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<br /> of co�erage. Therefnrea su�h coverage shall c�ver Lender, but rnight or might not protect Bnrrower, Bvrrvwer's
<br /> equ��y�n the Praperty, nr the contents�f the Property, against any risk, hazard or liability and m�ght provide greater
<br /> or lesser coverage than was previously in effect. Bnrrntiver�a�knowledges that the cost of the insurance c�verage so
<br /> ob�ained might signifi�ant�y exceed the cvst of insurance that Borrow�r could ha�e vbtained. Any amounts disbursed
<br /> by Lender under this Sectian 5 shall became additional debt af B�rrow�r secur�d�y this Security Instrument. These
<br /> a�naunts s�all bear inte�est a�the 1�Iote rate frorr�th�date�#'disburse�ent and sha�l be payable, wit� such interest,
<br />� upon not�ce frQm Lender to Borrower requesting payment.
<br />� .A11 insuranc� policies required by Lender and renewals nf such pvlicies sha�l be subject to Lender's right t�
<br /> disapprn�� such polici�s, sha1� include a standard mortgage clause, and sha�l nam�Lender as m�rtgagee andlor as
<br /> addi��nna1 loss payee. Lender shall have the right to hald the policies and renewal certificates. If Lender requires,
<br /> Borrower sha11 pr�mptly gi�e to Lender a11 rec�ipts of paid premiums and renewal notices. If Borrower�btains any
<br /> form�f insurance cov�rage, not other�ise required by Lender, far damage t4, or destru.ction�of, th�Property, such
<br /> poiicy sh�.il in�lude a standard mor�gage clause and shall name Lender as mortgagee andlor as an additional �oss
<br /> payee.
<br /> In the�vent of loss, Borrower s�iall give�ror�pt�otice t�the ir�suranc��arri�r arid L�nder. Lender ma�mak�
<br /> praof af l�ss if nat made prompt�y by Borrvwer. Un�ess Lender and Borrower �therwise agree in writing, any
<br /> insurance proc��ds,vvhe�er or not the underlying insurance vva�required by Lender, shall be applied to r�staratian
<br /> or re�air of the Property, if the restvration or repair is �conamically feasible a.nd Lender's secur�ty is not lessened.
<br /> During sueh repair and rest�ration period, Lender sha11 hav�the right��hold such insurance pr�ceeds until Lender
<br /> has had an opportunit� to inspect such Property to ensure�he work has been c�mpieted to L�nder's satisfactian,
<br /> provided that such inspeetion shall be ur�der�aken promptly. Lender may disburse pro�eeds far the repairs and
<br /> res�orati�n in a single payment or in a series of�rogress payments as�he vvark is eompieted. Unless an agreement is
<br /> made in writing or Appli�able Law requires inter�s� to be paid �n such insurance proceeds, Lender shal� not be
<br /> required to pay Borrovver any interest ar�arnings a�such proceed�. Fees for public adjust��s, vr other third parti�s,
<br /> retained by Barrawer shal.l n�t be paid out of th�insuranc�praceeds and sha�i b�the sole obligation of B�arrawer. If
<br /> the rest�rati�n or r�pair is not economica�ly feasible ar Lender's security wau�d be lessened, the insurance prnceeds
<br /> sh�.1�be ap�lied ta the sums secured by this Security Instrument, whether ar not then due,w�th the excess,if�ny,paid
<br /> t�Borr�wer. Such insurance proceeds shall be appl�ed in the order prti�ided for in 5ection�..
<br /> If Borrower abandons the Property, L�nder may file, negotiate and se�tle any available insurance claim and
<br /> related matters. If Borrower dnes not respond within 3 D days t�a notice fr�m Lender that the insurance�arrier has
<br /> vffered to settie a�laim,then Lender rnay negotiate and settle the claim. The 3�-day periad will begin when the notice
<br /> is g�ven. In either event, or�f Lender acquires the Property under Section 22 ar othervvise, ��rrower h�reby assigns
<br /> t�Lender�a}Borrow�r's rights t�any insurance proceeds in an amaunt no�ta��ceed the am�unts ur�paic�under�.�e
<br /> N�te ar this Se�urity I�strum�n�, and �b} any Qther �f Borrower's rights �other than the right to any refund �f
<br /> unearne�i premiums paid by Borr�wer�under a11 insurance policies co�ering the Property, insofar as such rights are
<br /> applicable to #he ca�erage of�he PrQperty. Lend�r may use the insurance proceeds ei�her to repair or rest�re the
<br /> Property vr to pay amoun�s unpaid under the Note or this Security Instrumen�, whether or not then due.
<br /> 6. ���upancy.Borrawer shall occupy,es�tablish,and use the Praperty as B�rrower's principal residence within
<br /> 6U days aft�r the �xecution af this S�curity Ins�rument and sha11 cQntinue to vccupy the Praperty as �3arrower's
<br /> principal r�sidence f�r at least one year aft�r the date of o�cupancy, unless L�nder determines that this requ�rernent
<br />! shall cause undue hardship for the Borrower ar unless�xtenuating circumstances�xist which ar�bey�nd Borrower's
<br /> �on�rol.
<br /> 7. Preser�atian, Maintenan�e and Prvtectinn af the Praperty; Inspection5. Barrower sha11 not destroy,
<br /> damage or impair th�Praperty, allow�he Frop�rty to deteriorate or cornm�t�ast�on the Prap�rty. Bvrr�vver shall
<br />� maintain the Pr�p�rty in order to prevent the Property fr�m deteriorating or decreasing in value due to its condit�an.
<br /> Unless it is determined pursuant to Section 5 that repair�r restoration is not ecanamically feasible, Barr+awer shall
<br />� promptl� re�air the Praperty if daxnaged t� avoid furt�er deteriora�ion ar damage. ��insurance ar c�ndemnation
<br />' pro�e�ds are paid in connection with damage to the Pr4perty, Borrower sha,�l be resp�nsible for repairir�g or restoring
<br /> �he Praperty onty if Lender has r�lea�ed proceeds for such purposes. Lender may disburse pr�ceeds for the repairs
<br /> NEBRASKA FHA DEED 4F TRUST- MERS p��s���
<br /> N ED�TZ2.FHA �91�419 5 Page 6 vf �3 www docmag�c,carn
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