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200900746 Lender may require Borrower to pay, in connection with th!S Loan, either: (a) a onewtime. ch~ge for f10~ ZC!ne determination certification and tracking services; or (b) a one.tune charge for flood zone determmation l!Dd certification services and subsequent charges each time remappings or s~i1ar changes occur which reaso~ably mIght affect such determination or certification. Borrower shall also be responsIble for the payment o~ any, fees lmp'osed by the F.ede;al Emergency Management Agency in connection with the revIew of any flood zone determmation resulting from an objection by Borrower. . . If Borrower fuils to maintain any of the 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 typ~ or ~ol!Ilt of coverage Therefore such coverage shall cover lender, but might or mi~ not protect Borrower, Borrower s eqUIty m the Property: or the cont~nts of the Property, against any risk, hazard or lial:itl,ity and might provide W'OO:ter or !esse! cl?verage than was previously in effect Borrower acknowledges that.the cost of the mslJ1'a!lce coverage so obtained~ght sl~ificantly exceed the cost of insurance that Borrower could have obtamed. Any amounts dISbursed by Lender~derthis Section 5 shall become additional debt of Borrower secured by this Security Instrument. These amounts shall bear mterest at the Note mte from the date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment. . . . Le d ' 'gh All insurance policies required by Lender and renewals of such pOhC1es shall be subject to n er s n t to disapprove such policies, shall include a standard mortgage c.lR?se, and shall nam~ Lender as mortgagee. andlor as an additIonal loss payee. Lender shall have the ri~t to ho)d the pohCles and re~ewal certificates. If~nder reqUIres, ~rrower shall promptly give to Lender all receipts of paid premlUms and renewal n?oces. If Borrower obtams an~ form of ~ce coverage not otherwise required by Lender, for damage to, or destructton ot: the Property, such policy shall mclude a standard ~ortgage clause and shall name Lender as mortgagee and/or as an additional loss payee. In the event ofloss, Borrower shall give prompt notice to the insuranc<: carrier 8!ld ~~der. l.en~rmaymake proof ofloss ifnot made promptly by Borrower. Unless Lender and Borrower otherwise agree m wrIting, any msurance proceeds, whether or not the underlymg insurance was required by Lender, shall be applied to restoration or repair of the Property, if the restoration or rerair is econ?micalIy feasible ~d Lender's security i~ not lessened. During such rep~ir an~ restoration period Lender shal have the nght to. hold such msurance proceeds untll Lender has had an opportunity to mspect such Property to ensure the work has Geen 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 pa}ment or in a series of progress payments as the work 1S completed. Unless an agreement is made in writing or Applicable Law requires interest 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 of the insurance proceeds and shall be the sole obligation of Borrower. lfthe 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, lilnder 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 30wday period will begin when the notice is given. In either 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 of unearned premiums paid by Borrower) under all insurance policies covering the Property, insowas such rights are applicable to the coverage of the Property. Lender may 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 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 are beyOnd Borrower's control. 7, Preservation, Maintenance and Protection ofthe 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, Borrower shall maintain the Property in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is determmed 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. Ifinsurance or condemnation proceeds are paid in connection with damage to, orthe taking of; the Property, Borrower shall be responsible for repairing or restoring the Property 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 a&ent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender may inspect the mterior of the imp~ovements on the Property. Lender shall give Borrower notice at the time of or prior to such an interior inspection specitying such reasonable cause. 8. Borrower's Loan Application. Borrower shall be in defiwlt if, during the Loan application process, Borrower or any persons or entities actin& at the direction of Borrower or with Borrower's knowledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or fitiled to provide Lender with material information) in connection with the Loan. Material repre~e~tations }Dclude, but are not limited to, representations concerning Borrower's occupancy of the Property as Borrower's prmclpal residence. 9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. If (a) Borrower fails to perform the covenants and agreements contained in this Security Instrument, (b) there is a leO"al proceeding ~at I?ight significantly affect Lender's interest in the Property andlor rights under this Seemty Instrument (s~ch as a proceedill& ill oankruptcy, probate, fur 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 Lender 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 Pr.operty. ~nder' s actions can inclu~e, b!lt are not limited to: (a) paying any sums secured by a lien which has priority over thIS SecurIty Instrument; (b) appearm~ In court; and (c) paYIn~ reasonable attorneys' fees to protect its interest in the Property and/or rights under th1S Security Instrument, including Its secured position in a bankroptcy proceeding. Securing the Pr!>perty inclu.oes, but is not !imited .to,. entering t!te Property to mak;e repairs, change locks, reP.I~e or board up doors and wmdows, dram water from pipes, ellmmate .buildmg or ?ther code vlOlations or dangerous condltlOns, and have utilities turned on or off. Although Lender may take acnon under tIllS Section 9, Lender does not have to do so and is not under any duty.or obligation to do so. It is agreed that Lender incurs no liability for not taking any or all actions authorized under this SectIOn 9. Any amounts disbursed by Lender under this Section 9 shall become additional debt ofBorrower secured by this Sc;curity ~strument. These ~ounts shall bear interest at the Note rate from the date of disbursement and shall be payable, WIth such mt~rest, upon notICe from Lender to Borrower requesting payment. . Ifth~s Security Instrwnent is on a leasehold, BOTr<?wer shall comply with all the provisions of the lease. IfBorrower acqUIres fee tItle to the Property, the leasehold and the fee title shall not merge unless Lender agrees to the merger in writing. NEBRASKA-Single Family-Fannie MaefFrcddle Mae UNIFORM INSTRUMENT 9754.CY (1/08) 4300101223 FQrm 3028 1101 (page 4 018 pages) Creative ThiDkinj:, IDe. GQTQ(OOId32tb) \.