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201109223 I application process, gave materialiy false or inaccurate information or statements to Lender (or failed to provide Lender with any material information) in connection with the loan evidenced by the Note, including, but not limited to, representations concerning Borrower's occupancy ol' the Property as a principal residence. li' this Security Instrument is on a leasehold, Borro��-er sliall comply �vith the provisions of the Icase. [f'Borrower acquires tee title to the Property,the leasehold and tee title shall not be merged unless Lender agrees to the merger in writing. 5. Charges to Borrower and Protection of Lender's Rights in the Property. Borrower shall pa}' all governmental or municipal charges, fines and impositions that are not inciuded in Pa�agraph 2. Borrower shall pay these obligations on time directly to tlle entity which is owed the paymenC. ]f failure to pay would advcrsely affect L,ender's interest in the Propertiy, upon Lender's request Borr��wer shall promptly fw•nish to Lender receipts evidcncing these payments. [3orrower shall promptly discharge any lien which has priority over this Security Instrument in the manner provided in Paragraph 12(c). � IP E3orrower fails to �nake these paymei�ts or the property charges requircd by Paragraph 2, or fails to perform any other covenants and agreements contained in this Security Instrument, or thece is a legal proceeding that may signiticantly affcct Lender's rights in the Property (such as a proceeding in bankruptcy, for condemnation or tio ent��rce laws or regulations),then Lender may do and pay whatever is necessaiy to protect the value oC lhe Property and Lender's rights in the Property, including payment oP taxes. hacard insw•anc� and other items mentioned in Paragrapl�2. To protect Lender's secuiity in the Property, Lender shall advance and charge to Borrower all ai��ounts due to the Secretiary�for the Mortgage Insurance Premium ("MIP"')as defined in the Loan Agreement as well as all sums due to the loan servicer fior servicing activities ("Ser��icing Fee") as detined in the Loan Agreement. Any amounts disbursed by Lender under this Paragraph shall become an additional debt of Borro��er as provided I-or in the l.,oan Agreement and shall be secured by this Security Instrument. 6. Inspection. Lender or its agent may cnter on, inspect or make appraisals of the Property in a reasonable manner and at reasonable times provided that Lender shall give the [3orro�ver notice prior to any inspection or appraisal specifying a purpose tbr the inspection or appraisal which must be related to Lender's interest in the Property. If the Property is vacant or abandoned or the loan is in default, Lender may take reasonable action to protect and preserve such vacant or abandoned Yroperty without notice to the Borrower. 7. Condemnation. "I'he proceeds of any a��ard or claim for damages, direct or consequential. in connection �vith any condemnation, or other taking ol'any part of the Property,or for conveyance in place of condemnation shall be paid to Lender. "I'he proceeds shall be applied tirst to the reduction of anv indebledness under a Scconcl Note and Second Security Instrument held by� the Secretary on the Property, and then to the reduction oi�the indebted��ess under the Note and this Security 1nsU•ument. Any excess proceeds over an amount required to pay all outstanding indebtedness under the Note and this Security Instrument shall bc paid to the entity� Iegally entitled thereto. 8. Fees. Lender may cofleet fees and charges authorized by the Secretaiy. 9. Grounds for Acceleration of Debt. (a�) Due and Payable. Lender may require imir�ediate payi��cnt ii� fui( of all sui��s secured by this Security lnstrument if: (i) A Borrower dies and the Property is not the principal residence of at least one suiviving Boreower;or (ii) All ofi a Borrower's title in the Property(or his or her beneticial interesf in a trust o��vning all or part oi' the Property) is sold or otherwise trai�sfcrred and no other Bori-ower relains (aj title to the Property in fee � simple, (b) a leasehold under a lease tbr not less than 99 years ��hich is rene�vable or 1 lease having a remaining period of not less than 50 years beyond the date of the I OOth birthday of the youngcst Borrower, or (c) a life cstate in the Property (or retains a beneficial interest in a trust with such an interest in the Property) Nebraska f°Secvrlty/nst�-�rn7ent �7 l3ny Docs,Inc.06/l0 Page 3