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��14�1354 A�� insurance palic�es required by Lender and renewa�s of such policies sha11 be subj�ct ta L�nd�r's r�ght to disappr��e such policies, shall include a s�andard m�rtgage ciause, and shall name Lend�r as mortgagee andlor as an additi�nal Iass paye�. Lender sha�1 ha�e the right to hold the palicies and renewal c�rtificates. If Lender requires, Borrovver shall promptly gi�e to Lender al.� rec�ipts of paid premiums and renewal notices. If Borrower obtains any form of insurance c��erage, not oth�rwise required by Lender, far damage to, or d�struction flf, the Property, such policy shall include a standard martgage c�ause and sha11 name Lender as � mortgagee ar�dlor as an additinna� �oss paye�. �n�he e�ent af 1oss, B�rrovver sha11 gi�e prompt notice to the insurance carrier and I,ender. Lender may make proof nf loss�f no�made promptly by Borrower. Unl�ss L�nder and Borrawer otherwis�agree �n writing, any insuranCe pr�ceeds, whe�h�r or not the underlying insurance was requir�d by Lender, sha.11 be applied to restoration�r repair af th�Praperty, �f the restoration or repair is e�onamically feasible and Lender's security�s not lessened. During such r�pair and-restoration period, Lender sha�l ha�e the righ�to hald such insuranc�proceeds until L�nd�r has had an opportuni�y to�nspect such Pr�perty to ensure the wvrk has been cnmpleted to Lender's satisfaction, pra�ided�hat such inspec�ion shall be undertaken prompt�y. Lender may disburse prac��ds for the repa�rs and restorati�n in a single payment or in a series of progress paym�n�s as the wark is�ompl�ted. Unless ar�agr�ement is made in writing or Applicable Law requires interest�o be paid on such insuranc�pr�Ce�ds, Lend�r sha�l no�be r�quired ta pay Borrower any interest or earnings on such proceeds. Fees far publ�c adjusters, or other�hird parti�s, r�tain�d hy E�arrow�r shall not be paid out�f the�nsuranCe proceeds and shall be the sale obligation af Barr�wer. If th�r�staration or repa�r is nat economically feasibl��r Lender's security would be lessened, the insurance proceeds sha�i b� applied to the sums secured by this Security Ins�rument, whether or not then due, vvith the excess, �f any, paid to Borrovver. Such�nsuran�e proC�ed.s shal�be applied in the order provided for in 5ection�. If Borr�wer abandons the Prop�rty, Lender may file, nego�iat�and settle any a�ailable insurance claim and related matt�rs. �f Borrower does not respond within 3�days ta a notiCe fr�m Lender�hat the insurance carrier has affered ta settl�a claim, then Ltnder may n�gatiate and s��t�e the claim. The 3U-day period will b�gin when the notice is giv�n. In either��ent, ar if Lender acquires the Property under Section�2 nr �therwise, Borrower hereby assigns�o Lender�a} Bnrrawer's rights to any insurance pr�ceeds in an amoun� not ta exceed the am�unts unpa�d under the No�e ar th�s Security Instrument, and�b}any other af Barrower's rights�other than the right to any refund of unearned premiums paid hy Borrower}under all insuran�e poli�ies co�ering the Proper�y, insafar as such rights are applica�le to the�o�erage af the Property. Lender may use�h�insurance pro�eeds�ither t�repair ar restore the Proper�y or t�pay amounts unpaid under the Note or�his Securi�y Instrument, wheth�r or not then due. �, �ccupancy. B�rrower sha��occupy, establ�sh, and use the Proper�y as Barrower's principal residence wi�hin f�days after the e�ecution�f this Se�urit�Instrument and sha11 cantinue to occupy th�Pr�perty as Barra�ver's principal residence fnr at least�ne year af��r the date�f occupancy, unless Lender otherwise agrees in writing, whi�h�onsent shall no�be unreasonably withheld, or unl��s e�tenuating circumstances exist wh��h are beyond Bflrrower's contr�i. 7. Preser�ation. Ma�ntenance and Pr�tection of the Property: Inspectians. Borrower sha11 not destroy, damage or impair the Pr�p�rty, a.11ow�he Property to deteriorate or cvmmit wa�te fln the Property. �Vheth�r or nat Borrower is residing�n the Property, Barrower sha1�maintain the Property in order to pre�ent the Property fram deteriora�ing or d��reasing in�a1ue due to its canditian. Un�ess it is deternzined pursuant to Secti�n 5 that repair or restaration is not economica�iy f�asib�e, Borrow�r shall promptly repair the Prop�rty if damaged to a��d further deterioration or damage. If insurance or condemnatifln praceeds are paid in conn�ctian w�th damage to, or th�taking of, the Praperty, Barrower shall be respnnsible far repairing ar restor�ng th�Praperty only�f Lender has r�leased proceeds far such purposes. Lender may disburse proceeds NEBRASKA-5ingle Fam�ly-Fanrne MaelFreddie Mac UN�F�RM INSTRUMENT Fvrm 3D28 11d1 VMF'� VMPStNEf{13fl2f.�❑ Wa!#ers Kfuwer Financiai 5er�ices Page 7 vf 17