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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 tlus Security Instnunent, whether or not then due.
<br />6. Occapancy. Borrower s�all occupy, establish, and use the Property as Bonower's principal residence within 60
<br />days after the execution of this Security Inshvment and shall continue to occupy the Property as Bonower's principal
<br />residenc� for at least one ye,ar after the date of accupancy, unless Lender other�vise agrees in writing, which consent shall
<br />not be unreasonably withheld, or unless extenuating circumstances e�cist which are beyond Borrower's control.
<br />7. Preservat[on, Maintenance and Prntection of the Property; Inspecttons. Borrower sha11 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 shall maintain the Property in order to prevent the Praperiy from deterlorating 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 fiu�ther deterioration or damage.
<br />If inswance or condemnation proceeds are paid in connection with dama�e to, or the taldng of, the Property, Borrower
<br />shall be responsible for repairing or restoring the Property 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 pro�ress payments as the work
<br />is completed. If the insurance or condemnation proceeds are not sufficient to repair or restore the Property, Borrower is
<br />not relieved of Borrower's obligatton 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 Property. Lender shall give Borrower 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 i� during the Loan application process, Borrower or
<br />any persons or entities acting at the direction of Borrower or with Borrower's knowledge or consent gave materially
<br />false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with materIal
<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 t6e Prnperly 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 Instrument (such as a
<br />proceeding in bankruptcy, probate, for condemnation or forfeiture, for enforcement of a llen which may attain priority
<br />over this Security Inshvment or to enforce laws or regulatIons), or (c) Borrower has abandoned the Properiy, then Lender
<br />may do and pay for whatever is reasonable or appropriate to protect Lender's inter�t in the Properiy and rights under this
<br />Security Instrument, including protecting and/or assessing the value of the Property, and securing and/or repa.iring the
<br />Property. Lender's actions caa include, but are not limited to: (a) paying any sums secured by a lien which has priority
<br />over this Security Inshument; (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 bankruptcy proceeding. Securing
<br />the Properiy 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 violations or dangerous conditions, and have
<br />utilities turned on or off. 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 sha11 become additional debt of Borrower secured by this
<br />SecurIty Instrumen� These amounts shall bear interest at the Note rate from the date of disbursement and sha11 be
<br />payable, with such interest, upon notice from Lender to Borrower raquest[n� payment.
<br />Ifthis Security Instrument is on a leasehold, Borrower shall comply with a11 the provisions ofthe lease. IfBorrower
<br />acquires fee title to the Properiy, the leasehold and the fee title shall not merge unless Lender agrees to the merger in
<br />writin�.
<br />10. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan, Borrower sha11
<br />pay the premiums required to maintain the Mortga�e Insurance in effect. If, for any re,ason, the Mortgage Inswance
<br />covera�e required by Lender ceases to be available from the mortgage insurer that previously provided such insurance
<br />NEBRASKA -Single Family-Fannie Mae/Freddle Mac UNIFORM INSTRUMENT Fo 0 1/ 1
<br />Page 8 of 12
<br />ios, mc. Borrower(s) In(tlals
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