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<br /> not be exercised unreasonably. Lender may require Borrower to pay, in connection with this Loan, ei#her: (a}a one-
<br /> tune charge for flaod zone determina�inn, certif cation and�racking ser�ices;or�b�a one-time charge far flood zQne
<br /> determinatian and�ertification ser�ices and subsequent charges each tune remappings or similar�hanges accur vWh��h
<br /> reasonably might affect such determinat�on or �ertification. Barrower sha11 also be responsible for the payment of
<br /> any fees�mpased by�he Federal Emergency Management Agency in connection with the re�iew af any fload zone
<br /> determination resulting from an ob,�ection by Borrower.
<br /> If Borrower fai�s to maintain any of the coverages described ab��e, Lender may ob�ain insurance c��erage, at
<br /> Lender's vptinn and Bvrrower's expense. Lender is under no ob�igation ta pur�hase any particular type or amount
<br /> of co�erage. Theref�re, such caverage sha�� c��er Lend�r, but might or might nat protect Borrower, Borrower's
<br /> equity in the Property, or�he conten�s of�he Prop�rty, against any risk, hazard or��ability and might pr��ide greater
<br /> or lesser c��erage than was prev�aus�y in effect. Borrower acknowledges that the cost�f the insurance co�erage s�
<br /> obtained might significantly exceed the cost of insurance that Borrower cauld ha�e obtained. Any amaunts disbursed
<br /> by Lender under this Sect�an 5 shall become additional deb�of Borrower secured by this Security Instrument. These
<br /> amounts shal� bear interest at the Note rate from the date af disbursement and sha11 be payable, with such intierest,
<br /> upvn notice£rom Lender to Borrower request�ng payment,
<br /> All insurance policies required by Lender and renewals of such poli�ies sha�l be subject to Lender's right ta
<br /> disappro�e such policies, shal�include a standard mortgage clause, and shal�name Lender as mortgagee andlvr as an
<br /> additional loss payee. Lender sha11 ha�e the right to hald the policies and renewal certificates. �f Lender requires,
<br /> Borrower sha�l prompt�y gi�e to Lender all receip�s of paid premiums and r�newal notices. If Borrower obtains any
<br /> farm of irisurance co�era�e, no�atherwise required by Lender, for dama��t�, or destructi�n of, the Property, such
<br /> policy sha11 inc�ude a standard martgage clause and sha11 name Lender as mortgagee andlar as an add�tiona� Ioss
<br /> payee.
<br /> In the e�ent of�oss, Borrower shall give prompt nQtice�o�he insurance carrier and Lender. Lender may make
<br /> praof of loss if not made prompt�y �y Barrower. Unless Lender and BorrovWer otherwise agree in writing, any
<br /> inswrance proceed�, whether or no�the under�ying i.nsurance vWas required by Lender, shali be applied ta restaratian
<br /> ar repair of the Property, if the restoration or repair is economically feasible and Lender's security �s not lessened.
<br /> During such repair and restoration period, Lender sha11 ha�e the right to hold such insurance proceeds until Lender
<br /> has had an opportunity to inspect such Property tv ensure th� vWark has been comp�eted to Lender's satisfaction,
<br /> prv�ided �h.at such �nspection sha�l be underta.ken pr�mpt�y. Lender may disburse proceeds far the repairs and
<br /> restaration in a single payment or in a series of pr�gress payments as the work is comp�e�ed. Un.�ess an agreem�n�
<br /> �s made in writ�.ng or Appiicable Law requires interest ta be paid on such insurance proceeds, Lender shall not be
<br /> requ�red to pay Barrower any interest ar earnings�n such proceeds. Fees fvr public adjusters, or o�her third part�es,
<br /> retained by Borrower sha�1 nvt be paid out of the �nsurance proceeds and shall be the sole abligatian of Borrower.
<br /> If th�restoration ar repau is not economica�ly feasible or Lender's security would be lessened,the ulsurance proceeds
<br /> shall he applied�v the sums secured by this Security Instrument, whether or nat then due, with the excess, if any,paid
<br /> �a Borravver. Such insurance proceeds sha��be applied�n the arder pro�ided for�n Section�.
<br /> If Borrower abandons the Property, Lender may fi1e, nego�iate and settle any ava�lable �nsuranGe claim and
<br /> related matters, If Borrower does not respand within 3�days ta a notice from Lender�hat�he insurance carr�er has
<br /> offered t� sett�e a ciaim, then Lender may negotiate and s���le the claim. The 3�-day period wiil begin when the
<br /> notice is gi�en. In either event, ar if Lend�r acquires the Property under 5ection 22 or otherwise, Borrvwer hereby
<br /> assigns ta Lender (a}Borrawer`s r�ghts�o any insurance praceeds in an amaunt no�to exce�d the amnunts unpaid
<br /> under the No�e or�his Security Instrument, and�b�any other of Barrower's rights�o�her than the right�v any refund
<br /> of unearned premiums paid by Barrower}under all insurance policies c��ering the Property, insafar as such rights
<br /> are applicable to�he co�erage of the Property. Lender may use the insurance proceeds either to repair or restore the
<br /> Property or to pay amounts unpaid under the Nate or this Security�nstrument, whether or not then due.
<br /> 5. �ccupancy. Borrower sha11 occupy, establish, and use the Praperty as BorrovWer's principal residence
<br /> w�t�uri 6�da.ys a�er the execut�fln nf this Security Ins�rumen�and sha11�antinue t�occupy the Property as Borrower's
<br /> principal res�dence for at least one year after the date of occupancy, unless Lender otherwise agrees in writ�ng, which
<br /> NEBRASKA Single Family--Fannie MaelFr�eddie Mac UNIF�RM INSTRLlMENT- MERS po�yy���
<br /> Form 3��8 1101 Page fi vf 15 www.docmagic.com
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