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coverage, not
<br />standard mart
<br />of loss if not made promptly byB�
<br />whether or not the underlying ins
<br />the restoration or repair is econm
<br />period, Lender shall have the rig
<br />Proper w ensure the workhas b
<br />prompt y. Lender may disburse
<br />payments as the work is complete
<br />on such insurance proceeds, Lear
<br />for public adjusters, or other third
<br />the sole obligation of Borrower.
<br />lessened, the insurance proceeds
<br />y Lender, for damage to, or
<br />name Lender as mortmeee a
<br />der and Bounce
<br />by Lender, sha
<br />Lender's secur
<br />ranee proceeds
<br />or repair is not
<br />the sums secure
<br />claim, then Lender may negotiate and settle the claim.
<br />event, or if Lender acquires the Property under Section 2
<br />rights to any insurance proceeds in an amount not to exa
<br />and (b) any other of Borrower's rights (other than the rig
<br />insurance policies covering the Property insofar as such
<br />use the insurance proceeds either to repay or restore the
<br />Instrument, whether or not then due.
<br />6. Occupancy. Borrower shall occu
<br />60 days after the execution of this Security Irish
<br />residence for at least one year after the date
<br />of occupancy, unless Lender otherwise agrees
<br />extenuating circumstances exist which are beyis
<br />7. Preservation, Maintenance and
<br />damage or impair the Property, allow the Proper
<br />on the Property. Whether or not Borrower is n
<br />prevent the Property from deteriorating or deer
<br />Section 5 that repair or restoration is not econon
<br />avoid further deterioration or damage. Ifinsuran
<br />taking of, the Property, Borrower shall be respc
<br />proceeds for such purposes. Lender may disburs
<br />of progress payments as the work is completed.
<br />restore the Property, Borrower is not relieved of
<br />Lender may insp,
<br />prior to such m i
<br />8. Bo
<br />Borrower or any
<br />materially false, r
<br />Lender's
<br />duty
<br />200300913
<br />ion of, the Property, such policy shall include a
<br />an additional loss payee.
<br />uance carrier and Lender. Lender maymake proof
<br />.herwise agree in writing, any insurance proceeds,
<br />applied to restoration or repair ofthe Property, if
<br />not lessened. During such repair and restoration
<br />I Lender has had an opportunity to inspect such
<br />uovided that such inspection shall be undertaken
<br />t in a single payment or [n a series of progress
<br />sg or Applicable Law requires interest be paid
<br />any interest or earnings on such proceeds. Pees
<br />e paid out of the insurance proceeds and shall be
<br />m ically feasible or Lender's security would be
<br />his Security Instrument, whether or not then due,
<br />5e applied to the order provided for in Section 2.
<br />d settle any available insurance claim and related
<br />ier that the insurance carrier has offered ro settle a
<br />d will begin when the notice is given. In either
<br />grower herebyassigns to Lender (a) Borrower's
<br />licable to the
<br />pay amounts
<br />establish, and use the Property as Borrower's principal residencewithin
<br />ent and shall continue to occupy the Property as Borrower's principal
<br />consent shall not be unreasonably withheld, or unless
<br />rotection of the Property; Inspections. Borrower shall not destroy,
<br />to deteriorate or commit waste
<br />ding in the Property, Borrower shall maintain the Property in order to
<br />sing in value due to its condition. Unless it is determined pursuant to
<br />ally feasible, Borrower shall promptly repair the Property if damaged to
<br />or condemnation proceeds are paid in connection with damage to, or the
<br />ible for repairing or restoring the Property only if Lender has released
<br />rroceeds for the repairs and restoration in a single payment or in a series
<br />'the insurance or condemnation proceeds are not sufficient to repair or
<br />orrower's obligation for the completion of such repair or restoration.
<br />entries upon and inspections of the Property. If it has reasonable cause,
<br />its on the Property. Lender shall give Borrower notice at the time of or
<br />'ower's Loan Application. Borrower shall be in default if, during the Loan application process,
<br />persons or entities acting at the direction of Borrower or with Borrower's knowledge or consent gave
<br />isleading, or inaccurate information or statements to Lender (or failed to provide lender with material
<br />,neetion with the Loan. Material representations include, but are not limited to, representations concerning
<br />racy of the Property as Borrower's principal residence.
<br />action of Lender's Interest in the Property and Rights Under this Security Instrument. If
<br />to perform the covenants and agreements contained in this Security Instrument, (b) there is a legal
<br />�ht significantly affect Tender's interest in the Property and/or rights under this Security Instrument (such
<br />amkruptcy, probate, for condemnation or forfeiture, for enforcement of lien which may attain priority
<br />nstrument or to enforce laws or regulations), or (e) Borrower has abandoned the Property, then Lender
<br />whatever is reasonable or appropriate to protect lender's interest in the Property and rights under this
<br />t, including protecting and/or assessing the value of the Property, and securing and/or repairing the
<br />actions can include, but are not limited to: (a) paying any sums secured by a lien which has priority over
<br />anent (b) appearing in court; and (c) paying reasonable attorneys' fees to protect its interest in the
<br />his under this Security Instrument, including its secured position in a bankruptcy proceeding. Securing
<br />es, but is not limited to, entering the Property to make repairs, change locks, replace or board up doors
<br />water from pipes, eliminate building or other code violations or dangerous conditions, and have utilities
<br />[though Lender may take action under this Section 9, Lender does not have to do so and is not under any
<br />a do so. It is agreed that Lender incurs no liability for not taking any or all actions authorized under this
<br />Any amounts disbursed by Lender under this Section 9 shall
<br />Security Instrument. These amounts shall bear interest at the Note rat
<br />with such interest, upon notice from Lender to Borrower requesting
<br />If this Security Instrument is on a leasehold, Borrower shall
<br />acquires fee title to the Property, the leasehold and the fee title shall no
<br />10. Mortgage Insurance. If Lender required Mort
<br />Borrower shall pay the premiums required to maintain the Mortgage
<br />Insurance coverage required by Lender ceases to be available from
<br />insurance and Borrower was required to make separately designated p
<br />Borrower shall pay the premiums required to obtain coverage substan
<br />in effect, at a cost substantially equivalent to the cost to Borrower of
<br />alternate mortgage insurer selected by Lender. If substantially equiv
<br />Borrower shall continue tto Lender the amount of the separately
<br />coverage ceased to be in
<br />,way ct. Lender will accept, use and retain thes
<br />Mortgage Insurance. Such loss reserve shall be non- refundable, notes
<br />full, and Lender shall not be required to pay Borrower any interest or
<br />require loss reserve payments if Mortgage Insurance coverage (in the amount and for the period that Lender ran
<br />e, is obtained, and Lender requires separatelydest
<br />required Mortgage Insurance as acondition ofmal,
<br />ayments toward the premiums for Mortgagge Insl
<br />Insurance in effect, or to provide a non- refundab
<br />end
<br />in accordance with any written agreement br
<br />minane!n is required by Applicable Law. Nothing
<br />become additional debt of Borrower secured by this
<br />e from the date of disbursement and shall be payable,
<br />P
<br />comply with all the provisions of the lease. If Borrower
<br />I merge unless Lender agrees to the merger in writing.
<br />gage Insurance as a condition of making the Loan,
<br />Insurance in effect. If, for any reason, the Mortgage
<br />the mortgage insurer that previously provided such
<br />ayments toward the premiums for Mortgage Insurance,
<br />tial ly equivalent to the Mortgage Insurance previously
<br />I Mortgage Insurance previously in effect, from an
<br />alent Mortgage Insurance coverage 1s not available,
<br />designated payments that were due when the insurance
<br />e payments as a non - refundable loss reserve in lieu of
<br />ithstanding the fact that the Loan is ultimately paid in
<br />Loan and Borrower was required to make separately designated p
<br />Borrower shall pay the premiums required to maintain Mortgage
<br />reserve, until Lender's requirement for Mortgage Insurance en
<br />Borrower and Lender providing for such termination or until ter
<br />Section 10 affects Borrower's obligation to pay interest at the rate
<br />loss
<br />Mortgage Insurance rem urses Lender (or any entity that purchases the Note) for certain losses it may incur if
<br />Borrower does not repay the Lawn as agreed. Borrower 1s not a party to the Mortgage Insurance.
<br />NEBRASKA - Single Family- Fannie MaerFrisme Mac UNIFORM INSTRUMENT Fwea3038 LOt (pnge4of8png )
<br />9754 AV (1/02) 1640184
<br />
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