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2p1�00157
<br />�OAN #: 0000825Q322026
<br />deterioration or damage. If insurance or condemnation proceeds are paid in connection with damage to, or the taking
<br />of, the Property, Borrower shall be responsible for repairing or restoring the Property only if Lender has released
<br />proceeds for such purposes. Lender may disburse proceeds for the repairs and restaration in a single payment ar in
<br />a series of progress payments as the work is completed. If the insurance or condemnation proceeds are not sufficient
<br />to repair or restore the Property, Barrower is not relieved of Borrower's obligation for the completion af such repair or
<br />restoration.
<br />Lender or its agent may make reasanable entries upon and inspections of the Property. If it has reasonable cause,
<br />Lender may inspect the interior of the improvements on the Property. L.ender shall give Borrower notice at the time of
<br />or prior to such an interior inspection specifying such reasonable cause.
<br />8. .Borrowaer'� Loan Appllcatlan. Borrower shall be in default if, during the Loan application pracess, Borrower
<br />or any persons ar entities acting at the direction of Borrower or with Borrower's knawledge or consent gave materially
<br />false, misleading, or inaccurate information or statements to Lender (orfailed to provide Lenderwith material irtformation)
<br />in connection with the Loan. Material representations include, but are not limited to, representations concerning
<br />Borrow�r's occupancy of the Properry as Borrower's principal residence.
<br />9. Protectlan of L�nder's Interest In the Property and Rlghts Under this Securlty Instrument. If (a) Borrower
<br />fails to perform the covenants and agreements contained in this Security Instrument, (b) there is a legal proceeding that
<br />might significantly affect Lender's interest in the Property and/or rights under this Security Instrument (such as a
<br />proceeding in bankruptcy, probate, for condemnation or forfeiture, for enforcement of a lien which may attain priority
<br />overthis Security Instrument orto enforce laws or regulations), or (c) Borrower has abandoned the Properry, then Lender
<br />may do and pay for whatever is reasonable or appropriate to protect Lender's interest in the Properry and rights under
<br />this Security Instrument, including protecting and/or assessing the value of the Properry, 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 which has priority
<br />over this Securiry Instrument; (b) appearing in court; and (c) paying reasonable attorneys' fees to protect its interest in
<br />the Properry and/or rights under this Securiry Instrument, including its secured position in a bankruptcy proceeding.
<br />Securing the Praperty includes, but is nat limited ta, entering the Property to make repairs, change locks, replace or
<br />board up doors and windows, drain water from pipes, eliminate building or other cade vialations ar dangerous
<br />conditions, and have utilities turned on or off. Although Lender may take action under this Section 9, Lender does not
<br />have to do so and is not under any duty or obligation to do s�. It is agreed that Lender incurs no liability for not taking
<br />any 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 by this
<br />Security Instrument. These amounts shall bear interest at the Note rate from the date of disbursement and shall be
<br />payable, with such interest, upon notice from Lender to Borrower requesting payment.
<br />If this Security Instrument is on a leasehold, Borrower shall complywith all the pravisions of the lease. Borrower shall
<br />natsurrendertheleasehaldestateandinterestshereinconveyedorterminateorcancelthegroundlease. Borrnwershall
<br />not, wi#hvut the express written consent of Lender, alter or amend the ground lease. If Borrawer acquires fee title to the
<br />Property, the leasehold and the fee title shall not merge unless Lender agrees to the merger in writing.
<br />10. Mortgage Insurance. If Lender required Martgage Insurance as a condition of making the Loan, Borrower shall
<br />pay the premiums required to maintain the Mortgage Insurance in effect. If, for any reason, the Mortgage Insurance
<br />coverage required by Lender ceases to be available from the mortgage insurer that previously provided such insurance
<br />and �orrower was required to make separately designated payments toward the premiums for Mortgage Insurance,
<br />Borrower shall pay the premiums required to obtain coverage substantialfy equivalent to the Mortgage Insurance
<br />previously in effect, at a cost substantially equivalent to the cost to Borrawer of the Mortgage Insurance previously in
<br />effect, from an alternate mortgage insurer selected by Lender. If substantially equivalent Mortgage Insurance coverage
<br />is not available, Borrower shall continue to pay to Lender the amount of the separately designated payments that were
<br />due when the insurance coverage ceased to be in effect. Lender will accept, use and retain these payments as a non-
<br />refundable loss reserve in lieu of Mortgage Insurance. 5uch loss reserve shall be non-refundable, notwithstanding the
<br />fact that the Loan is ultimately paid in full, and Lender shall not be required to pay Borrower any interest or earnings on
<br />such loss reserve. Lender can no longer require loss reserve payments if Mortgage Insurance coverage (in the amoun#
<br />and forthe period that Lender requires) provided by an insurer selected by Lender again becomes available, is obtained,
<br />and Lender reqwires separately designated payments toward the premiums for Mortgage Insurance. If L.ender required
<br />Mortgage Insurance as a canditian of making the Loan and Borrower was required to make separately designated
<br />payments toward the premiums for Mortgage Insurance, Borrawer shall pay the premiums required to maintain
<br />Mortgage Insurance in effect, or to provide a non-reiundable loss reserve, until Lender's requirement for Mortgage
<br />Insuranceends in accordancewith anywritten agreement between Borrawerand Lenderpravidingfnrsuch termination
<br />or until termination is required by Applicable Law. Nothing in this Section 10 affects Borrower's obligation to pay interest
<br />at the rate provided in the Note.
<br />Mortgage Insurance reimburses Lender (or any entity that purchases the Note) for certain losses it may incur if
<br />Borrower does not repay the Loan as agreed. Borrower is not a parry to the Mortgage Insurance.
<br />Mortgage Insurers evaluate their tatal risk an all such insurance in force from time to time, and may enter into
<br />agreements with other parties that share or modify their risk, or reduce losses. These agreements are on terms and
<br />conditions that are satisfactory to the mortgage insurer and the other party (or parties) to these agreements. These
<br />agreements may require the mortgage insurer to make payments using any source offunds that the mortgage insurer
<br />may have available (which may include funds obtained from Mortgage Insurance premiums).
<br />As a result of these agreements, Lender, any purchaser of the note, another insurer, any reinsurer, any other entity,
<br />ar affiliate of any ofthe foregoing, may receive (directly or indirectly) amounts that derive from (or might be characterized
<br />as) a portion of Borrower's payments for Mortgage Insurance, in exchange for sharing or modiiying the martgage
<br />insurer's risk, or reducing losses. If such agreement provided that an affiliate of Lender takes a share of the insurer's
<br />risk in exchange for a share af the,premiums paid to the insurer, the arrangement is often termed "captive reinsurance. °
<br />Further:
<br />(a) Any such agreements wlll not aifeat the amounts that Borrawer has agreed ta pay for Mortgage
<br />Insurance, ar any other terms of the Loan. Such agreements wlll not Increase the amount Borrower will owe far
<br />Mortgag� Insurance, and they wlll nat ar+tltlo Borrower to any rafund.
<br />(b) Any such agreaments wlll not affect tha rights Borrower has - If any - with respeot to the Mortgaga
<br />Insurance under the Homeowners Protection Act of 199$ ar any ather law. These rights may Includa the r� ht ta
<br />Initials: �
<br />NEBRASKA—Single Family--Fannle Mae/Freddie Mac UNIFORM IN51'RUMENT Form 3p2s il01
<br />� 1999-2006 Online Documents, Inc. Pa�l' 5 Of 9 NEUDEED D�12
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