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�012092��
<br />aznouats shall bear interest at the Note rate from the date of disbursement and shall be payable, with such iaterest,
<br />upon notice from Lender to Borrower requesting payment.
<br />All insurance policies requared by �.ender and renewals of such palicies shall be subject to I,ender's rlght to
<br />disapprove such policies, shall include a standard mortgage clause, and shall name Lender as mortgages and/or as an
<br />additional loss payce. Lender shall havc 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 1'roperty, such
<br />policy shall incIude a staadard martgage clause and shall name Lender as mortgagee and/or as an additional loss
<br />payee.
<br />In the event oP loss, Borrower shall give prompt notice to the insurance carrier and I.ender. Lender may ma�e
<br />proaf of loss if not made promptly by Borrower. Unless Lender and Bonower otherwise agree in writing, any
<br />insurance pzoceeds, whether or not the underlying insurance was reguirad by Lsnder, shall be applied to restoration
<br />or repair of the Property, if the restorataon or repair is econc�mically feasible aad Lender's security is not lessened.
<br />During such repair and restoration perIod, Le�ader sha11 have the right to hold such insurance proceeds until Lender
<br />has had an opportuniry to inspECt sach Property to ensure We work has been completed to Lender's satisfaction,
<br />pravida3 that such inspection shall be undertaken promptly. I.ender 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 agrcement
<br />is made in writing or Applicable Law requires interest to be paid on such insuxance procesds, Lender shall not be
<br />required to pay Borrower any ivaterest or earnings on such pr�e�ds: F�s for public adjusters, or other third partie�s,
<br />retained by Bonower shall not be paid out of tbe insurance groceeds and shall be the sole obligation of Borrower.
<br />If the restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proc�eds
<br />shall be a�splied to the sutns 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 Borrower abandons the Property, 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 carrier has
<br />offered to settle a claim, then L.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 unrler Section 22 or otherwise, Borrower hereby
<br />assigns to Lender {a) Bonower's rights to any ittsurance proceeds in an amount not to exceed the amounts unpaid
<br />under the Note or this Secuxity Inshvment, and (b) any other of Borrower's rights (other than the right to any refund
<br />of unearned premiums paid by Borrower) under all insurance policies covering the Properry, insofar as such rights
<br />are applicable to the coverage of the Property. Lender may use the insurancs proceeds either w repair or restore the
<br />Froperty or to pay amounts unpaid under the Nate or this Security Instrument, whether or not then due.
<br />6. Occupancy. Bormwer shall eccupy, establish, and use the F'roperty as Bonower's principal residence
<br />within 60 days after the execution of this Securlty Instrument and shall continue to occupy the Propezty as 13orrower's
<br />principal residence for at least one year after the date of occupancy, unless Lender otherwi�se agrees in writing, which
<br />consent shall not be unreasonably withheld, or unless extenuating aircumstances exist which aze beyond Bonower's
<br />control.
<br />7. Pr�ervation, Maintenaace and Protec:tion of the Property; Inspe�tions. Borrower shall mot d�troy,
<br />damage or impair the Property, allow the Property to deteriorate or cammit waste on the p'toperty. Whether or not
<br />Borrower is residing in the Property, Borrovwer shall maintain the Property in arder to prevent the Property from
<br />deteriorating or decreasing in value due to its condition. Unless it is detenmined pursuant to Section 5 that repair or
<br />restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid fiu�tYher
<br />deterioration or damage. Ff insurance or eondemnation proceeds are paid im cannectian with damage to, ar the taking
<br />of, the Property, Bormwer shall be responsible for repa�ring or restoxing the Pro�rty only if Lender has released
<br />praceeds for such purposea. I,enrler may disburse prace�s for the repairs and restoration in a simgle payment or in
<br />a series of progress payments as the work is completed. If the insurance or condemnation procceds are not sufficient
<br />to repair or restore the Property, Borrower is not relieved of Borrower's obligation for the completion of such repair
<br />or r�toration.
<br />NEBRASKA--Single Family--Fennie Mae/Freddie Mac UNIFORM INSTRUMENT Q�
<br />Form 3028 1(01 Page 6 of 74 wW �,.d��� . �
<br />t�.a�c.,�
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