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200707405 insurancc policies covering the Property, insofar as such rights are applicable to the coverage of the Propcliy. Lendcr may uSt: thc insurancc proceeds either to repair or restore the Propeliy or to pay amounts unpaid undcr the Note or this St:curity I nstrumenl. whether or not then due. 6. Occupancy. Borrowcr shall occupy, establish, and usc the Property as Borrower's principal residencc within hO days after the exccution of this Security Instrumcnt and shall continuc to occupy thc Property as Borrower's prinCIpal n:sidellcl: It)r at leilst one year after the date of occupancy, unless Lcnder otherwise agrees in writing, which conscnt shilll not be lIllreasonably withheld. or unless extenuating ein:umstanees exist which arc beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrowcr shall not destroy. damage or impair the Property, allow the Property to deteriorate or commit waste on the Property. Whether or not Born)wt:r is residing in the Propeliy, Borrowcr shall maintain the Property in order to prevent the Property t-J'om deteriorating or dccreasing in value due to its condition. Unless it is determined pursuant to Scction 5 that repair or restoration is not eeonomically feasiblc, Borrower shall promptly repair the Property if damaged to avoid furthcr deterioration or damage. If insurilllcc or condernnation proceeds arc paid in connection with datnage to, or the taking of, the Property. Borrower shall be responsible for rcpairing or restoring the Propetiy only if Lender has releascd proceeds fi)l' SUdl purposes. Lcnder may disburse procecds for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. If the insurance or condemnation proceeds arc not sufflcicnt to repair or restore the Propcrty, Borrower is not relieved of Borrower's obligation for the completion of such repair or restoration. Lender or its agent may make reasonable entries upon and inspections of the Property. If it has rcasonable caUSl:. Ll:nder rnay inspect the interior of the improvements on the Property. Lender shall give Borrowcr notil:t: at the tilllt: of or prior to such an interior inspection specifying such rl:asonable cause. S. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, Borrower or any persons or entities acting at the direction of Borrower or with Borrower's knowkdge or COnsent gave rnatcrially Ldse. misleading. or inaccuratl: information or statements to Lender (or tililed to provide Lender with rnaterial inlt)rmatiolJ) in connection with thl: Loan. Material representations include, but are not Iirnited to. reprcsentations concerning Borrower's occupancy of the Property as Borrower's principal residence. lJ. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. if (:1) Borrower fails to pertt))'f]l the covenants and agreements contained in this Security Instruml:nt, (b) there is a legal ImJl'eedillg that might significantly affect Lender's interest in the Propeliy and/or rights under this Security Instruml:nt (sucli as il procl:l:ding in bankruptcy, probate, ftll' condemnation or forfeiture, for l:ntt)I"Cetllent of a lien which may attain priority over this Security Instrument or to enforel: laws or n;gulations), or (c) Bon-ower has abandoned the Property, tJll:n Lender may do and pay for whatever is reasonable or appropriate to protect Lender's interest in the Property and rights under this Security Instrument, including protecting and/or assessing the value of the Property. and securing and/or repairing file Propcrty. Lender's actions can inclUtk, but are not limited to: (a) paying any sums secunxI by a lien which has priority over tillS Security Instrument; (b) appearing in eomi; and (c) paying reasonable attomeys' fees to protect its interesr in the Property and/or rights under this Security Instrument, including its secured position in a banknJptcy proceeding. Securing tlie Property includes, but is not limited to, entering the Property to make rcpairs, change locks, replace or board up doors :llId windows, drain water from pipes, eliminate building or other code violations or dangerous conditions, and have utilities turncd on or ofT. Although Lender may take action 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 Lender incurs no liability for not taking any or all actions authorizcd under tillS Section 9. Any amounts disbursed by Lender under this Section 9 shall beeOllH: additional dl:bt of Borrower secured by this Security Instrument. These amounts shall bear interest at the Note rate froln the date of disbursement and shall bc payable. wilh such intlTl:st. upon notice frorn Lender to Borrower requesting paynwnt. I I' tllis Security Instrument is on a leasehold, Borrower shall eornply with all the provisions of the lease. I I' Borrower acquires fee tille to the Propeliy, the leasehold and the fee title shall not merge unless Lender agrl:es to the rnerger in writing. 10. Murtgllge Insurance. If Lender required MOligage Insurance as a condition of making the Loan, Borrower shall pay the premiunls required to maintain the Mortgage Insurance in effect. If; for any reason, the Mortgage InsuranCl: coverage rl:quired by Lender Cl:ases to be available from the mortgage insurer that previously provided such insurance a Ill! Loan No: 127317292 'iehraska Ill'ed of TrllSt-Singk l'lInlily-Fal1l1ic MlIc/Frcddic MlIC UNIFORM INSTRliMENT ----Tm: COMI'L1M\CIC S()()I(C1';, tNC,- Pag..7 uf B I i/llll 11111 Illillllll lilll 11111 11111 11111 II/!I 111111111 l:Iil II Ilillll \\'1'.'1'.', C(IIJlpli"'llel:~(~lI[ L~t:.L;t}ll) Initials: _ _ _ _~ MERS i\1otlil.ctl J"or1ll3112K III/III I ~)III NE IIH/IIII,