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2� 15�8�92
<br /> v�hether ar not then due,wi�h the excess,if ax��,paid t�Borrovver.Such insurance proceeds�hall be applied�n the flrder
<br /> pravided f�r in Sectian 2.
<br /> �f Barrower abandons the Pr�perty,Lender ma�file,negotia�e and settle any avai�able insurance c�aim and related
<br /> mat�ers.�f Borr�wer does na�respand wi�hin 34 days ta a nfltice frvm Lender tha��he insurance carrier has off�red�o
<br /> settle a cla�m,�h�n Lender may nego��a�e and set��e�he claim.Th�3�-day period vv�il begin when the notice is gi�en.Tn
<br /> e��her event, or if Lender acquires�he Proper�y under Sectian ZZ or o�herv�rise, Borrower hereb� assigns to Lender
<br /> �a�Borrower's rights to any insurance proceeds�n an amount not�o exceed�he amounts unpaid under�h�Note�r�his
<br /> Secur��y�nstru.men�,and�b}any other of Borrovv�r's rights�o�her�ar�.the righ��o any refund of unearned premiums paid
<br /> by Borrower}under al�insurance pfllici�s co�ering�he Property,�nsofa.�as such rights are app�icable�o�he cov�rage�f
<br /> th�Proper�y.Lender may use the�nsurance proceeds e��h�r�o repair or res�are the Praperty ar�o pay amaunts unpaid
<br /> unde�the No�e 4r�his Secuar�ty�n�trument,v�he�her�r no��hen due.
<br /> �.�cc�pancy.Borrav�er shall occupy,establish,and use�he Prap�rty as Borrower's principal residence vvi�hin 6�
<br /> days a�te��he�xe�ution af this Security�nstrument and sha�l��ntinu�to occupy�he Prap�r�y as Barrower's pr�ncipal
<br /> residence for a�least one year after�he date af occupan�y,unless Lender Q�hervvise agrees in wri�xng,which cansent shall
<br /> no�b�unreasonably wi�hhe�d,ar unless ex�enuating circu�ns�anGes exis�which are beyond Borrawer's control.
<br /> 7.Pres�rvat�on,Maintenance and Pro�ec��on of the Pro�erty;Inspections.Borrawer shaii nat destroy,damage
<br /> or impair th�Property,a��ow the Pr�p�rty to deteriorate or c�mmit was�e on�he Praper�y.Whether or not�orraw�r is
<br /> residing in�he Prap�rty,B�rrower shall maintain the Praper�y in order�o pre�en�the Property fram deteriorating or
<br /> decreasing in value due tfl its condition.Unl�ss��is determined pursuar��to Sec�ian 5 that repa�r or restora�ion is no�
<br /> ecanamica��y feasibl�,Borar�wer shall prorn��ly repair the Pro�er�y�f damaged�o avaid fur�her deterioration or damage.
<br /> �f insurance or cond�mna�ion praceeds are paid in cvnne�tian wi�h damage�o,or the taking of,the Pr�perty,Borrower
<br /> sha11 be responsible for r�pair�ng or res�oring�he Pr�perty only if Lender has released proceeds far such purposes.Lender
<br /> may disburse proceeds for the repairs and restoration in a single pa�ment ar in a series of prflgress payments as�he work
<br /> �s�omp�e�ed.If the znsurance or candemnation proceeds are not sufficient��repair�r restore the Proper�y,Borrovver is
<br /> not rel�eved af Bor�rower's o�l�ga�ion for the comple�ion af such repa�r or rest�ration.
<br /> Lend�r ar its agent may mak�reasonable en�ries upon and�.nspectians of�he Property.If it has reasonab�e cause,
<br /> Lender may inspec�the int�ritir of�he improvemen�s on the Proper�r.Lender shall give Borr�wer n��ice at the time of or
<br /> prior t�such an�n�eriar inspe�tion specify�ng such reasonable cause.
<br /> 8.Borrower's Loan Application.Borrower sha11 be in defau�t if,dur�ng the Loan appl�ca�ion process,Borrovver or
<br /> any persons ar en��ties act�ng a�the directian�f Borrov�rer or vvi�h Borr�wer's knovWiedge or consent ga��mat�rially
<br /> false, misleading, ar inaecurat� information or s�a�ements to Lender �or failed ta pro�rid� Lender w�th material
<br /> informa��on} in connection vvi�h the Laan. Ma�er�a� represen�ations include, but are na� limited to, representations
<br /> concerning Borrawer's accupancy of the Proper�y as B�rrower's principal residence. ��
<br /> 9.Pratectian�f Lender'�Interest�n�he Property and R�ghts Under�h�s Security Instrument,If�a}Barrawer
<br /> fails to perform the covenan�s and a�reemen�s c�n�ained ir��his Secur��y Instrumen�,�b}there�s a Ie�al proceeding tha�
<br /> might s�gnificantly affect Lender's interes� in the Praper�y andl�r rights under this Secur��y rnstrument �su�h as a
<br /> proceeding�n bankrupt�y,prabate,for condemna�ion or farfeiture,far enfarcement of a I�en whzch may at�ain pri�rity
<br /> over this Security�ns�rument or�o enforce laws or reguiations),ar�c�Borrovver has abandoned the Praperty,�hen Lender
<br /> may da and pay for vvhatever is reasonable or appropria�e�o protec�Lende�r's i.nterest in the Proper�y and rights under this
<br /> Security Ins�rument,including prote�ting andl�r assessing�he�alue of�h�Pr�perty,and securing andlor r�pairing the
<br /> Proper�y.Lender's actions can include,but are not limit�d to:�a}pa�ing any sums secured b�a Iien which has priarity
<br /> over th�s Security�ns�rumen�;�b}appearing in court;and�c�payirig reasonable a�torne�s'fees�ti pxot�c�i�s interest in the
<br /> Property andlar rights under this Security�nstirrument,inciuding i�s secured positifln in a bankrup�cy proc�eding.Securing
<br /> the Pr�perty includes,bu�is n����mi�ed to,en�er�ng the Proper�y�o make repa�rs,change Iocks,r�place or board u�do�rs
<br /> and v��ndows,drain water fram pipes,el�mina�e buxldxng or o�her code�ia�at�ans or dangerous conditions,and ha�e
<br /> utilities turned an ar off.Al�hough Lender may�ake acti�n und�r th�s Section 9,Lender da�s not ha�e�o do so and is not
<br /> NEBRASKA-5ingle Family-Fannie MaeJFreddie Mac UNIFORM INSTRUNlENT Form 30�8 �10�
<br /> Pag��ofi�3 �,.
<br /> �os,���. Borrawer�s}1ni�iais
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