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. 2� 1 ��8484 connection with the re�iew of any��ood zone de�erm�naf�on resulting from an ob�e�tion by Bor�owe�. lf Barr�wer fails fo main�ain any of the coverages described abo�e, Lender may obtain insurance co�e�ages a� Lender's optivn and Borrower's expense. Lender is under na o�l�ga�ion fo pu�chase any particular type a�amaunt��co�erage. Ther�far�, such �average shall co�er Lender, �ut might vr m�gh� nv� protec� Borrower, B�rrower's equify in #he Prop�r�y, �r the cont�nts �f�he Pr�per�y, against any risk, hazard or ��abiiity and mighfi pro�ide greater or �ess�r co��rage �han was pre��ousiy in eff�c�. Borrower a�knawledges�hat�h� c�st of the insuranc� co�erage s❑ ❑btained might signifi�antly exc�ed the cos��f insu�ance that Borr�wer cou�d ha�e obtained. Any amaunts disbursed by Lender under this Section 5 shall bec�me addi�ional debt��Barrower s�cured by this Securi�y Ins�rument. These amounts sha�! bear in�erest a� the Nate rate from the date af dishursemen� and shal� �e payab�e, with such in�erest, upon n�tice fr�m Lender�o Borrower requesfing payment. Ail 'rnsurance p�licies requir�d by Lender and �enewals of such po��ci�s shall b� subj��t to Lender's right to disapprove such policies, shall in�lude a s�andard mor�gage ��ause, and shall name Lender as mortgag�e andlor as an add��ianal ioss payee. Lender shaf I ha�e the right to hold th� policies and renewai cert��icates. I� Lender requires, Barrower shall pr�mptly gi�e �� Lender a!� r�ceipts �� paid premiums and ren�wal notices. [f S�rrQw�r �btains any f�rm o� insuran�e co�erage, ��t ��herwise requi�ed by Lender, �or damage �a, ❑� des�ructian af, the Praperty, su�h pofi�y shal� include a s�andard martgage clause and shaif name Lender as m�r�gagee andlor as an additionai I�ss pay��. In �he e�en� v�F loss, Borrower sha!! gi�e pramp� nv�ice to �he insurance carr�er and Lender. . Lender may make proof of loss if not made pramp�ly by Sorrower. Unless Lender and Bvrrflwer o�herwise agree �n wri�ing, any insurance pr��ds, whether or na�the unde�[yin� insuran��was required by Lender, sha�l b� applied ta res�ora��n or repair of the Prope�ty, �� the r�s��ation or repair is ecanomicaliy feasible and Lender's s�cu��ty is n�� lessen�d. �3uring such repair and res�flrati�n p�ri�d, Lender shal! ha�e the r�ght t� hoid such insuran�e pra�seds un�ii L�nder has had an oppvr�unity �a inspect such Prnp�r�y tv ensure�he wa�k has been comple�ed�o Lender's sa�isfaG�ion, pro�ided tha�su�h �nsp��tiQn sha�l be undertaken pramptly. Lende�may d�sburse proceeds far the repairs and restora�ion in a single payment�r in a series of p�ogress paymen�s as�he work is c�mpfeted. Ur�less an agreement is made in writing or Applica�le Law requires in�eres��a be pa�d �n such insurance proce�ds, Lender shall na�be required �o pay E3orrower any interes�or�a�nings on such proce�ds. �ees fv�public adjusters, or ofiher third pa�ies, retained by Borrow�r shal! nat be paid �u�of�he insurance proceeds and shali be�h� sole obligation af Bflrr�wer. If fihe restvra�i�n �r r�pair �s no� �c�nam�cally feasi�Ie vr Lender's s�curity w�u�d be lesser�ed, th� insu�anc� proceeds shalf be appfied to �he sums secured by this Security Instrument, whe�her or n�t then due, with the excess, if any, paid ta Borrawer. Such insurance pro�eeds sha�l be applied in the order pr�Wided f�r in Sec�ion 2. If Borrawer abandons the P��perty, Lender may f�le, nego�iate and se��e any a�ailable insurance �1aim and re�a�ed matters. I�Barr��rver does no� respond within 3D days t� a nafii�e �rom L�nder that fhe insuran�e carrier has offered to sett�e a c�aim, th�n Lend�� may nega�iate and settle �he claim. The 3�-day periad wil� beg�n when�he nofice is�i�en. �n�ither e�ent, or if L�nder acqu�res�he Proper�y under Secti�n �2 or �therwise, Bo��ower hereby ass�gns ta Lender �a}Barrawer's rights ta any insurance proceeds�n an amount not to exceed th�am�un�s unpaid under the Note o�th�s 5�curi�y lnstrument, and �b}any athe� of Bvrrower's righ�s �other than the righ� �o any refund o� unearn�d prerniums paid by Borrower} under aii insurance policies co��ring the Prop�r�y, insofar as such rights are app�ica�le to the ca�erage�f�he Property. Lender may use the insurance proceeds eifher fo repa�r ar resfore th� Property or to pay amounts unpaEd under the Note or�his Security Instrument,whethe�or not�hen due. � G. C�ccupancy. Borr�wer shal� o�cupy, es�ablish, and use the Property as Borrower's principai residen�e within �� days afte�the execution of th�s Security Instrument and shall continu� �o occupy the Property as Borrawer's pr�n�ipal residen�e fvr at ��as# one year after the da#e of occupancy, unless Lende� �the�vuise a�rees in writing, which consen� shal� not be un�easonably withheld, �r un�ess ex�enuating circums#ances ex�st which are beyond Borr�wer's contr��. � 3 � ❑ � 6 4 s 2 8 $ � * M c M v R r v o T � NEBRASKA--Single Family-Fannie MaelFredd�e Mac UNIFQRM INSTRUMENT Form 3�28 910'I {page fi of 94 pages} Mortgage Cadence Dacumen�Center Q 3027��1�4