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<br /> Borrower's princigal residence for at least one year after rhe date oFoccupancy,unless Lender otherwise agrees in
<br /> wriiing,which consent shall not be unreasonably witUheId, or unless extenuating circ�mmstances exist wtuch aze
<br /> beyond Borrower's control.
<br /> 7. Preservation,Mainteaance and Protecrion ofthe Property; Inspections. Bonower shall not destroy,
<br /> damage or ffipair#he Properry,allow the Properry to deterionte or commit waste
<br /> on the Property. Whether or not Borrower is residing m the Properry, Borrower shall maintain the Property in
<br /> order to prevent the Property from deteriorating or decreasing in value due to iu condition. Unless it is determined
<br /> pursuant to Section 5 that repair or restorazion is not economically feasble, Borrower shall promptly repair the
<br /> T'roperEy if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds aze paid in
<br /> connection with daznage to, or the taking o�the Properry, Borrower shalt be responsible for repairing or restormg
<br /> the Properry only if Lender has released proceeds for such purposes. Lender may disburse proceeds for the repairs
<br /> and restoration in a single payment or in a series of progress payments as the work is completed if the insurance o[
<br /> condetnnation proceeds are not sufficient#o repair or restore the Property, Bonower is not reIieved of Borrower's
<br /> obligation for the complerion of snch repair or rescoration.
<br /> Lender ar its agent may make reasonable entries upon and inspecrions ofthe Property. If it has reasonable
<br /> cause,Lender may inspect the interior of the improvements on the Froperty. Lender shall give Borrower notice at
<br /> the time of or prior to such au irnerior mspecflon specifying such reasonable cause.
<br /> 8. Borrower's Loan Application. Borrower shall be in defauit if,during the Loan applicarion process,
<br /> Boaower or any persons or en6ties acting at ttte direction of Borrower or with Borrower's lmowledge ar consent
<br /> gave materially false, misleading, or inaccurate informaiian or statements to F,ender (or failed to provide Lender
<br /> with material information) ui connecrion with the Loan. Maierial representations include, but are not limited to,
<br /> representarions concerning Bormwer's occupancy of the Property as Boirowex's principai residence.
<br /> 9. Protection of Lender's Interest in t6e Property and Itights Under this Security TnstrumenL If
<br /> (a)Bonower fails to perform the covenants aad agreements contained in this Security Inshument,(b)there is a legat
<br /> proceeding ti�at might significaufly affect Lender's interest in the Property and/or rights under tlus Securiiy
<br /> Inshument(such as a proceeding in baulauptcy,probate, for condemnation or forfeiture, for enfozcement of a lien
<br /> which may attain priority over this Security Instrumeni or to enforce laws orregulations), or(c)Borrower has
<br /> abandoned tfie Properry, then T,ender may do and pay£or whatever is rzasonable or appropria#e to protect Lender's
<br /> imerest in the Properry and rights under this Security Inshument,including protectmg and/or assessing the value of
<br /> the Property, and securing and/or repairing the Property. Lender's actions can include, but are not liruited to:
<br /> (a}paying any sums secured by a lien which has priority over this Security Insavment; (b)appearing in court;and
<br /> (c)paying reasonable attomeys' fees to protect its interest in the 1'roperty and/or rights undex this Security
<br /> )nstrument,including its seciued position in a bantauptcy proceeding. Securing the Property inclades, but is not
<br /> Luttited to,entering the Property to make repaiss,change locks,replace or boaxd up doois and windows,drain water
<br /> from pipes, eliminate building or other code violations or dangerous conditions, and have utilities#umed on or of£
<br /> Altfiough Lender may take acrion under this Section 9, Lender does not have to do so and is aot under any duty or
<br /> obligation to do so. It is agreed that Lender incurs no liability for not taldng any or all actions autfioxized under this
<br /> Section 9.
<br /> Any amounts disbursed by Lender under this Section 9 shall become additional debt ofBorrower secured by
<br /> this Security Tnstrument. These amounts shatl bear interest at the Note zate from the date of disbuzsement and shall
<br /> be payable,with such interest,upon norice from Lender to Borrowex requesting payment.
<br /> Tfthis Security Inshument is on aleasehold, Borrower shall comply wiEh all the pxovisions ofthe lease. If
<br /> Borrower acquires fee rifle to the Property,the leasehold and the fee title shall not merge unless Lender agrees to the
<br /> merger in writing..
<br /> 10. Mortgage Insarance. Tf Lender required Mortgage Tnsurance as a conditian of malang the Loan,
<br /> Borrower shall pay the premiums required to maintain the Mortgage Tnsurance in effect Tf, for any reason, #he
<br /> Mortgage Insurance coverage required by Lender ceases to 6e available from the mortgage insurer that previously
<br /> provided such insurance and Borrower was reqnired to make separately desigaated payments toward the premivms
<br /> for Nlortgage Insurance, Borrower shall pay the premiums required to obtain coverage subs4nrially equivalent to
<br /> the Mortgage Insurance previously in effect, at a cost substantially equivalent to the cost to Boxrower of the
<br /> Mortgage Insurance previously in e&'ect, from an alternate mortgage insurer selected by Lendec If substanrially
<br /> equivalent Mortgage Ins�sance coverage is not available, Borrower shall continue to pay to Lender flxe amount of
<br /> the separately designated payments that were due when the insurance covenge ceased to be in effect. Lender will
<br /> accept, use and retain these payments as a non-refundable foss reserve in lieu of MorEgage Insivance. Such loss
<br /> reserve shall be non-refitndable, noiwithstanding the fact that the Loan is ultimately pazd in fiill, and Lender shall
<br /> not be reqused to pay Borrower any interest or eamings on such loss reserve. Len c no loager requue loss
<br /> Tnitials- f���
<br /> NEBRASKA--Single Family—Faunie Mae/Freddie Mac TINIFORM INSITLULYlENT' Parm 302& 1/61 (page 6 of 13 pages)
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