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2oioo�8io force shall pass to the purchaser. 4. Occupancy, Preservation, Maintenance and Protection of the Property; Borrower's 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 are Borrawers) shall continue to occupy the Property as Borrower's principal residence for the term of the Security Instrument. "Principal residence" shall have the same rneaning as in the Loan Agreement. Borrower shall not commit waste or destroy, damage ar substantially change the Property or 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 statemants to Lender (or failed to provide Lender with any material information) in connection with the loan evidenced by the Note, including, but nat limited to, representations concerning Borrower's occupancy of the Property as a principal residence. If this Security Instrument is on a leasehold, Borrower shall comply with the provisions of the lease. If Borrower acquires fee title to the Property, the leasehold and fee title shall not be merged unless Lender agrees to the merger in writing. 5. Charges to Borrower and Protection af Lender's Rights In the Property. Borrower shall pay all governmental or municipal charges, fines and impositinns that are not included in Paragraph 2. Borrower shall pay these obligations on 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 �orrower shall promptly furnish to Lender receipts evidencing these payments. Borrower shall promptly discharge any lien which has priority aver this Security Instrument in the manner provided in Paragraph 12(c). If Barrower fails to make these payments or the property charges required by Paragraph 2, or fails to perform any other cavenants and agreements contained in this Security Instrument, or there is a legal proceeding that may signiflcantly afFect Lender's rights in the Property (such as a praceeding in bankruptcy, for condemnation or to enforce laws or regulations), then Lender may do and pay whatever is necessary to protect the value af the Property and Lender's rights in the Property, including payment of taxes, hazard insurance and other items mentianed in Paragraph 2. To protect Lender's security in the Property, Lender shall advance and charge to Borrower all amounts due to the Secretary for the Mortgage Insurance Premium as defined in the Loan Agreement as well as all sums due ta the loan senricer 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 5ecurity Instrument. Inspection. Lender or its agent may enter on, inspect or make appraisals of the Property in a reasanable manner and at reasonable times provided that Lender shall give the Borrower notice prior to any inspection or appraisal specifying a purpose for the inspection or appraisal which must be related to Lender's interest in the Property. If the Property is vacant or abandaned or the laan is in default, Lender may take reasonable action to protect and preserve such vacant or abandoned Property without notice to the Borrower. 7. Condemnation. 7he proceeds of any award or claim for damages, direct or consequential, in connection with any condemnation, or other taking af any part of the Property, or for canveyance in place of condemnation shall be paid to Lender. The proceeds shall be applied first to the reduction III I �IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII q0322579�2600233D0000DOL Mprtgage Cadence, LLC � 0228 07/07 (3 of 10) Ne6raska Deed of Trust HECM FIXEP RATE