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��14��344 A�� nsurance palicies requzred�y L.�nder and ren�v�rals af such po�icies �hai��e subjec�to Lender's r�ght�o disapprove such polic�es, sha�� nc�ude a standard mor�gage��ause, and sha�l name L,�nder as m�rtgagee andlor as an additiana� �oss�ayee. Lender shall have�he ri�ht�o hold the poiicies and renev�al cert��ca�es. If Lender r�quires, Barrow�r shall promp�iy gi�e�o Lender al� rece�p�s of paid premiums and ren�wal no�ices, If Borrower o�btains any form of insurance co�erage, �o�o�herw�se required by Lender, for damage�o, �r destruc�ion of, the Property, such p��icy shall include a s�andard mor��age clause and sha�l name Lender as mor�gagee andlor a� an addztzonal �ass payee. �n the e�en�of�ass, Borrawer sha��gi�e promp�na�ice�o�he insurance carri�r and Lender. Lender may mak�pr�of of Iass if nat rnade promptly by Bo�rrower. Un�ess Lender and Barrov�er o�herwise agree in writing, an� insurance proceeds, whe�her or not�he underl�r�ng insurance was requ�red by L.ender, sha��be applied to restorati�n or repa�r of the Proper�y, zf the r�s�orat�o�or repair is ec�nomicali�feas�ble and Lend�r's securi�y is no�i�ssened. Dur�ng such repa�r and restorati�n per�ad, L.ender sha��.a�e the r�gh�to hold such �nsurance proceeds unt�l Lender has had an�ppor�un��y to �nspect su�h Proper�y �o�nsure the work has been completed to Lender's satisfac�ion, pro�ided�ha�such �nspec�ion sha��e und�r�a�€en promptly. L.�nd�r ma�r disburse proceeds for�he repairs and r�s�oration�n a singte paymen�or in a serxes of pragr�ss paymen�s as�he work i�comp�eted. L�n�ess an agreement is made in writing or Applica�le Law requir�s intere��o be paid an such insurance praceeds, �nder sha�� not be required�a pa�Borrower any interes�or earn�ngs on such�roc�eds. Fees far public adjus��rs, or other th�rd parties, retained by Borrower sha��not be pa�d ou�of the insurance proceeds and shall be�he sa�e obliga��on of Borro�nr�r. �f th�restorat�nn flr repair is nat economica��f�asible or I.�nder's secur�t�w�uld�be�essened, the insurance proceeds sha�l be applied to the sums s�cured by�his Securi�y�nstrument, vvhe�her or not then due, with�he excess, if a�n�, paid�o Borrower. Su�h insurance proceeds sha�1 be applied in the�rder pro��ded for in Section 2. �f Borrower abandons�he Proper�y, Lender may file, neg��iate and se�tle any aWailab��in�urance claim and r�lated ma�ters. If Borrower does no�respond�vithin 3�days to a no��ce fr�m Lender that�he insuran�e carr�er has offered ta se�tle a ciaim, then Lender ma�nego�iate and se�t�e the claim. The 3�-day period v��11 �e�in v�rhen�he notice�s giv�en. �n either event, or�f Lender acquires the Proper�y und�r Sect�on 22 or otherwise, Barrov�rer hereby assigns t� Lender�a� Barrawer's r�gh�s �o any in�uranc�proceeds in an amoun� not to�x�eed�he amoun�s un�aid under�he N�te or�h�s Secur�t� �ns�rumen�, and ��} any other of Borrower's rights�o�her than�he righ�� an�refund of unearned pr�m�u�ns paid b� Borr�v�er}under al� �nsuranc�po��cie�co�ering the Proper��, insafar as su�h rights are applicable to the co�era�e of the Propert�r. Lender may use the insurance proceeds either ta r�pair or restore th�Proper�y or to pay amaunfs unpaid under�he Nat�or�h�s Security �nstrumen�, whe�h�r or nat�hen due. 6. C]ecupancy. Barrower sha�� ccupy, es�ablish, and us�the Propert�as Borrow�r's principal residence w�thin d�days af�er the execu�ion of th�s Security In�trumen�a.nd shall con�inue to n�cupy the Pro�erty as Borrovver's principal res�d�nce for at l�a�t on�year after the date af occupanc�, uniess L..�nder o�herw�se agrees in writing, which consen�shall no�be unreasonabi� vvithhe�d, or unless extenuating c�rcumstances e��st which are bey�nd Borrower's contrnl. 7. Preservation, Maintenance and Prot�ction of th� Property: Inspect�ans. Borr�wer shall no�des�roy, darnage or impair the Propert�, allow the Pr�per�y to deteriorate or com�m.�t was�e on the Proper��. �Vhether �r not Borr�w�r is residing in�he Proper�}�, Borrov�r�r shal� maintain the Proper�y �n order ta pre�ent th� Proper��r from d��eriora�ing or de�reasing in va�ue due�o its condition. Unl�ss it is determ�ned pur�uant t� Se�ti�n 5 �hat r�pair or restora�ian is not economically feasib�e, Borrov�rer shaii promptly repa�r�he Proper�� �f damaged to avo�d further de�erioratian ar damage. If insurance ar condemnatian pr�ceeds are paid �n connec�ion with damag�to, or�he tak�ng of, the Proper�y, Borrawer shall be respons��e for repairing or rest�r�ng the Property only �f Lender has reieased prace�ds for such purpases. Lender may disburs�proceeds N�BRASKA-Single Fami�y-�annie Mael�reddie Mac IJNIF�RM tNSTRtJM�NT Form 30Z8 1141 VMP a VMPfitNE�t1302� Wol�ers Kluwer�inan�ia�Ser�ices Page 7❑f 17