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200214193 coverage, not otherwise required by [,ender, for damage lo, 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 Lender I zndermaymake proof of loss ifnot made promptly by Borrower, Un less Lender and Bortnwer otherwi sr, agree in wri ling, any insu mice proceeds, whether or not the underlying insurance was mill uired by Lender, shall be applied to restoration or repair of the Property, if the restoration 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 aril 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 di sb tit se proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shall na[ he required to pay Borrower any interest or earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Borrower shall not he paid out of the insurance p Lord d shall be the sale obligation of Borrower. If the restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due. with the excess, ifany, paid to Borrower Such insurance proceeds shall be applied in the order provided for in Section 2 If Borrower abandons the Property, Lender may file, negotiate and settle any available insurance claim and related matters. If Borrower does not respond within 30 days to a notice from Lender that the insurance carrier has offered to settle a claim, then Lender may negotiate and settle the claim. The 30 -day period will begin when the notice is given [neither event, or if Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid under the Note or this Security Instrument, and (b) any other of Borrower's rights (other than the right to any refund ofuneamed premiums paid by Borrower) under all insurance policies covering the Property, insofar as such rights are applicable to the coverage of the Property. Lender rimy use the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the Note 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 Instmnient and shall continue to occupy the Property as Borrower's principal residence for at (cast 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 are beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall nut 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. Borrower 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 10 Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Property ifdamaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in connection with damage to, or the taking u f the Property, Borrower shall be responsible for repairing or restoring the Property only if Lender has released proceeds for such purposes. Lender nay disburse proceeds for the repairs and restoration In a single payment or in a series of progress payments as the work is completed. If the insurance or condemnation proceeds are not sufficient to repair at restore the Property, Borrower is not relieved of Borrower's obligation for the completion of such repair or restoration_ Lender or its agent may make reasonable entries upon and inspections ofthe Property- Ifit has reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender shall give Borrower notice at the time ofor Prior to such an interior inspection specifying such reasonable cause. 8. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, Borrower or any persons or entities acting at the direction of Bon'ower or with Borrower's knowledge or consent gave materially talse, misleading, or inaccurate information or statements to Iznder (or failed to provide Lender with material information) in connection with the Loan. Material representations include, but are not limited to, representations concerning But occupancy of the Property as Borrower's principal residence. 9. Protection of Lender's Interest in the Properly and Rights Under this Security Instrument. If (a) Burrower fails to perform the covenants and agreements contained in this Security Instrument, (b) there is a legal proceeding that might signi fear Fly affect Lender's interest in the Property and/or rights under this Security Insmiment (such as a proceeding in bankruptcy, probate, for condemnation of forfeiture, for enforcement ofa lien which may attain priority over this Security Instrument or to enforce laws or regulations), or (c) Borrower has abandoned the Property, then Lender maydu and pay for whatever is reasonable or appropriate to protect Lender's interest in the Property and falls 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, but arc nut limited to: (a) paying any sums secured by a lien which has priority over this Security Instrument; (b) appearing in court; and (c) paying reasonable attorneys' fees to protect its interest in the Property and/or rights under this Security Instrument, brie l aiding its secured position in a bankruptcy proceed i rig. Securing the Property includes, but is not limited to, entering the Property to make repairs, change locks, replace or board up doors and windows, drain water from pipes, eliminate building or other code violations or dangerous cundilions, and have airlines aimed on m off. Although Lender may take action under this Section 9, Lender does not have to do so and is not under any duly or obligation to do so. It is agreed that Lcndei incurs no liability for not taking any oral] actions authorized under this Section 9. Any amounts disbursed by Iznder ardor this Section 9 shall become t additional debt ement and s secured y this Security Instrument These amounts shall bear interest at the Note rate from doe date of disbursemen [arid shall be payable, with such interest, upon notice from Lender to Borrower requesting payment. Ifflus Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease. If l borrower acquires fee title to the Property, the leasehold and the fee title shall not merge unless Lender agrees to the merger in writing. 10. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of staking the Loan. Rorrowcr shall pay the premiums required to maintain the Mortgage Insurance in effect. If, for any reason, the Mortgage Insurance coverage required by Lender ceases to be available from the mortgage insurer that previously provided such insurance and Borrower was required to make separately designated payments toward the premiums 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 LT Mortgage Insurance previously in effect, from an alternate mortgage insurer selected by Lender. If substarniallyequivalen[ Mortgage Inamance coverage is not available, Bortnwer shall continue to pay, to Lander the amount of the separately desiguated payments that were due when the insurance coverage ceased to be in effect. Lender will accept, use and retain these payments as a nun - refundable loss reserve in lieu of Mortgage Insurance. Such loss reserve shall be non - refundable, notwithstanding the fact that the Loan is ultimately paid in full, and Lender shall not be required to pay Burrower aayinterest or earnings on such loss reserve. Lender cau no longer require Toss reserve payments if Morgage Insurance coverage (in the amount and for the period that I ender requires) ro pvided by an insurer selected by Lender again becomes available, is obtained, and Lendcrrequires sepamtelydesnpnated payments toward the premiuns for Mortgage Insurance_ If Leader rcq aired Mortgage Insurance as a condition ofmakmg the Loat, and Borrower was required to make separately designated payments toward the menna tins for Mortgage Insurance. borrower shall pay the presni ems required to maintain Mortgage Insurance in effect, or to provide an on-refundah le loss reserve, until Lender's requirement for Mortgage Insurance ends in accordance with any written agreement between Borrower and Lender providing for such termination or until termination is required by Applicable Law_ Nothing in tuts Section 10 affects Borrower's obligution to pay interest at the rate provided in the Sole. Mortgage Insurance reimburses Lender (or any entity that purchases the Note) for certain losses it may incur if Borrower does nor repay the Luau as agreed. Borrower is nor a party to the Mortgage Insurance. NEBRASKA — SF,,Ie Family -- Fannie Mae /Freddla Nlaf UNIFORM INSTRI: NIENT Form 3028 1 /011,a,,' I of Npngep s15YC11 0 Np GT21ir FU I ViPN/e live