<br />Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such Miscellaneous Pro-
<br />ceeds shall be applied in the order provided for in Section 2.
<br />NEBRASKA — Single Family — Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />Modified for FHA 9/2014 (HUD Handbook 4000.1)
<br />Ellie Mae, Inc. Page 6 of 11
<br />Form 3028 1/01
<br />NEEFHA15DE 0915
<br />NEEDEED (CLS)
<br />01/25/2021 07:37 AM PST
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