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201207417
<br /> AI1 insurauce poTicies required by L,ender and renewals of such polioies shall bc suUject to I,ender's r1ghY to
<br /> disapprovc sucl�polieies, shall inclnde a standaid inorCgagE clause, and eha11 ntm�e Lender as mortgagce
<br /> nnd/or as�n addiCional lose payce. Londcr shall have the rigl�t to liold the�policies and renewal certifioates. If
<br /> Lender requires, Borrower shall proinplly give to Lender a71 reccipte of paid preinituns and renewal notices.
<br /> If Borrower oUtains any forsn of insiu•nnce ooverage, not otherwise reqLiireci by Lender, foe dauiage to, or
<br /> desd'uction of, the Properdy, such policy shall include fl standard martgage clauso and el�ali namc T,ender as
<br /> mortgagce and/or as an additiounl lo9s payee.
<br /> lu fl�e event of lose, Rorrower shall �ive prompti notice to the instuanoe c�arier tmd Lender, Lender may
<br /> make proof nf loas if not n�ade�rornptly by Borrowor. Unlcss 1�ondzr and Borrower otherwise agree in
<br /> writing, nny insw•ance proceeds, �vheCher or no[the underlying ineurai�ce was reqiured by Lender, shall be
<br /> applicd to restoratioi� or rcpair of tve Pro�erty, if tl�e restoration or repair is economicAlly fet�sible and
<br /> Lender's security ie noC lessened. DLuing s�ich rcpair avd rostoration peeiod, Lender shall have the right to
<br /> hold snch insurcaroe proceeds Lmtil Lender has l�ad rm opportui�iCy to inepcct such Propexty to ensure lhe
<br /> work hes Ueen completed to Lender's satisfactiou, provided that such inspecCion shall bc undcrtalwn
<br /> promptly. Lender may disburse proceeds lor the�repaiis and.restoratiou in a single�nymenl or iu n series.oP
<br /> progress�aymcnts as the worlc is completed. Uiilese an agreement is made in writing or Applicable Law
<br /> requn�ea inCeresl Co be paid ore such itieurance pxoceeds, Lender shall not bc eccgiired to yay Iion'ower any
<br /> interest or earnings on such proceeds. T'ees for public adjustera, or other diird parfies, refained by Boirowcr
<br /> shall not be peid ont of the instu�uice proceeds and shall be the sole obliga�tiion of Botrower. If the restoration
<br /> or repeir is not economicallg�Peasible or Lencier's seciu�il�y wo�dd be lossencd, tl�o insurance proceeds shall be
<br /> applied to the sums secured by Cliis Seourity Insdvment, whether or iiot Chei�i dne, with the excess, if ai�q,
<br /> paid to Rorrower. Sueh insurance proceeds sl�all be applied in tha order provided£or in Section 2.
<br /> If Bon•ower aUandons tha Property, Lander may file, negotiate and settle euy available instu nnce claim arid
<br /> rela#cd matters. If Borrowet does not respond wiflini 30 days to a noEice li�oin Lender that the insnranoe
<br /> carrier hns ofCered 6o seffle a claim, tl�en Lendcr mEry ncgotiato and seftle the claim. The 30-da�y period wIll
<br /> begin when the notice ie given. In either event, or if Lender acquires lhe Propertq under Secfion 22 or
<br /> otherwise, 13orrowec hereby assigns to Lender(a)]3orrower's rights to any iusurance proceeds in an amottn4
<br /> nof fo exeeed �lio�mounLs ut�paid wtder Yhe Note o��this Secutity Instrument, aaid(U) any other of
<br /> Borrower's righke (other than the righ[to any refimd oP une�rneci prcmiums paid Uy Rorrower)under a11
<br /> insarance�olicies covering tl�c Prt�}�erty, insaf�r as suoh rights are applicabla to the coverage of the
<br /> Property. 'Lender may use the ivsureiice prooeeds eiLlier lo repvr or restorc thc Property or to pay amountis
<br /> mipaid uuder the Note or this Security Instr ument, whether or not then due.
<br /> f1. OCCUpanCy. Borrower shtill ocoupy, establish, and use Che ProperCy a�Borrower's principal residence
<br /> wifliin 60 d�ys after lhe execution of this �ecurity Instrument and shall oontinue lo occupy thc Prc�perty as
<br /> Borrower's principa1 residence for at least one year a1�er Che daYe of ocoupancy, unleas Lender otherwise
<br /> agreea ui writrng, whicl�i consenC ehall nat bo uru�casonably withhald, or uuleas exCenua�tiiug circixmstances
<br /> exisC wluch are b@yond L�orrower's control.
<br /> 7. Preservation, Maintenance and Protection of the Property; Inspections. Bnn•mn-crshrill„ot destroy,
<br /> damage or impair the Prope��tp, allow the Property to deteiiocaYe or eomtnit waste on Che ProperLy, Whckhor
<br /> ox noti IIoLro�ver is resicling in Ihe Property, 13orrowcr shall maii7tau� Hie Propert'y in order to prevent the
<br /> Pro�arty from detariorating or decreasing in value due Co ils oondiCion. Unless it is dete��nined pm'susnt to
<br /> Section 5 that repair or restoraCion is noti economically feasible, Boirower shall prompCly repair Che Property
<br /> if dnrnagecl to avnrd further deterioration or dainage. Lf insurance�or coiuleinnatiari proceeds nre paid in
<br /> connectiou with dainnge Co, or thc taking,of, tl�o Yroperty, 13orrower sha.11 Ue responsible for repairing or
<br /> resforing the Property only iP Lender h�s relensed prooeecis Por such pcuposos. ].ender may disbursa prooeede
<br /> 240020G3
<br /> NEBHASKA-Single Femlly-Fennle M aelFredtlle Mac 11NIfORh1 INSTROId ENT Form 302N 1l01
<br /> VMP �(y VMP6(NHJ(1105)
<br /> Wol�ers I(luwer Finanolal SuWces P�qe 7 011/
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