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20110�694
<br />assigns to Lender (a) Bonower's rights to any insurance proceeds in an amount not to exceed the ounts unpaid
<br />under the Note or this Security Instrument, and (b) any other of Bonower's rights (other than the rigl�t to any refund
<br />of unearned premiums paid by Bonower) under all insurance policies covering the Property, insofat as such rights
<br />aze applicable to the coverage of the Property. Lender may use the insurance proceeds either to repa�r or restore the
<br />Property or to pay amounts unpaid under the Note or this Security Instrument, whether or not then �lue.
<br />6. Occupancy. Bonower shall occupy, establish, and use the Property as Bonower's prineipal residence
<br />within 60 days after the execution of this Se,curity Instrument and shall continue to occupy the Propert}� as Bonower's
<br />principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees m Iwriting, which
<br />consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are beydnd Bonower's
<br />control.
<br />7. Preservation, Maintenance and ProtecHon of the Property; Inspections. Bonower sh 1 not destroy,
<br />damage or impair the Property, allow the Property to deteriorate or commit waste on the Property. �Vhether or not
<br />Bonower is residing in the Property, Borrower shall maintain the Properiy in order to prevent the Property from
<br />deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to S�tion that repair or
<br />restoration is not economically feasible, Borrower shall promptly repair the Property if damaged t� avoid furkher
<br />deterioration or damage. If insurance or condemnation proceeds aze paid in connection with damage to, or the taking
<br />of, the Property, Borrower shall be responsible for repairing or restoring the Property only if Lend r has released
<br />proceeds for such purposes. Lender may disburse proceeds for the repairs and restoration in a singl�payment or in
<br />a series of progress payments as the work is completed. If the insurance or condemnation proceeds aze not sufficient
<br />to repair or restore the Property, Bonower is not relieved of Bonower's obligation for the completio� of such repair
<br />or restoration.
<br />Lender or its agent may make reasonable entries upon and inspections of the Property. If it has r I onable cause,
<br />Lender may inspect the interior of the improvements on the Property. Lender shall give Bonower no,tice at the time
<br />of or prior to such an interior inspection specifying such reasonable cause.
<br />8. Borrower's Loan Application. Borrower shall be in default if, during the Loan appli ation process,
<br />Bonower or any persons or entities acting at the d'uection of Bonower or with Bonower's knowledge or consent gave
<br />materially false, misleading, or inaccurate information or statements to Lender (or failed to provic�e Lender with
<br />material information) in connection with the Loan. Material representations include, but aze �1ot limited to,
<br />representations concerning Bonower's occupancy of the Property as Bonower's principal residence.
<br />9. Protection of Lender's Interest in the Property and Rights Under this S�urity Instr If (a)
<br />Borrower fails to perform the covenants and agreements contained in this Security Instrument, (b) there is a legal
<br />proceeding that might significantly affect Lender's interest in the Property and/or rights under this Security Instrument
<br />(such as a proceeding in bankruptcy, probat�, for condemnation or forfeiture, for enforcement of a 1 en which may
<br />attain priority over this 5ecurity Instnunent or to enforce laws or regulations), or (c) Borrower has �bandoned the
<br />Property, then L.ender may do and pay for whatever is reasonable or appropriate to protect Lender's interest in the
<br />Property and rights under this Security Instrument, including prote,cting and/or assessing the value o the Property,
<br />and securing and/or repairing the Property. Lender's actions can include, but are not limited to: (a) p ying any sums
<br />secured by a lien which has priority over this Security Instrument; (b) appearing in court; and (c) paying reasonable
<br />attorneys' fees to protect its interest in the Properly and/or rights under this Security Instrument, inclu ing its secured
<br />position in a bankruptcy proceeding. Se,curing the Property includes, but is not limited to, entering � e Property to
<br />make repairs, change locks, replace or boazd up doors and windows, drain water from pipes, el' ' te building or
<br />other code violations or dangerous condirions, and have utilities turned on or off. Although Lender x�pay take action
<br />under this S�tion 9, Lender does not have to do so and is not under any duty or obligation to do so. I� is agreed that
<br />Lender incurs no liability for not taking any or all actions authorized under tYus Section 9.
<br />Any amounts disbursed by Lender under this Sec:tion 9 shall bec;ome additional debt of Bonower Secur� by this
<br />Security Instrument. These amounts shall beat interest at the Note rate from the date of disburseme�t and shall be
<br />payable, with such interest, upon notice from Lender to Borrower requesting payment.
<br />If this S�urity Instrument is on a leasehold, Borrower shall comply with a11 the provisions of the lease.
<br />Borrower shall not surrender the leasehold estate and interests herein conveyed or terminate or cancel th ground lease.
<br />Borrower sha11 not, without the express written consent of Lender, alter or amend the ground lease� If Bonower
<br />acquires fee title to the Property, the leasehold and the fee title sha11 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 L.�an, Borrower
<br />sha11 pay the premiums 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 sepazately designated payments towazd the premiums for Mortgage
<br />Insurance, Bonower shall 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 Bonower of the Mort age Insurance
<br />previously in effect, from an alternate mortgage insurer selected by Lender. If substantially equiva�ent Mortgage
<br />Insurance coverage is not available, Bonower sha11 continue to pay to Lender the amount of the separat�ly designated
<br />payments that were due when the insurance coverage ceased to be in effect. Lender will accept, use and retain these
<br />payments as a non-refundable loss reserve in.lieu of Mortgage Insurance. Such loss reserve sha11 be n¢n-refundable,
<br />notwithstanding the fact that the Loan is ultimately paid in full, and Lender shall not be required to paylBonower 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 towazd the remiums for
<br />Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan and Bonower was
<br />required to make sepazately designated payments towazd the premiums for Mortgage Insurance, Bon�wer shall pay
<br />NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />Form 3028 1/01 Page 5 of 11
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