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201201147 Al1 insurance policies rec�uired Uy Lender and renewals of such policics shall Ue suUject to Lender's righC uo die�pprove such policies, sha11 include a stiuidArd mortgage olause, aud shall name l.ender as inorCgagee and/or fls an adclitional loss payeo. Lcnder shall have the right to hold the polioies ancl re��ewal ce�tifica�es, If Lender requixes, Borrower shall promptly givc to I,ender all reaeipts of p�id premiuma and re;ncwal notices. I4'Borrower obtains any form of insur<v�oe coverago, ncat otherwise required by Lender, for dan�age to, or destrucCiou of; the Property, such policy shnll inchuie a slandard inortgage dause and shall name Leuder aa nx�rtgagee and/or as �ai additional loes payea. In the event of loss, Borrower sha11 give prompt notice to the insuranea oarricr aaid l.ender. Lender may make prooP of loss if not madc proinptly l�y Rorrower. Unless Lender�nd Borrower oth�rwi�o a�reo in writing, nny insurance prooeecls, whether or not thc undorlyit� ineLUazice was raqLUred by Lender, shall bc applicd to restorati�an or repair of the Property, if the restoration or�rep�ir ia economically feasible az�d Lencler's secm'iiy is noL lesse��ed. During such repair and restorauon period, Lender slinll have Che right to hold such inetieance proceecie mitil Lznder has l�ad an opportuniry to inspect such Propexcy to ensure Cl�o work hsus been completed to Lander's satisfacCion, providod that such inepection shall be timdert�lcen promptty. Lender ia�ay disburse piroceeds fox the repairs nnd re.sCoi-2Ciov in a single payinent or in a series of progress paymetits as tha work is completed. Unless nn ngreement is niade ni writrng or Apl�licable Law requires intcrest Yo bo}�aid ori such inyurance proceeds, Lender shall not be i•equired Co pay Bon•owcr any interest or enrivngs on sucli proceecLs. Fecs for puUlic adjustere, or other third paa•tias, retainecl by Borrower sha11 not be paid out of the insw•ance�LOCeede aucf shall be the sole o6ligation of f3orrower. If the restoration or rep�ir is not economically feasible or Lender's security would be lesaeued, the insurance�rocceds sha11 be applied Co Che sun�e secured by Lhis Security Indtr•ume�it, whether or�zot Uien due, wifli the excesa, if any, paicl Yo Borrower. Such insurance proceecls ahall be npplied in Uie orda�prcrvided for in Section 2. If Borrower abandor�s the ProperCy, Lender inay filq ncgotiate and settle anya�ailable insuranee claim�nd related mntters. Tf BoiY•ower does not respond within 30 daq�Co a notice frc�m Lender tl�at fhe insucance caccier has of'fered to settle a claim, then Lender may negotiaee ancl seCCle Uie clain�. 'fhe 30-day period wi11 begin wUen the no6ce is given. In either eventi, or if Lender flequires the Properly under SccHon 22 nr ofl2erwise, ]3orrower hereby ansigns to Lender (2) I�orrower's righT�s to viy insurTnoe proceeds in an amounC not to �ceed the nniounts unpaid under the Note or Chis Seotiirity Instr��m�cnt, a��d(b) any other o4' Borrower's righCs (aTher than 1'he righti to a�y reftuid of unenrned preminms paid by 13orrowc�-)under all insurance policies covering th�Property, insofaz as such rights are appl3caUle to the coverage of Cha Properly. I;encier an�y use ihe insurauoe proceeds aither to repetir or resCore the Property or to pay ai�iounte impaid �uidor thc Notc or this Sccitrity Insr•tiunent, whether or not Uien due. 6. Occupancy. I3orrower shall occupy, establish, and use the Property ns Borrower's principal residcncc wi��hiu CO days aftcr tho cxccution of this Sectu�ity Instrumant and sha11 continue to ocoupy tl�ie Property as Boxrowet's principal xesideiioe for aC least onc year aftcr thv d•aCe of occupancy, unless Lender otherwie� agreas in writing, which consent ehn11 not be umenaonably wilhheld, or ut�lcss extonuating circwnsfTaicas exist whioh ara Ueyond Borrower's coutrol. 7. Preservatfon, Mainfenance and Protection of fhe Property; Inspections. Borrowa sUall vc�t destroy, damage or iropair tho Yroperty, allow the Property to cietei iorate or eoirmut wasta on the Property. Whether or not Borrower is xesiding in the Property, Borrower s1�111 n�aintain tho Vroperty in a der tio prevent the Proparty from deCeriorating or deereasing in value clue to its couclirion. UnlesR iu is detcr mined pw suant to 5eotion 5 that repair or restoratimi is not econoinically feasiUle, Borrower shAll prompCly re�tur lhe Property if damaged to avoici furCl�er deYc�rioration or ciainage. ]f insurance or condeimiation pcoeeeds ere paid in connection wiCh damnge to, or flie taking aP, lhe Prqperty, $orroWe�•ehall Ue responsiUla for re�>eiring or restoring the Property arily if Lender has rele�sed proceeds For such pnrpoecs. Lcnder may di9bm�se proceeds 2AD00213 NEBf2ASKA-9ingle familyfannie Maelf-retl�le A4 ac UNIfORM INSTRUM ENT Form 3019 17�1 VM P OO VM P6(NE)(7105) Wolters Kluwer Flnancial Services Page 9 of 1/