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<br /> security would be lessened,the insurance proceeds shall be applied to the sums secured by this Security Instrument,
<br /> whether or not then due,with the excess,if any,paid to Borrower.Such insurance proceeds shall be applied in the order
<br /> provided for in Section 2.
<br /> If Borrower abandons the Property,Lender may file,negotiate and settle any available insurance claim and related
<br /> matters.If Borrower does not respond within 30 days to a notice from Lender that the insurance carrier has offered to
<br /> settle a claim,then Lender may negotiate and settle the claim.The 30-day period will begin when the notice is given.In
<br /> either event, or if Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to Lender
<br /> (a)Borrower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid under the Note or this
<br /> Security Instrument,and(b)any other of Borrower's rights(other than the right to any refund of unearned premiums paid
<br /> by Borrower)under all insurance policies covering the Pioperiy,insofar as such rights are applicable to the coverage of
<br /> the Properiy.Lender may use the insurance proceeds either to repair or restore the Properiy 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 /> or impair.the Property,allow the Property to deteriorate or commit waste on the Property.Whether or not Borrower is
<br /> residing in the Properiy,Borrower shall maintain the Properly in order to prevent the Properiy 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 sufficient 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 of the improvements on the Properiy.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 if,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 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 Properry 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),ar(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 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 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 /> NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT For 3028 1/01 I
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<br /> i�s,inc. Borrower(s)Initials
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