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2� 17� 1775
<br /> subseauen� charges each �ime remappings or simi�ar changes occur �vhich reasonably migh� affec� such
<br /> de�ermina�ion or cer�ifica�ion. Borro�ver shall also be responsible for �he paymen� of any fees imposed by �he
<br /> Federal Emergency Managemen� Agency in connection �vi�h the revie�v of any flood zone determina�ion
<br /> resulting from an objec�ion by Borro�ver.
<br /> If Borro�ver fails to maintain any of�he coverages described above, Lender may ob�ain insurance coverage,
<br /> at Lender's op�ion and Borro�ver's expense. Lender is under no obliga�ion �o purchase any par�icular �ype or
<br /> amoun� of coverage. Therefore, such coverage shall cover Lender, bu� might or migh� no� protect Borro�ver,
<br /> Borro�ver's equity in �he Property, or �he con�en�s of�he Property, agains� any risk, hazard or liability and
<br /> migh� provide greater or lesser coverage �han �vas previously in effect. Borro�ver ackno�vledges �ha� �he cos�
<br /> of�he insurance coverage so obtained might significan�ly exceed the cos� of insurance tha� Borro�ver could
<br /> have obta�ned. Any amoun�� disbur�ed by Lender under th�� Sec�ion 5 �hall become addi�ional debt of
<br /> Borro�ver secured by�his Security�nstrument. These amounts sha�� bear in�eres� at�he No�e ra�e firom �he da�e
<br /> of disbursement and shall be payable, �vi�h such in�erest, upon notice firom Lender �o Borro�ver reques�ing
<br /> paymen�.
<br /> A�1 insurance po�icies required by Lender and rene�va�s of such policies shall be subject �o Lender's righ�
<br /> �o disapprove such policies, sha�l include a s�andard mor�gage clause, and shall name Lender as mor�gagee
<br /> andlor as an addi�ional loss payee. Lender shall have�he righ��o hold�he policies and rene�va� cer�ificates. If
<br /> Lender requires, Borro�ver sha�� promp�ly give�o Lender a�� receipts of paid premiums and rene�val no�ices. If
<br /> B orro�ver ob�ains any form of insurance coverage, no� o�her�v ise requ ired by Lender, for damage �o, or
<br /> destruc�ion of, �he Property, such policy shall include a s�andard mor�gage clause and shall name Lender as
<br /> mor�gagee andlor as an addi�iona�loss payee.
<br /> �n �he even� of loss, Borro�ver shal� give promp� no�ice �o the insurance carrier and Lender. Lender may
<br /> make proof of loss if no� made promp��y by Borro�ver. Unless Lender and Borro�ver o�her�vise agree in
<br /> �vri�ing, any insurance proceeds, �vhether or no� �he under�ying insurance �vas reauired by Lender, sha1� be
<br /> applied to res�ora�ion or repair of �he Propet-�y, if �he restoration or repair is economica��y feasib�e and
<br /> Lender's security is no� lessened. During such repair and restoration period, Lender sha�� have the righ� �o
<br /> ho�d such insurance proceeds unti� Lender has had an oppor�unity to inspec� such Property �o ensure the�vork
<br /> has been completed to Lender's satisfac�ion, provided that such inspection shall be under�aken promp�ly.
<br /> Lender may disburse proceeds for �he repairs and res�oration in a sing�e paymen� or in a series of progress
<br /> paymen�s as �he �vork is comple�ed. Unless an agreemen� is made in �vri�ing or Applicable La�v reauires
<br /> in�eres� �o be paid on such insurance proceeds, Lender shall no� be required to pay Borro�ver any in�eres� or
<br /> earnings on such proceeds. Fees for pub�ic adjusters, or a�her �hird par�ies, re�ained by Borro�ver shall no� be
<br /> paid ou� of�he insurance proceeds and shal� be the sole ob�iga�ion of Borro�ver. If�he res�ora�ion or repair is
<br /> no� economica��y feasib�e or Lender's security �vould be �essened, �he insurance proceeds shall be applied �o
<br /> �he sums secured by this 5ecurity �nstrumen�, �vhe�her or no� �hen due, �vith �he �XC�55, if any, paid to
<br /> Borro�ver. 5uch insurance proceeds sha��be applied in�he order provided for in 5ec�ion 2.
<br /> If Borro�ver abandons �he Property, Lender may file, nego�ia�e and settle any available insurance c�aim and
<br /> rela�ed mat�ers. If Borro�ver does no� respond �vi�hin 34 days �o a no�ice from Lender �ha� �he insurance
<br /> carrier has offered �o settle a claim, �hen Lender may nego�ia�e and se��le �he c�aim. The 34-day period �vill
<br /> begin �vhen the no�ice is given. In either even�, or if Lender acauires �he Propet-�y under 5ec�ion 22 or
<br /> o�her�vise, Borro�ver hereby assigns �o Lender �a} Borro�ver's righ�s �o any insurance proceeds in an amoun�
<br /> not�o exceed �he amoun�s unpaid under �he No�e or �his 5ecurity �nstrument, and �b� any other of Borro�ver's
<br /> righ�s �o�her�han�he righ� �o any refund of unearned premiums paid by Borro�ver� under all insurance policies
<br /> covering �he Property, insofar as such righ�s are app�icable �o �he coverage of�he Property. Lender may use
<br /> �he insurance proceeds ei�her�o repair or res�ore �he Property or �o pay amoun�s unpaid under�he No�e or this
<br /> 5ecurity�ns�rumen�,�vhe�her or no��hen due.
<br /> 6. �ccupancy. Borro�ver shal� occupy, establish, and use �he Property as Borro�ver's principal residence
<br /> �vi�hin 64 days after the execution of this 5ecurity �nstrumen� and shal� continue �o occupy �he Propet-�y as
<br /> Borro�ver's principal residence for at leas� one year after the date of occupancy, unless Lender other�vise
<br /> agrees in �vriting, �vhich consen� shall not be unreasonably �vithheld, or unless ex�enua�ing circumstances exis�
<br /> �vhich are beyond Borro�ver's con�rol.
<br /> 7. Preser�at�on, Ma�n�enance and Pro�ect�on of �he Proper�y; Ins�ect�ons. Borro�ver sha�l no�
<br /> des�roy, damage or impair �he Proper�y, allo�v �he Property �o de�eriora�e or commit �vas�e on �he Property.
<br /> �Vhe�her or no� Borro�ver is residing in �he Property, Borro�ver shall main�ain �he Propet-�y in order �o preven�
<br /> �he Property from de�eriora�ing or decreasing in value due to its condi�ion. Unless i� is de�ermined pursuan��o
<br /> NEBRASKA-Single Family -FannieMaelFreddEeMac UNiF�RM 1NSTRUMENT
<br /> Fvrm 3�28'll�'I
<br /> Laser Farms lnc.�800}446-3555 .
<br /> LFI#FNMA3028 91'['[ Page�of 13 IClltlal5:
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