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<br />tion 5 that repair or restoration is not economically feasible, Bonower shall promptly repair the Property if
<br />iaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in
<br />nection with damage to, or the taking of, the Property, Bonower shall be responsible for repairing or
<br />oring the Property only if Lender has released proceeds for such purposes. Lender may disburse proceeds
<br />the repairs and restoration in a single payment or in a series of progress payments as the work is
<br />�pleted. If the insurance or condemnation proceeds are not sufficient to repair or restore the Properly,
<br />rower is not relieved of Borrower's obligation for the completion of such repair or restoration.
<br />Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable
<br />se, Lender may inspect the interior of the improvements on the Property. Lender shall give Bonower
<br />ice at the time of or prior to such an interior inspection specifying such reasonable cause.
<br />8. Borrower's Loan Application. Bonower shall be in default if, during the Loan application process,
<br />rower or any persons or entities acting at the direction of Bonower or with Bonower's knowledge or
<br />sent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to
<br />vide Lender with material information) in connection with the Loan. Material representations include, but
<br />not limited to, representations concerning Borrower's occupancy of the Property as Borrower'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) Borrower 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 Property.
<br />�nder's actions can include, but are not limited to: (a) paying any sums secured by a lien which has priority
<br />rer this Security Instrument; (b) appearing in court; and (c) paying reasonable attorneys' fees to protect its
<br />terest in the Property 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 boazd 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 beaz interest at the Note rate from the date of disbursem�nt
<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, Bonower shall comply with all the provisions of the lease. If
<br />onower 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 ma.king the Loan,
<br />orrower shall pay the premiums required to mainta.in 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 Bonower was required to make separately designated payments
<br />�ward the premiums for Mortgage Insurance, Bonower shall pay the premiums required to obtain coverage
<br />�bstantially equivalent to the Mortgage Insurance previously in effect, at a cost substantially equivalent to the
<br />�st to Bonower of the Mortgage Insurance previously in effect, from an altemate mortgage insurer selected
<br />� Lender. If substantially equivalent Mortgage Insurance coverage is not available, Bonower shall continue
<br />� pay to Lender the amount of the sepazately 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 Bonower 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 />railable, is obtained, and Lender requires separately designated payments toward the premiums for Mortg�ge
<br />�surance. If Lender required Mortgage Insurance as a condition of making the Loan and Borrower was
<br />:quired to make separately designated payments toward the premiums for Mortgage Insurance, Borrower shall
<br />BRASKA- Single Family - FannieMae/FreddieMac UNIFORM INSTRUMENT
<br />rm 30281/01
<br />er Forms Inc. (800) 448-3555 1 r
<br />#FNMA3028 4/02 Page 7 of 13 Initials:
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