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<br />All insurance policies required by Lender and renewals of such policies shall be subject to Lender's right to
<br />disapprove such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee
<br />and/or as an additional loss payee. Lender shall have the right to hold the policies and renewal certificates. If
<br />Lender requires, Borrower shall promptly give to Lender all receipts of paid.premiums and renewal notices.
<br />If Borrower obtains airy form of �nc�,��p coverage, not otherwise required by Lender, for damage to, or
<br />destruction of, the Properiy, such golicy shall include a standard mortgage clause and shall name Lender as
<br />mortgagee and/or as an additional loss payee.
<br />In the event of loss, Bonower shall give prompt notice to the �nc�ransp carrier and Lender. Lender ma.y
<br />make proof of loss if not ma.de promptly by Borrower. Unless Lender and Borrower otherwise agree in
<br />writing, any insurance proceeds, whether or not the underlying inc�ransp was required by Lender, shall be
<br />applied to restoration or repair of the Property, if the restoration or repair is economically feasible and
<br />Lender's security is not lessened. During such repair and restoration period, Lender shall have the right to
<br />hold such �nc�*ance proceeds until Lender has had an opportunity to inspect such Properiy to ensure the
<br />work has been completed to Lender's satisfaction, provided that such inspecdon shall be undertaken
<br />prompfly. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of
<br />progress payments as the work is completed. Unless an agreement is made in writing or Applicable Law
<br />requires interest to be paid on such �nc�,�nsP proceeds, Lender shall not be required to pay Borrower any
<br />interest or earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Borrower
<br />shall not be paid out of the insurance proceeds and shall be the sole obligation of Borrower. If the restoradon
<br />or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be
<br />agplied to the sums secured by this Security Instrument, whether or not then due, with the excess, if airy,
<br />paid to Borrower. Such insurance proceeds shall be applied in the order provided for in Section 2.
<br />If Borrower abandons the Property, Lender may file, negotiate and settie any available �nc�,�nce claim and
<br />related matters. If Borrower does not respond within 30 days to a notice from Lender that the insurance
<br />carrier has offered to settle a claim, then Lender may negotiate and settle the claim. The 30-day period will
<br />begin when the notice is given. In either event, or if Lender acquires the Property under Section 22 or
<br />otherwise, Borrower hereby assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount
<br />not to exceed the amounts unpaid under the Note or this Security Inslrument, and (b) any other of
<br />Borrower's rights (other than the right to any refund of unearned premiums paid by Borrower) under all
<br />insurance policies covering the Properly, insofar as such rights are applicable to the coverage of the
<br />Property. Lender ma� use the �nc„ran�p proceeds either to repair or restore the Property or to pay amounts
<br />ungaid under the Note or this Security Instrument, whether or not then due.
<br />6. Occupency. Borrower shall occupy, esta.blish, and use the Property as Borrower's principal residence
<br />within 60 days after the execution of this Security Instrument and shall continue to occupy the Properiy as
<br />Borrower's principal residence for at least one year after the date of occupancy, unless Lender otherwise
<br />agrees in writing, which consent shall not be u�easonably withheld, or unless extern�ating circn*r+cr�ps
<br />exist which are beyond Borrower's control.
<br />7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy,
<br />damage or impair the Property, allow the Property to deteriorate or commit waste on the Property. Whether
<br />or not Borrower is residing in the Property, Borrower shall maintain the Property in order to prevent the
<br />Property from deteriora.ting or decreasing in value due to its condition. Unless it is determined pursuant to
<br />Section 5 that repair or restoration is not economically feasible, Borrower shall prompfly repair the Properly
<br />if dama.ged to avoid further deterioration or dama.ge. If �nc�*Ance or condemnation proceeds are paid in
<br />connection with da.mage to, or the taking of, the Property, Borrower shall be responsible for repairing or
<br />restoring the Property only if Lender has released proceeds for such purposes. Lender may disburse proceeds
<br />N�RASKA-Single Family-Fannie Mee/Freddie Mac UNIFORM INSTRUMENT
<br />VMP �
<br />Wolters Kluwer Flnancial Sarvicas
<br />Form 3028 1/01
<br />VMP6INE) (11061.00
<br />Paga 7 of 17
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