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<br /> are applicable to the coverage of the Property. Lender rnay use the insurance proceeds either to repair or restore the
<br /> Property or to pay amounts unpaid under the Note or this Security Instrument, whether or not then due.
<br /> 6. Occupancy. Bonower shall occupy, establish, and use the Property as Bonower's principal residence
<br /> within 60 days after the execution of this Security Instrument and shall continue to occupy the Property as Bonower's
<br /> principal residence for at least ane 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 Property;Inspections. Borrower shall not destroy,
<br /> damage or impair the Property, allow the Property to deteriorate or commit waste on 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 condition. Unless it is determined pursuant to Section 5 that repair or
<br /> restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to a�oid further
<br /> deterioration or damage. If insurance or condernnafion proceeds are paid in connection with damage to,or the taking
<br /> of, the Property, Bonower shall be responsible for repairing or restoring the Property only if Lender has released
<br /> proceeds for such purposes. Lender 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, Bonower is not relieved of Borrower's obligation for the completion of such repair
<br /> or restoration.
<br /> Lender or its agent may make reasonable entries upon and inspections of the Properiy. If it has reasonable cause,
<br /> Lender may inspect the interior of the improvements on the Property. Lender shall give Borrower notice at the time
<br /> of ar prior to such an interior inspection specifying such reasonable cause.
<br /> 8. Borrower's Loan Aipplication. Bonower shall be in default if, during the Loan application process,
<br /> Borrower or any persons or enriries acting at the direction of Bonower or with Borrower's Irnowledge or consent gave
<br /> materially false, misleading, or inaccurate informarion or statements to Lender (or failed to provide Lender with
<br /> material information) in connection with the Loan. Material representations include, but are not limited to,
<br /> representations concerning Borrower's occupancy of the Property as Borrower's principal residence.
<br /> 9. Proteetion of Lender's Interest in the Property and Rights Under this Security Instrument. If(a)
<br /> Borrower fails to perform the covenants and agreements contained in this Security Instruruent, (b)there is a legal
<br /> proceeding that might significantly affect Lender's interest in the Property and/or rights under this Security Instrument
<br /> (such as a proceeding in banla-uptcy, probate, for condemnation or forfeiture, far enforcement 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 may do and pay for whatever is reasonable or appropriate to protect Lender's interest in the
<br /> Properry and rights under this Security Instrument, including protecting and/or assessing the value of the Property,
<br /> and securing and/or repairing the Property. Lender's actions can include,hut are not litnited to: (a)paying any sums
<br /> secured by a lien which has priority over this Security Instrument; (b)appearing in court; and(c)paying reasonable
<br /> attorneys' fees to protect its interest in the Property and/or rights under this Security Instrument, including its secured
<br /> position in a bankruptcy proceeding. Securing the Property includes, but is not limited to, entering the Property 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 Lender 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 /> Lender incurs no liability for not taking any or all actians authorized under this Section 9.
<br /> Any amounts disbursed by Lender under this Secrion 9 shall become additional debt of Borrower secured by this
<br /> Security Instrument. These amounts shall bear interest at the Note rate from the date of disbursement and shall be
<br /> payable, with such interest, upon notice from Lender to Borrower requesting gayxnent.
<br /> If this Security Instrument is on a leasehold, Borrower 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 Lender, alter or amend the ground lease. If Bonower
<br /> acquires fee tifle to the Property, the leasehold and the fee title shall not merge unless Lender agrees to the merger
<br /> in writing.
<br /> NEBRASKA-Singie Family-UNIFORM INSTRUMENT DocMagfeH�i�
<br /> MODIFIED FOR DEPARTMENT OF VEfERANS AFFAIRS-MERS svww.dacmagit,com
<br /> (Rev. 1/01) Page 7 of 14
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