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200213662 coverage, not otherwise required by Lender, for damage to, or destruction of, the Property, such policy shall include a standard mortgage clause and shall name Lender as mortgagee and/or as an additional loss payee. In the event of loss, Borrower shall give prompt notice to the Insurance carrier and Under. Lender may makeproof of loss if not made promptly by Borrower. Unless Lender and Borrower therwise agree in writing, any insmanceproceeds, whether or not the underlying insurance was requited by Lender, shall be applied to restoration or repair of the Property, if therestoration or repair is economically feasible and lender's security is not lessened. During such repair and restoration period, Lender shall have the right to hold such insurance proceeds until Lender has had an opportunity to inspect such Property to ensure the work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly_ Lender may disburse proceeds for the repairs and restoration in a singgle payment or in a series of progress payments as the work is completed Unless anagreemcat is made in writingor Applialq jL w requires interest to be paid on such insurance proceeds, Icndcr shall not be required to pay Borrower any interest or earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Borrower shall not be paid out of the insurance proceeds and shall be the sole obligation of Borrower. It the ieslomtiou or repair is not economically feasible or Under's security would be Icescncd the insurance proceeds shall he applied to the sums secured by this Security Instrument, whether or not due, with the excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the order provided for in Section 2. If Borrower abandons the Property, Under may file, negotiate and settle any available insurance claim and related .,liters. if Borrower dues not respond within 30 days to a notice from Lender that the insurance carrier has olferedlo settlea elaim, then Lender may negotiate and settle the claim. The 30 -day period will begin when the notice is given, In either event, or if Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigms to Lender (a) Borrower's rights ht any insurance proceeds in an amount not to exceed the amounts unpaid under the Now or this Security Instrument, and (b) any other of Borrower's rights (other than the right to any retund of unearned premiums paid by Borrower) ordered insurance policies covering the Property, insofar as such rights are applicable to the coverage ofthe Property. Lender may use the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the Not; or this Security instrument, whether or not then due. 6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within 60 days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower's principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which arc beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or impair the Property, allow the Property to deteriorate or commit waste on the Property. Whether or not Borrower is residing in the Property, Burrower shall maintain the Property in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration or damage. if insurance or condemnation proceeds are paid in connection with damage to, orthe taking of, the Property, Bar Iower shall be responsible for repairing or restoring the Property only if Lender has released proceeds for such purposes. Lender may disburse proceeds forthe repair sand restoration in a single payment or in a series of progress payments as the work is completed It the insurance or condemnation proceeds arc not sufficient to repair or restore the Property, Borrower is not relieved oBarruwer's obligation for the completion of such repair or restoration. Under or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender shall give Borrower notice at the time of or prior to such an interior inspection specifying such reasonable cause. 8. Borrower's Loan Application. Borrower shall be in default if, dining the Loan application process, Borrower or any persons or entities acting at the direction of Borrower or with Borrower's knowledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material information) in connection with the Loan. Material representations include, but are not limited to, representations concerning Borrower's occupancy of the Propeg as Borrower's principal residence. 9. Protection of Lender s Interest in the Property and Bights Under this Security Instrument. If (a) Borrower fails to perform the covenants and agreement% contained in this Security Instrument, (b) there is a legal proceeding that nit ht significantly affect Lender's interest in the Property and/or rights under this Security Instrument ( %uch as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for enforcement of a lien which may attain priority over this Security instrument or to enforce laws or regulations), or (c) Borrower has abandoned the Property, then Under may do and pay for whatever is reasonable or appropriate to protect Lender's interest in the Property and rights under this Security Instrument, including protecting and/or assessing the value of the Property, and securing and /or repairing the Property. Lender's actions can include, butare nor limited to, (a) paying any suns secured by a lien which has priority over this Security instrument; (h) appearing in court; and (c) paying reasonable attorneys' fees to protect iv, intcrest in the Property and/or rights under this Security Instrument, including its %craned position in a bankruptcy proceeding. Securing the Property includes, but is not bound to, entering the Property to make repairs, change locks, rep I ace or board up doors and windows, drain water from pipes, eliminate building or other code violations or dangerous conditions, and have utilities turned on or off. Although Lender may take action under this Section 9, Lender does not have to do so and is not tinder any duty or obligation to do so_ It is agreed that Lender incurs nu liability for not taking any or all actions authorized under this Section 9. Any amounts disbursed by Lender under this Section 9 shall berme additional debt of Borrower secured by this Security Instrument_ These amounts shall bear interest at the Note rate from the date oft isbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions ofthe lease_ IfBorrower acquires fee title to the Property, the leasehold and the fee title shall not memo; unless Lander agrees to the merger in writing. 10. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan, Burrower shall pay the premiums required to maintain the Mortgage Insurance in effect. If fur any reason, the Mortgage Insurance coverage required by Linder cases to be available from the mortgage insurer that previously provided such insurance and Borrower was required to make separately designated payments toward thcpremiums for Mortgage Insurance, Borrower shall pay the premiums required to obtain coverage substantially equivalent to the Mortgage Insurance previously in effect, at a cost substantially equivalent to the cost to Borrower ofthe Mortgage insurance perviously in effect, from an alternate mortgage insurer selected by Lender. II substantially equivalent Mortgage Insurance coverage is not available, Borrower shall continue to pay to Lender the amount ofthe separately designated payments that were due when the insurance coverage ceased to be m effect I ender will accept, use and retain these payments as a non - refundable loss reserve in lieu at Mort gage Insurance. Such loss reserve shall be non - refundable,notwithstandingthe fact that the lxlen is ultimately paid in full, and Lender shall nor be required to pay Borrowcrany interest or earnings on such loss reserve. Lender can no longer require loss reserve payments A Mortgage Insurance coverage (in the amount and for the period that Lender requires) provided by an insurer selected by L ender again becomes available, is obtained, and Lender requires separately designated payments toward the premiums for Mortgage Insurance. If Lender required Mortgage Insurance as acondition of making me Loan and Borrower was required to make separately designated payments toward the premiums for Mortgage Insurance, Burrower shall pay the premiums required to maintain Mortgage Insurance in effect, nr to provide a nun - refundable Toss reserve, until lender's requirement lot Mortgage Insurance ends in accordance with any written agreement between Borrower and Lender providing for such termination or unti l termination is required by Applicable Law. Nothing in this Section 10 affects Borrower's aidigalion to pay interest at the rate provided in the Note. Mortgage Insurance reimburses Lender ((it any entity that purchases the Note) for certain losses it may incur if Borrower does not repay the Loan as agreed. Borrower is not a party to the Mortgage Insurance_ NEBRASKA Single Family— Fannie Mae/Fre40te Max UNIFORM INSTRUMENT Fornr3028 had (pagr4nf8page,) 115, CV(r/(o) 1612118 GOiT)raWialep