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<br />5. Praperty In�arance, Borrnwer shall kcep the improvements now existing or hereafter ereoted on the Property
<br />insured against loss by t"ire, hazards included within the term "extended coveragc," and any othcr hau�rds inciuding, but nat
<br />limitcd to, e�rthquakes and #loods, for which Lcnder tequires insurancc. This insurance shatl be maintained in the amouncs
<br />(including deductible teveis) and for the periods that Lender requires. What Lendor requires pursuant tp the p��eceding
<br />sentences can change during the ter�n of the Loan. The insuraace carrier providing the insura�tce shall be chnsen by Borrower
<br />subject to Lender's right to disapprove Borrower's choice, which right shall not be exercised unreasonably. L.ender may require
<br />Barrower to pay, in connactiun with this T.oa��, eithcr: (a) a ane-time charge for tlood xane determination, certi�catian and
<br />tracking services; or (b} a ono-timt charge for flaad zan� determinatipn and certi�cation services and subse,�uent et�arges each
<br />time remappings or similar changes accur which reasanably might affect such determination pr certi�cation. Borrower shal!
<br />alsv be responsible for the payment of any fces imposed by the Federal Emergency Management Agency in connection wiih
<br />the review of any flood zqitie determinatian resulting fram an ohjection by $orrower.
<br />If Borrower fails to maintain any of the caverages descr'rbed above, Lender may obtain insurance caverage, at
<br />I.endcr's optian and Bvrrvwe�'s axpense. Ler�der is under na obli$ation to purchase any particular type or amount of cnveragc,
<br />Therefore, auch coverage shail cvver Lender, but might or migl�t not protecC Borrawer, Borrvwer's equity in the Property, or
<br />the cAretents of Chc Prnpvrty, against any risk, hazard or liabitity and mighC provide greater or lesser coverage than was
<br />previously in eff'ect. Borrower acknow�edges that tho cost nf d�e insurance caverage sa obtained mi�ht significantly exceed the
<br />cost of insurance that Borrow�r cauEd �ave obtained. Ax�y amoui�ts disbursed by Lender u»dcr this Section 5 shall become
<br />additional debt of Borrower secured by this Securiry Instrument. These amounts shal! bear interest at tiye Idote rate from rhe
<br />date of dis6ursement and shal! be payable, with such interest, upon �iotice from Lcnder ta Barrower requesti«g paymenc.
<br />All insurance pnlici�s required by Lender ancf renewals of such policies shall bc subject to Lender's right to
<br />disapprove such policies, sha]! include x standard martgage clause, and shall name Lender as martgagee and/or as an additional
<br />fass payee. Lender shall havo the right to hold eh� policies and renawal certi�cates. If l..ender requires, Sorrnwcr Shall prpinptly
<br />give to Lender all rec�ipts of paid premiums and renewa[ notices. If Bor�•awer obtaitts any forrn of insurance coverage, not
<br />other�,vise required by L�nder, for damagc to, or dcstructian of, the Property, spch palic� shall include a standard mortgage
<br />clause and shall name Lender as martgageo and/ar as an additionsl lass payee.
<br />In the event of loss, l3�rrower sNia11 give prampt notice to the insursnee aarrier and Lender, Lender may inake praof of
<br />losS if not madt promptly by Barrawer. �L)nless Lender and F3arrawer otherwis� agi'BV in wricing, any insurance proceeds,
<br />whether or not the underlying insurauce was cequired 6y Lender, shall be applied to restoration or repair of the Property, if the
<br />restoration or repair is economicaily feasible and Lender's security is not lcssened, During such repair �nd restoration period,
<br />Lender shall have thc right to hotd such insurance proceeds until I,ender has had an opporcunity to inapect such Properiy to
<br />ensure the work has been completed to �.ender's sacisfactinn, provided ihat such inspection shati be undertaken promptly,
<br />L�nder may disburse proceeds Far the repairs and restoratio�� in a sin$!c payment or in a seri�s of progress psyinents as the
<br />work is carnp3eted. llnlcss an agreement is mado in writing or Applicabla Law requiras intcrest to be pard an such insurance
<br />proceeds, Lender shall nat be reyuired to pay Borrower any interest pr eantings an such proceeds, Fees for public adjusters, or
<br />other third parties, retained by Borrower shal! nat be paid auC of the insurance proceeds and shall 6e the sale nbligation bF
<br />�vrrower. If the restoration ar repair is not economicalEy faasible or Letider's security would be lessened, tha insurancc
<br />proceeds slrall be applied to the sums sccured by this 5ecurity Instrun�ent, whether ar nnt then due, with che excess, if any, paisi
<br />tp Bvn�ower, Such insurance proceeds shall be applied in the order prnvided for in Section 2.
<br />Cf Svn'ower abandons the Property, Lender rnay file, negotiate and setCle any available insurance alaim and related
<br />matters. If Borrawer does not respond within 34 days to a notice from Lend�r T.hat the insurance carrier has aff'ered tn settle a
<br />ciaim, then Lender may negatiate and settle the claim. The 30-day periad will begin when tl3e natica is given. In aither event,
<br />or if I.ender acquires the Property under Sactian 22 or atherwise, Bnrrowor hercby assigns to Lender (a) Borrawer's rights ta
<br />any insurance proceeds in �n ampunt not to exoeed the amounts unpaid under the Note ar this 5ecuriry T�istrumeni; snd {b) any
<br />other of Borrower's rights (other than Cha right CA any ret'und of unearned prcmiuma paid by Barrawer) under al! insurance
<br />palicics cavaring the Property, insafar as such rights �re applica6le to the coverage af the Property. Lender may ase the
<br />insurance proceeds eicher ta rcpair or restqro Che Frope�ty or to pay amounts unpaid under the Note �r this Seeurity Instrument,
<br />witether c�r not then due,
<br />6. Occupu�icy. Barrpwer shall accupy, esta6tish, �►nd use the i'raperty as 6orrawer's principal ccsidcnce vv'sthin 60
<br />days after Che execution ofthis Security instrurnent and shall continue to occupy rhe Properry as �orrawer's principal residence
<br />for at least onc year after the date of occupancy, unless Lcnder otharwisc agrecs in writing, which co�s�nt sha11 nat be
<br />unreasonably withheld, ar uniess extenuating circuinstances exist which are beyond Bprrower`s control.
<br />N�BItASKA--Single Family--Fannte iVIaNFreddle Mac UNI�'f?NtM rN5TTtUivIEiVT
<br />� 338.2 Page 5 of 12 Form 302$ 1/UI
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