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200213313
<br />7. Preservation, Maintenance and Protection of the Property; Inspections. Become, shall not destroy, damage or
<br />impair the Property, allow the Property m deteriorate or coming 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 m Section 5 that repair or restoration is not economically feasible,
<br />Borrower shall promptly repair the Property if damaged to avoid fuller deterioration or damage. If insurance or
<br />condemnation proceeds are pail in connection with damage to, or the taking of, the Property, Borrower shall be responsible for
<br />repairing or restoring the Property only if Leader 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 restoratioa.
<br />Leader or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause,
<br />Lender may inspect the interior of the improvements on the Property. 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 />misleading, or inaccurate information or statements m Lender (or failed to provide Lender with material information) in
<br />connection with the Loan. Material representations include, but are not limited to, representations concerning Borrower's
<br />occupancy of the Property as Borrower's principal residence.
<br />9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. If (a) Borrower fails
<br />to perform the covenants and agreements contained in this Security Instrument, (b) 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 (e) Borrower has abandoned the Property, then Lender mny do and pay for
<br />whatever is reasonable or appropriate m protect Lender's interest in the Property and rights under this Seenrity Imstmment,
<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 signs secured by a lien which has priority over this Security lastmment; (b)
<br />appearing to court; and (c) paying reasonable attorneys' fees to protect its interest to the Property and /or rights under this
<br />Security Instrument, including its secured position in a bankruptcy proceeding. Scouring the Property includes, but is not
<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 Lender
<br />may take action under this Section 9, Lender does not have to do so and is not under any duly or obligation to do so. It is
<br />agreed that Leader 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 became 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 Leader to Borrower requesting payment.
<br />If this Security instrument is on a leasehold, Borrower shall comply with all the provisions of the lease. If Borrower
<br />acquires fee title to the Property, the leasehold and the fee title shall not merge unless Leader 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 requited m maintain the Mortgage Insurance in effect. If, for my reason, the Mortgage Insurance coverage
<br />required by Lender ceases m be available from the mortgage insurer that previously provided such insurance and Borrower was
<br />required m retake separately desigoaed 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, al a cost
<br />substantially equivalent [o the cost to Borrower oC the Mortgage insurance previously ins effect, ftom an alternate mortgage
<br />insurer selected by Lender if substantially equivalent Mortgage Insumnco; coverage is not available, Borrower shall romtinue to
<br />pay to Lender the amount of the ecpara[ely designated payments that were due when the insurance coverage ceased m be in
<br />effect. Lender will accept, use and retain these payments as a mu- refundable Lose reserve ins lieu of Mortgage Insu[xvice. Such
<br />Iws reserve shall be non- refundable, w[wilhe[anding the fact that the Loau is ultimately paid in Cul4 and Lcnde[ shall not be
<br />required W pay Borrower a� interest or earnings on such loss reserve. Lender can no longer engine foss reserve payments if
<br />Mortgage becomes avice coverage (in the amount and for the period [hat Lender requires) provided by an toaster selected by Lender
<br />agate becomes available, is obW Mortgage and Lender requires separately designated payments toward the premiuuc for Mortgage
<br />Insurance. if Lender required Mortgage Insurance as a condition of staking the Loan and Borrower was required to make
<br />separately designated payments toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required make to
<br />maintain Mortgage Insurance in effect, or to provide a non - refundable loss reserve, until Lender's requirement for Mortgage
<br />Insurance ends in accordance with any written agreement between Borrower and Lender providing for such termination ntil
<br />or u
<br />termination is required by Applicable Law. Nothing in this Section 10 affects Borrower's obligation m pay interest at the rate
<br />provided in the Note.
<br />Mortgage Insurance reimburses Lender (or any entity that purchases the Note) for certain losses it may incur if
<br />Borrower does not repay the Loan as agreed. Borrower is not a parry 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
<br />agreements with other parties that share or modify their risk, or reduce losses. These agreements are on terms and conditions
<br />that are satisfactory to the mortgage income and the other party (or parties) to these agreements. These agreeements may require
<br />the mortgage insurer m make payments using any source of funds that the mortgage insurer may have available (which may
<br />include funds obtained from Mortgage Insurance precious).
<br />As a result of these agreements, Lender, any pu¢hacer of the Note, another insurer, any reinsures, any other entity, or
<br />any affiliate of any of the foregoing, may receive (dUcedy 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 [hat an affiliate of Lender takes a share of insurer's risk in exchange for a
<br />share of the premiums paid to the insurer, the arrangement ie often termed "captive reinsurance." Further
<br />(a) Any such ally.. to no not affect the amounts that Borrower has agreed to pay for Mortgage ]assurance, or
<br />any her terms of the L. Such agreements will not hncrease the amount Borrower will owe for Mortgage Insurance,
<br />and they will not entitle Borrower t.1 any refund Any such agreements will not affect the rights Borrower has - -if any- -with respect to the Mortgage Insurance
<br />under the Homeowners Protection Act of 1998 or any 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 Lender's 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 series of progress payments as the work is
<br />completed. Untcss 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 interest or earnings on such Miscellaneous Proceeds. If the
<br />restoration or repair is not economically feasible or Lenders security would be lessened, the Miscellaneous Proceeds shall be
<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 2.
<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.
<br />NEBRASKA — Single Family— Fannie MasiFreddie Mac UNIFORM INSTRUMENT F.urn)l 1/01
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