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201208375 All insuranoe policies reqnired by Lender and renewals of eueh policies shall I�e subject to Lencler's right tio disnpprove such policies, shall includa a stendard mortgage clnuse, anci shnll name Lendzr as mortg�gee ancUor as an acidiCional loss payee. l.ender sl�all have the right to hald the policies and reuewa] certificates. lf Lender requires, Borrower shall promptly give fo Lender all receipCs oCpvd pren�iums and renewal noPices. If Borrower obtains any form of insurance coverage, not otherwise required by Lender, for dnmage to, or destxuction of; the ProperYy, such policy shall include a siandard inortgage clause aud sliall naine Lender as mortgagee end/or as an addikional loss payea. Hi tha euent of loss, Borrowar sha11 give proinpE notice to the insurance cacrier pnd Lender. Lender may malce proof of lose if not made promptly by Rorrower. lJuless Lendcr aud I�orrower otherwise agree in writing, nny insurance proccods, whefher or not Lhe underlying insiirance was rcquired by Londer, shall be applied to restoratioix or irepair of the Property, if the restoration or repair is ecotioinioally feasible and Londor's sccurity iM uot lcss�ned. llueing sueli rcpair and restoraliun poriod, Le�zdcn�shall have tho right to hold such insurance proceeds until Lender hes h1d en oppor[unity to inspec[suoh Pxoperty Co eusure lhe work has been coinpleted to Lender's satisfaction, provicied that such iiispection sl��tll Ue undertalcen promptly. Leudar may disbarse proceu3s fa•the repairn and restoration in d single pa}nnont or in a series af progrese��syments aft thc work is wmpleCed. Unle.ss ai�agreement is made in wriling or A�plic�ble Law requires iuherest to be paid on auoh iusurauce proceede, Lender ahnll not be required to pay Barrower �ny interest or earninga on such proceeds. Fees for public adjusters, ar other Yhit•d parties, reeeined by Borrower shall noY be paid out oF Y1ia ivsurance proceeds and sl�all Ue the sole oUligaUon of Borrowen If Yhe restoraCion or re��air is not economically foasiUle or T�endcr's sccurity woLtld hc lessc�ied, tho insurancoproccode sUall Ue applied So She suivs seeured by khis Seotu'ily InaCrun�ent, whether or not Hien c1ue, �vi6h Che excess, if nny, paid to Borrower, Such inaurnuae proceeds shail be npplied in Yha order provided Por in Section 2. If Borrower nbandons the Property, Lender may file, negolinte and settle any available insurance claim and related mattars. IP Borrower does tiot respol�d withu�30 days to x nofice from I.entier that the insurence carrior has offcred to ectNe a claim, then Lender inay negofiafe�id sefl�le Lhe cl�iixi. The 30-clay pe�iod will begin when uhe noCice is given. In either eveut, or if Lendei•ncquires the Property under S�ction 22 or fltherwise, Barrower hereby assigne to Lender (a) Borrower'e rights to any insurance proceeds in an a�noaiC not to exceecl the alnounts unpaid mider the Note or t1�is 3ecurity instrument, aud(bj�tny other of T4orrower's rigl�Ts(other than the right to at�y rcfiYnd of unearnod prcmiums pa'rfl by Borrower) mider al] insurance polieies coveiing the Property, insofar as auch rights are applicable to tlie coverftge oP Uie Properdy. Lender inay use the insurance proceeds either to xapair or restore the Property or to pay amou��ts unpaid undar tl�e Noto vr this 5ceurity ineh�un�ent, whcCher or noC Lhen due. 6. Oeeupan¢y. Borrower shall occupy, cstal�lish, aiid use thc Property�s I3orrowei'r principal residenoe within 60 days aPter the exeoutiou of this Secuxity Iust��ument ancl shzll continue to occupy the ProperCy as Borrower's principal roaidence f'or at least one year a1�er the date of occupancy, unless I.ender othe��wise �agrees ni writuig, wl�ich consent shall not be unteasonnbly withhcld, or �mloss cxlonua6ing circumaCances exist whicl� ara bcyond Borrowcr's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower ahall not destroy, damagc or impair$�o ProperLy, allow the ProperCy to deteriorate ar convnit woate on the Pcoperty. Whether or noC Borrower is residing in tlie ProperEy, Borrower shall maintain tlie Property in order Co prevent the Property tcoin deteriorating or decreasn�g in value due fo its conditiojt. Unlcss it in deCe�mincd purstxariS Co Section 5 fhati repztir �r restoration is nok econoinically feaai6le, Dorrower shell promptly repair the ProperEy if daivaged to avoi<l fiixther deteria aYion or damage. If insuraaice ar condeimiatiou proceeds are paicl in comiection with daznage to, or the talcing of, tho Property, Borrowcr sl�all bo responsible for repairing or rc;.qYorin�;LUc 1'roperCy only if Lender hns relensed proaeeds Por such purposes. Lender mny disbuxse�roceads 24002385 NEBRASKk-Single Family-Fennle Mae/Freddie Mac UNIFDRtd INSTRUM[NT Porm 3020 1101 VM P D VM Pe(Nf.)(1106) Wolters I(luw er Financlal Servicee f'aqs]of 11