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24120358�
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<br />1111062347
<br />Property as Boaower's principal residence for at least oae year after the date nf occupancy, unless Lender
<br />otherw�ise agr�es in writing, which cansent shall not be unreasonably withheld, or unless extenuating
<br />eircumstances exist which are beyond Boaower's control.
<br />7. preservation, Ma�lntenance a:nd Protection of the Property; Inspections. Borrower shall not
<br />destroy, dam�ge or impair the Property, allow the Property to deteriorate or commit waste on the Property.
<br />Whether or not Borrower is residsng in the Property, Borrower shall mainlain the Properry m order to prevent
<br />the Property $�m deteriorating or decreasing in value due to its condition Unless it is determined pursuant to
<br />Section S that repaar or restoration is not economically feasible, Borrower shall prompfily repair the Pro�erty
<br />if damaged to avoid fiuther deterioration or damage. If insurance or condemnation proceeds are paid in
<br />coanection with damage to, or the t�ng of, the property, Borzower shall be responsible for repairing or
<br />restoring the Property only if T�ender has released proceeds for such purposes. Leander may disburse proceeds
<br />for the repairs and restoration in a single payment or in a series of progress payments as the wor.k is
<br />completed. If the insurance or condemnation proceeds are not sufficient to repair or restore the Properiy,
<br />Barrower is not relieved of.Borrower's obliga.tion for the completion of such repair or restoration.
<br />Le�der or its agen't may make reasonable entries upon and inspeclions of the Property. If it has
<br />reasonable canse, Lend�r ma.y mspeet the interior of the im�rovements on the Properiy. Lender sha11 give
<br />Borrower notice at the time of or prior to suc�i a� interior inspection specifying such reasvnable cause.
<br />8. Bozro�wer's Loan Applieation. Borrower shall be in defa.ult if, during the Loan application
<br />process, Borrower or any parsoss or enEities actang at the direction of Borrower or with Borrower's
<br />l�owledge or conseat gave materially false, misleading, or inaccvrate information or statements to Lender
<br />(or failed to pro�vide Leudex with material infoimation) in connection with the T,oan. Maxerial representations
<br />include, but aae not limited to, representations eoacerning Borrower's occupancy of the Properiy as
<br />Borrower's principal residence. '
<br />9. Protecl3on of Lender's l�erest in the Properl� and R�tghts Under tLis Secnrity Instrament.
<br />If (a) Borrower fails to perform the covenants and agreements contained in this Security Inshvmeat, (b) there
<br />is a legal proceeding tha.t might significantiy affect Lender's interest i� the Property a�d/or rights under this
<br />Security Iastrument (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for
<br />enfozcement 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 Property and rights under this Security
<br />Instn�ent, including protecting and/or assessing the vatue of the Property, and securing andlor repairing the
<br />Property. Lender's actions ean include, but aze not limited to: (a) paying an.y sums secured by a lien which
<br />has priority over this Security Iastrumeat; {b) appeazing in cow�t; and (c) paying reasonable attorneys' fees to
<br />protect its interest in th� Properiy and/or righLs under this �ec�ity Instrument, iacluding its secured position
<br />in a banlQUptcy proceeding. Securing the Fropariy includes, but is not limited to, en�ering the Properl.y to
<br />make repairs, change loalcs, replace or board up doozs and windows, drain water fzom pipes, eliminate
<br />buildi.ng or other code violatioms or dangerous conditaons, and have utilities tnrned on or off. Although
<br />Lender ma.y take action under this Section 9, Lender does not ha.ve to do so and is not nnder any duty or
<br />obligation to do so. It is agreed that Lender incurs no liability for not taldng any or a11 actions authorized.
<br />under th�s Section 9.
<br />An.y amounts disbuised by Lender under this Section 9 shall become additional debt of Borrower
<br />secured by this Security Ins'tcumen� These amounts shall bear interest at the Note raxe from the date of
<br />disburs�ement and shall be payable, with snch interest, upon notice from Lender to Borrower requesting
<br />payment.
<br />If this Sectuity Instrument is on a leasehold, Borrower shall comply with all the provisions of the
<br />lease. Borrower shall not surrender the leasehold estate a.nd interests herein conveyed or terminate or cancel
<br />the ground lease. Borrower shall not, without the express written consent of Lender, alter or amend the
<br />ground lease. If Bortower acquires fee title to the Property, the leasehold and the fee title shall not merge
<br />NEBRA,.SKA—Single Family—Fanide Mee/bYeddie Mac UIHIFORM INS7 RITMENT
<br />�+ 338.8 Page 7 of 14 Form 30281/Ol
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