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<br /> of co�erage. Ther�fore, suGh co�erage sha�l co�er Lender, but might or might not prote�t Bvrrower, Borrvwer's
<br /> equity in the Property, or the cantents of the Property, against any risk, hazard ar liahil�ty and might pro�ide greater
<br /> or lesser co��rage than was pre�iousiy in effect. Borrovver acknowledges that the cost of the insurance c��erage so
<br /> obtained might significantly exGeed the cost of insurance that Borrower cauld ha�e obtained. Any amounts dishursed
<br /> by Lender under this 5ection 5 shall become additional debt of Borrower secured by this Security Instrument. These
<br /> amounts shall bear interest at the Nate rate from the date vf disbursement and shall be payable, with such interest,
<br /> upon notice from Lender ta Borrower requesting payment.
<br /> Al� insurance policies requu-ed by Lender and renewals of such policies shall be sub�ect to Lend�r's right tv
<br /> disappro�e such policies, shall include a standard martgage clause, and sha11 name Lender as mor#gagee andJor as
<br /> additianal loss payee. Lender sha11 have the right to hold the policies and renewal certificates. If Lender requires,
<br /> Borrower sha�t promptly gi�e to Lender al�receipts of paid premiums and renewal not�ces. If Borrower abtains any
<br /> form flf insuran�e co�erage, not vtherwise required by Lender, for damag�to, vr destruction vf, the Property, such
<br /> �olicy shall include a standard mortgag� clause and shall name Lender as mor#gagee andlor as an additional lass
<br /> payee.
<br /> In the e�ent of loss, Barrower shall gi�e prompt notice to the insurance carrier and Lender. Lender may make
<br /> proaf of lvss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any
<br /> insurance proc�eds, whether ar not the underlying insurance was requ�red by Lend�r, sha11 be applied to restoration
<br /> or repair of the Pro�erty, if the restora�ion�r repair is economica�ly feasible and Lender's security is not lessened.
<br /> During such repair and restvration peri�d, Lender shall ha�e the right ta hold such insurance proce�ds u.nti� Lender
<br /> has had an opportunity ta inspect such Property to ensure the vvork has been completed to Lender's sa�isfaction,
<br /> pro�ided that such inspection shall be undertaken promptly. Lender may disburs� proceeds fvr the repairs and
<br /> restoration in a singl�payment or in a series of progress paymen�s as the wvrk is completed. Unless an agreement is
<br /> made in writing or A�pli�able Law requires interest to be paid on such insurance proceeds, Lender shall not be
<br /> required�o pay Borrow�r any interest or earnings on such prviceeds. Fees for public adjusters, or other third parties,
<br /> retau�.ed by Bvrrawer shall not be paid out af the insurance prnceeds and shall�e the sv�e ob�igation af Borrower. If
<br /> the restarativn or r�pair is not economically feasible or Lender's security would he lessened, the insurance proceeds
<br /> shall be applied ta the sums secured by this Security�nstrument, whether or not then due,with the ex�ess, if any, paid
<br /> to B�rrower. Such insurance proceeds shall he appl�ed in the vrder prv�ided for in�ectian 2.
<br /> If Borrower abandons the Praperty, Lender may file, negotiate and sett�e any a�ailahle insurance claim and
<br /> re�a�ed matters. If Barrower does not respond within 3U days to a noti�e fram L�nder that the insuran�e carrier has
<br /> offered to sett�e a claim,then Lender may negatiate and settle the claim. The 3U-day period will begin when the notice
<br /> is gi�en, In either e�ent, vr if Lender acquires the Property under Section�2 or otherw�se, Borrower hereby assigns
<br /> to Lender�a}Borrower's rights tv any insurance proceeds in an amount not to exceed the amounts unpaid under#he
<br /> Note or this 5ecurity Instrumen�, and �b} any other of Borrower's rights (other than the r�ght to any refund of
<br /> unearned premiums paid by Borrower}under all insurance policies�o�ering the Property, insofar as such rights ar�
<br /> appl�ca�le ta the co�erage of the Praperty. Lender may use the insurance proceeds either to repair or restore the
<br /> Praperty or�o pay amounts unpaid under the Note or this Security Instrument, whether ar nof then due.
<br /> 6. ��cupan�y.Borrower shall occupy,estab�ish, and us�the Property as Borrower's principa�residence within
<br /> 5U days after �he executian of this Security Instrument and shall continue ta occupy the Property as Borrower's
<br /> principal residence fvr at least ane year after the date of o�cupancy, unless Lender determines that th�s requirem�nt
<br /> shall cause undue hardship for the B�rrower ar unless ext�nuating circumstances exist which are beyand Borrnwer's
<br /> contro 1.
<br /> 7. Prese�-►�atinn, Maintenance �nd Protecti�a of the Property; Inspectians. Borrower shall not destroy,
<br /> damage or impair the Property, allow the Property to deteriorate or commit waste on the Praperty. Barrower shal�
<br /> maintain the Property in order tv pre�ent the Property from deteriorating or decreasing in�a�ue due to its condition.
<br /> Unless it�s determined pursuant to Sectian 5 that repair flr restoration is not economically feasible, Borrower shall
<br /> pramp�ly repair the Property if damaged to a�aid further deterioration or damage. If insurance or condemna�ion
<br /> praceeds are paid in connection with damage to the Property, Barrower shall be responsibie far repairing or restoring
<br /> the Property only if Lender has released praceeds for such purposes. Lender may dis�urse proceeds f�r the repau-s
<br /> NEBRASKA FHA DFFD �F TRUST- MERS Da�Ma�ic
<br /> NEDC]TL2.FHA 091141�5 Page fi of �3 www.dvcmagi�.coem
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