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2� 17� 1 �59
<br /> acknawledges that#he cvst v�the insurance�overage s�ahtained migh�signifcantly exceed the cast
<br /> af insurance that Borrower cou�d have❑btained.Any amvunts disbursed by Ler�der under�his Section
<br /> 5 shall b�came addit�vna�debt of Borrower secured by this Se�urity Instrument.These amaun#s shaf�
<br /> bear�nterest at the Note rate from the date af disbursement and shal�be payab[e,with such interest,
<br /> upon n�tice from Lender tv B�rrflwer requesting payment.
<br /> Al!insurance policies�equired by L�nder and r�newals o#such pv�i�ies sha[�be sut��ec�fo Lender's
<br /> right to disappro�e su�h policies,shai�inc�ud�a standard mo�gage�(ause,and�ha11 nam�Lender as
<br /> mortgagee andlor as an additianai loss payee.Lender shall haue#he r�ght to hofd the pa�icies and renewal
<br /> certificates.I�Lender requires,E3vrro�►�rer shai�prompt[y gi�re to Lender ali re�eipts of paid prem�ums and
<br /> ren�wa!notices.��Borrawer abfains any fvrm❑f insurance co�erage,n�t ofherwise required by Lend�r,
<br /> for damage�o,ar destructian of,the Prvpe�y,such po��Gy shall inc[ude a standard martga�e c�ause and
<br /> shall name Lender as ma�tg�gee andlar as an additional Iass payee.
<br /> In the e�ent vf Ioss,Bo�rower shal�gi�e prampt nvtice fv the insurance carrier and Lender.Lender
<br /> may make prvof of lass if nat made prornptly by gorrvwer.Unless Lender and Bor��w�r vtherwise agree
<br /> in�rv�iting, any insurance prviceeds,whethe�or not the underlying insurance was requ�red hy Lender,
<br /> shali be applied to restorativn or repair of the Prvper�y,if the restoration vr repair is econom�ca[�y feasible
<br /> and Lender's securi�y�s n�t lessened.Du�ing such repair and restvra�ion per�od,Lender sha[[have the
<br /> righ�to hald such insurarice proceeds until Lender has had an vppartunity to inspect such Prvperty�v
<br /> ensure�he vuork has been completed tn Lender's satis�action, pro�ided�hat such inspectian shaif be
<br /> undertaken pramp�ly.Lender may disburse proceeds�ar the repairs and restvratian in a single payment
<br /> nr in a series of pragress paym�nts as the work is cvmpleted.Un#ess an agreement is made in vvriting vr
<br /> Applicable Law requires interest to be paid on such insurance proceeds,Lender sha[�not be required��
<br /> pay Borrow�r any interest or earnings�n such proceeds.F�es for pu�iic adJuste�s,ar ather third par�ies,
<br /> re�ained by Borrvwer shali nvt be paid vut vf the insu�anc�prflceeds and sha�1 be the svle ubligatian vf
<br /> garrovver.lf th�resfaration❑r�epair�s nvt�can�mical�y feasib[e or Lender's secur�ty would be l�ssened,
<br /> th�insurance prn���eds sha!!be applied to the sums secured by this 5ecurity Instrument,v+rhether�r
<br /> not then due,wi�h�he exc,ess,ifi any,pasd ta gvrrower.Su�h insurance proceeds shal�be app[ied in the
<br /> ord�r provid�d for in Sec�ion�.
<br /> �f�arrower a�andons th�Praperty,Lender may f le,negatiate and s�t�le any a�a€{able insuranc�
<br /> claim and���at�d matters.lf Borf-awer dnes not respond witl��n 3Q days to a notice from Lender that th�
<br /> insu�ance carrier�as offered tQ�ef���a c�a�m,�hen Lender may negatiate and settle#he c�a�m.The 30-
<br /> day periad will hegin when the nat�ce�s gi�en.�n either event,��if Lender acquires the Propert�und�r
<br /> Se�t€on Z� c�r otherwise, gv�rvwer hereby assigns tv Lender �a} Bvrrvwer's righ#s to any insurance
<br /> proceeds in an amvunt no#to exceed the amounts unpaid under the Nate ar this 5ecurity lnstrument,
<br /> an��t�}an�ather nf Barrawer's rights�viher than the right to any refund of unearned premiums paid
<br /> by Borrawer}under al!insuran�e policies r,��ering the Prflpe�ty,insofar as such r�ghts are appi�cabl�
<br /> tv the coWerage v'f th�Property.Lender may use th�if�surance proceeds e�iher to repair or restvre�he
<br /> Pro�rerty or to�ay am�unts unpaid under�he Note vr#his Secur�fy�nstrumenf,whether ar nat then due.
<br /> 6. �c�upa�cy. Sorro�rer sha��occupy, estab�[sh, and u�e#he Praperty as go�ower's princi�al
<br /> res�dence within��days after the execu��on of�his Security Instrument and shall cont�nue ta occupy the
<br /> Property as Bvrro�rer's principal residence fora�least vne year af#e�the date�f occupancy,un�ess Lender
<br /> otherwise a�re�s in wr�t�ng,��rhich cansent shall not�e unreasonably withhe[d,or unl�ss extenuating
<br /> circumstances e�cis#which ar�beyond Borrvwe�'s cont�o[.
<br /> 7. Pr�ser►ratinn, Maintenance and Prate�t�on vf the Rrop�rty; Inspectians. Bvrraw�r shal[
<br /> nv#destrvy,damage�r impair the Property, allow the Prop�rty fo deteriorate nr Gvmmit was�e on th�
<br /> Prape�#y.Vlfheth�r�r nvt�vr�ow�r�s residing�n the P�ope�y, Sorrower sha�l maintain the P�vperty in
<br /> o�der t�prevent the Prvpe�ty f�om det�riorating❑r decreasing in�a�ue due to�ts cvndi�ivn. Unless it
<br /> �s determined�ursuant�n Sec�i�n �that repair or�estvrat�vn is not economically�feasib[e, Borrower
<br /> shall p�vmp��y r�pair�he Praperty if damaged tv a�Qid further deteriorat�on vr damage.I�insurance ar
<br /> candemnativn prvc�eds are paid in conne�t�vn with damag�t�,v�-the�ak�ng vf,the Property,Borrower
<br /> shall be responsible�vr repairing or restoring the Prvperty oniy t�Lende�has released praceeds ffl�
<br /> such purpvses.L�nder may disburse proceeds fvr th�repairs and restoratian in a single payment or
<br /> fn a ser€es vf progress payments as�he work is camp�eted.If the insurance ar condemnation praceeds
<br /> are no#suffcaenf to repa�r vr restare the Property,Barrower is not relieved of Bvrrower's ob�igatian fo�
<br /> the cvmp�etion of such repair or restaration. .
<br /> Lender or its agent may make reasflnable entr�es upvn and inspections o�the Property. If it ha�
<br /> reasanable cause,Lender may€nspect the interior vf the impraWements on the Prope€�y.Lender sha�1 give
<br /> Bvrrawe�nofice a�the�ime of vr prior ta such an in�e�flr inspect�vn specifjr�ng such reasonable cause.
<br /> 8. garrower's Lvan Rpp�icat�an.gorrowersha��be in defauCtif,d�r�ng th�Loan applicat�an proc�ss,
<br /> Borrower�r any pers�ns ar entit€es act�ng at the d��r�ctivn vf Ba�rower or►ntith B��rower's knaw�edge or
<br /> cansent gaWe materially false,m�sleading,or inaccurate infarmativn❑r statements to Lender�or�ailed to
<br /> provide Lender with ma�erial infarmatian}in connectian with the Loan.Materia[r�presen�a��ons�nciude,
<br /> but are nvt�imited ta,repr�sen�ations concern�ng Borrower's v�cupancy vf the P�-vperty as Barrowe�'s
<br /> principal�esiden�e.
<br /> 9. Pratection vf Lender's Inteces�in�he Property and Rights Under this Security tnstrument.
<br /> If�a} Borr�wer fai�s tv perform the covenants and agreem�nts con�ained in#his Secu�fy Instrumen#,
<br /> ��}there is a �ega� pr�ceed�nc� thaf m��ht significant�y affect Lender's inte�est in the Proper�y andlvr
<br /> rights under#his Securi#y�ns�run�ent�such as a proce�ding in bankruptcy,probate,fflr cQndemnatian vr
<br /> forfeiture,for enfvrcement of a�ien which may attain prior�ty❑�e�this Secur�ty Instrument or tv en�arce
<br /> �au►rs or regulativns}, or�c} Borrvwer has abandoned the P�oper�y, then Lender may d� and pay fvr
<br /> whateWe�is r�asanable vr appropriate tv prote�t Lende�-'s in�erest�n the Property and rights under this
<br /> NEBRASKA--Sir��fe Family--Fannie MaelFreddie Mac UN[F�RM fNSTRUMENT Fot-m 30�8'�1Q1
<br /> El�ie Mae,�r�c. Page 5 af�� NEU�EED �415
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