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KEVIN S KISER TINA KISER � o ������� 1Q/14/2011
<br />All insurance policies required by Lender and renewals of such policies shall be subject to Lender's right to
<br />disapprove such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee and/or as an
<br />additional loss payee. Lender shall have the right to hold the policies and renewal certificates. If Lender requires,
<br />Bonower shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any form of
<br />insurance coverage, not otherwise required by Lender, for damage to, or destruction of, the Property, such policy shall
<br />include a standard mortgage clause and shall name Lender as mortgagee and/or as an addirional loss payee.
<br />In the event of loss, Borrower shall give prompt norice to the insurance carrier and Lender. Lender may make
<br />proof of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any insurance
<br />proceeds, whether or not the underlying insurance was required by Lender, shall be applied to restoration or repair of the
<br />Property, if the restoration or repaYr is economically feasible and Lender's security is not lessened. During such repair and
<br />restoration period, Lender shall have the right to hold such insurance proceeds until Lender has had an opportunity to
<br />inspect such Properly to ensure the work has been completed to Lender's satisfaction, provided that such inspection shall be
<br />undertaken promptly. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of
<br />progress payments as the work is completed. Unless an agreement is made in writing or Applicable Law requires interest to
<br />be paid on such insurance proceeds, Lender shall not be required to pay Bonower any interest or earnings on such proceeds.
<br />Fees for public adjusters, or other third parties, retained by Borrower shall not he paid out of the insurance proceeds and
<br />shall be the sole obligation of Borrower. If the restoration or repair is not economically feasible or Lender's security would
<br />be lessened, the insurance proceeds shall be applied to the sums secured by this Securiry Instrument, whether or not then
<br />due, with the excess, if any, paid to Bonower. Such insurance proceeds shall be applied in the order provided for in
<br />Section 2.
<br />If Borrower abandons the Proparty, Lender may file, negotiate and settle any available 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 to settle
<br />a claim, then Lender may negotiate and settle the claim. The 30-day period will begin when the notice is given. In either
<br />event, or if Lender acquires the Properly under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's
<br />rights to any insurance proceeds in an amount not to exceedthe amounts unpaid under the Note or this SecurityInstrument,
<br />and (h} any other of Bort�ower's rights (other than the right to any refund of unearned premiums paid by Borrower) under
<br />all insurance policies covering the Property, insofar as such rights are applicable to the coverage of the Property. Lender
<br />may use the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the Note or thia
<br />Security Instrument, whether or not then due.
<br />6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within 60
<br />days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower's principal
<br />residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall
<br />not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower's control.
<br />7. Preservation, Maintenance and Protection af the Property; Inspections. Borrower shall not destroy,
<br />damage or impair the Properly, allow the Property to deteriorate or commit waste on the Property. Whether or not
<br />Borrower is residing in the Property, Borrower shall maintain the Property in order to prevent the Property from
<br />deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that repair or
<br />restoration is not economically feasible, Borrower shall promptly repair the Properly if damaged to avoid further
<br />deterioration or damage. If insurance or condemnation proceeds are paid in connection with damage to, or the taking of,
<br />the Property, Bonower shall be responsible for repairing or restoring the Properly only if Lender has released proceeds for
<br />such purposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress
<br />payments as the work is completed. If the insurance or condemnation proceeds are not sufficient to repair or restore the
<br />Property, Borrower is not relieved of Borrower's obligation for the completion of such repa'vr or restoration.
<br />Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause,
<br />Lender may inspect the interior of the improvements on the Properly. Lender shall give Borrower notice at the time of or
<br />prior to such an interior inspection specifying such reasonable cause.
<br />8. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, Borrower
<br />or any persons or entities acting at the direction of Borrower or with Borrower's knowledge or consent gave materially false,
<br />misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material information) in
<br />connection with the Loan. Material representations include, but are not limited to, representations concerning Borrower's
<br />occupancy of the Property as Borrower's principal residence.
<br />9. Protection of Lender's Interest in the Property and Rights Under tlus Security Instrument. If
<br />(a) Borrower fails to perform the covenants and agreements contained in this Security Tnstrument, (b} there is a legal
<br />proceeding that might significantly affect Lender's interest in the Property and/or rights under this Security Instrument
<br />(such as a proceeding in bankruptcy, probate, for condemaation or forfeiture, for enforcement of a lien which may attain
<br />priority over this Security Instrument or to enforce laws or regulations), or (c) Borrower has abandoned the Property, then
<br />Lender may do and pay for whatever is reasonable or appropriate to protect Lender's interest in the Properiy and rights
<br />under this Security Instrument, including protecting and/or assessing the value of the Properly, and securing and/or
<br />repairing the Property. Lender's actions can include, but are not limited to: (a) paying any sums secured by a lien which
<br />has priority over this Security InsMzment; (b) appearing in court; and (c) paying reasonable attorneys' fees to protect its
<br />interest in the Property and/or rights under this Securiry Instrument, including its secured position in a bankruptcy
<br />proceeding. Securing the Property includes, but is not limited to, entering the Property to make repairs, change locks,
<br />replace or board up doors and windows, drain water from pipes, eliminate building or other code violations or dangerous
<br />condirions, and have utilities turned on or off. Although Lender may take action under this Section 9, Lender does not have
<br />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
<br />actions authorized under this Section 9.
<br />Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower secured by this
<br />Security Instrument. These amounts shall bear interest at the Note rate from the date of disbursement and shall be payable,
<br />with such interest, upon notice from Lender to Borrower requesting payment.
<br />If this 5ecurity Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease. If
<br />Borrower acquires fee title to the Properly, the leasehold and the fee title shall not merge unless Lender agees to the merger
<br />in writing.
<br />10. Mortgage Insurance. If Leader required Mortgage Insurance as a condirion of making the Loan, Borrower
<br />shall pay the premiums required to maintain the Mortgage Insurance in effect. If, for any reason, the Mortgage Insurance
<br />coverage required by Lender ceases to be available from the mortgage insurer that previously provided such insurance and
<br />Borrower was required to make separately designated payments toward the premiums for Mortgage Insurance, Bonower
<br />shall pay the premiums required to obtain covexage substantially equivalent to the Mortgage Insurance previously in effect,
<br />at a cost substantially equivalent to the cost to Borrower of the Martgage Insurance previously in effect, from an alternate
<br />mortgage insurer selected by Lender.
<br />NEBRASKA—Single Family-�Fannie Mae/FreddIe Mac UNIFORM INSTRUMENT Form 3028 1/Ol
<br />NE210M-2 4/2010 Origiaal (Recorded) Copy(Branch) Copy(Cu9tomer) Page4of8
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