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<br /> are applicable to the coverage of the Property. Lender may use the insurance proceeds either to repair or restore 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 60 days after the execution of this Security Instrument and shall continue to occupy 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, or unless extenuating circumstances exist which are beyond Borrower's
<br /> control.
<br /> 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy,
<br /> damage or impair the Property, allow 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 promptly repair the Property if damaged to avoid further
<br /> deterioration or damage. If insurance or condemnation proceeds are paid in connection with damage to, or the taking
<br /> of, the Property, Borrower shall be responsible for repairing or restoring the Property only if Lender has released
<br /> proceeds for such purposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in
<br /> a series of progress payments as the work is completed. If the insurance or condemnation proceeds are not sufficient
<br /> to repair or restore the Property, Borrower is not relieved of Borrower's obligation for the completion of such repair
<br /> or restoration.
<br /> Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause,
<br /> Lender may inspect the interior of the improvements on the Property. Lender shall give Borrower notice at the time
<br /> of or prior to such an interior inspection specifying such reasonable cause.
<br /> 8. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process,
<br /> Borrower or any persons or entities acting at the direction of Borrower or with Borrower's knowledge or consent gave
<br /> materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with
<br /> material information) in connection with the Loan. Material representations include, but are not limited to,
<br /> representations concerning Borrower's occupancy of the Property as Borrower's principal residence.
<br /> 9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. If (a)
<br /> Borrower fails to perform the covenants 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 bankruptcy, probate, for condemnation or forfeiture, for enforcement of a lien which may
<br /> attain priority over this Security Instrument or to enforce laws or regulations), or (c) Borrower has abandoned the
<br /> Property, then Lender may do and pay for whatever is reasonable or appropriate to protect Lender's interest in the
<br /> Property and rights under this Security Instrument, including protecting and/or 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 (c) paying reasonable
<br /> attorneys' fees to protect its interest in the Property and/or rights under this Security Instrument, including its secured
<br /> position in a bankruptcy proceeding. Securing the Property includes, but is not limited to, entering the Property to
<br /> make repairs, change locks, replace or board up doors and windows, drain water from pipes, eliminate building or
<br /> other code violations or dangerous conditions, and have utilities turned on or off. Although Lender may take action
<br /> 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
<br /> Lender incurs no 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 secured by this
<br /> Security Instrument. These amounts shall bear interest at the Note rate from the date of disbursement and shall be
<br /> payable, with such interest, upon notice from Lender to Borrower requesting payment.
<br /> If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease.
<br /> Borrower shall not surrender the leasehold estate and interests herein conveyed or terminate or cancel the ground lease.
<br /> Borrower shall not, without the express written consent of Lender, alter or amend the ground lease. If Borrower
<br /> acquires fee title to the Property, the leasehold and the fee title shall not merge unless Lender agrees to the merger
<br /> in writing.
<br /> 10. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan, Borrower
<br /> shall pay the premiums required to maintain the Mortgage Insurance in effect. If, for any reason, the Mortgage
<br /> Insurance coverage required by Lender ceases to be available from the mortgage insurer that previously provided such
<br /> insurance and Borrower 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 Borrower of the Mortgage Insurance
<br /> previously in effect, from an alternate mortgage insurer selected by Lender. If substantially equivalent Mortgage
<br /> Insurance coverage is not available, Borrower shall continue to pay to Lender the amount of the separately designated
<br /> payments that were due when the insurance coverage ceased to be in effect. Lender will accept, use and retain these
<br /> payments as a non-refundable loss reserve in lieu of Mortgage Insurance. Such 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 Borrower any
<br /> interest or earnings on such loss reserve. Lender can no longer require loss reserve payments if Mortgage Insurance
<br /> coverage (in the amount and for the period that Lender requires) provided by an insurer selected by Lender again
<br /> becomes available, is obtained, 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 premiums for Mortgage Insurance, Borrower shall pay
<br /> the premiums required to maintain Mortgage Insurance in effect, or to provide a non-refundable loss reserve, until
<br /> Lender's requirement for Mortgage Insurance ends in accordance with any written agreement between Borrower and
<br /> 3.-S. a
<br /> NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTR MENT DocMegic 800.649.1367
<br /> Form 3028 1/01 Page 5 of 11 www.docmagio.com
<br /> Ne7Q2$. dot. xmI
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