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<br />7. Preservation, Maiwtenance and Protection of the Property; Inspections. Barrower shall not destroy, damage or
<br />irnpair the Property, allow the Property to deteriorate or cornrnit waste on the Property. Whether or not Borrower is residrng in
<br />the Property, Borrower shall mainiain the Properiy in order to �revent the Property from deterioratiug or decreasing in value
<br />due to its condition. Unless it is determined pursuant ta Sect�on 5 that repair ar restoration is not econornically feasible,
<br />Borrawer shall promptlq repair the Property if damaged ta avoid further deterioratio❑ or damage. If insurance or
<br />coudemnation proceeds are paid in connection witti damage to, or the taking of, the Property, Borrower shall be responsible for
<br />repairing or restoring the Property only if Lender has released proceeds for such purposes. Lender may disburse proceeds for
<br />the repairs and restoration in a single payrneut or in a series of prngress payments as the worK is completed. If the insurance or
<br />condemnation proceeds are not sufficient to repair or restore the Property, Borrower is uot relieved of Borrawer's abligation
<br />for the campletion af such repair or restoration.
<br />Lender or its agent may make reasonable entries upon and inspections of the Property. Tf it has reasonable cause,
<br />Lender rnay 'rnspect the interior of the improvements on the Property. Lender sha11 give Borrower notice at the time of or prior
<br />to such an interior inspection specifying such reasonable cause.
<br />8. Borrower's Loan Applicatian. Borrower shall be iu default if, dnring the Loan application process, Barrower ar
<br />any persons or en[ities acting at the direction of Borrower or with Borrower's knowledge or copsent gave materially false,
<br />misleading, or inaccurate information or statemen[s to T.euder (or failed to provide Lender with material informatiou) in
<br />connection with the I,oan. Material representations 'rnclude, but are not limited to, representations concerning Borrower's
<br />accupancy of the Praperry as Borrower's prrncipal residence.
<br />9. Protectian of Leuder's Interest in the Property and Rights Under this Security Instrument. If (a) Borrower fails
<br />to perform the covenants and agreements contained in this Security Instrument, (b) there is a legal proceeding that rnight
<br />significantly affect Lender's interest in the PropeRy and/or rights under this Securiry Instrument (such as a proceeding in
<br />baukruptcy, probate, for condemnation ar forfeiture, for enforcement of a lien which may attain priority over th'rs Securiry
<br />Instrument ar to enforce laws or regulations), or (c) Borrower h�►s abandoned the Property, then I.ender may do and pay far
<br />whatever is reasonable or appropciate to protect Leuder's interest in the Property and rights under this Securiry Instrument,
<br />includiag protecting and/or assessing the value of the Property, and securing and/or repairing the Property. Lender's actions
<br />can include, but are not limited to: (a) paying any sums secured by a lien which has priority over this Securiry Instrument; (b)
<br />appearing in court; and (c) paying reasonable altorneys' fees to protect its interest in the PrapeRy and/or rights under this
<br />5ecuriry Instrurnent, includin� its secured position in a baukruptcy proceeding. Securing the Property includes, but is not
<br />limited to, entering the Property lo make repairs, change locks, replace or board up doors and windows, drain water from
<br />pipes, elimivate building or other code violations or daugerous conditions, and have utilities turned on or off. Although Lender
<br />may take action under this Section 9, Leuder does not have to do so and is not under any dnty or obligation to da so. It is
<br />agreed that Lender incurs no liability for not taking any or all actions authorized under this Section 9.
<br />Any amounts disbursed by Leuder under this Sectiau 9 shall becorne additional debt af Borrovver secured by Wis
<br />Security Instrwnent. These amaunts shall bear interest at the Note rate from the date of disbursement and shall be payable, with
<br />such interest, upon notice from Y.ender to Borrower requesting payment.
<br />If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease. If Borrower
<br />acquires fee title eo the Property, the leasehold and the fee title shall not merge unless Leuder agrees to the merger in writing.
<br />10. Mortgage Insurance. If (..,ender required Martgage Insurance as a condition of making the T.oan, Borrower shall
<br />pay the premiums required to maintain the Mortgage Insurance in effect. If, for auy reason, the Mortgage Insurauce coverage
<br />required by Lender ceases to be available from the rnortgage insurer that previously provided such 'rnsurance and Borrower was
<br />required to malce separately designated payrnents toward the prerniums for Mortgage Insurance, Borrower shall pay the
<br />premiums required to obtain coverage substantially equivalent to the Mortgage Insurance previously ia effect, at a cost
<br />substantially equivalent to the cost to Borrower of the Mortgage Insurance previously in effect, from an al[ernate martgage
<br />iusurer selected by Lender. Lf substantially equivalent Mortgage Insurance caverage is not available, $orrawer shall continue to
<br />pay to Lender the amount of the separately designated payments that were due when the insurance coverage ceased to be rn
<br />effect. Lender will accept, use and retain these payrnents as a non-refundable loss reserve in liea of Martgage lnsurance. Such
<br />loss reserve shall be non-refundable, notwithstanding the fact that the Loan is ultimately paid in full, and Leuder shall not be
<br />required to pay Borrower any interest or earnings on such loss reserve. Lender can na longer require loss reserve payments if
<br />Mortgage Iusurance coverage (ia the amount and for the period that Lender requires) provided by au iusurer selected by Leuder
<br />again becomes available, is ob[a'rned, and I�ender requires separately designated payments toward the premiums for Mortgage
<br />Insurance. If Lender required Mortgage Insurance as a condition of mak�ng the Loan aud Borrower was required to make
<br />separately designated payments toward the premiums for MoRgage Insurance, Borrower shall pay the premiums required to
<br />maintain Mortgage Insurance in effect, or to provide a non-refundable loss reserve, until Lender's requirernent for Mortgage
<br />Insurance ends in accordance with any written agreement between Borrower and Lender praviding far such termination or until
<br />termination is required by Applicable Law. Nothing in this Section 10 affects Borrower's obligation to pay interest at the rate
<br />providetl in the Note.
<br />Mortgage Insurance reimburses Lender (or any ent'rty that purchases the Note) far ceRain losses it may incur if
<br />Borrower does not repay the Loan as agreed. Borrower is not a party ta the Mortgage Insurance.
<br />Mortgage insurers evaluate their total risk on all such insurance in force from time to tune, and may enter into
<br />agreements with other parties that share or modify their risk, or reduce losses. These agreements are on tertns and conditians
<br />thai are satisfactory to the mortgage insurer aud the other party (or parties) to these agreements. These agreements may require
<br />the rnortgage insurer tn rnake payments using auy source of funds that the mortgage iusurer may have available (which may
<br />include funds obtained from Mortgage Insurance premiurns).
<br />As a result of these agreements, Lender, any �urchaser of the Note, another insurer, any reinsurer, any other entity, or
<br />any affiliate of any of the foregoing, may receive (directly or indirectly) axnounts that derive fram (or might be characterized
<br />as) a portion of Borrower's payments for Mortgage Insurance, in exchange for sharing or modrfying the mortgage insurer's
<br />risk, or reducing losses. If such agreement provides that an affiliate of Lender takes a share of insurer's risk in exchange for a
<br />share of the premiums paid to the insurer, the arrangement is aften termeri "captive reinsurauce. " Further:
<br />(a) Any such agreemeuts will not affect the amounts that Borrower has agreed to pay for Mortgage Insarance, or
<br />any other terms oF the Loan. Such agreements will uot increase the amount Borrower will owe for Mortgage L►sarance,
<br />and they will not entitle Borrower to any refund.
<br />(b) Any such agreements will nat affect the rights Borrower has--if auy--with respect to the Mortgage Insurance
<br />under the Homeowners Protection Act of 1998 or any other law. These rights may include the ri t to receive certain
<br />clisclosures, to request aud obtaian cancellation of the Mortgage Insurance, to have the Mortgage surance tern�inated
<br />aatomatically, and/or to receive a refund of any Mortgage Tnsurance premiums that were unearned at the time of such
<br />cancellation ar termination.
<br />11. Assignment of Miscellaneous Proceeds; Forfeitare. All Miscellaneous Proceeds are hereby assigned ta and shall
<br />be paid to Lender.
<br />If the Property is darnaged, such Miscellaneous Proceeds shall be applied to restoration or repair of the PropeRy, if the
<br />restoratian or repair is econamically feasible and Lender's security is not lessened. During such repair and restoratiou period,
<br />I.,ender shall have the right to hold such Miscellaneous Praceeds until Lender has had an opportunity Co inspect such Property
<br />to ensure the work has been completed to Lender's satisfaction, provided that such inspection shall be undertakeu promptly.
<br />I�andar rnay pay for the repairs and resCaratian ia a single disbursement ar in a series of progress payments as the work is
<br />completed. Unless an agreernent is made iu writing or Applicable Law requires interest to be paid on such Miscellaneous
<br />Prc�ceeds, Lender shall not be required to pay Borrower any interest or earnings an such Miscellaneous Proceeds. If the
<br />restaration or repair is not economically feasible or I,ender's securiry would be lesseued, the Miscellaneous Proceeds shall he
<br />applied to the sums secured by this Security lnstrument, whether ar not then due, with the excess, if any, paid to Borrower.
<br />Such Miscellaneous Proceeds shall be applied in the order provided for in Section 2.
<br />In che event of a tatal taking, destruction, or loss in value of the Property, the Miscellaneous Proceeds shall be applied
<br />to the sums secured by ttiis Security Instrument, whether or not then due, with the excess, if any, paid to $arrawer.
<br />NEBRASKA—Single Family--Fannie MaelFreddie Mac UNIFORM INSTRUMENT Form 3028 71 1
<br />8ankers Systems, Inc., St. Cloud, MN Farm M�-1-NE 8/17/2000 (page 4 of 7 pagBS) � `�
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