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2U11U4�5� rights to any insurance proceeds in a.n amount nat to exceed the amounts unpaid uncler the Note or this Security Inshument, and (b} any other of Borrower's rights (other than the right to any refund of unearned premiums paid by Borrower) under all insurance policies covering the Property, insofar as such rights aze applicable to the coverage of the ProperLy. Lender may use the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the Note ar this 5ecurity Instrument, whether or not then due. 6. Occupan�y. Borrower sha11 occupy, establish, and use the Property as Bonower's principal residence within 60 days after the �ecution of this Security Inshument and shall continue to occupy the Properry as Borrower's principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, wluch consent shall not be unreasonably withheld, or unless extenuating circumstances exist 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 Properly. 'Whether or not Borrower is residing in the Properiy, Borrower shall maintain the Property in order to prevent the Property from deteriorating or deereasing in value due to its condition. Unless it is determined pursuant to Section 5 that repair or restoratian is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in connection with dasnage to, or the taking of, the Property, Borrower shall be responsible far repairing or restoring the Properly only if Lender has released proceeds for such purposes. Lender ma.y disburse proceeds for the repairs and restoration in a single payment or in a series ofprogress payments as the work is campleted. If the insurance ar condemnation proceeds are not sufficient to repair or restore the Property, Bonower is not relieved of Borrower's obligation for the completion of such repair or restoration. Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender may inspact the interior of the improvements on the Praperly. Lender shall give Borrower notice at the time of or prior to such an ittterior inspection specifying such reasonable cause. 8. Borrower's Loan Application. Borrower shall be in default if, during the Laan application process, Borrower or any persons or entities acting at the direction of Borrower or with Borrower's knowledge or consent gave materially false, misleading, or inaccurate infarmation 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, representa.tions concerning Borrower's occupancy of the Property as Borrower's principal residence. 9. Protection of Lender`s Interest in the Property and Rights Under this Securifiy Instrument. If (a) Barrower fails to perform the covenants and agreements contained in this Seeurity Inshument, (b) there is a legal proce�ing that might significantly affect Lender's interest in the Property andJor rights under this Security I�sttument (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for enforcement of a lien which may attain priority over this Security Instrument or to enforce laws or regulativns), or (c) Borrower has abandoned the Property, then Lender may da and pay for wha.tever is reasonable or appropriate to proteot Lender's interest in the Property and rights under this Security Instrument, including protecting andJor assessing the value of the Property, and seeuring and/or repairing the Properl.y. Lender's actions can include, but axe nat limited to: (a) paying a.ny sums secured by a lien which has priority over this 5ecurity Instrument; (b) appearing in court; and {c) paying reasonable attorneys' fees to protect its interest in the Property andlor rights under this Security Instrument, including its secured position in a banl�uptcy proceeding. Securing the Property includes, but is not limited to, entering the Property to make repairs, change locks, replace or board up daors and windows, drain water from pipes, eliminate building or ather code violations or dangerous conditions, and have utilities turned an or off. Although Lender may take a.ction under this Section 9, Lender does not have to do so and is not under any duty or obligation to do so. It is a.greed that Lender incurs no liability for not taking any or all actions authorized under this Sechon 9, Any amounts disbursed by Lender under this Section 9 shall become a.dditional debt of Borrawer secured by this 5ecurity Instrumen� These amaunts sha.11 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 payment HCFO-00359 NEBRASKA�ingle Fam(ly-Fsanie MselFreddia Mac UNIFORM INSTRUMENT Form 3028 1/01 VMP� Wokeia Kluwer Financial Services 201106174.0.0.0.4002-J20110224Y Page 6 of 13 1