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2011Q329� rights to any insurance proceeds in a.n amount not to exceed the amounts unpaid under the Note or this Security Inshument, and (b) any other of Borrower's right� (other than the right to any refund of unearned premiums paid by Borrower) under • all insurattce policies covering the Properly, insofar as such rights are applicable to the coverage of the Property. Lender may use the insurance pmceeds either to repair or restore the Property or to pay amounts unpaid under the Note or this Security Instrument, whether or not then due. 6. Occupancy. Bonower shall occupy, establish, and use fihe Property as Borrower's principal residence within 60 days a.fter the execution of ttus Security Instrument and shall cotttinue to occupy the Properiy as Bonower's principal residence for at least one year after the date of occupancy, unless Lender .otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances e�cist which are beyond Borrower's controL 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower sha11 not destroy, damage or impair the Property, allow the Property to deteriorate or commit waste on the Property. Whether or not Borrower is residing in the Properiy, Bonower shall maintain the Property in order ta prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that repair or restoration is not economically feasible, Borrower sha11 promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in connection with damage to, or the taking of, the Property, Bonower shall be responsible for repairing or restoring the Property only if Lender has released proceeds for such purposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series ofprogress payments as the work is completed. If the insurance or condemnation proceeds are not sufficient to repair or restore the Property, Bonower is ttot relieved of Borrower's obligation for the completion of such regair or restoration. Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender shall give Borrower notice at the time of or prior to suck an interior inspection specifying such reasonable cause. 8. Borrower's Lo�n Applicafion. Bortower shall be in default if, during the Loan application process, Bonower or any persons or entities acting at the direction of Borrower or with Borrower's knowledge or consent gave materially false, misleading, or inaccurate information or sta.tements to Lender (or failed to provide Lender with material information) in connection with the Loan. Material representations include, but are not limited to, representations concerning Borrower's occupancy of the Property as Borrower's principal residence. 9. Protection of Lender's Irtterest in the Property and Rights Under this Security Instrument. If {a) Bortower fails to perform the covenauts and agreements contained in this Security Instrument, (b) there is a legal proceeding that might significantly affect Lender's interest in the Properly and/or rights under this Security Inslrument (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for enforcement of a lien which may attain priority over this Security Insfrument or to enforce laws or regulations), or (c) Borrower has abandoned the Properly, then Lender may do and pay for whatever is reasonable or appropriate to protect Lender`s interest in the Property and rights under this Security Insttument, including protecting and/or assessing the value of the Property, and securing and/or repairing the Properiy. Lender's a.ctions can include, but are not limited to: (a) paying any sums secured by a lien which has priority over this Security Instrument; (b) appearing in court; and (c) paying reasonable attorneys' fees to protect its interest in the Properiy and/or rights under this Security Instrument, including its secured position in a batikruptcy proceeding. Securing the Property includes, but is not limited to; entering the Property to make repairs, change locks, replace or board up doors and windows, drain water from pipes, eliminate building or other code violations or dangerous conditions, and have utilities turned on or off. Although Lender may take action under this Section 9, Lender does not have to do so and is not under any duty or obligation tn do so. It is agreed that Lender incurs no liability for not taking any or all actions authorized under this Seciion 9. Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower secured by thi.s Security Inshvmen� These amounts shall bear interest at the Note rate from the date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting paymen� HCFO-00359 NEBRASKA-Single Famlly-Fennie Mae/Freddie Mac UNIFORM INSTRUMENT VMP� Wotteia Kluwer Fine�ial Servi�a 2011042fi4.0.0.0.4002-J20100902Y Fortn 3028 1/01 Page 6 of 93