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20110402�
<br />�ction 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Properiy if
<br />�.tnaged to avoid further deterioration or damage. If insurance or condemnation proceeds aze paid in
<br />�nnection with damage to, or the taking of, the Property, Borrower shall be responsible for repairing or
<br />;storing the Property only if Lender has released proceeds for such purposes. Lender may disburse proceeds
<br />ir the repairs and restoration in a single payment or in a series of progress payments as the work is
<br />�mpleted. If the insurance or condemnation proceeds are not sufficient to repair or restore the Property,
<br />onower is not relieved of Borrower's obligation for the completion of such repair or restoration.
<br />Lender or its agent may malce reasonable entries upon and inspections of the Property. If it has reasonable
<br />�use, Lender may inspect the interior of the improvements on the Property. Lender shall give Borrower
<br />�tice at the time of or prior to such an interior inspection specifying such reasonable cause.
<br />8. Borrower's Loan Application. Borrower sha11 be in default if, during the Loan application process,
<br />orrower or any persons or entities acting at the direction of Borrower or with Bonower's knowledge or
<br />�nsent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to
<br />•ovide Lender with material information) in connection with the Loan. Material representations include, but
<br />�e not limited to, representations concerning Borrower's occupancy of the Property as Bonower's principal
<br />9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. If (a)
<br />orrower fails to perform the covenants and agreements contained in this Security Instrument, (b) there is a
<br />gal proceeding that might significantly affect Lender's interest in the Property and/or rights under this
<br />�curity Instrument (such as a proceeding in bankruptcy, probate, for condemnation or forFeiture, for
<br />iforcement of a lien which may attain priority over this Security Instrument or to enforce laws or
<br />;gulations), or (c) Bonower has abandoned the Property, then Lender may do and pay for whatever is
<br />;asonable or appropriate to protect Lender's interest in the Property and rights under this Security Instrument,
<br />cluding protecting and/or assessing the value of the Property, and securing andlor repairing the Properly.
<br />�nder's actions can include, but aze not limited to: (a) paying any sums secured by a lien which has priority
<br />✓er this Security Instrument; (b) appearing in court; and (c) paying reasonable attorneys' fees to protect its
<br />terest in the Properiy and/or rights under this Security Instrument, including its secured position in a
<br />�nkruptcy proceeding. Securing the Property includes, but is not limited to, entering the Property to make
<br />pairs, change locks, replace or board up doors and windows, drain water from pipes, eliminate building or
<br />;her code violations or dangerous conditions, and have utilities turned on or off. Although Lender may take
<br />;tion under this Section 9, Lender does not have to do so and is not under any duty or obligation to do so. It
<br />agreed that Lender incurs no liability for not taking any or all actions authorized under this Section 9.
<br />Any amounts disbursed by Lender under this Section 9 shall become additional debt of Bonower secured
<br />✓ this Security Instrument. These amounts shall bear interest at the Note rate from the date of disbursement
<br />id shall be payable, with such interest, upon notice from Lender to Borrower requesting payment.
<br />If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease. If
<br />�rrower acquires fee title to the Property, the leasehold and the fee title shall not merge unless Lender agrees
<br />the merger in writing.
<br />10. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan,
<br />onower shall pay the premiums required to maintain the Mortgage Insurance in effect. If, for any reason, the
<br />[ortgage Insurance coverage required by Lender ceases to be available from the mortgage insurer that
<br />•eviously provided such insurance and Borrower was required to make separately designated payments
<br />ward the premiums for Mortgage Insurance, Bonower shall pay the premiums required to obtain coverage
<br />ibstantially equivalent to the Mortgage Insurance previously in effect, at a cost substantially equivalent to the
<br />�st to Borrower of the Mortgage Insurance previously in effect, from an alternate mortgage insurer selected
<br />� Lender. If substantially equivalent Mortgage Insurance coverage is not available, Borrower shall continue
<br />pay to Lender the amount of the separately designated payments that were due when the insurance coverage
<br />;ased to be in effect. Lender will accept, use and retain these payments as a non-refundable loss reserve in
<br />�u of Mortgage Insurance. Such loss reserve shall be non-refundable, notwithstanding the fact that the Loan
<br />ultimately paid in full, and Lender shall not be required to pay Borrower any interest or earnings on such
<br />ss reserve. Lender can no longer require loss reserve payments if Mortgage Insurance coverage (in the
<br />nount and for the period that Lender requires) provided by an insurer selected by Lender again becomes
<br />+ailable, is obtained, and Lender requires separately designated payments towazd the premiums for Mortgage
<br />surance. If Lender required Mortgage Insurance as a condition of making the Loan and Bonower was
<br />quired to make sepazately designated payments toward the premiums for Mortgage Insurance, Borrower shall
<br />BRASKA- Single Family - FannieMae/FreddieMac UNIFORM INSTRUMENT
<br />rm 30281/01
<br />er Farms Inc. (600) 446
<br />#FNMAao2a aio2 Page7 of 13 Initiais:
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