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201200506 All insurance policies required by Lende�•and renewals oF such policies shall be subjecY to Zender's right Yo dieapprove such policies, sha11 include a standard mortgage claLisq and s1�a11 na�na Lendar as mortgagee and/or as an additional loss payee. Lender shall have the right to hold Ckepolicies and reuewal cartificaYee. If I,ender requires, Borrower shall promptly give to I,ender all receipts of paid premiums v�d renewal notices. IP Borrower ob4�in.s any form oP ineuravice eovcragq nof �therwise required by Lender, for damage to, or destruction of, the Property, such policy shall inolude a sfandard n�ortgaga clause aud sha11 nanie Leuder as inortgagee and/or ae an additional loss payee. In tha event of loss, Tiorrower shall give prompt uotice to the insiu•auce carricr and Lender. I.ender may malcc proof of]oss if not madc promptly by 13arrower. Unless Lender and Borrower oCherwise agroo in v,n�iCing, any insurance proceeds, wheCher or noC i4�e undcrlying insn�ance was recluired by Lender, shnll be applied to restoration or rapair of the Property, if the res6oxTCion or rapait is eoonomically fcasiUle aud Lendec's secm•ity is not losecnod. Dwing such repa.ir and resforatio7i period, Lender shall l�iave thc riglit to hold such insurancc prooeecla tu�Lil Lcndor has l�ad an opporhtuity to inspecf such Property to ensnre khe work l��s been eoinpleted to Lender's satisfaclion, provicieci Uhzt sueh inspection sha�ll be midertalcen pxompfly. Lender may clisburse proceeds for flie repairs and restorltion in a single paymc��t or in a series of progress payinents as tl�c worlc is cou�pleted. Uiiless a�i a�rezinent is inade in writing ox Ap�licable Law rcquiros inteeast to be paid on such insurenoe proceeds, Lendcr shall not Ue reqnired to pag IIorrower nuy interest or eamings on such proceeds. Fees Par public adjusters, or otlier Ihird parHes, retaincd Uy'Rorrower sha11 not be paid out of the insurance�roceede and sha11 be tihe sole obligation oP Borrower. If the reaCoration or repair is not cco��omically feasiblc or Le�3dpr's sccurity would ba lessened, tlie instu•ance proceeds shn11 be a��lied Co the siuns aecured by thie Seanrity Inslrmnenf, �vheCher or not then due, with the excess, if�ry, paid to Borrower. Suoh insurance proceecla shnll be npplied in the order providcd fc�r in Sectic�n 2. If Borrower nbandons Hie Propertg, Lender u�ay fle, negotiaCe aud settle any availaUle insLUanoe claim and relnked mattera. If Bon�ower daes not respond within 30 days to fl notioe fi�om Lcndor thaf tUo insurance carrier has oifered to scttlp a claun, then Lender may negotiate tui<l sattle the olaiin. The 30-dny period will bcgin whcn thc notice�is given. In either event�, nr if Lcndcr acquires fhe Properdy tmder Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's righes lo any u�euraucc pr occcds in an ainounf not tio exceed the axnoLinfa wipe�id under the Note or this Sectu'ity Iustrtunent, and(b) atry other of Bc�rrc�wcr's righCs (other than lhe righG Co any refund aC�uicarncd premiums paid by Borrower)under all insw-pnce policies oovering the Properdy, insofar aa sueh rights are applieablc to the coviceage of the Property. l.endex may use Hic insurancc procccds eithe� to repair or restora 11ie Property or to pay�mounts unpaid under tho Nofe or this Security Inalr�unenf, �vheCher or i�ot tl�e�1 due. 6. Oeeupancy. Rorrowec el�all occupy, cstaUlisl�, and uae Ehe Property as Borrower's prinoipal rasidence within 60 ciayF afCer hhe exeoution of Lhis Secm�ity InsCrwi�ent and ehall continue to occnpy flie ProparY�y as Borrower'e principal residence For at least one yeu� after the date of 000upancy, nnlese La��der otherwise a.grees in writing, u�hicl�conec7rt sha11 not be unre�souably witl�lield, or unless extenuating circumstances cxisC which are beyond Borrower's oonlrol. 7. Preservation, M aintenance and Protection of the Property; Inspections. I3orrower sliall not desG�oy, damege or impair the Property, a11ow the Proparty to deYeriorate or coimnit wasCe on thoProperCy. Whether or not Boxrower is residing in the Property, Ron�ower shall maint�in the Property in oxder to prevent lhe Property ftorn deteriornCing or ciccroasing i�� val�ie duc to its condition. Unless it is determined purauaut to Scctiou 5 thak re��vr or restor�tion is not eoononvc�llg feasibla, Bz>rrowe�'sl�all prompYly repaix the Property iP cl�maged to avoid fueflier deteriort�tion or damage, If inauru2oe or condeim�adion procecds are paid in co�mecCion with daniage to, ox the talcing of', Uie Proparty, Borrower ahall be reapousible for repvring or i�es^toring the'Property only if Ionder has rcleased procecds for auch puiposes. Lender niay disbtuse�roceeds 240000I5 NE9RASKA-Sin91e Famlly-f-annieMaclFreddieMac UNIFORM17 INSTRUTAfNT Form 3o28110�1 VM P�� VM P6(NE)(1106) Wollers KluWer Financial SeNices Pq�e 7 of 19