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20110386G 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 exist which are beyond Borrower' s conirol. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or impair the Property allow the Property to deteriorate or commit waste on the Property. Whether or not Bonower is residing in the Property, Bonower shall maintain the Property in order to 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, Bonower shall promptly repair the Properiy if damaged to avoid further deterioration or damage. If insuraace 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 of progress payments as the work is completed if the insurance or condemnation proceeds are nof sufficient to repair or restore the Propetty, Borrower is not relieved of Bonower' s obligation for the completion of such repair or restorarion. 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 such an interior inspection specifying such reasonable cause. 8. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, Borrower or any persons or entities acting at the direction of Bonower or with Bonower' s knowledge or consent gave materially false, misleading, or inaccurate information or statements 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 Bonower's occupancy of the Properly as Bonower's principal residence. 9. Protection of Lender's Interest in the Property and Rights Under this 5ecurity Instrument If (a) Bonower fails to petform the covenants and agreements contained in this Security Instrument, (b) there is a legal proceeding that might significantly affect Lender' s interest in the Property and/or rights under this Security Insirument (such as a proceeding in ba.nl�uptcy, probate, for condemnation or forfeitute, for enforcement of a lien which may attain priority over this Security Insttvment or to enforce laws or regulations), or (c) Borrower has abandoned the Property, then Lender may do and pay for whatever is reasonable or appropriate to protect Lender's interest in the Properiy and rights under this Security Instrument, including protecting and/or assessing the value of the Property, and securing and/or repairing the Property. Lender's acrions can include, but aze 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 attomeys' fees to protect its interest in the Property and/or rights under this Security Instrument, including its secured position in a banl�uptcy proceeding. Securing the Properiy 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 acrion under this Section 9, Lender does not have to do so and is not under any duty or obligarion to do so. It is agreed that Lender incurs no liability for not taking any or a11 actions authorized under this Section 9. Any amounts disbursed by Lender under this Section 9 shall become additional debt of Bonower secured by this Security Instrument. 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 Bonower requesting payment. If this Security Instrument is on a leasehold, Bonower shall comply with all the provisions of the lease. Borrower shall not sunender the leasehold estate and interests herein conveyed or terminate or cancel the ground lease. Borrower shall not, without the express written consent of Lender, alter or amend the ground lease. If Borrower acquires fee title to the Property, the leasehold and the fee title sha11 not merge unless Lender agrees to the merger in writing. 10. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds aze hereby assigned to and shall be paid to Lender. If the Properiy is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of the Propetty, if the restoration or repair is economically feasible and Lender's security is not lessened. During such repair and Bonowet Initials: � NEBRASKA-Single Family-UNIFORM INSTRUMENT p�y� � MODIFlm FOR DEPARTMENT OF VETERANS AFFAIRS - MERS www.d�maglc.com (Rev. 1/01) Page 7 of 14 II IIIIIII I�III III I'll IIII 1 I II I II � I I II�II IIIIIIII� III III