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<br />7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not. destroy, damage or
<br />impair the T'ruper[y, allow the Property to deteriorate or commit waste on the Property. Whether or not. Borrower is residing iu
<br />the Property, Borrower shall maiut.ain the Property in order to prevent the Properly from deteriorating ur decreasing in value
<br />due t.o Its coudit.ion. Unless it is detertninud pursuant w Section 5 shat repair or restoration is ru>t economically fcasihlu,
<br />Borrower shall promptly repair the Troperty if damaged to avoid further deterioration or dintagc. if insurance or
<br />condemnation proceeds are paid iu alnnecliou wi1.h damage t.o, or the taking ul', the Properly, Borrower shall he responsible for
<br />repairing or restoring the Property Duly if Louder has released proceeds for such purposes. Louder may disburse proceeds for
<br />the repairs and restoration iu a single payment. or iu i series of progress payraauuts as the work is completed. if the iusurauce or
<br />condemnation proceeds are not. sufficient to repair or restore the Property, Borrower is not. relieved of Borrower's obligation
<br />for the completion of such repair or restoration.
<br />Lender or its agent may make reasonable entries upon and inspections of the Properly. if it. has reasonable cause,
<br />Lender may inspect the interior of the hnpmvements on the Property. Lender shall give Borrower notice at the lime of or prior
<br />to such an interior iuspecliou specifying such reasonable cause.
<br />$. Borrower's Loan Application. Borrower shall be in default. if, during the Loan application process, Borrower or
<br />any persons or entities acting iI. the direct.iou of Borrower or with I3orrowcr's knowledge or coiitient gave rni.t.eriilly false,
<br />misleading, or i[taccurate information or statements to Lender (or failed t.o provide Lender with material inforlnatian) in
<br />connection wish the Loan. Materiil representations include, but are col Luniled Lo, representations concerning 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 fails
<br />to perfor[n the covenants and agreements contained in ibis Security Instrument, (h) there is i legal proceeding that might
<br />significantly affect bender's interest. in the Properly and/or rights under this Security Insiruineut. (such as a proceeding in
<br />-bankruptcy, probate, fur condurrinatiun ur forfeiture, for euforcemeut. of a lien which snag attain priority over this Security
<br />Instrument or to enforce laws or regulations), or (c) .Borrower has abandoned the Property, rhea lender may do and pay for
<br />whatever is reasonable or appropriate to protect Lender's interest in the Property and rights under this Security Instrument,
<br />including protecting and/or assessing Cho value of the Property, and suturing and/or repairing the Property. Lender's ict.ious
<br />ci.u include, but. are not lunited to: (a) paying any sums secured by a lien which has priority over this Sucurily luslruinent; (b)
<br />appearing in court; and (c) paying reasonable attorneys' fees t.o proCect its interest in the PrapeRy iud/or rights under this
<br />Security Instrurrtent, including its secured position in a biukruplcy proceeding. Securing the Property includes, but is not
<br />Lunited lo, catering i.he Property to snake repairs, change locks, replace ar hoard up doors ind windows, drain wil.er from
<br />pipes, eluttinate building or other code violations or dangerous conditions, and have utilities turned on or off. Although Lender
<br />may take action. under Ibis Secliou ~, Louder does col. have to do so and is not under any duty or obligation to du so. It is
<br />agreed shat Leader incurs uo Liability for not. faking any or all actions authorized under this Section ~.
<br />Auy a[nount.s disbursed by Lender under this Section 9 shall become additional debt of Borrower secured by this
<br />Security Instrument. Thule a[nounts shall bear interest at the Note rate from the date of disbursement and shall be payable, with
<br />such interest, upon notice from Lender to Borrower requesting payment.
<br />if this Security luslriuneut is on i leasehold, Borrower shall comply with all the provisions of the lease. if Borrower
<br />acquires fee title to tiro T'ropcrty, the leasehold and the foe title shall not. merge unless Lender agrees to the merger in writing.
<br />10. Mortgage Insurance. If Lender required Mortgage Insurance as a coudilion of snaking the loan, Borrower shall
<br />pay the premiums reyuired to maintain the Mortgage insurance in effect. If, for any reason, the Mortgage Insurance coverage
<br />reyuired by Lender ceases to be available from the mortgage insurer that previously provided such insurance and Borrower was
<br />required to make separately designated payments toward the premiums for Mortgage Insurance, Torrower shall pay the
<br />premiums reyuired to obtain coverage substantially equivalent. to the Mortgage Insurance previously iu el`fect, at a cclst
<br />substantially equivalent to the cost to Borrower of the Mortgage Insurance previously in effect., from an alternate mortgage
<br />insurer selected by Louder. if substantially equivalent Mort.gi.ge Insurance coverage is not available, Borrower shall continue to
<br />pay t.o Lender the amount of the separately designated payments that were due when the insurance coverage ceased to be iu
<br />ell°ect. Lender will accept, use and retain these pxyments as anon-refundable loss reserve in lieu of Mortgage insurance. Such
<br />loss reserve shall be non-refundable, notwithstanding the fact that Cho Loan is ultimately paid in full, and Leader shall not be
<br />reyuired to pay Borrower any interest or earnings on such loss reserve. Lender can nu longer require loss reserve pxyments if
<br />Mortgage Insurance coverage (in the amount and for the period that Tender requires) provided by iu insurer selected by l.,cnder
<br />agail.~ bucorrtcs available, is obtained, atad i..,ender requires separatety designated payments toward the premiums for Mortgage
<br />Insurance. if Lender reyuired Mortgage lusura.nce as a coudit.ion of making the Loau and Burrower wis required to make
<br />separately designated payments toward the prclniu[ns for Mortgage Insurance, Borrower shall pay the prcrrtiutns reyuired to
<br />[naintain Mortgage Insurance in effect, or to provide anon-refundable loss reserve, until Lender's requirement for Mortgage
<br />insurance ends in accordance with any written igreemeul between Borrower and Lender providing for such termination or until
<br />lerminilion is required by Applica.bie Law. Nothing in this Section 10 affects Borrower's obligation to pay interest at the rxtu
<br />provided iu the Note.
<br />Mortgage iusurauce reiiiaburses i,ender (or any entity Thal purchases Cho Note) for certain losses it may incur if
<br />T~orrower does not. repay the Loau as agreed. Borrower is not i party t.o the Mortgage lusurance.
<br />Mortgage insurers evaluate their total risk ou all such iusurauce in force from tultu to time, and may enter into
<br />agtuerltents with other parties that share or modify their risk, or reduce losses. These agreements are on terms ind conditions
<br />that. are satisfactory to the mortgage insurer and the other party (or partr.es) to these igreemenls. 'These agrcurnents m.xy require
<br />the mortgage insurer to make payments using any source of :feuds that the mortgage insurer may have available (which may
<br />include funds obtained from IVlorlgige Insurance premiums).
<br />As a result of these agreements, Lender, any purchaser of the Nutu, another insurer, airy reiusurer, any other entity, ur
<br />any al'I'iliatc o1' any of the foregoing, rniy receive (directly or indirectly) amounts that derive frarit (ar might. be characCerized
<br />as) a porl.iou of Borrower's payments for Mortgage Insurance, in exchange for sharing or modifying the mortgage insurer's
<br />risk, or reduci.ug losses. If such agreement provides that an affiliate of Louder takes a share of insurer's risk in exchange for a
<br />share of the premiums paid to the insurer, the arrangement is often termed '"captive reinsurance." Further:
<br />(a) Any such agreements will not affect the amounts that Borrower has agreed to pay for Mortgage Insurance, or
<br />any other terms of the Loan. Such agreements will oat increase the amount Borrower will awe for Mortgage Insurance,
<br />and they will not entitle Borrower to any refund.
<br />(b) Any such agreements will not affect the rights Borrower has--if any--with respect to the Mortgage Insurance
<br />under the Homeowners Protection Act of 1998 or any other law. These rights may include the right to receive certain
<br />disclosures, to request and obtain cancellation of the Mortgage Insurance, to have the Mortgage Insurance terminated
<br />automatically, and/or to receive a refund of any Mortgage Insurance premiums that were unearned at the time of such
<br />cancellation or termination.
<br />11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby assigned to clad shall
<br />he paid to Lender.
<br />If the Prupurtyrs damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of the Property, if the
<br />restoration or repair is economically feasible and Lender's security is not lessened. ])using such repair iud restoration period,
<br />I_,ender shall have the right to hold such Miscellaucous Proceeds until I.,euder has had au opport.uuity to inspect such I'ropurty
<br />to ensure the work has been completed to Lender's satisfaction, provided that. such inspection shall be undertaken promptly.
<br />lender Inay pay for the repairs and restoration in a single disbursurnunt ur in a series of progress payments as the work is
<br />completed. Unless au agreement is made in writing or Applicable Law requires interest. to be paid on such Miscellaneous
<br />Proceeds, Lender shall not hu required to pay Borrower any iul.erest. or earnings on such Misccllanuuus Proceeds. If the
<br />restoration or repair is not economically feasible or Lender's security would be lessened, the Miscellaucous Proceeds shall be
<br />applied to the sums secured by this Security Instrument, whether ur not then due, with the excess, if any, paid to Torrower.
<br />Such Miscellaneous Proceeds shall be appliedrn the order provided for iu Section 2.
<br />in tlae event of i lolil liking, deslructiou, or loss iu value of the Property, tiro Miscellaneous Proceeds shall he applied
<br />to the surrts secured by this Security lnstriunent., whether or not then due, with the excess, if any, piid io Borrower.
<br />NEBRASKA--Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT _ Form 3028 1/07
<br />bankers Systems, Inc., St. Claud, MN Form MD-1-NE 8/17/2000 (ynge 4 of 7yages) L ~~T
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