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<br />S. Property Insurance. Borrowcr shall keep the improvements now existing or hereafter erected on the Property
<br />insurcd against loss by fire, hazards included within the term "extended coverage," and any other hazards including, but not
<br />limited ta, earthquakes and floods, for which L.ender requires insurancc. This insuranc� shall b� maintained in thc amaunts
<br />(including deductible levels) and for the periods that Lender requires. What Lender requires pursuant to the preceding
<br />sentences can change during the term of the Loan. Thc insurance carrier prvviding the insurancc shall be chosen by $orrower
<br />subject to Lender's right to disapprove Borrower's choice, which right shall not be exercised unreasona6ly. Lender may rcquire
<br />Borrower to pay, in connection with this Loan, cither: (a) � �ne-time charge far flood zane determin�tion, certification and
<br />trscking services; or (b) a one-tirne charge for flood zonc determination and eertification services and subsequent charges each
<br />timc remappings or similar changes occur which reasanably might affcct such detarmination or certificatian. Borrower shall
<br />also be responsible for the payment of any Tees imposed by the Federal Cmergency Management Agency in canncetian with
<br />the review af any flppd zone determination resulting from an objectipn by Borrower.
<br />If Borrower fails co maintain any of the coverages described ab�vc, Lander may obtain insurance coverage, at
<br />Lcnder's optian and Bvrrower's cxpense. Lender is under no obligatipn to purchasc ar►y particular type qr arr�ount af caverage.
<br />Therefpre, such coverage shall covcr Lender, but might or might not protect B�rrower, Borrower's equity in the Property, or
<br />th� cantents aF the Property, against any risk, hazard or liability and might provide greuter or lesscr covarage than was
<br />previously in effect. Borrower acknowledges that the cost pf the insurance coverage sa obtained might signi�cantly exceed the
<br />cost of insurancc that Borrower could havc obtained, Any amounts disbursed by T.ender under this Section 5 shall become
<br />additional debt of aorrower secured by this S�curity Instrument. '1'hese amounts shall bear interest at the Note rate from tha
<br />date of disbursement and shall be payabfe, with such interest, upon notice from Lender to $orrower requesting paymcnt.
<br />All insurance policies reyuir�d by I.ender and renewals af such policies shall be subject to Lender's right to
<br />disapprove such pplicies, shall includc a standard mortgsge clause, and shail name Lender as mortgagcc and/ar as an additional
<br />loss payee. C.ender shall have [h� right to hold the policies and renewal certificutcs. If Lender requires, Borrower shell protnptly
<br />sive to Lender all receipts of paid premiums and rencwal notices. If Horrowcr obtains any form of insurance coverage, not
<br />otherwisc required by Lender, for darnage to, or destruction of, the Properly, such policy shall include a standard mortgage
<br />clause and shall name I.ender as mortgagee andlor us an additional loss payee.
<br />In the event of loss, Boaower shall give prompt notice to thc insurance carrier and Lcnder. [,ender may make proof of
<br />loss if not made promptly by $orrower. Unlcss Lender and k�orrowcr qtherwise agree in writing, any insurance proceeds,
<br />whether or not the underlying insurance was required by Lendcr, shall be applied to restoration or repair of tha PraperCy, if thc
<br />restoration or repair is economically feasible and Lender's security is not lessened. �uring such repair and restoration period,
<br />Lender shall have the right to hold such insuran�e proceeds until Lender has had an opportunity to inspect su�h Property to
<br />ensure the work has been completed ta Lcndcr's satisfaction, pravidcd that such inspection shall be undertaken promptly.
<br />Lender may disburse praceeds for the repairs and restoration in a single payment or in a series of progress payments as the
<br />work is completed. Unless an a�reen�enf is mada in writing or Applicable Law requires interest to be paid vn such insurance
<br />proceeds, Lendcr shall not ba reguired ta pay Borrowcr any interest or earnings on such proceeds. �'ees for public adjusters, or
<br />athcr third parties, retained 6y Barrpwer shall nat be paid vut of the insuranca proceeds and shall be the sole obligation of
<br />Borrower, If the r�staratian or repair is not economically foasible or Lender's sacurity would be Iessened, the insurance
<br />proceeds shall he applied to the sums sccured by this Security Instrument, whether pr npt then due, with the exccss, if any, paid
<br />to �orrower. Such insurancc procecds shall be appl3ed in the ordcr providCd far in Section 2,
<br />If Borrower abandons the Property, �.ender may file, negotiate and settle any availahle insurance claim and related
<br />matters. 1f Borrower does not raspond within 30 days to a notice from Lender that the insurancc carrier has offered to settle a
<br />claim, then Lender may nsgatiate and settle the claim. The 3U-day period will begin whcn thc noticc is given. in cithar event,
<br />or if Lender acquires the Property under Section 22 or athcrwise, �orrower hereby assigns to Lender (a) �3orrower's rights ta
<br />Any insurance procecds in an amount not to exceed the amounts unpaid under th� Notc or this Security Cnstrument, and (b) any
<br />other af Barrower's rights (other than the ri�ht to any refund af un�arned premiums paid by �3prrower) under all insurance
<br />policics covering the Property, insofar as such rights arc applicable to the caverage of the Nrpperty. C.end�r may use the
<br />insur�nce pr�ceeds either to repair or restore thc Property or to pay amaunts unpaid under the Note or this Security Instrument,
<br />whether or not then due.
<br />6. Occupancy. Borrower shall occupy, establish, and use the Property as T3orrawer's principal residence within fi0
<br />days after the execution Of this Security Instrumen[ and shall continue to accupy the Property as Bprrower's principal residence
<br />far at Icast one year after the data oF occupancy, unless T�ender otherwise �graes in writing, which conscnt shall not be
<br />unreasonably withhcld, or unless extenuating circumstances exist which are beyond Borrower's control.
<br />NEeRASKA--Single Family•Fannlc ivlae/Freddie Mac UNlFORM INSTRUMENT
<br />� 3)8,2 Pagc 5 of 12 Form 3028 IlUI
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