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<br />200707117
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<br />work is cumpleted. Unless an agreement is made in writing or Applicable Law requires interest to be paid on sneh insurance
<br />proceeAfs, Lender shall not be regnired 1.0 p"y Borrowcr any interest Or earnings on such proceeds, Fees for public adjusters_ 01"
<br />other third p,mies, retained by Borrower shall not be paid out of the insurance proceeds and shall be the sole obligation of
<br />Borrower. If the ",,[Orallon or repmr is not economically feasible or Lender's security would be lessened, the insurAnce
<br />proceeds shall be applie.d 10 the sums .ee11red hy Ihis Security Instrument, whether OJ' not Ihen due~ with the excess, if any, paid
<br />to Borrower. Such insurance proceeds shall be IIpplied in the order provided fur in Section 2.
<br />If BUIIUwer abandons the Property, Lender m"y file, negotiate and settle any available insurance elaim and relAted
<br />matters. If Borrower does not respond wilhin 30 days to a notice from Lender that the insurance carrier has offered to senle a
<br /><.:1"i1ll, then Lender may negotiate and settle tbe claim. The 30-day period will begin when the notice is given. In either evenl,
<br />or if Lem\"r a(;(!'lires the Property lindeI' Scction 22 or otherwilie, Burrower h"",by "ss.igIls tu Lender (a) Burrower's rights to
<br />any insnrance proceeds in an amount nol to exceed the amounts unpaid under the Note or this Security Instrnment, and
<br />(b) any other of Borrower's righls (olher than the right to any rcfund of unearned prcmiums paid by Borrower) nnder all
<br />insurance policies covering Ihe Property, insofar as such rights are applicablc 10 the covcrage of the Property. Lender may usc
<br />the insurallce proceeds either 10 repmr or restore the Property or to pay amounts unpaid under the Note or this Security
<br />Instrument, whcther or not then due.
<br />6. Occupancy. Borrower shan occupy, establish, and use the Propcrty AS Borrower's principal residence within 60
<br />days afler the execution of this Security Instrument and shall conlinue to occupy the Property lIS Borrower's principal residence
<br />for at least one ye,U' after the date of occupancy, nnless L<lnde< otherwise agrees in writing, which consent shall not be
<br />unreasonably withheld, or unless extenllatillg circumstauces exist which are beyond Borrower's control.
<br />7. Prellervation, MainteDllDce amI Protection of the Property; Inspections. Borrower shall not destroy, damage or
<br />impair the Property, allow tile Property to deteriorate or c01ll1nit Wllste On the Property. Whethcr or nol Borrower is residing in
<br />the Propetly, Borrower shall maintain the Prnperty in Older to prevent the Pwpcrty fnnrl detcriorating or docrOllsing in value
<br />due to its condition. Unless it is determined pursnanl 10 Section 5 that repair or restoration is not economically feasiblc,
<br />Borrower shall promptly repair the Property if damaged to avoid further deterioration or dRluage. If insurRlrce or condcmnation
<br />proceeds are paid in connection with damage to, or the taking of, the Property, Borrower shall be responsible furrepairing or
<br />restoring the Property only if Lender has released proceeds for such purposes. Lender may disburse pl'Oceerls for the repairs
<br />and restoratioll in a single payment or in a series of progress paymenL. as the work is completed. If the insurance or
<br />condemnatiun pmceeus arc not sufficient to repair or restore the Property, Borrower is not relieved of Borrower' s obligation
<br />for the eompletion of s\lch repair or restoration.
<br />Lender or ils agent IIlay make reasonable entries UPOll and inspections of the Property. If it has rcasonahle canSt;, Lender
<br />umy inspect the interior of the improvements on the Prnpcrty. Lendcr shall give Borrower notice at the time of or prior to stich
<br />an interior inspection specifying such reMonable cause.
<br />8, 1I0rrower's Loan Application. Borruwer shall be in default if, during the LOllD application process, Borrower or
<br />allY persons or entities acting at the direction of Borrower or with Borrower's knowledge. or consent gave materially false,
<br />nusleading, or inaccurate information or statements to Lender (or faile.d to provide Lender with material information) in
<br />connection with the LOM. Material represenlations include, but are not limited to, represenh\lions conccming 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
<br />fails tt, perform the covellllllts "lId agreeUlents contained in this Security Ins!nlmenl, (b) thcre is a legal proceeding that Inight
<br />significantly affcet Lender's interest in the Propetly and/or rights under this Secu,ity Instlument (such as a procee.ding in
<br />bankruptcy, probatc, for condemnation or forfeilure, for enforcement of a lieu which may attain priority over this Security
<br />InSU11lnent or to enforce laws or regulations), nr (c) Borrower has abandoncd Ihc Property, then Lender may do "lHl pay fur
<br />whatever is reasonable or appropriate to protect Lender's interest in the Property and right. uader this Securily Instrument,
<br />including protecting and/or assessing the value of the Property, IInd sccuriug aud/or repairing the Property. Lender's actions
<br />can include, but are not limited to: (a) paying MY sums secured by a lien which has priority ow.( this Seculity lnstnllnellt;
<br />(b) appearing ill court; and (c) pnying reasonable attorneys' fees tu protecl its inlerest ill Ihe Property and/or righls under this
<br />Security Instrument, including its sceured position in a bankmptcy proceeding. Securing Ihe Property include., bllt. is not
<br />Ihnited to, entering the Property to make repairs, change locks, replacc or bOMd up doors and windows, drain water fl'Om pipes,
<br />eliminale building or other code violations or dangerous conditions, and have utilities turned on or off. Although Lender may
<br />take actiun under Uris Section 9, Lender uocs nol have to do so and is not under any duly or obligation to do so. It is agreed tlJat
<br />Lcader incur,; no liabilily for noltaking MY or all actions authorized under this Sectioa 9.
<br />luty amounls disbursed by Lender under t.bis Section 9 shall becOUlC additioua:l debt of Borrower secured by this Security
<br />Instrument. These amounts shall bear interest at the Note rate from the date of disbursement aud shall be payable, with such
<br />int.eresl, "pon notice [rom Lender to Borrower requesting payment.
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<br />NEBRASKA-Single Ftunity-Fnnnk MarlFrcddle Ma< UNll'ORM INS'tlWMENT
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<br />ITEM T269aLG (OOOB}-MERS
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<br />(Foge 6 of 12 pagOlI)
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<br />Form 3028 1101
<br />"~I':A Tl.ANo ~
<br />To Older CIll, 1.ooo.S'iH3l!:j Q fox 61a-7(11-1131
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