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��14�3443
<br /> A�� �nsurance pol�cies required by Lender and renewa�s of such policies sha�I be subject�a Lender's r�ght�o
<br /> disappra�e such policies, shal� inc�ude a s�andard mor�gag�clauses and shal� name Lender as�nor�gage�
<br /> andlor as an addit�ona� �oss payee. Lend�r shall ha�e�he r�gh� �o hold the po�icies and renewal cer�ifica�es. If
<br /> I.ender requir�s, Borrower sha��promptly giv��o L�nder all receip�s�f pa�d premiums and renewa� notices.
<br /> If Borrov�er o�tains any form af insurance co��rage, not otherwise required by Lender, for damage�o, ar
<br /> des�ruc�ion of, the Prop�rty, su�h pa�icy shall �nciude a s�andard m�r�gage c�ause and shall name Lender as
<br /> m�rtgagee andlor as an add���onal loss payee.
<br /> �n the e�ren�of loss, B�rr�wer shall giu�prompt noti�e�o �he�nsurance carrier and i.ender. Lender may
<br /> make proof�f loss �f n�t made promptly by Borrnv�er, t7n�ess Lend�r and Borrovver otherv�ise agree in
<br /> ulriting, any �nsuran�e pr�ceeds, whether or not t�ae under�y�ng �nsurance was requ�r�d b� Lender, sha��be
<br /> app��ed�o r�stora�ion ar repair of the Property, �f the res�arat�on or repa�r�s e�onomicall� feas�ble and
<br /> Lender's securi�y is not lessened. During such repair and res��ration period, Lender shall have the ri�h�to
<br /> hold such insurance proceeds unt�� Lender has had an oppor�un�t�to �nspect such Property to ensure the
<br /> wflr�has�een comple�ed to Lender's sa�isfaction, pra��d�d�hat such �nspection sha��be under�aken
<br /> promp�ly. Lender may disburse proceeds far the r�pa�rs and restoratian in a single paymen�or in a series of
<br /> progress pa�men�s as�he w�rk is c�mplet�d. I.]nless an agreement is made in wri�ing or Applica�ie Law
<br /> re�uires in�erest to b�paid on such�nsuran�e proceeds, L.end�r sha��no�be required ta pay Barrower any
<br /> in��rest or earnings on such proceeds. Fees for pubiic ad�usters, or�ther�h�rd par��es, retained b�r Bflrrower
<br /> shall nflt be paid out af�he�nsurance pro�eeds and shal�be�he sole�bliga�ion�f Borrow�r. If�he res�oration
<br /> or repair�s nflt e�onomuca��y �easib�e or Lender's secur�ty would be�essened, th� insurance proce�ds shall be
<br /> app��ed to�he surns secur�d by�his Securi�� �ns�rument, whe�her or not�hen due, v�r�th the excess, �f an�,
<br /> paid�o Borrower. Su�h insurance proceed� shall be ap���ed in�he order prav�d�d far in Section 2.
<br /> If Borrov�rer abandons�he Propert�r, Lender may �i�e, ne�o��ate and settl�any avai�abl�insurance�laim and
<br /> re�ated mat�ers. �f Barrow�r does no�respond v�ri�hin 30 da�s�a a notice fronz Lender t�at the�nsurance
<br /> carrier has�ffer�d to sett�e a�la�m, then Lender ma�nego�iate and s���le�he claim. 'T�.e 3�-day periad wi�1
<br /> beg�n�hen�he natice is�i�en. �n either event, or if Lend�r acquires the Pr�p�r�y under�e�tian 2�or
<br /> �therv��s�, Borrower hereby ass�gns�o Lend�r�a} Borrov�rer's r��hts to any insurance proceeds in an amount
<br /> no�to exceed the a�maunts unpaid und�r the Note�r this Security �ns�ruxnent, and�b} any��her of
<br /> Barrower's rights �ather than�he r�ght to any refund of unearn�d pr�miums paid by Borrower�under all
<br /> insurance pa�icies co�er�ng�he Proper�y, insofar as such r�ghts are appi�ca��e to�he coverage�f�he
<br /> Propert�r. Lender may use�he insurance proceeds ei�her to repa�r ar restare the Property ar ta pay am�unts
<br /> unpaid under the Nate ar this Securi�y Instrument, whether or na��hen du�.
<br /> �. C3ecu�rancy. Borrower shal�accupy, estab��sh, and us�the Propert� as B�rrov�►ler's principal residence
<br /> wi�hin 6�da�s after the executian af this S�curity�nstrument and shail cont�nue�o occup�the Propert� as
<br /> Borr��ver's princ�pal residenc�for at least one y�ar af�er the da�e of occupancy, un�ess Lender o�herw�se
<br /> agrees in wri�ing, vvhich c�ns�nt sha11 not be unreasonab�y wi�hhe�d, or uniess extenua�ing C�rcumstan�es
<br /> ex�st wh�ch are bey�nd Borrow�r's con�ral.
<br /> 7. Preser►ration, Ma�ntenance and Protection of the Property; Inspections, Borrower shal� not des�roy,
<br /> damage or�mpair the Propert�, a��ow the Proper�y�o deteriorate or commit was�e on the Proper�y. Wh��her
<br /> or no�Borrow�r is residing �n�he Prap�r�y, Borrov�rer sha�l z�naintain the Proper�y xn�rder ta prevent t�.e
<br /> Proper�� fr�m deteri�rat�n�ar decreasing in�a�u�due t� its�ondi�ion. Unless �t is determin�d pursuan�to
<br /> Se�tian 5 that repa�r or restora��on is not econom,�cal�y feas��b�e, Barrawer shall promp�ly repair the Proper�y
<br /> if damaged�o avoid fur�her deteriorat�on or damage. �f insurance ar�ondemnat�on prnce�ds are pa�d�n
<br /> connectian wi�h damage�o, or the tak�ng of, the Proper�y, Borrower sha�l be responsible for repair�ng or
<br /> restaring the Pr�per�� only �f Lender has re�eased proceeds for such purp�ses. Lender may disburse pro�eeds
<br /> NEBRASKA-Singf�Farr�ity-Fannie MaelFreddie Mac UNIFDRM[NSTRUMENT �o��,�o�a�io�
<br /> VMP Q VMPStNE��13�2f
<br /> Woiters Kluwer Financia�Ser�ices Page 7 of'�7
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