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201108171
<br />If Borrower fiails to rrraintain any of the coverages described above, Lender may obtain insurance
<br />coverage, at Lende�'s optior� arjd Borrowet's expense. tencfe� is uriti� rre� obtiga#�xt to purc�rase afly
<br />particular type or amount of coverage. Therefore, sueh coverage shatl cover Lender, but might or might
<br />twt protet� Btxrfwver, Borrower's �quit�t in the Rroperty, or � cxx►ten#s of t#ae Rraperty, against any rislc,
<br />hazard or liability and might provide greater ar lesser caverage than wras previausly in effeat. Borrovv+er
<br />ac�cno�nrle�s t#�a# ##�e cost of th� it�sufance cflv��ag� so c�taineci migh# sig�ifi�anUy exr.sed �#ts c�s# of
<br />insurar�ce that Bc�rrvwer could have ob#ained. Any amounts disbursed by Lender under this Sectior� 5
<br />shal! k�ecorr�e additia�al �eb# o�' Barrourer s��red by #his Sect�ri#y In�trumenL T�es� amtwnts shall h�
<br />interest at the Note rate from the date of disbursement and shail be payable, wifh such in#erest, u�on
<br />no�ice from Le�der to Borro�n►er re4��9 P�Ym�#•
<br />All insura�ce policies reqai�ed by Lender and rerrewals af such puticies shalt be subject ta
<br />Lecuier's rigl�t #o disa�xoue such pot�c�es, shall i�lude a s#andard mortgage clause, ar�d shaU r�ar�e
<br />tender as mortgagee and/or as an add�tianat toss payee. Lender shatl have the right to hotd the poficies
<br />a� ra�evaal c�rti€ca#E�. !# �ender r�ires, Borro�r shaN �'om{�t{p S+�re ta Le�cier all rece�p#s of paici
<br />��r,�ms and renewral notic�s. lf Borrower obtains any fexm of insurance coverage, rtot othenwise
<br />reqt�ted by Lertder, for damage #a, t�r ciestruc#ion vf, #fie Rrc3perty, such pe#Rcy shaN inaHfcle a s#andard
<br />mortgage dause and sMaIF name Lertder as mortgagee and/ar as art additional loss payee.
<br />#c► � ever�t v� #oss, Bofrowre� sM�fl give pFOr�pt no�iee to t#�e i�sur�nce earri�f a�►d Ler�der.
<br />tender may make proof of foss if not made promptl�r by Borrower. Untess �ender and Borrower
<br />othenNise agree in writing, arry insurance proc�eds, wfiether or not ifie underlying insurance was required
<br />by Lender, sfiafi be app�red to resforation or repair of the Property, if the resforafion or repair is
<br />ecanomicaify fe�sib#e and Lertder's s+eee�y �s no� fesserted. Dur�� sveh repair arid r+estoFa�ofl pefiad,
<br />l.ender shaH have the right to hold such irts�teance prc�eeds until Lender has had an opportunit�r to
<br />inspec# suc�t Rroperky to 8nsure #he wrcxk #r�s t�een �� #fl lender's satisfact�an, �'a�ide� that such
<br />inspee�ion shall be u►�dertakert profnptlyF. Lertder may disb�rse proceeds fnr the repaffs and restoration in
<br />a sing4e PaYment or in a ser+e� a# prc�ess pa�ents as ##�e �k �s caFnpleted. Un�ess an agr�emsnt is
<br />made in writi�g or Applicable Law requires interest to be paid on such i�surance pcoceeds, Lender shaH
<br />r3ot t�e rec�uired to �y B�rFOHrer �y interest or eamings on s�h pruceeds. Fees #cu public adjus#ers, or
<br />o#her third par@es, retained by Borrower shalk nv# be paid ou# of the insarance Rroceeds and shalk be the
<br />sole o�bliga#ian r�f 8�curo�nr�r. !f th� re.s#a�ati�n Qr repair is not eca�nurr�c�ly feasihle ar Lend�'s security
<br />wouki be lessened, the insurance proceeds shal! be applied ta the sums secuced by this Secucity
<br />Instr�mer�t, �arhett� cu not thP.n due, �ti� the excess, i� a�y, Paid tu Bc�vwer. Suc� insurancs proc�eds
<br />shalt be appfied in the order pravi� for in Seetion 2.
<br />1f Borrower abandans tt�e Property, Le�der tr�ay file, c�egot+ate a�ci se#tle an� availab4e insurance
<br />elaim and relatecf matters. {f Borrcwver does not respond wi�itin 30 days to a notice from Lender that the
<br />irtsuranc� ca+rier #ias c�ered to settle a�laim, then Lertder may t�t�ate ar�i settle the claim. The
<br />30-day period wiH begin when the nofice is g"�vert. M e"rther event, or if Lender acquires the Property under
<br />SE:G'�10fl ZZ Of d'�1@fiiNIS� Sort9awer hereb�r assigns to te�nder (a} Bomowe�s rights to any insemar�ee
<br />proceeds in an amount not to exceect the amounts unpaid under the Note or this Security tnstrument, and
<br />(b) ar�y other af Borrower'� rigfits (other than the right to arry refund of uneamed premiums paid by
<br />BoROwer} urtder aff insurance poGaes covering the Property, insofar as such rights are appticabfe to the
<br />eover�ge of tl�e Rroperty. Lende� may use the ir�s�rartee proeeeds e�er to �epair oF fes#ore the Property
<br />or to pay amounts anpaid under the Nvte or this Security fnstrt�mertt, whether or not then dae.
<br />6. Oc�pancy. Barrornrer shaH oc�uPY, �stablish, artid tfse t�te Rraperty as Borrflwei's prinapal
<br />residence w�ithin 6Q days after the execution of this Security fnsbvment and shall corrtinue to occcipy the
<br />Property as Bor�owe�'s pri�cipal �eside� #c>r a# I�ast one pear after the da#e o# ocxupa�r, unless
<br />Lendar athenrvise agrees in writing, which consent shall nat be unreasanably withheld, ar unless
<br />exte�wa�ng c9rcums#ancQS e�s# uvt� are beyc�d &uro�arer's c�rt#rol.
<br />7. Preserva#ion, Maintenance and Protec�ion of the Property3 Inspe�tions. G w
<br />� 3 O O O 1 6 9 1 7 1�
<br />NEBRASKA—Sfngle Family-Fannla M�Freddie Mac UNIFORAA IPISTRUMENT
<br />finafe Doeumetrt Servieea � 3tf27 62106
<br />* M�#1 D O T i.
<br />Form 3028 1/01 (�ge 8 of 14 pages)
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