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<br />200709781
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<br />HOEKEJt1STIN
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<br />the Property, against any risk, hazard or liability and might provide greater or lesser coverage than was previously in effect.
<br />Borrower acknowledges that the cost of the insurance coverage so obtained might significantly exceed the cost of insurance that
<br />Borrower could have obtained. Any amounts disbursed by Lender under this Section 5 shall become additional debt of Borrower
<br />secured by this Security Instrument. These amOlll1ts shall bear interest at the Note rate from the date of disbursement and shall be
<br />payable, with such interest, upon notice from Lender to Borrower requesting payment.
<br />All insurance policies required by Lender and renewals of such policies shall be subject to Lender's right to disapprove
<br />such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee and/or as an additional loss payee.
<br />Lender shall have the right to hold the policies and renewal certificates. If Lender requires, Borrower shall promptly give to Lender
<br />all receipts of paid premiums and renewal notices. If Borrower obtains any form of insurance coverage, not otherwise required by
<br />Lender, for damage to, or destruction of, the Property, such policy shall include a standard mortgage clause and shall name Lender
<br />as mortgagee and/or as an additional loss payee.
<br />In the event ofloss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof ofloss
<br />if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any insurance proceeds, whether or
<br />not the underlying insurance was required by Lender, shall be applied to restoration or repair of the Property, if the restoration or
<br />repair is economically feasible and Lender's security is not lessened. During such repair and restoration period, Lender shall have
<br />the right to hold such insurance proceeds until Lender has had an opportunity to inspect such Property to ensure the work has been
<br />completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse proceeds for
<br />the repairs and restoration in a single payment or in a series of progress payments as the work is completed. Unless an agreement is
<br />made in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not be required to pay
<br />Borrower any interest or earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Borrower shall not
<br />be paid out of the insurance proceeds and shall be the sole obligation of Borrower. If the restoration or repair is not economically
<br />feasible or Lender's security would be lessened, the insurance proceeds shall be applied to the sums secured by this Security
<br />Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the
<br />order provided for in Section 2.
<br />If Borrower abandons the Property, Lender may file, negotiate and settle any available insurance claim and related
<br />matters. If Borrower does not respond within 30 days to a notice from Lender that the insurance carrier has offered to settle a
<br />claim, then Lender may negotiate and settle the claim. The 30-day period will begin when the notice is given. In either event, or if
<br />Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights to any
<br />insurance proceeds in an amOlll1t not to exceed the amOlll1ts unpaid under the Note or this Security Instrument, and (b) any other of
<br />Borrower's 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 are applicable to the coverage of the Property. Lender may use the insurance proceeds
<br />either to repair or restore the Property or to pay amounts unpaid under the Note or this Security Instrument, whether or not then
<br />due.
<br />6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within 60 days
<br />after the execution of this Security Instrument and shall continue to occupy the Property as Borrower's principal residence for at
<br />least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be umeasonably
<br />withheld, or unless extenuating circumstances exist which are beyond Borrower's control.
<br />7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or
<br />impair the Property, allow the Property to deteriorate or commit waste on the Property. Whether or not Borrower is residing in the
<br />Property, Borrower shall maintain the Property in order to prevent the Property from deteriorating or decreasing in value due to its
<br />condition. Unless it is determined pursuant to Section 5 that repair or restoration is not economically feasible, Borrower shall
<br />promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid
<br />in connection with damage to, or the taking of, the Property, Borrower shall be responsible for repairing or restoring the Property
<br />only if Lender has released proceeds for such purposes. Lender may disburse proceeds for the repairs and restoration in a single
<br />payment or in a series of progress payments as the work is completed. If the insurance or condemnation proceeds are not sufficient
<br />to repair or restore the Property, Borrower is not relieved of Borrower's obligation for the completion of such repair or restoration.
<br />Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender
<br />may inspect the interior of the improvements on the Property. Lender shall give Borrower notice at the time of or prior to such an
<br />interior inspection specifying such reasonable cause.
<br />8. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, Borrower or any
<br />persons or entities acting at the direction of Borrower or with Borrower's knowledge or consent gave materially false, misleading,
<br />or inaccurate information or statements to Lender (or failed to provide Lender with material information) in connection with the
<br />Loan. Material representations include, but are not limited to, representations concerning Borrower's occupancy of the Property as
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<br />NEBRASKA-- Single Family --Fannie MaelFreddie Mac UNIFORM INSTRUMENT
<br />@) 338.25 Page 5411
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<br />Form 3028 1101
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