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2011092�� <br />additional loss payee. Lender shali. have the right to hold the policies and renewal certificaxes. If Lender requires, <br />Boaower shatl prompfly give to Lender atl r�ipts of paid premiurns and. renewal nofic�s. If Borrower obtains any <br />form of insiu�aace coverage, not otherwise required by Lender, for dam.age w, or d�stn�tion of, the Property, such <br />policy shall include a standard mortgage clause and shalt name Lender as mortgagee and/or as an addztional ioss <br />PaY�• <br />In the event of Ioss, Borrower shaU give prompt notice to the insurance carrier and T ender. Lender ma.y make <br />pmof of loss if not made promptly by Barrower. Ux�less Lender and Borrower otherwise agree iu� writing, any <br />incuran� pro�eetis, whether or not fhe underlying insurance was rec2uired by Lender, shall be applied to restorauon <br />or repair of the Properry, if the restoration or zepair is economically feasible and Lender's sexurity is not lessened. <br />During such repair and restoration period, Iznd.er shall have the right to hold such insuzance proceed.s unril Lender <br />has had an oppommity to inspect such Property to ensure the work has been completed to I.ender's satisfaction, <br />pravided that such inspection skiall be uadertaken promptly. Lender may disburse proceeds for the repairs and <br />restoration in a singie paynaent or in a series of progress payinemts as the work is com�leted. Unless an agresment <br />is made in writing or Applicable Law zequires interest to be paid on such insurance proc�ds, Lender shall not be <br />required to pay Borrower any interest or in+�s on such proceeds. F�s for public adjusters, or other third parties, <br />retained by Borrower shall not be paid out of the �r��*�nce proceeds and shall be the sole obligation of Borrower. <br />If the restorarion oz zepair is not economically feasible or Lender's security would be Iessened, the insurance proceeds <br />shaU be applied to the sums secured by �his Security Insmiment, whether or not then due, �vvith the excsss, if any, paid <br />to Borrowe�r. Such insurance praceeds shall be applied. in the order provided foz in Section 2. <br />If Borrower abaudons the Property, Lender may file, negotiate and settle any availabla i.nsurance claim and <br />related matters. If Borrower does not respond witl�in 30 days to a notice from Lender that the �n��*A*+ce carrier has <br />offered to settle a claim, then Lender may negatiate and settle the claim. The 30-day peri«i will begin when the <br />notice is given. Iu eitt�.er evem, or if Lsnder acquires the Property under Section 22 or otherwise, Borrower hereby <br />assigns to Lender (a) Borrower's rights to any insurrance proceerl.s in an amo�mt not to exceed tbe amounts u�aid <br />under the Note or this Sec�irity Instrament, and (i�) any other af Barrower's rights (other than the right to any refund <br />of unearaed pre�miums paid by Borrower) under aIl insurance policies covering the Properly, insofaz as such rights <br />aze applicable to the coverage of the Property. Lender may use the insurance proc�eds eitker to repair or restore the <br />Property or to pay ainou�s unpaid under the Nate or this Secwrity Instrument, whether or not then due. <br />6. �pancy. Bonrower shall occupy, e.stablish, and use the Properry as�rrower's principaT residence <br />within 60 days after the executzon of this Security Instrument and shall cominue to occupy the Property as Bonower's <br />grincipal residence for at least one year after the date of occupancy, uuIess T.ender otherwise agrees in writing, which <br />consern shall not be unreasonablq witliheld, or unless extenuating circumst,�nces exzst which are beyond Borrower's <br />co�'oI. <br />7. Preservai3on, Maintenance and Protecfiion of the Property; Tnspections. Boxrower sha11 not destroy, <br />damage or impair the Property, allow the Propeny to deteriorate or coanmit waste on the Property. Whether or not <br />Borrower is residing iva the Property, Borrower shall maintain the Property in order to prevemt the Property from <br />deteriorating or decreasing in vaIue due to its coadition. Unless it is determine3 piusuant to Section 5 that repair or <br />restoration is not economicaily feasible, Borrower shatl promptly repaix tlie Property if damaged to aeoid further <br />deterioratian or damage. � insurance or condemnarion proceeds are paid in connection a+itfi� damage to, or the taldng <br />of, the Properry, Borrower shall be responsible for repairing or restoring the Pmperty only if Lender has zeleased <br />proceeds for suclz purposes. L,endez ma� @isburse proceeds for the repairs and restaration in a single paymant or ffi <br />a series of progress payme�s as the work is completed. Tf the insnrance or condemnation pmceeds are not sufficient <br />to repair or rastore the Property, Borrower is not reIieved of Bozrower's obligation for the compT.etion of such repair <br />or restox�ation. <br />Lender ar its agent may make reasonable e�Cries upon and inspections of the Properry. If it has reasonable cause, <br />Lender'may inspect the interior of the improve�m�enLs on the Propercy. Lender shall give Borrower notice at the time <br />of or prior to such an imerior inspection specifying snch reasonable cause. <br />8. Borrower's Loan Appiication. Borrower shall be in default if, during the Loau application process, <br />Borrower or azry persons or erniiies acting at the direction of Borrower or with Borrower's 1mowledge or consent gave <br />aiaterially false, misleading, or i�MTTate informat�on or statements to Lender (ar fail� to provide Lender with <br />material inforrnafion) in connectzon wi�th the Loan. Material representatzons include, but are not limifsd to, <br />representazions concerning Bonrower's occupancy of the Property as Borrower's grincipal zesidence. <br />9. Protection of Lender's Tnter�st in the Properiy and Rights Undex this Security Tnslr�ent. If {a) <br />Borrower fails to perform the covenants and agreements contained in this Security Instrumern, (b) there its a legal <br />proceeding that might significantly affect Lender's mterest in the Praperty andJor rightc under this Security Instr�mem <br />(such as a proc�ding in bankraptcy, probate, for condemnation or forfeiture, for enforce�ment of a iien which may <br />attain priority over tbis Security Insf�ument or ta enforce Iaws or regvlations), or (c} Bonrower has abandoned the <br />Property, then Lender may do and pay for whatever is reasonable or agpropriate to protect Lender's interest zn the <br />Pm�erry and rights under this Security Instrument, including protecting and/or assessing the value of the Property, <br />and secw4ng andlor repairing rhe Property. Lender's actions can include, but aze not Iirnited to: (a) paying any sums <br />secured by a lien which has priority over this S�uzi#y Instrument; (b) appearing in court; and (c} paying reasonable <br />attomeys' fees to protect its interest in the Froperty and/or rights under this Security �nsdrument, including its secured <br />position in a bankruptcy pzoc.eeding. Secvriag the Property includes, but is not Iimited to, entering the Property to <br />m.ake repairs, cliange locks, replace or boazd up dooxs and windows, alrain water from pipes, eliminate builcling or <br />other code violations or dangerous conditions, and have utiliries tumed on or off. Although Lender may take actzon <br />under this Section 9, Lender does not have to do so and is not uader any duty or obligarion to do so. It is agreed that <br />Lpadet incurs no liability for not tal4ng any or all actions authorized vnder this Section 9. <br />NEBRASKA--Sfngls Family—Fannie MaelFreddie Mec UNIFORM [NSTRUMEIVT - MERS par�Bglc� <br />Form 302$ 1J09 Page 5 of 1 i www.docrr+agk.cam <br />Ncf028.m�9.aal <br />