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<br />additionalloss payee. Lender sha11 have the right to hold the policies and renewal certificates. If Lender requires,
<br />Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any
<br />form of insurance coverage, not otherwise required by Lender, for damage to, or destruction of, the Property, such
<br />policy shall include a standazd mortgage clause and shall name Lender as mortgagee and/or as an additional loss
<br />payee.
<br />In the event of loss, Bonower shall give prompt notice to the insurance cazrier and Lender. Lender may make
<br />proof of loss if not made promptly by Bonower. Unless Lender and Borrower otherwise agree in writing, any
<br />insurance procceds, whether or not the underlying insurance was required by Lender, sha11 be applied to restoration
<br />or repair of the Property, if the restoration or repair is economically feasible and Lender's s�urity is not lessened.
<br />During such repair and restoration period, Lender shall have the right to hold such insurance procceds until Lender
<br />has had an opportunity to inspect such Properly to ensure the work has been completed to Lender's satisfaction,
<br />provided that such insp�tion sha11 be undertaken promptly. Lender may disburse proceeds for the repairs and
<br />restoration in a single payment or in a series of progress payments as the work is completed. Unless an agreement
<br />is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shail not be
<br />required to pay Borrower any interest or earnings on such proceeds. Fees for public adjusters, or other third parties,
<br />retained by Bortower sha11 not be paid out of the insurance proceeds and shall be the sole obligation of Bonower.
<br />If the restoration or repair is not economically feasible or Lender`s security would be lessened, the insurance proceeds
<br />sha11 be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid
<br />to Borrower. Such insurance proceeds shall be applied in the order provided for in Section 2.
<br />If Bonower abandons the Properly, Lender may file, negotiate and settle any available insurance claim and
<br />related matters. If Borrower does not respond within 30 days to a notice from Lender that the insurance cazrier has
<br />offered to settle a claim, then I.ender may negotiate and settle the claim. The 30-day period will begin when the
<br />notice is given. In either event, or if Lender acquires the Property under Section 22 or otherwise, Bonower hereby
<br />assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid
<br />under the Note or this Security Instrument, and (b) any other of Bonower's rights (other than the right to any refund
<br />of unearned premiums paid by Bonower) under all insurance policies covering the Property, insofaz as such rights
<br />are applicable to the coverage of the Properiy. Lender may 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 sha11 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 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 ue beyond Bonower's
<br />control.
<br />7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower sha11 not destroy,
<br />damage or impair the Properly, allow the Property to deteriorate or commit waste on the Properly. Whether or not
<br />Bonower is residing in the Property, Bonower sha11 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, Bonower sha11 promptly repair the Property if damagefl to avoid further
<br />deterioration or damage. If insurance or condemnation proceeds are paid in connection with damage to, or the taking
<br />of, the Property, Bonower sha11 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 proc�ds aze not sufficient
<br />to repair or restore the Property, Bonower is not relieved of Bonower'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 Property. If it has reasonable cause,
<br />Lender may inspect the interior of the improvements on the Properly. Lender shall give Borrower notice at the time
<br />of or prior to such an interior inspection specifying such reasonable cause.
<br />8. Borrower's Loan Application. Borrower sha11 be in default if, during the Loan application process,
<br />Bonower or any persons or entities acting at the direction of Bonower or with Borrower's knowledge or consent gave
<br />materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with
<br />material infonnation) 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. Protection of Lender's Interest in the Property and Rights Under tlus S�urity Instrument. If (a)
<br />Borrower fails to perform the covenants and agreements contained in this Security Instrument, (b) there is a legal
<br />proceeding that might significantl3� affect Lender's interest in the Property and/or rights under this Security Instrument
<br />(such as a proceeding in bankruptcy, probate, for condemnation or forfeiture for enforcement of a lien which may
<br />attain priority over this Security Instnunent or to enforce laws or regulations), or (c) Bonower 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 />Property and rights under this Security Instrument, including protecting and/or assessing the value of the Properly,
<br />and securing and/or repairing the Property. Lender's actions can include, but aze not limited 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 Instiument, including its secured
<br />position in a bankruptcy proceeding. Securing the Property includes, but is not limited to, entering the Properly 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 actions authorized under this Section 9.
<br />NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT - MERS
<br />Form 3028 1/01 Page 5 of 11
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