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� ` � <br /> , <br /> � , � , � ��14�4355 . � . _ <br /> a , <br /> ; <br /> � �� � � � � �� � <br /> ,. <br /> Al��nst�r�.nce pol�cies requit°ed by Le.nde��and�re�.evv�.Is of sL��11 pol�cies shall�e su�jec�to Le��de�'s right ta <br /> , dxs�.�p��ove such policies, s�al�include a s��.�1�a��.ma�•tgage c1a�.�se, a�a�.s�a11�ame Lender as��Zo�•tgagee <br /> � andlor as an addi�iona�loss payee. Lender sha11��ave t�e righ��o ho1c��he�olicies a�ld�•enewal certificates. If. <br /> Lerider requires, I3o����a�er shall��omp�ly give�fl Let�c���i a71 receip�s�f paic�preiniums and rene�val�otices, <br /> ' �f Borrower o��ains a�1y form of insu�r�nc�coverage, not o��ervvise rec�uit°ed�y Le�det•, for c�amage to, or <br /> - dest�uc�io��of, the P�•operty, suc�1 palicy sha�l i�nclL�de a stan�ard�.�o��tgage claus�and shall name�ender as <br /> mortgagee andlor as�.r��.�.�.itional loss payee, <br /> Yn�he event of 1oss, Bot r�o�e�r sha�l give prom-��no�ice�o�he ir�surance carrier atld Lender, Lender n��.y <br /> malfe pt�oof�f loss�f�flt made p��o�np�ly�y I3orrovve��. LTnless Lende�•and Borrower othervvise agt•ee in <br /> Wf 1�1Y]g, �.ny i��s�r�.nce p�{oceec�s, vvhethe�•or x�ot th�u�nder�yi�g ir�surance was��eqt�i�:e�.by Le�ader, sha11 be <br /> app�ied to t•estora��an or�repait�oF i:he P��ope�•ty, i�th�restoration or�•ep�.ir is economically feasible a��d. <br /> Le��der's se�uri�y rs not Iesse��ec�, DL�ring s��c��epair a��d�es�ora��on perioc�, �.en�er s�ia1�1��ve�he righ��o <br /> . hnld suc�ins�.�rance pr�oeeec�s unti�Lender has�1ad at1 oppor�unity�o�nspec�such Prope��ti��o ensl�re�h� <br /> wor1�has been co�npleted to Ler�der's satisfac�zo�a, pro�ide�.th��such�nspecti��sl�a1��Oe unc��rt�l�en <br /> promp�ly. Le��der may�.isbut�se prticeec�s for the repairs a1�d restara�ion in a single payment ot•in a se��i�s�f <br /> pragl ess payrnen�s as�l�e vvork�s coznp�e�ed. Ui�ess�.n a���ee��en�is n�ade in v�rii;i�ng o�•.A.�p�icable Law - <br /> requi�•es interest�o l�e paid on s�.�c11 ir�surance�t•oceeds, L�nde�r sha11 n��1�e�eq�.��1•ec�.to pay Borrovver�.ny <br /> inte��e��.ar ear��ings on sc�ch pra�eeds. Fees fn�•p�.�blic adj usters, ar a�her t���rd pai•�ies, t•etained�y Bort•ower <br /> sha���a�be pa�d au�of the i��su���.nce proceeds a�d s��a���b�t��e soie o�Xiga�xon of Bor��o�wer. �f�he res�oration <br /> or repair is�.o�;econorr�i�ally fe�sible or Lende��'s sec�ri�y wo�.�ld be lessetled, i:he insura�ce proceeds shall be <br /> �.�apl�ed to �1�e sun�s secured by�hxs SecL�r��y���s�ru�1en�, vvhet��e�j ot��ot then d�e, �ri���.the excess, if�.ny, <br /> pai�.to Borrower. StiC�T 1115E:1�.�ance p�o�eeds s�1a1�be appliec�i�a t��e arde��prov�d�d for in Sec�io�2. <br /> If Bo��rQ��r abando�s the Proper�, Lender may fi1e, �egottate and settle any av�.ilable it�sura�ce cla�nz a�7d. <br /> i�ela�ed rnatters. zf Borrowe�does na�respond wi�hin 30 days�o a notice fi•om Lende��tha�:tlle ins�.�rance <br /> ca�r��x•has offe�ec��o se�t��a clai�n, �hen Let�de�•may negai:�ate and settle���e claim, The 3��day period�wil1 <br /> �egin vv11e�t�ie na�i�e is give�a. I�.ei�he�even�, ot�if L�nd�r a�c�uit�es��Ze Propertiy unc�er Section 2Z ot• <br /> othervvi5e, Bot rav�er here�y assigns�o Lender�a}Bor�•ov�rer's z•ights�o �.ny insL��ia�.ce�roc�e�s in a�a a��7o�.�nt <br /> rio�:�o exc�ed�he�.mounts�.�np�.id un�.er�he N��e ot��Zis Sect�rity�t�s�rumen�, ���(b} a�1y o�11er of <br /> Bort•our�r's righ�s�o�her�1�an the righ�to any refund of t�nearned pre�niu�.�s��.id by Bor�rowet•�t�n�.er a�l <br /> �nsurance p�lic�es coveri�ag t��.e Pz•o�e��y, in�ofar as suc�l r igh�s are applicable�o�he coverage of�he <br /> Pra�et�y, Lender may use the rl�surance proceeds ei�11e��o repair or�•esto�•�tl�e P�•operty ar to pay amounts <br /> �.�npaid L��1�.er�he Na�e or�:�rs Seci�t�if:y Ins�ri.�ment, whe���e��or�a��1�er�d�.�e. <br /> �, C]ccu pan cy. Bflt•rov�et•sha11 occiipy, es�al�lish, arid�ise i.he P�'���t���.5 B41��W�1•'s pX•inci�aX x•es�de��ce <br /> withi�l6� days after t�Ze execut�.on of t�ais Sectx�i�y Insti�u�l�en�a�1d sha�l�o��tinue�o occ�.�py���e�'i•ope���y as <br /> Bot•rovve�•'s pr�nci�ra��esidence for at�eas��r1e ye�r af�er�t�e da�e of occupar�cy, u�1�ss Lender othet vvise <br /> ag�e�s in wri�i�g, �vhic�cor�sen�s�1�11 i�o��e L�t�reasona�ly wit�.���.er�, ot�t�nl�ss extenua�ing ci�•ct�xnsta�.��es <br /> exts�:vvhich�.re beyond I3o�rovv�r's co�a�rol. <br /> 7'. PreserWa�ian, l�ai�n�e�nance and Protec�ion of�he Pr�per�y; ln�pections� Bort�ov�er sha1�n�t�.estroy, <br /> � �a�1�ge or itn�ait���le Propertiy, �.11o�t11e P�•ope�*ty to deter�o��a�;e or comm�t v�aste on t��e P��ape��ty. �Vhether <br /> ot•r�o�Bort ower�s residit�g in t��e Propei ty, Lox���owe�r sh�ll n��in�azn th�P��o�e�•ty xn o��de���o p�•even��he <br /> Ptio�erty frorz�c�ete��iora�i��g o�•c�ecr��sing in va�t�e dt�e to i�s co1�d��ion, Un�ess it Ys de�ermined p�.�rsuant�o <br /> Sec��on 5�t��a�repair or i•es�ot'c�.�1011 1S 11���C4f1�fZ71Cc`1.I�y fec�S117�,e� Lo��t�o�ue��sha11���on�ptly t•e�air t��.e P��oper�y <br /> if c�amaged i:o�.voic�fut�t�her de�erio��ation a��c�amage. If i��s�.�ra�.�.c�or co�d�ri�raa�ion�roceeds a��e paid�n <br /> cotlnec�ro��wit�1 c��.m�.ge�:o, o���.��e tal��ng of, tl.�e P�op��•tyy Bortowex�s11a111�e i•espons��le fai•��epai�•i�g ar <br /> restot�ing tla��Prope�ity o�a1y if Le�de�•��as�t•eleased.proceec�s fot•suc11 pt��poses. Lender n1�.y disl�t�t�se�aroceeds <br /> 900352��7477 <br /> NEBRASKA-5ingle Fam91y-Fannie M ae��reddie hil ac lJN1��RN! INSTRUM�N1' Form 3a28 110� <br /> VMP p VM P6�NE}�11�5} <br /> Wo[ters Kluwer�inan�[al 5ervices Page 7 of�7 <br />