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200908321 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or impair the Property, allow the Property to deteriorate or corrunit waste on the Property. Whether or not Borrower is residing in the Property, Borrower shall ntaintaiu the Property in order to prevent the Property from. deteriorating or decreasing iu value due to its condition. Unless it is deternincd pursuant to Sectiotl 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in connection with danxage to, or the taking of, the Property, Borrower shall be responsible for repairing or restoring the Property only if Lender has released proceeds for such purposes. I.,ender txtay disburse proceeds for the repairs and restoration iii a single payment or in a series of progress payments as the work is completed. if dte insurance or condemnation proceeds arc not. sufficient. to repair or restore the Property, Borrower is not relieved of Borrower's obligation for the completion of such repair or restoration. Lender or its agent may make reasonable entries upon and iuspectioias of the Property. If it has reasonable cause, Lender zxtay inspect the interior of the itxtprovenaeuts on the Property. bender shall give Borrower notice at the time of or prior to such au interior inspectioia specifying such reasonable cause. 8. Borrower's Loan Application. Borrower shall. be iu default if, during the Loan application process, Borrower or any persons or entities acting at the direction of Borrower or with Borrower's kttowledge or consent gave materially false, misleading, or iiaaccurate infortuation or statements to i,ender (or failed to provide Louder with material information) in connection with the Loan. Material representations include, but are not limited 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 tails to perform the covenants and agreements contained iu this Security Iustrutnent, (h) there is a legal proceeding that naiglxt significantly affect Lender's interest in the Property and/or rights under this Security Instrument (such as a proceeding in bankruptcy, probate, for condetaanatiou or forfeiture, for euforcenaent of a lien which may attain priority over this Security Instruzneut or to enforco laws or regulations), or (c) Borrower has abandoned the Property, then I-ender may do atad pay for whatever is reaaouablc or appropriate to protect bender's iutcrest in the Property and rights under this Security Instrurneut, including protecting and/or assessing the value of the Property, and securing and/or repairing the Property. Lender's actions can include, but. are not limited to: (a) paying a.ny sums secured by a lien which has priority over this Security Instrument; (b) appearing in court; and (c) paying reasonable attorneys' fees to protect its interest in the Property and/or rights under this Security Instrument, including its secured position in a bankruptcy proceeding. Securing the I'ropcrty 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 building or other code violations or dangerous conditions, and have utilities turned ott or off. Although Leader may take action under this Sect.iotx 9, Lender does not have to do so and is not under any duty or obligation to do so. It is agreed that Lender incurs uo liability for not taking any or all actions authorized under t}xis Section 9. Any amounts disbursed by Lender under this Section) shall becortae additional debt of Borrower secured by this Security Instrument. These amounts shall bear interest at the Note rate froth the date of disbursetxxeut and shall be payable, with such interest, upon notice from Louder to Borrower requesting paytneut. If this Security Iust.rument 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 Louder agrees to the merger iu writing. 10. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan, Borrower shall pay the prerrtiums required to maintain the Mortgage Insurance in effect. If, for any reason, the Mortgage Insurance coverage required by Lender ceases to be available frotxt the mortgage insurer that. previously provided such insurance attd Borrower was required to make separately designated payments toward the prezaaiuarts for Mortgage Iusurancc, Borrower shall pay the premiums required to obtain coverage substantially equivalent to the Mortgage Iusurancc previously in effect, at a cost. substantially equivalent to the cost to Borrower of the Mortgage Insurance previously in effect, from au alternate mortgage insurer selected by Lender. If substantially equivalent Mortgage Insurance coverage is not available, Borrower shall continue to pay to I.,ender the atnouttt of the separately designated payments that were due when the insurance coverage ceased to be in effect.. Lender will accept, use and retain these payments as anon.-refundable loss reserve iu lieu of Mortgage Iusurauce. Such loss reserve shall be non-refundable, notwithstanding the fact that the Loan is ultittxatcly paid in full, and Louder shall not be required to pay Borrower any interest or earnings ou such loss reserve. Lender can uo longer require loss reserve paynacnts if Mortgage Iusurauce coverage (tn the amount and for the period that. Lender requires) provided by a.n insurer selected by Leader again becomes available, is obtained, and bender requires separately designated payments toward the premiums for Mortgage Insurance. If Louder required Mortgage Iusurauce as a condition of tnaktng the Luau and Borrower was required to make separately designated paynteuts toward the premiums For Mortgage Insurance, Borrower shall pay the prenxiuzns required to maintain Mortgage Insuratacc in effect, or to provide anon-refundable loss reserve, until L.ender's requirement for Mortgage lnsurance ends in accordance with any written agreement between Borrower and Lender providing for such terittination or until termination is required by Applicable Law. Nothing iu 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 Loan as agreed. Borrower is not a party w the Mortgage Insurance. Mortgage insurers evaluate their total risk on all such insurance in force frotxa time to time, and may cuter into agreenaeuts with other parties that share or modify their risk, or reduce losses. These agreements are on terns and conditions that are satisfactory to the mortgage insurer atxd the other party (or parties) to these agreements. These agreements may require the mortgage insurer to make payments using any source of funds that the mortgage insurer may have available (which it~ay include funds obtained from Mortgage Insurance pretniuuas). As a result of these agreeztaents, Louder, any purchaser of the Note, another insurer, any reinsurer, any other entity, or any affiliate of any of the foregoing, znay receive (directly or indirectly) amounts that derive from (or might be characterized as) a portion of Borrower's payments for Mortgage Iusurauce, in exchange for sharing or modifying the mortgage insurer's risk, or reducing losses. If such agreement provides that au affiliate of bender takes a share of insurer's risk. in exchange 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 Insurance, 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 Protection 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 Mortgago 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. If the Property is datxaaged, such Miscellaneous Proceeds shall be applied to restoration or repair of the Property, if the restoration or repair is economically feasible and Lender's security is not lessened. During suclx repair and restoration period, Lender shall have the right to hold such Miscellaneous Proceeds until Lender has had an opportunity w inspect such Property to ensure the work has been completed to bender'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 L,aw requires iutcrest to be paid ota such 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 feasible or Lender's security would be lessened, the Miscellaneous Proceeds shall be applied to the sums securod by this Security lustrument, whether or not thou due, with the excess, if any, paid to Borrower. Such Miscellaneous Proceeds shall be applied in the order provided 1'or in Section 2. In the event of a total taking, destruction, or loss iia value of the Property, the Miscellaneous Proceeds shall be applied to the sums securod by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 7101 i~ Bankers Systems, Inc., St. Cloud, MN Form MD~ 1-NE 8!17!2000 (page 8 of 7pages)