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<br /> 201004970
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<br /> • All insurance policies required-by bender 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
<br /> payee.' Lender shall have the right to hold the policies and renewal certificates- If Lender requires, Borrower shall promptly
<br /> give to Lender all receipts of paid premiums. and renewal notices. If Borrower obtains any form of insurance coverage, not
<br /> otherwise required by Lender, for damage to, or destruction of, the Property, such policy shall include a standard mortgage
<br /> 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 carrier and Lender. Lender may make proof of loss
<br /> if not' made promptly by Borrower; Unless Lender and Borrower otherwise agree in writing, any insurance proceeds, whether
<br /> or not the underlying insurance was required by Lender, shall be applied to restoration or repair of the.. Property,.; i£ the.
<br /> restoration or'reptir is econoftucally` feasible-and Lender's security, is not lessened. During such.repair:and restoration, period, `
<br /> Lender shall have the right toAh,bld such • insurance • proceeds until Lender has had an opportunity. to inspect. such Property Jo,,
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<br /> ensure' the work has been 'completed to, Lender's satisfaction, • provided that sdch inspection shall, be undertaken promptly. l
<br /> Lender may disburse proceeds. for the- repairs and restoration id a. single payment or in a series of progress payments • as The
<br /> work is completed. Unless, an agreement is made in writing or Applicable: Law requires interest to be paid on such insurance
<br /> proceeds, Lender shall not be required to pay Borrower any interest or eamings on such proceeds, Fees for public adjusters, ~
<br /> or other :third parties, retained,,by Borrower-;shall not be paid out of:the insurance proceeds and shall.be.the sale obligation of:.,
<br /> Borrower. If the restoration or repair is not economically feasible or Lender's. security would-.be lessened, the insurance-
<br /> proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any,-
<br /> paid. to Borrower. Such insurance proceeds shall be applied in the order provided for in Section 2,.. -
<br /> If Borrower abandons the Ptopbrty; Lender may file, negotiate and•settle. any available insurance, claim and related matters.
<br /> If Borrower does not respond' within 30 days to a notice from Lender that the insurance carrier has offered to settle a claim, .
<br /> 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, undei, Section 22 or otherwise, Borrower hereby assigns to Lender. (a) Borrower's rights to any .
<br /> insurance proceeds in an amount. not ,to:.exceed the amounts„ unpaid under the Note or this. Security. Instrument, and (b) any,
<br /> other of Borrower's.rights (other .than the right to. any refund of unearned premiums paid by Borrower) under all insurance-
<br /> policies .covering the. Property, insofar as such rights are applicable to the coverage of the Property. Lender may use the
<br /> 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 60 days
<br /> after the execution of this Security Instrument and shall continue to occupy the Property. as Borrower's principal residence for
<br /> at least one year after the date of occupancy, unless Lender otherwise agrees in writing,. which consent. shall not be
<br /> unreasonably 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 impair-
<br /> 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 deteri orating or decreasing in value due to
<br /> its condition. Unless it is determined pursuant. to. Section 5 that repair or restoration is not economically feasible, Borrower.
<br /> shall promptly repair the. Property 'if damaged to avoid further deterioration or damage. If insurance or, condemnation. proceeds .
<br /> are paid in connection with damage to, or. the taking .of, the Property, Borrower shall be responsible for repairing or restoring
<br /> the Property only . if.Lender has released proceeds for such purposes.. Leader may disburse proceeds for the repairs -and
<br /> restoration in a single payment or in 'a series of progress payments as the work is completed. If the insurance or condemnation
<br /> proceeds are not sufficient to, repair. or • restore the Property, Borrower is not relieved of Borrower's obligation for the
<br /> 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
<br /> an 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, j
<br /> misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material information) in
<br /> connection with the Loan. Material representations include, but are not limited to, representations concerning Borrower's
<br /> occupancy of the Property as Borrower's principal residence.
<br /> NEBRASKA -Single Family -Fannie Mae/Freddie Mac UNIFORM INSTRUM@NT
<br /> (0N (0011) Page 6 of 14 Initials:
<br /> 0 Form 3028 1101
<br /> DMN69
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<br /> IIIIIIIIII~IIII~IIIIIIIIIIIIIIIIIIIIIIIIIIIIINIIIILIIIIIIIIIIIIIIII~
<br /> OODONE9622306
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