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2� 17�2359 <br /> f. �ccupancy. Borrower shal� occupy, establish, and use the Property as Borrower's principal r�sidence <br /> within�� days after the execution af this Security Instrument and shall �ontinue ta occupy the Property as <br /> Borrower's principal residence for at least one year after the date vf occupancy, unless Lender o�herwise <br /> agrees in wri�ing, vvhich consent shall not be unreasonably withheld, or unless extenuat�ng circumstances <br /> exist vvhich are beyflnd Borrawer's contrvl. <br /> 'T. Preservatian, M aintenance and Prate�tian of the Praperty; lnspections. Borrower shall not destroy, <br /> damage or impair the Property, allovW the Property to de�eriorat�or commit waste on the Praperty. �]Vhether <br /> or not Borrower is residing in the Proper�y, Borrower shall maintain the Property �n order to pre�ent the <br /> Property from deterinrating or decreasing in �a1ue due to its cvndit�an. Unless it is determined pursuant tv <br /> Section S that repair or restoration is not economically feasible, Borrower shall promptly repair the Praperty <br /> if damaged to a�oid further deterioration�r damage. If insurance or Condemnation praceeds are paid in <br /> connectian with damage to, or the taking of, the Property, Borrower shall be responsible for repairing or <br /> restoring the Property anly if Lender has released praceeds for such purposes. Lender may disburse praceeds <br /> far the repairs and restoratian in a single payment or in a series of progress payments as the�v�rk is <br /> completed. If th� insurance or condemnation proceeds are not sufficient to repair or restore the Property, <br /> Borrower is not relie�ed of Borrower's abligation for the comple�ion of such repair or restaratian. <br /> Lender ar its agent may make reasflnable entries upon and inspectians af the Property. If it has reasonable <br /> �ause, Lender may inspect the interior of�he improvements on the Property. Lender sha11 gi�e Borrawer <br /> notice at th�time of or prior to such an interior inspectivn spe�ifying such reasonable cause. <br /> 8. B�rr�wer's Loan Appiication. B�rrower sha11 be �n default if, during the Loan application process, <br /> Borrower or any persons or entities acting at the direction of Borrovver or with Borrower's knawledge ar <br /> consent ga�e materially fa�se, misleading, �r inaccurate information or statements to Lender�or failed to <br /> prfl�ide Lender with material informatian� in connec�ion with the Loan. Material representations include, but <br /> are not limited tn, repres�ntatians concerning Bnrrower's occupancy of the Property as Borrower's principal <br /> residence. <br /> 9. Prvtection af Lender's Interest in the Prap�rty and Rights Under this Security lnstrument. if�a} <br /> Borrvwer fails to perform the co�enants and agreements contained�n this 5ecurity Instrument, �b}�here is a <br /> legal praceeding�hat might significant�y affect Lender's interest in the Property andlor rights under this <br /> 5e�urity Instrument(su�h as a pro�eeding in bankruptcy, proba�e, for condemnation or forfeiture, for <br /> enforcement of a�ien which may attain prior�ty o�er this Security Instrument or to enforce laws�r <br /> regulatians�, or�c} Barrower has abandoned the Property, then Lender may do and pay far whate�er is <br /> reasonable or appropriate to protect Lender's interest in the Property and rights under this Securi�y <br /> Instrument, including pratecting andlor assessing the�alue af the Praperty, and securing andlor repairing <br /> the Property. Lender's actions car� include, but are not limited to: �a�paying any sums secured by a lien <br /> which has priority o�er this Security �nstrument; �b� appearing in cflurt; and(c}paying reasonable attorneys' <br /> fees to protect its interest in the Property andlor rights under this S�curity Instrument, including its secured <br /> pnsition in a bankruptcy proc�eding. Securing the Praperty includes, but is not limit�d to, entering the <br /> Praperty to make repairs, change locks, rep�ace or baard up doors and windvws, drain water frnm pipes, <br /> eliminate build�ng ar other code�iolations or dangeraus conditions, and ha�e utilities turned on or off. <br /> Although Lender may take action under this 5ection 9, Lender does not ha�e to do so and is not under any <br /> duty or obl�gation to do so. It is agreed that Lender incurs no liability for no�taking any nr al1 actions <br /> authorized under this Sec�ion 9. <br /> �3�soao <br /> NEBRASKA-5+ngle Family-Far��ie Ma�lFreddie Mac�NIFCIRM INSTRLIMENT WITH MERS Form 3�Z8 11�1 <br /> VMP� VMPfiA�NE}�1302� <br /> Walters lCluwer Financiaf S�rvices Page 8 vf 17 <br />