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<br />either: (a) a on,e-time charge for flood zone deternunation, certification and tracking services; or (b) a one-tirne
<br />charge for flood zone determination and certi�cation services and subsequent charges each titxie remappings or
<br />similar changes occur which reasonably might affect such deterniination or certification. Borrow�r shall also be
<br />responsible for the payment of any fees imposed by fhe Federal Ernergency Management Agency i:n connection with
<br />the review of any flood zone determination resulting from an objection by Bo�xower,
<br />If $orrower fails co maintain any of the coverages described above, Lender may obtain insurance covera�e,
<br />at Lender's option and Borrower's expense. Lender is under no obligation Co purchase any �articular type or amount
<br />of coverage. Therefore, such caverage shall cover Lender, but might or m.ight not protect Borrower, Borrower's
<br />equity in the Property, or the contents of the Properry, against any risk, hazard or liability and might provide greater
<br />or lesser covexage than was previously in effect. Borrower aclrnowledges that the cost of the insurance coverage so
<br />obtained zni$ht significantly exceed the cost of insuxance that Boarrower could have obtained. Any amounts
<br />disbursed by T,ender under this Section 5 slaall become additional debt of Borrower secured by this Secuxity
<br />Insriument. These amounts shall bear interest at the Note rate from the date of disbursetx�ez�t and shall be payable,
<br />with such interest, upon notice from Lender to Borrower requesting payment.
<br />All insurance policies zequired by T,ender and renewals of such policies shall be subject to Lender's right to
<br />disapprove such policies, shall include a standard mortg$ge clause, and sha11 name I�ender as mortgagee anci/or as an
<br />additional loss payoe. Lender shall have the right to hold the policies and renewal certi�cates. If Lender requires,
<br />Horrower shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any
<br />form of insurance coverage, nvt otherwise required by Lender, for damage to, or destruction of, the Property, such
<br />policy shall include a standard a:xiortgage clause and shall narrze Lender as mortga�ee and/or as an additional loss
<br />payee,
<br />In the event of loss, Borrower shaIl give protnpt notic� to the insutance carrier and Lender. L.ender may make
<br />ptoof of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in wrzting, any
<br />insuzance proceeds, whether or not the underlying insurance was required by Lender, shall be applied to restoration
<br />or repair of the Property, if the restoration or repair is economically feasible and Lender's security is not lessened.
<br />During such repair and restoration period, I,ender shall have the right to hald such insurance proceeds until T,ender
<br />has had an opportunity to inspect such Property to ensure the work has been completed to Lender's satisfaction,
<br />provided that such inspecrion shall be undertaken promptly. Lender may disburse proceeds for the x•epairs and
<br />rastoration i�� a single payment or in a 5ezies of progress payments as the work is completed. Unless an agreement is
<br />rnade zn writing or Applicable Law requues interest to be paid on such insuxance proceeds, Lender shall not be
<br />requixed to pay Borrower any interest or earnings on such proceeds, Fees for public adjusters, or other third pariies,
<br />retained by Borrower shall not be paid out of the insurance proceeds and sha11 be the sole obligation of Borrower. If
<br />the zestoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds
<br />shall be applied to the sums secured by this Security Tnstrument, whether or not then due, with the excess, if any,
<br />paid to Borrower. Such insurance proceeds shall be applied in the order provided fox in 5ection 2.
<br />If Borrower abandons the Property, T.ender may file, negotiate and settle any available insurance claim and
<br />related matters. Tf Borrower does not respnnd within 30 days to a notice frnm Lender that the insurance carrier has
<br />offered to settle a claim, then Lender may negotiate and settle the claim, 'Ihe 30-day period will be�in when the
<br />notice is given. In either event, or if �,ender acquires the Property under 5ection 22 ar otherwise, Borrowen c�reby
<br />assigns to I.endcr (a) $prrower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid
<br />under thc Note o;r thzs Security Instrument, and (b) any other of Borrower's rights (other than the ri�ht to an,y refund
<br />of uneax premiunns paid by Borrower) under ali insurance policies oovering the Pzoperty, insofar as such rights
<br />are applicable to the covera�e of the Property. T,ender tnay use the insurance proceeds either to repair or restore the
<br />Property or to pay amounts unpaid under the Note or this Security Instrument, whether or not then due.
<br />G. Occupancy. Borrower shall occupy, establish, and use the Froperty as 13orrower's prin�cipal residence
<br />within 60 days after the execution of this Security Tnstrument and shall cont�nue to occupy Che Proparty as
<br />Borrower's principal residence for at least one year after the date of occupancy, unJess Lender otherwise agrees in
<br />�xn'iting, which consent shall taot be unreasonably withheld, or unless extenuating circumstances exist which are
<br />beyond Borrower's control.
<br />NESFtASKA--Single Family--Famue Mae/kreddie MAC UNIFOI2M INSTRUMEIVT Form 3028 1/Ol (page 6 �rf 14pnges)
<br />GV2023.T-IP
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