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<br />interest at the Note rate from the date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower
<br />requesting payment.
<br />All insurance policies required by Lender and renewals of such policies shall be subject to Lender's right to disapprove such
<br />policies, shall include a standard mortgage clause, and shall name Lender as mortgagee and/or as an additional loss payee. Lender shall
<br />have the right to hold the policies and renewal certificates. If Lender requires, Bortower shall promptly give to Lender all receipts of paid
<br />premiums and renewal notices. If Barrower obtains any form of insurance coverage, not otherwise required by Lender, for damage to, or
<br />destruction of, the Property, such policy shall include a standard mortgage clause and shall name Lender as mortgagee and/or as an
<br />additional loss payec.
<br />In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not
<br />made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any insurance proceeds, whether or not the
<br />underlying insurance was required by Lender, shall be applied to restoration or repair of the Property, if the restoration or repair is
<br />economically feasiblc and Lender's security is not lessened. During such repair and restoration period, Lender shall have the right to hold
<br />such insurance proceeds until Lender has had an opportunity to inspect such Property to ensure the work has been completed to Lender's
<br />satisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse proceeds for the repairs and restoratian in a
<br />single payment or in a series of progress payments as the work is completed. Unless an agreement is made in writing or Applicable Law
<br />requires interest to be paid on such insurance proceeds, Lender shall noC be required to pay Bonower any interest or earnings on such
<br />proceeds. Fees 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 fcasible or Lender's security would be lessened, the
<br />insurance proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to
<br />Borrower. Such insurance proceeds shall be applied in the order provided for in Section 2.
<br />If Borrower abandans the Property, Lender may file, negotiate and settle any available insurance claim and related matters. if
<br />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
<br />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
<br />under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount not to
<br />exceed the amounts unpaid under the Note or this Security Instrument, and (b) any ather of Borrower's rights (other than the right to any
<br />refund of unearned premiums paid by Borrower) under all insurance policies covering the Property, insofar as such rights are applicable to
<br />the coverage of the Property. Lender may use thc insurance proceeds either to repair or restore the Property or to pay amounts unpaid under
<br />the Note or this Security 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 aRer the
<br />execution of this Security Instrument and shall continue to occupy the Property as Borrower's principal residence for at least one year after
<br />thc date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuatin�
<br />circumstances exist which are beyond Borrawer's control.
<br />7. Preservat'ron, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage nr impair the
<br />Property, allow the Property to deteriorate or commit waste on the Property. Whether or not Borrower is residing in the Property, Borrower
<br />shall maintain the Property in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is
<br />determined pursuant to Section 5 that repair or restoration is nat economicalty feasible, Borrower shall promptly repair the Property if
<br />damaged to avoid furCher deterioration or damage. If insurance or condemnation proceeds are paid in cannection with damage to, or the
<br />taking of, the Property, Borrower shall be responsible for repairing or restorin� the Property only if Lander has released proceeds for such
<br />purposes. Lender may disburse proceeds f'or the repairs and restoration in a single payment or in a series of progress payments as ihe work
<br />is completed. If the insurance or condemnation proceeds are not sufficient to repair or restore the Property, Borrower is not relieved of
<br />Borrower's obligation for the 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 may
<br />inspect ihe interior of the improvements on the Property. Lender shall give Borrower notice at the time of or prior tn such an interior
<br />inspection specifying such reasonable cause.
<br />S. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, Borrower or any persons or
<br />entities acting at the direction af I3orrower or with Borrower's knowledge or consent gave materially false, misleading, or inaccurate
<br />information or statements to Lender (or failed to provide Lender with material infarmation) in connection with the Loan. Material
<br />representations include, but are not limited to, representations concerning 13orrower's occupancy of the Property as Borrower's principal
<br />residence.
<br />9. Protection of Lender's lnterest in the Property and Rights Under this Security Instrument. If (a) Borrower fails to perform
<br />the covenants and agreements contained in this Security Instrument, (b) thece is a legal proceeding that might significantly af�ect Lender's
<br />interest in the Properiy and/or rights under this Security lnstrument (such as a proceeding in bankruptcy, probate, for condemnation or
<br />forfeiture, for enforcement of a lien which may attain priority over this Security Instrument or to enforce laws or regulations), or
<br />(c) Borrower has abandoned the Property, then Lender may do and pay for whatever is reasonable or appropriate to protect Lender's interest
<br />in the PropeRy and rights under this Security Instrument, including protecting and/or assessing the value of the Property, and securing
<br />and/or repairing the Property. Lender's actions can includc, but are not limited to: (a) paying any sums secured by a lien which has priarity
<br />over this Security lnstrument; (b) appearing in couR; and (c) paying reasonable attorneys' fees to protect its intcrest in the Property and/or
<br />rights under this Security Instxument, including its secured position in a bankruptcy proceeding. Securing the Property includes, but is not
<br />limited to, entering thc Property to make repairs, change locks, replace or board up doors and windows, drain water from pipes, eliminate
<br />building or ather code violations or dangerous conditions, and have utilities turned on or off. Although Lender may take action under this
<br />Sectian 9, Lender does not have to da so and is not under any duty or obligation to do sa. lt is agreed that Lender incurs no liability for not
<br />taking any or all actions authorized under this Sectian 9.
<br />Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower secured by this Security
<br />Instrument. These amounts shall bear interest at the Nate rate from the date of disbursement and shall be payable, with such intcrest, upon
<br />notice from Lender to Borrower requesting payment.
<br />If this Security Instrument is on a leasehold, Sorrower shall comply with all the provisions of the lease. If Borrower acquires fee
<br />title to the Property, the lcasehold and the fee title shall not merge unless Lender agrees to the merger in writing.
<br />10. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan, Borrower shall pay the
<br />premiums reyuired ta maintain the Mortgage Insurance in effect. If, for any reason, the Mortgage Insurance coverage required by Lender
<br />ceases to be available from the mortgage insurer that previousty provided such insurance and Borrower was required to make separately
<br />designated payments toward the premiums for Mortgage Insurance, Borrower shall pay thc premiums required to obtain coverage
<br />substantially equivalent to the Mortgage Insurance previously in effect, at a cost substantially equivalent to the cost to Borrower of the
<br />Mortgage Insurance previously in effect, from an alternate mortgage insurer selected by Lender. If substantially equivalent Mortgage
<br />Insurance coverage is not available, Borrower shall cnntinue to pay to Lender the amount of th� separately designated payments that were
<br />NEBRASKA -Single Family-Fannie Mae/Freddle Mac UNIFORM INSTRUMENT with MERS m 3028 01�
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<br />ios, inc. Borrower(s) Initials
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