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X00905183
<br />Lender may require Borrower to pay, in connection with this Loan, either: (a) a one-time charge for flood zone
<br />determination, certification and tracking services; or (b) a one-time charge for flood zone determination and certification
<br />services and subsequent charges each time remappings or similar changes occur which reasonably might affect such
<br />determination or certification. Borrower shall also be responsible fvr the payment of any fees imposed by the Federal
<br />Emergency Management Agency in connection with the review of any flood zone determination resulting from an objection
<br />by Bon ower.
<br />If Borrower fails tv maintain any of the coverages described above, Lender may obtain insurance coverage, at
<br />L.ender's option and $on ower's expense. Lander is under no obligation to purchase any particular type or amount of
<br />coverage. Therefore, such coverage shall cover Lender, but might or might eat prvtect Borrower, Borrower's equity in the
<br />Property, ar the contents of the Property, against any risk, hazard or liability and might provide greater yr lesser coverage
<br />than was previously in effect. Borrower acknowledges that the cost of the insurance coverage so vbtamed might significantly
<br />exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed by Lender under this Secton 5 shall
<br />become additional debt of Bon ower secured by this Security Instrument. These amounts shall bear interest at the Nole rate
<br />from the date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting
<br />payment.
<br />All insurance policies reqquired by Lender and renewals of such policies shall be subject to Lender's right to
<br />disapprove such policies, shall include a standard mortgage clause, and shall name Lander as mortgagee and/or as an
<br />additional loss payee. lender shall Nava the right to hold a policies and renewal certificates. If Lander requires, Borrower
<br />shall promptly give tv Lender all receipts of paid premiums and renewal notices. If Borrower obtains any form of insurance
<br />coverage, not otherwise required by Lander, for damage tv, ar destruction af, the Property, such policy shall include a
<br />standard mortgage clause and shall name Lender as martgagec acrd/or as an additional loss payee.
<br />In the event of loss, Borrower shall give promppt notice to the insurance carrier and Lender. Landermay make proof
<br />of loss if not made promptly by Borrower. Unless I.,ender and 13arrawer otherwise agree in writing, any insurance procc;cxls,
<br />whether or not the underlying insurance was required by bender, shall be applied to restoration or repair of the Property, if
<br />the restoration yr repair is economically feasible and Lender's security is not lessened. During such repair and restoration
<br />period, Lender shall have the right to hold such insurance proceeds until Lender has had an opportunity to inspect such
<br />Property to ensure the work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken
<br />promptly. Lander may disburse proceeds for the repairs and restoration in a single payment or in a series of progress
<br />payments as the work is completed. Unless an agreement is made in writing or Applicable baw requires interest to be ppaid
<br />on such insurance proceeds, Lander shall not be required to pay Borrower any interest nr earnings on such proceeds. I~'ees
<br />for public adjusters, or other third parties, retained by Borrower shall not be paid out of the insurance proceeds and shall be
<br />the sole obligation of Borrower. If the restoration or repair is not economically feasible yr Lender's security would be
<br />lessened, the insurance proceeds shall be applied to the sums secured by this Security Instnunent, whether or not then due,
<br />with the excess, if any, paid to Borrower. Such insurance proceeds shall be applied m the 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 dons not respond within 30 days to a notice from Lander that the insurance carrier has offered to settle a
<br />claim, than bender may negotiate and settle the claim. The 30-day period will begin when the notice is given. In either
<br />event, or if Lender acquixes the Property under Section 22 ar otherwise, Hvirowar hereby assigns to Lender (a) Bvrrower's
<br />rights to any insurance proceeds in an amount not to exceed the amounts unpaid under the Note or this Security Instnarnent,
<br />and (b) any other of Borrower's rights (other than the right to any refund of unearned premiums paid by Borrower) under all
<br />insurance policies covering the Property, insofar as such rights are applicable to the coverage of the Property. Lender may
<br />use the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the Note or this Security
<br />Instrument, whether or not than due.
<br />6. Occupancy. $arrower shall occupy, establish, and use the Property as Borrower's principal residence within
<br />60 days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower's principal
<br />residence fvr at least one year after the date
<br />of occupancy, unless Lender otherwise agrees in writing, which consent shall not ba unreasonably withheld, ar unless
<br />extenuating circumstances exist which are beyond Borrower's control.
<br />7. Preservation, Maintenance and Protection of the Property; Inspcetivns. Borrower shall not destroy,
<br />damage or impair the Property, allow the Property to deteriorate or commit waste
<br />on the Property. Whether or not F3arrower is residing in the Property, Borrower shall maintain the Property in order tv
<br />prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to
<br />Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to
<br />avoid further deterioration or damage. If insurance or condemnation proceeds are paid in connection with damage to, or the
<br />taking of, the Property, Harrower shall be responsible far repairing or restoring the Property only if Lender has released
<br />proceeds far such purposes. Lender may disburse proceeds far the repairs and restoration in a single payment or in a series
<br />of progress payments as the work is completed. If the insurance or condemnation proceeds era not sufficient to repair or
<br />restore the Property, Horrower is not relieved of Borrower's obligation far the completion of such repair ar restoration.
<br />Lender or its agent may make reasonable entries upon and inspections of the Property, If it has reasonable cause,
<br />bender may inspect the interior of the improvements on the Property. Lender shall give Borrower notice at the time of or
<br />prior to such an interior inspection specifying such reasonable cause.
<br />8. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process,
<br />Borrower or any persons or entities acting at the direction of Borrower or with Borrower's knowledge or consent gave
<br />materially false, misleading, or inaccurate information or statements tv Lender (vr failed tv provide Lender with material
<br />information) in connection with the Loan. Material representatives include, but era not limited to, representations concerning
<br />Borrower's occupancy of the Property as Borrower's principal residence.
<br />9. Protection of Landar's Interest in the Property and Rights Under this Security Instrument. If
<br />(a) Borrower fails to perform the covenants and agreements contained in this Security Instrument, (b) there is a legal
<br />proceeding that might significantly affect Lender's interest in the Property and/or rights under this 5ecunty Inshtiunent (such
<br />as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for enforcement of a lien which may attain priority
<br />over this Security Instrument or to enforce laws or regulations), or (c) Forrower has abandoned the Property, then Lender
<br />may do and pay fvr whatever is reasonable ar appropriate to protect Lender's interest in the Property and rights under this
<br />Security Instrument, including protecting and/or assessing the value of the Property, and securing and/ar repairing the
<br />Property. Lender's actions can include, but are not limited to: (a) paying any sums secured by a lien which has priority over
<br />this Security Instrument; (b) appearing in court; and (c) paying reasonable attorneys' fens to protect its interest in the
<br />Property and/or rights under this Security Instrument, including its secured position in a bankruptcy proceeding. Securing
<br />the Property includes, but is eat limited to, enterin the Property to make repairs, change locks, replace or board up doors
<br />and windows, drain water from pipes, eliminate building yr other code violatons or dangerous conditions, and have utilities
<br />turned on or off. Although Lender may take active under this Section 9, Lender dons not have to do so and is not under any
<br />duty or obligation to do sn. It is agreed that Lander incurs no liability for not taking any or all actions authorized under this
<br />Section 9.
<br />Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower secured by this
<br />Security Instrument. These amounts shall bear interest at the Note rate from the data of disbursement and shall be payable,
<br />with such interest, upon notice from Lender tv Hvrrower requesting payment.
<br />If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions afthe lease. If Borrvwc,~r
<br />acquires fee title to the Property, the leasehold and the fee title shall not merge unless Lander agrees to the merger in writing.
<br />NEBRASKA--Single Family-Fannie Mae/Freddie Mac UNIFUKM INSTRUMENT Form 3028 t/01 (page 4 of 8 ppgesJ
<br />9754.CV (3/09) 004-306-534 Creative'I'hinking, Inc.
<br />CrOTO(OOOe541 a)
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