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�o��o�s7� <br />Occupancy. Bonower sha11 occupy, establish, and use the Property as Bonower' s principal residence <br />' within 60 days after the execution of this Security Instrument and shall continue to occupy the Property as <br />; Borrower' s principal residence for at least one yesr after the date of occupancy, unless Lender otheiwise <br />' agrees in writing, which consent shall not be unreasonably withheld, ar unless extenuating circumstances <br />' exist which are beyond Horrower' s control. <br />Preservatlon, Maintenance and Protection of the Praperty; Inspectlons. Borrower shall not destroy, <br />damage or impair the Property, allow tha Property to detariorate or commit waste on the Progerty. Whether <br />, or not Bonower is residing in the Property, Bonower shall maintain the Property in order to prevent the <br />� Properiy from deteriorating or decreasing in value due to its condition. Unless it is determined pursusnt to <br />' Section 5 that repair or restoralion is not economically feav'ble, Borrower sl�all promptly repair the Progerty <br />if damaged to avoid further deterioration or damage. If insurance or condemnarion proceeds are paid in <br />connection with damage to, or the taldng o� the Properiy, Borrower ahall be responsible for repairing or <br />restoring the Property only if Lender has released proc�s for such pu�pos�. Lender may disburse procee�s <br />for the repairs and restorarion in a single paymant ar in a series of progress payments as the work is <br />, completed. If the insurance or condemnation proceeds are not sufficient to repair or restore the Progerty, <br />� Borrower is not relieved of Borrower' s obligation for the completion of such repair or restoration. <br />7 <br />Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable <br />cause, Lender may inspect the interior of the improvements on the Property. Lender shall give Borrower <br />� notice at the time of or prior to such an interior inspection specifying such reasonable cause. <br />8. <br />8. <br />Borrowers Loan Appllcation. Borrower ahall be in default if, during the Loan application process, <br />Borrower or any persons or entities acring at the direction of Boirower or with Borrower' s l�owledge or <br />consent gave materially false, misleading, or inaccurate infomoation or stataments to Lender (or failed to <br />provide Lender with material information) in connection with tha Loan Material representations include, but <br />are not limite� to, representations concerning Borrower' s occupancy of the Property as Borrower' s principal <br />residence. <br />Pratection of Lenders Intersst in the Property and Rights Under this Security Instrument. If (a) <br />Bonower fails to parform the covenants and agreements contained in tbis Security Instnnment, (b) there is a <br />legal procee�ing that might significantly affect Lender's interest in tha Progezty and/or rights under this <br />Security Inshvment (such as a proc�ding in banl�uptcy, probate, for condemnation or forfeitura, for <br />enforcement of a lien which may attain priority over this Security Instrument or to enforce laws or <br />regulations)� or (c) Bonower has abandonad the Property, then Lender may do and pay for whatever is <br />reasonable ar appropriate to protect Lender' s inter�t in the Properiy and rights under ttus Security <br />Instrimaent, including protecting and/or assessing the value of the Properiy, and securing and/or repairing <br />the Properiy. Lender's actions can include, but are not limited to: (a) paying any sums se�ured by a lien <br />wluch has priority over tlris Security Instrument, (b) aPPearing in court; and (c) PaYing reasonable attorneys� <br />fees to protect its interest in the Property and/or rights under this Security Instrument, including its secure� <br />position in a banl�uptcy procceding. Se�,uing the Property includes, but is not limited to, entering the <br />Properiy to make repairs, chaz►ge locks, repla�ce or board up daors and windows, drain water from pipes, <br />eliminate building or other code violarions or dangerous conditions, and have utilities turned on or off. <br />Although I.ender may take action under this Section 9, Lender does not have to do so and is not under any <br />duty or obligation to do so. It is agre,ed that Lender incurs no liability for not taking any or all actions <br />authorized under this Section 9. <br />2200294088 <br />NEBI�ASKA-Shrete FamBy-FenNe Mee/Freddie Mea UNIFORM WSTRUMENT WITH MERS <br />VMP' C� <br />Wok�ere Kluw� Flnerqiel Servkes <br />I <br />i <br />� <br />� <br />V I, <br />D VBANE <br />Fwm 3038 1 /01 <br />VMPBA(NE) �17061 <br />Page 8 of 17 <br />