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<br />CWT
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<br />200605480
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<br />are 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 the Note or this Security Instrument, whether or not then due.
<br />6, Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence
<br />within 60 days after the execution of this Security Instrumcnt and shall continue to occupy the Property as Borrower's
<br />principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing. which
<br />consent shall not be unreasonably withheld. or unless extenuating circumstances exist which are beyond Borrower's
<br />cuntrol.
<br />7. Preservation, Maintenance and Protection of the Property: Inspections. Burruwer shall nut destruy.
<br />damagE' or impair the Property, alluw the Pruperty tu deteriurate ur cummit waste un the Pruperty. Whether ur not
<br />Borrower is residing In the Property, Borrower shall maintain the Pruperty in urder tu prevent the Pruperty frum
<br />deteriorating ur decreasing in value due tu its cunditiun. Unless it is determined pursuant to Section 5 that repair or
<br />restoratiun is not economically feasible, Burrower shall promptly repair the Property if damaged to avoid further
<br />deterioration or damage. If insurance or condemnation proceeds are paid in connection with damage tu, 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 Insurance or condemnation proceeds are not sufficient
<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 npon and Inspections of the Property. If it has reasonable caose,
<br />Lender may inspect the interior of the improvements On the Property. Lender shall give Borrower notice at the time
<br />of or prior to such an Interior inspection specifying such reasonable cause.
<br />8. Borrower's Loan Application. Borrower shall be In defanlt If. during the Loan application process,
<br />Borrower or any persons or entlUes acting at the direction of Borrower or with Borrower's knowledge or consent gave
<br />materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with
<br />material information) in connection with the Loan, Material representations inclode, 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 and Rights Under this Security Instrument. If (a)
<br />Borrower fails to perform the covenants and agreements contained in this Security Instrument, (b) there is a legal
<br />pro(:ecding that might significantly affect Lender's Interest In the Property andlor rights under this Security Instrument
<br />(such 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 has abandoned thl'
<br />Property. then 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 Instmmen!. including protecting andlor assessing the value of the Property.
<br />and securing andlor repairing the Property_ Lender's actions can include, hut are not limited to: (a) paying any sums
<br />secured by a lien which has priority over this Security Instrument: (b) appearing In court; and (c) paying reasonable
<br />attorneys' fees to protect its Interest in the Property andlor rights under this Security Instrument, Including Its secured
<br />position In a bankruptcy proceeding. 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
<br />other code violations or dangerous conditions, and have utilities turned on Or off. Although Lender may take action
<br />under 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 authorized under this Section 9.
<br />Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower secured by this
<br />Security Instrument. These amounts shall bear interest at the Note rate from the date of disbursement and shall be
<br />payable, with such interest. upon notice from Lender to Borrower requesting payment.
<br />If this Security Instrument Is on a leasehold, Borrower shall comply with all the provisions of the lease. If
<br />Borrower acquires fel' title to the Property, the leasehold and the fee title shall not merge unless Lender agrees to the
<br />merger in writing.
<br />10. Mortgage Insurance. If Leuder required Mortgage Insurance as a condition of making the Loan. Borrower
<br />shall pay the premiums required to maintain the Mortgage Insurance in effect. If, for any reason, the Mortgage
<br />Insurauce coverage required by Lender ceases to he available from the mortgage insurer that previously provided such
<br />insurance and Borrower was required to make separately designatl:d payments toward the premiums for Mortgage
<br />Insuran(:e, Borrower shall pay the premiums required to obtain coverage substantially equivalent to the Mortgage
<br />Insurance previously in effect, at a cost substantially equivalent to the cost to Borrower of the Mortgage Insurance
<br />previously in effect, from an alternate mortgage insurer selected by Lender. If substantially equivalent Mortgage
<br />Insurance coverage is not available, Borrower shall continue to pay to Lender the amount ofthe separately designated
<br />payments that were due when the insurance coverage ceased to be in effect. Lender will accept, use and retain these
<br />payments as a non-refundable loss reserve in lieu of Mortgage Insurance. Such loss reserve shall be non-refundable,
<br />notwithstanding the fact that the Loan Is ultimately paid in full, and Lender shall not be required to pay Borrower any
<br />interest or earnings on such loss reserve. Lender can no longer require loss reserve payments if Mortgage Insurance
<br />coverage (in the amount and for the period that Lender requires) provided by an Insurer selected by Lender again
<br />becomes available. is obtained, and Lender requires separately designated payments toward the premiums for
<br />Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan and Borrower was
<br />required to make separately designated payments toward the premiums for Mortgage Insurance, Borrower shall pay
<br />the premiums required to maintain Mortgage Insurance In effect, Or to provide a non-refundable loss reserve, until
<br />Lender's requirement for Mortgage InSUrance ends in accordance with any written agreement between Borrower and
<br />l.ender providing for such termination or until termination Is required by Applicable Law. Nothing in this Section
<br />10 affects Borrower's obligation to pay interest at the rate provided in the Note.
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<br />NEBRASKA..Slngle Famlly--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />Form 30Z8 1/01 Page 5 of 11
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