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201049334
<br />are applica6le to the coverage of the Property. Lender may use the insurance procccds eitl�er to repair or resture the
<br />Pruperty ur to pay amounts unpaid under the Note or this Securiry instrument, whether or not then due.
<br />6. Occupancy. Borrower shall uccupy, establish, and use the Nroperty as Borrowcr's principal residence
<br />within GO days after the execution of this Security Instrument and shal I continue to occupy the Property as Borrower' s
<br />principal residence f'or at least one year afler the date nf occupancy, unless I..ender otherwise agrccs in writing, which
<br />consent shall not be unreasonahly withheld, or unless extenuating circumstances exist which are beyond Borrower's
<br />contrpl.
<br />7. Preservation, Maintenance and Protectivn of the Property; Inspections. Burrnwer shail nnt destroy,
<br />damage or impair the Property, allow the Property to deteriorate or commit waste on the Prnperty. Whether or not
<br />I3orrower is residing in the Property, Borrower shall maintain the Property in order tn prevent ihe Property from
<br />deteriorating or decraasing in value due to its condition. iJnless it is determined pursuant to Scction 5 that repair or
<br />restoration is nut economically feasible, Bnrrower shall promptly repair thc Property if' damaged to avoid Further
<br />deterioratinn or dama�e. If insurance or condemnation proceeds arc paid in connection with damage tv, or the taking
<br />of, [he 1'roperty, $orrower shall be responsihle fnr repairing or res[oring the Ptuperfy only if Lender has released
<br />proceeds for such purpnses. Lender may disburse proceeds for the rcpairs and restoration in a single payment or in
<br />a series oPprogress payments as the wnrk is compieted. Ifthe insut'ancc or condemnation proceeds are not sufficient
<br />to repair vr res[ore the Property, Borrnwer is not relieved of Borrower's obligation for the completion of such repair
<br />or restoratinn.
<br />Lender ur its agent may make reasonable entries upon and inspections of the Proper[y. If it has reasunable cause,
<br />Lender may inspect [he interinr nf the imprqvements on the Property. Lender shall give Borrower notice at the time
<br />of or prior to such an interior inspection specifying such reasnnable cause.
<br />R. Borrnwer's I.uan Application. 13orrower shall be in default if', during the Lnan application process,
<br />i3nrrower or any persons or entities acting at the direction of Burrower ur with Borrower' s knowledge nr cnnsent gavc
<br />materially I'alse, misleading, or inaccurate information or statements [o Lender (or I'ailed tn prnvide I.ender with
<br />n�aterial infa'mation) in connection with the Loan. Material representations include, but are not limited tu,
<br />representatinns concernin� 13orrnwer's occupancy of thc Property as Burrower's principal residence.
<br />9. Pro[ectinn of I.ender's Interest in the Property and Rights C!nder this Security Instrument. If (a)
<br />13orrn�ver fai15 2n perfnrm [hc covenants and agreements contained in this Security Instrwiient, (h) there is a Icgal
<br />prnceeding that might signiticantly affect Lender's in[erest in the Property and/or ri�hts under this tiecurity Instrument
<br />(such as a prnceeding in hankivptcy, prnbate, for condemnatiun or forfeicure, for enfnrcement of a lien which may
<br />attain prinrity nver this Security Instrument or to enforce laws ur re�ululions), or (c) Borrower has ahandoned thc
<br />I'roperty, thcn I.ender may do and pay fnr �vhatcvcr is reasonable or a�ppropriate m prntect I.ender's interest in [hc
<br />I'roperty ;�nd rights under this Security Insrrument, including protecting and/nr assessin�; the valuc of the Property,
<br />and seciu ing and/or repairing the Pruperty. Lender's actinns can include, but are nut limited to: (a) paying any sum5
<br />secured by a licn w}�ich has priurity uver this Security Insn umenc; (b) appe3rin� in cuurt; and (c) paying reasonable
<br />attorneys' I'ees lo protect its interest in the Prnperty and/or righ[s undcr this Security Instrument, including its secured
<br />positinn in a bankruptcy prnceeding. Securing the Propetty includes, but is not limited to, entering the Prnperty to
<br />make repairs, change locks, rcplace or board up douis ancl windnws, drain water from pipes, eliminate building or
<br />u�hcr cudc viul:jCions ur dangeruus cunditiuns, and have utilities tw ned on nr off. Although Lcnder may take action
<br />i.indcr this Scctinn 9, Lcndcr docs nut ha��e tu do su �md is not under any duty or obligation to do so. It is agreed that
<br />Lcnder incurs nu liability fur nut taking any or all actinns authorizcd undcr �his Scctiun 9.
<br />Any amounts disbursed by Lender uncler thia Section 9 shall hecome additional debt of 13orro�ver secured by this
<br />Securitv Inslrument. These amounts shall hear interest at the Notc rate from the dale uf clisbursement and shall he
<br />payable, with such interest, upon no[ice 17om Lender tn 13nrrnwer requcstinb paymenl.
<br />If this Security Instrument is on a leasehold, (3nrrowcr shall comply wilh all the provisions of [he lease.
<br />E3urruwer sh211 not sutrender the leasehold estate and interests hcrcin conveycd ur terminate ur cancel the ground lease.
<br />13orrowcr shall not, without thc express written consent of I.ender, altcr or arricnd Ihc ground lease. If Borrower
<br />acquires ti�e titic tu the Property, the leasehold and the fee title shall not mcrge imless Lender agrees tu the merger
<br />in writing.
<br />10. Mortgage Insuranee. 1I' Lender required Mnrtgage [nsurance as a cundition uf making the Lnan, l3nrro�ver
<br />shall pary the premiums reyuired to maintain the Mort�agc Insurance in effecL If, fur any reason, the Mort�age
<br />Insurance coverage required hy Lender ceases tn be available fl'om the mortgage in5urer that previc�usly provided such
<br />insurance and Aorruwer was reyuired to make separately designatcd payments tuward the premiums for Mortgage
<br />Insurance, Borrower shalt pay the premiums required to obtain coverage substantially eyuivalent to the Mvrtgagc
<br />Insurance previously in effect, at a cost substantially equivalent [o [he cust to Burrower of the Mortgage Cnsurance
<br />previously in cY'fect, fYom an alternate murtgage insurer selected by Lender. If substantially equivalent Mortga�e
<br />Insurance covcrage is nut avail�ible, Borrower shall cnntinue to pay to Lcnder the amuimt of the separately designated
<br />payments that were due when the insurance cuverage ceased to bc in effect. Lender will accept, use and retain these
<br />payments as a non-refundahle loas reserve in lieu of Mortgage Insurance. Such loss reserve shall he nnn-refundaUle,
<br />notwithstanding [he fact that the I.oan is ultimately paid in full, and Lender shall not he required tn pay 13orrower any
<br />interest rn earnings on such loss reserve. I�ender can no lunger require I<�ss reserve payment,e if Mortgage lnsurance
<br />cnverage (in the amnunt and for the period that Lender reyuires) provided by an insurer selected by Lender again
<br />becomcs availahle, is obtained, and Lender requires separately designated payments toward the premiums for
<br />Murtgage Insurance. If' Lender required Mortgage ]nsurance as a condition of making the Luan and Borruwer was
<br />rcquircd to make scparatcly designated payments tuward the premiums for Mortgage Insurance, Borrower shall pay
<br />the premiums required ro maintain Mortgage Insurance in effect, or to provide a non-refundable loss reserve, unti�
<br />I..cndcr's rcquircmcnt for Mortgage Insurance ends in accordance with any writtcn agrecmcnt between Borrower and
<br />NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT OacMaqic�( eoo-aaaasez
<br />Form 3028 1/D1 Page 5 of 11 www.docmagic.com
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