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2011030��
<br />7. Preservation, Maintenance and Protection of he Property; Inspections. Borrc
<br />impair the Property, allow the Property to deteriorate or co 't waste on the Property.'Whe�
<br />the Property, Borrower shall maintain the Property in ord to prevent the Property frpm di
<br />due to its condition. Unless it is determined pursuant to Section 5 that repau or re�toral
<br />Borrower shall promptly repair the Property if damag to avoid further deteri;oratic
<br />condemnation proceeds are paid in connection with damage to, or the taking of, the ProLberty,
<br />repairing or restoring the Property only if Lender has rel sed proceeds for such purpqses.
<br />the repairs and restoration in a smgle payment or in a serie of progress payments as th� wor:
<br />condemnation proceeds are not sufficient to repair or resto e the Property, Borrower is not
<br />for the completion of such repair or restoration.
<br />Lender or its agent may make reasonable entries pon and inspections of the� Pro
<br />Lender may inspect the interior of the improvements on the Property. Lender shall give' Borr
<br />to such an interior inspection specifying such reasonable caus . '
<br />8. Borrower's Loan Application. Bortower shall in default if, during the ;Loan
<br />any persons or entities acting at the direction of Borrowe or with Bonower's knowledge
<br />misleading, or inaccurate information or statements to L nder (or failed to provide Lenc
<br />connection with the Loan. Material representations inclu e, but are not limited to, repre
<br />occupancy of the Property as Borrower's principal residence.
<br />9. Protection of Lender's Interest in the Property and Rights Under this Se,c�rity
<br />to perform the covenants and agreements contained in s Security Instrument, (b) there
<br />significantly affect Lender's interest in the Property and/ r rights under this Security Ins
<br />bankruptcy, probate, for condemnation or forfeiture, for nforcement of a lien wbich may
<br />Instrument or to enforce laws or regulations), or (c) Borr wer has abandoned the Property,
<br />whatever is reasonable or appropriate to protect Lender's interest in the Property and righ
<br />including protecting and/or assessing the value of the Pro erty, and securing and/or r�pair'v
<br />can include, but ase not limited to: (a) paying any sums se ured by a lien which has priority
<br />appearing in court; and (c) paying reasonable attomeys' ees to protect its interest i� the
<br />Security Instrument, including its secured position in a ankruptcy proceeding. Securing
<br />limited to, entering the Property to make repa�rs, change locks, replace or boazd up', door�
<br />pipes, eliminate building or other code violations or danger us conditions, and have utilities
<br />may take action under this Section 9, Lender does not ha e to do so and is not under any
<br />agreed that Lender incurs no liability for not taking any or all actions authorized under this Secti
<br />Any amounts disbursed by Lender under this Sec ion 9 shall become additidnal c
<br />Security Instrument. These amounts shall bear interest at th Note rate from the date of disbu
<br />such interest, upon notice from Lender to Bonower reques ' g payment.
<br />If this Security Instrument is on a leasehold, Bono er shall comply with all tlie prc
<br />acquires fee title to the Property, the leasehold and the fee tit e shall not merge unless Lender ag
<br />10. Mortgage Insurance. If Lender required Mort age Insurance as a conditiqn of
<br />pay the premiums required to maintain the Mortgage Insur ce in effect. If, for any r�ason,
<br />required by Lender ceases to be available from the mortgag insurer that previously pro'vided
<br />required to make separately designated payments towar the premiums for Mortgage It
<br />premiums required to obtain coverage substantially equi alent to the Mortgage Insuranc
<br />substantially equivalent to the cost to Bonower of the M rtgage Insurance previously in e
<br />insurer selected by Lender. If substantially equivalent Mort age Insurance coverage is not av
<br />pay to Lender the amount of the separately designated pa ents that were due when the n
<br />effect. Lender will accept, use and retain these payments a a non-refundable loss reserve in
<br />loss reserve shall be non-refundable, notwithstanding the f ct that the Loan is nitimate�y pa
<br />required to pay Borrower any interest or eamings on such oss reserve. Lender can no long�
<br />Mortgage Insurance coverage (in the amount and for the pe 'od that Lender requires) prpvide
<br />again becomes available, is obtained, and Lender requires eparately designated paym�nts ti
<br />Insurance. If Lender required Mortgage Insurance as a c ndrtion of making the Loah anc
<br />separately designated payments toward the premiums for ortgage Insurance, Bonovyer sl
<br />maintain Mortgage Insurance in effect, or to provide a no -refundable loss reserve, u$itil L
<br />Insurance ends in accordance with any written agreement tween Borrower and Lende�! prov
<br />termination is required by Applicable Law. Nothing in thi Section 10 affects Bonowa�'s ol
<br />provided in the Note.
<br />Mortgage Insurance reimburses Lender (or any e tity that purchases the Nnte) f
<br />Borrower does not repay the Loan as agreed. Borrower is no a party to the Mortgage Insuranc�
<br />Mortgage insurers evaluate their total risk on all such insurance in force fiiom t
<br />agreements with other parties that share or modify their ri k, or reduce losses. These �gree�
<br />that axe satisfactory to the mortgage insurer and the other (or parties) to these agr�eeme�
<br />the mortgage insurer to make payments using any source f funds that the mortgage ;insure
<br />include funds obtained from Mortgage Insurance premiums). '
<br />As a result of these agreements, Lender, any purch ser of the Note, another ins�rer,
<br />any affiliate of any of the foregoing, may receive (directly or indirectly) amounts that dern
<br />as) a portion of Borrower's payments for Mortgage Insur ce, in exchange for sharing or
<br />risk, or reducing losses. If such agreement provides that affiliate of Lender takes a share
<br />share of the premiums paid to the insurer, the arrangement is often termed "captive reinsurance
<br />(a) Any such agreements will not affect the amo ts that Borrower has agre�ed ta
<br />any other terms of the Loan. Such agreements will not crease the amount Borro�ver v
<br />and they will not entitle Borrower to any refund.
<br />(b) Any such agreeanents will not affect ttne righ s Borrodver has—if any--with re
<br />under the Homeowners Protection Act of 1998 or any ther law. These rights m�y in�
<br />disclosures, to request and obtain cancellation of the ortgage Insurance, to hav� the
<br />automatically, and/or to receive a refund of any Mortg ge Insurance premiums tl�at w
<br />cancellation or termination.
<br />11. Assignment of Miscellaneous Proceeds; Forf 'ture. All Miscellaneous Prpceed
<br />be paid to Lender. �
<br />If the Property is damaged, such Miscellaneous Pro eds shall be applied to restorati�
<br />restoration ar repair is economically feasible and Lender's securiry is not lessened. D�ring
<br />Lender shall have the right to hold such Miscellaneous Pr ceeds until Lender has had �n o�
<br />to ensure the work has been completed to Lender's satisf ction, provided that such i�}spect
<br />Lender may pay for the repairs and restoration in a singl disbursement or in a sen$s of
<br />completed. Unless an agreement is made in writing or pplicable Law requires int�rest
<br />Proceeds, Lender shall not be required to pay Borrower any interest or earnings opn suc
<br />restoration or repair is not economically feasible or Lende 's security would be lessen�d, t�
<br />applied to the sums secured by this Security Instrument, hether or not then due, wit� the
<br />Such Miscellaneous Proceeds shall be applied in the order pr vided for in Section 2.
<br />In the event of a total taking, destruction, or loss value of the Property, the 1Vlisce
<br />to the sums secured by this Security Instrument, whether or ot then due, with the excess,l if an;
<br />NEBRASKA—Single Family—Fannie Mae/Freddie Mac UNIFORM
<br />Bankers Systems, Inc., St. Cloud, MN Form MD-1-NE 8/17/2000
<br />�er shall not destroy, damage or�
<br />er or not Bonower is residing in
<br />;riorating or decreasing in value
<br />�n is not economically feasible,
<br />or damage. If insurance or
<br />3onower shall be responsible for
<br />�nder may disburse proceeds for
<br />is completed. If the insurance or
<br />:lieved of Borrower's obligation
<br />If it has reasonable cause,
<br />notice at the time of or prior
<br />rlication process, Bonower or
<br />consent gave materially false,
<br />with material information) in
<br />ations concerning Borrower's
<br />nstrument. If (a) Bonower fails
<br />s a legal proceeding that might
<br />ument (such as a proceeding in
<br />ittain priority over' tlus Security
<br />hen Lender may do and pay for
<br />under this Security Instrument,
<br />; the Property. Lender's actions
<br />�ver this Security Instrument; (b)
<br />roperty and/or rights under this
<br />�e Property includes, but is not
<br />and windows, drain water from
<br />rned on or off. Although Lender
<br />uty or obligation to do so. It is
<br />of Borrower secured by this
<br />�nt and shall be payable, with
<br />isions of the lease. If Borrower
<br />°es to the merger in writing.
<br />zaking the Loan, Borrower shall
<br />he Mortgage Insurance coverage
<br />�uch insurance and Borrower was
<br />urance, Borrower shall pay the
<br />previously in effect, at a cost
<br />Fect, from an alternate mortgage
<br />lable, Borrower shall continue to
<br />�urance coverage ceased to be in
<br />eu of Mortgage Insurance. 5uch
<br />in full, and: i,end�r shalI not be
<br />require ioss reserve payments if
<br />by an insurer selected by Lender
<br />�vard the premiums for Mortgage
<br />Bonower was required to make
<br />ll pay the premiums required to
<br />nder's requirement for Mortgage
<br />iing for such termination or until
<br />igation to pay interest at the rate
<br />certain losses it may incur if
<br />,e to time, and may enter into
<br />;nts are on terms and conditions
<br />�. These agreements may require
<br />may have available (which may
<br />y reinsurer, any other entity, or
<br />from (or might be characterized
<br />odifying the mortgage insurer's
<br />insurer's risk in exchange for a
<br />Further:
<br />ay for Mortgage Insurance, or
<br />l owe for Mortgage Insurance,
<br />�t to the 1��Iortgage Insurance
<br />e the right to receive certain
<br />irtgage Insurance terminated
<br />unearned at the time of such
<br />aze hereby assigned to and shall
<br />or repair of the Property, if the
<br />�h repair and restoration geriod,
<br />irtunity to inspect such Property
<br />� shall be undertaken promptly.
<br />ogress payments as the work is
<br />be paid on such Miscellaneous
<br />Miscellaneous Proceeds. If the
<br />Miscellaneous Proceeds shall be
<br />�cess, if any, paid to Borrower.
<br />laneous Proceeds shall be applied
<br />, paid to Borrower.
<br />Form 302�
<br />4 of 7 pages����
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