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200212218 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or impair the Property, allow the Property to deteriorate or commit waste on the Property. Whether or not Borrower is residing in the Property, Borrower shall maintain the Property in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in connection with damage to, or the taking of, the Property, Borrower shall be responsible for the repairs and Luring [the Property only if Lender has released proceeds for such purposes. Lender may disburse proceeds for Jnt n in a single payment or in a series of progress payments as the work is completed. If the insurance or condemnation proceeds are not sufficient to repair or restore the Property, Borrower is not relieved of Borrower's obligation for the completion of such repair or restoration Lender or its agent may make reasonable entries .upon and inspections of the Property. If it has reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender shall give Borrower notice at the time of or prior to such an interior inspection specifying such reasonable cause. S. Borrower's Loam Application. Borrower shall be in default if, during the Loan application process, Borrower or any persons or emities aging at the direction of Borrower or with Borrowers knowledge or consent gave materially false, misleading, or inaccurate information or statements to Leader (or failed to provide Lender with material information) in connection with the Loam Material representations include, but are not limited m, representation concerning Borrower's occupancy of the Property as Borrower's principal residence. 9. Protection of Lender's Interest in the Property mid Bights Under this Security Instrument. If (a) Borrower fails to perform the covenants and agreements contained in this Security Instrument, (b) there is a legal proceeding that might significantly affect Lender's interest in the Property and /or rights under this Security Instrument (such as a proceeding in bankruptcy, probate; for condemnation or forleitme 'for enfotccuumn of When which may amain priority over (his Security Instrument or to enforce laws or regulations), or (c) Borrower has abandoned the Property, then Leader may do and pay for whatever is reasonable or appropriate to protect Lender's interest in the Property and rights under this Security Imu mem, including protecting and /or assessing the value of the Property, and securing and/or repairing the Pro perty. Lender's actions can include., but but are not limited to: (a) paying any sums secured by a lien which has priority over this Security Imtrumem; (b) appwring court; and (c) paying reasonable attorneys' fees to protect its interest in the Property and /or rights under this Security Instrument, including its severed position in a bankruptcy proceeding. Securing the Property includes, but is not limited to, entering the Property [o make repairs, cha¢ge locks, replace or board up doors and windows, drain water from pipes, eliminate building or other code violation or dangerous conditions, and have utilities turned on or off. Although Leader may take action under this Section 9, Lender does wt have to do so and is not under any duty or obligation to do so. it is agreed [hat Leader incurs no liability for not taking any or all actions authorized under this Section 9. Any amounts disbursed by Lender under Nis Section 9 shall become additional debt of Borrower secured by this Secmtity Instrument. These amounts shall bear interest at me Now rate from the date of disbursement and shall be payable, with such interest, upon notice from Lender [o Borrower requesting payment. If this Security Ins[rutnent is on a leasehold, Borrower shall comply with all the provisions of the lease. If Borrower acquires fee time to me Property, the leasehold and the fee title shall not merge unless Lender agrees to the merger in writing. 10. Mortgage Insurmce. If Leader required Mortgage Insurance as a condition of making the Loan, Borrower shall pay the premiums required to maintain the Mortgage Insurance in effect. If, for any reason, the Mortgage Insurance coverage required by Lender ceases m be available from the mortgage insurer that previously provided such insurance and Borrower was required m make separately designled payments toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required m obtain coverage substantially equivalent to the Mortgage Insurance previously in effect, at a cost substantially equivalent m the cost m Borrower of Ne Mortgage Insurance previously in effect, from an alternate mortgage insurer selected by Lender. If substantially equivalent Mortgage Insurance coverage is m[ avaiable, Borrower shall continue to pay to Lender the amount of me separately designated payments that were due when the insurance coverage ceased to be in effect Lender will accept, use and retain these payments as anon- cePondable loss reserve in lieu of Mortgage Insurance. Such loss reserve shall he non- mfundable, notwithstanding the fact [ha[ the Loan is ultimately paid in full, and Lender shall no( be required N pay Hottowet a� interest or earnings -on such loss reserve. Lender can no longer require loss reserve payments if Mortgage Insmance coverage (in the amount and for me period [hat Lender requires) provided by an insurer selected by Lender again nceomes available, is obtained, and Leader requires separaely designated payments [award Ne premiums for Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making Ne Loan and Borrower was required to make separately designated payments toward the premiums for Mortgage Inumnce, Borrower shall pay the premiums required make maintain Mortgage Insurance in effect, or to provide a non - refundable loss reserve, until Lender's requirement for Mortgage to Insurance ends in accordance with any written agreement between Borrower and Lender providing for such [errniva[ion or gate provided in h required by Applicable law. Nothing in this Section 10 affects ➢orrower's obligation to pay interest at the rate provided in the thole. Mortgage Insurance reimburses Lender (or any cmity that purchases the Note) for certain losses it may incur if Borrower does not repay the Loan as agreed. Borrower is not a party to the Mortgage Insurance. Mortgage insurers evaluate their total risk on all such insurance in force from time to time, and may enter into agreements with other patsies Nat share or modify their risk, or reduce losses. These agreements are on terms and conditions Nat are satisfactory to the mortgage insurer and the other party (or parties) m these agreements. These agreements may require the in sourer [a make payments using any source of tootle that the mortgage insurer may have available (which may include funds obtained from Mortgage Inumnce premiums). As a result of these agreements, Lender, any purchas er of the Note, another insurer, any coinsurer, any other entity, or any affiliate of any of the foregoing, may receive (directly or indirectly) amounts that derive from (or might be characterized as) a portion of Borrowers payments far Mortgage Insurance, in exchange for sharing or modifying the mortgage insurers risk, or reducing losses. It such agreement provides that an affiliate of Lender takes a share of insurer's risk in exchange for a much share of th e premiums paid to me insurer, me armttgemem is often termed "captive reinsurance. Further. Yd rather terms otheLoan. SucL agreements twig on t increnae the Borrower a h B rroewertwJl owerfor MortggagIn Insurance, or and they will not entitle Borrower to any refund. ofireff (b) Any Such agreements will not affect the rights Borrower has—if any —with respect to the Mortgage Insurance under the Homeowners Protection Act of 1998 or any other law. These rights may include the right to receive certain disclosures, to request and obtain cancellation of the Mortgage Insurance, to have the Mortgage Insurance terminated automatically, and /or to receive a refund of my Mortgage Insurance premiums that were unearned at the time of such cancellation or termination. 11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby assigned to and shall be paid to Lender. If the Property is damaged, such Miscelltaneon Proceeds shall be applied m restoration or repair of me Property, S me restormion or repair is economically feasible and Lender's security is m[ lessened. During such repair and restoration period, Lender shall have Ne right m hold such Miscellaneous Proceeds until Lender has had an opportunity N inspect such Property to enure the work has been completed [o Leader's satisfaction, provided that such inspection shall be undertaken promptly. Lender may pay for the repairs and re storation in a single disbursement or in a series of progress payments as the work is completed. Unless as agreement is made in writing or Applicable Law requires interest to be paid on such Miscellaneous Pro ceeds, Lender shall no[ be required N pay Borrower any interest or earnings on such Miscellaneous Proceeds. if the restoration or repair is or econo a ally feasible or Lender's security word be lessened, the Miscellaneous Proceeds shall be applied to th e sums secured by this Security Intrumfor whether or not then due, with the excess, if any, paid m Borrower. Such Miscellaneoms Pro ceeds shall be applied in the order provided for in Sermon 2. I¢ the event of a total baking, destmc[ion, or loss in balue of the Property, the Miscellaneous Proceeds shall be applied th th sums secured by this Security Inst. of, whether or not then due, with the excess. if anv nail m Borrower NEBRASKA— Single Family— Fannla Mae /Freddie Mac UNIFORM INSTRUMENT --n -o " . . . . . I sL elwE. MN I.—Mc., NE 6/19l]000 t Or 4 I7,,r i .joyn 30 28 1/01