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<br /> RECORDED
<br /> 201007985
<br /> 201008260
<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, Borrower shall promptly give to Lender all receipts of paid
<br /> premiums and renewal notices. If Borrower 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 payee.
<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 feasible 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 restoration 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 not be required to pay Borrower 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 feasible 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 abandons 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 other 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 the 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 after 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 /> the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating
<br /> 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 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 not economically feasible, Borrower shall promptly repair the Property if
<br /> damaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in connection with damage to, or the
<br /> taking of, the Property, Borrower shall be responsible for repairing or restoring the Property only if Lender has released proceeds for such
<br /> purposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the 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 the interior of the improvements on the Property. Lender shall give Borrower notice at the time of or prior to such an interior
<br /> 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 persons or
<br /> entities acting at the direction of Borrower 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 information) in connection with the Loan. Material
<br /> representations include, but are not limited to, representations concerning Borrower's occupancy of the Property as Borrower's principal
<br /> residence.
<br /> 9. Protection of Lender's Interest 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) there is a legal proceeding that might significantly affect Lender's
<br /> interest in the Property and/or rights under this Security Instrument (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 Property 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 include, but are not limited to: (a) paying any sums secured by a lien which has priority
<br /> over this Security Instrument; (b) appearing in court; and (c) paying reasonable attorneys' fees to protect its interest in the Property and/or
<br /> rights under this Security Instrument, including its secured position in a bankruptcy proceeding. Securing the Property includes, but is not
<br /> limited to, entering the Property to make repairs, change locks, replace or board up doors and windows, drain water from pipes, eliminate
<br /> building or other code violations or dangerous conditions, and have utilities turned on or off. Although Lender may take action under this
<br /> Section 9, Lender does not have to do so and is not under any duty or obligation to do so. It is agreed that Lender incurs no liability for not
<br /> taking any or all actions authorized under this Section 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 Note rate from the date of disbursement and shall be payable, with such interest, upon
<br /> notice from Lender to Borrower requesting payment.
<br /> If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease. If Borrower acquires fee
<br /> title to the Property, the leasehold 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 required to 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 previously provided such insurance and Borrower was required to make separately
<br /> designated payments toward the premiums for Mortgage Insurance, Borrower shall pay the 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 continue to pay to Lender the amount of the separately designated payments that were
<br /> NEBRASKA -Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT with MERS m 3028 01(
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