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<br />200706393
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<br />Loan No; 070711007
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<br />Data ID; 271
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<br />7. I'reservatlon, Muintenance and P....tectlon of' the Property; Inspections. Borrower shall not
<br />destroy, damage Or impair the Property, allow the Property to deteriorate or commit waste on the
<br />Properly. Whether or not Borrow(.T is residing in the Property, Borrower shall maintain the Property
<br />in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless
<br />it is determined pursuant to Section 5 that repair or restoration is not economically feasible, Borrower
<br />shall promptly repair the Property if damaged to avoid further deterioration IH damage. If insurance
<br />or condemnation proceeds arc paid in eonncetion with damage to, or the taking of, the Property,
<br />Borrower shall be responsible for repairing or restoring the Properly only if Lender has released
<br />proceeds for such purposes. Lender may disburse proceeds for the repairs and restoration in a single
<br />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, Borrowcr is not relieved
<br />of Borrower's obligation 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
<br />reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender shall
<br />give Borrower notice at the time of or prior to such an interior inspection specifying such reasonable
<br />CHuse.
<br />8. Borrower's Loun Ap)Jllcalion. Borrower shall be in default if, during the Loan application
<br />process, Borrower or any persons or entities aeting at the direction of Borrower or with Borrower's
<br />knowledge or consent gave materially false, misleading, Or inaccurate information or statements to
<br />Lender (or failed to provide Lender with material information) in connection with the Loan. Material
<br />representations include, but are not limited to, representations concerning Borrower's occupancy of the
<br />Property as Borrower's principal residence.
<br />9. ('rotectlon of Lender's Interest in the ('roperty and nights Under this Security Instrument.
<br />If (a) Borrower fails to perform the covenants and agreements contained in this Security Instrument,
<br />(b) there is a legal proeee"ing that might significantly affect Lender's interest in the Property and/or
<br />rights under this Security Instrument (such as a proeee"ing in bankruptcy, probate, for con"emnation
<br />or forfeiture, for enforecment of a lien which may attain priority over this Security II1~trument or to
<br />enforce laws or regulations), or (c) Borrower has abandoned the Property, then Lender may do and pay
<br />for whatever is reasonable or appropriate to protect Lender's interest in the Property and rights under
<br />this Security I nstrument, including protecting and/or assessing the value of the Property, and securing
<br />and/or repairing the Property. Lender's actions can include, but arc not limited to; (a) paying any sums
<br />secured by a lien whi.eh has priority over this Security II1~trument; (b) appearing in court; <md
<br />(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 bankruptcy proceeding. Securing the Property
<br />inclu"es, but is not limite" to, entering the Property to make repairs, change locks, replace or boar"
<br />up "oors and windows, drain water from pipes, eliminate building Or other code violations or dangerous
<br />conditions, and have utilities tUfIled on or off. Although Lender may take <letion under this Section 9,
<br />Lender docs not have to do So and is not under any duty Or obligation to do so. It is agree" that
<br />Lender incurs no liability for not taking any or all actions authorized under this Section Y.
<br />Any amounts disbursed by Len"er under this Section Y shall become additional debt of Borrower
<br />secured by this Security Instrument. These amounts shall bear interest <It thc Note rale from the date
<br />of disbursement an" shall hc payable, with such interest, upon notice from Lender to Borrower
<br />re<juesting payment.
<br />If this Security Instrument is on a leasehold, Borrower shaH comply with all the provisions of the
<br />lease. If Borrower ae<juires fee tille to the Property, the leasehold and the fee title shall not merge
<br />unless Lender agrees to the merger in writing.
<br />to. Mortgage Insurance. If Lender required Mortgage Insumnce as a condition of making the
<br />Loan, Borrower shall pay the premiums re<juired to maintain the Mortgage tnsurance in effect. If, for
<br />any reason, the Mortg,lge Insurance coverage re<juired by Lender ceases to be available from the
<br />mortgage insurer that previously provided such insurance and Borrower was re<juired to make separately
<br />designated payments toward the premiums for Mortgage Insurance, Borrower shall pay the premiums
<br />re<juired to obtain eovemge substantially e<juivalent to the Mortgage Insurance previously in effect, at
<br />a cost substantially e<juivalent to the cost to Borrower of the Mortgage Insurance previously in effect,
<br />from an alternate mortgage insurer selected by Lender. If substantially e<juivalent Mortgage Insurance
<br />coverage is not available, Borrower shall continue to pay to Lender the amount of the separately
<br />designated payments that were due when the insurance coverage cease" to he in effect. Lender will
<br />accept, use and retain these payments as a non-refundable loss reserve in lieu of Mortgage Insurance.
<br />Such loss reServe shall be non-refundahle, notwithstanding the fact that the Loan is ultimately paid in
<br />full, an" Len"er shall not be re<juired to pay Borrower any interest or earnings on soeh loss reserve.
<br />Lender can no longer re<juire loss reserve payments if Mortgage Insurance coverage (in the amount and
<br />for the period that Lender requires) provided by an insurer seleete" by Lender again becomes available,
<br />is obtained, and Len"er re<juires separately designate" payments towar" the premiums for Mortgage
<br />Insurance. If Lender required Mortgage Insurance as a eon"ition of m<lking the Loan and Borrower
<br />was re<juired to make separately designated payments toward the premiums for Mortgage Insumnce,
<br />Borrower shall pay the premiums re<juired to maintain Mortgage Insurance in effect, or to provi"e a
<br />non-refundable loss reserve, until Lender's re<juirement for Mortgage Insurance ends in accordance with
<br />any written agreemcnt between Borrower and Lender providing for such termination or until
<br />termination is re<juired by Applicable Law. Nothing in this Section 10 <lffeets Borrower's obligation
<br />to pay interest <It the ratc provide" in the Note.
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<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />Form 3028 1/01 (Page 6 Df 11 Pages)
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<br />P+0070711 007+9407+06+11 +NECNVADT
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<br />RSl
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