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201007711
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<br />Lender may require $orrower to pay a one-time charge for a real estate tax verification and/or reporting service used
<br />by Lender in connection with this Loan.
<br />5. Property insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />insured against loss by fire, hazards included within the term "extended coverage," and any other hazards including, but not
<br />limited to, earthquakes and floods, for which Lendcr requires insurance. This insurance shall be maintained in the amounts
<br />(including deductible levels) and for the periods that Lender requires. What Lender requires pursuant to the preceding
<br />sentences can change during the term of the Loan, The insurance carrier providing the insurance shall be chosen by Borrower
<br />subject to Lender's right to disapprove Borrower's chaice, which right shall not be exercised unreasonably. Lender may require
<br />Borrower to pay, in connection with this Loan, either: (a) a one-time charge for flood zone deterrnination, certification and
<br />tracking services; or (b) a one-time charge for flood zone determination and certification services and subsequent charges each
<br />time remappings or similar changes occur which reasonably might affect such determination or certification. Borrower shall
<br />also be responsible for the payment of any fees imposed by the Federal Emergency Management Agency in connection with
<br />the review of any flood zone determination resulting from an objection by Borrower.
<br />Tf Borrower fails to maintain any of the coverages described above, Lender rnay obtain insurance coverage, at
<br />Lender's option and Borrower's expense. Lender is under no obligation to purchase any particular type or amount of coverage.
<br />Therefore, such coverage shall cover Lender, but might or might not protect Borrower, Borrower's equity in the Froperty, or
<br />the contents of the Property, against any risk, hazard or liability and might provide greater ar lesser coverage than was
<br />previously in effect. Borrower acknowledges that the cost of the insurance coverage sa obtained rnight significantly exceed the
<br />cost of insurance that Borrower could have obtained. Any amounts disbursed by Lender under this Section 5 shall become
<br />additional debt of Borrower secured by this Security Tnstrument. These arnounts shall bcar interest at the Note rate from the
<br />date of disbursement and shall be payable, with such interest, upon notice fram Lender to Borrawer requesting payment.
<br />All insurance policies required 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 Lender as mortgagee and/or as an additional
<br />loss payee. Lender shall have the right to hold the policies and renewal certificates. If Lender requires, Borrower shall promptly
<br />�;ive to Lender all receipts of paid premiurns 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 />clausc and shall name Lender as mortgagee and/or as an addiCional loss payee.
<br />In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of
<br />loss if not made promptly by Borrower. Unless Lender and Borrower atherwise agree in writing, any insurance proceeds,
<br />whether or not the underlying insurance was required by Lender, shall be applied to restoration or repair of the Property, if the
<br />restoration or repair is economically feasible and Lender's security is not lessened. During such repair and restoration period,
<br />Lender shall have the right to hald such insurance proceeds until Lender has had an opportunity to inspect such Property to
<br />ensure the work has been completed to Lender's satisfaction, provided that such inspECtion shall be undertaken promptly.
<br />Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the
<br />work is campleted. 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 earnings on such proceeds. Fees for public adjusters, or
<br />ather third parties, retained by Borrower shall not be paid out of the insurance proceeds and shall be the solc obligation of
<br />Borrower. If the restoration or repair is not economically feasible or i.ender's security would be lessened, the insurance
<br />proceeds shall be applied to the sums secured by this Security Instrument, whether or not thcn due, with the excess, if any, paid
<br />to Borrower. Such insurance proceeds shall be applied in 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 does nat respond within 30 days to a notice from Lender that the insurance carrier has offered to settle a
<br />claim, then Lender may negotiate and settle the claim. The 30-day period will begin when the notice is given. In either event,
<br />ar if Lender acquires the Froperty under 5ection 22 or otherwise, Borrower hereby assigns to Lender (a) Borrawer's rights to
<br />any insurance proceeds in an amount not to exceed the amounts unpaid under the Note or this Security lnstrument, and (b) any
<br />other of Borrower's rights (other than the right to any refund of unearned premiums paid by Borrower) undcr all insurance
<br />policies covering Che Property, insofar as such rights are applicable to the coverage of the Property. Lender may use the
<br />insurance procceds either to repair or restore the Property or to pay amounts unpaid under the Note or this Security instrument,
<br />whether or not then due.
<br />6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within 60
<br />days after the execution of this Security Instrument and shall continue to occupy the Property as Sorrower's principal residence
<br />NEBRASI�A--Single Family--Fannie Mae/Freddie Mac UNiFQRM INSTRUMENT
<br />1�r 33g,2 page 5 of 12 Form 3028 1/Ol
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