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2oiaoss74 <br />responsible for repairing or restoring the Property only if Lender has released proceeds for such purposes. <br />Lender may disburse proceeds for the repairs and restoration in a single payment or in a series nf progress <br />payments as the work is completed. If the insurance or condemnation proceeds are not sufficient to repair <br />or restore the Property, Borrower is not relieved of Borrower's obligation for the completion of such <br />repair or restaration. <br />Lender or its agent may make reasonable entries upan and inspections of the Property. lf it has reasonable <br />cause, Lender may inspect the interior of the improvements on the Prop�rty. Lender shall give Borrower <br />notice at the tirne of or prior to such an interior inspection specifying such reasonable cause. <br />8. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, <br />Borrower or any persons or entities acting at the direction of Borrower or with Borrower's knowledge <br />or consent gave materialty false, misleading, or inaccurate information or statements to Lender (or failed <br />to provide Lender with material information) in connection with the Loan. Material representations <br />include, but are not limited to, representations concerning Borrower's occupancy of the Property as <br />Borrower's principal residence. <br />9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. If <br />(a) Borrower fails to perform the covenants and agreements contained in this Security Instrument, (b) <br />there is a legal proceeding that might significantly affect Lender's interest in the Property and/or rights <br />under this Security Instrument (such as a proceeding in bankruptcy, probate, for condemnation or forf�eiture, <br />for enforcement af a lien which may attain priority over this Security Instrument or to enforce laws oz' <br />regulations), or (c) Borrower has abandoned the Property, then Lender may do and pay for whatever is <br />reasonable or appropriate to protect Lender's interest in the Property and rights under this Security <br />Instrument, including protecting and/or assessing the value ofthe Property, and securing and/or repairing <br />the Property. Lender's actions can include, but are not limited to: (a) paying any sums secured by a lien <br />which has priority over this Security Instrument; (b) appearing in court; and (c) paying reasonable <br />attorneys' fees to protect its interest in the Froperty and/or rights under this Security Instrument, includirtg <br />its secured position in a bankruptcy proceeding. Securing the Property includes, but is not limited to, <br />entering the Property to make repairs, change locks, replace or board up doors and windows, drain water <br />from pipes, eliminate building or other code violations or dangerous conditians, and have utilities turned <br />on or off. Although Lender may take action under this Section 9, Lender does not have to do so and is <br />not under any duty or obligation to do so. It is agreed that Lender incurs no liability for not taking any <br />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 <br />by this Security Instrument. These amounts shall bear interest at the Note rate from the date of disbursement <br />and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment. <br />If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease. <br />If Borrower acquires fee title to the Property, the leasehald and the fee title shall not merge unless Lender <br />agrees to the merger in writing. <br />10. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan, <br />Borrower shall pay the premiums required to maintain the Mortgage Insurance in effect. lf, for any reason, <br />the Mortgage Insurance coverage required by Lender ceases to be available from the mortga�e insurer <br />1757307723 <br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/07 <br />VMP� <br />Wolters Kluwer Financial Services 201011303.5.0.0.400220100528Y Initiels Page 8 of 17 <br />"H 7 <br />