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�oiioois4 covcnants and agreements contained in this Sccurity Instrument, or there is a legal proceecling that may significantly affect Lender's rights in the Property (such as a proceeding in bankruptcy, for condemnation or to enforec laws or regulations), then Lender may do and pay whatever is necessary to protcct thc value of the Property and Lendcr's rights in the Prpperty, including payment of taxes, hazard insurance and other items mentioned in Para�raph 2. To protect Lender's security in the Property, Lender shall advance and chargc to Borrower all amounts due to thc Secretar•y for the Mortgage Insurance Premium ("MIP") as defined in the Loan A�'cemcnt as well as all sums due to the loan servicer for servicing activities ("Servicing F'ee") as defincxl in the Loan Agreement, Any amounts disbursed by Lender undcr this Paragraph shall become an additional debt of Borrower as provided for in the Loan Agreement and shall be secured by this Security Instrument. 6. Inspection. Lendcr or its agent may enter on, inspect or make appraisals of the Properiy in a reasanablc manner and at rcasanable times provided that L,ender shall �ive the Borrower notice prior ta any inspection or appraisal specifying a purpose for the inspection or appraisal which must bc related to Lender's interest in thc Property. If the Property is vacant or abandoncxl or the loan is in default, Lender may takc reasonable action to protect and prescrve such vacant or abandoned Froperty without notice to the Borrower. 7. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connectirni with any condemnation or other taking of any part of the Properiy, or for canvcyance in place of condemnation, shall bc paid. to Lender. The proceeds shall be applied first to the reduction of any iiidebtedness under the 5econd Note and this Security Instrument. Any cxcess proceeds over an amount required to pay all outstanding indebtedness ►uider che Second Note and this Security Instrument shall bc paid to the entity legally entitled thercto. $. Fees. Le�ider may collect fccs and charges authorized by the Secretary for the Home Equity Conversion Mortgage Insurance Program. 9. Grounds for Acceleration of Debt. (a) Due and Payable. Lender may require immediate payment in full of all sums secured by this Security Instrument if: (i) A Borrower dies and the Property is not the principal residence of at least one surviving Borrower; or (ii) All of a Borrower's title in the Property (or his nr her beneficial interest in a trust pwning all or part of the Property) is sald ar atherwise transferred and no other Borrower retains (a) title to the Prpperty in fee simple, (b) a leasehold under a lease for not less than 99 years which is renewable or a lease having a remaining period of not less than 50 ycars beyond the date of the 100th birthday of the youn�;est Borrower, or (c) a life estate in the Praperty (or retains a beneficial interest in a trust with such an interest in the Praperty); nr (iii) The Property ceases tp bc the principal residence of a Borrower for reasons other than death and thc Propv�rty is not the principal residence of at least one oCher Borrower; or (iv) For a period of longer than twelve (12) cansecutive mrniths, a Borrower fails to physically occupy the Prpperty because of physical or mental illncss and the Property is not the principal residence of at least one other Borrowcr; ar (v) An obligatian of the Borrower under this Security Instrumc�it is not perfornaed. (b) Notice to Lender. Borrower shall notify the L,ender whenever any of the events listed in Fara� 9(a)(ii)-(v) occur. (c) Notice to Sorrower. Lcndcr shall notify Borrower whenever the loan becomes due and payable undor Paragraph 9(a)(ii)-(v). Lendcr shall not have the right to commence foreclosure until Borrower has had thirty (30) days aftc,�r notice to either: Nebrxska 2n Dccd of Trust (Fixed) Yage 3