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201208227
<br /> All insurance policies required by Lender and renewals of such policies sliall be subject fo Lender's righY to
<br /> disapprove such polieies, sfiall includo a standard mortgage clause, and shall name Lender as mortgagee
<br /> and/or as an addilional loss payee. Lendex shall liave the ri�hL fo hold the polioies and renewal certificates, lf
<br /> Lender requires, Borrower sl�all promptly give to l,ender all receipts of pnid premiums and reuowal notices.
<br /> If Borrower obtains any form of insurance ooverage, not otherwise raquired by Lender, for damage Yo, or
<br /> destruction of, the Property, such policy sh111 include a standard mortgagc clause and sh211 name Lender as
<br /> motYgagee and/or as an additional loss payee.
<br /> In tlie event of loss, Borrower shali give prompt notice to the insurance carrier and Lender. Lendex may
<br /> make proof of lc�ss i f not made pxomptly by Borrower. Unless Lender and Barrower othexwise agree in
<br /> �iring, any insuranoe prooeeds, whefiher or nnt the underlying inauranoe was required by Lender, shall be
<br /> applied to restoratian or repair of the Property, if the restoration or repair is oconomioally feasible and
<br /> l,ender's securiry is not lessened. During such repair and restoration period, Lender sh�ll hava the rigl�t to
<br /> hold such insurance proeeeds until Lender has liad an opporhmity Yo inspact such Property to ensure the
<br /> work has been completed to Lender's satisfuction, provided that such inspection shall bo undertaken
<br /> promptly. Lender may disburse prooeeds for Yhe repairs and restoraYion in a single payment or in n series of
<br /> pro�ress payments as the work is eompleted. Unless an agrecmont ie made in writing or ApWlicable l,aw
<br /> requires interest to be paid on sucli insurance procceds, Lender sh211 not be required to pay Borrower any
<br /> interest or earniugs on sucli proceeds. Pees for public adjusters, or other third parties, rotained by BorTowea•
<br /> sliall no[be paid out of the insurance proceeds and shlll be tha sole oUligation of Borxowex. If the restoration
<br /> or repaic� is not economically feasible or Lender's security would be Icssaned, the insurnnce proceeds shall be
<br /> applied to the sums seeured by Ehis Security Instrument, whether or not then due, with the excess, if any,
<br /> paid to Borxowec. Sueh insurance proceeds shall be applied in the orcler provided for in Sec6on 2.
<br /> If Borrower abindons the Property, Lender may flle, ncgotiate and settle a�iy auailable uisurance claim and
<br /> related matters. If Borrower does not raspond within 30 dnys to a notice from Lender Yl�at the inst�rance
<br /> carrier has offered to sottle a cl�im, then Lender may negoYiata vid aettle the claim. The 30-day period will
<br /> bcgin whon the notice is given. In either avant, or if Lender acquires the Property under Section 22 or
<br /> otherwisa, Borrowe�c l�areby assigns to T,ender{a) Borrowex's rights to �ny insurance procoeds in an amount
<br /> not to exoeed tlia amounts unpaid undor tha Note or Yhis Security Instrument, and (b} any oYher of
<br /> Borrower's rights(other than the right to a�ry refiand of unearned premiums paid hy Borrower) undar all
<br /> insuranee pplieies eovecing the Property, insofm•as such rights are�pplicable to the coverage of the
<br /> Property. Lender may use the insurancc proceeds eiYher to repair or restore the Property or to pay amounts
<br /> unpaid uuder the Note or Ehis Security Instrument, wlfather or not then duo.
<br /> 6. Occupancy. Borrower shall occupy, establish, and usa the Property as Borrower's prineipal residence
<br /> witl�in 60 days aftcr the axeeution of Yhis Security Instrument and shall continue to 000upy tha Property as
<br /> Borrower's prinoipal residence for at]east one year aRer the date of occupanoy, unless Lander othcrwisa
<br /> ngrees in writing, wl�ich wnsent shall ntit bc unreasonably withheld, or unless extenuating circumst��tnces
<br /> exist which az�e beyoud Borrower's control.
<br /> 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy,
<br /> damage or impaii fhe Vroperty, allow the Property to deteriorate or commit waste on the Property. WheEher
<br /> or not Borrower is residing in the Property, Borrower sliall maintain the Pxopexty in order to prevcnC the
<br /> Pxoperty from deterior¢ting or decreasiixg in value due fo iTs condition. Unless it is determined pursuant to
<br /> Section 5 that repair or restoration is not economieally f'easiUle, Borrower shall promptly repflir the Property
<br /> if dama�ed to avoid Further detexioraYion or damage. If insura��co or eondemnation pxooeeds are paid iu
<br /> conncction with d�unage to, or the tnking of, Uie Property, Borrower shall be respousiUle for rcpairing or
<br /> restoring the Property only if Lender lias rolcascd proceeds for such puiposes. t.endcr may disburse proceeds
<br /> zaoozaze
<br /> NEORASKA-SlnBle�emily-Pannle MaelFre�tlla Mec UNIFORM INSTRUMENT Form 3028 1101
<br /> y�pp� VMPfi(NE)(1^106�
<br /> Wollers Kluwer Flnonolal 8orvlaoa Pa9^�� ��
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