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<br />when tlze notice is given. In either event, or if Lender acquires the Property under Section 22 or otherwise,
<br />Borrower hereby assigns to Lender (a) $orrower's rights to any insurance proceeds in an amount not to exceed
<br />the amounts unpaid Under the Note or this Security Instrument, and (b) arry ott�er afBorrower's rights (other than
<br />the ri�ht to any re£und of uneamed premiums paid by Borrower) under all insurance palicies covering the
<br />Praperty, insofar as such rights are applicable xo the coverage of the Property. I.ender may use the insurance
<br />proceeds either to repair or restore the Property or to pay amoUnts w�paid under the Note or this Security
<br />Instrument, whether or not then due.
<br />6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principai
<br />residence within 60 days after the sxacution of this Security Instrument and shall continue to occ�rpy the Praperiy
<br />as Bozrower's principat residence for at Ieast one year after the date of occupancy, unless Lender otherwise agrees
<br />in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are
<br />beyond Borrower's control.
<br />7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not
<br />destroy, damage or impair the Property, allow the Property to deteriarate or cornmit waste on the Property.
<br />Whether or not Bormwer is residin� in the ProperCy, Borrower shall maintain the Property in orderto prevent the
<br />Property from deteriorating or decreasing in value due to its conditian. Unless it is determined pvrsuant to
<br />Section 5 that repair or restoraxion is not economically feasible, Borrower shail promptly repair the Property if
<br />damaged to avoid further deterioration or damage. If insurance ar condemnation proceeds are paad in cormection
<br />with damaae to, or the taking of, the Praperty, Borrower shall be responsible for repairing or restoring the
<br />Property only if Lender has released proceeds for such purposes. Lender may disburse proceeds for the repairs
<br />and restoration in a single payment or m a series of prob ess payments as the work is completed. If the insurance
<br />or condemnation proceeds are not sa�cient to repair or restore the Property, Borrowe� is not ralieved of
<br />Borrower's obligation for the completion of svch repair or restoration.
<br />Lender or its agent may malte reasonable entries upon and inspections of tha Property. Tf it has
<br />reasonable canse, Lender may inspect the interior of the improvements on the Property. Lender shall give
<br />Borrower notice at the time of or prior to such an interior inspection spacifying such reasonable cause.
<br />$. Borrower's Loan Application. Borrower shall be in default if, during the J.,aan application
<br />process, Bonower ar any persons or entities actin� at the direction of Borrower vr with Bonrower's knowledge or
<br />consent gave materialiy faIse, mislead in;, or inaccurate information or statements to Lender (or failed to provide
<br />Lender with materiai information} in connection with the Loan. MateriaJ representations inolude, but are nat
<br />limited to, representations concerning Barrativer's occupancy of ttie Property as Borrower's principal residence.
<br />9. Protection of Lettder's Interest i�n the Property and Itights Under this Secnrity Instrumen� If
<br />{a) Borrower fails to perforrn the covenants and agreements contained in this Security Instnunent, (b) there is a
<br />iegaI proceedittg that might si�ificantly affect Lender's interest in the Psoperty and/or rights urnler this Security
<br />Iastrwnent (sach as a proceedmg ►n bankrvptcy, probate, for conderrmation or for.feiLure, for enforeement of a lien
<br />which may attain priarity over this Secarity Instrument or to enforce laws or re�ulativns), or (c) Borrower has
<br />abaridoned the Pcvperty, then Lertder may do and pay for whatever is reasonable or appropriate to protect
<br />Lender's izrter�st in the Properiy and rights vnder this Security Inshvment, including protecting at�d/or assessin�
<br />the vaiue of the Property, and securino and/or repairina the Property. Lender's actions can include, but are not
<br />lirnited ta: (a} payin� any sums secured by a lien which has priority over this Security Instnxment; (b) appearing
<br />in cpuR; and (c) paying reasonabte attarneys' fees to protect its interest in the Praperiy and/or rights under this
<br />Secarity Instivment, including its secured position in a bankruptcy proceeding. Securing the Praperty includes,
<br />but is nat Iimited to, errterin� the Praperty to make repairs, chan�e ]ocks, repl�ce or board up doors and windows,
<br />drain watar fram pipes, eliminate building or other code violations or dangeroas conditions, and have utilities
<br />turned an or off. Aithough Lender may take action ander this Section 9, Lender does not have to do so and is not
<br />under any duty or obti�ation to do so. 1t is agreed that Lender incnrs no liability for not takin� any or all actions
<br />authorized under this Section 9.
<br />Any amounts dishursed by Lender under this Section 9 shall become additional debt of Barrower
<br />secured by this Security Instiument. These amaunts shall beaz interest at the Note rate fram the date of
<br />disbursement and shall be payable, w'rth such interest, upon notice from Lenderto Borrower requesting payment
<br />Ifthis Security Insirument is an a teaseho[d, Borrower shall comply with all the provisions of the lease.
<br />If Borrower acquires fee title to the Property, the leasehold and tYie fee title shall not merge unless I ender a�,arees
<br />to the merger m writing.
<br />I0. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of zrraking the
<br />Loan, Borrawer shall pay the premiums required to maintain the Mortgage Insurance in effect. ff, for any reason,
<br />the Mortga;a Insnrance covera�e required by Lender ceases to be availabla froxn the mortga�e insurer that
<br />previously providad such insurance and Borrower was required to make separately designated payments taward
<br />the premiums for Markgage Insurance, Borrower shatt paythe premiums required to obta.m coverage substantially
<br />equivalent to the Mortgage Insurance previously in effect, aC a cost svbstantiaily equivalent fio the cost ta
<br />Borrower ofthe Mortgage Insurance previousiy in effect, frorn an alternate rrtortgage insurer selacted by I.ender.
<br />If substantiatly equivalent Mortgage Insurance coverage is not available, Bocrower shall contineae to pay to
<br />Lender the amount aPthe separately designa#ed payments that were due when the insurance coverage ceased to be
<br />in effect. T.ender witi accep� use and retain these payments as a nan-refundable Ioss reserve in tieu of Mozt�age
<br />Insurance. Such loss reserve shall be non-refundable, notwithstanding the fact that the Loan is ultimately paid in
<br />fizZl, and Lender shal[ not be required ta pay Borrower any interest or earnings on snch loss reserve. I.ender can
<br />no Ionger re�uire Ioss reserve payments if Mortgage Insurance coveraae (in the arnount and for the period that
<br />Lender reqvires) provided by an insurer selected by Lender again becomes available, is obtained, and Lender
<br />requires separately designated payments toward the premiums for Mortgage Tnsurance. If �,ender required
<br />MorCgage Insarance as a condition of makin� the Loan and Borrower was required to malce separateIy designated
<br />payments toward the premiums for Mortga�e Insurance, Borrower shali pay ttre premiums required to maintain
<br />Mortgage Tnsurance �n eff'ect, or to provide a nan-refundabte loss reserve, until Lender's requirement for
<br />Mortgage Tnsurance ends in accordance with any written a�eeznent between Barrower and Lender providing far
<br />such terrnination or antil ternunation is requzred by Applicable Law. Nothing in this Section 10 affects
<br />Borrowet's obligation to pay interest at the rate provided in tha Note.
<br />Mortgage Insurance reimburses Lender (or any entity that purchases We Nate) for certain losses it may
<br />incur if Borrower does not repay the Loan as agreed. Borrower is not a party to the Mortgage insurance.
<br />NEBRASKA--Singie Family--I'annic MaclFredd+c Mac iil�'ITdRM INSTRUM�NT (MERS) Form 30281/Ol {page 5 of 9 puges}
<br />12439,CV (9/i i) 43a0102506 Creative Thinicing, Inc.
<br />GOTp(0034183d)
<br />C�'►
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