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201206�7G
<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 Property as Borrower's principal residence within 60
<br />days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower's principal
<br />residence for at least one yeaz after the date of occupancy, unless Lender othervvise 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 Protection of the Property; Inspections. Bonower 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 Properiy, Borrower shall maintain the Property in order to prevent the Property from deteriorating or
<br />decreasing in value due to its condition. Unless it is determined 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 condemnation 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 aad restoration in a single payment or in a series of progress payments as the work
<br />is completed. If the insurance or condemnarion proceeds aze not sufficient to repair or restore the Property, Borrower is
<br />not relieved of Borrower's obli,gation for the completion of such repair or restoration.
<br />Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause,
<br />Lender may inspect the interior of the improvements on the Properiy. Lender sha11 give Boaower notice 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 or with Borrower's lmowledge or consent gave materially
<br />false, misleading, or inaccurate informarion or statements to Lender (or failed to provide Lender with material
<br />information) in connection with the Loan. Material representarions include, but are not limited to, representations
<br />conceming Borrower's occupancy of the Property as Bonower's principal residence.
<br />9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument 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 tlus Security Instrument (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, then Lender
<br />may do and pay for whatever is reasonable or appropriate to protect Lender's interest in the Property and rights under this
<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 aze not luruted 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 />khe Property includes, but is not limited to, entering the Property to make repairs, change locks, replace or boazd up doors
<br />and windows, drain water from pipes, eliminate building or other code violations or dangerous conditions, aad have
<br />utilities turned on or off: Although Lender may take action under tlus Section 9, Lender does not have to do so and is not
<br />under any duty or obligation to do so. It is agreed thal Lender incws no liability for not taking any or all actions
<br />authorized under tlus Section 9.
<br />Any amounts disbursed by Lender under this Secrion 9 shall become additiottal debt of Borrower secured by this
<br />Security Instrument. These amounts sha11 beaz interest at the Note rate from the date of disbursement and shall be
<br />payable, with such interest, upon notice from Lender to Borrower requesting payment.
<br />If this.Security Instrument is on a leasehold, Bonower shall comply with a11 the provisions of the lease. If Borrower
<br />acquires fee title to the Property, the leasehold and the fee title shall not merge unless Lender agrees to the merger in
<br />writing.
<br />10. Mortgage Insurance. If Lender required Mortgage lnsurance as a condition of making the Loan, Borrower shall
<br />pay the premiums required to maintain the Mortgage Ins�u�ance 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 Family-Fannle MaelFreddle Mac UNIFORM INSTRUMENT Form 3028 1/01
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