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<br />right to any refund of unearned premiums paid by Borrower) under all insurance policies covering the
<br />Property, to the extent that such rights are applicable to the coverage of the Property. If Lender files,
<br />negotiates, or settles a claim, Borrower agrees that any insurance proceeds may be made payable directly to
<br />Lender without the need to include Borrower as an additional loss payee. Lender may use the insurance
<br />proceeds either to repair or restore the Property (as provided in Section 5(d)) or to pay amounts unpaid under
<br />the Note or this Security Instrument, whether or not then 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 Lender
<br />otherwise agrees in writing, which consent will not be unreasonably withheld, or unless extenuating
<br />circumstances exist that are beyond Borrower's control.
<br />7. Preservation, Maintenance, and Protection of the Property; Inspections. Borrower will not
<br />destroy, damage, or impair the Property, allow the Property to deteriorate, or commit waste on the Property.
<br />Whether or not Borrower is residing in the Property, Borrower must maintain the Property in order to prevent
<br />the Property from deteriorating or decreasing in value due to its condition. Unless Lender determines
<br />pursuant to Section 5 that repair or restoration is not economically feasible, Borrower will promptly repair
<br />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 in a
<br />single payment or in a series of progress payments as the work is completed, depending on the size of the
<br />repair or restoration, the terms of the repair agreement, and whether Borrower is in Default on the Loan.
<br />Lender may make such disbursements directly to Borrower, to the person repairing or restoring the Property,
<br />or payable jointly to both. If the insurance or condemnation proceeds are not sufficient to repair or restore the
<br />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 reasonable
<br />cause, Lender may inspect the interior of the improvements on the Property. Lender will give Borrower
<br />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 or
<br />consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to
<br />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 debt
<br />obligations and liabilities, and misrepresenting Borrower's occupancy or intended occupancy of the Property
<br />as Borrower's principal residence.
<br />9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument.
<br />(a) Protection of Lender's Interest. If: (i) Borrower fails to perform the covenants and agreements
<br />contained in this Security Instrument; (ii) there is a legal proceeding or government order that might
<br />significantly affect 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 that has priority
<br />or may attain priority over this Security Instrument, or to enforce laws or regulations); or (iii) Lender
<br />reasonably believes that Borrower has abandoned the Property, then Lender may do and pay for whatever is
<br />reasonable or appropriate to protect Lender's interest in the Property and/or rights under this Security
<br />Instrument, including protecting and/or assessing the value of the Property, and securing and/or repairing the
<br />Property. Lender's actions may include, but are not limited to: (I) paying any sums secured by a lien that has
<br />priority or may attain priority over this Security Instrument; (II) appearing in court; and (III) paying: (A)
<br />reasonable attorneys' fees and costs; (B) property inspection and valuation fees; and (C) other fees incurred
<br />for the purpose of protecting Lender's interest in the Property and/or rights under this Security Instrument,
<br />including its secured position in a bankruptcy proceeding. Securing the Property includes, but is not limited
<br />NEBRASKA --Single Family --Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 07/2021
<br />El 25306.5 Page 8 of 18
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