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202503380 <br />payee. Lender may use the insurance <br />proceeds <br />thisither to Security Instrumentr or tore the whether or Property <br />then due. <br />in Section 5(d)) <br />or to pay amounts unpaid u <br />6. Occupancy. Borrower must occupy, establish, and use the Property as Borrower's principal residence <br />within 60 days after the execution of this Security Instrument and must continue to occupy the Property as <br />Borrower' s principal residence for at least one year after the date of occupancy, unless: (i) Lender otherwise <br />agreesbly <br />) <br />er <br />t <br />ll in undue whar ship for the Borrower; or (iii)consent will not be oextenuating circumstances exist t which aretermines e�be ondat this rBo Borrower's <br />shall cause undue hardship <br />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 />e <br />Whether or not Borrower is reidmgnProperty,alduerto its ower c�onditionust ntain the Unless Lenderin order to prevent determinespursuant to <br />Property from deteriorating ordecreasing <br />Section 5 that repair or restoration is not economically feasible, Borrower will promptly repair the Property if <br />damaged to avoid further deterioration or damage. <br />If insurance or condemnation proceeds are paid to Lender in connection with damage to, or the taking of, <br />storing <br />ed <br />the Property, Borrower will be responsible <br />disburse proceeds fore the repairse and res oration in aLender <br />single payment or <br />proceeds for such purposes. Lendermay <br />in a series of progress payments as the work is completed, depending on the size of the repair or restoration, the <br />. Lender may <br />e such <br />terms of theent repair ago Borrower, d o theer personrrower is in Default on the repairing or restoring the Property, or payable jointlyato both. <br />disbursements directly to Borro P <br />If the insurance or condemnation proceeds are not sufficient to repair or restore the Property, Borrower remains <br />obligated to complete such repair or restoration. <br />If condemnation proceeds are paid in connection with the taking of the property, Lender shall apply such <br />proceedss <br />munto the reduction the of indebtedness Any application of thelproceeds to the principal shall notment, first to any dextendent <br />or <br />amounts, and then to pay principal. <br />postpone the due date of the monthly payments or change the amount of such payments. <br />Lender may make reasonable entries upon and inspections of the Property. If Lender has reasonable cause, <br />Lender may inspect the interior of the improvements on the Property. Lender will give Borrower notice at the <br />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 process, <br />Borrower or any persons or entities acting at Borrower's direction or with Borrower's knowledge or consent gave <br />materially fake, )e, inaccuratethe statementson or Lender (or <br />overstating Lenderled to provide <br />material informatimisleading, <br />n) in connacUoth Lanhncludingbut not limited Boowern ome <br />or assets, understating or failing to provide documentation of Borrower's debt obligations and liabilities, and <br />misrepresenting Borrower's occupancy or intended 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. <br />(a) Protection of Lender's Interest. If: (i) Borrower fails to perform the covenants and agreements <br />contained in this Security Instrument; <br />(ii) there is a and/or rightsal underethis Security Instrumentg or government der (sucht aslaht progeedlingtin <br />affect Lender's interest in the <br />bankruptcy, probate, for condemnation or forfeiture, for enforcement of a lien that has priority or may attain <br />priority over this Security Instrument, or to enforce laws or regulations); or (iii) Lender reasonably believes that <br />321-4072828-703 <br />NEBRASKA - FHA Deed of Trust With MERS <br />FAIRWAY INDEPENDENT MORTGAGE CORPORATION - NMLS 2289 <br />u <br />u <br />u <br />1555500885 <br />70228MNE 01/2023 <br />Page 9 of 20 <br />