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2� 17�217�
<br /> ackna�vledges that the Gost o�the insurance coverage so abtained might signifcant[y exceed�he cast
<br /> a�insu�an�e that gorrov�er cou�d have v�tained.Any amvunts disbursed�y Ler�der under this Sec�ion
<br /> 5 sha[[becvme additivna[debt vf Borrower secured by this Secur�ty Instrument.Th�se amounis shall
<br /> bear€nter�s�at the Nnte rate�rom the date of d�sbursement ar7d sha�1 be pay�bf�,�v�th such inte�est,
<br /> upon notice frvm Lender ta Bvrrower requesting paymen�.
<br /> All insurance po[icies required by Lende�and renewais of such pal�ci�s sha�[be subject�o Lender's
<br /> right to disappro�re such polici�s,shall inc[ude a standard mor�gage c€aus�,and shall name�ende�as
<br /> ma�gagee andlor as an additional�vss�ay�e.Lender sha11 have the right t�hv[d th�policies and renewal
<br /> ce�#if cates.[f Lender requires,Bvrrovuer sha[I promptly g��e to Lende�-a!I reGeipts of paid premiums and
<br /> reneural notices.i�Borrower vt�fains any�vrm❑f insurance co�erage,not ofherw�se required by�ender,
<br /> for darnage t�,or d�structivn❑f,the Property,such policy shal!include a sianda�d mortgag�G�ause and
<br /> sha�l name Lende�-as martgagee andlo�as an additi�nal loss payee.
<br /> �n�he ev�nt of�oss,Bfl�rower shall gi�e prvmpt natice�v the insurance ca�rier and Lender.Lender
<br /> may make prao�of lvss i�not made prompt[y by Borrower.Un�ess Lender and E3orrvwer v�he�v�rise ag�e�
<br /> in wr�tir�g,any insu�ance prac.�eds,whether ar nat the underiy�ng insurance was requir�d by Lender,
<br /> shall be applied tv restara#ion a�-�epair ofthe proper�y,�f the restaration or repai�is econvmically feasibie
<br /> and Lender's s�curity€s nat lessen�d.During such repair and restorativn peri�d,Lender shal[h��e the
<br /> rig��t to hv�d such insurance proceeds unfil Lender has had an vppo€�un�ty to inspec�su�h Pr�perty ta
<br /> ensure th�uuo�#c has�een�vmp�eted#o Lender's satis�act�on,prn�ided fhat such inspectiot�shat�t�e
<br /> ur�dertaken pr�mp�ly.Lend�r may dis�urse�roceeds far the repairs and resto�ation in a single pa�men�
<br /> vr in a series of prvgress payments as the work is compl�ted.Unless an agreement is made in v�riting o�
<br /> Appl�cable La�r�-equires i�tterest to#�e paid❑n such insurance proc.�eds,Lender shall not be required to
<br /> pay Borrawer any interest ar�a�nings�n such proc�eds.Fee�for pub�ic adjuste�s,❑r�ther���ird parties,
<br /> retained by Borrower shall not be�aid vut v�#he insuranc�proceeds and shall be the sole abligatian�f
<br /> B�rrav�rer.l�the restorafion❑r repair is nvt economically f�asibie vr L�nd�r's secu��ty wouid be lessen�d,
<br /> the insurance pr���eds sha�f f�e�ppli�d fv�he sums s�cured by this 5ecu�ity�ns#rument,vrhether or
<br /> not�hen due,w�fh the excess,i�any,paid#a Borro�er.Suc�insurance prace�ds shal�be applied in ihe
<br /> order pro�id�d for ir�S��tion�.
<br /> If Bo�rrower abandvns the Pr�perty,Lende�may f�e,negotiate and s�t�le any availa�le insurance
<br /> claim and re[ated matters.1�B�rrow�r does not€�espond►r�rith�n 3�days ta a nvtice fr��r�Ler�der thai the
<br /> �nsurance�ar�ier has offe�ed tv s�ttle a c�aim,then Lender may negotiat�and settle the c�aim.The 3D-
<br /> day perivd w��i b�gin vvhen the nvfic�iS given.In either event,o�if L�nder acquires the Prvperty under
<br /> Section �� o�o#hennr�se, Bvrrower hereby assigns ta Lender�a} Borrovuer's rights to any insu�ance
<br /> pro�eeds in an amaun�not#o exc�ed the amnunts unpaid under the N�te or fhis Secur�ty[nst�ument,
<br /> and �b}any vthe�of Bv�rov�rer'�righ�s��ther#han�he right fv any refund of uneamed pr�m�ums paid
<br /> by Borro�ver}under aIl insuranGe po�ic��s c��ering the P��perty,insofa�-as such rights are applicable
<br /> to�I�e cvW�rage vf the Prvpert�.Lender may use the insu�ance prviceeds eft�er to repair or restore the
<br /> Prope�#y or to�pay amaunts unpaid under th�Note❑r fhis Se�urify�nstn,�ment,wh�ther ar not then due.
<br /> �. Q�cupancy. Bor�av+r�r shall occupy, estab�ish, and use the �'roperty as Barrower's principal
<br /> res�dence within 5�days a�ter#he�ex�cutian�f this 5ecurity Instrumenf and shall continue to occupy�he
<br /> Prop�rty as Borro►�rer's prir�c�pal residence fa�at�east one yea�a�terthe date of occupanc}+,unl�ss Lender
<br /> otherv►rise agrees€r�writing,�h��h cans�nt sha�f no�be unreasvnably withheld,ar un�ess ex#enuating
<br /> �ircumstances exist�nrhich are bey�nd Bnr�rv►►ver's caritrol.
<br /> 7. Preser►rativnr 11�ain�enance and Protectivn af the Prv�erty; lnspections. Bvrrow�r shall
<br /> nat destrvy,damage or impair#h��'�op�r�y,ai�ow the Prvperty to deteriorate�r cvmmit wast�vn the
<br /> Property.1Nhether vr not Borrawer is res�ding in the Prope�#y,Bor�awer shall maintain�he Prop�€ty in
<br /> ❑rde�-ta preuent the Proper�y fr�m deter�orating or decreas�ng in�ralue due to its condition. tJnless i�
<br /> is determined pursuant to Secfian 5 that r-epair or rest�ration is no�ecanamically�easible, gvrrower
<br /> sha[�prarnptly repafr the Property if damaged t❑a�oid further det�rioration❑r damage.if ir�surance or
<br /> condemnatior�p�vice�ds are paid in conn�ct�an wi#h damage to,vr#he�aking af,#he Property,garrower
<br /> shall be res�onsib�e'�vr repairing ❑r restvring the Prope€�y only if Lender has re�eased proceeds#or
<br /> such purposes. L�nder may disburs�proceeds for#he repa��s and restvration in a sing�e payment or
<br /> €n a series of prvgress payments as the uror�c is comple�ed.if the insurance or condernnatitin p�oceeds
<br /> are na�sufficient ta repair or res#or�the P�operty,Borrvwer is n�t relie�ed o�Bat�t�ower's obl�gatian for
<br /> the campietion of such repair nr restorat€on.
<br /> Lender ar its agent rnay ma�Ce reas�nable entries upvr� and inspectior�s af t�ie Prope�ty. i€it has
<br /> �easvnable cause,Lender may inspect tfie interior of fhe improWements vn#he Prvper�y.L�nder shai[gi�e
<br /> 8vrrvwe�nv�i�at the�ime�f ar privr to su�h an in�erior inspection spec��jr�ng such reasonabie cause.
<br /> 8. garrovver's Lr�an�pp�icati�n.Borro�vershall be�n de�ault if,during the Laan appCicat�an process,
<br /> Bvrrower ar any��rsons or entities ac#ing at the dir�ction o€Bo�rowe�❑r with garrvwer's knowledge or
<br /> cansent gaWe mater€ally�a�se,mis�eading,ar inaccurate information ar stateme���s to Lender�or failed��
<br /> proWide Lend�r with mat�r�ai�nf��rnation}in cannectivn wsth the Loan.Material repr�sentations inc[ude,
<br /> but are not lim�ted tfl,rep�esentativns Goncerning Borrower's accupancy af#he P�ap��t}t as Borrower's
<br /> principa��esidence.
<br /> 9. Protect�vn vf Lender's interes�in the Praperty and Rights Under th�s Secu��ty Instrument.
<br /> If(a} Borrower fails�o perfivrm the cavenants and agreem�nts cfln�ained in fhis Security Instrument,
<br /> ��}there is a Iega! prviceeding tha�might sigr�ifcantiy afFect Lender's �nterest in the Property andlar
<br /> rights under th��Security instrument tsu�l�as a pro�eeding in bankru�atcy,prvbate,for cond�mnation or
<br /> f�rfeitur�,f�r�r�#arcement❑f a[�en which may at�a�n priority o►re�#his Security lnstrument vr to en�orce
<br /> �aws vr regu�ations}, vr�G} Bor�ower has abandoned the Prope�fy, then Lender may do and pay for
<br /> whateWer is reasanable or approp�ia�e t�prv�ect�ender's inter�s�in the Praperty and rights under th�s
<br /> NEBRASKA--Sirtgle Farni[y--Fannie MaelFreddie Mac LJNfFURM 1NSTRUMENT Form 3�2811�'t
<br /> El�ie Mae,�n�. Page 5 of�0 NEUDEED �4�5
<br /> NEUDEED{C�S3
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