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202502086
<br />Unless Lender determines pursuant to Section 5 that repair or restoration is not economically feasible,
<br />Borrower will 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 taking
<br />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 a
<br />single payment or in a series of progress payments as the work is completed, depending on the size of
<br />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
<br />the Property, or payable jointly to both. If the insurance or condemnation proceeds are not sufficient to
<br />repair 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
<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 will be in Default if, during the Loan application
<br />process, Borrower or any persons or entities acting at Borrower's direction or with Borrower's
<br />knowledge or consent gave materially false, misleading, or inaccurate information or statements
<br />to Lender (or failed to provide Lender with material information) in connection with the Loan,
<br />including, but not limited to, overstating Borrower's income or assets, understating or failing to
<br />provide documentation of Borrower's debt obligations and liabilities, and misrepresenting Borrower's
<br />occupancy or intended occupancy of the Property as Borrower's principal residence.
<br />9. Protection of Lender's Interest in the Property and Rights Under this Security
<br />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
<br />pay for whatever is reasonable or appropriate to protect Lender's interest in the Property and/or rights
<br />under this Security Instrument, including protecting and/or assessing the value of the Property, and
<br />securing and/or repairing the Property. Lender's actions may include, but are not limited to: (I) paying
<br />any sums secured by a lien that has priority or may attain priority over this Security Instrument; (II)
<br />appearing in court; and (III) paying: (A) reasonable attorneys' fees and costs; (B) property inspection
<br />and valuation fees; and (C) other fees incurred for the purpose of protecting Lender's interest in the
<br />Property and/or rights under this Security Instrument, including its secured position in a bankruptcy
<br />proceeding. Securing the Property includes, but is not limited to, exterior and interior inspections of
<br />the Property, entering the Property to make repairs, changing locks, replacing or boarding up doors
<br />and windows, draining water from pipes, eliminating building or other code violations or dangerous
<br />conditions, and having utilities turned on or off. Although Lender may take action under this Section
<br />9, Lender is not required to do so and is not under any duty or obligation to do so. Lender will not be
<br />liable for not taking any or all actions 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
<br />so unless required by Applicable Law. Lender may take reasonable actions to evaluate Borrower for
<br />available alternatives to foreclosure, including, but not limited to, obtaining credit reports, title reports,
<br />title insurance, property valuations, subordination agreements, and third -party approvals. Borrower
<br />authorizes and consents to these actions. Any costs associated with such loss mitigation activities may
<br />be paid by Lender and recovered from Borrower as described below in Section 9(c), unless prohibited
<br />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
<br />interest at the Note rate from the date of disbursement and will be payable, with such interest, upon
<br />notice from Lender to Borrower requesting payment.
<br />(d) Leasehold Terms. If this Security Instrument is on a leasehold, Borrower will comply with all the
<br />provisions of the lease. If Borrower acquires fee title to the Property, the leasehold and the fee title will
<br />not merge unless Lender agrees to the merger in writing.
<br />10. Assignment of Rents.
<br />(a) Assignment of Rents. If the Property is leased to, used by, or occupied by a third party
<br />("Tenant"), Borrower is unconditionally assigning and transferring to Lender any Rents, regardless of
<br />to whom the Rents are payable. Borrower authorizes Lender to collect the Rents, and agrees that each
<br />VO1.1.1.31656
<br />NEBRASKA-Single Family -Fannie Mae/Freddie Mac UNIFORM INSTRUMENT (MERS) Form 3028 07/2021
<br />Wolters Kluwer Financial Services, Inc. 02/2025
<br />25.2.0.8137J20250303N Page 7 of 15
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