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<br /> by Borrower)under all insurance policies covering the Property,insofar as such rights are applicable to the coverage of
<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 year after the date of occupancy,unless Lender otherwise 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.Borrower shall not destroy,damage
<br /> ar impair the Property,allow 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 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 are paid in connection with damage to,or the taking 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 progress payments as the work
<br /> is completed.If the insurance or condemnation proceeds are not sufiicient to repair or restore the Property,Borrower is
<br /> not relieved of Borrower's obligation 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 ofthe improvements on the Property.Lender shall give Borrower notice at the time ofor
<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 Bonower 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 /> concernin Borrower's occu anc of the Pro ert as Borrower's rinci al residence.
<br /> S P Y P Y P P
<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 af�'ect 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 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 protecf 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 actions can include,but are not limited 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 bankruptcy proceeding.Securing
<br /> the Property includes,but is not limited to,entering the Property 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 of�.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 incws 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 shall become additional debt of Borrower secured by this
<br /> Security Instrument. These amounts shall bear 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 /> Ifthis Security Instrument is on a leasehold,Borrower shall comply with all the provisions ofthe lease.If Bonower
<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 Insurance as a condition ofmaking the Loan,Borrower shall
<br /> pay the premiums required to maintain the Mortgage Insurance in ef�'ect. If,for any reason,the Mortgage Insurance
<br /> NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT � �/ Fo 3028 1/01
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