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2010U7384
<br />asxoi3�s9
<br />unreasonably withheld, or unless extenuating circumscances exist which are beyond Borrower's control.
<br />7, Prescrvation, Maintenance and Protection of thc Froperty; Inspections. Borrower shall not destroy, damage or
<br />impair the Property, allow the Property to deteriorate or commit waste on the Property. Whether or not Borrower is residing in
<br />the Property, Borrower shall maintain the Property in ord�r to prevent the Property from deteriorating or decreasing in value
<br />due to its condition. Unless it is determined pursuant ro Section 5 chat repair or restoration is not economically feasible,
<br />Borrower shall promptly repair the Property if damaged to avoid further deterioration or damage. if insurance or condemnatian
<br />proceeds are paid in connaction with damage to, or the taking of, the Property, Borrowar shall be responsible for repairing or
<br />restoring the Property only if [,ender has released proceeds for such purposes. Lender may disburse proceeds for the repairs
<br />and rastoration in a single payment or in a series of progress payments as the work is cornpleted. If the insurance or
<br />condemnation proceeds are not sufficient to repair or restore the Property, Borrower is not relieved of Borrower's obligation for
<br />the complation of such repair or restoration.
<br />Lender or its agent may make r�asonable entrics upon and inspections of the Property. If it has reasonable cause,
<br />Lender may inspect the interior of th� iinprovements on the Property. Lender shall give Borrower notice at the time of or prior
<br />to such an interior inspection specifyiug such reasonable cause.
<br />8. Borrower's Los�n Applicatiun. Borrower shall be in default if, during the Loan application process, Borrower or
<br />any persons or entities acting at the direction of Borrower or with Borrower's knowledge ar consent gave materially fals�,
<br />misleading, or inaccurate information or statem�nts to Lender (or failed to provida Lender with mat�rial information) in
<br />connection with the Loan. Mat�rial representations include, but are not limited to, representations concerning Borrower's
<br />occupancy of the Property as Borrower's principal residence.
<br />9. Protection of Lendcr's Interest in the Property and Rights Under this Sccurity Instru►nent, if (a) Borrower
<br />fails to perform the covenants and lgreements cantained in this Security Instrument, (b) there is 11ega1 proceeding th�►t might
<br />si�ni�cantly affect Lender's interest in the Property and/or rights under this Security instrument (such as a proceeding in
<br />bankruptcy, probate, for candemnation or forfeiture, for enfnrcement of a lien which may attain priority ovec this Security
<br />Tnstrument or to enforce laws or regulations), or (c) Borrower has abandoned the Property, then L�nder may do and pay for
<br />whatever is reasonable oc appropriate to protect Lender's interest in the Prop�rty and rights under this Security Instrument,
<br />including protectin�; and/or assessing the value of the Property, and securing and/or repairing the Property. Lender's actions can
<br />include, but are not limited to: (a) paying any sunls secur�d by a lien which has priority over this Security Instrument; (b)
<br />appearing in court; and (c) paying reasonable atcorn�ys' fees to protect its interest in the Property and/or rights under this
<br />Security lnstniment, including its secured position in a bankruptcy proceeding, Securing the Property includes, but is not
<br />limited to, entering ch� Praperty to make repairs, change locks, replaca 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 of£ Although Lender iiiay
<br />take action under this Section 9, I,ender do�s not have to do so and is not under any duty or obligation to do so. it is agreed that
<br />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 this
<br />Security Instrument. These amounts shall bear interest at the Nota 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 Instrument is on a leasehold, Borrower shall comply with all thc provisions of the lease. Borrower
<br />shall not surrender the leasehold estate and interests herein conveyed or terminate or cancel the ground lease. Borrower shall
<br />not, without the express writt�n consent of I�ender, alter or amend the ground laase. Tf Borrower acquires fea title to the
<br />Property, the leasehold and th� fee title shall not merge unless Lender agrees to the merger in writing.
<br />10. Mortgage Insurancc. If Lender required Mort�age insurance as a condition of makin� the Loan, Borrower shall
<br />pay the premiums required to maintain the Mortgage Insurance in effect. If, for any reasan, the Moctgage Insurance coverage
<br />required by Lender ceases to be available frorn the mart�;age insurer that previously provided such insurance and Borrower was
<br />required to make separately designated payments toward the premiums for Mort�age Insurance, Borrower shall pay the
<br />premiums required to obtain coverage substantially equivalent to the Mortgage Insurance previously in effect, at a cost
<br />substantially equivalent to the cost to Borrower of the Mortgage Insurance previously in effect, from an alternate mortgage
<br />insurer selected by �ender, lf substantially equivalent Mortga�e Insurance coverage is not available, Borrower shall continue to
<br />pay to Lender che amount of the separately designat�d payments that were due when tha insurance coverage ceased to be in
<br />effect. Lender will accept, use and retain these payments as a non-reh►ndable loss reserve in licu of Mort�age insurance. Such
<br />loss res�rv� shall be non-refundable, notwithstandin� the fact that the Loan is ultimately paid in full, and Lender shall not be
<br />required to pay Borrower any interest or earnings on such loss reserve. Lender can no langer require loss reserve payments if
<br />NEBRASKA--Sin�;le �amily--Fam�ie Mae/Freddie Mac UNIM'OKM INSTRUMENT
<br />� 338.2 Page ( of 12 H'orm 3028 1/Ol
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