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�0120�875
<br />� of insurance coverage, not otherwise required by Lender, for damage to, or destruction of, the Property, such policy shall
<br />include a standard mortgage clause and sha11 name Lender as mortgagee and/or as an additional loss payee.
<br />In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof
<br />of loss if not made promptly by Bonower. Unless Lender and Borrower otherwise agree in writing, any insurance
<br />proceeds, whether or not the underlying insurance was required by Lender, sha11 be applied to r�storation or repair of the
<br />Properiy, if the restoration or repair is economically feasible and Lender's security is not lessened. During such repair and
<br />restoration period, Lender shall have the right to hold such insurance proceeds until Lender has had an opportunity to
<br />inspect such Properly to ensure the work has been completed to Lender's satisfaction, provided that such inspection shall
<br />be undertaken promptly. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of
<br />progress payments as the work is completed. Unless an agreement is made in writing orApplicable Law requires interest
<br />to be paid on such insurance proceeds, Lender sha11 not be required to pay Borrower any interest or eamings on such
<br />, proceeds. Fees for public adjusters, or other third parties, retained by Borrower shall not be paid out of the insurance
<br />' proceeds and shall be the sole obligation of Borrower. If the restoration or repair is not economically feasible or Lender's
<br />security would be lessened, the insurance proceeds shall be applied to the sums secured by this Security Instrument,
<br />whether or not then due, with the excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the order
<br />provided for in Section 2.
<br />If Borrower abandons the Property, Lender may file, negotiate and settle any available insurance claim and related
<br />matters. If Borrower does not respond within 30 days to a notice from Lender that the insurance carrier has offered to
<br />�, settle a claim, then Lender may negotiate a.nd settle the claim. The 30-day period will begin when the notice is given. In
<br />either event, or if Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to Lender
<br />; (a) Borrower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid under the Note or this
<br />� Security Instrument, and (b) any other of Borrower's rights (other than the right to any refund of uneamed premiums paid
<br />by Borrower) under all insurance policies covering the Properly, insofar as such rights are applicable to the coverage of
<br />the Properly. Lender may use the insurance proceeds either to repair or restore the Property or to pay amounts unpaid
<br />under the Note or this Security Instrument, whether or not then due.
<br />6. Occupancy. Borrower sha11 occupy, establish, and use the Property as Borrower's principal residence within 60
<br />days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower's principal
<br />residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent sha11
<br />not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower's control.
<br />7. Preservation, Maintenance and Protection of the Property; Inspections. Bonower shall not destroy, damage
<br />or impair the Property, allow the Property to deteriorate or commit waste on the Property. Whether or not Borrower is
<br />residing in the Property, Borrower shall maintain the Properiy in�order to prevent the Property from deteriorating or
<br />decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that repair or restoration is not
<br />economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration or damage.
<br />If insurance or condemnation proceeds are paid in connection with damage to, or the taking of, the Properly, Borrower
<br />shall be responsible for repairing or restoring the Property only if Lender has released proceeds for such pwposes. Lender
<br />may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work
<br />is completed. If the insurance or condemnation proceeds are not sufficient to repair or restore the Property, Borrower is
<br />' not relieved of Borrower's obligation for the completion of such repair 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 Properiy. Lender sha11 give Borrower notice at the time of or
<br />' 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, Borrower or
<br />any persons or entities acting at the direction of Borrower or with Borrower's Irnowledge or consent gave materially
<br />false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material
<br />information) in connection with the Loan. Material representa.tions include, but are not limited to, representalions
<br />concerning Borrower's occupancy of the Property as Borrower's principal residence.
<br />NEBRASKA Single Famlly-Fannte Mae/Freddle Mac UNIFORM INSTRUMENT wffh MERSForm 3028 1l01 � �_
<br />Pege 8 of 13 i 1 C�
<br />i�, inG Borrower(s) Inidals ��
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