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200805532 Loan #: 002005407224 Deed of Trust, continued If the Property is acquired by Us under Paragraph 14 of this Deed of Trust, all of Your right, tide and interest in and to any insurance policies, and in and to the proceeds thereof resulting from damage to the Property prior to the sale or acquisition, shall pass to Us to the extent of the SUl11S secured by this Deed of Trust immediately prior to such sale or acquisition. The provisions of this Paragraph 4 shall be subject to the provisions of Paragraph 5 if this Deed of Trust covers a unit in a condominium project or planned unit development 5. Preservation and Maintenance of Propertv; Condominiums and Planned Unit Developments. If this Deed of Trust is on a unit in a condominium or a planned unit development (herein "Condominium Project"), then: (a) You shall perform all of Your obligations uRler thcdeclaration or covenants creating or governing the Condominium Project, the by-laws and regulations of the Condominium Project, and all constituent documents (herein "Project Documents"), including the payment when due of assessments imposed by the homeowners association or other governing body of the C..ondominium Project (herein "Owner's Association'1; (b) You shall be deemed to have satisfied the insurance requirements under Paragraph 4 of this Deed of Trust if the Owner's Association maintains in full force and effect a "master" or "blanket" policy on the Condominium Project which provides insurance coverage against fire, hazards included within the term "extended coverage" and other such hazant.. (including flood insurance) as We may require, and in such amounts and for such periods as We may require naming Us as additional loss payee; (c) the pmvisioll'l of any Project Documents regan:ling the application of any insurance proceed.. from "master" or "blanket" policies covering the O)ndominium Project shall supersede the provisioffi of Paragraph 4 of this Deed of Trust to the extent necessary to avoid conflict between the provisioffi thereof and hereof; (d) You hereby assign to Us the right to receive di..tributions on account of the Property under "ma...ter" or "blanket" policies covering the Condominium Project to the extent not applied to the restoration or repair of the Property, with any such distributions in excess of the amount necessary to satisfy in full the obligations secured by this Deed of Trust being paid to You; (e) You shall give Us prompt written notice of any lapse in any insurance coverage under a "master" or ''blanket'' policy on the Condominium Project; and (f) You shall not, without Our prior written consent, consent to either (i) the abandonment or termination of the Condominium Project (except for the abamonment or termination provided by law in the ca..e of substantial destruction by fire or other casualty or in the case of a taking or condemnation or eminent domain), (ii) any material amendment to the Project Documents (including any change in the percentage interests of the unit OWDCrs in the C..ondominium Project), or (iii) the effectuation of any decision by the Owner's Association to terminate professiOnal management and assume self-management of the C..ondominium Project If the Property has rental units, You shall maintain insurance against rent loss in addition to the other hazards for which insurance is required herein. 6. Protection of Our Security. If You fail to perform Your obligations under this Deed of Trust, orif any action or proceedings adversely affects Our interest in the Property, We may, at Our option, take any action rell>onably DCCessary (including, without limitation, paying expenses and attorneys' fees and to have entry upon the Property to make repairs) to perform Your obligations or to protect Our interests. Any amounts disbursed by Us pursuant to this P~raph 6, with interest thereon at the variable rate described in the Agreement, shall become indebtedness secured by this Deed of Trust (except as expressly provided herein). Nothing contained in this ~raph 6 shall require Us to incur any expense or take any action hereunder. 7. Inspection. We or Our agents may enter and inspect the Property, after giving You reasonable prior notice. 8. Condemnation. The proceed.. of any awan) or claim for damages, direct or consequential, in connection with any condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned and shall be paid to Us. Neither Borrower nor You will be relieved of any obligation to make payments if We apply the awan) received to the outstanding balance owed. MB2533_2 Deed of Trust - Nebraska - 04/2007 Page 40f8 CitiMortgage3.2.15.16 V2