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<br /> All insurance po[icies required by Lender and reiiewals oP such polieies shall be subject to Lcnder's right to
<br /> disapprove such polieies, shall include a sttmdarc7 mortgage clause, and shall name Lender as mortgagee
<br /> and/or as an addiYional loss payee. Lender shall have the righC Ca hold tlie policies and renewal eertificntes. If
<br /> Lender requires, Borrower shall prompl'ly give to Lender all xeceipts of paid pxemiums ai�d renewal ilotices.
<br /> If Borrower obtains any form of insurance opverage, not otherwise rcquired by Lender, for damage to, or
<br /> deyh�uction oP, Che Property, suph policy sl�all include a standa�d mortgage elause and shall nama Lender as
<br /> marCgagee and/nr as an additional Ioss gayec.
<br /> In the evenC oP loss, Borrower shall give prompt notice lo the ins�irauce carrier and Lcndei. Lender mny
<br /> make proof of loss iP not made proinptly by Borrower. Unless Lender and Boerowcr otherwise agree in
<br /> writiug, any insurnnce proceeds, whether or not the underlying insurtmce was required �y Lender, shall be
<br /> 2pplied to reetorafion or repair of Yhe Pcoperty, if the restoeaCion or repair is economically Peasible and
<br /> Lender's sccuriCy is not Iessex�ed. During such repair and restora6on peiiod, Leiider shal]have tl�e righ[to
<br /> hold such insuranee proceeds until Lender has had an opportuuiYy to inspect such Pro�erty Cp ensure the
<br /> work has been completed to Lender's satisfaction, provided that such inspecCion shall be undectalcen
<br /> prompYly. Lender may disbursc proceeds for the repairs and restoration in a single payment or in a series of
<br /> progress payments as �he work is eompleted. Unless an agrcemenl is roade in writing or Applicable Law
<br /> tequires inCerest to be paid on sucl� insurancc proceeds, L,ender sli�ll not Ue requircd to pay Borrower any
<br /> interesC or earnings on such procceds. Fees for public adjusters, or other third parties, retained Uy Borrower
<br /> sliall nof be paid out uf CLo insurance proceeds nnd shall be the aolc obligation pf Borrower. IY Iho restoration
<br /> or rel�air is not economically feasible or Leuder's securiCy would be ]essened, die insurance proceeds sl�all be
<br /> applied Co Che sums secured by tliis Security Instrument, whether or not tlien due, with the excess, if any,
<br /> paid Co Sarro�ver, Such insurance proceeds shall be applied in tlie order provided Cor in Seetioi�2.
<br /> IYBc�rrowcr abandons the Property, Lender may'file, negotiate and settle any availablc insurance claim nnd
<br /> related matters. If Borrower does not respond wiChin 30 days to a notice from Lender that the insur�uice
<br /> carrier has offered to settle a claim, then Lender may negotiate 1nd settle thc claim, The 30-day period �ill
<br /> begin wlien the notice is given. In either eveut,ot if Lender ucquires Che Properry under Section 22 or
<br /> ofherwise, Borrower hereby assigxts to L,ender (.i) Boceower's rights to any 'tnsurance procecds in an amotwt
<br /> not to ehceed lhe amounYS unpaid under tlie Note or this 5ecurity L�strument, and (b) any other of
<br /> Borrower's rights (other tl�an the cighC lo any refiutd of unearned premiums paid by Borrotuer)under al]
<br /> insurance policics covering the Property, iusofiir as such rights are applicable to the covcrage of tl�e
<br /> Property. Lender may use Clie ivsurance procecds either to repair or xest'ore tl�e Pxoperty or to pay amoui�ts
<br /> unpaid under tlie Note or Ihis Secucity InsCrument, whether or not then due.
<br /> 6. Oceupancy. Rorrower shap occupy, est�iblish, and use the PrqWerty as Borrower's principal residence
<br /> within 60 days a�Cer tlie execution of this Secueity Tnstrument a¢d shal] continuc to occupy Yhe Property as
<br /> Borrower's principnl xesideuce Yor at IeasC ooe year af[er the date of occupancy, unless Lender oCherwise
<br /> agrees in writing, which consenC shall not be unreasonably withheld, or unless extenuating aircumsCancee
<br /> exist wl�ich ara beyond Rorrower's control.
<br /> 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrowcr shall oot destroy,
<br /> �damage or impair the Property, �llow tllc Properly to deteriorate or commit wasCC on Che ProperYy. Whether
<br /> or not Borrower is cesiding in tli€ Properry, Borrower sliall maii�tain the Property in m�der to prevent Che
<br /> ProperCy Prom deteriorating m� dacreasing� in value due to its condition. Unless it is determiiied pursuant to
<br /> Sectioii 5 tl�at repair or resCOration is not econoinically feasible, ]3orrower shall promptly repair the Proper[y
<br /> if drunaged to avoid further deYeriorfl[ioii or damaga. Tf insurance or condemntition peoceeds are paid in
<br /> connection with damage Yo, or the taking of, tha ProperCy, Borrower shall be responsible Por repairing or
<br /> restoring tlie Properry only if Lender has released proceeds for such puiposes. Lender may disUurse proceeds
<br /> za000sn�
<br /> NEeRASKA-5lnqle Famlly-Fannlo Moo/Reddie Mao UNIFORM INSTRUMENT Form 3028 ll01
<br /> ��p n VMPBWE��7106)
<br /> Woltere Kluwer Flnandal 6erviees Paqo'!of 1�
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