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201208123
<br /> All insUrancc policies reqiured by Lender t�nd reriewt�ls of suoh policies shall ba suvject to].ender's right to
<br /> disappirove such policies, shall ineluda a staudard mortgage clausc, and sl�al] iiaino Lender as inortgagee
<br /> and/or as an addiCional loss payee. l.euder sl�all l�ave fhe righh ko hold the policies and renewal certificates. If'
<br /> I endex requires, 13orrowcr shall proinpcly give to Lender all receipts o'P paid preuuums and renewal noticav.
<br /> IP]3orrowor oblains eny£orm of insut.�arce coveraga, not otherwise rcquired by Londcr, for damage Co, or
<br /> destruction of, the Property, suoh pol�cy sfiall inc1ude a stand�rd mortg�ge claxise�nd ah�ll name l,ander as
<br /> mortgagee and/or as an additional loes payee.
<br /> In the evenY of lose, Borrower sUall givo ptrompt notice to the insurance carrier tind L�nder. Lender may
<br /> malce proof of loss if ncit mnde pron�ptly by Boirower. Unless Lendar aud Borrower otherwiso agree in
<br /> writing, uYy inst�ranao�roeeeds, whether or noY the uncierlying insurance wati rcyuirecl by Lender, shall be
<br /> applied to restoration or re�air of t1�e Yroperty, if the re.storakion or repair is economically feasible and
<br /> Lender's secm�iCy is not lessencd. llaring �uch repnir�nd restoration peiiod, Lender s11a11 havc the right to
<br /> hold such insuramco procceds until Lender has had�ui oppoetunity to ins��ect such ProperCy to ensure the
<br /> work hzs been completed to Lender's satisfaction, provided$ruC such inspeotion shnll L�e underlalcen
<br /> promptly. Lender may disbm�se proceeds for Lho repaire and reatoration in a singla pannent or in a ecrics of
<br /> prograes pa�yments as fl�c work is completed. Unless an agreement is made i�1 v,n-itit�g or ApplioaUle Law
<br /> requires interesti tio be paid on snch ineurance proceeds, 7,ender sl�all not be required to pay Borrower any
<br /> inSexesC or enrnings on sueh proceeds. Fees for puU1ic adjusfers, or other third pnrties, retainecl by Rnrrowcr
<br /> shall not Ue ptud ouC of'the insurauce proceeds and ehaill l�e the eole obligation of Borrower. [f tho resCoration
<br /> or repaii is not econo�nicnlly fcasible or Lender's aecurity would be lessened, tl�e insuranco prooezds shAll be
<br /> applied to the stinnn scciu�eci by this Seonrity Insttuinant, whether or not tl�cn due, wifli the excess, if eny,
<br /> paid to Borrower. Such insurance proceecis shall be applicd in the order provided £or iti Section 2.
<br /> [f Borrowor abandons [he Property, Lender may file, i�egokiate aud aotHe any avail�ble inaurance clauii a�id
<br /> related mattets. If Borxower does not respond witltiin 30 daya t�o a notice fi•om Lender thati liie i�mtivance
<br /> earrier has ofEered to sett1e a claim, tlran Lender may negoYiate and settle the claim. 'fho 30-day period will
<br /> bcgin whEn the notice is given. In aitl�er evenY, ar if T.endor acquire.� the Properly under Section 22 or
<br /> otherwise, IIorrower hereby assigns to Le��de� (a) Ban�owe�'s rights to eny inaurance proceeds ii�an amount
<br /> not to exceed the amotiurts uopaici undor the NoLe�ox this Security InstiumenE, and (b) any othcr oP
<br /> I�oxrower's rights (othcr than Che righf to any refund ot'uuea��ned yre�n�ums paid by Borrower)nnder nll
<br /> ineurance policies ooveri�ng the Property, insofar ae such rigJits nre applicable to tihe coverage of thc
<br /> Property. Lander inay use thc insuxanceproceeds either to repair or restore the Property�r to pay amonnts
<br /> unpa�id titnde�'thc NoEc or L�his Security Tnsh•wnent, wheT�her or not thcnl duc.
<br /> 6. Oecupaney. F3orrower shall occupy, establish, aud usa the Prope�'ty as Borrower's principnl residenoe
<br /> wiLMn 60 day� ahex the execution of Uus Security Instrumc�it and shall oontimie to occupy tlia Property as
<br /> Borro�ver's principal a�esidence For at 1caHti ona year after the d2te of occupaaicy, unless T.e�ide�'otl�erwise
<br /> a�;reea in writing, whioh consenl shell not be unreasonahly witl�held, or ui�loss oxtcnualing oircumetances
<br /> cxist which are beyond Borrower's cont�ol.
<br /> 7. Preservation, Maintenance and Protection of the Property; Inspections. Borro��er shnll not destiroy,
<br /> dtvnage or impau� the Property, allow tlie Property W dcteriorate or conunit wasto on tha Property. Whether
<br /> or iiot Borrower is residing in fl�e Propexty, Borrower sl�iall m�intnin the Property in ord�r to prevcnt thc
<br /> Property fi'om deteriorakii1g or decreasing in v¢Ine due to its condition, Un1ess it iu dctormincd pursuant Lo
<br /> 9ection .5 that rcpair or restorntion is not eoonomically feasible, Borro�ver shall promptly repair the Property
<br /> if d�maged to avoid fw•ther deYerior�fiion or damagc. If inFueznce or condemnation proeeeds are p�id in
<br /> connectiou with dam�2ge to, or tUc taking of, �lie PToperty, Borrower shall be responsiUle Por repairing or
<br /> resto�ing the Property only if Lender h�a relessed proceeds for such purposes. Lcuder n�ny disl�urse proceeds
<br /> zaao2z�a
<br /> NEBR/t3KASingle Fam IIq-Fennie M oe(Fretldle M ac UNIFORM IN6TRUA�ENT form 302 A 1(0.1
<br /> Vbl P(� VM P6�Nf_)(7105)
<br /> Wolterc Kluwor Financial5ervices Paqe 9 nf 1%
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