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201207723 not be exercised unreasonably. Lender may requirc Borrowe��to pay, in wnnectiun wilh lhis Loan, either. (a)a one- time chargc for flood zone determi�atioq certilicatio�and hacking services;or(b)a uno-time charge for Oood zone determina[ion and certification services and subscqucnt charges each time rcmappings or similar changes occur which reasonably n�ight affect such determination or certificalion. Bo�rowcr shall also be responsible for the payment of any fees imposed by [he Federal Emergency Management Agcncy in conneclion with thz review of any flood zone determination resulting from an o6jection hy Borrower. If Borrower fails to maintain any of the coverages described above, Lender may obtain insurancc covcragc, al Lender's option and Borrower's cxpcnse. LenAer is under no obligation to purchase any particular type or amounl of coverage. 1'herefore, such coverage shall cover Lender, but might or might not protect Borrower, Rorrower's equity in the Property, or the contents of the Property, againsl any risk, hazard or liability and might provide greater or lesser coverage than was previously ii�effecL Borrower acknowledges Ihat the cost of[he insurance coverage so obtained might significantly exceed the cost of insurance tha[Borrower could have obtained. Any amounts disbursed by Lender under[his Section 5 shall 6ecome additional debt of Borrower secured by this Security InstrumcnL These ttmounts shall bear interest at lhe Nulc ratc fmm the date of disbursement and shall bc payxblq wilh such interes[, upun no[ice from Lender to 13orrower requcsling payment. All insurance policies required by Lender and ronewals of such policics shall bc subject to Lender's right [o disapprovc such policies, shall indude a standard nwrtgage claasc, nnd shall name Lender as mor[gagee and/or as an additional loss payec. Lender shall have the right to hold the policies and renewal certificates. If Lender requires, Borrower shall promptly give lo Lcnder all receipts of paid premiums and renewal notices. If Borrower oblains any form of insurance coverage, not otherwise reyuircd by Lender, for damagc tq or dcstruction of, the Property, such policy shall include a standud mortgage clai�c xnd shall name Lender as murtgngcc and/or as an additional loss payec. In the event of loss, Borrower shall givc proinpt notice to the insurance carrier and Lcndcr. Lender may make prooC of loss if not made promptly by 6orrower. Unless Lcnder �nd Borrowcr olherwise agree in writing, any insu�auce procceds, whether or not the undedying insurnncc was rcyuirod by Lender, shall be�applied ro restoration or repair of[he Property, if the resWration or repair is economically feasible a��d Lender's security is not lessened. During such repair and restoration period, Lender sl�all have the right to hold such insurance proceeds until Lcnder has had an opportunity to inspce:t such Property to ensure the work has been completed to Lender's sntisfaction, provided that such inspection shall be undertaken promptly. Lender may disbm�se procec;ds for lhc repairs at�d restorntion in a single paymenl or in a serics of progress payments as the work is complcicd. Unless an agreement is made in writing or Applicable Law requires interesl tu bc paid on such insurance proceeds, Lender shall not be required lo pay Borrower any interest or eunings on such procecds. Pees for public ad,justers, or olher third parties, retained by k3orrowe,r shall not be paid out of the insurance proceeds and shall be the sole obligation of Borrower. If thc restoration or repair is not economically fcasible ur Lender's security would be Icssened,the insurance proceeds shall 6e applied to[he sums secured by Lhis Scuurity Instrument, whether or nut thcn duq with lkie excess, if any, paid to Borrower. Such insurance proceeds shall bc applied in the order providcd for in Section 2. If Borrower abandons the Property, Lender may file, ncguliale and setile any available insurance claim and related matteis. IC Borrower does not respond withi� 30 days to a notice from Lender that [he insurance carsicr hxs offered to se[tle a claim, thcn Lender may negotiate and settle the claim. The 30-day period will bcgin when lhe notice is given. In either event, or if Lender acquires the Property under Section 22 or otherwisc, Borruwer hereby assigns to LenAer (a) 13orcower's rights to any insurance proceeds in an amount not to cxcccd thc amounts unpaid under the Nole or this Secut'ity Instrumen[, and(b)any olher of F3orrower's rights(other than Ihc righl lo any refimd of uncx�ned premiums paid by 13orrower) undcr xll insurancc policics covcring lhc Pmperly, insofar as such rights aze applicablc to the coverage of the Property. Lender may usc thc insurance proceeds either to repair or res[ore the Properly or lu pay amoimts unpaid under the Note or this Sccurity Instrument, whether or not then due. 6. Oeeupaney. Borrower shall occupy, eslablish, and use lhe Property as Borrower's principal residenec wi[hin 60 days aYler the execution ofthis 5ecu�iry lustrument and shali continue to occupy the Property as Bormwer's principal residence for al luut one year after the date of occupancy, unless Lender otherwise agrecs in wriling, which NFBRASKA—Single Family—Fannie Mae/Freddie Mac UNIFORM INSTRUMEN7-MERS p�ey��iy�-� Fortn 3028 1/01 Page 6 of 15 www.docmagic.com