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2011002��
<br />L,ender may require Borrower to pay, in connection with this Loan, either (a) a one-time charge for flood zone
<br />detcrnunation, certification and tracking services; or (b) a one-time charge for flond zone determination and certification
<br />scrvices and subsequent charges each time remappings or similar changes occur which reasonahly might affect such
<br />determination or cerhfication. Borrower shall also 6a responsible for the payment of any fees imposed hy the Federal
<br />Emergency Management Agency in connection with the revaew of any flood zone determination resultin$ from an objection
<br />by $orrower.
<br />if Borrower fails to maintain any of the cnverages descri6ed a6ove, I,ender may nhtain insurance coverage, at
<br />Lender's option and Borrower's expense. Lender is under no obligation to purchase any particular type or amount of
<br />coverage. Therefore, such coverage shall cover Lender, but might or mipJit not protect Sorrower, Sorrower's equity in the
<br />Property, or the contents of the Yroperiy, against any risk, hazard or liability and might provide greater or lesser coverage
<br />than was previously in ef�'ect. Borrower acknowledges that the cost ofthe insurance covarage so otrtained maght signiScantly
<br />exceed the cost of insurance that Borrower could have vbtained. Any amnunts disbursed by Lender undertius Secuon 5 shall
<br />become additional deht of Borrower secured by this Securiry lnstrument. These amounts shall bear interest at the Note rate
<br />from the date of disbursement and shall be payable, with such interest, upon notice from L.�nder to Borrower requesting
<br />payment.
<br />All inswance policies required by Lender and renewals of such policies shall be subject to Lender's right to
<br />disap�rove such policies, shail include a standard mortgage clause, and shall name Lender as mortgagee and/or as an
<br />addit�onal loss payee. Lender shall have the right to hold the policies and renewal cenificates. If Lender reGuires, Borrower
<br />shal l promptly give to Lender all receipts of paid premiums and renewal noiices. If Borrower obtains any form of insurance
<br />coverage, not otherwise required by Lender, for damage to, nr destruction of, the Property, such policy shall include a
<br />standard mortgage clause and shall name I.ender as mortgagee and/or as an additional loss payee.
<br />In the event of loss, Borrower shall give prompt not�ce tv the insurance carrier and Lender. I..endermay make pmoF
<br />of loss if not made promptly by Borrower. Unless Lender and Bnrrnwer otherwise agree in writin$, any inswance proceeds,
<br />whether or not the underlymg msurance was reGuired hy Lender, shall be applied to restoration or repa�r of the Property, if
<br />the restoration or repair is economically feasible and Lender's security is not lessened. During such repair and restoration
<br />period, Lender shall have the right to hold such insurance proceeds until Lender has had an opportumiy to inspect such
<br />Property to ensure the work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken
<br />promptly. Lender may disburse proceeds for the repairs and restoration in a smgle payment or in a series of progress
<br />payments as the work is completed. Unless an agreement is made in writin$ or Apphca6le L,aw requires interest to he paid
<br />on such insurance proceeds, Lender shall not be required tn pay Boirower any mterest or earnings on such proceeds. Fees
<br />for public adjusters, or other third parties, retained by Borrower shall not be paid out ofthe inswance proceeds and shall be
<br />the sole obligation of Borrower. If thc restoration or repair is not economically feasible or Lender's securiry would be
<br />lessened, the insurance proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due,
<br />with the excess, if any, paid to Borrower. Such insurance proceeds shall he applied in the order provided for in Section 2.
<br />If Borrower abandons the Property, Lender may file, negotiate and settle any availa6le insurance claim and related
<br />matters. If Borrower does not respond within 30 days to a notice from Lender that the insurance carrier has offered tn settle a
<br />claim, then Lender may negotiate and settle the claim. The 30-day period will begin when the notice is givea In either
<br />event, or ifLender acquires the Property under Section 22 or othervvise, Borrnwer hereby assigns to Lender (a) Borrower's
<br />rights to any insurance proceeds in an amount not to exceed the amounts unpaid under the Note or this Security Instrument,
<br />and (b) any other of Borrower's rights (other than the nght to any refund of unearned premiums paid hy Borrower) underall
<br />insurance policies covering the Property, insofar as such nghts are applicable to the coverage ofthe Property. l.ender may
<br />use the insurance proceeds eithar to repair or restore the Property or to pay amounts unpaid under the Note or this Securiry
<br />Instrument, whether or not then due.
<br />6, pecupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within
<br />60 days after the execuYion of this Security Inshument and shall continue to occup,y the Property as Borrower's pnncipal
<br />residence for at least one year after the date
<br />nf occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless
<br />extenuating circumstances exist which ace beyond Borrower's control.
<br />7. Preservation, Maintenance and Yrutection of the Propert,y; Inspections. Borrower shall not destroy,
<br />damage nr impair the Property, allow the Property tn deteriorate nr comrnit waste
<br />on the I'roperty. Whether or not IIorrvwer is residmg in the Property, Borrower shall maintain the Yroperty in order to
<br />prevent the Property from deteriorating nr dec�asing in value due to its condition. Unless it is deternuned pursuant to
<br />Sectiun 5 that repair or restoration is not econnmically feasible, Borrower shall promptly repair the Property iFdamaged to
<br />avoid fiuther deterioration or dsunage. lf insurance or condemnation proceeds arc paid in connection with damage 10, orthe
<br />taking of, the Property, Borrnwer shall be responsible for repairing or restoring the Property only if Lender has released
<br />proceeds Por such purposes. l.ender may disburse proceeds for the repairs and restoratinn m a smgle payment or in a series
<br />of progress payments as the work is completed if the insurance or cnndemnation proceeds are not sufficicnt to repair or
<br />restore the Property, Borruwer is not relieved oFAorrower's nbligation for the completion of such repair or restoration.
<br />Lender or its agent may make reasonahle entries upon and �nspections ofthe I�ruperry. Ifit has reasonable cause,
<br />Lender may inspect the interior of the improvements nn the Propeny. Lender shall give Borrower notice st the time of or
<br />prior to such an interior inspection specifying such reasonahle cause.
<br />8. Borrower's Loan Application. Borrower shall be in default if., during the Loan application process,
<br />Sorrower or any persons or entities acting at the direction of Borrower or with Borrower's knowledge or consent gave
<br />materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with matenal
<br />inPormationl in connection w�th the l.oan. Material representations include, but are not lirruted to, representations conceming
<br />Bormwer's occupancy of the Property as Borrower's pnncipal residence.
<br />9. Protection a[ Lender's Iuterest in the Property and Aights lluder this 5ecurity Instrumeat. I£
<br />(a) Burrower fails to perform the covenants and agreements contained in this Security lnstrument, (b) there is a legal
<br />proceeding that might significantly affect Lender's interest in the Property and/or rights under this Securiry Inshument(such
<br />as a proceeding in bankruptcy, prohate, for condemnation or forfeiture, for enforcement of a lien which may attain prionty
<br />over this Security lnsmunent or to enforca laws or regulations), or (c) Borrower has ahandoned the Property, then Lender
<br />may do and pay for whatever is reasonable or appropriate to protect Lznder's interest in the Property and nghts under this
<br />Security Instrument, including protecting and/or assessing the value of the Property, and secunng and/o� repairing the
<br />Property. Lender's actions can include, but are not limited to: (a) paying any sums secured by a lien which has priority over
<br />this Security lnstrument; (b) appearing in court; and (c) paying reasonable attorneys' fees to protect its interest in the
<br />Property and/or rights under this Secunry lnstrument, including its secured position in a bankruptcy proceeding. Securing
<br />the Property includes, but is nnt limited to, enterin� the Property to make repairs, change locks, replace or board up doors
<br />and windows, dram water from pipes, eliminate bu�ldmg or other code v�olahons or dangerous conditions, and have utilihes
<br />tumed on or off. Although Lender may take action under this 5ection 9, Lender does not have to do so and is not under any
<br />duty or nbligation to do so. It is agreed that Lender incurs no liability for not taking any or all actions authorized under this
<br />Section 9.
<br />Any amounts disbursed hy Lender under this Section 9 shall become additional debt o£Borrower secured by this
<br />Security Instrument. These amounts shall bear interest at the Note rate from the date o£dishursement and shal] be payable,
<br />with such interest, upon nntice frpm Lender to Borrower requesting payment.
<br />If this Security lnshwnent is on a leasehold, Borrower shall comply with all the provisions ofthe lease. IfBorrower
<br />acquires fee title tn the Property, the leasehold and the fee title shall nat merge unless I,ender agrees to the merger in wnting.
<br />NEHRASKA—Single Fami�y—Frnnie Mae/Freddie Mac [iNIFORM ANSTRI]MENT Form 30y8 1/111 (pngr � qf8 page�J
<br />775q,CV (3/OY) pOS-3nx-2a2 Creetive Thinkin�� Inc.
<br />GOTO(OOIUc21�
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