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2012�35��
<br />1111062347
<br />subsequent charges each time remappings or similar cha.nges occur which reasonably might affect such
<br />determination or certiS�cation. Boirower shall also be responsible for the payment of �y fees imposed by the
<br />Federal Emergency Management Agency in connection with the r�view of any flood zone detenmivation
<br />resulting from an objection by Boaower.
<br />If Borrower fails to maintain any of the coverages descn'bed above, Leader may obtain �n�
<br />coverage, at Lender's option aad Borrower's expense. Lemder is nnder no ol�ligation to purchase any
<br />particulaz 4ype or amount of coverage. Therefare, such coverage shall co�er Lender, but might or might not
<br />protect Borrots�er, Borrower's equity in the Pzoperty, or the sontents of �the �'roperty, against atry risk, hazard
<br />or liability and might provide greater or le'sser covera.ge than was previously in effect. Borrower
<br />acknowledges that the cost of the insw�ance coverage so obtained might significantly exceed the cost of
<br />insurance that Borrower could have obtained Any amounts disbursed by Lender under this Secfivn 5 sha11
<br />become additional debt of Boaower secured by this Security Inst�viment These amotmts shall bear interest at
<br />the Note rate from the date of disbursement and shall be payable, with such in#erest, upon notice from Lender
<br />to Borrower reqaesting Payment
<br />t�ll insurancz policies required by Lender and renewaLs of such policies shall be subject to Lender's
<br />right to disapprove such policies, sha11 iaclude a standaxd mortgage clause, and sha11 name Lender as
<br />mortgagee and/or as an additiomal loss payee. Lender shall have the right to hold the poiicies and renewal
<br />certificates. If Lender reqtlires, Borrower shall promptly gi've to Lender all receipts of paid premiums aud
<br />renewal aotices. If Borrower obtains any form of insurance coverage, not otherwise requ�aed by Lender, for
<br />damage to, or desi�action o� the Property, such policy sha,ll include a staudard mortgage clause and shall
<br />name Lender as moitgagee and/or as an additionalloss payee.
<br />Tn the event of los�, Bonrower sha}1 give prompt notice to the insurance carrier and Lender. Lender
<br />may make proof of loss if not made promptly by Boaower. Unless Lender aad Barrower otherwise agree in
<br />writing, aay insurance proceeds, whether or not the'underlying insurance was required by T.,ender, sha11 be
<br />applied to restoraxion or repair of the Property, if the restoration or repair is economically feasible and
<br />Lenc�er's secmity is not lessened. During su.ch repair and restontion period, Leader shall have the right to
<br />hold such insurance proceeds until Lender has had an opporpmit}r to inspeet such Property to ensure the work
<br />has been completed to Lendar's satisfaction, provided that such inspection shall be undertaken prompfly.
<br />Lender may disburse pmceeds for the repairs and restoration in a single payment or in a series of progress
<br />payments as the work is completed Ugless an agreement is made in writing or AppL�cable Law requires
<br />interest to be paid on such'insivance proceeds, Lender shall not be required to pay Borrower any interest or
<br />earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Borrower shall not be
<br />paid out of the insurance proceeds and shall be the sole obligation of Barrower. If the restoaation or rep�ir is
<br />not economically f�ble or I.ender's security would be lessened, the *���*Ance proceeds s�all be applied to
<br />the sums secured by this Security Xnshvment, whether or not then due, with the excess, if any, paid to
<br />Borrower. Such ins�ce proceeds shall be applied in the order pro�ided for in Section 2.
<br />If Bazrower abandons the Property, Len.der may file, negotiate and settle any available instzra.nce
<br />claim and related matters. If Borrower does not respond within 30 d9ys to a notice from Lender that the
<br />�n��*a�,ce carzier has offered to settle a clai.m, then Lender m�.y negotiate and settle the claim. The 30-day
<br />period will begin when the notice is given. Zn either event, or if Lender acquires the Property under Section
<br />22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights to any insur�mce proceeds in an
<br />amount not to e�.ceed the amounts tmpaid uader the Note or this Securixy Instrumsnt, and (b) any other of
<br />Borrower's rights (other than the right tn any refund of nnearned premiums paid by Borrower) under all
<br />incnrance policies covering the Property, insofar as such rights are applicabYe to the coverage of the Property.
<br />Lender may use the�insurance proeeeds either to repair or restore the Property or to pay amounts nnpaid
<br />uuder the Note or this Security Instrmment, whether or aot then due.
<br />6. Occnpancy. Bozrower shall occupy, esta.blish, and usa the Property as Bonower's principal
<br />residence within 60 days after the execution of this Security Instrument and s�a,ll continue to occu�y the
<br />NEBRASKA—Smgle Fa¢u1y—Faonie MaelFreddie Mac UNIFORM INS°fRUMENT
<br />� 338.8 ' Page 6 of 14 Form 30281/Ol
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