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2010073E0 connection with this Loan. 5. Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property insured against loss by fire, hazards included within the term "extended coverage," and any ether hazards including, but not limited to, earthquakes and flpods, for which Lender requires insurance. This insurance shall be maintained in the amounts (including deductible levels) and for the periods that Lender requires. What Lender requires pursuant to the preceding sentences can change during the term of the Lnan. The insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's right to disapprove Borrower's choice, which right shall not be exercised unreasonably. Lender may require Borrower to pay, in connection with this Loan, either: (a) a one-time charge for flood zone determination, certification and tracking services; or Ib- a one-time charge for flood zone determination and certification services and subsequent charges each time remappings nr similar changes occur which reasonably might affect such determination or certification, Borrower shalF also be responsible for the payment of any fees imposed by the Federal Emergency Management Agency in connection with the review pf any flood zone determination resulting from an objection by Borrower. If Borrower fails to maintain any of the coverages described above, Lender may pbtain insurance coverage, at Lender's option and Borrover's expense. Lender is under no obligation to purchase any particular type pr amount of coverage. Therefore, such peverage shall cover Lender, but might or might not protect Borrower, Borrower's equity in the Property, or the contents of the Property, against any risk, hazard yr liability and might provide greater or lesser coverage than was previously in effect. Borrower acknowledges that the cost of the insurance coverage so obtained might significantly exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed 6y Lender under this Section 5 shall become additional debt of Borrower secured by this Security Instrument. These amounts shall bear interest at the Note rate from the date of disbursement and shall be payable, with such interest, upon nptipe from Lender to Borrower requesting payment. All insurance policies required by Lender and renewals of such policies shall be subject to Lender's right to disapprove such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee and/or as an additional loss payee. Lender shall have the right to hold the policies and renewal certificates. If Lender requires, Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any form pf insurance coverage, not otherwise required by Lender, far damage to, or destruction nf, the Property, such policy shall include a standard mortgage clause and shall name Lender as mortgagee and/or as an additional less payee. In the event of loss, Borrower"Sh'~il"give'pr'ompt riotlce"to 'the nsurahoe'car~P ariti-L'endel': 'Lerider may'~iiake proof of Itfs§ if'nof made promptly by Borrower. Unless Lender end Borrower otherwise agree in writing, any insurance proceeds, whether pr not the underlying insurance was required by Lender, shall be applied to restoration or repair of the Property, if the restoration pr repair is economically feasible and Lender's security is not lessened. During such repair and restoration period, Lender shalt have the right to hold such insurance proceeds until Lender has had an opportunity to inspect such Property to ensure the work has been 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 payment nr in a series of progress payments as the work is completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid pn such insurance proceeds, Lender shall not be required tp 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. If the restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be applied tp 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, Lender 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 30-day 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 Lander (a) Borrower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid under the Nota pr this Security Instrument, and Ibl any other vf'8vrrower's rights (other than the right to any refund of unearned premiums paid by Borrower) under all insurance policies covering the Property, insofar as such rights are applicable to the coverage of the Property. Lender may use the insurance proceeds either to repair or restore the Property yr 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 Protec#ion of the Property; Inspections. Borrower shall opt 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 determined pursuant to Section 5 that repair or restore#ion is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration pr damage. If insurance or condemnation proceeds are paid in connection with damage to, pr the taking of, the Property, ,Borrower shall be responsible for repairing or restoring the Prdpe'rty orily'if' Lentfer has released proceeds for `each pUrpbses. Lander may disburse proceeds for the repairs and restore#ion in a single payment pr in a series pf progress payments as the work is completed. If the insurance or condemnation proceeds era not sufficient tp repair or restore the Property, Borrower is not relieved of Borrower's obligation for the completion of such repair or restoration. Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender shall give Borrower notice at the time of pr prier to such an interior inspection specifying such reasonable cause. 8. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, Borrower nr any persons or entities acting at the direction of Borrower or with Borrower's knowledge or consent gave materially false, misleading, nr inaccurate information or statements to Lender for failed to provide Lender with material ihformation) in connection with the Loan. Material representations include, but are no# limited tp, representations concerning Borrower's occupancy of the Property as Borrower's principal residence. 9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. If lal Borrower fails to perform the covenants and agreements contained in this Security Instrument, Ib- there is a legal proceeding' that might significantly affect Lender's interest in the Property and/or rights under this Security Instrumen# Isuch as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for enforcement of a lien which may attain priority aver this Security Instrument nr to enforce laws or regulations, or Ic) 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 Property. Lender's actions can include, but are hot limited to: la- paying any sums secured by a lien which has priority over this Security Ins#rument; lbl appearing in court; and (c) paying reasonable attorneys' fees to protect its interest in the Proper#y and/pr rights under this Security Instrument, including its secured position in a bankruptcy proceeding. Securing the Property includes, but is not limited to, entering the Property to make repairs, change locks, replace nr board up doors and windows, drain water from pipes, eliminate building or other code violations yr dangerous conditions, and have utilities turned on or off. Although Lender may take action under this Section 9, Lender does not have tp dp sv and is opt under any duty yr obligation tv dv sv. It is agreed that Lender incurs np liability for opt taking any or all actions authorized under this Section 9. Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower secured by this Security Instrument. These amounts shall bear interest at the Note rate from the date of disbursement and shall be payable, with such interest, upon notice from Lender tp 8vrrpwer requesting payment. It this Security Instrument is qn a. leasehold,, Borrower shall comply with, all the provisions of the lease. If Borrower acquires fee title_ to the Property, the leasehold and the fee title shall not merge unless Lender agrees to the merger in writing. 10. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan, Borrower shall pay the premiums required to maintain the Mortgage Insurance in effect. If, for any reason, the Mortgage Insurance coverage required by Lender ceases to be available from the mortgage insurer that previously provided such insurance and Borrower was required to make Separately designated payments toward the premiums far Mortgage Insurance, Borrower shall pay the premiums required to obtain coverage substantially equivalent to the Mortgage Insurance previously in effect, at a cost substantially equivalent to the cost to Borrower of the Mortgage Insurance previously in effect, from an alternate mortgage insurer selected by Lender. If subs#antially equivalent Mortgage Insurance coverage is not available, Borrower shall continue to pay to Lender the amount of the separately designated payments that were due when the insurance coverage ceased to be in effect. Lender will accept, use and retain these payments as anon-refundable loss reserve in lieu of Mortgage Insurance. Such loss reserve shall be non-refundable, notwithstanding the fact that the Loan is ultimately paid in full, and NEBRASKA-Single Family-Fannie MaelFraddie Mac UNIFORM INSTRUMENT Page 3 of 6 Form 3028 1/09 ~ 1` 6.