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<br />1111056861
<br />by I,ender in connection with this Loan.
<br />5. Property Insuranee. Borrower shall keep the improvemcnts now existing or hereafter erected on the Aroperty
<br />insured a�;ainst loss 6y fire, hazards included within the term "extended covera�e," and any ather hazards including, but not
<br />limited to, earthquakes and tloods, for which Lender 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 prcceding
<br />sentences can change during the term of the Loan. The insurance carrier praviding the insurancc shall be chosen by Borrower
<br />subject to Lender's right to disapprove Borrower's choice, which right shall not be exercised unreasonably. Lendcr may rcquirc
<br />Borrowcr to pay, in connection with this Loan, either; (a) a one-time charge for flood zone detcrmination, certification and
<br />tracking services; or (b) a one-tirne charge for flood zone determination and certification services and subsequent charges each
<br />time ramappings 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 determinatian resulting from an objection by Borrower.
<br />If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at
<br />Lcnder'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 Property, or
<br />the contents of the Properfy, a�;ainst any risk, hazard or liability and might provide grcater or lesser coverage than was
<br />previously in effect, Borrower acknowledges that th� cost of the insurance coverage so obtained mi�ht significantly exceed the
<br />cost of insurancc that f3orrower could have obtained. Any amounts disbursed by Lender under this 5cction 5 shall bccomc
<br />additional debt of Borrower secured by this Security Instrumcnt. These amounts shall bear interest at the Note rate f'rom the
<br />date of disbursement and shall be payable, with such in[erest, upon notice from Lender tp Borrower requesting payment.
<br />All insurance palicies required by Lendcr and renewals of such policies shall be subject to I.ender's right to
<br />disapprove such polici�s, shall include a standard mprtgage clause, and shall name Lcnder as mortgagee and/or as an additional
<br />loss payee. I,ender sha4 have the right to hold the policies and renewal certificates. If Lender requires, Borrower shall promptly
<br />giv� to Lender all receipts of paid premiums and renewal notices. If' Borrower obtains any form of insurance coverage, not
<br />otherwise required by Lender, for damage to, or dcstruction of, thc Property, such policy shall include a standard mortgage
<br />clause and shall name Lender as mortga�ee and/or as an additianal lass payee.
<br />Tn 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 Barrower otherwisc a�ree in writing, any insurance proceeds,
<br />whether or not the underlying insurance was required by Lender, shall be applied to restoration or repair af the Praperty, if the
<br />resioration or repair is economically feasible and Lender's security is nat lesscned. During such repair and restoration period,
<br />Lender shall have the right to hold such insurance proceeds until Lender has had an opportunity to inspect such Property to
<br />ensur� the work has been completed to I.ender's satisfactian, provided that such inspcction shall be undertaken promptly.
<br />Lender may disburse proceeds for th� rcpairs and restaration in a single payment or in a series of progress payments as the
<br />work is completed. Unless an agreement is made in writin�; or Applicable Law rcquires interest to be paid on such insurance
<br />proceeds, Lender shall not be requircd to pay Borrower any interest or eamings on such proceeds. Fees for public adjusters, or
<br />other third parties, retained by Borrower shal] not be paid aut of the insurance procecds and shall be th� sole obligation of
<br />Borrower. If the restoration or repair is not economically feasible or Lcnder's securify would be lessened, the insurance
<br />procceds shall be applied to the sums secured by this Security Instrument, whether or nat then due, with thc excess, if any, paid
<br />io Borrower. Such insurance proceeds shall bc applicd in the order provided for in Section 2.
<br />If }3orrower abandons the Property, Lender may file, negotiate and settle any available insurance claim and related
<br />matters. If Borrower does not respond within 30 days to a notice from Lender that the insurance carrier has aff'ered to settle a
<br />claim, then Lend�r rnay n�gotiate and settle the claim. The 30-day period will 6egin when the notice is giv�n. In either �vent,
<br />or if Lender acquires the Property under Section 22 or otherwise, E3orrower hereby assi�ns to Lender (a) Borrower's ri�hts to
<br />any insurancc procceds in an amount not to exceed the amounts unpaid under the Note or this Security lnstrument, and (b) any
<br />ather of' Borrower's rights (other than the right to any refund of unearned premiums paid by Borrower) under all insurance
<br />polici�s covering the Property, insoflr as such ri�hts are applicable to the coveragc of thc Property. Lendcr may use the
<br />insurance proceeds either to repair or restora the Property or to pay amounts unpaid under the Note or this Security [nstrument,
<br />whether or not then due.
<br />6. Occupancy. I3orrower shall occupy, establish, and use the Property as Borrower's principal residence within 60
<br />days after the execution nf this Sccurity Instrument and shall continuc to occupy th� Property as Borrower's principal residence
<br />for at lcast one year after the date of occupancy, unless Lender otherwise agrees in writing, which conscnt shall not bc
<br />NE6RASKA--Single Pamily--Fannie Mac/Freddie Mac UNIb'ORM INSTRUMENT
<br />�+ 338.2 Page 5 of 12 Form 3028 1/O1
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