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20220631S
<br />payee. Lender may use the insurance proceeds either to repair or restore the Property (as provided in
<br />Section 5(d)) or to pay amounts unpaid under the Note or this Security Instrument, whether or not then
<br />due.
<br />6. Occupancy. Borrower must occupy, establish, and use the Property as Borrower's principal
<br />residence within 60 days after the execution of this Security Instrument and must continue to occupy the
<br />Property as Borrower's principal residence for at least one year after the date of occupancy, unless
<br />Lender otherwise agrees in writing, which consent will not be unreasonably withheld, or unless
<br />extenuating circumstances exist that are beyond Borrower's control.
<br />7. Preservation, Maintenance, and Protection of the Property; Inspections. Borrower will
<br />not destroy, damage, or impair the Property, allow the Property to deteriorate, or commit waste on the
<br />Property. Whether or not Borrower is residing in the Property, Borrower must maintain the Property in
<br />order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless
<br />Lender determines pursuant to Section 5 that repair or restoration is not economically feasible, Borrower
<br />will promptly repair the Property if damaged to avoid further deterioration or damage.
<br />If insurance or condemnation proceeds are paid to Lender in connection with damage to, or the
<br />taking of, the Property, Borrower will be responsible for repairing or restoring the Property only if Lender
<br />has released proceeds for such purposes. Lender may disburse proceeds for the repairs and restoration
<br />in a single payment or in a series of progress payments as the work is completed, depending on the size
<br />of the repair or restoration, the terms of the repair agreement, and whether Borrower is in Default on the
<br />Loan. Lender may make such disbursements directly to Borrower, to the person repairing or restoring the
<br />Property, or payable jointly to both. If the insurance or condemnation proceeds are not sufficient to repair
<br />or restore the Property, Borrower remains obligated to complete such repair or restoration.
<br />Lender may make reasonable entries upon and inspections of the Property. If Lender has
<br />reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender will give
<br />Borrower notice at the time of or prior to such an interior inspection specifying such reasonable cause.
<br />8. Borrower's Loan Application. Borrower will be in Default if, during the Loan application
<br />process, Borrower or any persons or entities acting at Borrower's direction or with Borrower's knowledge
<br />or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed
<br />to provide Lender with material information) in connection with the Loan, including, but not limited to,
<br />overstating Borrower's income or assets, understating or failing to provide documentation of Borrower's
<br />debt obligations and liabilities, and misrepresenting Borrower's occupancy or intended occupancy of the
<br />Property as Borrower's principal residence.
<br />9. Protection of Lender's Interest in the Property and Rights Under this Security
<br />Instrument.
<br />(a) Protection of Lender's Interest. If: (i) Borrower fails to perform the covenants and
<br />agreements contained in this Security Instrument; (ii) there is a legal proceeding or government order that
<br />might significantly affect Lender's interest in the Property and/or rights under this Security Instrument
<br />(such as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for enforcement of a lien
<br />that has priority or may attain priority over this Security Instrument, or to enforce laws or regulations); or
<br />(iii) Lender reasonably believes that Borrower has abandoned the Property, then Lender may do and pay
<br />for whatever is reasonable or appropriate to protect Lender's interest in the Property and/or rights under
<br />this Security Instrument, including protecting and/or assessing the value of the Property, and securing
<br />and/or repairing the Property. Lender's actions may include, but are not limited to: (I) paying any sums
<br />secured by a lien that has priority or may attain priority over this Security Instrument; (II) appearing in
<br />court; and (III) paying: (A) reasonable attorneys' fees and costs; (B) property inspection and valuation
<br />fees; and (C) other fees incurred for the purpose of protecting Lender's interest in the Property and/or
<br />rights under this Security Instrument, including its secured position in a bankruptcy proceeding. Securing
<br />the Property includes, but is not limited to, exterior and interior inspections of the Property, entering the
<br />Property to make repairs, changing locks, replacing or boarding up doors and w ndows, draining water
<br />11
<br />111 1111111111
<br />* 1 3 0 5 8 3*
<br />NEBRASKA --Single Family -Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />Mortgage Cadence Document Center 0 3027 09/21
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<br />1111111111 I N
<br />OR T D 0 T*
<br />Form 3028 07/202
<br />Page 8 of 18
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