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<br />are applicable to the coverage of the Property. Lender may use the in�urance proceeds either to repair or restore the
<br />Property or to pay amaunts unpaid under the Note or this Security lnstrurnent, whether or not then due.
<br />6. Occupancy. Bo:rrower shall occupy, establish, and use the Property as Borrawer's principal residence
<br />within 60 days after the execution of this Security Instrurnent 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 Yroperty; Inspections. Borrower sha11 not destroy,
<br />damage or impair the Property, allow the Property to deteriorate or commit waste on the Property. Whether or not
<br />Borrawer is residing in the Property, Borrower shall maintain the Property in order to prevent the Property frorn
<br />deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that repair or
<br />restaratian is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further
<br />deteriaration or damage. If insurance or condemnation proceeds are paid in connection with damage to, or the taking
<br />of, the Property, Horrower shall be responsible for repairing or restoring the Property only if Lender has released
<br />proceeds for such purposes. T,ender may disburse proceeds for the repairs and restoration in a single payment or in
<br />a series of progress payments as the work is carnpleted. If the insuranc� or condemnatian proceeds are not sufficient
<br />to repair ar restore the Froperty, Borrower is not relieved of Borrower's obligation for the completion of such arepair
<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 natice at the time
<br />of or prior to such an interior inspection specifying such reasonable cause.
<br />S. 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 (ar failed to provide Lender with
<br />material information) in connection with the Loan. Material representatians include, but are not limited to,
<br />representations concerning Borrower's nccupancy 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 agreennents contained in this Security Instrument, (b) there is a legal
<br />proceediz�g that might significantly affect Lender's inierest in the Property and/or rights under this Security Znstrument
<br />(such as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for enforcement of a lien which rnay
<br />attain priority over this Security lnstrument or to enforce laws or r�gulations), or (c) Boz'rower has abandoned the
<br />Property, then Lender may do and pay for what�ver is reasanable or appropriate to protect Lender's interest in the
<br />Property and rights under this Security Instrument, including pratecting and/or assessing the value of the Pr�perty,
<br />and securing and/or repairing the Property. Lender's actions can include, but are not limited to: (a) paying any surns
<br />secured by a lien which has priority over this Security Inst�rument; (b) appearir�g in court; and (c) paying reasonable
<br />attorneys' fees to protect its interest an the Property and/or rights under this Security Instrument, including its secured
<br />pasition in a bankruptcy proceeding. Securing the Froperty includes, but is not lirnited to, entering the Property to
<br />make repairs, change locks, replace or board up doors and windows, drain water from pipes, eliminate huilding or
<br />other code violations or dangerous conditions, and have utilities turn�d on ar off. Although Lender may take action
<br />under this Section 9, Lender do�s 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 arnounts disbursed by Lender under this Section 9 shall become additional debt of B�rrower secured by this
<br />Security lnstrument. These anaounts shall bear interest aC the Note rate from the date af disbursement and shall be
<br />payable, with such interest, upon notice from Lender to Borrower requesting payment.
<br />lf this Security Instarument is on a leasehold, Barrower 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 I.ender, 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 T,ender agrees to the merger
<br />in writing.
<br />10. Mortgage Insurance. If I..ender 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 fram the mortgage insurer that previously provided such
<br />insurance and Sorrower was required to make separately designated payments toward the prezniuzns for Mortgage
<br />Insurance, Borrower sha11 pay the premiums required ta 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 />pteviously in effect, from an alternate znortgage insurer selected by Lender. If subsCantially 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 sha11 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 />Martgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan and Borrower was
<br />required to make separately designated pay:nnents toward the prerniums tor Mortgage Insurance, Borrower shall pay
<br />the premiums required to maintain Mortgage Insurance in effect, or to provide a non-refundable lnss reserve, until
<br />Lend�r's requirement for Mortgage Insurance ends in accordance with any written agreement between Borrower and
<br />NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT DncM ICQFT�� 800-649-1362
<br />Form 3028 1/01 Page 5 of 1 1 www.docmagic.com
<br />Ne3Q28.dot.unl
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