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201i40038 In the event af foreclosure of this Security Instrument or other transfer of title to the Property that 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 af the Property; Borrower's Loan Application; Leaseholds. Bqrrower 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 Borrowers) and shall continue to occupy the Property as Borrower's principal residence for the term of the Security Instrument. "Principal residence" shall have the same meaning as in the Loan Agreement. Borrower shall not commit waste or destroy, damage or substantially change the Property or allaw the Property to deteriorate, reasonable wear and tear excepted. Borrower shall also be in default if Borrow�r, during t��e Ioan application process, g�ve materially false or inaccurate information or statements to Lender (or failed to provide l.ender with any material information) in connection with the loan evidenced by the Note, including, but nat limited to, representations concerning Borrower's accupancy af the Property as a principal rasidence. If this Security Instrument is on a leasehold, Borrower shall comply with the provisions af the lease. If Borrower acquires fee title to the Property, the leasehold and fee title shall not be merged unless Lender agress to the mergsr in writing. 5. Charges to Borrower and Protection of Lender's Rights in the Property. Borrower shall pay all gavernmental or municipal charges, fines and impositians that ar� not included in Paragraph 2. Borrower shall pay these obligations on time directly to the entity which is owed 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 evidencing these payments. Borrower shall promptly discharge any lien which has priority aver this Security Instrument in the mann�r provided in Paragraph 12(c). If Borrower fails tp make these payments or the property charges required by Paragraph 2, or fails to perform any other covenants and agreements contained 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 bankruptcy, for cond�mnation or to enforce laws or regulations), then Lender may do and pay whatever is necessary to pratect the value of the Prpperty 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 for the Mortgage Insurance Premium as defined in the l.oan 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 or its agent may enter on, inspect or make appraisals af the Property in a reasonable manner and at reasonable times provided that Lender shall give the Borrower notice prior to any inspection ar 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 abandoned or the loan is in default, Lender may take reasonable actian to protect and preserve such vacant or abandoned Property without notice to the Borrower. I I IIIIIIIIIIIIIIIIIIIIII IIIIIIIIII IIIIIIIIIIIIII IIIIIIIIIIIIIIIIIIII) IIIII q0322579226011720000000w Mortgage Cadence, LLC �J 0279 (07/07) (3 of 9) Nebraska Second �eed of 7rust - HECM FIXED RATE