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��14��173
<br /> A1� insurance policies required�y L�nder and renevWa�s of su�h polic��s shal�be sub�ect to Lender's right to
<br /> disappro�e such poii��es, shall include a standard mor�gage claus�, and shall name L,ender as mor�gag�e
<br /> andlor as an additional loss payee. L.�nder shall ha�re�he right to ho�d th�pa�ic�es and renewal cer�ificates. If
<br /> L�nder requires, Borrawer shall promptly gi�re t� L�nder alI receipts of paid premiums and renewa�notices.
<br /> If Borrflwer obtains any form of insuranc�ca�erage, no���h�rv��s�required by Lender, far damage�o, or
<br /> destru��ion�f, the Pr�per�y, such pol�c� shal� ine�ude a s�andard morrgage clause and shai� name Lender as
<br /> m�rtgagee andlor as an add�tzana� loss pa�ee.
<br /> �n the even�of loss, Borrower shail gi�e prompt notice to�he�nsuran�e carr�er and Lender. Lender ma�
<br /> make praof of loss �f not made prompt�y b�Borrflwer. I1n�ess Lender and Borrower oth�rw�se agree�n
<br /> wri�ing, any �nsurance proce�ds, whe�her or nat�he underlying insurance was required by Lender, sha�I be
<br /> app�ied�o restorat�on or repair of the Proper�y, if the restora�ion or repair�s econ�mical�y feas�bl�and
<br /> Lender's security�s not 1ess�ned. During such repa�r and res��ration per�od, L.ender shal�have�he r�ght tfl
<br /> hold such insuran�e prnceeds until L�nder has had an appor�uni�y�� inspec� such Proper�y to�nsure the
<br /> ur�rk has been comp�eted�o Lend�r's sat�sfac�ion, pra�ided tha�such insp�ction shali�e undertaken
<br /> prompt�y. Lender may disburse proceeds for�he repairs and r�storation in a single paymen�or�n a series of
<br /> pr�gress payments as�he work�s completed. IJnl�ss an agreemen��s made in vvri�ing or Applicab�e Law
<br /> requ�res interes�t�be paid an su�h �nsuranc�proceeds, Lender sha��not be required to pa� Borrflwer an}�
<br /> interest or earn�ngs on su�h praceeds. Fees for public adjusters, nr other�h�rd par��es, retained by B�rrawer
<br /> shall not be paid out of��e�nsurance proceeds and shal� be�he s��e obligatian of Bnrra�ver. �f the restora�ion
<br /> or repair is not economically feasib�e or Lender's se�urity wouid be lessened, the insurance praceeds sha�l be
<br /> appl�ed to �he sums secured b��his Security �nstrument, wheth�r ar no�then due, wi�h the excess, if any,
<br /> pa�d t� Barrawer. Such insurance proceeds shall be app�ied�n�he�rder pro�ided far�n Sect�on 2�.
<br /> If Borrnwer abandons �he Property, Lender may �le, negotia�e a.�d settle any availa�Ie�nsurance c�aim and
<br /> r�ia�ed matters. If Borrov�rer does not respand with�n 3�da�s ��a na�ice frona I,ender�hat�he �nsurance
<br /> carrier has offered�o settle a claim, �hen Lender may negfltiate and settle the cla�m, The 34-day period v����
<br /> begin wh�n�he no��ce is given. �n either even�, or�f Lender acquires the Property under S��tion�2 or
<br /> atherwise, Barrower h�reby assigns �a L�nder�a} Borrower's r�ghts�� any insuran�e proceeds in an amount
<br /> no��o exceed th�amoun�s unpai�.under�he Note�r th�s S�curi�y �ns�rument, and�b3 an�o�h�r of
<br /> Borrow�r's rights �other�han�he right ��any refund af unearned premiums paid by B�rrov�rer}under a��
<br /> insurar�ce poliGies covering the Praperty, �ns�far as suGh righ�s are app��cable to the co�erage of the
<br /> Propert�. Lender ma�use th� insurance pr�ceeds e�ther�o repair nr restore�he Property or to pay amounts
<br /> unpaid u�der the N�t�or th�s Secur��y Ins�rument, �rhether or not�hen due.
<br /> �. 4c�upancy. Borrower shall occupy, estabZ�sh, and use the Propert�as B�rro�ver'�principa� residence
<br /> wi�hin 6�days af��r the exe�ution of this Security �ns�run�ent and shall continue to occup�the Propert}�as
<br /> Borrower's pr�n�ipa� r�s�d�nce f�r at�eas�one year after�he date of occupan�y, unless L,ender otherwise
<br /> agrees in writing, �vhi�h c�ns�n�shai� not b�unreasonab��withheld, or uniess e��enuating circums�ances
<br /> ex�s�wh�ch are�eyand Barrower's con�rol.
<br /> 7. Preser�ation, Niaintenance and Protection of the Property; Inspect�ans. B�rrower shal� no�destro�,
<br /> damage or�mpair the Prope�.�, a�low tihe Proper�y to d�teriorate�r comrni�was�e on�he Pr�pert�. Whe�her
<br /> or not Borrov�rer�s resi�Xng in�he Propert�, Borrow�r sha�l maintain the Pr�perty �n order�o pre�rent the
<br /> Pr�perty from deteriora�ing or decreasing in value due�o i�s c�nditian. Un�ess it �s de�ermined pursuan�to
<br /> Se���on 5 that repair or res�oration is nat ec�non��ca��y feas�b�e, Borrawer shal�promp��y repa�r�h�Proper�y
<br /> if damaged to avnid fur�her deteriaration or damage. �f insura�ace flr c�ndemnat�on proce�ds ar�paid in
<br /> conr�ec�ion with damage�o, ar�he�akin�of, the Prop�rty, Borrower sha��be responsibl�far r�pa�ring or
<br /> res��r�ng the Pr�per�y�nl}� if Lender has re�eased proceeds for such purposes. L�nder may dis�urse pra�eeds
<br /> N�BRASKA-Single Family-Fannie Mael�reddi�Mac UNI�DRM INSTRUMENT Form 3028�141
<br /> VMP[) VMP6�NE)��342�
<br /> W�lters Kluwer�inancial Ser�ices Pag�7❑f 17
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