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2024028/14
<br />LOAN #: **5797
<br />Lender files, negotiates, or settles a claim, Borrower agrees that any insurance proceeds may be made
<br />payable directly to Lender without the need to include Borrower as an additional loss payee. Lender may
<br />use the insurance proceeds either to repair or restore the Property (as provided in Section 5(d)) or to
<br />pay amounts unpaid under the Note or this Security Instrument, whether or not then due.
<br />6. Occupancy. Borrower must occupy, establish, and use the Property as Borrower's principal
<br />residence within 60 days after the execution of this Security Instrument and must continue to occupy
<br />the Property as Borrower's principal residence for at least one year after the date of occupancy, unless
<br />Lender otherwise agrees in writing, which consent will not be unreasonably withheld, or unless extenuat-
<br />ing circumstances exist that are beyond Borrower's control.
<br />7. Preservation, Maintenance, and Protection of the Property; Inspections. Borrower will not
<br />destroy, damage, or impair the Property, allow the Property to deteriorate, or commit waste on the Prop-
<br />erty. Whether or not Borrower is residing in the Property, Borrower must maintain the Property in order
<br />to prevent the Property from deteriorating or decreasing in value due to its condition. Unless Lender
<br />determines pursuant to Section 5 that repair or restoration is not economically feasible, Borrower will
<br />promptly repair the Property if damaged to avoid further deterioration or damage.
<br />If insurance or condemnation proceeds are paid to Lender in connection with damage to, or the tak-
<br />ing of, the Property, Borrower will be responsible for repairing or restoring the Property only if Lender has
<br />released proceeds for such purposes. Lender may disburse proceeds for the repairs and restoration in
<br />a single payment or in a series of progress payments as the work is completed, depending on the size
<br />of the repair or restoration, the terms of the repair agreement, and whether Borrower is in Default on the
<br />Loan. Lender may make such disbursements directly to Borrower, to the person repairing or restoring the
<br />Property, or payable jointly to both. If the insurance or condemnation proceeds are not sufficient to repair
<br />or restore the Property, Borrower remains obligated to complete such repair or restoration.
<br />Lender may make reasonable entries upon and inspections of the Property. If Lender has reasonable
<br />cause, Lender may inspect the interior of the improvements on the Property. Lender will give Borrower
<br />notice at the time of or prior to such an interior inspection specifying such reasonable cause.
<br />8. Borrower's Loan Application. Borrower will be in Default if, during the Loan application pro-
<br />cess, Borrower or any persons or entities acting at Borrower's direction or with Borrower's knowledge or
<br />consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed
<br />to provide Lender with material information) in connection with the Loan, including, but not limited to,
<br />overstating Borrower's income or assets, understating or failing to provide documentation of Borrower's
<br />debt obligations and liabilities, and misrepresenting Borrower's occupancy or intended occupancy of the
<br />Property as Borrower's principal residence.
<br />9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument.
<br />(a) Protection of Lender's Interest. If: (i) Borrower fails to perform the covenants and agreements
<br />contained in this Security Instrument; (ii) there is a legal proceeding or government order that might
<br />significantly affect Lender's interest in the Property and/or rights under this Security Instrument (such
<br />as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for enforcement of a lien that
<br />has priority or may attain priority over this Security Instrument, or to enforce laws or regulations); or
<br />(iii) Lender reasonably believes that Borrower has abandoned the Property, then Lender may do and pay
<br />for whatever is reasonable or appropriate to protect Lender's interest in the Property and/or rights under
<br />this Security Instrument, including protecting and/or assessing the value of the Property, and securing
<br />and/or repairing the Property. Lender's actions may include, but are not limited to: (I) paying any sums
<br />secured by a lien that has priority or may attain priority over this Security Instrument; (II) appearing in
<br />court; and (III) paying: (A) reasonable attorneys' fees and costs; (B) property inspection and valuation
<br />fees; and (C) other fees incurred for the purpose of protecting Lender's interest in the Property and/or
<br />rights under this Security Instrument, including its secured position in a bankruptcy proceeding. Securing
<br />the Property includes, but is not limited to, exterior and interior inspections of the Property, entering the
<br />Property to make repairs, changing locks, replacing or boarding up doors and windows, draining water
<br />from pipes, eliminating building or other code violations or dangerous conditions, and having utilities
<br />turned on or off. Although Lender may take action under this Section 9, Lender is not required to do so
<br />and is not under any duty or obligation to do so. Lender will not be liable for not taking any or all actions
<br />authorized under this Section 9.
<br />(b) Avoiding Foreclosure; Mitigating Losses. If Borrower is in Default, Lender may work with
<br />Borrower to avoid foreclosure and/or mitigate Lender's potential losses, but is not obligated to do so
<br />unless required by Applicable Law. Lender may take reasonable actions to evaluate Borrower for available
<br />alternatives to foreclosure, including, but not limited to, obtaining credit reports, title reports, title insur-
<br />ance, property valuations, subordination agreements, and third -party approvals. Borrower authorizes and
<br />consents to these actions. Any costs associated with such loss mitigation activities may be paid by Lender
<br />and recovered from Borrower as described below in Section 9(c), unless prohibited by Applicable Law.
<br />(c) Additional Amounts Secured. Any amounts disbursed by Lender under this Section 9 will
<br />become additional debt of Borrower secured by this Security Instrument. These amounts may bear inter-
<br />est at the Note rate from the date of disbursement and will be payable, with such interest, upon notice
<br />from Lender to Borrower requesting payment.
<br />NEBRASKA — Single Family — Fannie Mae/Freddie Mae UNIFORM INSTRUMENT (MERS) Form 3028 07/2021
<br />ICE Mortgage Technology, Inc. Page 7 of 14 NE21EDEED 0222
<br />NEEDEED (CLS)
<br />06/20/2024 10:05 AM PST
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