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<br />LOAB I. 8250190803
<br />deterlotation Of damage, If insurance Of condemnation proceeds are paid in connection with damage to, or the taking
<br />of, the Property, Borrower shall be responsible for repairing or restoring the Property only if lender has released
<br />proceeds for suell purposes. Lender may disbul'M proceeds for the repan and restoration in a single payment or in
<br />a series of progrells payments as the wodc: is completed. If lI1e insurance or condemnation proceeds are not sulficient
<br />to repair or restore the Property, Borrower Is not reIlewd of Borrowef's obIIga1lon for the completion or such repair or
<br />restoration.
<br />lender or Its agent may make reasonable entries upon and inspecllons of the Property. If it has reaaonable cause,
<br />lender may inspect the interior of the improvements on the Property. lender shaH give Borrower notice at the time of
<br />or prior to such an intefior inspection specifying such reasonable cause.
<br />8. 8omJwer'aloan Appllcallon. ElomJWer shal be in default if, during the Loan application process, Borrower
<br />or any persons or entities acting at the direction of Borrower or with BoI1'ower's knowledge or consent gave materilllly
<br />false, misleading, or inaecurateInfonnatlon or statements to lender (orfailed to provide Lender with material information)
<br />in connection with the Loan. Material representations include, but are notllml1ed to, representations conc:eming
<br />Borrower's occupancy of the Property as BoITower's principal residElOO9.
<br />t. p~ of l.8nder'a IntwMl In ... PfoperIy and Rlghta Undw thIa Securt1y lnatnlment. If ea} Borrower
<br />fails to perform the covenants and agreements contained in this Security Instrument, eb) there is a legal proceeding that
<br />might slgnllleantly affect lender's intenlst in the Property and/or rights under this SeetIrIty Instrument (such as a
<br />proceeding in bankruptcy, probate, for condemnation orforfeilure, for enforcement of a lien which may attain priority
<br />overthis Security Instrument orto enforce laws or regulations), or (c) Borrower has abandoned the Property, then lender
<br />may do and pay for whatever is reasonable or appropriate to protect lender's interest in the Property and rights under
<br />this Securtty Instrument, including protecting and/or assessing the value of the Property, and securing and/or repairing
<br />the Property. Lender'$ ac1ion$ can include, but are notlimiu.d 10: (a) paying ;!\f\Y$um$ $ecured by a lien which hl'1$ priority
<br />over this Sec:urity Instrument; (b) appearing in court; and (c) paying reasonable attorneys' fees to protect Its interest In
<br />the Property and/or rights under this Sea.Jrity Instrument, including itS secured position in a bankruptcy proceeding.
<br />Securlng ltle Property includes, but is not limited to, entering ltle Property to make repairs, change locks, repla<< or
<br />board up doors and windows, dfain water from pipes, eliminate building or other code violations or dangerous
<br />conditions, and haYe utilities turned on or off. Although Lender may lake action under this Section 9, Lender does not
<br />have 10 do so and is not under any duty or obligation to do so. It is agreed that Lender incurs no liability for not taking
<br />any or an 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 sh811 bear interest at the Note rate from the date of disbursement and shaH be
<br />payabh;J, with such intwRSt, upon notico from l.8nder 10 Borrowllr raquRSting payment.
<br />"this Security Instrument Is on a leasehold, Borrower shall complywlth aH the provisions of the lease. BorrowershaU
<br />not surrender the leasehold estateand interests herein conveyed or terrninate or cancel the ground lease. Borrowershan
<br />not, without the express written consent of lender. atrer or amend the ground lease. If Borrower acquires fee title to the
<br />Property, the leasehokl 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 shaU
<br />pay the premiums required 10 maintain the Mortgage Insurance in effect If, for any reason, the Mortgage Insurance
<br />collel'llge reqund by Lender~ to be available from the mortgage lnsurerthat previously provided such insurance
<br />and Borrower was required to make separately designated payments toward the premiums for Mortgage Insurance,
<br />Borrower shall pay the premiums required to obtain coverage substantially equivalent to the Mortgage Insurance
<br />previously in effect, at a cost substanlially equivalent to the oostto Borrower of the Mortgage Insurance previously in
<br />effect, from an alternate mortgage insurer selected by lender. If substantially equivalent Mortgage Insurance coverage
<br />is not available, Borrower shan continue tD pay to Lender the amount of the separately designated payments that were
<br />due when the Insurance coverage ceased to be in effect. lender will accept, use and retain these payments as a no~
<br />refundable loss reserve In lieu or Mortgage Insurance. Such loss reservt'! shaU be non-refundable, notwithstanding the
<br />tact that the Loan is ultimately paid In full, and Lender shall not be required to pay Borrower any interest or earnings on
<br />such loss reserve, Lender Oftn no longer require loss reserve payments if Mortgage Insurance coverage (in the amount
<br />and forthe period thatl.ender requirM) provided byan Insu,.rslillecWd by lender again becomM available, is obtained.
<br />and Lender requires separately designated payments toward the premiums for Mortgage Insurance. If lender required
<br />Mortgage Insurance as a condllon of making the Loan and Borrower was required to make separately designated
<br />payments toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to maintain
<br />Mortgage Insurance in effect, or to provide a non-refundable loss reserve, until Lender's requirement for Mortgage
<br />insurance ends in aooordancewith anywritlm1 agreemant between Borrower and Lender providing for such termination
<br />or until termination is required by Applicable Law. Nothing in this Section 10 affects Borrower's obligation to pay interest
<br />at the rate prol.1ded in the Note.
<br />Mortgage Insurance relmbur.IM 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 party to the Mortgage Insurance,
<br />Mortgage Insurers evaluate their 10taI risk on aH such insurance in force from time to time, and may enter into
<br />agreements with other parties !hat share or modify their risk, or reduce losses. These agreements are on terms and
<br />conditions that are satisfactory to the mortgage insurer and the other party (or p4lr1les) to these agreements. These
<br />agreements may require the mortgage insurer tD make payments using any source of funds that the mortgage insurer
<br />may have available (Which may Include fUnds obtained from Mortgage Insurance premiums).
<br />As a result of these agreements, Lender, any purchaser of the note, another insurer, any reinsurer, any other entity,
<br />or amllate ofany ofll1e foregoing, may receive (direeUy 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
<br />inSUref'S risk, or reducing losses. If $uch agreement provided that an affiliate of lender takes a share of the insurer's
<br />risk in exchange for a share of the premiums paid to the insurer, the arrangement is often termed "captive reinsurance. .
<br />Further:
<br />(8) Any 8UCh ag..-nenta will not affec11he amounts that BolTOWer hu agrwed to pay for Mortgage
<br />1_, or any otherwnna of the Loan. Such ag....menta will not Inc:reqe the amount Bonower will owe for
<br />Mortgage Insurance, and they will not entitle Borrower to any refund.
<br />(b) Any euch ......"..,.. will not atr.ct 1M rights BotTo_ has - If any - with ...8f*t to
<br />In8Uf'8nce under the Homeownera p~ Ad of 11lt8 or any other law. Thea8 rlghta may Incl..
<br />lnitiab.
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<br />NEBRASKA-SIngle Famly--hmko ilIM/Freddle MIlo UNIFORM lHllTRUMEHT
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