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201704349
<br />subsequent ch ges each time remappings or similar changes occur which reasonably might affect such
<br />determination o certification. Borrower shall also be responsible for the payment of any fees imposed by the
<br />Federal Emerg =ncy Management Agency in connection with the review of any flood zone determination
<br />resulting from . objection by Borrower.
<br />If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage,
<br />at Lender's opti.n and Borrower's expense. Lender is under no obligation to purchase any particular type or
<br />amount of cove age. Therefore, such coverage shall cover Lender, but might or might not protect Borrower,
<br />Borrower's equ ty in the Property, or the contents of the Property, against any risk, hazard or liability and
<br />might provide reater or lesser coverage than was previously in effect. Borrower acknowledges that the cost
<br />of the insuranc coverage so obtained might significantly exceed the cost of insurance that Borrower could
<br />have obtained. Any amounts disbursed by Lender under this Section 5 shall become additional debt of
<br />Borrower secur =d by this Security Instrument. These amounts shall bear interest at the Note rate from the date
<br />of disbursemen and shall be payable, with such interest, upon notice from Lender to Borrower requesting
<br />payment.
<br />All insuranc
<br />to disapprove s
<br />and /or as an ad.
<br />Lender requires,
<br />Borrower obtai
<br />destruction of,
<br />mortgagee and /.
<br />In the event
<br />make proof of
<br />writing, any in
<br />applied to rest.
<br />Lender's securi
<br />hold such insur
<br />has been comp
<br />Lender may dis
<br />payments as th
<br />interest to be p.
<br />earnings on suc
<br />paid out of the
<br />not economicall
<br />the sums secur
<br />Borrower. Such
<br />If Borrower
<br />related matters.
<br />carrier has offe
<br />begin when th
<br />otherwise, Borr
<br />policies required by Lender and renewals of such policies shall be subject to Lender's right
<br />ch policies, shall include a standard mortgage clause, and shall name Lender as mortgagee
<br />itional loss payee. Lender shall have the right to hold the policies and renewal certificates. If
<br />Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. If
<br />s any form of insurance coverage, not otherwise required by Lender, for damage to, or
<br />he Property, such policy shall include a standard mortgage clause and shall name Lender as
<br />r as an additional loss payee.
<br />of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may
<br />loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in
<br />urance proceeds, whether or not the underlying insurance was required by Lender, shall be
<br />ration or repair of the Property, if the restoration or repair is economically feasible and
<br />is not lessened. During such repair and restoration period, Lender shall have the right to
<br />ce proceeds until Lender has had an opportunity to inspect such Property to ensure the work
<br />eted to Lender's satisfaction, provided that such inspection shall be undertaken promptly.
<br />urse proceeds for the repairs and restoration in a single payment or in a series of progress
<br />work is completed. Unless an agreement is made in writing or Applicable Law requires
<br />id on such insurance proceeds, Lender shall not be required to pay Borrower any interest or
<br />proceeds. Fees for public adjusters, or other third parties, retained by Borrower shall not be
<br />nsurance proceeds and shall be the sole obligation of Borrower. If the restoration or repair is
<br />feasible or Lender's security would be lessened, the insurance proceeds shall be applied to
<br />d by this Security Instrument, whether or not then due, with the excess, if any, paid to
<br />insurance proceeds shall be applied in the order provided for in Section 2.
<br />bandons the Property, Lender may file, negotiate and settle any available insurance claim and
<br />If Borrower does not respond within 30 days to a notice from Lender that the insurance
<br />ed to settle a claim, then Lender may negotiate and settle the claim. The 30 -day period will
<br />notice is given. In either event, or if Lender acquires the Property under Section 22 or
<br />wer hereby assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount
<br />not to exceed the amounts unpaid under the Note or this Security Instrument, and (b) any other of Borrower's
<br />rights (other th the right to any refund of unearned premiums paid by Borrower) under all insurance policies
<br />covering the Property, insofar as such rights are applicable to the coverage of the Property. Lender may use
<br />the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the Note or this
<br />Security Instru ent, whether or not then due.
<br />6. Occupa cy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence
<br />within 60 days after the execution of this Security Instrument and shall continue to occupy the Property as
<br />Borrower's pri cipal residence for at least one year after the date of occupancy, unless Lender otherwise
<br />agrees in writin;., which consent shall not be unreasonably withheld, or unless extenuating circumstances exist
<br />which are beyond Borrower's control.
<br />7. Preserv. tion, Maintenance and Protection of the Property; Inspections. Borrower shall not
<br />destroy, damag or impair the Property, allow the Property to deteriorate or commit waste on the Property.
<br />Whether or not orrower is residing in the Property, Borrower shall maintain the Property in order to prevent
<br />the Property fro deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to
<br />NEBRASKA- Sin le Family - Fannie Mae /Freddie Mac UNIFORM INSTRUMENT
<br />Form 3028 1/01
<br />Laser Forms Inc. (800) 446 -3555
<br />LFI #FNMA3028 9/11 Page 6 of 13
<br />It
<br />Initials:
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