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<br />Lender may require Borrower tv pay, in connection with this Lvan, either: (a) a one-time charge for flood zone
<br />determination, certification and tracking services; of (b) a one-time charge for flood zone detar7rrinativn and certification
<br />services and subsequent charges each time remappings or similar changes occur which reasonably might affect such
<br />determination or certification. Bonrvwer shall else be responsible for 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 Borrower,
<br />If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at
<br />Lender's vptivn and Borrower's expense. Lender is under no obligation to purchase any particular type or amount of
<br />coverage. Therefore, such coverage shall cover Lender, but might or might not protect Borrower, Borrower's equity in the
<br />Property, or the contents of the Property, against any risk, hazard or liability and might provide greater or lesser coverage
<br />than was previously in effect. Borrower acknowledges that the cost of the insurance coverage so obtained might significantly
<br />exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed by Lenderunder this Section 5 shall
<br />become additional debt of Borrower secured by this Security Instrument, These amounts shall bear itttetest at the Note rate
<br />from the date of disbursement and shall be payable, with such interest, upvn notice from Lender to Borrower requesting
<br />payment.
<br />All insurance policies required by Lender and renewals of such policies shall be subject to Lender's tight to
<br />disapprove such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee and/or as an
<br />additional loss payee. Lender shall have the right to hold the policies and renewal certificates. If Lender requires, Burrower
<br />shal I promptly give to Lender al I receipts of paid premiums and renewal natives. 1 f Borrower obtains any form of insurance
<br />coverage, not otherwise required by Lender, for damage to, or destruction of, the Property, such policy shall include a
<br />standard mortgage clause and shall name Lender as mortgagee and/or as an additional loss payee.
<br />In the event of loss, Borrower shall give prompt notice to the insurance eerier and Lender. Lender maymake proof
<br />of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any insurance proceeds,
<br />whether or not the underlying -nsurance was required by Lender, shall be applied to restoration or repair of the Property, if
<br />the restoration or re air is economically feasible and Lender's security is not lessened. During such repair and restorative
<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. Lender 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 Law requires interest tv be paid
<br />on such insurance proceeds, Lender shall not be required to pay Borrower any interest or earnings on such proceeds. Fees
<br />for public adjusters, or other third parties, retained by Burrower shall nut be paid out of the insurance proceeds and shall be
<br />the sole obligation of Borrower. If the restoration of repair is not economically feasible or Lender's security would be
<br />lessened, the insurance proceeds shall be applied to the sums secured by this Security hrstrument, whether or not then due,
<br />with the excess, if any, paid to Burrower. Such insurance proceeds shall be applied m the order provided fur in Section 2.
<br />if Borrower abandons the Property, Lender may file, negotiate and settle any available insurance claim and related
<br />matters. [f Bnrrvwer dues not respond within 30 days to a notice from Lender that the insurance carrier has offered to senle a
<br />claim, then Lender may negotiate and settle the claim. The 30-day period will begin when the notice is given. In either
<br />event, or ifLender acquires the Property under Section 22 of otherwise, Borrower hereby assigns to Lender (a) Borrower's
<br />rights to any insurance proceeds in an amount not to exceed the amounts unpaid under the Note vt this Security Instrument,
<br />and (b) any other of Borrower's rights (ether 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 then due.
<br />6. Occupancy. Borrower 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 for at least one year after the date
<br />of occupancy, unless Lender otherwise agrees in writing, which evnsent shall not be unreasonably withheld, or unless
<br />extenuating circumstances exist which are beyond Borrower's control.
<br />7. Preservation, Maintenance and Protection of the Property; Inspections. 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 Borrower is residing in the Property, Borrower shall maintain the Property in vrdcr tv
<br />prevent the Property from deteriorating or decreasing m value due to its condition. Unless it is determined pursuant to
<br />Section 5 that repair of testvration is not economically feasible, Borrower shall promptly repair the Property if damaged to
<br />avoid further deterioration or damage. If insurance yr condemnation proceeds are paid in connection with damage tv, yr the
<br />taking of, the Property, Borrower shall be responsible for repairing or restoring the Property only if Lender has released
<br />proceeds for such purposes. Lender may disburse proceeds for the repairs and restoration m a single payment or in a series
<br />of progress payments as the work is completed. If the insurance or condemnation proceeds are not sufficient to repair yr
<br />restore the Property, Borrower is nut relieved of Borrower's obligation for the completion of such repair or restoration.
<br />Lender of tts went may make reasonable entries upvn and inspections of the Property. If it has reasonable cause,
<br />Lender may inspect the interior of the im rovements 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 yr entities acting at the direction of Borrower or with Borrower's knowledge or consent gave
<br />materially False, misleading, or inaccurate information or statements to Lender (vr failed tv provide Lender with material
<br />information) in connective with the Lvan. Material representations include, but are nut limited to, representations concerning
<br />Borrower's occupancy of the Property as Borrower's principal residence.
<br />9. Protection of Lender'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, fib) there is a legal
<br />proceeding that might significantly affect Lender's interest in the Property and/or tights under this SecurtyInstrument (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 yr regulations), or (c) Borrower has abandoned the Property, then Lender
<br />may do and pay for whatever is reasonable or 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/or repairing the
<br />Property. Lender's actions can include, but ate nut 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' fees 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 nut limited to, entering the Property to make repairs, change locks, replace or board up doors
<br />and windows, drain water from pipes, eliminate building or other code violations or dangerous conditions, and have utilities
<br />turned on ar off. Although Lender may take active under this Section 9, Lender does not have tv do so and is not under any
<br />duty or obligation to do so. It is agreed that Lender incurs no liability for not taking any ar 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 date of disbursement and shall be payable,
<br />with such interest, upon notice from Lender to Borrower requesting payment.
<br />if this Security Instrument is on a leasehold, Borrower shall. complywith all the provisions vfthe lease. IfBorrowet
<br />acquires fee title to the Property, the leasehold and the fee title shall not merge unless Lender agrees to the merger in writing.
<br />NEBRASKA--Single Family--Fannie MaelFreddie Mac UNIFORM INSTRUMENT Form 3028 11D1 (page 4 of R pages)
<br />9754.CV (3/09) 6R9R7R24a0 Creative Thinking, Inc.
<br />GOTO(0021 d579)
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