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201103083
<br />7. Preservation, Maintei
<br />impair the Property, allow the Pr
<br />the Property, Bonower shall mai
<br />due to its condition. Unless it i
<br />Bonower shall prompfly re�ai�
<br />condemnation proceeds a.re paid i
<br />repairing or restoring the Properl
<br />the re�airs and "restoration in a su
<br />condemnation proceeds are not s
<br />for the completion of such repair c
<br />Lender or its agent may
<br />Lender may inspect the interior o
<br />to such an interior ins�ction speci
<br />8. Borrower's Loan Ap�
<br />any persons or entities acting at
<br />misleading, or inaccurate inforn
<br />connection with the Loan. Mate
<br />occupancy of the Property as Borc
<br />9. Protection of Lender':
<br />to perform the covenants and a�
<br />significantly af�ect ' LeIIder's inte
<br />bankruptcy, probate, for conde�
<br />Instnunent or to enforce laws or
<br />whatever is reasonable or appro�
<br />including protecting and/or asses
<br />can include, but are not limited t
<br />appearing in court; and (c) payi
<br />Security Instrument, including i�
<br />limited to, entering the Property
<br />pipes, eliminate building or other
<br />may ta.ke action under this 5ecti�
<br />agreed that Lender incurs no liabil
<br />Any amounts disbursed 1
<br />Securiry Instcvment. These amou.
<br />such interest, upon notice from L,e
<br />If this Securiry Instrumen
<br />acquires fee title to the Properly, 1
<br />10. Mortgage Insurance
<br />pay the premiums required to m�
<br />required by Lender ceases to be �
<br />required to make separately de;
<br />premiums required to obtain cc
<br />substantially equivalent to the a
<br />insurer selected by Lender. If sut
<br />pay to Lender the amount of the
<br />effect. Lender will accept, use ac
<br />loss reserve shall be non-refunda
<br />required to pay Borrower any int
<br />Mortgage Insura.nce coverage (in
<br />again becomes available, is obtai
<br />Insurance. If Lender required b
<br />separately designated payments 1
<br />maintain Mortgage Insurance in
<br />Insurance ends in accordance wit
<br />termination is required by Applic
<br />provided in the Note.
<br />Mortgage Insura.nce rein
<br />Borrower does not tepay the Loaz
<br />Mortgage insurers evalu�
<br />agreements with other parties th:
<br />that are saxisfactory to the mortg�
<br />the mortgage insurer to make pa
<br />include funds obtained from Mort,
<br />As a result of these agree
<br />any affiliate of any of the foregc
<br />as) a portion of Borrower's pay�
<br />risk, or reducing losses. If such
<br />share of the premiums paid to the
<br />(a) Any such agreements
<br />any other terms of the Loan. S
<br />and they will not entitle Borrow
<br />. , (b) .�y, such agreement�
<br />uncier: the ��omeowners Protec�
<br />disclosur�, to reque.st and obt
<br />automatically, and/or to receiv
<br />cancellation or termination.
<br />11. Assignment of Misa
<br />be paid to Lender.
<br />If the Properly is damage
<br />restoration or repair is economic
<br />Lender shall have the right to hc
<br />to ensure the work has been cor
<br />Lender may pay for the repairs
<br />completed. Unless an ,agreemem
<br />Proceeds, Lender shall not be
<br />restoration or repair is not econc
<br />applied to the sums secured by 1
<br />Such Miscellaneous Proceeds shal
<br />In the event of a total tak
<br />to the sums secured by Wis 5ecuri
<br />nce xnd Protection of the Pi
<br />�eriy to deteriorate or commit �
<br />ain e Properly in order to p
<br />dete ined pursuant to Sectic
<br />the Properly if da.maged to
<br />co ection with da.mage to, or
<br />onl if,Lender has released p:
<br />le p yment or in a series of pr
<br />ficie t to repair or restore the
<br />erty; Inspections. Borrower sha11 not destroy, damage or
<br />�te on the Properly. Whether or not Borrower is residing in
<br />ent the Pro�erty from deteriorating or decreasing in value
<br />5 that repair or restoration is not economically feasible,
<br />void further deterioration or damage. If insurance or
<br />; taking of, the Property, Borrower sha(( be responsible for
<br />eeds for such purposes. Lender may disburse proceeds for
<br />�ess payments as the work is completed. If the insurance or
<br />operty, BorroWer is not relieved of Borrower's obligation
<br />nake reasonable entries upon a�1 inspections of the Property. If it has reasonable cause,
<br />the ' provements on the Prope . Lender shall give Borrower notice at the time of or prior
<br />ying uch reasonable cause.
<br />icati n. Borrower sha11 be in d fault if, during the Loan application process, Borrower or
<br />he d rection of Borrower or wi Borrower's knowledge or consent gave matetially false,
<br />�tion or statements to Lender ( r falled to provide Lender with material information) in
<br />ial r presentations include, but re not limited to, representations concerning Borrower's
<br />wer' principal residence.
<br />Inte est in the Progerty and Ri ts Under this Security Instrument. If (a) Borrower fails
<br />�eem nts conta.ined in this Secu iry Instrument, (b) there is a legal proceeding that might
<br />est im the Property and/or righ under thi� 5ecuriry Instrument (such as a proceeding in
<br />�atio or forfeiture, for enforce ent of a lien which may attain priority over this Security
<br />;egul ions), or (c) Bonower abandoned the Properiy, then Lender may do and pay for
<br />iate o protect Lender's interest in the Property and rights under this Security Instrument,
<br />ing e value of the Property, a securing and/or repairing the Property. Lender's actions
<br />:(a) aying any sums secured by a lien which has prioriry over this Security Instrument; (b)
<br />g r onable attorneys' fees to rotect its interest in the Property and/or rights under this
<br />sec red position in a bankrupt y proceeding. Securing the Property inctudes, but is not
<br />to m e repairs, change locks, eplace or board up daors and wmdows, drain water from
<br />;.ode iolatioas or dangerous con itions, and have utilities turned on or off. Although Lender
<br />� 9, ender does not have to do so and is not under any dury or vbligaxion to do so. It is
<br />y fo not taking any or all actions uthorized under this Section 9.
<br />� Le der under this 5ection 9 hall become additional debt of Borrower secured by . this
<br />:s sh 1 bear interest at the Note r e from the date of disbursement and shall be payable, with
<br />ider t Borrower tequesting paym nt.
<br />is o a leasehold, Borrower sh 1 comply with all the provisions of the (ease. If Borrower
<br />e l ehold and the fee tide shall ot merge unless Lender agrees to the merger in writing.
<br />If nder required Mortgage I urance as a condition of making the Loan, Borrower shall
<br />ntain the Mortgage Insurance in ffect. If, for any reason, the Mortgage Insurance coverage
<br />�a.ilab e from the mortgage insure that previously provided such insurance and Borrower was
<br />gnat d payments toward the pr iums for Mortgage Insurance, Borrower shail pay the
<br />�erag substantially equivalent t the Mortgage Insurance previously in effect, at a cost
<br />�t to Borrower of the Mortgage nsurance previously in effect, from an alternate mortgage
<br />tant' ly equivalent Mortgage I urance coverage is not available, Borrower sha11 continue to
<br />sepa ately designated payments hat were due when the insurance coverage ceased to be in
<br />I reta n these payments as a non- efundable loss reserve in lieu of Mortgage Insurance. Such
<br />le, uptwithstanding the fact that e Loan is ultimately paid in full, and Lender sha11 not be
<br />rest r earnings on such loss res rve. Lender can no longer require loss reserve payments if
<br />he ount and for the period Lender requires) provided by an insurer selected by Lender
<br />ed, nd Lender requires separat y designated payments toward the premiums for Mortgage
<br />�rtga e Insurance as a condition of making the Loan and Borrower was required to make
<br />�war the premiums for Mortgag Insurance, Borrower shall pay the premiums required to
<br />ffect or to provide a non-refund ble loss reserve, until Lender's requirement for Mortgage
<br />any ritten agreement between orrower and Lender providing for such termination or until
<br />�ble w. Nothing in this Sectio 10 affects Borrower's obligation to pay interest at the rate
<br />will
<br />�to
<br />will
<br />is
<br />be
<br />Lender (or any entity t
<br />�ed. Borrower is nor a pan
<br />r total risk on all such
<br />or maiify their risk, or
<br />irer and the other party (c
<br />using any source of fun�
<br />surance premiums).
<br />Lender, any purchaser of
<br />ay receive (directly or rni
<br />or Mortgage Insurance, i
<br />ent provides Wat an affili�
<br />, the arrangement is often
<br />ot affect the amounts th�
<br />reements will not increa:
<br />ny refund.
<br />iot affect the rights Bo�
<br />it of 1998 or any ather :
<br />icellation of the Mortga�
<br />und of any Mortgage In
<br />Prceeeds; Forfeiture.
<br />Miscellaneous Proceeds s:
<br />sibte and Lender's securih
<br />Miscellaneous Proceed� i
<br />to Lender's satisfaction, �
<br />toration in a single disbu
<br />ie in writing or Applicab
<br />to pay Borrower any ic
<br />feasible or Lender's secu
<br />arity Instrument, whether
<br />lied in the order provided i
<br />truction, or loss in value
<br />unent, whether or not then
<br />�t purchases the Note) for certain losses it may incur if
<br />to the Mortgage Insurance.
<br />�surance in force from time to time, and may enter into
<br />duce losses. These agreements are on terms and conditions
<br />parties) to these agreements. These agreements may require
<br />that the mortgage insurer may have available (which may
<br />e Note, another insurer, any reinsurer, any other entity, or
<br />ectly) amounts that derive from (or might be characterized
<br />exchange for sharing or modifying the mortgage insurer's
<br />of Lender takes a share of insurer's risk in exchange for a
<br />med "captive reinsurance." Further:
<br />Borrower has agreed to pay for Mortgage Insurance, or
<br />the amount Borrower will owe for Mortgage Insarance,
<br />ver has--if any--�with �espect to the�Mortgage Insurance
<br />�. These rights may include the right to receive certain
<br />Insurance, to have the Mortgage Insurance terminated
<br />�ance premiums that were unearned at the time of such
<br />Miscellaneous Proceeds are hereby assigned to and shall
<br />�11 be applied to restoraxion or repair of the Properly, if the
<br />is not lessened. During such repair and restoration period,
<br />til Lender has had an opportunity to inspect such Property
<br />ovided that such inspection shall be undertaken promptly.
<br />ement or in a series of progress payments as the work is
<br />Law requires interest to be paid on such Miscellaneous
<br />:rest or earnings on sucli Miscellaneous Proceeds. If the
<br />ty would be lessened, the Miscellaneous Proceeds sha11 be
<br />r not then due, .with the excess, if any, paid to Borrower.
<br />r in 5ection 2.
<br />' the Property, the Miscellaneous Proceeds sha11 be applied
<br />ue, w'rth the excess, if any, paid to Borrower.
<br />NEBRASKA—Single Family—Fannie �ae/F�eddie Mac UNIFORM INSTRUIV�ENT Form 3028 7/07
<br />Bankers Systems, Inc., St. C�aid, MN Form MDi NE 6/ 7/2000 I (page 4 of 7 pages)
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