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201208477
<br /> All insuretnce polinios rc;c{uired by Lender uid renewals of suoh polieies shall be subjeot to Leuder's righC to
<br /> dieapprove suoh policies, shall include� st�uida�d moi�tgnge cleuse, and shall name Lender as mortgegee
<br /> and/or as en addition�l loss peyee. Lender shall haue 11�e right to hold tha policias aaid renawal cerCificatea. If
<br /> Lender reqtiires, Borrower shall promptly �ive to I,ender al1 receipts of paid premiLuns and renewal notices,
<br /> PFBorrower obtains any fonn of insurance eovora�;q not olhcrwise required hy Lender, i'or damngo to, or
<br /> deshuction of thc Pro�erty, such policy sliall include a stendai$mortgage olause and shall name Zender as
<br /> u�ortgagee and/or �s nn additional loes payee.
<br /> In fhe event af]oss, Borrowex sha11 give prompt noYioa to the iusurance carrier and Lendar. Lender may
<br /> mnlce�roof of loss if not made promptly hy Rorrower. Unless],ender anci Rorrower otl�erwiye a�'ee iu
<br /> writing, eny insuranec prnceeds, wl�cihcr or noC the iu�cierlqing insm�nnee was required by Lencier, sl�all be
<br /> applied to restoration or repair of Ehe Property, if fhe restoration or repair is econotuically feasible and
<br /> Lender's seeurity is not lessened. Dm'ing sLich repair and reskiration wetiod, I,ender s1�al1 havo thc;riglzt to
<br /> hold such insw�ance proceeds until T ender]�as had an opporCuniGy Co inspeof such ProperCq to ensure the
<br /> work hae been co�nplotcd to Lender's satis�facfion, provided that sueh niapeotion ahall be tmderEeken
<br /> prompfly. Lendcr ivay disburae prooeeds fox the repairs tuid restoration in a singlo payment or in a series of
<br /> progresa�a}rsnents �s Yhe work is completed. Unless au agreement is made in writing or Appllcable I,aw
<br /> requires intexost fo ba paid on sncl�instiirauce proceeds, Lcndcr sha11 not bc rcquircd tio pny Borrower any
<br /> intierest or eunings on sucl�praw-cds. 1�ce,4 for public adjuaters, or other third pnt'ties, retfliiied Uy Liarrower
<br /> shall ��ot 6o pxid oul oP flie inst�rnnoe proceeds aud shall be the sole obligation of Borrower. IP Uie resloratiou
<br /> or repnir is not economicelly feasible or Lender's secuiity wotiz1d be lessened, tlieinsuranco procccds cl�all bo
<br /> applied to Yhe smns secua�ed by this Security Insd�u�nent, whcther or not Lhen due, wiCh Che excess, i£nny,
<br /> paid to Ronower. Sucl� ins�nauce proceeds ehz�ll Ue�pplied in the oraler provided fur in Section 2.
<br /> If Eorrower aUandons the 1'roperty, Londcr may 'flle, negofiafe aud aetCle auy available insurance claim and
<br /> related matters. If 13on�owcr docs not respoud wikhin 30 dnys to n notice fiom Lender YhAt the inatu'ance
<br /> carricr has e�ffereci Co setele fl olaim, then Lender mny negotinta and setEle tha claim. Tl�e 30-day period will
<br /> begiu when the nofiee is g�iven. Iu elther event, or if I.ender acquires the Property undcr Section 22 or
<br /> otherwige, Bmrower hereby assigns to Lcndcr(a) Borrower's riglits Co zriy insurance proeeeds in an amount
<br /> not to cxcced the uilounts m�paid under the Note or Hiis Security InstrwnanY, and(b) any ofher of'
<br /> Borrower'e rights (other than the righti to any reiiuid of nnearned preminms paid by 13orrower)uudor all
<br /> i�Tsuranec policics covering lhe Proper6y, insofnr as such righYe are applicaUla to the coverage of'flie
<br /> PropeA�Cy. Lender m�.y use the insm�ttnce proceeds eitl�ee to repafr or restore tl�e Yroperty ur to pay amonnts
<br /> mipAid uncler the Note or thie S'eew�ity Insh'umc,n�t, whellier or noC lhen due.
<br /> 6. OcCupanCy. Borrower shall occupy, establisl�, and usc tl�c Yi'oporty es Boi�ower's principal residence
<br /> witliul 60 da�ys afEer the execution nf U�iF SccnriCy InsCnunenl and sh�ll oon6inue to occupy the Property as
<br /> Rorrowcr'a privcipal reside��oe ibr ne leest one year after Yl�e dnte of occup�ncy, uuless Lender otherwise
<br /> agrees in wriLing, which eonsent shall noE be mireasonab]y withheld, m�miless extemiating oircumstances
<br /> exist which ue Ueyond IIorrower's conh ol.
<br /> 7. Preservation, Maintenanee and Profection of the Property; InspecYions. Borrowershallnucdestroy,
<br /> damage oc� impair tho Property, allow fhe Property to detei9oxpke ox commit weste on tk�e Property. Whether
<br /> or not Burrower is residing in the ProperCy, Bor�•ower shall mauiCain fhe Propei�Cy in order co prevent tna
<br /> Properly$•orn deteriorating or deoreasing in value due to ite condition. Unlc,tis it is dctermincd pureuant to
<br /> Section S t1�aC repair or restoration ie not econr�inieally fea�ible, Borrower shall prompCly repair the Properly
<br /> iF da�n�ged to avoid furN�c+r dcterioration or dainage. If ineurnnce ar oondemnation prooeeds Are pflid in
<br /> connection with damage Io, or Che taldng of, the Property, Borrower ehall Ue responsibl�ior repairing or
<br /> restoring Lhe Property only if Lender lins releTsed proceeds for such ptuposes. 1_,ender may disUm se proceeds
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<br /> NEBRASKA-SingleFamlty-FennieMaelFretldleMaolINIFORM IN9'fRUMSJ'f Pomr30281701
<br /> VM P� � VM f�6(N�11105)
<br /> Wolters Kluwer Flnanclal Servlces Page 1 of 1'!
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