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...M..�.......,....�._........._...w.N...........�................... .. _ . .. . .., . . ....._ . . : ... . . . . . ......_.__..ww_2 1 7 1 <br /> .. .. .. . . . . _ . _.��.: :. . .. � � �3J <br /> L�AN#:��1�13���5 <br /> ackno�ied��s ti�at�h��ost v#the insurance coverag�s�a ob�ain�d m�ght signifi�an�ly exc�ed the c�st <br /> �#insura��e�hat B�rrovuer�ould hav�obt��n��.�lny amounts disburs�d by Lender under this�ec�ion <br /> 5 shall iaecome ad€�i�ivna�debt of Borr��v�r��cur�� by�his ��curi�y InstrUment. These amflunts sha�� <br /> b��r in�er�s�a�ti�� No�e�a��from the date af disbursement and shall be paya�vl�, v+ti�h such in��res�, <br /> up�n na�ice�rom Lender t� Barrav�er reques��ng paymer��. <br /> All insuranc�palicies required by Ler�der and rene�►als af suct�policies s�al�b�sub�ec��❑Lender's <br /> ��ght�a disap�r��re�uch policies, shall includ�a s�andard martgag�clause,and sh��l name Lend�r�s <br /> martgagee an�llar as an addi�ional lo�s payee.Lende�shall ha���he right to hold t���ol�cies and renewa� <br /> certificates.�f Lender r�quires,gorrower sha[l pramptl}1 give�o Let�der all receipts o�paid pr�miu�s and <br /> renewal na�ic�s. lf Borrower obtains an�1`arm ofi insurance cov�rage,nat t��hen�vise r�qt�ired by L.ender, <br /> for damage�a,or destruc#ion ofi,the Pra�er�y,su�F�poiicy shal��nc�u���s��r�dard�ortgage�laus�and <br /> sh��l name Lender as rx�vrtgagee andlor as�n addi�iona���ss paye�. <br /> ln�he event o�f�ss, Barrovver shaii give pr�r���nQ#ice to the insurance ca�ri�r and Len��r. L�nder <br /> r�nay maice proo��f las�if nat ma�e prarr�ptly by Bc�rra�rer.U��ess Lende�ar�d Barro�r3rer ath�n�vise a�ree <br /> in wri�ing, any ins�ranc� proceeds, wh��her ar n�t the und�rl}�ing ins€�rance�as required b� Lender, <br /> shal�b�appl�e�to re��ora�i�n ar repair of th�Prop��ty,if�he��s�o�atiar��r repair�s economical�y f�asible <br /> and L�nde��s security is nQt lessened.During such repair and restara�ion perir�d, Lend�r sha11 hav�the <br /> rig�t�a hald such ins�ra���pr�ceeds un�i1 Ler�der has had�n aRportuni�y t�inspec�suGh Property t� <br /> �nsure the v�rark ha� beer� �ompiet�d t� Lender's s�t�sfac�ion, p�avided that su�h inspe�tion �hall b� <br /> un�ertaken promp�ly.Le�der�ay disburs�prac�eds fior t�e�epairs ar��restvration in a s�ngfe paymer�t <br /> or in a�eries af�r�gres$paym�nt�as�he wor�c�s c�mpleted.Unless an agreement is rna�e�n writing ar <br /> App[icable Lawr�quire��nteres�t�be paid an su�h insuran�e pro�eed�, Lendersha��n��be r�qu��ed t� <br /> pay�orro�ver any int�rest or earni�tgs on such pro�e�ds.Fe�s f�r publ�c ad�ust�rs,o�flther th�rd parties, <br /> �e�ained by Barrow�r�ha�l not b�paid out o�the insu�ance p�o�eeds a�d s�a��be the sa�e obligatiot�a� <br /> Ba�rower.!f�h�res�ora�ian or r�pa�r is not��ona�n�call�feas��le vr Ler�de�'s securi�y�nrould be les��ned, <br /> t�e insurance proc�eds shal� b� applied �v the su�ns secured by th[s Se�curity lnstrument, whether Qr <br /> no��hen due,�►vi�h th�exce��, i�any,pai��o B�r�aw�r.Suc� insur�nc�proceeds shall b�applied in�he <br /> ❑r�er pr�vided far in�ec�ion�. <br /> ��Borraw�r abandor�s�he Property, L�nder may fi�e, negatia�e and settle any available insurance <br /> claim and related ma�ters. ff Bvrrov�er does no�respond wi�hin 30 days�o a nati�e from Lender"that�he <br /> insurance Garri�r has offered to sett�e a cla[m,�hen Lender may negvtia�e an��e�tle the cl�im.The 3a- <br /> day p�rio�l►�vill begin when tF�e�o�ice is�iv�n. [n �ith�r��ent, or i�Lender acquires the Praperty under <br /> Sec�ian �� or a�her-vvise, Bor�ro�ve�- h�ereby assig�s tv Lend�r (a3 Borrav�er's rights tQ any insurance <br /> procee�ds in an amount not���xc��d th�amaunts un�aid under the fVote or this S�curi#y Instrument, <br /> and �b� �r�y o�h�r o�BQrrg�ver's rights �other#han the right ta any r�fun� af uneart��� prerniums paid <br /> by �arrvwe�} under all insurance poli�ies cavering the P�aperty, insafar as such rights are app�icable <br /> tv�he coverage o�th�Praperty. Lender may use the insurance praceeds eithe�ta repair�r res�are the <br /> Praperty o�tv pay am�un�s unpaid under the N��e or this�ecuri�lnst�ument,�nrhether�r n��t�en d��. <br /> �. �ccupartcy. Barro�e�- sha�l �ccupy, es���lish I an� �se the Pr�perty as B�r�ov�e�'s princi�al <br /> r�sidence wi�hin�Q�days aft�r�he execu�ion of th��S��uri�y lnstr�m�nt ar�d sl�a�1��r��Fnue to❑ccupy the <br /> Pra�ert�a�B�rrvwer's princip�l r�s�dence�ar at leas�nne year a��rth�date��oc�upancyz unless Lender <br /> �therv�r�s� �grees ir�writing, �vhich c�nsen�shal� no��� un�-easo�ab[y v�ithhe�d, �r unl�ss extenuating <br /> �ircums�anc�s exist v�rhich are �eyflnd Barra�r+��r's cor��ra[. <br /> �. Preservatianr I�la�ntenan�� and Pro�ection of tne Pr�perty; �nsp�ct[ons. Bc�rravver shall <br /> na�de�troy; dam�ge or impa�r�he Prnperty, al�a�rv�h� Praperty to d�t�riora�e ar c�mmit�vas�� or� the <br /> Prope�ty. 1�Vheth�r or n�t 8ar�o�er is r�s�ding ir��h� F�r�perty, Bflrrower sh�[I maintain the F�ro�er�y in <br /> order�o p��vent th� Praper#y from d�t�r�or�ting �r de��easing in ��lue due t� its �ar�d�tian. Unless it <br /> is determined purs�an� to 5ec�io� 5 that rep�ir ❑� restor�tion� �� not e��n�mical�y fieas�b�e, Bv�ra�ue� <br /> sha�l prQmptly�ep�ir t�e Proper�y i�dama�ed�o av�id further det�r�ara�i�n or dam�g�. ff�r�surance ar <br /> cond�mnatia��r��eeds are paid in�annecti�n�i�h damage tQ,or�he�ak�ng o�,the Property, Borrow�r <br /> shall b� r�spvnsib[e far re�a�r�ng ar res�oring the �rap�rty on[y if Lender has re[eased proGeeds fvr <br /> such ��rp�sr�s_ Len�er may d��burse pro�ce�ds for the repair�and resforation in a singie payment or <br /> in a s�ri��of p�-ogress pay�nents as�he�vark�s�amp�e�ed, I��he�n�urance or candemna�ion proc�eds <br /> are no�su�c�ent ta repa�r��-res�c�r�th���-op�rty� 8vrrawer is no�relie�ed of Bor�ower's obligativn fa� <br /> the compfe��on o�such rep�ir or�estora�ion. <br /> �enc�er�r its agent m�y make reasanable entri�s upon and inspec#i�n� af the �roperty. lf it has <br /> r�a�on�bie c�use,L�nder rnay insp�ct the interiar of the im��rov�men�s�n the Prope�ky.Lender shall give <br /> Borrowe�no#ic�at the�ime�f or�rior t�such an inter�or inspec�ion spe�ify�ng such reasanab�e cause. <br /> 8. Ba�r�v�rer`s Lt�anApp�icatian,Borrvw�r�ha�l be i�defau��if,du�ing th�Loan app�icat�on p�oc��s, <br /> Bo�rowet��r any person�or en��t�es ac�ing at th�dir���ion af Barrv�nr��or wit�Borrouver's know��dge or <br /> cor�se��gav�mat�r���ly�alse,�nisle�ding,ar inaccura��inforrnat�on or statem�nts��Ler�d�r�a�fai�ed tv <br /> provid�Lend��-with ma�erial infflrmati�n}�n connec�ior��nr�th�he Lvan.illla�er�af repr�senta�ions include, <br /> but are no�I�mited ta, representatians c�nc�rn�ng Borrower'�vccUpancy�f the Prc�perfy as Borrower's <br /> prin�ipal resid�nce� <br /> 9. Protectivn vf Lender's Int�res��n the property and Rights Llr�der this�ecurity In�tr-ument. <br /> I���} Borrovv�r�ai�s to perfarm the covenants and agreem�r�ts cantained in this Security lnstrument, <br /> �b} �here is � �egal proeeeding tha� mig�t significantly affect Lend�r's �nterest in the Property andlv� <br /> righ�s under this��curi�y Instrument�su�h a�a proceeding in bank�uptcy,probate,for c�nd��nna�ion or <br /> f��'�it�are,far enforcemer�t tif a lien v+►hich may af�ain priority ov�r this�ecuri�y lns�ru�ent a�tv enforc� <br /> laws or regula�iar�s}, vr �c} Borrower has �bandoned the Prop��ty, t��n Lende� �ay da and pay �o� <br /> whatever is reasvnable ar approp�iate ta prote�t L�n��r's in�e�est ir�fhe Property a�td rights u�d �h� <br /> 1 n���a�� <br /> NEBRASKA�-Single Farr�ily--Fannie MaelFreddie N[ac UNI�QRM fNSTR�MENT Form 3�28 1101 <br /> E�fie Mae,(nc. ���g�pf�Q NEUDEED 041� <br /> NEUDEED�CLS} <br /> 03109T���7 D5:�8 AlVI P5T <br /> ��.� � <br /> � <br /> * <br />