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200611427
<br />201407692
<br />In the event of loss, Borrower shall give prompt notice to the insurance terrier and Lender. Lender may make proof of
<br />loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any insurance proceeds,
<br />whether or nut the underlying insurance way required by Lender, rhul] be upplled to restoration or repair of the Property, if
<br />the maturation re repair is economically feasible and renders security is not lessened, During such repair and restoration
<br />period, Lender shall have the right to hold such insurance proceeds until Lender has had an opportunity to inspect such
<br />Property to ensure the work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken
<br />promptly. Leader may disburse proceeds for the repairs and reetCiratk n in a single payment or in a series of progress
<br />payments as the. work is completed. Unless an agreement is made in writing or Applicable Law rrgtiires interest to be paid on
<br />such insurantx proceeds, Lender shall not be required to pray Borrower any iuteresC or earnings on such proceeds. Fees for
<br />public adjusters, or other third parties, retained by :Borrower shall not be paid out of the insunance proceeds and :.;hall be the
<br />sole obligation of Borrower. If the restoration or repair is not economically feasible or Lenders security would be lessened,
<br />the insurance proceeds shall be applied to the sums secured by this Security Instrumment, whether or not then due, with the
<br />excess, if any paid to Borrower. Such insurance pmceeds shall' he applied in the order provided for in Section 2.
<br />Tf Tinerowet ebanrinne the Property, Tender may file, negrotinte 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 tats offered to settle a
<br />claim, then Lender may negotiate and souk the claim. The 30 day period will begin when the notice is given. In either event.
<br />or if [ender ne•.quires the Property tinder Scotian 72 or otherwitr;, Borrower hereby assigns to ]'.ender (a) Borrower' rights to
<br />any insurance proceeds in an amount not to exceed the amounts unpaid under the Not or this Security Instrument, and
<br />(b) any other of Borrower's rights (other than the right to any refund of unearned premium's paid by Borrower) under ull
<br />insuraanee policies covering the Property, insofar as such rights are applicable to the coverage of the Property. Lender may use
<br />the insur proceeds either to repair or restore the Property or to pay amounts unpaid tinder the Note or this Security
<br />Instrument, whether or not then dun.
<br />6. Occupancy_ . Borrower shalt occupy, establish, and use the Property as Eiormwcr'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 shall not
<br />be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower's control.
<br />7. Preservation, b ;ttintenztnce and Protection or the Property; Incpectione, Borrower Mott not de :errs, damn':
<br />Or impair the Property, allow the Pmperry to deteriorate or commit waste on the: Property. Whether or not Borrower is
<br />residing In the Property, Borrower shall maintain nco Property in order to prevent the Property from deteriorating or
<br />decrensing in v ue. due 10 its condition Unless it is determined purnu/Int to Section i thnt repair or restoration is not
<br />economically feasible, }3orrowcr shall promptly repair the Property if damaged to avoid further deterioration or damage. if
<br />insurance or cundetnnatiun prut:eetis are paid in connection with damuge to, or the taking of, the Prop :Tv, Borrower Shull he
<br />responsible for repairing or restoring the Property only if L,cndier has released proceeds for such purposes. Lender may
<br />disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the wort: is
<br />completed. if the insurance or condemnation proceeds are not sufficient to repair or restore the Property, Borrower is not
<br />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, Lender
<br />ma.y inspect the interior of the improvements on the Property, Lender shall give 13orrowur notice at the time of or prior to
<br />such an interior inspection specifying such reasonable cause.
<br />8. Borr'ower's Loan Application. Borrower shall hr, in default if, during the roan application prnce ti, Rorrnwcr or
<br />any persons er entities actin,; at the direction of Borrower or with Borrower's knowledge or consent Rave materially false,
<br />misleading. or inavvurate lea etrile /atter ur suttetttents to tender (ur failed to provide Lender with material information) in
<br />connection with the Loan. Material representations include, but are not limited to. repmoentations concerning Borrower's
<br />occupancy of the Property as Borrower's principal residence.
<br />9. Pruttxtioza of Lender's Inttrvst itt the Property and Rights Under Ibis Scctaa Ira.Struratceai. If (a) Borrower
<br />fails to perform the covenants and agreement:; contained in this Security Instrument, (b) there is a legal proceeding that might
<br />significantly affect Lender's interest in the Property and/or rights under this Security Instrument (such as a proceeding in
<br />bankruptcy, probate, for condemnation or 1'orthitnrn, for enforcement of a lien which may attain priority over this Security
<br />Instrument or to cnfory s laws Or regulations), or (c) Borrower has abandoned the Property, then Lender may do and pay for
<br />whatever is reasonable or appropriate to protect Lender's interest in the Property and rights under this Security Instrument:,
<br />including protecting and/or assessing the value of the Property, and securing and /or repairing the Property. Lender's actions
<br />can include, but arc nol. limited to: (a) paying any sums secured by a lien which has priority over this Security instrument;
<br />(b) appearing in court; and (c) paying reasonable attorneys' fees to protect it4 interest in the Property and/or rights under this
<br />ide
<br />NEBRASKA —544e I "amily— Tannic MnaI MPS UNIFORM INSTRUUMLN'I
<br />('ono 30V3 l/tll
<br />ITEM 254 aL1b(0011) --HERS (j o 12 e nFnATLAMO
<br />(Pap f pages) T .1.800.5.30•9393DfextIr- 751.1131
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