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20]203243
<br />DOC ID #: 60024193953304012
<br />6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence
<br />within (30 days after the execution of this Security Instrument and shall continue to occupy the Property as
<br />BOIIOWCr'S principal residence for at least one year after the date of occupancy, unless Lender otherwise
<br />agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances
<br />exist which are beyond Borrower's control.
<br />Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy,
<br />damage or impair the Propcity, allow the Property to deteriorate of commit waste on the Property _ Whether
<br />or not Borrower is residing in the Property, Borrower shall maintain the Property in older to prevent the
<br />Property from deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to
<br />Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the
<br />Property if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds are
<br />paid in connection with damage to, or the taking of, the Property, Borrower shall be responsible for
<br />repairing or restoring the Property only if Lender has released proceeds for such purposes. Lender may
<br />disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as
<br />the work is completed. If the insurance or condemnation proceeds are not sufficient to repair or restore the
<br />Property, Borrower 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 />cause, Lender may inspect the interior of the improvements on the Property _ Lender shall give Borrower
<br />notice at the time of or prior to such an interior inspection specifying such reasonable cause.
<br />R. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process,
<br />Borrower or any persons or entities acting at the direction of Borrower or with Borrowers knowledge or
<br />consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to
<br />provide Lender with material information) in connection with the Loan. Material representations include,
<br />but are not limited to, representations concerning Borrower's occupancy of the Property as Borrower's
<br />principal residence.
<br />Protection of Lender's Interest in the Property and Rights tinder this Security Instrument. If (a)
<br />Borrower fails to perform the covenants and agreements contained in this Security Instrument (b) there is a
<br />legal proceeding that might significantly atTcot Lender's interest in the Property and/or rights under this
<br />Security Instrument (such as a proceeding in bankruptcy, probate, for condemnation m forfeiture, for
<br />enforcement of a lien which may attain priority over this Security Instrument or to enforce laws or
<br />regulations), or (c) Borrower has abandoned the Property, then Lender may do and pay for whatever is
<br />reasonable or appropriate to protect Lender's interest in the Properly and rights under this Security
<br />Instrument, including protecting and /or assessing the value of the Property, and securing and /or repairing
<br />the Properly. Lender's actions can include, but are not limited to (a) paying any sums secured by a lien
<br />which has priority over this Security Instrument (b) appearing in court and (c) paying reasonable
<br />attorneys' fees to protect its interest in the Property and /or rights under this Security Instrument, including
<br />its secured position in a bankruptcy proceeding_ Securing the Properly includes, but is not limited to,
<br />entering the Property to make repairs, change locks, replace or board up doors and windows, drain water
<br />from pipes, eliminate building or other code violations or dangerous conditions-, and have utilities turned on
<br />or off. Although Lender may take action under this Section 9, Lender does not have to do %a and is not
<br />under any duty or obligation to do so_ It is agreed that Lender incurs no liability for not taking any or all
<br />actions authorized under this Section 9.
<br />Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower secured
<br />by this Security Instrument. These amounts shall bear interest at the Note rate from the date of
<br />disbursement and shall be payable, with such interest, upon notice from [,ender to Borrower requesting
<br />payment.
<br />If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease- If
<br />Borrower acquires fee title to the Property, the leasehold and the fee title shall not merge unless Lender
<br />agrees to the merger in writing.
<br />10. Mortgage Insurance If Lender required Mortgage Insurance as a condition of making the Loan, Borrower
<br />shall pay the premiums required to maintain the Mortgage Insurance in effect. If, for any reason, the
<br />Mortgage Insurance coverage required by lender ceases to be available from the mortgage insurer that
<br />previously provided such insurance and Borrower was required to make separately designated payments
<br />toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to obtain
<br />coverage substantially equivalent to the Mortgage Insurance previously in effect, at a cost substantially
<br />equivalent to the cost to Borrower of the Mortgage Insurance previously in effect, from an alternate
<br />mortgage insurer selected by Lender. If substantially equivalent Mortgage Insurance coverage is not
<br />available, Borrower shall continue to pay to Lcndcr the amount of the separately designated payments that
<br />NEBRASKA -- Single Family -- Fannie MaelFreddie Mac UNIFORM INSTRUMENT (MERS) Form 3028 1101
<br />MERS Deed of Trust -NE
<br />2006A -NE (12111) Page 6 of 12
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