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<br />subsequent charges each time remappings or similar changes occur which reasonably might affect such
<br />deter�nination or certification. Borrower shall also be responsible for the payment of any fees imposed by the
<br />Federal Emergency Management Agency in connection with the review of any flood zone determination
<br />resulting from an objection by Borrower.
<br />If Borrawer fails to rnaintain any of the coverages described above, Lender may obtain insurance coverage,
<br />at Lender's option and Borrower's expense. Lender is under nq nbligatian to purchase any particular type or
<br />amount of coverage. Therefore, such coverage shall cover Lender, but might or might not protect Borrower,
<br />Borrower's equity in the Property, or the contents of the Property, against any risk, hazard or liability and
<br />might prpvide greater or lesser coverage than was previously in effect. Borrower acknowledges that the cost
<br />of the insurance coverage so obtained might significantly exceed the cost of insurance that Borrower could
<br />have obtained. Any amounts disbursed by Lender under this Section 5 shall become additional debt of
<br />Borrower secured by this Security Instrument. These amounts shall bear interest at the Note rate from the date
<br />of disbursement and shall be payable, with such interest, upon notice from Lender tp Borrower requesting
<br />payment.
<br />All insurance policies required by Lender and renewals of such policies shall be subject to Lender's right
<br />to disapprove such policies, shall include a standacd mortgage clause, and shall name Lender as mortgagee
<br />and/or as an additional loss payee. Lender shall have the right to l�old the policies and renewal certificates. If
<br />Lender requires, Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. If
<br />Borrower obtains any form of insurance cvverage, 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
<br />mortgagee and/or as an additional loss payee.
<br />In tha event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may
<br />make proof of loss if not mada promptly by Borrower. Unless Lender and Borrower otherwise agree in
<br />writing, any insurance proceeds, whether or not the underlying insurance was required by Lender, shall be
<br />applied to restoration or repair of the Property, if the restoration or repair is economically feasible and
<br />Lender's security is not lessened. During such repair and restoration period, Lendar shall have the right to
<br />hold such insurance proceeds until l.ender has had an opportunity to inspect such Properiy to ensure the work
<br />has been completed tn Lender's satisfaction, provided that such inspection shall be undertaken promptly.
<br />Lender may disburse praceeds for the repairs and restaration in a single payment pr in a series of progress
<br />paynnents as the work is completed. Unless an agreernent is made in writing nr Applicable Law requires
<br />interest to be paid on such insurance proceeds, Lender sha11 not be required to pay Borrower any interest or
<br />earnings an such proceeds. Fees for public adjusters, or other third parties, retained by Borrower shall not be
<br />paid out of the insurance proceeds and shall be the sole obligation of Borrower. If th� restoration or repair is
<br />not economically feasible or Lender's security would be lessened, the insurance proceeds shall be applied to
<br />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 �le, ❑egotiate and settle any available insurance claim and
<br />related matters. if Borrower does not respand within 30 days ta a notice from Lender that the insurance
<br />carrier has offered to settle a claim, then Lender may negotiate and settle the claim. The 30-day period will
<br />begin when the notice is given. In either event, or if Lender acquires the Property under Section 22 or
<br />otherwise, Borrower hereby assigns to Lender (a) Barrower's rights to any insurance praceeds in an arnount
<br />not to exceed the amounts unpaid under the Note or this Security Instrument, arid (b) any other of Borrower's
<br />rights (other than the right to any refund of unearned premiums paid by Borrower) under all insurance policies
<br />covering the Property, insofar as such rights are applicable to the coverage of the Property. Lender may use
<br />the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the Note or this
<br />Security Instrument, whether or not then due.
<br />G. Occupancy. Borrower shall occupy, establish, and use the Property as Barrower's principal residence
<br />within 60 days after the execution of this Security Instrument and shall continue to occupy the Property as
<br />Borrower's principal residence fpr at least one year after the date pf pccupancy, unless Lender otherwise
<br />agrees in writing, which consent shall not be unreasonably withheld, or unless extanuating circumstances exist
<br />which are beyond Borrawer's control.
<br />7. Preservation, Maintenance and Protection oT the Property; Inspections. Borrower shall not
<br />destroy, damaga or impair the Property, allow the Property to deteriorate or commit waste on the Property.
<br />Whether or not Borrower is residing in the Property, Borrower shall maintain the Property in order to prevent
<br />the Property from deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to
<br />NEBRASKA- Single Family - FannieMae/FreddieMac UNIFORM INSTRUMENT
<br />Form 30281/01
<br />Laser Forms Inc. (800) 448-3555
<br />LFI#FNMA3028 aroz Page6 of 13 Initials:
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