|
�olua���i
<br />451014387
<br />for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which cansent shall not be
<br />unreasonably withheld, or unless extenuating circumstances exist which are beyond Barrower's control.
<br />7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or
<br />impair the Property, allow the Property to deteriarate or commit wasCe on the Property. Whechex or not Borrower is residing in
<br />the Property, Barrower shall maintain the Property in order to prevent the Property from deteriorating or decreasing in value
<br />due to its condition. Unless it is determined pursuant to Section 5 that 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 condemnation
<br />proceeds are paid in cannection with damage to, or the taking of, the Property, Borrower shall be responsible for repairing or
<br />restoring the Property only if Lender has released proceeds for such purposes. Lender may disburse proceeds For the repairs
<br />and restoration in a single payment or in a series of pra�ress payments as the work is completed. If the insurance or
<br />condemnation proceeds are not sufficient to repair or restore the Properiy, Borrower is not relieved of �3orrower's obli�atian for
<br />the completion of such repair or restoration.
<br />I.,ender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause,
<br />�.ender may inspect the interior of the improvements on the Property. Lender shall �ive Borrower notice at the time of or prior
<br />to such an interior inspection specifying such reasonable cause.
<br />8. Borrower's Lo�n Applieation. Borrower shall be in default if, during the Loan application process, Borrower or
<br />any persons or entities acting at the direction of Borrower ar with Borrower's knowledge or consent gave materially false,
<br />misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material information) in
<br />connection with the Loan. Material representations include, but are not limited to, representations concerning Borrower's
<br />accupancy of the Froperty as Borrower's principal residence.
<br />9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. If (a) Barrower
<br />fails to perform the covenants and agreements contained in this Security Instrument, (b) there is a legal proceeding that might
<br />significantly affect Lender's interest in the Froperty and/ar rights under this Security InsCrument (such as a proceeding in
<br />bankruptcy, probate, for condemnation or forfeiture, for enforcement of a lien which may attain priarity over this Security
<br />Instrument or to enforce laws or regulations), or (c) Borrower has abandoned the Property, then 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 the value of the Froperty, and securing and/or repairing the Property. Lender's actions can
<br />include, but are not limited to: (a) paying any sums secured by a lien which has priority over this Security Instrument; (b)
<br />app�aring in court; and (c) paying reasonable attorneys' fecs to protect its interest in the Property and/or ri�;hts under this
<br />Security Instrument, including its secured position in a bankruptcy proceeding. Securing the Property includes, but is not
<br />lirtaited to, entering the Property to make repairs, change locks, replace or board up doors and windows, drain water from pipes,
<br />eliminate building or other cade violations or dangerous conditions, and have utilities turned on or off. Althou�h Lender may
<br />take action under this Section 9, Lender does not have to do so and is not under any duty or abligation to do so. Tt is agreed that
<br />Lender incurs no liability for not taking any or all actions authorized under this Section 9.
<br />Any amounts disbursed by Lendcr under this Section 9 shall become additional debt of Borrower secured by this
<br />Security Instrument. These amounts shall bear interest at the Note rate from the date of disbursement and shall be payable, with
<br />such interest, upon notice from I,ender to Borrower requesting payment.
<br />If this Security Instrument is on a leasehold, Borrower shall comply with all the 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 written consent of Lender, alter or amend the ground lease. If $orrower acquires fee title ta the
<br />Property, the leasehold and the fee title shall not merge unless Lender agrees to the merger in writing.
<br />l0. Mortgage Insurance. Tf Lender required Mortgage Insurance as a condition of making the Loan, Borrower shall
<br />pay the premiums required to maintain the Mortgage Insurance in effect. Tf, for any reason, the Mortgage Insurance coverage
<br />required 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, Borrower shall pay the
<br />premiums required ta obtain coverage substantially equivalent to the Mortgage Insurance previously in cffect, at a cost
<br />substantially equivalent to the cost to Borrower of the Mortgage Insurance previously in effect, froan an alternate mortgage
<br />insurer selected by Lender. If substantially equivalent Mortgage Insurance coverage is not available, Borrower shall continue to
<br />pay to Lender the arnount af the separately designated payments that were due when the insurance coverage ceased to be in
<br />effect. Lender will accept, use and retain these payments as a non-refundable loss reserve in lieu of Mortgage Insurance. Such
<br />loss reserve shall be non-refundable, notwithstanding the fact that the Loan is ultimately paid in full, and Lender shall not be
<br />NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />�v 338.2 Page G of l2 Form 3028 1/01
<br />�
<br />���
<br />�
<br />
|