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<br /> All insura.�ce po��c�es r�quired by Lender and ren��vals of such policies shall be subj ect ta Lender's right ta
<br /> disapprove such p�Iicies, shall include a standarc�mortgag�clause, and shall name L�n�er as mor�gagee
<br /> andlor as an addzt�onal Ioss pa��e. Lender sha�1 have the ri�ht to ho�d�h�policies and rer�ewa.� certif�ca�es. If
<br /> Lender requ�res, Borro�v�r shall promp��y give to L�nder a1I rece�pts�f paid prerniums and renewal nat�c�s.
<br /> If Borro�ver obtains any form of insuranc�coverag�, n�t other��se required by Lerider, f�r damage to, �r
<br /> des�ruction of, the Praperty, such policy shall in�Iude a standard mortgag�clause and shall name Lender as
<br /> mortgag��aridlor as an add�tional loss payee,
<br /> In the e�ent of�oss, Borro�ver sha11 gi�e prompt notice to the insuranc�carr�er and Lender. Lerider may
<br /> make pro�f of�oss �f nat made prompt�y by B�rrower, Ur�less Lender and Borr�w�r otherv�ise agree zn _.
<br /> �r�ting, an�insurance proceeds, whether or nat the underl�rzng�nsurance was required by Lender, sha�l be
<br /> app��ed to restaration or repair of the Pr�pert�, if the restora���n or repair is ecor�omical.�y feasible and
<br /> Lender's se�urit�i�not lessened. Dur�ng such repair and res�aration period, Lender shall have the right to
<br /> ho�d such insurance pro�eeds until Lender has had an opportunity to inspect such Praperty to ensure the -
<br /> work has beer�comp�eted to L�nd�r's satisfa�tion, provzd�d that su�h inspe�tzon sha��b�undertaken
<br /> pramptly, Lender may d�sburse proce�ds for the repairs and re�toration�n a s�ngle paym�nt or�n a series af
<br /> progress payments as the work is campl�ted, Un�ess an agre�merit is made�n wr�ting or Applicable Law
<br /> requires interest�o be paid on such insurance proc��ds, L�nder sha��not�e r�quired to pay B�rrower any
<br /> int�rest�r earnzngs on such proceeds. F��s far public adjusters, or o�her third parties, retained�y Borrower
<br /> shall not be paid�ut of the insurance proceeds and �hall be the so�e obligation af Borrower. �f the restoration
<br /> ar repazr is nat economically feasib�e or Lend�r's s�curi�y would be lessen�d, the insurance proc�eds shall�e
<br /> app�zed�o the sums se�ured by th�s Securzty Instrument, whether or n�t then due, with the exc�ss, if any,
<br /> paid�a Borrow�r, Such insurance proc��ds shall be app�xe�in th�order provided for�n Sec��on 2.
<br /> If Borrow�r abandons �he Proper��, Lend�r may file, negotia�e and settle any ava��a���insurance�laim and
<br /> re�at�d matters, �f Borrawer does nat respor�d within 34 days to a notice from Len�ler that the insurance
<br /> carri�r has offered to se���e a c�aim, �her�Lender ma�r negotiate and settl�th�cXaim. The 3��day period wi��
<br /> begin when the not�ce�s given. In either event, �r�f Lender ac�uires�he Prap�r�y und�r Sectian�Z or
<br /> oth�r�vise, Borrower here�y assigns to Lender�a} Borrower's rights�o any in�urance proceeds in an amaunt
<br /> n�t to e��eed the amounts unpaid under th�No�e or this Secur�ty�nstrum�nt, and tb} any ather of
<br /> Borrower's r�gh�s �oth�r than the right t� any refund of unearned premiums paid by Borrower}under aI�
<br /> insuran�e po�ici�s covering the Property, insafar as such righ�s ar�applicable ta the coverage of�he
<br /> Praper�y. L�nder may us�the insurance proceeds either t�repair nr restare the Property or to pay amounts
<br /> unpaxd under the Note or this Secur��y Instrument, wheth�r or not then due,
<br /> �. �]ccupancy. Borro�er shal�occupy, estab�ish, an.d use the Property as Borro�ver's principal r�siden�e
<br /> wi�hrn 6�da�s after the execution of�hi� 5ecurzt�Instrument and sha�� continue ta occupy the Property as
<br /> Borrow�r's princ�pal residence for at least one year after the date of occupancy, ur�l�ss Lender otherwise
<br /> agrees in vvr�tzngy which cansent shal�no�b�unreasoriably��thheid, or unless e�tenuat�ng czrcumstances
<br /> ex��t�vh�ch are beyond Borrou�er's control.
<br /> 7. �reservation, Niaintenance and Prvtec��an vf the Proper�y: Inspection�. Borro�ver shall not destroy,
<br /> damage or impa�r the Property, al1�w the Proper��to d�t�riorate or cflmmit waste ori the Property, Whether
<br /> or not Borrfl�rer�s residing in the Propert�, Borrow�r sha11 mazntain th�Proper�y in order�o prev�nt the
<br /> Praperty from deteriorating or decreasing in value due to ��s condition. �C]�nless���s det�rmined pursuant to
<br /> S�c�ion 5 that repair�r restaratz�n is nat economxcal�y feasi�le, Borr��ver shall promptly r�pair the Proper��
<br /> if damag�d�o avoid further deteriorati�n nr damage. If insura.nce ar c�ndemnation proceeds are paid in
<br /> cor�nection�r�th damage to, or the taking of, the Praperty, Barrovver shall�e respons�b�e for repair�ng or
<br /> restoring the Property on�y if Lender has released proceeds for such purposes. L�nder may di�burs�proceeds
<br /> N�BRASKA-Singfe Family-Fannie MaelFreddie Mac L1NIFaRM fNSTRUM�NT Fvrm 3028'f 1�1
<br /> VMP Q VMP��NE7�1302]
<br /> Wvfters Kluwer Financial 5�r�ic�s Page 7 0�17
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