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<br /> Borrower shall satisfy the lien or take one or more of the acrions sek forth above in this Section 4.
<br /> Lender may xequire Bonower to pay a one-time chazge for a real estate taat verificarion and/or reporting service
<br /> used by Lender in conneciion wirh tlsis Loan.
<br /> 5. Property Insurance. Bonower sball keep the improvements now existing oz hereafter erected on the
<br /> Properry insured against loss by fire,hazazds included within the texm "exteuded coverage;' and any other hazards
<br /> including,6ut not limited to,earthqvakes and floods,for which Lender requires insurance. 'Fhis insurance shalI be
<br /> maintained in the amounts (including deducuble levels} and £or the periods that Lender requires. What Lender
<br /> requires pursuant to the preceding sentences can change durmg fhe Yerm of the Loan. The iasurance cazrier
<br /> providing the insurance shall be chosen by Borrower subject to Lender's right to disapprove Boirower's choice,
<br /> wluch right shall not be exercised imreasonahly. Lender may require Borrower to pay,in connection with this Loan,
<br /> either: (a)a one-time chazge for flood zone determination, certificaEion aud tracking services; or(b)a one-time
<br /> chazge for flood aone determinatiou and certification services and subseqnent charges each time remappings ox
<br /> similar changes occur which reasonably might affect such determination or certificarion. Borrower shail also be
<br /> responsible foz the payment of any fees imposed by the Federal Emergency Management Agency in connection with
<br /> the review of any flood zone determinarion resulting from an objection by Borrower.
<br /> If Bonower fails to mamtain any of the coverages described above,Lender may obtain iasurance coverage, at
<br /> Lender's ogtion and Borrower's eacpense. Lender is under no obligarion to purchase any particulaz type or amount
<br /> ofcoverage. Therefore, such coverage shall cover Lender, butmight armight not protect Borrower, Bosower's
<br /> equity in the Property, or the contents of the Property, against any risk,hazard or liability and might provide greater
<br /> or lesser coverage than was previously ux effect Borrower aclmowledges that the cost of the insurance coverage so
<br /> obtained might significantly exceed the cost of insurance that Bouower could have obtained. Any amounu
<br /> disbursed by L,ender under this Section 5 sha11 become additional deht of Borrower secured by this Secu�iry
<br /> Instcument. These aanounts shall beaz interest at the Note rate 5rom the date of disbarsement and shall be payable,
<br /> with such interest,upon noiice from Lender to Borrower requesring payment.
<br /> All insurance policies requited by Lender and renewals of such policies shall be subject to Lender's right to
<br /> disapprove such policies,shall include a standazd mortgage clacue,and shall name Lender as mortgagee and/or as an
<br /> addihonal loss payee. Lender shall have the rig�t 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 insutance coverage,not otherwise required by Lender,for damage w, or deshucrioa 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,Bonrower shall give prompt notice to the instuance camer and Lender. Lende[may make
<br /> proof o€loss if not made pzomptly by Borrower. Unless Lendez and Borrower otherwise agree in writing, any
<br /> insurance proceeds,whether or not the imderlying inswance was reqnired by Lender,shall be applied to restocarion
<br /> or repair of the Property, if the restorarion or repair is economically feasible and Lender's security is not lessened.
<br /> During such repair and restoration period,Lender shall have the right ta hold such insurance proceeds until Lender
<br /> has bad an opportunity to inspect such Property to ensure tlie work has been completed to Lender's satisfaction,
<br /> provided that such inspection shall be undertaken promptly. Lender may disburse proceeds for the repairs and
<br /> restorarion m a single payment or in a series of progress payments as the work is completed. Unless an agreement is
<br /> made in writing or Applicable Law requires interest to be gaid on such insurance proceeds, Lender shall not be
<br /> reqaued to pay Borrower any interest or eamiags on such proceeds. Fees for public adjusters,or other tfiird parties,
<br /> retained by Borrower shall not be paid out of ifie insm-ance prnceeds and shall be the sole obligarion of Borrower. If
<br /> the restoration or repair.is not economically feasble or Lender's secvrity would be lessened,the insurance proceeds
<br /> shall be applied to the sums secured by this Security Instnunent,whether or not then due,cvith the excess, if any,
<br /> paid ro Borrower. Sueh insurance proceeds shall be applied in the order provided for in Section 2.
<br /> If Borrower abandons the Praper[y, Lender may frIe,negotiate and settle any available insurance claim and
<br /> related matters. If Borrower does not respond within 30 days to a norice from Lender that the insurance caaier has
<br /> offered to settle a claim,then Lender may negotiate and settle the claim. The 30-day period will begin when the
<br /> nodce is given. In either event,or if Lender acquires the Proparty�mder Section 22 or otherwise,Borrower hereby
<br /> assigns to Lender (a}Borrowez's rights to any insurance pxoceeds in an amount not to exceed the amoimts unpaid
<br /> under the Note or this Security Instrument,and(b)any other of Borrower's rights(other than the right to any refund
<br /> o£imeamed premiums paid by Borrower)under all insnrance policies covering the Property, insafaz as such rights
<br /> aze 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 Tnsuwnent,whether or not then due.
<br /> 6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence
<br /> within 60 days after the execution of this Security Insirument and s�ha,,ll�cpontinue to occupy ihe Property as
<br /> Initials:-�-!�— �
<br /> 1VEBRASFCA—Single Family—Faanie IKaelfr'reddie Mac UNII�'ORM INSTRUA�NA' Form 3028 1/Ol (page S of73 pages)
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