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REREWRDED
<br />200111605
<br />200206788
<br />7. Preservation, Maintenance and Protection of the Properly; Inspections. Borrower shall nor destroy, damage or
<br />impair rho Property, allow the Property to deteriorate or Toronto waste or the Property. Whether or not Borrower is residing in
<br />The Property, Borrower shall maintain the Property its order to prevent the Property from deteriorating or decreasing in value
<br />due to its condition. Unless it is determined pursuant to Section 5 That repair or resorinam is not ccouomieally feasible,
<br />Borrower shall promptly repair the Property if damaged Ira avoid further deterioration or dal if insurance or
<br />condemnation proceeds are paid in connection with damage lo, or the taking at, the Property, Borrower shall be responsible for
<br />repairing or restoring file Property only if Linder has released proceeds for such purposes. Lender may disburse Proceeds for
<br />the repairs and restoration ill a single payment or in a series of progress payments as file work is comrpteted. if the insurance or
<br />condemnation proceeds tie not sufficient to repair or restore We Property, Borrower is not relieved ref Borrower's obligafiuu
<br />for the completion of such repair or restoration.
<br />Lcndcr ter its agent may make reasonable Tactics upon and inspections of the Property, If it has reasonable cause,
<br />Lender Inay inspect the interior of the impinvcnlculs on [lie Property. Lender shall give Borrower Doom At the time of or prior
<br />to such an interior inspection sper;ifying such reasonable cause.
<br />S. Burrower's Loan Application_ Borrower shall he in default if, during die Loan application process, Borrower or
<br />Ally Persons or entities acting at the direction of Borrower of with Borrower's knowledge or consent gave materially false,
<br />misleading, or inaccurate information or sfaternents to Lender (or failed In provide Lemler wile material information) in
<br />connection with Oho Loan Material representatims include, but are Out limited to, representations cn recriong Borrower's
<br />occupancy of the Property as Bo reve is principal residence,
<br />9. Protection of Lender's Interval in the Property and Bights Under this Seenrity Instnement. If (A) Borrower fails
<br />to perlunu the covenants and agreements cnntaiucel in this Security Instrument, (b) there is a legal proceeding that might
<br />siguiticanly affect Leudeis interest in The Properly and /or rights under this Security Instrument (such as a proceeding in
<br />hmdrrupky, probate, for condemnation or forfeiture, for enforcement of a hat' which may attain priority over this Seemly
<br />Instnment or to colmean laws Of regulations), or (e) Borrower has abandoned the Property, Wen Lender may do and pay for
<br />whatever is reasonable or appropriate to protect Leudei s interest in the Property and rights under this Security Instrument,
<br />including protecting and /or assessing We value of the Property, and sccuriug torpor repairing the Property. Lender's actions
<br />can inclndq but are out limited to. (a) paying any arm, secured by a Into which has priority over this Security Indictment, (b)
<br />appearing in court; and (T) paying reasonable attorneys' fees to protect its interest its the Property and /or rights under This
<br />Security Instrument, including its secured position in a bankruptcy prnccuding. Seeming the Property includes, but is not
<br />limited I., entering the Property to make repairs, change looks, replace or board up doors and windows, drum water from
<br />pipes, chromate building or other code violations or dangerous condifious, and have utilities turned on or off. Although Lender
<br />may take action on for This Section 9, Lender does not have in do so and is Oct under any duty or obligation uh do su. It is
<br />agreed that Louder local no liability for not taking 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 sectored by this
<br />Security lions recut These amounts shall beat interest at the Note rate Ilom the date of disbursement and shall be payable, with
<br />such interest, upon notice from Lcndcr "'Borrower requesting payment.
<br />If this Security Beare met is on a leasehold, Borrower shall cuwply with all the provisions of The (case. If Borrower
<br />acquires fee title to the Propony, the leasehold and the fee title shall not merge unless Lender agrees to the merger in writing.
<br />10. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan, Borrower shall
<br />pay the premiums required In maintain the Mortgage Insurance in effecn if, for any reason, the Mortgage Insurance coverage
<br />required by Lender crises to be available from the mortgage insurer that previously provided snch insurance and Borrower was
<br />required lo make separately designated payments toward We promimms for Mortgage Insurance, Borrower shall pay We
<br />premiums required to often... coverage substantially equivalent to The Mortgage Insurance previously in drat, at a cast
<br />substantially equivalent to the cost to Borrower of the Mortgage Insurance previously in effect, from an alternate mortgage
<br />insurer selected by Lenudee If snWstannally equivalent Mortgage Insurance coverage is not available, Borrower shall continue to
<br />pay to Lender We amount of the separately designated payment, that were due when the insurance coverage ceased to be in
<br />effect Lender will accept, use and retain these payments as of non -rofuudahlc Ina, reserve in lieu of Mortgage Insurance, Such
<br />Tess reserve shall be nororcfinldable, notwiThstandiug The fact that the Loaa is ultimately paid in full, and Tender than not be
<br />required to pay Borrower any interest or canungs on such less Tolerve. Lender can no longer require loss reserve payments if
<br />Mortgage Insurance coverage (in the amn"'m and fur the period that Louder requirca) provided by an dancer selected by Lender
<br />again becomes availahle, is obtained, and Lender roybures separately designated payments inward site premiunns for Mortgage
<br />flomarre. fl Leader required Mortgage Insurance as a condition of making the Loan and Borrower was requited to make
<br />separately designated payments "'wool the premiums for Mortgage hisurance, Borrower shall pay the pronounces required to
<br />maintain Mortgage Insurance in effect, or to provide a non- refunlablt loss reserve, unfit Lender's requirement for Mortgage
<br />Insurance ends in accordance with any written agreement between Borrower and Lender providing for such Iennaration or total
<br />temmnation is required by Applicable Law. Nothing in this Suction 10 affects Borrower's obligation to pay interest at the rate
<br />provided in the Note
<br />Mortgage Insurance reimburses Lender (or any carry that purchases Ore Note) for certain losses it may incur if
<br />Borrower does not repay We Loan as agreed. Borrower is not a party "'the Mortgage Insurance.
<br />Mortgage roamers evaluate their total risk an all sash ummanec in force from rime in time, and may enter ism
<br />agreements with other parties that share or modify Weir risk, or reduce losses, These agreements are on terms and conditions
<br />that are satisfactory to WT mnngage insurer and the other party (or panics) to these agreements. 'These agrenionts may require
<br />the morl insurer to make payments using any source of funds that the mortgage insurer may have available (which may
<br />include funds obtained from Mortgage Insurance preni m e).
<br />As a result of these agreements, Lender, any purchaser of the Note, soother insurer, any rcinsuo T, Toy other entity, or
<br />any affiliate of any of the foregoing, may receive (directly or indirectly) amounts that derive from (or might be characterized
<br />arc) A portion of Borrower's payments for Mortgage Insurance, in exchange for sharing or modifying the mortgage insurer's
<br />nsk, or reducing losses. If such agreement provides that an affiliate of Lender takes a share of insumor'a risk in exchange for a
<br />sham of the prernimi s paid to We insurer, the arrargunent is often termed "captive reinsurance." Portion:
<br />(a) Any such agreements will at .]feet the amounts that Borrower has agrced to pay far Mortgage Insurance, or
<br />any other terms of the Lean. Such agreements will not increase the amoutl Borrower will we for Mortgage trail"' nce,
<br />and they will not cantle Borrower to any refund_
<br />(b) Any such agrcemeuts will not after( the rights Borrower hus If any —with respect to the Mortgage' hesurance
<br />undo the homeowners ]'collection Act of 1998 or any other law. These rights may inclndu the right to receive certain
<br />discloawes, In request and obtain cancellation of the Mortgage Insurance, to have the Mortgage Insurance terminated
<br />automatically, and /or to receive a refined of any Mortgage Insurance premiums that were unearned at the time of ouch
<br />cancellation or termination.
<br />11. Assignment of Miscellaneous Proceeds; Forl'eimre. All Miscellaneous Proceeds arc hereby assngoed to and shall
<br />he paid to I.euder.
<br />If the Property is damaged, such Milfellaucous Proceeds shall be applied to restoration or repair of the Property, if the
<br />restoration or repair is economically fcasihle and Leader's security is nnl lessened, During such repair and restoration period,
<br />Leader shall have the right to hold such Miscellaneous Proceeds until Lender has had an opportunity o inspect such Property
<br />"' ensure the work has horn completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly.
<br />Lender may pay for The repairs and restoration in a single disbursement or in a series of progress payments as the walk is
<br />completed. U111i an agreement is made in writing or Applicable Law requires interest to be paid on such Miscellaneous
<br />Proceeds, Lender shalt not be required to pay Borrower any interest or earnings on such Miscellaneous Proceeds. If the
<br />restoration of repair is not ecomamic:rly feasible or Lender's security would be lessened, file Miscellaneous Proceeds shall he
<br />m
<br />applied to the sus secured by tins Securty Instrument, whether or not then due, with the excess, if any, paid W Borrower.
<br />Such Miscellaneous Proceeds shall be applied in the order provided for in Section 2.
<br />In We event of a total taking, destruction, or Ins, its value of the Property, the Mar ellaaeum Proceeds shall be applied
<br />to the sums secured by this Security Instrument, whether or nut. Wen due, with the excess, if any, paid to Borrower.
<br />NEBRASKA — Single Family Fannie Mael Freddie Mac UNIFORM INSTRUMENT n 3028 it
<br />aunkonSvs...1 -1a_ er Clout, MN FOim Mn 1 OF a /P /IDW over 4af9yoRrrlL' I —
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