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<br />provided that such inspection shall be undertaken promptly. Lender may disburse proceeds for the repairs and
<br />restoration in a single payment or in a series of progress payments as the work is completed. Unless an agreement
<br />is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not be
<br />required to pay Borrower any interest or eaznings on such proceeds. Fees for public adjusters, or other Urird parties,
<br />retained by Borrower shall not be paid out of the insurance proceeds and shall be the sole obligation of Borcower.
<br />If the restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds
<br />shall be applied m the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid
<br />to Borrower. Such insurance proceeds shall be applied in the order provided for in Section 2.
<br />If Bonower abandons the Properry, Lender may file, negotiate and settle any available iusurance claim and
<br />related matters. If Borrower does not respond witt�in 30 days to a notice from Lender Uiat the insurance carrier has
<br />offered to settle a claim, then Lender may negotiate and settle the claim. The 30�1ay period will begin when the
<br />notice is given. In either event, or if Lender acquires the Property under Section 22 or oYherwise, $orrower hereby
<br />assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid
<br />under the Note or this Security Instrument, and (b) any other of Borrower` s rights (other than the right to any refund
<br />of unearned premiums paid by Borrower) under all insurance policies covering the Property, insofar as such rights
<br />are applicable to the coverage of the Property. Lender may use tlte insurance proceeds either W repair or restore the
<br />Property or to pay amounts unpaid under the Note or this Security Instrument, whether or not then due.
<br />6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence
<br />within 60 days after the execution of this Securiry Instrument and shall continue to occupy the Property as Borrower' s
<br />principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, wtrich
<br />wnsent shall not be unreasonably withheld, or unless e�cteuuating circumstances ezist which aze beyond Borrower' s
<br />control.
<br />7. Preservation, Maintenance and Proteckou of the Property; Inspecfions. Bonower shall not destroy,
<br />damage or impair the Property, allow the Property to deteriorate or commit waste on the Property. Whether or not
<br />Borrower is residing in the Property, I3orrower shal] maintain the Property in otder to prevent the Property &om
<br />deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 tLat rcpair or
<br />restoration is not economically feasible, Borrower shall promp8y repair the Property if 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 shail be responsible for ropairing or restoring the Property only if Lender has released
<br />proceeds for such purposes. Lender may disburse proceeds for the repairs and restoration in a single payment or 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, Borrower is not relieved of Borrower' s obligation for the completion of such repair
<br />or restoration.
<br />Lender or its agent may make reasonable entries upon and inspections of the Properry. If it has reasonable cause,
<br />Lender may inspect the interior of the improvements on the Property. Lender shall give Borrower notice at the tune
<br />of or prior to such an interior ipspection specifying such reasonable cause.
<br />8. Borrower's Laan App&carion. Borrower shall be in default if, during the Loan application process,
<br />Borrower or any persons or entities acting at the direction ofBorrower or witkt Bortower' s knowledge or consent gave
<br />materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with
<br />material informadon) in connec6on with the Loan. Material representaGons include, but aze not limited to,
<br />representations concerning Borrower's occupancy of the Property as Borrower's principal residence.
<br />9. Protection of Lender's Interest in the Property and Rights Uoder this Security Insh If (a)
<br />Borrower fails to perform the covenants and agreements contained in this Security Instrument, (b) there is a legal
<br />ptoceeding that might significantly affeetLander's interestin the Property and/or rights under this Security InstrumenY
<br />(such as a proceeding in banlmtptcy, probate, for condemnafion or forfeihue, for enforcement of a lien which may
<br />attain prioriry over Uris Security Instrument or to enforce laws or regulations), or (c) Borrower has abandoned the
<br />Property, then Lender may do and pay for wliatever is reasonable or appropriate to protect Lendet's interest in the
<br />Properry and rights under this Security Instrument, including protecting and/or assessing the value of the Properry,
<br />and securing and/or repairing the Properry. Lender' s actions can include, but aze not limited to: (a) paying any sunns
<br />secured by a lien which has prioriry over tlils Securiry Iashvment; (b) appeazing in courh, and (c) paying reasonable
<br />attomeys' fees to protect its interest in the Property and/or rights under ihis Security Instrument, including its secured
<br />position in a bankruptcy proceeding. Securing the Property includes, but is not limited to, entering the Property to
<br />make repairs, change locks, replace or board up doors and windows, drain water from pipes, eliminate building or
<br />other code violations or dangerous condi6ons, and have utilities turned on or off. Although Lendet may take action
<br />under this Section 9, Lender dces not have to do so and is not under any duty or obligatipn to do so. It is agreed that
<br />Lender incurs no liabiliry for not taldng any or all actions authorized under tfris Section 9.
<br />Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower secured by this
<br />Secwity Instrument. These atnounts shall bear interest at the Note rate from the date of disbursement and st�all be
<br />payable, with such interest, upon noace from Lender W Bonower reguesting payment.
<br />If this Securiry Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease.
<br />Borrower shall not surrender the leasehold estate and interests herein conveyed or terminate or cancel the ground lease.
<br />Borrower shall not, without the express written consent of Lender, alter or amend the ground lease. If Borrower
<br />acqetires fee title to the Property, •the leasehotd and the fee ritle shall not merge unless Lender agrees to the merger
<br />in writing.
<br />10. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan, Borrower
<br />shall pay the premiutns required to maintain the Mortgage Insurance in effect. If, for any reason, the Mortgage
<br />Insurance coverage requiredby Lender ceases to be available from the mortgage insurer that previously provided such
<br />Horrowu ]nitials: ��L��
<br />NEBRASKA-Single Family—Fann
<br />Form 3028 1/O1
<br />Mac UNIFORM INSTRUMFNT - MERS
<br />Page 5 of 11
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<br />www.docmagiccom
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