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200702602 one-time charge for flood zone determination, certification and tracking services; or (b) a one-time charge for tlood zone determination and certification services and subsequent charges each time remappings or similar changes occur which reasonably might affect such determination or certification. Borrower shall also be responsible for the payment of any fees imposed by the Federal Emergency Management Agency in connection with the review of any flood zone determination resulting from an objectIOn by Borrower. If Borrower fails to maintain any ofthe coverages described above, Lender may obtain insurance coverage, at Lender's option and Borrower's expense. Lender is under no obligation to purchase any particular t)'pe or amount of coverage. Therefore, stich coverage shall cover Lender, but mi,ght 01' might not protect Borrower, Borrower's equity in the Property, or the contents ofthe Property, against any rISk, hazard 01' liability and might provide greater or lesser covera~e thun wus previously in eflecL Borrower acknowledges that the cost ofthe insurance coverage so obtained might significant Iy exceed the cost ofinsurnnce that BorrowC,lI' could have obtuined, Any Amounts disbursed by Lemler under this Section 5 shall become additional debt of Borrowcl' secured by this Security Instrument. These amounts shall bear interest at the Note rate from the dute ofdisburscmcnt and shall be payable. with such interest, upon notice from Lender to Borrower requesting payment. All insurancc policies required by Lender and renewals of such policies shall be subject to Lender's right to disapprove such policies, shull include a standard mortgage clause, ami shall name Lender as 1110ltgagce and/or as an additIOnal loss payee. Lender shall have the ri~t to hold the policies and renewal certificates, If Lender requires, Borrower shall promptly give to Lender all receIpts of paid premiums and renewal notices. If Borrower obtains any form of insurance coverage, not otherwise reqlllred by Lender, for dUl11age to, or destruction 01; 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. Lender may make proof of loss ifnot made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any insurance proceeds, whether or not the underlying insurance was required by Lender, shall be applied to restoration or repair ofthe Property, ifthe 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 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 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 mterest to be paid on such insurance proceeds, Lender 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 ofthe insurance proceeds and shall be the sole 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, if any, 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 c1nim. 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 hel'eby assigns to Lender (a) Borrower's rights to any lI1surance proceeds in nn amount not to exceed the amounts unpaid under the Note or tillS Security Instrument, and (b) any other of Borrower' s rights (other than the right to uny re/Llnd of unearned premiums paid by Borrower) under all insurance policies covering the Property, insofar as such rights are applicable to the coverage on he Property. Lender may use the insurance proceeds either to repuir 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 ofthis Security Instrument and shall cOIltinu.e to occupy the Property as Borrower's principal residence /br 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 are beyond Borrower's control. 7, Preset'vatlon, Maintenance and Protection of the Property; Inspcctions. 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, 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 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, or the taking of, the Property, Borrower shall be responsib Ie for repairing or restoring the Proper~ only if Lender has released proceeds for such purposes, Lender may 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 or 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 ofthe improvements on the Property, Lender shall give Borrower notice at the time of or prior to such an interior inspection specifYing such reasonnble cause, 8. Borrowcr's Loan Application. Borrower shall be in delault if, during the Loanllpplication process, Borrower or any persons or entities acting at the direction of Borl'Ower 01' with Borrower's knowledge or consent gave materially false, misleading. or inaccurate informntion or statell1ents to Lender (or failed to provide Lender with material information) in connection with the Loan. Material representations include, but lire not limited to, representations concel'lling Borrower's occupancy of the Property liS Borrower's principal residence. 9. Pt'otcctlun ufLcndcr's Interest in the Property and Itlghts Under this Security In!llt'ument. If (a) Borrower fails to \)erlllflll the covenants and agreements contained in this Security Instrument. (b) there is a le~al proceeding that mig 1t signilicllntly aflect Lender's interest in the Property and/ol' rights under this Secul'lty Instrument (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for enlorcement ofa lien which may aHain priority ovcr this Security Instrumcnt or to enforcc laws or regulutions). 01' (c) Borrower has abandoned the Property, then Lender may do and pay for whatever is l'casonable or nppropl'late to pl'Otect Lender's interest in the Property and rights under this Security Instrument, includin~ protecting and/or assessing the value of the Property, and secul'ing and/or repairing the Property, Lender's uctlOns can include, but lire not limited to: (a) paying any sums secured by a lien which has priority over this Security Instrument; (b) appcaring in court; and (c) paying reasonable attorneys' fees to protect its interest in the Property and/or rights under this Security Instrument, including its secured position 111 a bankruptcy proceeding. 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 conditions, and have utilities turned on or off. AlthoushLender may take action under this Section 9, Lender does not have to do so and is not under any duty or obligatton to do so. It is agreed that Lender incurs no liability for not taking any or all actions authorized under this Section 9. NEBRASKA--Single Family-Fannie Mae/Freddie Mac UNU'DRM INSTRUMENT Form 3028 1/01 (page 4 of8 pages) 17213.CV (3/06) 01-2] 12 Creative Thinking, Inc, \\ttJ GOTO(OOOba70)