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200908793
<br />s. Occupancy. Borrower shall occupy, establish, and use the Property as Borrowers principal
<br />residence wfthin 60 days after the execution of this Security Instrument and sha11 continue tv 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 shall not be unreasonably withheld, or unless extenuating
<br />circumstances exist which are beyond Borrr~wers controt-
<br />7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not
<br />destroy, damage or impair the Property, allow the Property to deteriorate or commit waste on the Property.
<br />Whetheror not Borrower is residing in the Property, Borrower shall maintain the Propertyin orderto preventthe
<br />Property from deteriorating or decreasing in value due to its condition. Unless it is de#ermined pursuant #o
<br />Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if
<br />damaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in
<br />connection with damage to, or the taking of, the Property, Borrower shalt be responsible for repairing or
<br />restoring the Property only if Lender has released proceeds forsuch purposes. Lender may disburse proceeds
<br />fvrthe repairs and restoration in a single payment or in a series of progress payments asthework is completed.
<br />If the insurance or condemnation proceeds are not sufficient to repair or restore the Property, Borrower is not
<br />relieved of Borrower's obligation far the completion of such repair or restoration.
<br />Lender or its agent may make reasonable entries upon and inspections of the Property. If it has
<br />reasonable cause, Lender may inspect the interior of the improvements an the Property. Lender shah give
<br />Borrower notice at the time of or prior to such an interior inspection specifying such reasonable cause-
<br />ti. Borrower's Laan Application. Borrowershall be in default if, during the Loan application process,
<br />Borrower nr any persons or entities acting at the direction of Borrowerorwith Hon'owers knowledge orconsent
<br />gave materially false, misleading, or inaccurate information or statements to Lender (orfailed to provide Lender
<br />with material infarma#ian} in connection with the Lnan. Material representations include, but are not limited #a,
<br />represen#atinns concerning Borrower's occupancy of the Property as Borrowers principal residence.
<br />9. Protection of Lender's Interest in the Property and Rights Underthis Security Instrument. If
<br />(a) Borrower fails to perform the covenants and agreements contained in thisSecurity Instrument, (b) there is a
<br />legal proceeding that might significantly affect Lender's interest lathe Propertyand/or right`s underthis Security
<br />Instrument (such as a proceeding in bankruptcy, probate, for condemnation nr forfeiture, forenfnrcement of a
<br />lien which may attain priority overthis Security Instrument or#o enforce laws or regulations}, or (c) Borrower
<br />has abandoned the Property, then Lender may do and pay forwhatever is reasonable or appropriate to protect
<br />Lenders interest in the Property and rights under this Security Instrument, including protecting and/or
<br />assessing the value of the Property, and searing and/or repairing the Property. Lenders actions can include,
<br />but are not limited to: (a) paying any sums secured by a lien which has priority overthis Security Instrument;
<br />(b) appearing in court; and (c) paying reasonable attorneys' fees to protect its interest in the Property and/or
<br />rights under this Security Instrument, including its secured position in a bankruptcy proceeding- Securing the
<br />Property includes, but is not limited to, entering the Property to make repairs, change locks, replace or board
<br />up doors and windows, drain water from pipes, eliminate building or other cede violations or dangerous
<br />conditions, and have utilities tamed on or off. Although Fender may take action under this Section 9, Lender
<br />does not have to do sn and is not under any duty or obligation to do sn. it is agreed that Lender incurs nn
<br />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
<br />secured by this Security Instrument. These amounts shall bear interest at the Nnte rate from the date of
<br />disbursement and shall be payable, with such interest, upon notice from Lender to Harrower requesting
<br />payment.
<br />If this Security Instrument is on a leasehold, Borrower shall comply with al! the provisions of the lease.
<br />If Harrower acquires fee title to the Property, the leasehold and the fee title shall not merge unless Lender
<br />agrees to the merger inwriting-
<br />?0. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan,
<br />Borrowershall pay the premiums required to maintain the Mortgage Insurance in effect. If, farany reason, the
<br />Mortgage Insurance coverage required by Lender ceases to be available from the mortgage insurer that
<br />previously provided such insurance and Borrower was required to make separately designated payments
<br />toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to obtain coverage
<br />substantially equivalent to
<br />the Mortgage Insurance previously in effect, at a cast substantially equivalent to the cost to Borrower of the
<br />Mortgage Insurance previously in effect, from an alternate mortgage insurer selected byLer~er- If substantially
<br />equivalent Mortgage insurance coverage is not available, Bonowershall continue to pay to Lenderthe amount
<br />NE9flasK,a-SJn®(e FamRy--Fannie MaerFreddie Nlao UNIFORM 1N3'I'RUMENT (Page a al 12)
<br />Nebraska Deed of Trull 9028
<br />NE r~or o~ro~
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