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<br /> of co�erage. Therefnre, such co�erage shall co�er L�nder, but rn�ght or might nat prateCt BorrovWer, BorravWer's
<br /> equity in the Praperty, or�he canten�s of�he Proper�y, agains�any risk, hazard or liabili�y and might pro�ide greater
<br /> or lesser ca�erage�han vWas pre�iously in effec�. Borrower acknowledges that the c�st of the insurance c��erage so
<br /> ob�ained m�gh�sigmif can�ly exceed the cost of insurance�hat Borrower c�uld ha�e ob�ained. Any amounts disbursed
<br /> by Lender unde.r this Se���on 5 shall become additior�al debt of Borr�wer secured by�his Securit`y Instrument. Thes�
<br /> amaunts shail bear in�eres� at the Note rate from the da�e of disbursement and shall be paya�le, with such interest,
<br /> upon no�rce f.rom Lender to Borrov►�er re9uesting pa�men�.
<br /> A11 �nsurance policie�required by Lender a�d renewals of such p�lici�s shall be subject to Lender's righ�to
<br /> di�appra�e such palic�es, shall include a standard mort�age clau�e, and shall name Lender as mor�gagee andl�r as
<br /> additional loss payee. Lender shall ha�e the righ��o ho�d the pfllic�es and renewal certiif cates. If Lend�r�equires,
<br /> Borrower sha�l pr�mp�ly give to�ender all receipts of paid premiums and renewal notices. If BorrovWer o�ta�ns any
<br /> form of�nsurance coverage, not otherwise required by Lender, f�r damage to, �r destr��tion of, the Pr�p�rty, such
<br /> palicy shall inc�ude a standard mortgage clause and sha1� name Lender as mort�agee andlar as an add�tional loss
<br /> payee.
<br /> In�he e�ent of 1oss, Borrow�r sha�1 gi�e prompt nfltice ta the Y.nsurance carrier and Lender. Lender may make
<br /> proaf of loss if nat made pr�mptly by I3arrower. Un��ss Lender ar�d Borrawer othervWise agree �n wr�ting, any
<br /> insurance proceeds, whether or not the underlying insuran�e was required by Lender, shall be appl�ed to rest�ration
<br /> �r repair �f�he P.roperty, if�he restoratian or repair is econamical�y feasible and.Lender's securi�y is no� lessened.
<br /> During such rep�ir and re��oratian period, .Lender sha�l ha���he right to hold�uch insurance proceeds until Lender
<br /> has had an appa.rtunity to �nspect such P.roperty to ensur��he work has been completed to Lender's satisfa�tion,
<br /> pravided that such inspecti�n shall be undertak�n promptly. Lender may disburse proceeds for �he repairs and
<br /> res�oration in a single paym�nt�r in a series of�ragr�ss payments as�h.e vWork is completed. Unless an agreement is
<br /> made in writing ar App�icable Law reyuires in��.rest to be pa�d on such �nsurance pracee�s, Lender sha�l not be .
<br /> required to pay Borrower any�nterest or earnings on such proceeds. Fees for public adjusters, or�ther�hird parties,
<br /> retai.ned by Bo.rrawer shall not be paid vu�of the ir�surance pr�ceeds and shall be�he sole obligatr�n of Borrower. If
<br /> the.restoration or repair is not ecanomically feasib�e ar Lender's secur��y v�ou�d be lessened, the insurance proceeds
<br /> sha�l be applied to the sums secured by this Security Instrument, whether or nat then due, v�ith�he excess, if any,paid
<br /> to Borrower. Such �nsurance praceeds shall be applied in the order pro�ided for in Section 2.
<br /> If Borrower abandons the Pr�perty, Lender may fi1e, negotiat� and settle any a�ailabl� insurance c�ai_m and
<br /> related matters. �f Barrowe.r does not.respand within 3� days�o a�o��ce from Lender that th.e insuranc�carrier has
<br /> �ffered to settl�a claim, �hen Lender may n�gatiate a�nd se�tle the cla�m. The 3�-day periad wz1�begi�when the no�i�e
<br /> is g��en. In either e�ent, or if Lender acquires the Pr��er�y under Sec�ion 2�or otherwise, Borrov�er hereby assigns
<br /> tio Lender(a}Sarrower's righ�s to any in.surance proceeds in an arx�ount not to exceed the amounts unpaid under�he
<br /> Notie or this Security Tnstrument, and �b} any other of Barrower's rights �other �han the right to any r�fund of
<br /> unearned premiums paid b}�Borrvwer}under all �surance po�icies covering the Pr�perty, insofar as sueh rights are
<br /> app�icable to the caverage af the Pr�perty. Lender may use the in�urance praceed� e�ther to repair or restore the
<br /> Pr�perty or to pay amounts un�aid under the Note or this Security �nstrument, whether �r n��then due.
<br /> 6. �ccupancy.Borrower shall occupy,establ�sh,and use the Property as Borrawer's principai residence v�ithin
<br /> 6� days after th� �xecution of�his Securzty Instrurnent and shall con��nue ta occupy �he Prvper�y as Bar.rower's
<br /> princ�pa�residence fo.r at least one year after the da�e af�ccupaney, un�ess Lende.r de�ermi.nes that this requirement
<br /> shall cause undue hardship for the Borrawer ar un�ess exter�uating circurnstances exist which are beyand BarrovWer's
<br /> control.
<br /> 7. Prese�r-�ation, Maintenan�e and Protect�on of the PrQperty; In�pec�ians. Borrawer sha1� not destroy,
<br /> damage ar impai.r the Property, a�low the Property t� deterior�te or cam�n��waste an the Property. Borrawer shall
<br /> maintain the Praper�y�n order�a pre�en�the Pr�perty f.rnm deteriorat�ng vr decreasing in�alue due to i�s��ndit�on.
<br /> Unle�s it is determined pursuant to Sectron 5 �hat repair or restoratian is n�t econamica�ly feasible, Bor.rawer sha1�
<br /> promptly repa�r the Property if damaged to avoid further deteriaration or damage. If insurance or condemnation
<br /> praceeds ar�paid in cannection with damage�a the Pr�per�y, Borr�wer sha�l he responsible far repairing or restoring
<br /> the Property anly if Lender has released proceed� fnr such purposes. Lender may disburse proceeds f�r the r�pairs
<br /> NEBRASKA FHA DEED�F TRUST- NtERS DocNlagi� �
<br /> N E��TZ2.FHA a9114115 Page fi of �3 www.dvcmagrc.c�m
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