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�Q�1Q�151
<br />additio alloss payee. Lender sha11 have the right to hold the policies and renewal certificates. If Lender requires,
<br />Borrow r sha11 promptly give to Lender all receipts of paid premiums and renewal notices. If Bonower obtains any
<br />form o insurance coverage, not otherwise required by Lender, for damage to, or destruction of, the Property, such
<br />policy ha11 include a standard mortgage clause and sha11 name Lender as mortgag� and/or as an additionalloss
<br />payee.
<br />the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make
<br />proof loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any
<br />insuran proceeds, whether or not the underlying insurance was required by Lender, shall be applied to restoration
<br />or rep r 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, Lender shall have the right to hold such insurance proceeds until Lender
<br />has ha an opportunity to inspect such Property to ensure the work has been completed to Lender's satisfaction,
<br />provid that such inspection sha11 be undertaken promptly. LQnder may disburse proceeds for the repairs and
<br />restora 'on in a single payment or in a series of progress payments as the work is completed. Unless an agreement
<br />is mad in writing or Applicable Law requires interest to be paid on such insurance proceeds, I.ender sha11 not be
<br />requir to pay Borrower any interest or earnings on such proceeds. Fees for public adjusters, or other third parties,
<br />retain by Borrower sha11 not be paid out of the insurance proceeds and sha11 be the sole obligation of Borrower.
<br />If the r toration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds
<br />sha11 b applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid
<br />to Borr wer. Such insurance proceeds shall be applied in the order provided for in Section 2.
<br />I Bonower abandons the Property, Lender may file, negotiate and settle any available insurance claim and
<br />related atters. If Bonower does not respond within 30 days to a notice from Lender that the insurance carrier has
<br />offere to settle a claim, then Lender may negotiate and settle the claim. The 30-day period will begin when the
<br />notice ' given. In either event, or if Lender acquires the Property under 5ection 22 or otherwise, Bonower hereby
<br />assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid
<br />under e Note or this Security Instrument, and (b) any other of Bonower's rights (other than the right to any refund
<br />of un ed premiums paid by Borrower) under all insurance policies covering the Property, insofar as such rights
<br />are app icable to the coverage of the Property. L.ender may use the insurance proceeds either to repair or restore the
<br />Prope or to pay amounts unpaid under the Note or this Security Instrument, whether or not then due.
<br />6 Occupancy. Borrower shall occupy, establish, and use the Property as Bonower's principal residence
<br />within 0 days after the execution of this S�urity Instrument and shall continue to occupy the Property as Borrower's
<br />princip residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which
<br />consen sha11 not be unreasonably withheld, or unless extenuating circumstances eJCist which are beyond Borrower's
<br />7
<br />of, the
<br />to
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<br />make
<br />other
<br />under
<br />Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy,
<br />or impair the Properly, a11ow the Properly to deteriorate or commit waste on the Property. Whether or not
<br />er is residing in the Properiy, Borrower shall maintain the Property in order to prevent the Property from
<br />ating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that repair or
<br />ion is not economically feasible, Bonower sha11 promptly repair the Property if damaged to avoid further
<br />ation or damage. If insurance or condemnation proceeds are paid in connection with damage to, or the taking
<br />Property, Borrower shall be responsible for repairing or restoring the Property only if Lender has released
<br />s for such purposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in
<br />of progress payments as the work is completed. If the insurance or condemnation proceeds are not sufficient
<br />r or restore the Properiy, Borrower is not relieved of Bonower's obligation for the completion of such repair
<br />�nder or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause,
<br />may inspect the interior of the improvements on the Property. Lender sha11 give Borrower notice at the time
<br />7or to such an interior inspection specifying such reasonable cause.
<br />Borrower's Loan Application. Borrower sha11 be in default if, during the Loan application process,
<br />�er or any persons or entities acting at the direction of Borrower or with Bonower's knowledge or consent gave
<br />lly false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with
<br />1 information) in connection with the Loan. Material representations include, but are not limited to,
<br />ntations concerning Borrower's occupancy of the Property as Borrower's principal residence.
<br />Protection of Lender's Interest in the Property and �ghts Under this Security Instrument. If (a)
<br />�er fails to perform the covenants and agreements contained in this Security Instrument, (b) there is a legal
<br />ling that might significantly affect Lender's interest in the Property and/or rights under this Security Instrument
<br />s a proc,eeding in bankruptcy, probate, for condemnation or forfeiture, for enforcement of a lien which may
<br />�riority over this Security Instrument or to enforce laws or regulations), or (c) Borrower has abandoned the
<br />y, then Lender may do and pay for whatever is reasonable or appropriate to protect Lender's interest in the
<br />y and rights under this Security Instrument, including protecting and/or assessing the value of the Property,
<br />uring and/or repairing the Property. Lender's actions can include, but aze not lunited to: (a) paying any sums
<br />� by a lien which has priority over this 5ecurity Instrument; (b) appearing in court; and (c) paying reasonable
<br />ys' fees to protect its interest in the Property and/or rights under this Security Instrument, including its secured
<br />i in a bankruptcy proceeding. Securing the Property includes, but is not limited to, entering the Property to
<br />ypairs, change locks, replace or boazd up doors and windows, drain water from pipes, eliminate building or
<br />�de violations or dangerous conditions, and have utilities tumed on or off. Although Lender may take action
<br />his Section 9, Lender does not have to do so and is not under any duty or obligation to do so. It is agreed that
<br />incurs no liability for not taking any or all actions authorized under this Section 9.
<br />Mac UNIFORM INSTRUMENT - MERS
<br />Page 5 of 11
<br />DodNeg/c �
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<br />NEBRA KA--Single Family--Fannie
<br />Form 3 28 1/01
<br />Ne3028.mzd.xml
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