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201206722 6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within 60 days affer the execution of ttds Security Instrument and shall continue to occupy the Property as Borrower's principal residence for at least one year after the date of occupancy, unless L.ender othenvise agrees in writing wluch consent shall not be uoreasonably withheld, or unless eactenuating circumatances pcist w}ilch are beyond Borrower's control. 7. Preservakion, Maintenance and Protection of the Property; Ir�,spections. Horrower shall not destroy, damage or impair the Property, allow the Property to dc,teriorate or cornmit waste an the Property. WheYher ar not Borrower is residing in the Proper[y, Borrower shall mainffiin the Praper[y in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unleas it is de[etmined pursuant to Section 5 that repair or restoration is no[econamically feasible, Borrower shall promptly repair the Property if daznaged to avoid fiuther de[erioration or damage. I£insurance or condenmation procceds are paid in connection with damage to, or the taking of, tl�e Property, Horrower shall be responsible for repairiug or restoring the Properfy only if L,ender has released proceeds foc such purposes. Lender may disburse proceeda for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. If the inm,�.��demnation proceeds aze not sufficient to repair or restore the Property> Barrower is not relieved of Borrower's obligarion for the completion of such repair or restoration. Lender or its agent may make reasonahle enhies upon and inspections of the Property. If it has reasonable cause, Lender may inspect the interior of the improvements on the Pro1wrty. Lender shsll give Horrower notice at the rime of or prior to such an interior inspection specifying such reasonable cause. 8. Borrow6�'S Loan Application. Horrower shall be in default if, during the Loan application process, Borrower or any persons or entlties acting at the direction of Horrower or with Horrower's Imowledge or consent gave materially false, misleading, or inaccurate information or statements W Lender(or failad to provide Lender with material information)in conneclion with the Loan. Mazerial representarions include, but aze not limited to, representations concerning Borrower's occupancy of the Properry as Borrower's principal residence. 9. Protec;lan of Lenders Inter� in the Property and IYgMs Under this Security InstrumeM. If(a) Borrower fails to perform the covensnts and agreements contained in tivs Security Instrument, (b)there is a legal proceeding that might significantly affect Lender's interest in the Property�d/or rights under this Security Inshument(such as a proceading in banlQuptcy, probate, for condemnation or forfeitaue, for enforcement of a lien wlrich may attain priority over this Security Inslrument or to enforce laws or regulations), or(c)Borrower hss abandoned the Property, then Lender may do and pay for whatever is reagonable or appropriate to protect Lender's interest in the Property and rights under tivs Security Inshvm�t, including protec[ing 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 s�ured by a lien which bas priority over tlris Security Ins7ument; (b)appearing in cowt; and(c)paying reasonable attomeys' fees to protect its interest in the Proper[y and/or rights under tltis Security Instrument, including its secured position in a banlmiptcy proceeding. Securing the Proper[y includes, but is not limibed to, entering the Property to make repairs, change locks, replace or board up doors and windows, drain water from pipes, eliminate building or other code violations ar dangerous conditions, and have utilities turned on or off. Although Lender may take action under this Section 9, L.ender dces not have to do so and is not under any duty or obligffiion to do so. It is agrced that Lender incurs no liability for not taking any or all actions authoriud under this Section 9. 2300260433 D VBANE NEBRASKA-Si�ple FamltyFannb MwlFretldie Mec UNIFORM INSTHUMENT WRH MENS Fmm 30iB 1/01 VMV(ql VMPBA(NEJ(1105J Wdtws Kluwx Finandd Swvices Pepe 8 af 1]