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2� 17� 1237
<br /> L�AN#:U'I�0172911
<br /> acknowledges that#he cos�of the insurance co�erage sn abtained might s�gnificantly�xc�ed the cvst
<br /> v�insurance�hat BoRov�►er cvuld ha�e�btained.Any amounts disbursed by Lender under�his Section
<br /> 5 shall become additivnal debt of Borrower secured by this Security lnstrument.These amounts shall
<br /> bear in�et��st a#�he Nv#�rate�Fror�#�e c��t�vt d�sb�rs�rx�ent and shall be payable,with such interes#,
<br /> upon notice frvm Lender to Borrower requesting payment.
<br /> All insurance policies requ�red by Lender and ren��rals vf such palicies shal�be sub�ect to Lender's
<br /> right to disapprove such policies,sha�1 include a standard mo�tgage clause,and shal!name L�nder as
<br /> mvr�gagee andlaras an additivnal loss pay�e.Lend�r sha11 ha�e ihe�ighttv hold�he pvl��ies and renewal
<br /> certificates.If Lender requires,BaRower shall prampt�y gi►�e#v L�nder al[re�eipts of paid premiums and
<br /> renewal natices.If�orrower abtains any form❑f insurance coverage,na�vtherwise required by L�nder,
<br /> far damage to,or d�struction of,#he Prop��#y,su�h policy sha1��nclude a standard martgage�lause and
<br /> sha�l name Lend�r as mo�kgagee andlor as an additional I�ss payee.
<br /> in the even#of Ioss,Borrvwer shall gi��prompt nvtice#v the insu�ance carrie�and Lender.Lend�r
<br /> may make provf of Ivss if n�t made promptly��r Borrawer.Unless Lender and Borrower ofiherwise agree
<br /> in writing,any insurance pr�ceeds,whether ar not�he under�ying insurance was requ�red by Lender,
<br /> sha��be applied to res�oratian or repair of the Prvperty,if the restvrativn❑r repair is ecanamically fieasible
<br /> and Lender's�ecurity is nvt lessened.❑uring such repair and�restvrativn periad,Lender shall ha�e the
<br /> righ#tv hvid such insurance proce�ds untii Lender has had an oppv�tunity to inspect such Property tv
<br /> ensure#he i+vnrk has been completed to Lender's satisfaction,pro�ided that such inspection shall be
<br /> unde�taken promp�ly.Lender may disburse prviceeds for the repai�s and restoratian in a single payrnent
<br /> or in a series�f pt-ogress paymen�s as�h�wvrk is��mpleted.Unless an agreemen�is made in wri#ing or
<br /> App�icable Law r�quires interest tv be paid on suc�insurance praceeds,Lender shal�nat be requi�ed ta
<br /> pay�orrow�r any interes�ar eamings an suc�proc��ds.Fees for pub��c adjusters,or other t��r�par�ies,
<br /> re�ained by�orrawer shai�not�ve paid out ofi#he insucance prooeeds and shai�be th�sol�vbligativn o�
<br /> Bor�ower:lfthe r�storation or repair is nvt��onomica�ly feasible ar Lend�r's security wvuld�Oe lessened,
<br /> th�insurance proc�eds shal�be app�ied#v the sums secured by this Secu�ity Ins�rum�nt,whether vr
<br /> nvt�h�n due,with the exc�ss,if any,paid#a Bvrrawer.Such insurance proce�ds shal�be applied in the
<br /> arder pravided�or in S�ctian�.
<br /> If Botrvwer�band�ns the Prvpe�y,Lender may fle,negvtiate and settle any auailabl�insuranc�
<br /> c�aim and refated matters.If Banrorru�r daes no#resRond within 30 d�ys tv a nvtice from Lender that the
<br /> insurance carr�er has offered�o settle a c�aim,then�ender may negatiat�and settle the ciaim.The 3�-
<br /> day�eriod w�ll ta�g�n�nrt�er�#�e�a#i�e is�iver�.�n eiti��r ev�nt,�r-if Lende�acquires�h�Prvperty under
<br /> Sectian�� or vtf�en�vise, Barrower her�by assigns tv Lender{a} Svrcower's rights#v any insurance
<br /> proceeds�n an amount nvt ta exceed the ar�naunts unpaid under�he Note or th�s 5ecurity Instrumen#,
<br /> and�b�any other of�a�rvwer's rights 4�#hes than the right tc�any refUnd af uneamed premiums paid
<br /> by Borrvw�r}ur�der a�l it�suranc�palicies cvW�ring�he�'roperty,insofar as such rights are applicabie
<br /> to the caverage o�the Prop�rty.L�nder may use t��insurance prviceeds eit�er to repair vr�estore th�
<br /> Property ar t�pay amvunts unpaid under the Nate or this Security Instrumen�,whether or not then du�.
<br /> G. ac��upancy.�o�rawer sha(I occupy, establish, and use the Property as Barrawer's principal
<br /> resid�nc�within fia days after the executian of this Se�urity�nstrumen#and shall cant�nue to v�upy the
<br /> Pro�erty as B�rrQwer's princi�al residenc�for at leas#vne year afterthe date o'f occupancy,un�ess Lende�
<br /> otfienrvise agrees in writing,wfiich cons�nt shall n�t be unreasonab�y withh��d,vr un[ess ex#enuafing
<br /> circumstances exist which are k�eyond BtiRower's c�n�rvl.
<br /> l. P�eservatian,Maintenance and Pratecti�n of the Prop�rty; tnspect�ans. 6orrvwer shal�
<br /> not destray,damage vr impair the Prvperty,a�low the Property to deterivrat�vr cvmmi�was�e an the
<br /> Property.IlVhether ar nvt Borrvwer is residing in tti�P�-operty, gvrrvw�r sha��main#ain the Property in
<br /> arder to prevent the Property fram de#erivrating vr decreasing in vafue due to its condi�ivn. lJnless it
<br /> is de�ermined pu�suant t❑Sect�vn 5#hat re�air or�restorativn is��t ecvnomical#y feasible, Bv�rvwer
<br /> shal[promptly repair the Qr�perty if damaged to avoid further deterioration or damage.It insurance flr
<br /> candemnation praceeds are�aid in connectian wit�damage to,or th�taking vf,the Prop�rty,8orraw�r
<br /> shalt�e responsible fnr repairing or resto�ing the�'raperty vnly��L�r�tie��as�e�eas�d,proc�eds fvr
<br /> such purposes.Lender may disburse prvr,eeds�or t�he repairs and restvra�ivn�n a single paym�nt vr
<br /> in a series of�rogress payments as the wvrk is campleted.if�he insurance ar candemnati�n proceeds
<br /> are nvt suificient to repair or restore the Property,Borrower�s not r�fie�ed�f gorrower's obl�gat�vn for
<br /> the completion of such repair or restoratifln.
<br /> Lender vr its agent rnay make reasanable entries upon and irrspections of the Property. [f i#has
<br /> reasonable cause,Lender may inspect the inte�i�r of the imprvvements vn the Pr�pe�ty.Lender shal�gi�e
<br /> Bvrra►nrer nv#ice at the time of or p�or#o such an�n�erior inspe�ion spec�fying such reasonable caus�.
<br /> 8. Bvrrawer's Laan App[icati�n.Borrowershall be in defaul#if,durit�g the Loan app�ication p�ocess,
<br /> Borravuer or an}����sons vr entities act�ng at the direction of Borrawer or�nrith Bvrrvwer's knawiedge vr
<br /> consent ga�e m�t�r�ally false,m�slead�ng,vr inaccurate informatian ar statements#a Lender�or failed ta
<br /> prov�de Lender wi�h ma#erial informatian3 in connectivn with the Lvan.Ma�erial r�p�esen�atians in�lude,
<br /> bu�are not�imited ta,repres�n�ations con�erning Bor�rower's accupancy�f the P�aperty as Borrower's
<br /> principal residence.
<br /> 9. P�vtection c��Lender's Inter�st in the Prop�rty and Rit�hts Under this Security lnstrument.
<br /> If�a� Barrvwer fails ta perform the ca�enan#s and agreements can#ained in this 5ecurity Instrument,
<br /> �b}there is a�egal proceeding that might significantly affect Lender's interest�n the Property andla�
<br /> rights under this Securit�r Instrument(such as a pr�ceeding in bankruptcy,probate,for condemnati�n or
<br /> �otfieiture,fvr enfo�-c�m�nt of a lien whi�h may attain priarity o�er this Security instrument vr#o enfvrce
<br /> faws or regulatians}, vr�c} Svrrow�r has abandaned�he P�aperty,then �ender may do and p�y fvr
<br /> whate�er is reasonabl�or appropr�at�#a prote�t Lender's in�eres#�n th�Proper�y and rights under�his
<br /> NEBRASKA--Single Fam�ly--Fannie MaelFreddie Mac UN�FORlIA lNSTRUWIENT Fvrm 34281�Q'1
<br /> E�Eie Mae,inc Page 5 vf�� NEUDEED�CLS}
<br /> Q211412Q17 QZ 27 PM PST
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