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201210448
<br /> All insurance policies required by Lender nnd xenewals of aiioh policies �ha17 be su�.ject Co I ender's right to
<br /> disappYOVa such po1ieias, 57ia11 includa a standacd inorkgage clause, nnd ahall naine I,cnde� as martgagee
<br /> and/or as an�dclitional loss payco. T ender shal] liave tha right to hold tha policies and renewnl certiticatcs. If
<br /> Lender requires, Borrower shall prompCly give to Leudoa'all receipts of paid preiniume nnd renewal norioes.
<br /> IP Bon�oweir obiains any form of insurtuice coverage, not otilierwise rcyuired by Leneler, for dainage to, or
<br /> dest�uction of, t7ie Property, such policy sha11 include a sttxndaxd mortgage clause and ehall name Lender as
<br /> mortgagee and/or��s �n additional lnss payco.
<br /> In 11ie evenE of loss, Borrowcr sl�all givc t�rompt notice to the insurance carrier�nd Lender. Lender may
<br /> m�ke prooF of loas if not made promptly by Borrower. Unloes Lcndcr and T3orrower otherwise ag,�ee in
<br /> writing, arry ivsw ance proceeds, whether or not the underlyiug insurance was required by Loncler, shall he
<br /> npplied to restoxation or repftir aP Che Property, if fhc restor2lion or repair is economically feasible and
<br /> L,ender's secm7ty is not lesaened. During sneh repair end reslorat�ion period, Lc��der sha111�ave T1ie rigl�t to
<br /> hold such insucance proceeds until Lencler has hnd nu o�porhmity to inspecC aixch Property to o��sure tho
<br /> worlc hus been completeci to I,ender's satisfacCion, provided that sueh inspeetion shall be uncier[aken
<br /> �aroinp$y. Lender viay disbwse�n-occcds.for the rapair5 and restora�lion in a sing�le payment or in�sei7es of
<br /> prog�ess peyments ns the work is wmpleted. Unless ui agreemc�nt is made in writing or A}�plicable Law
<br /> requires niterest to be paicl on such insm•ence proceeds, Lender shall not be required to pay Bon ower any
<br /> interost or earniubs on snch proceeds. Pees for puUlic adjusters, or other third parties, retained by Borrower
<br /> shall not be paid oul oP Ihe insiu��mco�rocecds and shall bc the 9ole obligation oF Boxcower. If the resCorakion
<br /> ox repair is not ecouoniically feneiUle ar Lender's security would be 1ea�ened, thc iiieurance proceeds shall be
<br /> applied to tl�a stiuns secUred Uy this Seam'ity InsU-wnent, whatiher or not theu chie, with Che exoesF, iP any,
<br /> paid to 6orrowcr. SLich insurancc procceds shall be applied in T1ie order provided for in Section 2.
<br /> IF Borrower aUandons fhe Property, Lender may lile, negotiate aud settle tany avpilable insurauce clvm�nd
<br /> related matters. If Boi rower does not respotid witl�ii� 30 daye to a notiice �fi�om Lender that the insurance
<br /> carrier has ofPereci to seUtle a olaim, then Lender inay negotiatc and settle the olaim. The 30-da�y period will
<br /> begin when dio notice is grven. In either event, or if Lender Acqnixes the Propury under Soction 22 or
<br /> o't1�erwise, Borrower l�ereUy asaigns Eo T.endar(a)�.Rorrower's righis Go aay insurnnce proceeds in nn amounf
<br /> not to excead Lhe unomit's unpaid nnder ilie NoCe or Lhis SecLu�ity Instrumcnt, and(U) �ny other of
<br /> Borrower's rights (oYher than the right to any refund of unearned premiums paic{by Borrower) undor all
<br /> iusurance policies oovering the Property, iasofar �s suol�rights az'o applicaU7e to the cove��age of the
<br /> Property. Lender may use the iusuranoe prooeeds either to repair or restore fhe Prope�ly ur to pay amounts
<br /> unpnid Luider the Note or tl�is Security InsU'wnent, whether or not then due.
<br /> 6. Occupancy. Borrower shall occupy, establish, end use Yhe Property as Borrower's princip�l residenoa
<br /> wit1zin 60 days atter the execution of thie Secucity IAistxwnanti aud shall conYinue to occupy the Properry as
<br /> Borrowor's principal residcnce for at lcast oi�e ycar after the date of occupaney, tiuiless Lender otlierwise
<br /> agrees in writing, which conseiiC sha11 not be um�easonnbly witlil�eld, or unlcss cxtenuttting cii cnmstancos
<br /> exist which aie Ueyond Rorrower's control.
<br /> 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower sh211 noc destroy,
<br /> dsunage or impair thc Yropu�riy, allow thc Property to dctcr9orxte or commit waste on Yhe Property. Whetliet
<br /> or not Boxrower is residing iu the Properly, Borrower aliall n�ainhain thc Property in order to prevent fhe
<br /> ProperEy fiom deYeriorating or�lecreasing in vxlue due to its conditiou, Unle,9s if is c{ekern�ined pursuant co
<br /> Section 5 U�at�epair or restoration is not economictAly faasible, Borrower sh�ll prompily repnir khe Piro�erty
<br /> if dxma6ed to avoid furd�er deterioration or datnage. ]f insurance or condeimiation proceeds are paid in
<br /> oonneo6ion wikh damago lo, or khe t��lcing of', Che Property, Borrower sl�nll be reeponsible for repaicing or
<br /> restoring the Property ocily iFLencler hns released proceeds for such purposce. Lei�dcr may disUurse proceeds
<br /> 24002971
<br /> NEBRASKA-Single Fainlly-Fannle A4aelPretltlle IAac 11MFORbI INSTRl1bIENT Farm 3D28 1f01
<br /> VM P G9 VM PB(Nh7(11051
<br /> Wolters Kluw er Financial SerNces Page]oi 1 Y
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