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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 ar this Security lnstrument, whether or not then due.
<br />6. Occupancy BOiipWCi S�laII pCCllpY establish, and use the Property as Borrower's principal residence
<br />within 60 days after the execution of this Security Instruznent and shall continue to occupy the Froperty 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 sha11 not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower's
<br />control.
<br />7. Freservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy,
<br />darnage or impair the Property, allow the Property to deteriarate or commit waste an 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 conditian. Unless it is determined pursuant to Section 5 that repair or
<br />restoration is not economically feasible, Borrower sha11 pramptly repair the Property if damaged to avoid further
<br />deterioration or damage. If insurance or condemnation proceeds are paid in connection with damage ta, or the taking
<br />of, the Property, Borrower shall be responsible for repairing or restaring the Property only i� L,ender has released
<br />proceeds for such purposes. L,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 completed. If the insurance or condemnation proceeds are not sufficient
<br />to repair or restore the Property, Borrower is not relieved of Barrower's obligation for the cornpletion of such repair
<br />or restoration.
<br />I.ender or its agent rnay make reasanable entries upon and inspectians of the Property. If it has reasanable cause,
<br />L,ender 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 interinr inspection specifying such reasanable cause.
<br />8. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process,
<br />Barrower or any persons ar entities acting at the direction of Borrower or with Borrower's knowledge or consent gave
<br />znaterially false, masleading, or inaccurate infornaation or statements to Lender (or failed to provide Lender with
<br />material informatian) in connectian with the Loan. Material representations include, but are not limited tn,
<br />representations concerning Borrower's occupancy of the Property as Borrower's principal residence.
<br />9. Protection of Lender's Interest in the I'roperty and Rights Under this Security Instrument. If (a)
<br />Borrower fails to perform the cavenants and agre�ments contained in this Secucity Instrument, (b) there is a legal
<br />proceeding that might significantly affect Lender's interest in the Property and/or rights under this Security lnstrument
<br />(such as a proceeding in bankruptcy, probate, for condernnation or forfeiture, for enforcernent 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 rnay 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 prntecting and/or assessing the value of the Property,
<br />and securing and/or repairing the Property. L,ender's actions can include, but are not limited to: (a) paying any sums
<br />securetl by a lien which has priority over this Security Instruanent; (b) appearing in court; az�d (c) paying reasonable
<br />attorneys' fees to protect iis interest in the ProperCy and/or rights under this Security Instrument, including its secured
<br />position in a banknaptcy proceeding. Securing the Property includes, but is not limited to, entering the PropeRy 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 I,ender 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 />L.ender 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 Borrowec secured by this
<br />Security Instrur►xent. These amounts shall bear interest at the Note rate from the date of disburseznent and shall be
<br />payable, with such interest, upon notice from Lender to Borrower requesting payrnent.
<br />if this Security lnstrument is on a leasehold, Borrower shall comply with all the provisions of the lease.
<br />Borrower shal l 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. lf Borrower
<br />acquires fee title to the Property, the leasehold and tlte fee title shall not merge unless Lender agrees to the merger
<br />in writing.
<br />10. Mortgage Insurance. If I.ender required Mortgage Insurance as a condition of inaking the Loan, Borrawez'
<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 th� Mortgage
<br />Insuranc� 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 L.ender 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 th� fact that the Loa�t is ultimately paid in full, and Lender shall not be required to pay Borrower any
<br />interest or earnings on such loss reserve. L.ender can no longer require loss reserve payments if Mortgage lnsurance
<br />coverage (in the amount and for the period that Lender requires) provided by an insurer selected by L.ender 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 lnsurance, �orrower sha11 pay
<br />the prerniums 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 agreernent between Borrower and
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<br />NEBRASKA--Single amily--Fannie Mae/Freddie Mac UNIF�RM INSTRUMENT DocMagic � soo-sas-s3s2
<br />Form 302$ 1101 Page 5 of 1 1 www.docmagic.com
<br />Ne3028.Aot.xml
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