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2009o45os
<br />deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that repair or
<br />restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further
<br />deterioration or damage. If insurance or condemnation proceeds are paid in connection with damage to, or the taking
<br />of, the Property, Borrower shall bt responsible far repairing or restoring the Property only if Lender has released
<br />proceeds for s~u:h purposes. Lender may disburse proceeds far the repairs and restoration in a single payment or in a series
<br />of progress payments as the work is completed. If the insurance or condemnation proceeds are not sufficient to repair or
<br />restart the Property, Borrower is not relieved of Borrower's obligation far 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 reasonable
<br />cause, Lender may inspect the interior of the improvements an the Property. Lender shall give Borrower notice at
<br />the time of or prior to such an interior inspection specifying such reasonable cause.
<br />S. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process,
<br />Borrower or any persons or entities acting at the direction of Borrower or with Borrower's knowledge or consent
<br />gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender
<br />with material information) in connection with the Loan. Material representations include, but are not limited to,
<br />representations concerning Borrower's occupancy of the Property as Borrower's principal residence.
<br />9. Protection oT Lender's Interest in the Property and Rights Under this Security Instrument.If (a)
<br />Borrower fails to perform the covenants and agreements contained in this Security Instrument, (b) there is a legal
<br />proceeding that might significantly affect Lender's interest in the Property and/or rights under this Security
<br />Instrument (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for enforcement of a lien
<br />which may attain priority aver this Security Instrument or to enforce laws or regulations), ar (c) Harrower has
<br />abandoned the Property, then Lender may do and pay far whatever is reasonable or appropriate to protect Ltndtr's
<br />interest in the Property and rights under this Security Instrument, including protecting and/or assessing the value of
<br />the Property, and securing and/ar repairing the Property. Lender's actions can include, but art not limited ta: (a)
<br />paying any sums secured by a lien which has priority over this Security Instrument; (b) appearing in court; and (c)
<br />paying reasonable attomtys' fees to protect its interest in the Property and/or rights under this Security Instrument,
<br />including its secured position in a bankruptcy proceeding. Securing the Property includes, but is not limited to,
<br />entering the Praptriy to make repairs, change locks, replace or board up doors and windows, drain water from pipes,
<br />eliminate building or other code violations or dangerous conditions, and have utilities turned on or off. Although
<br />Lender may take action under this Section 9, Lender does not have to da so and is not under any duty or obligation
<br />to do so. It is agreed that Lender incurs no liability far not taking any or all actions authorized under this Section 9.
<br />Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower secured by
<br />this Security Instrument. Thtst amounts shall bear interest at the Note rate from the date of disbursement and shall
<br />be payable, with such interest, upon notice from Lender to Borrower requesting payment.
<br />If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease. If
<br />Borrower acquires fit title to the Properly, the leasehold and the fee title shall not merge unless Lender agrees to the
<br />merger in writing. Harrower shall not surrender the leasehold estate and interests herein conveyed or terminate ar cancel
<br />the ground least. Harrower shall not, without the express written consent of Lender, alter or amtud the ground least.
<br />Ill. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan,
<br />Borrower shall pay the premiums required to maintain the Mortgage Insurance in effect. lf, for any reason, the
<br />Mortgage Insurance coverage required by Lender ceases to be available from the mortgage insurer that previously
<br />provided such insurance and Borrower was required to make separately designated payments toward the premiums
<br />for Mortgage Insurance, Borrower shall pay the premiums required to obtain coverage substantially equivalent to the
<br />Mortgage Insurance previously in effect, at a cast substantially equivalent to the cost to Borrower of the Mortgage
<br />Insurance previously in effect, from an alternate mortgage insurer selected by Lender. If substantially equivalent
<br />Mortgage Insurance 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 ceased to be in effect. Lender will accept, use and
<br />retain these payments as anon-refundable loss reserve in lieu of Mortgage Insurance. Such loss reserve shall be non-
<br />refundable, notwithstanding the fact that the Loan is ultimately paid in full, and Lender shall not be required to pay
<br />Borrower any interest or earnings on such loss reserve. Lender can na longer require loss reserve payments if
<br />Mortgage Insurance coverage (in the amount and far the period that Linder requires) provided by an insurer selected
<br />by Lender again becomes available, is obtained, and Lender requires separately designated payments toward the
<br />premiums for Mortgage Insurance. If Ltndtr required Mortgage Insurance as a condition of making the Loan and
<br />NEBRASKA--Single Family--Fannie Mae/F~'eddie Mac UNIFpRM INSTRUMENT Form 3028 I/01 (page 7 of 14 pages)
<br />GV2Q23.HP
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