2� 17� 1529
<br /> L�AN#:Q'�2'13'�0??
<br /> ackno�edges��at the cos�of�he insu�ance coverage sn obtained rni�h�significan�ly excer�d fihe cos�
<br /> af[r�surance that B��ower could�ave�btai�ed.An�amo�nfis disbursed by L�nder under�his Sect�an
<br /> 5 �ha�l b�come add�tio�al debt of��rrv�n►er secur�d by this Securi�y Instrumen�. T��se amaunts sF�aiE
<br /> b�a�inter��s�a��he No�e �-a�e fr�m the da�e af disbursement and sha�l be�ayable,with such in�erest,
<br /> upa� n�ti�e from Lender tv Bo�-raw�r req�es�ing payment.
<br /> Afl in��rance palicies requir�d b�r L�nde�and ren�wa[s o�s�ch�a�ic�es shall be subjeci��o Lender'�
<br /> righ�to disapRroWe such�olicies, shal��nclude a��andard mo�tgag�clause, and shal� �ame Lender as
<br /> mvrt�agee a�dloras an additi��al Ioss payee.Lende�shall hav�the r�gh��a hoid the palicie�and renevval
<br /> c�rtific�tes.If L�nder requ�r�s,Barr�wer�ha�l prompt�y gi�e to Lender afl receipts of paid premi�m�and
<br /> r�n��a[notices. if Borro�er abtain�any�orm of insurance Gc���rage,not vthervvise r�qu�r�d by Lender,
<br /> ��r damage ta,or destrc�c�ion a�,�he Proper�y,such pofi�y sha��include a�tandard morkgage clause a��
<br /> shall name L�nder as mortga��e andlor as an ad�itinnal la�s paye�.
<br /> ln�he�ver�t vf loss, gorr�wer s�all give prampt no�i�e t�t�e i�suranc�carri�r and Lender. Ler�d�r
<br /> ma�rr��ke pr�o�of�ass if no�made pramptiy by B�rrow�r.�nl�ss Lender and Ba`ror�ver ath��wise agre�
<br /> in wri�ing, any insurance praceeds, vr►��ther ar nat�he un��r�yin� ir�s�ran�e vva� �equired by Lender,
<br /> sha[l�e ap��ied fo restaratiar�or repai��f fihe Propert�,if the restvrat�on or�epai��s e�onomica�ly feasibf�
<br /> and L�nder's se�urify is n��lessen��. During sc��h repair ar���estvrati�n�e�iad,Lender Sha�l have��e
<br /> righ��v hal� su�h ir�s�rance pra�eeds�ntil Lende�has had an appvrtunity tv inspec�such� P�vperty ta
<br /> �nsure the rnrork has been camp��t��'to L�nd�r's satisfa��ian, pravided �hat sUch inspec�ion sha�l b�
<br /> und�r�ak�n prompt�y.Ler�der m�y d+s��r�e proce�ds far the re�airs and r�s���a�i�n in a singie payr�er�t
<br /> ar�r����ries o�progress paymen�s as�he work�s cam�f�ted.�niess an agreement is mad�in w�ri�ing vr
<br /> Applicable La�r�e�uire�in��r�s�tv b�p��d ort such�nsurance proceeds, Len�er shal�not be requ�red tv
<br /> pay Borrower any inte�-est�r earn�R�s�n su�h pracee�s.Fees�or�ubiic adjus�ers,Qr other��ird parties,
<br /> reta�ned b�Borrower shali not be pa�d au�Qf�he it�su��nce proceed�and sl�afl be the sol�o�liga��an o�
<br /> Bo��ower.If�he restar�tion��repair is no��car�omically�easible or L�nder's se��ri�y wouid b�lessened,
<br /> the ins�aran�e prace�ds shall be applied to�he sum�s�cure� by th�s Se�uri�� Ir�strument, whether ar
<br /> not then d€��,wiith�he exc�ss,�f any, paid���orra�er.Such insurance p�-�ceeds shali b�applied in�he
<br /> order p�ov�ded�Qr in��ctio�2.
<br /> If�orr�v�er abandvns th� Pr��erty, L.�nder may fi��, neg�tia�e and se�tl�a�y avaEl��i� ir�suranc�
<br /> ciaim a�d re{ated mat�er�. 1�Barrov�er does no�resp��d�nri�h�n 3�da�s�a a notic�from L�nde�th�t the
<br /> insuran�e carrier has offe�ed�a se�kle a c�aim,�the�Le�d�r r�ay negvtia�e and settle�h�claim.The 3a-
<br /> day periQd►�II begin��n the na�ice is�iven. In �ither ev�n�,�r���.ender a�quires�he Property un�er
<br /> 5�ction �� Q� o�he�v4r��e, Bo�rvwe� he�eby assigns td L�nder �a} Borrawer's �igh�s to any �r�surance
<br /> proceeds 'rn an �maun�nvt�o exc�ed�f�e amounts u�paid u�der the Na�e or�this Sec�rity fr�strurr�en�,
<br /> and �b} any ather vf Bo�ravver's righ�s �a�her�har�the ric�ht#a any refur�d of une�c�r��d premiurr�s paid
<br /> I�y B�rro►�r�r) under all insuranc� polici�� C��erin�the Property, insafa�as suc� �ights are appli�able
<br /> tv the�average of the P�operty. Len�er ma}�u�e th�insuran�e proceeds e�ther fo repair ar restare�he
<br /> Prop�r�y�r tv pa�amvun#s unpai�under��e�a�e ar this Security Instrumen�,wh�tF�er ar not ther�du�.
<br /> �. t��cupanc�. Barrower shall occupyt es�abfisn, and use�he Prapert� as �orrower's principal
<br /> reside�ce wi�hin 50 days after the exe�ution of this S�cu��ty Instrum�nt a��sha�l can�inu���a�cupy th�
<br /> P�ap�rty as Borrowver'�prine�pal r�sidence fvr at least on���ar af#ert�e dat�af accupan�y,un[ess Len�er
<br /> vthen�ise agrees in wri�i��, ►�►hi�h cansent sha�l nvt be unreasa�ably wi�hheld, ar un[ess ex��r�ua�ing
<br /> cir��ms�ances exist which�re beyand B�rr�wer's cvr�t�o�.
<br /> 7. Preser�at�an, N�aintenance and Prfltectivn af the Proper�.�►; Inspec�ians. B�r�-ov��� s�al�
<br /> no�destroy, d�ma�� or imp�ir the praperty, allow�he �roperty to d��er�Qra��o�cammi�vvaste an the
<br /> Property. �ether�r not Ba�rovve�is residing in the Prape�#y, Bar��vwe�s�al�rr��intain t�e Pr�perty in
<br /> Qrde�ta p�event the �rope�ty fram deteriarating �r��creas�ng in �alue due�� its ��nditi�rr. LJnless it
<br /> �s deterrr�ined pursuant to Sec�ivn � that ��pair ar �es�or��ian �s nvt ecana�ni�ally �easible, BQrra►�v��
<br /> sha�� pramptly repair�he F�rvpe�ty if damaged ta avQid�urthe�deteriarat�Qn or dama�e. lf insuranee�r
<br /> ��ndemnatior�p�oce�d�are pa�d in�vnnec�ion with damag��a,or the ta�ing a�,�he Property,g�rro�►��
<br /> sha�l be res�onsible far re�airing a� restoring �he PrQ�erty anly i� L�nder has released pr�ceeds for
<br /> st�ch purp�ses. L�nder may dishurse proceeds fvr�h� ��pairs a�d r�stora�ivn in a sing�e paym�n�or
<br /> in a series af�r�gr�ss paymer�ts as the work is cvrr�pleted. If��e�i�surance or cQndemnat�on proceeds
<br /> are n�t su�ficient�o r�pa�r ar rest�re t�e Pr�p�rty, �orrovwer�s na�rel��ve��f gorrower's obiigativn fvr
<br /> the cnmpletia���su�h repai�or res�ar�ti�sn.
<br /> ��nder or i#s a�ent may make reasanab�e en��ies upon and i�spr�c�ions af the Pr���y. I�it has
<br /> reas�nabie cause,Len�e�r may inspec��h�ir�teno�af#he imprv�ernents vn t�e F�rope�ty.Lender shal!g�ve
<br /> 6orro�n►�r no�ic�a�the�ime vf Q��rior to such an interi�r in�pe�tian specifjiin�s�ch reasan�ble�ause.
<br /> S. �orrower's Laar�Appf ication.B�rrower sh�ll be in defau It if,�uring the Loa n appl i�ation pra�es�,
<br /> gorrawer or any persans or en���i�s acting at t�e direetiQn❑�Barrv►�►�r or with�orrower's knav�rle�ge or
<br /> consen�gave materiafly�a�s�,mi�leadir�g,vr�naGcu�a��ir�farrna�ion o�stat�mer�ts�a Len�er�or�a�ied�v
<br /> prvvid�Lender�n��ma��rial inform��ion}�n conn�c�ion wi�h th�Loan.M�teria�repr�sen#ati�ns�n��ud�,
<br /> but are no�lim�ted ta, rep�es�ntation�conce�ning Barrav�rer's occupartcy of the Prvperty as B�rra►�ver's
<br /> p�in�ipal res�dence.
<br /> �. Protec�ion of Lender's In�erest in th�property and F��ghts Ur�der this Security Instrument.
<br /> If�a} B�rr��nte�fails�o perfa�m the covenants an� ag�eeme�ts �ontained ir�this S��uri#y Ir�strument,
<br /> �b) ther� is a legai proce�ding tha� m�ghf signifcantly �ffect Lender's �n�er�es� in t�� Property andfflr
<br /> rights under�his Security lns�rt�m����such�s a proce�ding in bankr�pt�y,�rv�a�e,�ar condemn�tion or
<br /> farfeiture,for enfarcerT-ient af a lien which ma�attain priarit�y over this Secu�ty lns�rument vr�o�nfor�e
<br /> [��rirs ❑r regula��on�}, or {c} gorravti►ef ha� abandan�d the Property, then Lender may do and pay far
<br /> whatev�r is reasvna�le or appropria��ta�rote�t Lender's interest in the Pr�perty an�right�u �r th"
<br /> lnitial�
<br /> NEBRASKA--Sing�e Famil�--Fanni�MaelFredd�e I�Ilac UNIFaRM�NSTRUMENT Fvrm��281d�'�
<br /> E[li�Mae,In�. pa���a��� N�UDEED �4'�5
<br /> NEUDEED�CLS}
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