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200211474
<br />7. Preservation, Maintenance and Protection of the Properly; Inspections. Borrower shall not destroy, damage or
<br />impair the Property, allow the Property to deteriorate or commit waste on the Property. Whether or not Borrower is residing in
<br />the Property, Borrower shall maintain the Property in 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 restoration is act economically feasible,
<br />Borrower shall promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or
<br />condemnation proceeds are paid in connection with damage to, or the taking of, the Property, Borrower shall be responsible for
<br />repairing or restoring the Property only if Lender has released proceeds for such purposes. Lender may disburse proceeds for
<br />the repairs and restoration in a single payment or in a series of progress payments as the work is completed. If the insurance or
<br />condemnation proceeds are not sufficient to repair or restore the Property, Borrower is not relieved of Borrower's obligation
<br />for the completion of such repair or restoration.
<br />Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause,
<br />Leader may inspect the interior of the improvements on the Properly. Lender shall give Borrower notice at the time of or prior
<br />to such an interior inspection specifying such reasonable cause.
<br />S. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, Borrower or
<br />any persons or entities acting at the direction of Borrower or with Borrower's knowledge or consent gave materially false,
<br />intoxicating, or inaccurate information or statements to Lender (or failed to provide Lender with material information) in
<br />connection with the Loan. Material representations include, but are act limited to, reprexemunions concerning Borrower's
<br />occupancy of the Property as Borrowers principal residence,
<br />9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. if (a) Borrower fails
<br />in perform the covenants and agreements contained in this Security Instrument, (h) there is a legal proceeding that might
<br />significantly affect Lender's interest in the Property and /or rights under this Security Instrument (such as a proceeding in
<br />bankruptcy, probate, for condemnation or forfeiture, for enforcement of a lien which may attain priority over this Security
<br />instrument or to enforce laws or regulations), or (c) Borrower has abandoned the Property, then Lender may do and pay for
<br />whatever is reaennahlc or appropriate to protect Leader's interest in the Property and rights under this Security Instrument,
<br />including protecting and /or assessing the value of the Property, and securing and/or repairing the Property. Lender's actions
<br />can include, but are not limited to: (a) paying any sumo secured by a lien which has priority over this Security Instrument; (b)
<br />appearing in court; and (c) paying reasonable attorneys' fees to protect its interest in the Property and /or rights under this
<br />Security Instrument, including its secured position in a hankruptcy proceeding. Securing the Property includes, but is out
<br />limited to, entering the Property to make repairs, change locks, replace or board up doors and windows, drain water from
<br />pipes, eliminate budding or other code violations or dangerous conditions, and have utilities turned on or off. Although Leader
<br />may take action under this Section 9, Lender does not have to do so and is not under any duty or obligation to do so. It is
<br />agreed that Lender incurs 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 secured by this
<br />Security Instrument These amounts shall bear interest at the Note rate from the date of disbursement and shall be payable, with
<br />such interest, upon notice from Lender to Borrower requesting payment.
<br />If this Security lnstrument is on a leasehold, Borrower shall comply with all the provisions of the lease. If Borrower
<br />acquires fee title to the Properly, 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 to maintain the Mortgage Insurance no effect. If, for any reason, the Mortgage Insurance coverage
<br />required by Lender ceases to be available from the mortgage insurer that previously provided such insurance and Borrower was
<br />required to make separately designated payments toward the premiums for Mortgage Insurance, Borrower shall pay the
<br />premiums required to obtain coverage substantially equivalent to the Mortgage Insurance previously in effect, at a cost
<br />substantially equivalent to the cost to Borrower of the ortgage Insurance previously in effect, from an alternate mortgage
<br />insurer selected by Lender. If substantially equivalent Mortgage Insurance coverage is not available, Burrower shall continue to
<br />pay to Lender the amount of the separately designated payments that were due when the insurance coverage ceased to be in
<br />effect. Lender will accept, use and retain these payments m a non-refundable loss reserve in lieu of Mortgage Insurance. Such
<br />fuss reserve shall be non - refundable, notwithstanding the fact that the Loan is ultimately paid in full, and Lender shall nut be
<br />required to pay Borrower any interest or earnings on such loss reserve. Lender can no longer require loss reserve payments if
<br />Mortgage Insurance coverage (in the =coal and for the period that Lender requires) provided by an insurer selected by Leader
<br />again becomes available, is obtained, and Lender requires separately designated payments toward the premiums for Mortgage
<br />Insurance. If Lender required Mortgage Insurance as a condition of making the Loan and Borrower was required to make
<br />separately designated payments toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to
<br />maintain Mortgage Insurance in effect, or to provide a tan- refundable loss reserve, until Leaders requirement for Mortgage
<br />Insurance ends in accordance with any written agreement between Burrower and Lender providing for such teruninalinn or until
<br />termination is required by Applicable Law. Nothing in this Section 10 affects Borrowers obligation no pay interest at the rare
<br />provided in the Note.
<br />Mortgage insurance reimburses Lender (or any cam, that purchases the Non:) for certain losses it may incur if
<br />Borrower does not repay the Lum as agreed. Borrower is not a patty to the Mortgage Insurance.
<br />Mortgage insurers evaluate their total risk on all such insurance in force from time to lime, and may enter into
<br />agreements with other parties that share or modify their risk, or reduce losses. These agreements are on beans and conditions
<br />that are satixfiewry to the mortgage insurer and the other party (or parties) to these agreements. These agreements may require
<br />the mortgage insurer to make payments rising any source of funds that the mortgage insurer may have available (which may
<br />include funds obtained form Mortgage Insurance premiums).
<br />As a result of these agreements, Leader, any purchaser of the Note, another insurer, any remoter, any 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 />as) a portion of Borrower's payments for Mortgage Insurance, in exchange for sharing or modifying the mortgage insurer's
<br />risk, or reducing losses. If such agreement provides that an affiliate of Leader takes a share of insurer's risk in exchange for a
<br />share of the 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 Insurance, or
<br />any other terms of the Loan. Such agreements will not increase the amomt Borrower will owe for Mortgage Insurance,
<br />and they will not entitle Borrower to any refund.
<br />BB Any such agreements will not affect the rights Borrower has - -if say —with respect to the Mortgage Insurance
<br />tinder the Homeowners Protection An of 1998 or nay other law. These rights may include the right to receive certain
<br />disclosures, to request and obtain cancellation of the Mortgage Insurance, to have the Mortgage Insurance terminated
<br />automatically, and /or to receive a refund of any Mortgage Insurance premiums that were unearned at the time of such
<br />cancellation or termination.
<br />11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby assigned to and shall
<br />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 Lender's security is not lessened. During such repair and restoration period,
<br />Lender shall have the right to hold such Miscellaneous Proceeds until Lender has had an opportunity to inspect such Property
<br />to ensure the work has been completed to Lenders satisfaction, provided that such inspection shall be undertaken promptly.
<br />Leader may pay for the repairs and restoration in a single disbursement or in a ,cries of progress payments as the work is
<br />completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such Miscellaneous
<br />Proceeds, Lender shall not be required to pay Borrower any intcrc,l or earnings on such Miscellaneous Proceeds. If the
<br />restoration Or repair is not economically feasible or Lender's security would be lessened, the Miscellaneous Proceeds shall he
<br />applied to the sums secured by this Security instrument, whether or not then due, with the excess, if any, paid to Borrower.
<br />Such Miscellaneous Proceeds shall be applied in the order provided for in Section 1
<br />In the event of a total taking, destruction, or loss in value of the Property, the Miscellaneous Proceeds shall be applied
<br />to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. Z
<br />NEBRASKA — Single Family— Fannie Mee /Freddie Mae UNIFORM INSTRUMENT I/1jm 3028
<br />Banker Syc(emz, Ine. Sc cloud MN Fo,m MPLNE 8111130. rW9r Y of %,s go
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