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<br />the Property. Lender may use the insurance proceeds either to repair or restore the Property or to pay amounts unpaid
<br />under the Note or this Security Instrument, whether or not then due.
<br />6. Occupancy. Borrower shall occupy, establish, and use the Properly as Borrower's principal residence within 60
<br />days after the execution of tUis 5ecurity Inshument and shall continue to occupy the Property as Borrower's principal
<br />residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall
<br />not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower's control.
<br />7. Preservation, Maintenance and Peotection of the Property; Inspect3ons. Borrower shall not destroy, damage
<br />or impair the Property, a11ow the Property to deteriorate or commit waste on the Property. Whether or not Borrower is
<br />residing in the Property, Borrower sha11 maintain the Property in order to prevent the Property from deteriorating or
<br />decreasing in value due to its condition. Unless it is detemuned pursuant to Section 5 that repair or restoration is not
<br />economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration or damage.
<br />If insurance or condemnarion proceeds aze paid in connection with damage to, or the taking of, the Property, Borrower
<br />shall be responsible for repairing or restoring the Properiy only if Lender has released proceeds for such purposes. Lender
<br />may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work
<br />is completed. If the insurance or condemnation proceeds aze not sufficient to repair or restore the Property, Borrower is
<br />not relieved of Borrower's obligation for the completion of such repair or restoration.
<br />Lender or its agent may malce reasonable entries upon and inspections of the Property. If it has reasonable cause,
<br />Lender may inspect the interior of the improvements on the Property. Lender shall give Borrower norice at the time of or
<br />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 application process, Borrower or
<br />any persons or entities acting at the direction of Borrower pr with Borrower's knowledge or consent gave materially
<br />false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with makerial
<br />information) in connection with the Loan. Material representations include, but are not limited to, representations
<br />concerning Borrower's occupancy of the Property as Borrower's principal residence.
<br />9. Protection of Lender's Interest in the Property and Rights Under this Security Instrumen� If (a) Borrower
<br />fails to perform the covenants and agreements contained in this Security Instrument, (b) there is a legal proceeding that
<br />might significantly affect Lender's interest in the Property and/or rights under this Security Inskrument (such as a
<br />proceeding in bankruptcy, probate, for condemnation or forfeiture, for enforcement of a lien which may. attain priority
<br />over this Security Instrument or to enforce laws or regulations), or (c) Borrower has abandoned the Property, thett Lender
<br />may do and pay for whatever is reasonable or appropriate to protect Lender's interest in the Property and rights under ttus
<br />Security Instrument, including protecting and/or assessing the value of the Property, and securing and/or repairing the
<br />Property. Lender's acrions can include, but are not lnnited to: (a) paying any sums secured by a lien which has priority
<br />over this Security Instrument; (b) appearing in court; and (c) paying reasonable attorneys' fees to protect its interest in the
<br />Property and/or rights under this Security Instrument, including its secured position in a banlauptcy proceeding. Securing
<br />the Property includes, but is not limited to, entering the Properiy to make repairs, change locks, replace or board up doors
<br />and windows, drain water from pipes, eliminate building or other code violarions or dangerous conditions, and have
<br />utilities turned on or oi� Although Lender may take action under this Section 9, Lender does not have to do so 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 actions
<br />authorized under this Section 9.
<br />Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower secured by this
<br />Security Instrument. These amounts sha11 beaz interest at the Note ra.te from the date of disbursement and sha11 be
<br />payable, with such interest, upon notice from Lender to Borrower requesting payment.
<br />If this Security Instivment is on a leasehold, Borrower sha11 comply with a11 the provisions of the lease. If Borrower
<br />acquires fee title to the Property, the leasehold and the fee ritle shall not merge unless Lender agrees to the merger in
<br />writing.
<br />10. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan, Borrower shall
<br />pay the premiums required to maintain the Mortgage Insurance in effect. If, for any reason, the Mortgage Insurance
<br />coverage required by Lender ceases to be available from the mortgage insurer that previously provided such insurance
<br />NEBRASKA -Single Famlly-Fannle Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/07
<br />Page 6 of 12
<br />ios, ina Borrower(s) Inttials -���j�
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