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201005298 extinguishes the indebtedness, all right, title and interest of Borrower in and to insurance policies in force shall pass to the purchaser. 4. Occupancy, Preservation, Maintenance and Protection of the Property; Borrowers Loan Application; Leaseholds. Borrower shall occupy, establish, and use the property as Borrower's principal residence after the execution of this Security Instrument and Borrower (or at least one Borrower, if initially more than one person ara3 Borrowers) and shall continue to occupy the Property as Borrower's principal residence for the term at the Searrity Instrument. "Principal residence" shall have the same meaning as in the Loan Agreement. Borrower shall not commit waste or destroy, damage or substant(ally change the Property pr allow the Property to deteriorate, reasonable wear and tear excepted. Borrower shall also be in default if Borrower, during the loan application process, gave materially false ar inaccurate information or statements to Lender (ar failed to provide Lender with any material information) in connection with the loan evidenced by the Note, including, but not limited 60, representations concerning Borrower's occupancy of the Property as a prindpal residence. ff this Security Instnument is on a leasehold, Bon~nrer shall comply with the provisions of the lease.lf Borrower acquires fee tide to the Properly, the leasehold and fee title shall not be merged unless Lender agrees to the merger in writing. IS. Charges to Borrower and Protection of Lender's Rights in the Property. Borrower shall .pay aN gavemmental or municipal charges, fines and impositions that are not included in Paragraph 2, Borrower shall pay these obligations an time directly to the entity which is awed the payment. If failure to pay would adversely affect Lender's interest in the Property, upon Lender's request Borrower shall promptly furnish to Lender receipts evidendng these payments. Borrower shah promptly discharge any lien which has priority over this Security Instrument in the manner provided in Paragraph 12(c). If Borrower fails to make these payments or the property charges required by Paragraph 2, or fails to perform any other covenants and agreements crontained in this Security Instrument, or there is a legal proceeding that may significantly affect Lender's rights in the Property (such as a proceeding in banknaptcy, for condemnation or to enforce laws or regulations), then Lender may do and pay whatever is necessary to protect the value of the Property and Lender's rights in the Property, including payment of taxes, hazard insurance and other items mentioned in Paragraph 2. To protect Lender's security in the Property, Lender shall advance and charge to Borrower all amounts due to the Secretary far the Mortgage Insurance Premium as defined in the Loan Agreement as well as all sums due to the loan servicer for servicing activities as defined in the Loan Agreement. Any amounts disbursed by Lender under this Paragraph shall become an additional debt of Borrower as provided for in the Loan Agreement and shall be secured by this Security Instrument. 6. Inspection. Lender pr its agent may enter on, inspect ar make appraisals of the Property in a reasonable manner and at reasonable times provided that Lender shah give the Borrower notice prior to any Inspection or appraisal specifying a purpose far the inspection or appraisal which must be related to Lender's interest in the Properly, if the Property is vacant or abandoned or the loan is in default, Lender may take reasonable action to protect and preserve such vacant or abandoned Property without notice to the Borrower. 7. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection with any condemnation or ether taking of any part of the Properly, or for conveyance in III~I II II I I~ I I it 1111111~~ q 2 d Mor~page Gdena, Inc, ~ 0279 (Q71D7) (3 or 9) Nabre~ka Saaond Deed of Trust -HELM FIXED RATE