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<br />7. Preservation, Mainlenance and Protection of thc Property; Ittspections. Fiorrower shall not destrny, damage or
<br />impair the Property, allow the ProPercy to delcriorate or cc�mmit wastc nn the Property. Whether or not Borrower is residing in
<br />the Property, Borrower shall niaintam the I'roperty in order to prevent the �'rnperty from deteriorating or decreasing in value
<br />due tn its condition. Unlcss it is dcfermined pursuant to Sect�on 5 that repair or restoration is not economically fea5ible,
<br />i3orrower ahall promptly repair the Property if damaged to avnid fi�rther deterioration nr damage. If insurance or
<br />condernnation proceeds are paid in coiuiecti�n wilh damage lo, nr the taking nf, the I'roperty, Borrower shall be responsible for
<br />repairing or restoruig the Property only if Lenclec has released procee�ls for such purposes. Lender may disburse proceeds for
<br />Lhc repatrs and restoration in a single payment or in a series of progress payments as the work is completed. Tf the insurance or
<br />cc�ndemnation proceeds are not sufficicnt tn repair or restorc the Properly, I3orrowcr is not relieved of Borrower's obligation
<br />for the compleCion of such repair or restoration.
<br />Lender or its agent may make rcasonable entries uPon and inspections of the Property. If it has reasonable cause,
<br />Lender may inspecl the interior of the improvements on the Property. Lender shall g'rve Borrowcr nntice at th� time of or prior
<br />to tiuch an interior inspection specifying such reasonable cause.
<br />$. Borrower's i�oan Applicatiun. Borrower shall be 'rn defaull if, during lhe Loan application process, Bnrrower or
<br />any persons or entities acting <<t ihe direction of Borrciwer or wilh Rorrower's knowledge or consent gave materially false,
<br />mislcading, or inaccurxte informa�ion or StdIGI17C11[S to I.,ender (or failcd to providc i.ender with material information) in
<br />coiuicction with thc Lcian. Material represenlatinns inclucle, but are not limited to, representations eoncerrung Borrower's
<br />occupancy of the Property as �3orrower's princ'rpal residca�ce.
<br />9. Yrotection of I,encler's Intea•est in the Property and Rigl�ts Uttder this SE�curity Instrument. If (a) Borrower fails
<br />to perform the covenants and agreements containecl in this Security Instrument, (b) there is a le�;al prnceeding that might
<br />significantly affect I,ender's inlerest in the Property and/or rights under this Security Instrument (such as a proceeding in
<br />bankruptcy, probate, for con�lemnation or forfeiture, for enforcement of a lien which may attain priority over this Security
<br />Instrument or lo enforce laws ��r rebulatic�ns), or (c) Bc�rrower has abanclonecl the Property, then Lender may do and pay for
<br />whatcver is reasonal�le or approprialc Lo protect Lender's interest in the Property and rights under this Security Instrument,
<br />including prc�tecting and/or assessinb the value of the 1'roperty, and securing and/or repairmg the Property. I..ender's actions
<br />can include, but arc not limited to: (a) paying any s�irns secured by a lien which has priority over this Security lnstrument; (b)
<br />appcaring in cuurt; and (c) paying reasanable attorneyti' fees to prcilcct its interest in the Property and/or rights under this
<br />Securiry Instrument, inclu�ling its �ccured position in a bankruptcy Proceeding. Securing the Property includes, but is not
<br />limited to, enterin� the Property to cnakc repairs, changc locks, replace or board up doors and windows, drain water from
<br />pipes, eliminate buil�lin� or otlicr cc�de violaCic.ins or dangerous conditi<�ns, and have utilities turned on or off. Although Lender
<br />may take action under lhis Section 9, Lender does not have to do so and is not under any duty or nhligation to do so. It is
<br />agreed that Lencicr incurs no liahility for not taking any or all actions authorized under cliis Section 9.
<br />Any amounts disbursed by Lender ander this Scction 9 shall becom� additional debt of Borrower secured by this
<br />Security Instrument. These amounls shall t�ar interes[ at the Note rate from the date of disbursement and shall be payabl�, with
<br />such interest, upon noticc from Lender to Borrower requesting paymtnt.
<br />If this Security Instrumcnt is on a leasehold, Bc�rrower shall comply with all the provisions of the lease. If Borrower
<br />acquires 1'ee title to the T'roperty, the leasehold and the fee title sliall n��t merge uiiless Lc:nder agrees to the merger in writing.
<br />l0. Mortgage Insurance. If Lender reyuired Mortgagc Insurance as a condilion c�f making the Loan, T3orrower shall
<br />pay the premiums reyuired to maintain the Mortgage Insurance ►�► erre�t. Yr , for any reason, the Mortgage Insurance coverage
<br />reyuired by Lender ceases to be available from thc; rnortgage insurer that previously provided such insurance and Bprrower was
<br />required to make �eparately clesignated payments toward lhe prerniums for Mortgage Insurance, Borrc�wer shall pay tlie
<br />prcmi�rmti required to obtain coverage suUstantially equivalent co lhe Mortgage Insuranc� previnusly in effect, at a cost
<br />substantialty cyuivalent tu the cost to Borrower of the Mortgage Insurance prevlously in effect, from an alternate mortgage
<br />insurer selected by Lender. lf substantially equivalent Mortga�;e Insurancc coverage is not available, I3nrrower shail continu� to
<br />pay to Lender the amr>unt oi' the separately clesignated payntents that were due when the insurance coverage ceased tn be in
<br />effect. Lender will accept, use nnd retain these payments as a non-refundable loss reserve in lieu of Mortgage Insurance. Such
<br />loss reserve shall l� non-refundable, nc>twithstanding the fact that the Loan is ull'unatelq paid in full, and Lender shall not be
<br />required to pay Borrower any interest or earnings on such loss reserve. Lender can nc> lnnger require loss res�rve payments if
<br />Mort�age Insur��nce coverage (in the amoun� �cnct frn' t�te per'tod th�tt T.endcr reynires) -proviaec3 by an insurer selected by Lender
<br />again becomc� available, is c�btained, and Lendcr rey�iires separately designaled p�yments toward the premiums for Mortgage
<br />insurance. If Lender reyuired Mortg�ige Insurance as a conclilion of making the Loan and $orrower was required to make
<br />scparately design�itecl payrnents toward the premiums for Mortgage Insurance, Borrnwer shall pay the premiums required to
<br />maintain Mortgagc Insurance in effect, or to provide a i�on-relunclable loss reserve, until Lendcr's requirement for Mnrtgage
<br />Insurance ends in accordance with any wriuen �►greement between Borrower and Lender providing for such termination or until
<br />termination is reyuirecl by Applicable Law. Nothing in thiti Sectinn 10 al'fects Borrower's obligation to pay interest at the rate
<br />provided in the Note.
<br />Mortgage Insurance reimburses Lcnder (or any entity that purchases th� Notc) for certain losses it may incur if
<br />Borrnwer dc�es noc repay th� i.oan as �►greeci. Borrower is not a party to the Mc>rtgage Insuranee.
<br />Mart�dge insurers evaluate their total risk on all such insurance in force from time to time, and may enter into
<br />agreements with other parties that share or mc>dify their risk, or reduce losses. '1'hese agreements are on terms and conditions
<br />that are tiatislactory to the mortgage insurer and the other party (or parties) tc� these agreements. These agreements may require
<br />the mortgage insurer to cnake paymcnt� using any source ol' hmds that the mortgage insurer may have availabl� (which may
<br />include h�nds obtained from Mortgage Insurance premiums).
<br />As a result of these agrcemc:nts, I.encler, any purchaser of the Note, another insurer, any reinsurer, any other cntity, or
<br />any affiliate of any of the foregoing, may receivc (directly or indirectly) amounts tl�at derive from (or might be characterized
<br />as) a portion of $orrower's paymenis for Mortga�e Insurance, in exchange for sharing or modifying the mortgage insurer's
<br />risk, or reducing losses. If such agreement provides that an xffili�t�c of I,ei�cler fakes a share of insurer's risk in exchange for a
<br />share of the prcmiums paid lc� the insure��, the arrangement is often termed "captive reinsurance." Further:
<br />(a) Any such agrecme�its will nut afFect the arnounts that Borrower has agreed to pay for Mortgage Insurance, or
<br />any other terms ot' tl�e Loa�r. Sucli agreemenis will nol 'rncreasc lhe amount Borrower will owe for Mortgage lnsurance,
<br />and lhcy will nol enlitic Borrowcr lca any rcfund.
<br />(b) Any such agree�neuts will not aFfect ihe rights Borrower hs�--if any--with re�pect to the Mortgage Insurance
<br />under the I�ameowners Prolec:lion Acl oF 1998 ur any other law. These rights may include the right to receive certain
<br />disclosures, io request and obtain cancellation of the MorlgaKe Insurance, la have lhe Mortgage Insurance terminated
<br />auto�natically, and/or to receive a refund of any Mortgage Iusurance premiums that were unearned at the time of such
<br />caucellation or terrni�iatiun.
<br />I I A591�,'11171L'1lL of Miscellaneous Procecds; Forfeiture. All Misc�llancc�us Proceeds are hereby assigned to and shall
<br />tx; paid tc� Lcnder.
<br />If the Property is ilam�igecl, such Mi�cellaneous Vroceeds shall be applied to restoration nr repair of the Property, if the
<br />restoration or repair is economically ieasible ancl I..ender's security is not lessened. During such repair and restoration period,
<br />Taender shall havc the right to hold such Miscellaneous 1'roceeds until Lender lias had an opportunity tn inspect such Property
<br />lo ensure the work has been crrmpletecl to Lender's S1L1S� providecl that such inspeetion shall b� underfaken promptly.
<br />Lender may pay 1'or the rePairs <<ncl restoration in a single disbursement or in a series of progress payments as the work is
<br />completed. iJnless an agreement is made in writing or Applicable Law requires interest to bc: paid on such Miscellaneous
<br />I'roceeds, Lender shall not be reyuirecl tc> pay Bc�rrciwer any inlerest or earnings on such Miscellaneous Prneeeds. If the
<br />restoration or repair is not economically feasible or Lender's security would be leasene:d, the Miscellaneous �'roceeds shall be
<br />applied to the sums secured by tliis Sec�irily Instrument, whethcr or not dien due, with the excess, if any, paid to Borrower.
<br />Such Miscellaneous Prncccds shall Ue applied in the order provided for in Section 2.
<br />In lhc evcnt of a total taking, destruction, or loss in valt►e c�f tlic Yroperly, the Miscellaneous Proceeds shall be applied
<br />to the snn�s sccured by this Security Instrurnent, whether or not then d�re, wilh lhc exccss, if any, paid to Borrower.
<br />NEBRASKA—Single Family—Fannie Mae/Freddie Mac UNIFORM IN57RUMENT Form 3028 9/09
<br />Bankers Systems, Inc., St. Cl��ud, MN Porrn MD-1-NE 8/17(2000 (page 4 oJ'7 pabes)
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