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201207846 6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence wlthin 60 days afrer [he exewtion of[his Security Instrument and shall continue to occupy tLe Property as Borrower's principal restdence for at least one year after the date of occupancy, unless Lender otherwise agrees in wriUng, which consen[ shall not be unreasonably withheld, or unless e�rtenuating circwnstances exist which are beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall no[ des�roy, darrtage or impair the Properly, allow the Property [o deteriora[e or commit was[e on the Property. Whether or not Borrower is residing in the Property, Borrower shall maintain the Propetty in order to prevent [he Property from deteriorating or decreasing in value due to i[s condiflon. Unless it is determined pursuant to Section 5 that repair or restoraflon is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioralion or damage. If insutance or condemnahon proceeds are paid in connecUon with damage to, or the taking of, the Property, Borrower shall be cesponsible for repairing or restoring the Property only if Lender has released proceeds for such purposes. Lender may dlsburse proceeds for the cepairs and resroradon in a single payment or in a series of progress payments as the work ls completed. If the insurance or condemnafion proceeds are not sufficient to repair or restore �lte Property, Borrower is not relieved oF Bormwer's obligation for the comple[ion of such repair or resroration. Lender or its agent may make reasonable enUies upon and inspecUons of the Property. If it has reasonable cause, Lender may inspect Ihe interior of Ihe impmvements on fhe Property. Lender shall give Borrower nouce at the t3me of or prior to such an interior inspecflon specifying such reasonable cause. 8. Borrower'S Loan Application. Bonower shall be in default if, during the Loau appllcation process, Borrower or any persons or entities acting at the direcflon of Borrower or with Borrower's knowledge or consent gave materially false, misleading, or lnaccurate informaflon or statements to Lender (or failed to provide Lender witH material informatlon) in connectlon with the Loan. Matedat representations include, but are not limited to, representations wnceming 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. If(a) Borrower fails to perform the covenan[s and agreements contained in this Security Instrument, (b) Were is a legal proceeding Wat migltt significanfly affect Lender's interest In the Property and/or dghts under this Secarity Instrument (such as a proceeding in bankruptcy, probate. For condemnation or forfeilure, for enforcement of a lien which may attain priorily over this Secarity Iustnunent or to enforce laws or regulauons), 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 fbis Security Instrument, including protecting and/or assessing the value of the Property, and securing and/or repairing ihe Property. Lender's actions can iuclude, but are not limited to: (a) paying any sums secured by a lien which has priorily over this Security Instrumenh, (b) appearing in court; and (c) paying reasonable at[omeys' fees to protect its interest in the Property and/or rights under this Security Instrument, including its secured posiflon in a bankruptcy proceeding. Secwting the Properly includes, but is not limi[ed to, entering [he Property to make repairs, change locks, replace or board up doors and windows, drain water from pipes, eliminate building or other code violations or dangerous conditions, and have utllities tumed on or aff. Although Lender may take acflon under this Section 9, Lender does no[ have to do so and is not under any duty or obligation to do so. It is agreed that Lender incurs no liabtlity for not taking any or all actions authorized under this Section 9. 007723188]89 CipbaN�3.2.61.12 V] NEBRASKA-Si�gle FemJy�Famue Mae/FreOtlie Mac IINIFORM INSTRUMENT WITH MERS Fwm 30281/01 �P� VMP6A(NE)(1105).00 Wdmrs Kluwer Financial Services Page 8 of 17