|
<br />200602428
<br />
<br />Note or this Security Instrument, and (b) any other of Borrower's rights (other than the right to any refund of
<br />unearned premiums paid by Borrower) under all insurance policies covering the Property, insofar as such rights arc
<br />applicable to the coverage of the Property. Lender may use the insurance proceeds either to repair or restore the
<br />Property or to pay amounts unpaid under tbe Note or this Security Instrument, whether or not then due.
<br />6. Occupancy. Borrower shull occupy, establish, und use the Property as Borrower's principal residence
<br />within 60 days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower's
<br />principal residence for at least one year after the date of occupancy, unless Lcnder otherwise agrees in writing, which
<br />consent shall not be unreasonably withheld, or unless extenuating circumstunces exist which are beyond Borrower's
<br />control.
<br />7. Preservation, Maintenance nnd Protection of the Property; Inspections. Borrower shaH not destroy,
<br />damage or impair the Property, allow the Property to deteriorate or commit waste on the Property. Whether or not
<br />Borrower is residing in the Property, Borrower shaH maintain the Property in order to prevent the Property from
<br />deteriorating or decreasing in value duc to its condition. Unless it is determined pursuant to Section 5 that repair or
<br />restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further
<br />deterioration or damagc. If insurance or condemnation proceeds are paid in connection with damage to, or the taking
<br />of, the Property, Borrower shall be responsible for repairing or restoring the Property only if Lender has released
<br />proceeds for such purposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in
<br />a series of progress payments as the work is completed. If the insurancc or condemnation proceeds urc not sufficicnt
<br />to repair or restore the Property, Borrower is not relieved of Borrower's obligation for the completion of such repair
<br />or restoration.
<br />Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable
<br />cause, Lender may inspect the interior of the improvements on the Property. Lender shall give Borrower notice at
<br />the time of or prior to such an interior inspection specifying such reasonable cause.
<br />8. Borrow(.'f'S Loan Application. Borrower shall be in default if, during the Loan application process,
<br />Borrower or any persons or entities acting at the direction of Borrower or with Borrower's knowledge or consent gave
<br />materially false, misleading, or inaccurate infonnation or statements to Lender (or failed to provide Lender with
<br />material information) in connection with the Loan. Material representations include, but are not limited to,
<br />representations concerning Borrower's occupancy of the Property as Borrower's principal residence.
<br />9. Protection of Lender's Interest in the Property nnd Rigbts Under this Security Instrument. If
<br />(a) Borrower fails to perform the covenants und agreements contained in this Security Instrument, (b) there is a legal
<br />proceeding that might significantly affect Lender's interest in the Property and/or rights under this Security Instrument
<br />(sucb as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for enforcement of a lien which may
<br />attain priority over this Security Instrument or to enforce laws or regulations), or (c) Borrower bas abandoned tbe
<br />Propcrty, thcn Lender may do and pay for whatever is reasonable or appropriate to protect Lender's interest in the
<br />Property and rights under this Security Instrument, including protecting and/or assessing the value of the Property, and
<br />sccuring and/or repairing the Property. Lender's actions can include, but are not limited to: (n) paying any sums
<br />secured by a licn which bas priority over this Security Instrument; (b) appearing in court; and (c) paying reasonable
<br />attorneys' fees to protect its interest in the Property and/or rights under this Security Instrument, including its secured
<br />position in a bankruptcy procceding. Securing the Property includes, but is not limited to, entering the Property to
<br />make repairs, change locks, replace or board up doors and windows, drain water from pipes, eliminate building or othcr
<br />code violations or dangerous conditions, and have utilities turned on or off. Although Lender may take action undcr
<br />this Section 9, Lender does not have to do so and is not under any duty or obligation to do so. It is agreed that
<br />Lender incurs no liability for not taking any or all actions authorizcd under this Section 9.
<br />Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower secured by
<br />this Security Instrument. These amounts shall bear interest at the Note rate from the date of disbursement and shall
<br />be payable, with such interest, upon notice from Lcnder to Borrowcr rcqucsting payment.
<br />If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease. If
<br />
<br />
<br />Initials: 0 "Q J\ /"l 'J
<br />Nebraska Deed of Trust-Single Family-l?annie Mac/Freddie Mac UNIFOfu'\1 INSTRUMENT Form 30~
<br />-THE COMPLlANCESOURCE, INC.- Page 7 of 14 14001NE 08/00
<br />www.compliancesource.com 62000, The Compliance Source, Inc.
<br />[Doc 10 6646J
<br />
|