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<br /> All insurauce policies reqnired by Lender az�d renewals oY such pollcics shall bc subjecC to I.ander's rigl�t w
<br /> disapprove such policies, shall include a standa�d morlgage clause, and shall name Lender as mortgagee
<br /> and/or as an additional loss payee, L.ender shall have the right to hold tlie policies and renewal certificates. [f
<br /> L,ender requires, Barrower shall pcompUy give to Lender all receipts oY paid preii�iums and rencwal notices.
<br /> If Borcower oUtFtins any f'orn7 of insurance c;ovcrage, noC oCherwise required by Lender, for damage to, or
<br /> destruction of, the Property, suci�policy shall include a standard morCgage clause and shall name Lendec as
<br /> morCgagee and/or as an additional loss payee.
<br /> In tl�e event of loss, Borrower shall give prompt notiee to the instica�ce carriee and Lender. Lender may
<br /> make proof of loss iP not made promptly by Borrower. Unless Lender and Borrower otherwise agree in
<br /> wriCing, any insurance proceeds, whether or not Che undarlying insurance w2s required by Lendcr, shatl he
<br /> applied to restoration oc repair of the Property, 3f the restoration or repair is economically fe2sible nnd
<br /> Lender's seci¢ity is iiot Lessened. Durin� such �epalr and restaration period, Lender sliall have tl�e right f�o
<br /> hold such insurance p�roceeds until Lender has had an oppoiKUnity Yo ivspect such Propeety to ensucc Che
<br /> work has beeo comExLeYed Yo Lendei's satisPaction, provided that such inspection shall be undertalceo
<br /> protnptly. L,ender may disburse proceeds f'or tlie repairs and restoration in a single payment or in a series of
<br /> progress pttyments as tlie work is compleCcd. Unless an agreement is made in writing or Applicable Law
<br /> requixes interest to be paid on such iosuranee proceeds, I�ender ehall vot be required to p�ry Br�rrowor any
<br /> inCeresC ar carnings o» such prnceeds, Pees for public adjusters, or otl�er thlyd parties, tefaineti by I3orrower
<br /> ahall nnt be paid out t�f the insurance proceeds nnd shall be the sole obligation of Borrawer, if the resroratiou
<br /> or repair is �tok economically feasible or Lender's securiry would bc lessened, the insurance proceeds shall be
<br /> npplied ta the sums secured by this Security lnstrument, wha[her or not then due, witli Phe excess, if tmy,
<br /> ptdd to Borrower. Such insuxancc proceeds shall be applied in the order provided fox in Section 2,
<br /> If Borrower 2Uandoiis the Property, Lendcr may file, negotiate and settle auy availaUle insurailce claim and
<br /> rclated maCtcrs. PP Rorrower does not respond wiCliin 30 days Co a notice froui Lender that the insurance
<br /> carrier has offered to settle n clnim, tl�en Lender may negotiate �md settic thc clai�n. "fhe 30-day period will
<br /> begin when Ylie notice is giveii. In either event, oc iP L,endcr acquires the Propecty under Section 22'or
<br /> otherwise, Borrowec horeby assigns Co Lender (a) Borirower'e righes to any insuravice proceeds in an acnount
<br /> nol lo eYCecd fhe amounts unpaid under the Note or this Secuiiry Insh�ument, and (b)any o�her of
<br /> Borrower's righCS (oCher than the riglrt to any refund of unearned preniiums paid by Borrpwer) wTder all
<br /> insua�ance policies covecin�; Chc Proper�y, insoPar as sueli rights are applieable to [he coverage�f the
<br /> Propecty. Lcnder may use the insurance prooeeds eiCtier to repair or rastore the Property or to pay aniounts
<br /> unpaid under Che Note or this Security InsYivment, wlietlaer or not then iiue.
<br /> 6. pccupancy. Borrower shall oecupy, estahlish, and use tl�e Property as Borrower's principa] residence
<br /> wiChin 6Q days afCer the sxecution oP tliis SecuriCy Instruument and shall continue Co ocoupy the Property as
<br /> Borrower's principal residence for at least one yexc after thc datc of occupancy, unless I,endet otlierwise
<br /> agrees in writing, whicli eoiisent shall not be unreasonably withheld, c�r unless extanuating circumstances
<br /> exist whicli are beyond Boxrower's conteol,
<br /> 7. Preservation, Maintenance and Protection of the Property; Inspections. IIorrower shall nut dcst�roy,
<br /> damage or imp.iir tlie Property, allow fhe Properry to deteriorate or coimnit wnste on the Propexty. Whakher
<br /> or nc�t Eocrower is residing in the Pro,perty, Borrower sh211 maintain Che Property i�� order Co prevent the
<br /> Property from deteriorating or decreasing in valne due to its condition. Unless iC is determined pur�uant to
<br /> Seetion 5 that reF�air oc iesCoration is not ecmioinically Pcasible, Borrower shall pcomptly repair the Property
<br /> if damaged to avoid fui�her deteiioration or d<unage. If insurance or condemnatiou proceeds are paid iii
<br /> connection with dama�;e to, or thc taking oP, Che Properry, Bocrower shall Ue responsible foe repairing or
<br /> restoring lhe Properry only if Lender has celeased proceeds for such purposcs. Lender may disburse praceeds
<br /> zn000see
<br /> NEBRASICA-Single Femily-Fannle MeelFroddlo Mac UNIFORM W6TRUMENT Porm 3028 1I01
<br /> VMP(y VMP6ME1111051
<br /> Wolmrs Nluwm Flnonaiol 3orvlces _ Pe➢e]of 17
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