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201205416 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrotocr shall not destroy. damage or impair the Property. allow the Properly to deteriorate or com n t waste on the Property. Whether or not Borrower is residing in the Property. Borrower shall maintain the Property in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that repair or restoration is not economically feasible. Borrower shall promptly repair the Property if damaged to avoid further deterioration or damage. 1£ insurance or condemnation proceeds arc paid in connection with damage to. or the taking of, the Property. Borrower shall be responsible for repairing or restoring the Property only if Lender has released proceeds for such purposes. Lender way disbume proceeds for the repairs and restoration in a single payment or in a series of progress payments as die work is completed. If the insurance or condensation proceeds arc not sufficient to repair or restore [lie Property, Borrower is not relieved of Borm%vol's obligation for the completion of such repair or restoration. Lender or its agent may make reasonable entries upon and inspections of the Property. if it has reasonable cause. Lender may inspect the interior of the improvements on the Property. Lender shall give Borrower notice al the timeofor prior to such an interior inspection specifying such reasonable cause. 8. Borrower's Loan Application. Borrower shall be in default if.during the Loan application process. Borrower or any persons or entities acting at the direction of Borrower or with Borrower's knowledge of consent gave materially false. misleading, or inaccurate information or statements to Lender for failed to provide Lender with material information) in connection with the Loan, Material representations include, butare not limited to, representations conceming Borrower's occupancy of the Property as Borrower's principal residence. 9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. lf(a) Borrower fails to perform the covenants and agreements contained in this Security Instrument, (b) there is a legal proceeding that might significantly affect Lender's interest in the Property and/or rights under Chis Security Instrument (such as a proceeding in bankmptcy. probate, for condemnation or forfeiture, for enforcement of a lien which may attain priority over dais Security hrstrtmhent or to enforce laws or regulations), or (c) Borrower has abandoned the Property, then Lender may do and pay for whatever is reasonable or appropriate to protect Lender's interest in the Property and rights under this Security Instrument including protecting and/or assessing the value of the Property, and securing and/or repairing the Property. Lender's actions can include, but are not limited to: (a) paying any sums secured by a lien which has priority over Oils Security Instrument (b) appearing in court; and (c) paying reasonable attorneys' fees to protect its interest in the Property and/or rights under this Security Instrument, including its secured position in a bankruptcy proceeding. Securing the Property includes, but is not limited to, cilering the Property to rnal<e repairs, change locks, replace or board up doors and windows, drain water from pipes, cluninate building or other code violations or dangerous conditions, and have utilities turned on or off. Although Lender may take action under this Section 9. Lender does not have to do so and is not under any duty or obligation to do so. It is agreed that Lender incurs no liability for not taking any or allaclions authorized under This Section 9. Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower secured by this Security Instrument. These amounts shall bear interest at the Note rate from the date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment. If this Security hnstrantew is on a leasehold, Borrower shall comply with all the provisions of the lease. If Borrower acquires lee title to to Property. the leasehold and die fee title shall not merge unless Lender agrees to the merger in writing. NEBFASKASorI NmilpFonnb MCM r ddie WU UWCHM NaE.UMENr Fwm 3020 1101 V!AP n WNNEI (1169)10 'Ndle" Ww , Fwncial Sxrices Page 7.115 111111IIIII��IIIIII�IIOIlli EIII7278IIIA