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2oiao9594
<br />1111D56644
<br />7. Preservation, Maintenance and Protection of the Property; 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 thc 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 cconomically f'easible,
<br />Borrower shall promptly repair the Property if damaged to avoid furthcr deterioration or damage. If insurance ar condemnation
<br />proceeds are paid in connection with damage to, or the taking of, the Property, Borrower shall be responsible for repairing or
<br />restarin� the Property only if Lender has released proceeds for such purposes. Lender may disburse proceeds for ihe repairs
<br />and restoration in a single payment or in a series af progress payments as the work is completed. If thc insurance ar
<br />condemnation proceeds are not sufficient to repair or restore the Aroperty, Borrower is not relieved of Borrowcr's obligation far
<br />the completion of such repair or restoration.
<br />Lender or its agcnt may makc reasonable entries upon and inspections of the Property. lf it has reasonable cause,
<br />Lendcr may inspect the interior of the improvements on the Property. Lender shall give Barrower notice at the time oC or prior
<br />to such an inCerior inspection spacifying such reasonable cause.
<br />S. Borrower's Loan Application. Borrower shall be in de£ault if, during the Loan application pracess, Borrower or
<br />any persons or entities actin� at the direction of $orrower or 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 limitcd to, representations concerning Borrower's
<br />occupancy of the Property as $orrower's principal residence.
<br />9. Protection of Lender's Interest in the Aroperty and Rights Under this Security Instrument. If (a) Bonower
<br />fails to perforn� the covcnants and agreements contained in this Security Instrument, (b) there is a legal proceeding that mi�ht
<br />significantly affect I,ender's interest in the Property and/or rights under this Security Tnstrument (such as a proceeding in
<br />bankruptcy, probate, f'ar condemnatian or forfeiture, for enforcement af a lien which may attain priority over this Sccurity
<br />Instrument or to enforce laws or regulations), or (c) Borrower has abandoned the Property, then Lcnder may do and pay for
<br />whatever is reasonable or appropriate to protect Lender's interest in the Property and rights under this Security lnstrument,
<br />including protecting and/or assessing the value of the Property, and securing and/or repairing the Praperty. Lender's actions can
<br />include, but are not limited to: (a) paying any sums sec;ur�d by a lien which has priarity over this Security Instrument; (b)
<br />appearing in court; and (c) paying reasonable attorneys' fees to protect its int�rest in thc Property and/or rights under this
<br />Security lnstrument, including its secured position in a bankruptcy proceeding, Securing the Property includcs, but is not
<br />limited to, enterin� the Property to make repairs, change locks, replace or board up doors and windows, drain water from pipe5,
<br />eliminate building or other code violations or dangerous conditions, and have utilities turned on or ofC Although Lender may
<br />take action under this Section 9, Lender does not havc to do so and is not under any duty or obligation ta do so. It is agreed that
<br />Lender incurs no liability for not taking any or all actions authorized undcr this 5ection 9.
<br />Any amaunts disbursed by I,ender under this Section 9 shall beconae additional debt of Borrower secured by this
<br />Security Instrument. These amounts shall bear interest at the Note rate from thc date of disbursement and shall ba payable, with
<br />such interest, upon notice from Lender to Borrower requesting payment.
<br />Tf this Security Instrument is on a leasehold, Barrower 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 lcasc. Borrower shall
<br />not, without the express written consent of Lender, alter or amend the ground lease. If Borrower acquires fee title to the
<br />Property, thc leasehold and the fee title shall not merga unless Lender a�rees to the merger in writing.
<br />10. Mortgage Insurance. If Lender required Mort�age Insurance as a condition af making the I.oan, �orrowe:r shall
<br />pay the premiums required to maintain the Mortgage Tnsurance in effect. If, for any reason, the Mortgage lnsurance coverage
<br />required by �,ender ceases to be available from the mortgage insurer that previously provided such insurance and Borrower was
<br />required to make separately desi�;nated payments toward the premiums for Mortgage Insurance, Borrower shall pay the
<br />premiums required to obtain coveragc substantially equivalent to the Mort�age Insurance previously in efCect, at a cost
<br />substantially �quivalent to the cost to Borrawer of the Mortgage Insurance previausly in effect, from an altcrnate mortgage
<br />insurer selected by Lender. If substantially equivalcnt Mortgage insurance coverage is not available, Borrower shall continue to
<br />pay to Lender the amount of ihe separately designated payments that wcre due when the insurance coverage c�ase:d 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 />lass reserve shall be non-refundable, notwithstanding the fact that the Loan is ultimately paid in full, and Lender shall not be
<br />requirad to pay Borrower any interest pr earnings on such loss reserve. Lender can no longer require loss reserve payments if
<br />Mortgage Insurance coverage (in che amount and for the period that Lender requires) provided by an insurer selected by Lender
<br />NEBRASKA--Single Family--�annie Mae/F'reddie Mac UNIFORM INSTRUMENT
<br />� 338.2 Page 6 of t2 Form 3028 I/01
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