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<br />200704300
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<br />450702999
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<br />payable, with such interest, upan natice from Lender to. Barrawer requesting payment.
<br />All insurance palicies required by Lender and renewals af such palicies shall be subject to. Lender's right to. disapprove
<br />such palicies, shall include a standard martgage clause, and shall name Lender as martgagee and/ar as an additianal lass payee.
<br />Lender shall have the right to. hald the palicies and renewal certificates. If Lender requires, Barrawer shall promptly give to. Lender
<br />all receipts af paid premiums and renewal natices. If Barrawer abtains any farm af insurance caverage, nat atherwise required by
<br />Lender, far damage to., ar destructian af, the Property, such palicy shall include a standard martgage clause and shall name Lender
<br />as martgagee and/ar as an additio.nallass payee.
<br />In the event af lass, Barro.wer shall give prampt natice to. the insurance carrier and Lender. Lender may make proo.f af lass
<br />if nat made pramptly by Barrawer. Unless Lender and Barrawer atherwise agree in writing, any insurance proceeds, whether ar
<br />no.t the underlying insurance was required by Lender, shall be applied to. restaratio.n o.r repair af the Praperty, if the restaratian ar
<br />repair is ecanamically feasible and Lender's security is nat lessened. During such repair and resto.ratio.n periad, Lender shall have
<br />the right to. hald such insurance praceeds until Lender has had an o.ppartunity to. inspect such Property to. ensure the wark has been
<br />campleted to. Lender's satisfactian, provided that such inspectian shall be undertaken pramptly. Lender may disburse proceeds far
<br />the repairs and restaratian in a single payment or in a series o.fpragress payments as the wark is campleted. Unless an agreement is
<br />made in writing ar Applicable Law requires interest to. be paid an such insurance praceeds, Lender shall nat be required to. pay
<br />Barrawer any interest ar earnings an such praceeds. Fees far public adjusters, ar ather third parties, retained by Barrawer shall nat
<br />be paid aut o.f the insurance praceeds and shall be the sale abligatian af Bo.rrawer. If the restaratian ar repair is nat ecanamically
<br />feasible or Lender's security wauld be lessened, the insurance praceeds shall be applied to. the sums secured by this Security
<br />Instrument, whether ar nat then due, with the excess, if any, paid to. Barro.wer. Such insurance praceeds shall be applied in the
<br />arder provided for in Sectian 2.
<br />If Barro.wer abando.ns the Praperty, Lender may file, negatiate and settle any available insurance claim and related
<br />matters. If Barrawer daes nat respand within 30 days to. a natice fram Lender that the insurance carrier has o.ffered to. settle a
<br />claim, then Lender may negatiate and settle the claim. The 3D-day periad will begin when the natice is given. In either event, ar if
<br />Lender acquires the Property under Sectio.n 22 o.r atherwise, Barrawer hereby assigns to. Lender (a) Barrawer's rights to. any
<br />insurance proceeds in an amaunt nat to. exceed the amo.unts unpaid under the Nate ar this Security Instrument, and (b) any ather o.f
<br />Bo.rro.wer's rights (ather than the right to. any refund af unearned premiums paid by Barrawer) under all insurance palicies
<br />cavering the Praperty, insafar as such rights are applicable to. the co.verage. af the Property. Lender may use the insurance praceeds
<br />either to. repair ar restare. the Property ar to. pay amaunts unpaid under the Nate ar this Security Instrument, whether ar nat then
<br />due.
<br />6. Occupancy. Barrawer shall accupy, establish, and use the Praperty as Barrawer's principal residence within 60 days
<br />after the executian of this Security Instrument and shall cantinue to. accupy the Property as Barrawer's principal residence far at
<br />least ane year after the date af accupancy, unless Lender atherwisc agrees in writing, which cansent shall nat be unreasanably
<br />withheld, ar unless extenuating circumstances exist which are beyand Barrawer's cantrol.
<br />7. Preservation, Maintenance and Protection of the Property; Inspections. Barrawer shall nat destray, damage ar
<br />impair the Property, allaw the Property to. deteriarate ar cammit waste an the Property. Whether ar nat Barrawer is residing in the
<br />Praperty, Barrower shall maintain the Property. in order to. prevent the Property fram deteriarating ar decreasing in value due to. its
<br />candition. Unless it is determined pursuant to. Sectian 5 that repair ar restaratian is nat ecanamically feasible, Barrawer shall
<br />pramptly repair the Praperty if damaged to. avaid further deteriaratian ar damage. If insurance ar candemnatian praceeds are paid
<br />in connection with damage to., ar the taking af, the Property, Barrawer shall be responsible far repairing ar restaring the Property
<br />anly if Lender has released praceeds far such purpases. Lender may disburse proceeds far the repairs and restaratian in a single
<br />payment ar in a series af progress payments as the wark is campleted. Ifthe insurance ar candemnatian proceeds are nat sufficient
<br />to. repair ar restare the Praperty, Barrawer is nat relieved afBarrawer's abligatian far the campletian af such repair ar restaratian.
<br />Lender ar its agent may make reasanable entries upan and inspectians af the Property. If it has reasanable cause, Lender
<br />may inspect the interior of the improvements an the Property. Lender shall give Borrawer notice at the time af or prior to. such an
<br />interiar inspectian specifying such reasonable cause.
<br />8. Borrower's Loan Application. Barrawer shall be in default if, during the Laan applicatian pracess, Barrawer ar any
<br />persans ar entities acting at the directian afBarrawer or with Barrawer's knawledge ar cansent gave materially false, misleading,
<br />ar inaccurate infarmatian ar statements to. Lender (ar failed to. pravide Lender with material infarmatian) in cannectian with the
<br />Laan. Material representatians include, but are nat limited to., representatio.ns cancerning Barrawer's accupancy af the Praperty as
<br />Barrawer's principal residence.
<br />9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. If (a) Barrawer fails
<br />to. perf arm the co.venants and agreements cantained in this Security Instrument, (b) there is a legal proceeding that might
<br />significantly affect Lender's interest in the Praperty and/o.r rights under this Security Instrument (such as a praceeding in
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<br />NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br /><{fui> 338 Page 5 of J J
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<br />Form 3028 lIO 1
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