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�� ' � �''� 201100349 that Lender requires. What Lender requires pursuant to the preceding sentences can change during the term of the Loan. The insurance carrier providing the insurance shall be chosen by Bprrpwer subject to Lender's right to disapprove Borrower's choice, which right shall not be exercised unreasona�ly. Lender may require Borrower to pay, in connection with this Loan, either: la) a one-time charge for flood zone determination, certification and tracking services; or (b1 a one-time cherge for flood zone de[ermination and certification services and subsequent charges each time remappings or similar changes occur which reasonably might affect such determination or certification. Borrower shall also be responsi6le for the payment of any fees imposed by tha �ederal Emergency Management Agency in connection with the review of any flood zone determination rasulting from an abjection by Borrower. If Borrower fails ta maintain eny of the coverages described above, Lender may obtain insurance coverage, at Lender's option and 8orrower's expense. Lender is under no obligation to purchase any particular type nr amount of coverage. Therefora, such coverege shall cover Lender, hut might or might not protect eorrower, 8orrower's equity in the Property, or the contents of the Prnperty, against any risk, hazard or liability and might provide greater or lesser coverage than was previously in effect. 8orrower acknowledges that ihe cost of the insurance coverage so obtained might significantly exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed by Lendar under this Section 5 shail become additional debt of Borrowar sacured by this Security Instrument. These amounts shall bear interest at tf�e Note rate from. the date of disbursement and shall 6e payable, with such interest, upon notica from Lender to Borrower requesting payment. All insuranca policies required by Lender and renewals of such policies shall he su6ject to Lender's right to disapprove such palicias, shall include a standard mortgage clause, and shall name l.ender as mortgagae and/or es an additional loss payee. Lender shall have the right to hold the policies and renewal certificates. If Lender requires, Borrower shall promptly give to l.ender all recaipts of paid premiums and renewal notices. If Borrower obtains any form pf insurance coverage, not o[herwise required by Lender, for damage to, or destruction of, the Property, such policy shall include a standard mortgage clause and shall name Lender as mortgagee and/or as an additional loss payee. In the evsnt of loss, Borrower shall give prompt notice ta thp insurance carrier and Lender. Lender may make proof of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any insurance proceeds, whether or not the undarlying insurance was required by Lender, shall be applied to rastoration or repair of the Property, if the restoration or repair is econpmically feasible and Lender's security is nat lessenad. During such repair and restoration period, Lender shall have the right to hold such insurence prnceeds until Lender has had an oppvrtunity tv inspect such Property to ensure the work has been completed to l.ender's satisfaction, provided that such inspection shall bs undertaken promptly. Lender may disburse proceeds far tha rapairs and restoration in a single payment or in a series of prograss paymenis as the work is completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not be required to pay Borrower any interest or earnings on such proceeds. �ees for public adjusters, or other third parties, retained by Borrower shall not be paid out of the insurance proceeds and shall be the sole obligativn of 8orrower. If the restoration or repair is not economically feasible or Lender's security would be lessened, the insuranpe proceeds shall be applied to the sums secured by this Security Instrumsnt, whether or not then due, with the excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the order provided for in Section 2. If Borrower abandons the Property, Lender may file, negotiata and settle any available insurance claim and related matters. If 8nrrpwer does not respond within 30 days to a notice from Lender that the insurance carrier has offered to settle a claim, then Lender may negotiate and settle the claim. The 30-day period will begin when the notica is givan. In either event, or if Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid under the Nota or this Sacurity Instrument, and (b) any other of Borrower's rights (other than the right to any refund of unearned premiums paid 6y 8orrower) under all insurance policies covering the Property, insofar as such rights are applicable to the coverage of the I'roperty. Lender may use the insurance proceeds either to repair or restore the Property ar tp pay amounts unpaid under the Note or this Security Instrument, whether ar not then due. 6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within 60 days after the axecution of this Security Instrument and shall continue to occupy the Proparty as Borrower's principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which.are beyond 8orrqwer's control. , , _ 7. Preservation, Maintenance and Protec#ion of the Property; Inspections. Borrower shall not destroy, damage or impair the Prbperty, allow the Property to deteriorate or commit waste on the Property. Whether or not Borrower is residing in the Prnperty, Borrower shall maintain the Property in order to prevent the Property from deteriorating or decreasing in value due ta its condition. Unless it is determined pursuant to 5ection 5 that repair or restoration is not economically feasible, Borrower shall prpmptly repair the Property if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in connactian with damage to, or the taking of, the Property, Borrower shall be responsible for repairing or restoring the Property only if Lender has relea5ed proceeds for such purposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series af prpgress payments as the work is completed. If the insurence or condemnatian proceeds are not sufficient to rapsir or res#ore the Property, Borrower is not relieved af Borrower's obligation for the completion of such repair or restoration. Lender or its agent may make reasonable entries upon and inspactions of the Property. If it has reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender shall give Borrower notice at the time of or prior to such an interior inspec#ion specifying such reasonable cause. 8. Borrawer's Loan Application. Borrower shall be in default if, during the Loan applicatipn process, Borrower or any persons or entities acting at the direction of Borrower or with Borrower's knowledge or consent gave materially false, misleading, or inaccurate infnrmation or statements to Lender (or failed to provide Lender with material information) in connection with the Loan. Material representations include, but are not limited to, representations concerning Borrower's occupancy of the Property as 8arrower's principal residence. 9. Protection of Lender's Interest in the PropQrky and Rights Under this Security Instrument. If (a) Borrower fails to perform the covenants and agreements contained in this Security Instrument, (b) there is a legal proceeding that might significantly affect Lender's interest in the Property and/or rights under this Security Instrument (such as a proceeding in bankruptcy, probate, for condamnation or fprfeiture, for enforcement of a lien which may attain priority ovar this Security Instrument or to enforce laws or regulations), or (c) Borrower has a6andoned the Property, then Lender may do and pay fnr whatever is reasonable or appropriate to protect lender'5 interest in the Property and rights under this Security Instrument, including protecting and/or assessing the value of the Property, and securing and/or repairing the Property. Lander's actions can include, but are not limited to: (a) paying any sums sacured 6y a lien which has priority over this Security Instrument; (b) appearing in court; and (c) paying reasonable attorneys' fees #o protect its interest in the Property and/or rights under this Security Instrument, including its secured positian in a bankruptcy proceeding. Securing the Property includes, but is nat limited to, entering the Property to make repairs, change Ipcks, replace or board up doors and windows, drain water frpm pipes, eliminete building or other code violations or dangerous conditions, and have utilities turned on or off. Although Lsnder may take action under this 5ection 9, Lender doss not havp to do so and is not under any duty or obligation to do so. It is agreed that Lender incurs no liability for not taking any or all actions authorized under this Section 9. Any amounts disbursed by Landar under this Section 9 shall become additional debt of Borrower secured by this Security Instrument. 'Thase amaunts shall bear interest at the Note rate from the date of disbursement and shall be payable, with such interest, upon notice fram Lender to Borrower requesting payment. If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease. If Borrower acquires fee title to the Property, the leasehold and the fee title shall not merge unless Lender agrees to the mergar in writing. 10. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan, Bprrower shall pay the premiums required to maintain the Mqrtgage Insurance in effect. If, for any reason, the Mortgage Insurance coverage required by Lender ceases to be available from the mortgage insurer that previous�y provided such inaurance and Borrower was required to make separately designated payments toward the premiums for Mortgaga Insurance, Bnrrnwer shall pay the premiums required to obtain coverage substantially equivalent to the Mortgage Insurance previously in effect, at a cost substantially equivalent to the cost to Borrawer of the Mortgage Insurance previously in effect, from an alternate mortgage insurer selected by Lender. If substantially equivalent Mortgage Insurance coverage is not availabla, Bnrrpwer shall continue to pay to Lender the amount of the separately designated payments that were due when ths insurance coverage ceased to be in effect. Lender will accapt, use and retain these payments as a non-refundable loss reserve in lieu of Mortgage Insurance. Such loss reserve shall �e non-refundeble, nntwithstanding the fact that the Loan is ultimately paid in full, and Lender shall not be required to pay Borrower any interest or earnings on such loss reserve. Lender can no longer require loss reserve payments if Mortgage Insurance coverage (in the amount and for the period that Lender requires) provided by an insurer selected by Lender �gain becnmes available, is obtained, and l.ender requires separately designated payments toward the premiums for Mortgage Insurence. If Lender required Mortgage Insurance as a conditipn of making the Loan and Borrower was required to make separatsly designated NEBRASKA-Single Family-Fannle Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 Page 3 of 6 �