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<br /> responsible for the payment of any fees imposed by the Federal Emergency Management Agency in connection with
<br /> the review of any flood zone determination resulting from an objection by Borrower.
<br /> If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage.
<br /> at Lender's option and Borrower's expense. Lender is under no obligation to purchase any particular type or amount
<br /> of coverage. Therefore, such coverage shall cover Lender, but might or might not protect Borrower, Borrower'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 in effect. Borrower acknowledges that the cost of the insurance coverage so
<br /> obtained might significantly exceed the cost of insurance that Borrower could have obtained. Any amounts
<br /> disbursed by Lender under this Section 5 shall become additional debt of Borrower secured by this Security
<br /> Instrument. These amounts shall bear interest at the Note rate from the date of disbursement and shall be payable,
<br /> with such interest,upon notice from Lender to Borrower requesting payment.
<br /> All insurance policies required by Lender and renewals of such policies shall be subject to Lender's right to
<br /> disapprove such policies,shall include a standard mortgage clause,and shall name Lender as mortgagee and/or as an
<br /> additional loss payee. Lender shall have 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 Property, such
<br /> policy shall include a standard mortgage clause and shall name Lender as mortgagee and/or as an additional loss
<br /> payee.
<br /> In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may
<br /> make proof of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing,any
<br /> insurance proceeds,whether or not the underlying insurance was required by Lender, shall be applied to restoration
<br /> or repair of the Property, if the restoration or repair is economically feasible and Lender's security is not lessened.
<br /> During such repair and restoration period, Lender shall have the right to hold such insurance proceeds until Lender
<br /> has had an opportunity to inspect such Property to ensure the 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 /> restoration in 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 paid on such insurance proceeds, Lender shall not be
<br /> required to pay Borrower any interest or earnings on such proceeds. Fees for public adjusters,or other third parties,
<br /> retained by Borrower shall not be paid out of the insurance proceeds and shall be the sole obligation of Borrower. If
<br /> the restoration or repair is not economically feasible or Lender's security would be lessened,the insurance proceeds
<br /> shall be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any,
<br /> paid 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 Lender 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 under Section 22 or otherwise, Borrower hereby
<br /> assigns to Lender(a)Borrower's rights to any insurance proceeds in an amount not to exceed the amounts 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 /> of unearned premiums paid by Borrower) under all insurance policies covering the Property, insofar as such rights
<br /> are applicable to the coverage of the Property. 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 Instrument,whether or not then due.
<br /> 6. Occupancy. Borrower shalt occupy,establish, and use the Property as Borrower's principal residence
<br /> within 60 days after the execution of this Security Instrument and shall continue to occupy the Property as
<br /> Borrower's principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in
<br /> writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are
<br /> beyond Borrower's control.
<br /> 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not
<br /> destroy,damage or impair the Property.allow the Property to deteriorate or commit waste on the Property. Whether
<br /> or not Borrower is residing in the Property, Borrower shall maintain the Property in order to prevent the Property
<br /> Nebraska Deed of Trust—Single Family—Fannie Mae/Freddie Mac Uniform Instrument Form 3028 1/01
<br /> NIERS Modified
<br /> The Compliance Source.Inc. Page 6 of 14 Modified by Compliance Source 14301NE 08/00 Rev.04/08
<br /> www.compliancesource.com D2000,The Compliance Source,Inc.
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