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2� 1 ��5981
<br /> not b�exercised wnreasonably. Lender may require Borrovwer to pay, in c�nnection with th�s Loan,:e�ther: �a�a one-
<br /> time charge f�r fload zon�determination, certi�cativn and trackin�ser�ices; or(b�a ane-time cha.rge for flood zone
<br /> de�erminatian and c�rt�f ca��on ser�ic�s and subsequ�nt charges each�ime�emappings ar simi�ar changes oc�ur wh�ch
<br /> reasor�a�b�y might affect such de�erminatian or �er��fi�a��on. Bor�ov►�er shall also be r�spansible f�r the payment of
<br /> any f��s i.mposed by�he Fed�ral Emergency N�anagemen� �4g�ncy in cannect�on with the r��ievW�f any flaad zone
<br /> �etermina��ar�resulting from an objectian by Bo.rrovver.
<br /> I:f Borrower fails to maintair�any�f the co�erages d�scribed abave, Lender may obtain insur�ance co�erage, at
<br /> I�end.er's opti�n and Borra�er's exper�s�. L�nd�r �s unde�nn��ligatior��u purchase any particul�.z type or amaunt
<br /> of cvWer�.�e. Therefore, su�h cowera�e �ha�l cover Lender, bu�migh� or might nat prote�t Borrower, Bqrro�ver's
<br /> �qu�ty in��e Proper��, or t�ie cantents�f�he Pr�perty, a�ainst any r�sk, ha�ard or 1�abi1�€� and mig��pro�ide�r�ater
<br /> or .l�ss��eouerage than was pr�viousl� in effect. �orrov�er ac�nvvv��dges that the cos�of�h� insuranc�covera�e so
<br /> �bt�.�ne�.�nighx sign�f ca�tly e�Geed��e cost�f insuranc�that�Qrr�vuer c�u1d have Q�ta�ned. Any amoun��disbu�s�d
<br /> �y Le�der un�er t��is Se��ior�5 s���.�1 bEco�ne add���Qnal d�i�t o��orrav�eY•secur�d b�this Sec�rity��st�ument. T��ese
<br /> amac�.nts sha�l ��ear i�t�rest at�h��a��rat�f�am�he da�� of d�sburseme�t a.nd $�ia�l�e pa�a�ble, ���h ��uch int�res��
<br /> upon na�ice�xom�end�r to Barraw�r requesti.ng.pay�nent.
<br /> A�1 insurance p�Iic�es required by Lender and renewals�f such pvlic�es shall be subj ect tQ Lend�r's righ�to
<br /> disap�rfl�e such p�licie�, shall inelud�a s�anda�d mc�rtgage c�ause, and sha��name Lender as rr�art�agee andlnr as an
<br /> addi�ional loss payee. Lender s�a11 ha�e the righ�to hald�h�po�ic�e�and renewa�certif cates, If L�t�d�r r�quires,
<br /> Borrvw�r sha1�prompx�y give�a Lender al�receipts of paid premiu.rns and renewal notices. If B�rrower ob�ains an�
<br /> f�rm of insurance co�erage, no�otherv��se required by Lender, far damage to, or d�struction of, t�ie Prop�r�, �uch
<br /> policy sha1� include a standard mortgage clause and shail name L�nder as martgagee andlor as �n additional lass
<br /> payee.
<br /> In the e�ent of loss, Bflrrnwer sha11 gi�e prompt notice�a the�nsurance carrier and Lender. Lender may make
<br /> pronf�f loss �f n�t made promptly by Bnrrawer. Un�ess Lender and Bnrrower atherwise agr�e xn wri�ing, any
<br /> insurance pra�eeds, whether or nat th�under�ying insuranc�wa�requi.red b�Lender, shall be appl�ed to restora��an
<br /> or repair o�the Praperty, if�he r�storat�on or repair �s economical�y f.�as�b��a�nd Lender's se�uriiy is not��ssened.
<br /> During su�h repa�r and restoration period, Lender sha�l have the right�o h�ld such insurance proc�eds unti� Lender
<br /> has had an apportunity �o �nspect such Property to ensure the wark has been comple�ed to Lender's sati sfac��on,
<br /> pr�vi�led that such inspec�ion shall be undertaken promptly. Lender may disburse pr�ceeds f�r �he repairs and
<br /> restaratian in a sing�e payment or �n a series of progress paymen��as�he wark is comp�eted. Unless an agreemen�
<br /> is made in wrxting or A�plicab�e �aw requires ix�terest�o b�paid �n such �nsuranc�praceeds, L�nder sha�l�nat be
<br /> required to pay Boxrovve�-�ny�n�er�s�or earnrn�s on such proc�ed�. Fees for pub�ic adjusters, or�ther th�rd par�ies,
<br /> reta.ined by Borrower sh.a�l n�t be p�id Qu� af the insura�ce p.roce�ds a�d sha�l be the soie obliga�ian af B�rrawer.
<br /> :�f�he res��rat�an o�-r�pair is no�ecnn��nically��as�bl�vr L�nder'�s�cu��ty wQuld be less�n�d,the insurance praceeds
<br /> shall be app,lied tv th�sums s�cure�.�y�h�s�e�uri�r Instrur�aent,whe�he��r not the�due, with t�e e�cess,if a�y,�a��l
<br /> to Borr�w�r. �uch insurance prrac�ed��ha�l be�pp��ed in����d�r pro��id�d for�n Se��ion 2.
<br /> �f�arrower abandons th� Praperty, L��der r�aay fil�, z��go��a�e �nd se�tl� any a��ai�a�le insurar�ce c�aim and
<br /> r�lated xr�atters. �f:Barrower daes not respand with�� 3�days tQ a nQtice fr�na Lender tha��he insurance carri�r has
<br /> offered t� settle a c�aim, then Lender may negatiate and s��tle t�e clair�i. The 3D�day period vvi�l begin when the
<br /> �atice is g��en. �.n eith�r e�ent, or if Lender acquires the Property und�r Sect�on 22 or otherwise, Borrower h�reby
<br /> assigms t� Lender(a� BarrovWer's rights to any insurance proceeds �n an amount not ta exceed th� amounts unpa�d
<br /> under the Na�e or th�s Securi�y Instrument, and�b�any other af Borro�uer's rights��ther than xhe r�ght to any refund
<br /> of unearned premiums pa�d�by Borrawer�under a�l insuranCe po�ic�es co�ering the Froper�y, insofar as such ri�hts
<br /> are appi�cab�e ta the coverage af the Praperty. Lender may use the insurance praceeds either to repair ar res�ore the
<br /> Property or to pay amounts unpaid under�he N�te ar this Seeurity Ins�rument, whether or nat th�n due.
<br /> 6. �ccupancy. Borrower shal� oc�upy, estahl�sh, and use�he Property as B�rrower's pri�acipal res�denc�
<br /> within 6�days after the executi�n of this Security�nstrument and sha1�continue to occupy the Prop�rty as BorravWer's
<br /> princ�pal residenc�far ati least�ne year after the date of occupancy, unless Lender otherwis�agrees in writing, which
<br /> NEBRASKA--Sing�� Family�-Fannie iUIa�IFreddie Mac UNfFDRNi INSTRUiUIENT- MERS p��,�ye��
<br /> Form 3�28 11D1 Page 6 of �5 �ww.docrr�agic.com
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