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201100283
<br />LOAN #: 0279075279
<br />residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent
<br />shall not be unreasanably withheld, vc unless extenuating circumstances exist which are beyond Barrower's cantrol.
<br />7. Preservatlart, Malntenance and Protection of the Property; Inspectians. �arrower shall not de�S'trvy,
<br />damage nr impair the Property, allow the Prvperty to deteriorate or commit waste an the Property. Whether ar not
<br />Borrower is residing in the Property, Borrower shall maintain the Property in order to prevent the Praperty from
<br />deteriorating or decreasing in value due tp its condikion. Unless it is determined pursuant to Section 5 that repair or
<br />restoration is not economically feasible, Borrqwer shall promptly repair the Praperty i� damaged to avoid further
<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 far the repairs and restoratian in a single payment or in
<br />a series af pragress payments as the wark is camplet�d. If the insurance or condemnation proceeds are not sufficient
<br />to repair or restore the Property, Borrower is not relieved of Barrower's obligation for the completion of such repair or
<br />restoration.
<br />Lender or its agent may make reasonable entries upon and inspections af the Prvperty. If it has reasanaf�le cause,
<br />Lender may inspect the interiar af the improvements on the Property. Lender shall give Borrawer notice at the time of
<br />or priar to such an interior insp�ction specifying such reasonable cause.
<br />8. Borrower's Laan Application. Borrawer shall be in d�fault if, during the Loan application process, Borrower
<br />or any persons or entities acting at the direction of Borrower or with Eiarrower's knowledge ar consent gave materially
<br />false, misleading, ar inaccurate informatian or statements to Lender (orfailed to provide Lenderwith material information)
<br />in connection with the Loan. Material representations include�, but are not limited to, representations cpncerning
<br />Borrower's occupancy of th� Praperty as Borrower's principal residence.
<br />9. Protectian of Lander's Interest in the Property and Rights Under this Security Instrument. If (a) Barrower
<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 orta enfarce laws ar regulations), or (c) Borrower has abandoned the Property, then Lender
<br />may do and pay for whatever is reasonable ar appropriate to protect Lender's interest in the Property and rights under
<br />this Security Instrument, including protecting and/or assessing the value of the Prc�perty, and securing and/or repairing
<br />the Property, Lend�r's actions can include, but are not limited ta: (a) paying any sums secured by a lien which has priority
<br />over this Security Instrument; (b) appearing in court; and (c) paying reasonable attorneys' fees tn protect its interest in
<br />the Property and/or rights under this Security Instrument, including its secured position in a bankruptcy proceeding.
<br />Securing the f'roperty includes, but is not limited to, entering the Property to make repairs, change locks, replace or
<br />board up dnors and windows, drain water fram pipes, eliminate building nr other code violations or 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 so. It is agreed that Lender incurs na liability for nat taking
<br />any or all actions authorized under this Section 9.
<br />Any �mounts disbursed by Lender under this Section 9 shall become additional debt of Barrower secured by this
<br />Security Instrument. These amounts shall bear interest at the Note rate from th� date of disbursement and shall be
<br />payable, with such inter�st, upon notice from Lender to Borrower requesting payment.
<br />Ifthis Security Instrument is on a leasehold, Borrower shall complywith all the provisions af the lease. Bnrrower shall
<br />notsurrender th� leasehald estateand interests herein canveyed or terminate or cancel the grvund lease. Bvrrower shall
<br />not, wi#hout the express written cvnsent of Lender, alter ar amend the graund lease. If Borrower acquires fee title ta the
<br />praperty, the leasehold and the fee title shall nat merge unless Lender agrees to the merger in writing.
<br />10. Mortgage Insurance. If Lender required Mortgage Insurance as a cvndition of making the Laan, Bvrrawer 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 availablefrom the mortgage insurer that previpusly provided such insurance
<br />and Borrower was required to make separately designated payments toward the premiums for Mortgage Insurance,
<br />Borrawer shall pay the premiums requir�d to vbtain coverage substantially equivalent ta the Martgage Insurance
<br />previously in effect, at a cost substantially equivalent to the cost to Borrower of the Mortgage Insurance previously in
<br />effect, from an alternate mortgage insurer selected by l.ender. If substantially equivalent Mortgage Insurance coverage
<br />is not available, Barrower shall continue to pay to Lender the amount of the separately designated paym�nts 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 lass reserve in lieu of Mortgage Insuranae, Such lass 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 amount
<br />and forthe period that Lender requires) provided by an insurer selected by Lender again becomes available, is obtained,
<br />and Lender requires separately designated payments toward the premiums for Mortgage Insurance. If Lender required
<br />Mortgage Insurance as a condition of making the Lvan and Borrower was required to make separately designated
<br />payments toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to maintain
<br />Mortgage Insurance in effect, or tn provide a non-refundable loss reserve, until Lend�r's requirement for Mortgage
<br />Insurance ends in accordance with anywritten agreement between Borrower and Lender providing far such termination
<br />or until t�rmination is required by Applicable Law. Nothing in this Section 10 affects Borrower's obligation to pay interest
<br />at the rate provided in the Nate,
<br />Mortgage Insurance reimburses l.ender (or any entity that purchases the Note) for certain losses it may incur if
<br />Borrower does not repay the Laan as agreed. Borrower is not a party ta the Mortgage Insurance.
<br />Mortgag� Insurers evaluate their total risk on all such insurance in force from time to time, and may enter inta
<br />agreements with ather parties that share or modify their risk, or reduce losses. These agreements are on terms and
<br />conditions that are satisfactory ta the m�rtgage insurer and the other party (or parties) to these agreements. These
<br />agreements may require the mortgage insurer to make payments using any saurce 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 />nr affiliate of any ofthe fiaregoing, may receive (directly or indirectly) amounts that derivefrom (or might be characterized
<br />as) a pvrtion of Barrower's payments for Mortgage Insurance, in exchange for sharing or mpdifying the mortgage
<br />insurer's risk, or reducing losses. If such agreement provided that an affiliate of Lender takes a share of the insurer's
<br />NEBRASKA--5ingle Fsmily--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form S02& 1/01 Ini�ials: �
<br />� 7999-2p07 Online bocuments, Inc. Pa9e 5 O� 9 E�EED 0705
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