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200404179
<br />Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender may
<br />inspect the interior of the improvements on the Property. Lender shall give Borrower notice at the time of or prior to such an interior
<br />inspection specifying such reasonable cause.
<br />S. Borrower's Loan Applicatlon. Borrower shall be in default H, during the Loan application process, Borrower or any
<br />persons or entitles acting at the direction of Borrower or with Borrowers knowledge or consent gave materially false, misleading, or
<br />Inaccurate information or statements to Lender (or failed to provide Lender with material information) In connection with the Loan.
<br />Material representations include, but are not limited to, representations concern ing Borrowers occupancy of the Property as
<br />Borrowers principal residence.
<br />9. Protection of Lender's Interest In the Properly and Rights Under this Security Instrument. h (a) Borrower
<br />fails to perform the covenants and aggreements contained in tfiis Security Instrument, (b) there is a legal proceeding that might
<br />significantly affect Lenders interest in the Property and/or rights under this Security Instrument (such as a proceeding In bankruptcy,
<br />robate, for condemnation or forfeiture, for enforcement of a Iles which may ahaln priority over this Security Instrument or to enforce
<br />Paws or regulations), or (c) Borrower has abandoned the Property, then Lender may do and pay for whatever is reasonable or
<br />appropriate to protect Lenders interest in the Property and rights under this Security Instrument, including protecting and/or
<br />assessing the value of the Property, and securing and/or repmnng the Property. Lenders actions can Include, but are not limited to:
<br />(a) paying anyy sums secured by a Ilan which has priority over this Security Instrumenq (b) appearing in crourt; and ((c) paying
<br />reasonable attorneys' fees to protect ns Interest in the Property and/or rights under this Security Instrument, including Ns secured
<br />position in a bankruptcy proceedmg. Securing the Property Includes, but is not Ilmtled to, entering the Property to make repairs, ,
<br />change locks, replace or board up doors antl windows, drain water tram pipes, eliminate building or other code violations
<br />dangerous conditions, and have utilnles turned on or off. Althouggh Lender may take action untler this Section 9, Lender does noor
<br />t
<br />have to do so and is not under any duty or obligation to do so. It is agreed that lender incurs no liability far not taking any or all
<br />actions authorized under this Section 9.
<br />Any amounts disbursed by Lender under this Section 9 shall become addltional debt of Borrower secured by this Security
<br />Instrumont. These amounts shall bear interest at the Note rate from the tlate of disbursement and shell 6e payable, with such interest,
<br />upon nonce from Lender to Borrower requesting payment.
<br />Iiacquires fee
<br />this Security Instrument is on a leasehold, Borrower shall comply wlth all the provisions of the lease. II Borrower
<br />title to the Property, the leasehold and the fee title shall not merge unless Lender agrees to the merger in writing.
<br />1o. Mortgage Insurance. If Lender n
<br />the premiums required to maintain the Mortgage
<br />Lender ceases to be available from the mortgage
<br />separately designated payments toward the prat
<br />coverage substantially equivalent to the MonggE
<br />Borrower of the Mortgage Insurance prevlousl
<br />equivalent Mortgage Insurance coverage Is not
<br />designated payments that were due when the it
<br />payments as a non - refundable loss reserve
<br />notwithstanding the fact that the Loan is uhima
<br />earnings on such loss reserve. Lender can no 1<
<br />)dl by an
<br />not the pi
<br />was ref
<br />in effect,
<br />available,
<br />Borrower shall pay
<br />la a insurance as a condition of Making the Loan, Borrower shall pay
<br />effect. Ii, for any reason, the Mortgage Insurance coverage required by
<br />>reviously provided such insurance and Borrower was required to make
<br />,rtgage Insurance, Borrower shall pay the premiums required to obtain
<br />s previously In effect, at a cost substar iallyyy equivalent to the cost to
<br />in an aftemate mortgage insurer selected by Lender. It substantially
<br />>rnewer shall continue to pay to Lender the amount of the separately
<br />arage ceased to be in affect. Lender will accept, use and retain these
<br />Menge a Insurance. Such loss reserve shall be non - refundable,
<br />Lill, and Lender shall not be required to pay Borrower any interest or
<br />loss reserve payments lt Mortgage Insurance coverage (in the amount
<br />r selected by Lender again becomes available is obtained, and Lender
<br />Is for Mortgage Insurance. If Lender required Mortgage Insurance as a
<br />to make separately designated payments toward the premiums for
<br />squired to maintain Mortgage Insurance In effect, or to provide a
<br />ion - refundable loss reserve, until Ins Lancers requlramn,,, for Mortgage Insurance ends In accordance with any written agreement
<br />)etween Borrower and Lender providing for such termination or until termination is required by Applicable Law. Nothing in this
<br />Section 10 affects Borrower's obligation to pay Interest at the rate provided in the NOW
<br />Mortgage Insurance reimburses Lender (or any entity that purchases the Note) for certain losses it may incur if Borrower does
<br />not repay the Loan as agreed. Borrower is not a party to the Mortgage Insurance.
<br />Mortgage insurers evaluate their total risk on all such insurance in force from time to time, and may enter into agreements with
<br />other parties that share or modify their risk, or reduce losses. These agreements are on terms and conditions that are satisfactory to
<br />the mortgage insurer and the other party (or parties) to these agreements. These agreements may require the mortgage insurer to
<br />make payments using any source of funds that the mortgage insurer may have available (which may Include funds obtained from
<br />Mortgage Insurance premiums).
<br />As a result of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer, any other entity, or any
<br />affiliate of any of the foregoing, may receive (directly or Indirectly) amounts that derive from (or might be characterized as ) a portion
<br />of Borrower's payments for Mortgage Insurance, in exchange for sharing or modifying the mortgage insurers risk, or reducing
<br />losses. If such agreement provides that an affiliate of Lender takes a share of the Insurers risk in exchange for a share of the
<br />premiums paid to the Insurer, the arrangement Is often termed "captive reinsurance." Further:
<br />(a) Any such agreements will not affect the amounts that Borrower has agreed to pay for Mortgage
<br />Insurance, or any other terms of the Loan. Such agreements will not Increase the amount Borrower will owe for
<br />Mortgage Insurance, and they will not entitle Borrower to any refund.
<br />(b) Any such agreements will not affect the rights Borrower has - if any - with respect to the Mortgage
<br />Insurance under the Homeowners Protection Act of 1998 or any other law. These rights may include the right to
<br />receive certain disclosures, to request and obtain cancellation of the Mortgage Insurance, to have the Mortgage
<br />Insurance terminated automatically, and /or to receive a refund of any Mortgage Insurance premiums that were
<br />unearned at the time of such cancellation or termination.
<br />11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby assigned to and
<br />shall be paid to Lender.
<br />If the Property is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of the Property, if the
<br />restoration or repair Is economically feasible and Lenders security is not lessened. During such repair and restoration period, Lender
<br />shall have the right to hold such Miscellaneous Proceeds until Lender has had an opportunity to Inspect such Property to ensure the
<br />work has been completed to Lender's satisfaction, provided that such Inspection shall be undertaken promptly. Lender may pay for
<br />the repairs and restoration In a single disbursement or in a series of progress payments as the work Is completed, Unless an
<br />agreement is made in writing or Applicable Law requires interest to be pal such Miscellaneous Proceeds, Lender shall not be
<br />required to pay Borrower any Interest or earnings on such Miscellaneous Proceeds It the restoration or repair is not economically
<br />feasible or Landers security 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 Proceeds shall be applied In the
<br />order provided for in Section 2.
<br />In the event of a total taking, destruction, or loss in value of the Property, the Miscellaneous Proceeds shall be applied to the
<br />sums secured by this Security Instrument, whether or not then due, with the excess, If any, paid 1toMBorrower.
<br />NEBRASKA -Slyle FaMly- Fennle Mc rF v Mac UNIPORM I149iaUMENT Fmm M28llAiv Wed]p.0..1
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