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200206912
<br />subsequent charges each time remappings of similar changes occur which reasonably might affect such
<br />determination or certification. Borrower shall also he responsible for the payment of any fees imposed by the
<br />Federal Lmergency Management Agency in connection with the review of any flood zone determination
<br />resulting from an objection by BOn -o"N'
<br />It llonowei falls to maintain any of the coverages described above, Lender may obtain insurance coverage,
<br />at Lender's option and Bonowefs expense. Lender is Order no obligation to purchase any particular type or
<br />amount of coverage. 'Therefore, such coverage shall cover Lender, hilt might or tec
<br />might not prnt Borrower.
<br />Borrower's equity in the Property, or the contents of the Property. against any risk, hazard or liability and
<br />might provide greater of lesser coverage than was previously in effect Borrower acknowledges that the cost
<br />of the insurance coverage so obtained might significantly exceed the cost of insurance that Bonower could
<br />have obtained. Any amounts disbursed by Lender under this Section 5 shalt become additional debt of
<br />Borrower secured by this Security Ins nument. These amounts shall bear interest at the Note rote from the dare
<br />of disbursement and shall he payable, with such imcrest, upon notice from Lender to Borrower requesting
<br />payment
<br />All insurance policies requital by Lender and renewals of such policies shall be subject to Lender's right
<br />to disappfove such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee
<br />and /or as an additional loss payee. Lender shall have the right to hold the policies and renewal certificates- If
<br />Lender requires. Borrowcr Shall promptly give to tender ull receipts of paid premiums and renewal notices. If
<br />Borrower obtains any form of insurance coverage, not otherwise required by Lender, for damage to or
<br />destruction of, the Properly, such policy shall include a standard dam'tgnge clause and Shall name Lender os
<br />mortgagee and/or a an additional Ions payee.
<br />In the event of Ioss, Borrower shall give prompt notice to the insurance carrier and Lender- Lender may
<br />make proot of loss if not made promptly by Borrower Unless Lender and Bonower otherwise agree m
<br />wining, any insurance proceeds, whether or not the underlying insurance was required by Lender. shall be
<br />apphed to resmratlon or repair (d Property, it the restoration or repay is economically feasible and
<br />Lender's security is not lessened- During such repair and restoration period, Lender shall have the right to
<br />hold such insurance proceeds until Lander has had an opportunity to inspect such Property to ensure the work
<br />has been completed to Lender's satisfaction, provided that such inspection shall he undct[akom Vromptly.
<br />Lender may disburse pmeccds tot the repairs and restoration in a single paynwat or in a series of progress
<br />puymerrs ax the work is completed Unless an agreement is made in writing or Applicable Law requires
<br />interest to be paid on such insurance proceeds, Lender shall not he required to pay Borrowcr any interest or
<br />earnings on such proceeds. Fees for public 'UnStreS, of ether third parties, retained by Borrower shall ml be
<br />Food out of Life Insurance proceeds and shall be the sole obligation of Borrower. If the restoration of repair is
<br />not economically feasible or Lender's security would be lessened, the insurance proceeds shall be applied to
<br />the scans secured by this Security Instrument, whether or not then due, with the excess, if any, paid to
<br />Borrower. Such insuranceproceeds shall be applied in the order pfovided for in Section 2,
<br />If linrrnwer abandons the Propcfty, Lender may file, negotiate and settle any available Insurance claim and
<br />related platters- If Borrower does not respond within 70 days to a notice from Lender [hat the insurance
<br />carrier has offered to settle a claim, then Lends' may negotiate and settle the claim- The 30 day period will
<br />begin when the notice is given. In either event, or if lender acquires the Properly under Section 22 or
<br />otherwise. Borrower hemhy 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 Silently Instrument. and (b) any other of Borrower's
<br />rights (other than the right to any refund of unearned premiums paid by Borrower) under all insurance policies
<br />covering the Property, insofar as such rights arc applicable to the coverage of the Property- Lender may use
<br />the insurance proceeds either to repair or restore the Propeaty or to pay amounts unpaid under the Note or this
<br />Security Instrument, whether or not then due
<br />6. Occupancy. Borrower shall occupy, esmhlish, and use the Property as Borrower's principal residence
<br />within 60 day, after the execution of this Security Instrument and shall continue to occupy the Property as
<br />Borrower's principal icsidcoee for at (east one you after the date of occupancy, unless Lender u[henaise
<br />agrees in writing, which consent shall not be art earn on I I withheld. or unless ex t enuati n of Icmnstances exist
<br />which are beyond Botrowcr's cult, 01
<br />7. Preservation, Maintenance and Protection of the Property: Inspections. Borrower shall not
<br />destroy, damage or impair the Property, allow the Properly to deteriorate or commit waste on the Property.
<br />Whether or not Borrower is residing in the Property. Borrower shall maintain the Property in order m prevent
<br />the Property from deteriorating or decrwsln, in value due to its condition. Unless it is determined Pursuant to
<br />NEBRASKA - $Iagfe Family - Fannie Mae /Freddie Mac UNIFORM INSTRUMENT
<br />Form 3028 1101
<br />rase, 1— Inc. orals a, a5fi6
<br />f Ff,FNMAau2a trot Page 6 of 13 Initials: kek VK
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