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' 20�107�3G
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<br />additional loss payee. Lender shall have the right ta hald the policies and renewal ceztificates. If Lender req�vres,
<br />Borro�ver shall pmrnpEly give to I.e�dez all receipts of paid pretniums and renewal n�otices. If Borrower obtains any
<br />form qf insurdnce coverage, not otherwise ra�uarefl by I,en:der, for damage to, or destruction of, t1�e Property, such
<br />policy" shall include a standard mortgage claUSe and shall name Lender as mortgagee ancVor as an additional loss
<br />paY�:
<br />I� the evern of loss, Borrower shail give prompt notice to the insurance carrier and Lender. I,ender may make
<br />proaf 9 of loss if not made promptly�'by Borrowez. Untess Lender and Borrowez otherwise agree in writing, any
<br />insurance proceeds, whether or not the underlying insurance was required by Lender, sba11 be applied to restoration
<br />or rep�ir of the Property, if the restoration or repair is economically feasible and Lender's security zs not Iessened.
<br />Durin� such repair and restoration period, I.ender shall have the right to hold such �ce procceds until Lender
<br />has b.a�d an opportunity to inspect such Property to ensure the work has b�n complete.ci to Lender's satisfaction,
<br />provic3ed that such inspection shall �be undertaken promptly. Lender may disburse proceeds for the repairs and
<br />r�stox�arion in a single payment or in a series of pmgzess payments as the work i�s completed. Unless a�a agreement
<br />�s made in writing or Agplicable La.w requires interest to be paid on such insurance proce�ds, Lender shatl not be
<br />required to pay Borrower any interest or ea.mings on such proceeds. Fees for public adjusters, or other ti�ird parties,
<br />retain�rl by Borrower shall not be paid out of the in�„�„ce pzoceed.s and shaIl be the sole obligation of Barrowex.
<br />If the restoration or repair is not ecanomically feasibie or Lender's securily would be lessened, rhe insurance proc�eeds
<br />shall b applied to the stuus secared by this Security Inst�[wnent, wh.ether or not then due, with tTze excess, if any, paid
<br />to Bor'rower. Such iuosurance pzoc�eds shall be applied in the order pmvided for in Section 2.
<br />� If Borrower abandons the Property, Lender may fle, negotiate �d settle any available ins�rance claim and
<br />relate� matters. If Borrower does not respond within 30 days ta a notice from Lender that the ynM carrier has
<br />affered to settIe a claim, then T.ender may negotiate aud settle the claim. The 30-day periad. will begin when the
<br />notice'is given. In either event, or i:F Lender acquire.s the Property under Section 22 or otherwise, Borrower hereby
<br />assign§ to Lender (a) Bormwer's rights to any ln��*ance proce�s int an amount not to exceed ttie amounts �aid
<br />under $he Note or this Security Insl,r�ent, and {b) auy other of Barrower's rights (other than the right to any refpnd
<br />of une�ar,aed premiuAas paid by Borrower) undez aII insurance palicies covering the Property, insofar as such rights
<br />are ap�licable to the coverage of the Progerty. Lender m�ay use the insurance proceeds either to repair or restore the
<br />Prope�h.y or to pay aznottnts �npaid under the Note or this Securiiy Instrument, whether or not then due.
<br />fi. Occapancy. Borrower shall occuPY, establish, and usa the Property as Borrower's principal residence
<br />withi� 60 days after the execucion of xhis Security Instrumea�t and. shall continue to occupy the Property as Borrower's
<br />prurcipal residence for at least one year after the date of occupancy, unless Lender otherwise agzees in wziting, which
<br />conse�3t shall not be unreasonably withheld, or vnless extenuating circUmstance,s exist wi�icli are beyond Borrow+er's
<br />control. .
<br />'1. �esea�v�tlon, Maintenance aad Protedaon of the Properiy; Inspecfions. Bozrower shall not destroy,
<br />dama�e or impair the Properry, a11aQV the Property to deteriorate or commi.t waste om the Property. '4Vhether or not
<br />Bozrov✓er is residing in the Pzoperty, Borrower shall znaintain the Property in order to prevent the Properry �
<br />deteriorating or decreasing in value due to its condition. Unless it is derexmined pursuant to Sect�on 5 that repair or
<br />restor2tion is not economically feasible, Borrower sha.11 promptIy repair the Property if damaged to avozd further
<br />deterirsration or damage. If insurance or condemuatio�a proceeds are paid in connection with darnage to, or the taking
<br />of,'th� Property, Borrower shall be respoasible for repA} or restoz�ing the Praperty only if Lender has reIeased
<br />pzoce�ds for such pwrposes. Lender' may disburse proceeds for the repaizs and restantion in a single paynaent or in
<br />a sezte� of progress payments as the work is completed. If #he insurance or condem�nation proceeds are not sufFicient
<br />to zepair ar zestore the Property, Borrower is not reIieved of Borrower's obligation far the campletion of such repair
<br />ar zes'toration.
<br />I.ender or its agent may make r�asonable entries upon and insp�tions af the Properry. Tf it bas reasonable cause,
<br />L.ender ma,y inspect the interior of the iuoaprovememts on the Property. I.ender shall give Borrower notice at the time
<br />of or prior to such an iuterior inspection specifyiao.g such reasonable cause.
<br />8. Sorrnwer's Loan Appl�tcatian. Borrower shall be in default if, during the Loan appfication prac$ss,
<br />Borrower or any persons ar entities aeting at the direcrion of Borrower or with Borrower's lmowledge or cnnsent gave
<br />materially false, misleading, or inaccurate infomaarion or statemenCs to Lender {ar failed to provide Lendez with
<br />ma#erial informarion) in coanecti,on with the I.oan. Material representations include, but aze not limited. to,
<br />represenrations concerning Barrower's vccupancy of the Properly as Borrower's principal resi@ence.
<br />9. Protection oF Lender's Interest in the Piroperty and Rights Under ti�is Security Instra.ment. If (a)
<br />Borrower fails to perfoxzn the covenants and agreements contained in this Security Instrument, (b) there is a legal
<br />praceediug tb�at might significantIy affect I.ender's interest in the Property andlor rights under this Security Iustcvmem
<br />(such as a groceeding in bankruptcy, probate, for conde�mnation or forfeiture, for enforcemern of a lien wbii�ch may
<br />attain priority over thzs Security Txxsttvment or ro �nforce laws or regulations), or (c) Borrawer has abandoned the
<br />Property, t�ien L.ender ma.y do and pay fvr whatever is reasonable or appropziate to protact I�nder's interest in the
<br />Properry and rights under this Security Instnxment, including prot�ting and/or ass�ssing the value of the Picoperiy,
<br />and s�uring and/or repa:iring the Properry. Lender's acrions can include, but are not Iimited to: (a) payiug any sums
<br />secured by a lien which has priority over this Security Insirument; (b) appearing in court; and (c) paying reasonable
<br />attorneys' fees to prot�t its i�ezest in the Praperty aud/ar rights under ttus Security lnstrument, including its secured
<br />position in a bankruptcy procQeding. Securing the Property includes, but is not li.mited. to, enterivag the Property to
<br />make repairs, change locks, replace ar baard up daors and. windovvs, drain water from pipes, eliminate buildzng or
<br />other code violations or dangerous conditions, and have utilities � on or off. Althongh �nder may take action
<br />under il�s Section 9, Lender does not have to da so and is not imder any duty ox obligation to do so. It is agreed that
<br />I�ender inctus no liahility for not taldng any or all actions authorized under this Se�tion 9.
<br />NEBRASKA—Single Family—Fannfe MaeiFreddia Mac UNIFORM 1NSTRUMEM' - MERS ��
<br />Form 3028 1!0'f Page 5 of 13 www.dorntaglc.com
<br />xe303s.mu].xmt
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