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200312073
<br />Lender or its agent may make reasonable entries upon and inspections of the Property. It it has reasonable cause, Lender may
<br />inspect the interior of the improvements on the Property. Lender shall give Borrower notice at the time of or prior to such an interior
<br />inspection specifying such reasonable cause.
<br />8. Borrower's Loan Application. Borrower shall bo in default M, during the Loan application process, Borrower or any
<br />persons or entRies acting at the dlreclion of Borrower or with Borrowers knowledge or consent gave materially false, misleading, or
<br />Inaccurate information or statements to Lender for failed to provide Lender with material information) in connection with the Loan.
<br />Material representations Include, but are not limited to, representations concerning Borrowers occupancy of the Property as
<br />Borrower's principal residence.
<br />9. Protection of Lender's Interest in the Pro a and Rights Under this Security Instrument. If (a) BorrowE
<br />b there is ale al roceecling that might
<br />tails to pedonn the covenants and agreements contained pin t is Security Instrument, O 9 P h
<br />significantly affect Lender's interest in a Property and/or rights under this Security instrument (such as a proceeding in ankrupicy,
<br />robale, for cmndemnatlon or tdailure, for nforcement of a lien which may attain priority over this Security Instrument or to enforce
<br />Paws or regulations), or (c) Bo ewer has abandoned the Property, then Lender may do and pay far whatever is reasonable or
<br />appropriate to protect Lender's interest in the Property and nghis under this Security Instrument, including protecting and/or
<br />assrssing the value o the Property, and securing and/or repairing the Property., Lender's actions can include, but are not limited to
<br />tat ravine env sums secured b a lien which has riority over this Security Instrument; (b) appearing in coon; and (c) paying
<br />Y .P __ _- ._ ....... ,l c_ "', incb'FinIs t. includina As secured
<br />po5'ion in a bankruptcy proceeding. oe—TIFIa ,,,_ ter– ^t'w or
<br />change locks, replace or board up doors and windows, rein water from pipes, eliminate building or other code vier Ions no
<br />dangerous conditions, and have utililios turned on or off. Although Lender may lake action under this Section 9, Lender does not
<br />have to do so and is not under any duty or obligation to do so. It is agreed that Lender incurs no liability for not taking any or all
<br />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 Security
<br />Instrument. These amounts shall bear interest at the Note rate from the dale of disbursement and shall be payable, with such interest,
<br />upon notice from Lender to Borrower requesting payment .
<br />title t this Security Instrument is on a
<br />the las ehold and the tee fills sh
<br />all not merge unless L with ander agrees the mergerlinawritin Borrower acquires tee
<br />10. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan, Borrower shall pay
<br />the premiums required to maintain the Mortgage Insurance in at sot. If, for any reason, the Mortgage Insurance coverage required by
<br />Lender ceases to be available from the mortgage insurer that previously provided such insurance and Borrower was required to make
<br />separately designated payments toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to obtain
<br />coverage substantially equivalent to the Mort gage Insurance previously in effect, at a cost substantially equivalent to the cost to
<br />Borrower of the Mortgage Insurance previously in effect, from an alternate mortgage insurer selected by Lentler. If substantially
<br />equivalent Mortgage Insurance coverage Is not available, Borrower shall continue to pay to Lender the amount of the e separately
<br />designated payments that wore due when the insurance coverage ceased to be in effect. Lender will accept,
<br />payments as a non - refundable Toss reserve In lieu of Mortgage Insurance. Such loss reserve shall be non- retuntlabla,
<br />notwithstanding the tad that the Loan is ultimately paid in full, and Lender shell not be required to pay Borrower any interest or
<br />. amount
<br />earnings on such Ions reserve_ Lender can no longer require loss reserve payments if Mortgage Insuance cos obtain tl, and Lander
<br />end for the period that Lender requires) provided by an insurer selected 6y Lender again hecomas available,
<br />requires separately designated payments towartl the premiums for Mortgage Insurance. If Lender required Mortgage Insurance as a
<br />tend %ion of making the Loan and Borrower was required to make separately designated payments toward the premiums for
<br />Mortgage Insurance, Borrower shall pay the premiums required to memtam Mortgage Insurance in effect, or to provide a
<br />non - refundable loss reserve, untppil the Lenders requirement far Mortgage Insurance ends in accordance with any written agreement
<br />Section 10 of ectsrBorrowers orbligation to paysnterest at the rate pmvidedr nitheiNdle. required by Applicable Law. Nothing in this
<br />Mongage Insurance reimburses Lender (or soy entity that purchases the Note) for certain losses it may tricot A Borrower does
<br />not repay the Loan as agreed. Borrower a not a pony to the Mortgage Insurance.
<br />ants with
<br />Mortgage insurers evaluate their total risk on all such insurance in force from time to time, and may enter into agreem
<br />other parties that share or modify their risk, or reduce losses. These agreements are on terms and cand'Itions that are satisfactory to
<br />the mongage Insurer and the other party (or parties) to these agreements. These agroements may require the mortgage insurer to
<br />make payments using any source of funds that the mortgage insurer may have available (which may include funds obtained from
<br />Mortgage Insurance premiums).
<br />As a result of these agreements, Lender, any purchaser of the Note, another insurer, any coinsurer, any other entity, or any
<br />affiliate of any of the forepoing, may receive (directly or indirectly) amounts that derive from (or might be characterized as ) a portion
<br />of Borrower's payments for Monggage Insurance, in exchange for sharing or modifying the mortgage insurers risk, or reducing
<br />lasses. If such agreement provide; that an affiliate of Lender takes a share of the insurer's risk in exchange for a share of the
<br />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
<br />Insurance, or any other terms of the Loan. Such agreements will not Increase the amount Borrower will owe for
<br />Mortgage Insurance, and they will not entitle Borrower to any refund.
<br />(b) Any such agreements will not affect the rights Borrower has - If any - with respect to the Mortgage
<br />Insurance under the Homeowners Protection Act of 1998 or any other law. These rights may Include the right to
<br />receive certain disclosures, to request and obtain cancellation of the Mortgage Insurance, to have the Mortgage
<br />Insurance terminated automatically, and /or to receive a refund of any Mortgage Insurance premiums that were
<br />unearned at the time of such cancellation or termination.
<br />11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby assigned to and
<br />shall 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, Lender
<br />shall have the right to hold such Mlscelianeous Proceeds until Lender has had an opportunity to inspect such Property to ensure the
<br />work has been completed to Lenders satisfaction, provided that such inspection shall be undertaken promptly. Lender may pay for
<br />the repairs and restoration in a single disbursement or in a series of pro gress payments as the work is completed. Unless an
<br />agreement is made In writing or Applicable Law requires interest to be paid on such Miscellaneous Proceeds, Lender shall not be
<br />required to pay Borrower any interest or earnings on such Miscellaneous Proceeds If the restoration or repair is not economically
<br />feasible or Lender's security would be lessened, the Miscellaneous Proceeds shall be applied to the sums secured by this Security
<br />Instrument, whether or not then due, with the excess, 0 any, paid to Borrower. Such Miscellaneous Proceeds shall be appliod in the
<br />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 he applied to the
<br />sums secured by this Security Instrument, whether or not then due, with the excess, If any, paid to Borrower.
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<br />NEBRARRA-FIFbpla Family -FMlnb McNmtlde MaC UNIFORM INSTRUMENT Fem, 3028IN1 {pp <d ] ggn)
<br />xVF NE COT O1N1 P09
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