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200903764 Lender or Its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender shall give Borrower notioe at the time of or prior to such an interior inspection specifying such reasonable cause. 8. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, Borrower or any persons or entities acting at the alrectlon of Borrower or with Borrower's knowledge or consent gave materially false, misleading, or Inaccurate information or statements to Lender (or failed to provide Lender with material information) in connection with the Loan. Material representations Include, but are not Irmlted to, representations concerning Borrower's occupancy of the Property as Borrower's principal residence. 9. Protection of Lender's Interest In the Property and Rights Under this Security Instrument If (a) Borrower fails to perform the covenants and agreements contained In tl1;s Security Instrument, (b) there is a legal prooeedlng that might significantly affect Lender's Interest in the Property and/or rights under this Security Instrument (such as a prooeedlng In bankruptcy, probate, for condemnation or forfeiturehfor enforoement of a lien which may attain priority over this Security Instrument or to enforce laws or regulations), or (c) Borrower as abandoned the Property, then Lender may do and pay for Whatever is reasonable or appropriate to protect Lender's Interest in the Property and rights under this Security Instrument including protecting and/or assessing the value of the Property, and seouring andlor repairing the Property. Lender's actions can {nclude, but are not limited to: (a) paying any sums secured by a lien which has pr10rttY over this Security Instrument; (b) appearing In court; and (c) paying reasonable attomeyt:l' fees to. protect its interest in the Properly and/or rights under this Security Instrument, including its secured position in a bankruptcy proceeding. Securing the Property includes, but is not limited to, entering the Property to make repairs, Change locks, replace or board up' doors and windows, drain water from pipes, eliminate buildintj or other code violations or dangerous conditions, and have utilities turned on or off. Although Lender may take action under thIS Section 9, Lender does not have to do so and Is not under any duty or obligation to do so. It Is agreed that Lender inours no liability for not taking any or all actions authorized under this Section 9. Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower secured b;t this Security Instrument. These amounts shall bear interest at the Note rate from the date of disbursement and shall be payable, WIth such interest, upon notioe from Lender to Borrower requesting payment. If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease. If Borrower acquires fee title to the Property, the leasehold and the fee title shall not merge unless Lender agrees to the merger in writing. 10. Mortgage Insurance. If Landerrequired Mortgage Insurance as a condition of making the Loan, Borrower shall pay the premiums required to maintain the Mortgage Insurance In effect. If, for any reason, the Mortgage Insurance coverage required by Lander ceases to be available from the mortgage insurer that previOUSly provided such insurance and Borrower was required to make separately designated payments toward the premiums for Mortgage Insuranoe, Borrower shall pay the (Jremiums required to obtain coverage substantially equivalent to the MortQaQe Insuranoe previously in effect, at a oost substantially equivalent to the cost to Borrower of the Mortgage Insurance previously In effect, from an altemate mortgage insurer selected by Lender. If substantially equivalent Mortgage Insurance coverage is not available, Borrower shall continue to pay to Lender the amount of the separately designated payments that were due when the insurance coverage ceased to be in effect. Lender will aoceptl use and retaIn these payments as a non-refundable loss reserve in lieu of Mortgage Insurance. Such loss reserve shall be non-refundable, notwithstanding the fact that the Loan is ultimately paid in full, and Lender shall not be required to pay Borrower any interest or eamings on such loss reserve. Lender can no longer reqUire loss reserve payments if Mortgage Insurance coverage (in the amount and for the period that Lender requires) provided by an Insurer selected by Lender again becomes available, Is obtained, and Lander requires separately designated payments toward tne premiums for Mortgage Insurance. If Lender required Mortgagelnsuranoe as a condition of making the Loan and Borrower was required to make separately designated payments toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to maintain Mortgage Insurance In effect, or to provide a non-refundable loss reserve, until thelander's requirement for Mortgage Insuranoe ends in accordanoe with any written agreement between Borrower and Lender providing for such termination or until termination is required by Applicable law. Nothing in this Section 10 affects Borrower's obligation to pay interest at the rate provided in the Note. Mortgage Insurance reimburses Lender (or any entity that purchases the Note) for certain losses it may incur If Borrower does not repay the LDan as agreed. Borrower 1s not a party to the Mortgage Insurance. MortQage Insurers evaluate their total risk on all such insurance in torce from time to time, and may enter into agreements with other partIes that share or modify their risk, or reduce losses. These agreements are on terms and conditions that are satisfactory to the mortgage insurer and the otner party (or parties) to these agreements. These agreements may require the mortgage insurer to make payments using any souroe of funds that the mortgage insurer may have available (which may include funds obtained from Mortgage Insurance premiums). As a result of these agreements, Lender, any purchaser of the Note, another Insurer any reinsurer, any other entity, or any affiliate of any of the foregoing, may receive (directlY or Indirectly) amounts that derive from (or might be characterized as ) a portion of Borrower's payments lor Mortgage Insurancel In exchange for sharing or modifying the mortgage insurer's risk, or reduoing losses. If such agreement provides that an affiliate of Lender takes a share of tha insurer's risk in exohange for a share of the premiums paid to the insurer, the arrangement Is often termed "captive reinsurance." Further: (a) Any such agreements will not affect the amounts that Borrower has agreed to pay for Mortgage Insurance. or any other terms of the Loan. Such agreements will not Increase the amount Borrower will owe for Mortgage Inauranc8, and they will not entitle Borrower to any refund. (b) Any such agreements will not affect the rights Borrower has. If any. with respect to the Mortgage Insurance under the Homeowners Proteotion Act of 1998 or any other law. These rights may include the right to receive certain dIsclosures, to request and obtain cancellation of the Mortgage Insurance, to have the Mortgage Insurance terminated automatically, and/or to receIve a refund of any Mortgage Insurance premiums that were unearned at the time of such cancellation or termination. 11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby assigned to and shall be paid to Lender. !f- ~h~-Property is damaged, such Miscellaneous Proceeds shall be applied_to restoration or repair of the Property, if the restoration or repair lseconom1cal!y feasible and Lender's security is not lessened. During suoh repair and restoration period, Lender shall have the right to hold such MIscellaneous Proceeds until Lender has had an opportunity to Inspect such Property to ensure the work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may pay for the repairs and restoration in a single disbursement or In a series of progress payments as the work IS completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on suoh Miscellaneous Proceeds. Lender shall not be required to pay Borrower any Interest or earnings on such Miscellaneous Proceeds. If the restoration or repaIr is not economically teasible or Lender's security would be lessened, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, w~h the excess, if any, paid to Borrower. Such Misoelli!l11eous Proceeds shall be applied In the order provided for in Section 2. In the event 01 a total taklng, destruction, or loss in value 01 the Property, the Miscellaneous Prooeeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, If any, paid to Borrower. NESRASKA-Singl.. _'Y-fttnn'" MllfI(Fnoddl. Mec UNIFORM INSTRUMENT 3028 NE DOT 01101 PG4 Form 3D2a 1/ll1 (peg.. 4 ef 7 pe,ges)