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��14�491� All �nsuranc�po�icies require�.b� Lender and ren�wais of such pol�cies shal�b�subject�� Lender's righ�to disappra��such po�icies, sha�� include a standard mortga�e c�ause, and shall name Lender a�mor�gagee andlor as an additiona� �oss pa�r�e. Lender sha��have the r�gh�t�hoid �he policies and renewa� certificates. �f Lender requires, Borraw�r shal�promptly gi�e�a L�nder ai� rece�pts of paid prem�ums and renewal no�ic�s, �f Borrower ab�a�ns any farm flf insurance co�erage, not otherwise required by I.�nder, for damage�o, ar destruct�on�f, the Property, such po��shall inc�ude a standard mflrtgage clause and shai� name Lender as �nor�gagee andlor as an addi�ional �oss payee. �n the e�ent of�oss, Borrower shal� gi�e prompt not�ce�a the�nsurance carrier and Lender. Lender may nlake pra�f of�oss �f not made pramptl�by Borrower. IJn�ess Lender and Borr�v�er o�herv�r�se agree in wr�t�ng, any insurance pro�eeds, whether or no�the underl�ing �nsurance v�as requ�red b� Lender, sha�l be applied��res�orat�on or repair�f the Property, �f th� res�ara�ion or repazr is econnmically feas��Ie and Lender's s�curity is no�less�ned. Dur�ng su�h repa�r and restaration p�riod, Lender sha11 have the righ��a ho�d such�nsurance praceeds unti� Lender has had an oppor�unit��o �nspect�u�h Proper�y�o ensure the work has been�amEp�eted to Lender's satisfaction, pro�ided�ha� such inspec��n sha��be under�aken promptl�. Lender ma�d�sburse proceeds for the repairs and restorat�on in a sing�e paym�n��r in a s�ries of pro�ress pa�men�s as�he vvork�s comp�eted. Unl�ss an agr�ement is made in writ�ng or App�icable Law requ�res in�erest to�e pa�d on such insuran�e praceeds, Lender sha��not be r�quired to pay Borrower any int�rest or earnings on such pr�ce�ds. Fees for pu��xc ad�jus��rs, or o�her th�rd par�ies, re�ained b�Borrow�r shall not be paid ou�of th�insurance praceeds and sha��he the s�Ie ab�igation of Borr�wer. If the res�ora�ion or repair is no�econ�mical�y feas�ble or Lender's 5ecurity wou�d be�essened, the insurance proceeds shall b� appl�ed�o the sun�s s�cur�d by�his 5ecuri�� Ins�rument, whe�her or not then due, w��h��e�xcess, xf any, pa�d to Borrov�rer. Suc�.�nsurance proceeds shal��e applied in the order pr�vided for in Section�. �f B�rrower abandons the Property, Lender may�le, negat�a�e and settle any avai�ab�e insuran��cla�m and re�ated n7a��ers. If Borrower daes not respond wi�hin 3D days to a not�ce from Lende��ha�the insurance carrier has offered�o se�t�e a claim, �hen Lender may neg�t�ate and settle�he c�a�m. The 3�-day peri�d wi�l �eg�n when the noti�e is g�v�n. �n ei�her e�en�, ar�f Lender a�quires the Property under Sec�i�n 2�or o�herwise, Borrower here�y assigns�o Lender�a� Borrower's r�ghts to any insurance proce�ds in ar�am�unt not�o exceed�he amounts unpaid under�he No�e ar�his Securi�y �nstrumen�, and �b} any other of Barrow�r's r�ghts (other than the right to an�r refund of unearn�d premiums paid by Borrower}under all insurance polzcies cavering�he Propert�, insofar as such r�gh�s ar�app�icabl��o the cov�rage of the Pr�per�y. Lender may use�he�nsurance proceeds e��h�r to repaxr or res�ore�he Proper�y or�o pa� am�un�s unpaid under the Note flr�h�s Secur�ty �nstrumen�, whe�her or no�then due. �. 4ecupan�y. Barrov�er sha��occupy, establish, and use�he Property as Borrower's principal residen�e �v��hin��da�s after the execution of�his Securi�� nstrumen�and shall con�inue to occupy�he Property as Borrovver's princ�pal residence far a� �east on��ar after the date of occupanc�, unless Lender oth�rv�ise agrees in v�rriting, wh�ch consen�shali not be unreasonably w�thheld, or un�ess e�.�enua�ing circumstan�es exist which are beyond B�rrawer's can�r�I. 7. Pres�rWatian, Ma�ntenance and Prvtection vf the Property; �C15�7�CtIt3Ct5. Borrower sha�i na�destro�, damag�or iampair�he Proper�y, allflw the Praper�y t�deteriora�e or commi.t waste on the Propert�. Whether or no�Borrower is residing in the Proper�y, Barro�er shall main�ain the Proper�y in order�a pre�ent the Property from deteriora�ing or decreasing �n�alue due�� s condi��on. Un�ess it i�d��erm.�ned pursuant ta Sec�ion 5 �hat repa�r or r�stora�ion is no�e�onomical�y feas�ble, B�rrov�rer shall prompt�y repair the Property if damaged ta a�oid fur�her de�er�oration or dama�e. �f�nsurance�r condemna��an proceeds are paid in connecti�n v�rith�amage ta, or�he tak�ng�f, th�Property, Borrov�rer shall be responsib�e far repair�ng�r res�ar�ng the Proper�y on1� if L�nder has released proceeds far such purposes. Lender ma�disburs�proceeds N�BftASKA-Sing�e Fam��y-�ann�e Mael�reddi�Ma�UNI�ORM INSTRl3M�NT Form 3�28'�1�� VMP Q VMP6�N��fi 302} Watters Kfuwer Financial 5er�ices Page 7 vf 17