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<br />assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid
<br />under theNote or this Security Instrument, and (b) any other ofBorrower's rights (other than the right to any refund
<br />of unearned prerniums 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 the insurance proceeds either to repair or reskore the
<br />Property or to pay amounts unpaid under the Note or this Securiry Inskrument, whether or noc then due.
<br />b. ' Occupancy. Borrower shall oecupy, establish, and use the Property as Borrower's principal residenee
<br />within 60 days after the execution of this Security 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, which
<br />consent shall nofbe unreasonably withheld, or unless extenuating circumstances eacist which are beyond Borrower's
<br />control.
<br />7. Preservation, l�aintenance and Protection of the Property; Inspections. Borrower 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, Borrower shall maintain the Property in order to prevent the Property from
<br />deteriorating or decreasing in value due to its condition. Unless it is deterxnined pursuant to Section S that, repair or
<br />restoration is not economically feasible,' Borrawer shall promptly repair the Property' if damaged to avoid :further
<br />deterioradon or damage. If insurance or condemnation proceeds are paid in connecdon with damage to, or the taking
<br />of; the Property, Borrower shall be responsible for repairing or restoring the Property only if Lender has released
<br />proceeds for suchpurposes. 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 sufficienf
<br />torepair or xestore the Property, :Borrower is nof 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 Property. If ithas reasonable cause,
<br />Lender may inspect the interior of the improvements on the Property. Lendex shall give Borrower notice at the time
<br />of or prior to such an interior inspection specifying such reasonable cause.
<br />8. Borrower's Laan Applicatipn. Borrowex shall be in default if, during;the Loan applicarion process,
<br />Borrower or any persons or entities acting at the direction of Bonower or with Borrower's knowledge or consent gave
<br />materially false, misleading, ox inaccurate information or statements ta Lender (or failed to provide Lender with
<br />material informarion} in connection with the Loan. Material xepresentations include, but ar� not limited to,
<br />representations concerning Borrower's occupancy of the Property as Borrower's principal residence.
<br />9. Protectian of Lender's Interest in the Property and Rights Under this Security Instrument. If (a)
<br />Borrower fails to perform the covenants and agreements contained in this Security instrument, (b) thexe is a legal
<br />proceeding that might significantly affect Lender's interest in the Property and/or rights under tlus Security Instrument
<br />{such as a proceeding in bankruptcy, probate, far condemnation or forfeiture, for enforcement of a lien which may
<br />attain prioriry over this Security Instrument or to enforce laws or regulations), or (c) Borrower has abandoned the
<br />Property, tlien Lender may do and pay for whatever is reasonable or appropriate to protect Lender's interest in the
<br />Pzoperty and rights under this Security Instnnment, including protecting and/or assessing the value of the Property,
<br />and securing.and/or repairing the Property. Lender's actions can include, but are not limited to: (a) paying any sums
<br />secured by a lien which has prioriry over this Security Instrument; (b) :appearing in court; and (c) paying reasonable
<br />attorneys' fees to protect its i�nterest in the Property and/or rights under this Securiry Instiument, including its secured
<br />position in a bankruptcy proceeding. Securing the Property includes, but is npt Iimited to, enCering 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 dangeraus conditions, and have utilities turned on or off. Although Lender may take action
<br />under this Section 9, Lender does not have to do so and is not under any dury or obligation to do so. It is agreed that
<br />Lender incurs no liabiliry 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 Borrower secured by this
<br />Security Instnunent. These amounts shall bear interest at the Note rate from the date of disbursement and`sha11 be
<br />payable, with such interest, upon notice from Lender to Borrower requesting payment.
<br />If this Security Instrument is on a leasehold, Borrower shati comply with al1 the provisions of the lease.
<br />Borrower shall not surrendex the leasehold estate and interests herein conveyed or terminate ar cancel the ground lease.
<br />Borrower sha11 not, without the e�ress written consent of Lender, alter or amend the ground lease. If Borrower
<br />acquires fee title to the Property, the leasehold and the fee title 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 prezniums required to maintain the Mortgage Insurance in effect. If, for any reason, the Mortgage
<br />Insurance coverage required by Lender ceases to be available from the mortgage insurer that previously provided such
<br />insurance and Borrower was required to make separately designated payments koward the premiums for Mortgage
<br />Insurance, Borrower sha11 pay the premiums, required to obtain coverage substantially equivalent to the Mortgage
<br />Insurance previously in effect, at a cost substantially equivalent to the cost to Borrower of the Mortgage Insurance
<br />previously in effect, from an alternate mortgage insurer selected by Lender. If substantially equivalent Mortgage
<br />Insurance coverage is not available, Borrower shall continue to pay to Lender the amount of the separately designated'
<br />payments that were due when the insurance coverage ceased to be in effect. Lender wi11 accept, use and retain these
<br />payments as a non refundable loss reserve in lieu of Mortgage Tnsurance. Such Ioss reserve shall be non-refundable, '
<br />notwithstanding the fact that the Loan is ultimately paid in ful1, and Lender shall not be required to pay Borrower any
<br />interest or earnings on such loss reserve. Lender can no longer require loss reserve payments if Mortgage Insurance
<br />coverage (in the amount and for the' period that Lender requires) provided by an insurer selected by Lender again
<br />becomes available, is obtained, and Lender requires separately designated payments toward the pxemiums for
<br />Mortgage Insurance. If Lender required Mortgage Insurance as a condikion of making the Loan and Borrower was
<br />required to make separately designated payments toward the premiums for Mortgage Insurance, Borrower shall pay
<br />NEBRASKA--Single Pamily--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT DocMaglc �
<br />Form 3028 1/01 Page 5 of 1 1 www. docmagic, com
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