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201208989
<br /> All insurance policies reqLiired Uy].cndcr and renewals of auch policies shall be subject to Lender's righl to
<br /> disapprc�vc sucli policies, shall inchide a standard moregage clause, �md shall name Lencler as mortgagee
<br /> amd/or as�n additionnl loss payee. Lender sha11 have Che rigl�t to hold the policies and renewal cerdficates. If
<br /> Lender requires, Bormwer sl�all promptly givc tn Lcnder all receipls of pziid peemiiune�nd renewal nolioe.a.
<br /> If Rorrower obta'rns any fonn of iustu�nnoe coverage, uot otherwise required by Lender, for damage to, or
<br /> dcstrwction of, Che Property, such policq shall include a stnndai'd mortgage clauee and sliall name I,ender ay
<br /> n�ortgagee and/or as an additional loss payee.
<br /> In the ovcnt of losa, Borxower shall give proinpt uotice to tlie insurvice carrier aAid Leudar, Lende,r may
<br /> make proof of loss if not mAda prompily by Borrower. [7nlcas Lendcr and Borrowcr atha'�vise agrcc in
<br /> wri&ing, any inanr�nce proceedq, whether nr not tl�c m�cicrlyn�ig insurance raaa reqiured by Lender, sliall be
<br /> a�pplied to resforation or repair of the Property, if tha resYoration or repair is economically feasible and
<br /> I,endcr'� seourity is not lesaened. During such repair a�id restoratioiT period, Lcncler shall h�ve fl�e righ[to
<br /> holcl aiich insurance proceeda until 'Lencior han had an opporhmity to inspect auch ProperYy to ensw•e the
<br /> work has Ueen complotcd Co Lcsnder'a satesfacfiou, provided that such inspection shall Ue undertal<en
<br /> proinptly. Londer may dieburaeproceeds for the repaira and restoration in a singlc paynicnt or in�seriea of
<br /> progress paynnents as the work is completed. Unloss an agr�e�i�enC is made in wri[icig ox Applicable Law
<br /> requires interest to be paid on sueli insurancc prooeeds, Lender shpll not be required to pay Borirower any
<br /> intereaY or earnicigs ov euch �rocecds. Fees for public adjustera, or otlier third parties, reiained Uy Borrower
<br /> shall not be paid out of thc insuxance proceeds znd shall be the sole oUligaiion of Borrower. If the restoratioiti
<br /> or repair is not economictilly feaaiUle or Lender's secm'ity would be lessened, t11e insLirancc proc;ecds ehall be
<br /> appliod to the auma secmed by tl�is Sectu�ity Listrument, wl�ctl�or or noC t1�en due, wilh the excess, i£any,
<br /> paid Co Borrower. Such insuarance prooeeds shall he applied in Che order provided for in SecCion 2.
<br /> If Borrower abaxidons tUe Property, I.ender may filo, negoHnte nnd settle any available instu'ance claim and
<br /> related inatiters. IPI3orrowcr does nof respond within 30 days Co a nolice from Lender tha.t d�c insurana;
<br /> carrier has offcrcd t'o seltle a clnim, then Lender inay negotic�te and settic the c12in�. 'I'he 30-day period will
<br /> bcgin when Che notice ia given. In eitl�er eve��t, or if I,ender aoquires the Property under Section 22 or
<br /> otherwise, Boirower hereby asei�ns to I.cnder (a) Borrower'e rights to any insuranee proceeds in an a�nount
<br /> not to exceed the unonnts unpaid midar the Note or this Secm�ity Instiument, a�id(b) a�iy ofl�e��of
<br /> Borrower's rigl�ts(otiUer than the right to eny ref'wid oP miearned ptemiums paid Uy Borro�ver) �uider ell
<br /> insurpnce policies covaring the Pinyerty, insnfar as such rights are appliceble to the eoverage of tlae
<br /> Property. Lender may tisc thc insm�nnce proceeds eitlter to repaix or reetore the Pxoperty ar to pay amouuts
<br /> wipaid ut�der the Note ot this Security Instruinent, whethe�'or not$�en d��a.
<br /> 6. Oceupancy. Borrower shflll occupy, establish, aaid use the Vrt�perty ae Borirotv�'sprincipel residence
<br /> wiChin 60 days after khe execuCion ofthis Sccw'ity H�sL�niment and sh�ll continue to ocoupy(lie Property as
<br /> Borrower's pcincipal residcn�ce for aC least one year after the date of occupaAicy, tmless T.endcr othorwise
<br /> agrees in writing, which eonsent shnll not be mn'easonably withhcld, or unlcss oxtcn�u�Cing cireulnstances
<br /> exist which ara I�eyond Borrower's control.
<br /> 7. Preservation, Maintenance and Protectian of the Property; Inspections. Borrower shall uot desti•oy,
<br /> dmn�gc or impair the Property, nllow the Properry to dotc�'iorale or wsxnnit was[e on the Property. WheUier
<br /> or noc Borrower is residing in tl�e Property, B�rrower ahall meintain the Property in order to prevanti the
<br /> Property fi•oin deteriora6ng or dccreasing in vahie due to its conditlon. Unless it is dekermined pursaant to
<br /> Section 5 N�at repair or restornLion is not economically feaaiblo, Borrowcr tihall promptlq repair tl�e Property
<br /> iP duinnged ko auoicl further deterioration or damaga If insur�nce or condemnation proceeda are paid in
<br /> conneotion with dtunage to, or tho talcing of, the Properdy, Borrower sha11 be responsible fm r cpa'rring cn'
<br /> restoririg the YroperLy only if Lend€r has released proceeds for such p�u'poses. Lender may disbnrse proceeds
<br /> �� � � �" 2A002542
<br /> NEeRA3KA-Single Famlly�Fannle MnelFredtllc Mac UNIPOGM INSTRUM ENT Porm 3020 7 701
<br /> VM P 0 VM Pfi(NE)li 1061
<br /> Wolte�s KWwar Flnonoial Scrvloes Pege 7 of 17
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