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<br />are applicable to the cov�rage of the Praperty. Lender may use the insurance pt'oceeds either to repair or restare 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 5Q days after the execulion of this Security Instrument and shall conlinue lo c�aaupy 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, ar unless extenuating circumstances exist which are beyond Borrower's
<br />control.
<br />7. Preservation, Maintenance and Proteetion of the Property; Tnspections. Borrower shall nat destroy,
<br />damage or impair the Property, allaw the Property to deteriorate or commit waste on the Property. Whether or not
<br />Borrower is residing in the Property, Borrower shall maintain the Property in order to prevent the Property from
<br />deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that repair or
<br />restoration is not economically feasible, Borrower shall prompkly repair the Property iF damaged to avoid further
<br />deterioration or damage. If insurance or condemnation proceeds are paid in cannection with damage to, or the taking
<br />of, the Property, Borrower shall be responsible for repairing or restaring the Property only if Lender has released
<br />proceeds for such purposes. Lender may disburse proceeda far the repairs and restoration in a single payment or in
<br />a series of progress payments as the work is aompleted. If the insurance or condemnatian proceeds are not sufficient
<br />to repair ar restore the Property, Borrower i5 n�t relieved of Borrower' s obligation for the aompletion of such repair
<br />pr restqration.
<br />Lender or its agent may make reasonable entries upon and inspections of the �'roperty. If it has reasonable cause,
<br />Lender may inspect the interior of the improvements on the Property. Lender shall give $orrowar notice at the time
<br />of or prior to such an interior inspection specifying such reasonable cause.
<br />8. Borrower's Loan Application. $orrower shall be in default if, during the Loan application process,
<br />Borrower or any persons or entities acting at the diraction of Borrower ar with Borrower' s knowledge ar consent gave
<br />materially false, misleading, or inaccurate information or statements to Lender (or failed to pravide Lender with
<br />material information) in connection with the Loan. Material representations include, but are not limited Co,
<br />representations concerning Borrower's accupancy of the 1'roperty as Borrower's principal resid�nce.
<br />9. Pratection of Lender's Interest in the Property and Rights Under this Security Instrument. Tf (a)
<br />Borrower fails to perform the aavenants and agreements contained in this Security Instrument, (b) there is a legal
<br />proceeding that might significantly affect Lender' s interest in the Property and/or rights under this Security Instrument
<br />(such as a proceeding in hankruptcy, probate, Fnr condemnation or forfeiture, for enforcement of a lien which may
<br />attain priority over this Security Instruznent or to enForce laws or regulations), or (c) Borrower has abandoned the
<br />Property, then Lender may da and pay for whatever is reasonable or apprapriate to protect Lender's interest in the
<br />Property and rights under this Security Instrument, including protecting and/ar assessing the value of the Property
<br />and securing and/or repairing the Property, Lender' s actions can include, but 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 (a) paying reasonable
<br />attorneys' fees to protect its interest in the Property and/or rights under th:is Security Instrument, including its secured
<br />position in a 6ankruptcy proceeding. Sccuring the Praperty inoludes, but is not limited to, entering the Property to
<br />make repairs, change locks, replace or board up doars and windows, drain water from pipes, eliminate building or
<br />other code violations or dangerous conditions, and have utilities turnad on or off. Although Lender may take action
<br />under this Section 9, Lender does not have ta do so and is not under any duty or obligation to do so. It is agreed that
<br />Lender incurs na liability for not taking any ar all actions authorized under this Section 9.
<br />Any amounts disbursed by Lender under this Section 9 shall become additional deht of $orrower secured by this
<br />Security Instrument. These amaunts shall bear interest at the Note rate from the date of disbursemenk and shall be
<br />payable, with such interest, upan notice from Lender to Borrower requesting payment.
<br />If this Security Instrument is on a leasehold, Borrower shall aamply with all the provisions of the lease.
<br />Borrower shall not surrender the leasehold estate and interests herein conveyed or terminate ar cancel the ground lease.
<br />Borrower shall not, without the express written consent af Lender, alter or axnend the ground lease. IF Borrower
<br />acquires fee title to the Proparty, the leasehold and the fee title shall not merge unless Lender agrees to the merger
<br />in writing.
<br />10. Mortgage Insuranee. Tf Lender required Mortgage Insurance as a condition of malcing the Loan, Bc�rrawer
<br />shall pay the premiums required to maintain the Mortgage Insuranae in effect. If, for any reasan, the Mortgage
<br />Insurance coverage required by Lender ceases to be available from the martgage insurer that previausly provided such
<br />insurance and Sorrower was required to make separately designated payments toward the premiums for Mortgage
<br />Insurance, 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 Borrawer of the Mortgage Insurance
<br />previously in effect, from an alternate mortgage insurer selected by Lender. If substantially equivalent Mortgage
<br />Insurance coverage is nat available, Borrower shall aantinue to pay to Lender the amount of tha separately designated
<br />payments that were due when the insurance coverage ceased ta be in effect. Lender will accept, usa and retain these
<br />payments as a non-refundable loss reserve in lieu af Mortgage Insurance. Suoh 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 Borrawer any
<br />interest or earnings on such loss reserve. Lender can no longer require loss reserve payments if Martgage Insurance
<br />ooverage (in the amount and for the period that Lender requires) provided by an insurer selected by Lender again
<br />becomes available, is ohtained, 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 prerniums for Mortgage Insurance, Barrower shall pay
<br />the prcmiums required to maintain Mortgage Insurance in effect, or to pravide a non-refundable lass reserve, until
<br />Lender' s requirez�►aent for Mortgage Insurance ends in accordance with any written agreement between Borrower and
<br />NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIFARM INSTRUMENT DpCMagic� soo-sa9-�382
<br />Form 3028 1/D1 Page 5 of 11 www.docmaglc.com
<br />Ne3028, dat. �md
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