��14�7�4�
<br /> Al� ir�s�rance polic�es req�.�t ed by Lender�.�d renevvals af suclz po�icies s�ia�l be subj e���a Lender's r�ght tio
<br /> �.�sapprove�t�c��policies, s�1a��ir�c��.�de a s�an��:r�.�no���gage c�a�se, and s��a��z��.�ne Len�er as ir��r�gagee
<br /> ar�dlor as an additiatlal loss payee, Lende�s��a1��zave�1�e rig�it�o ho1d.��ae policies�and rer�ewa�cer�ifica�es, �f
<br /> Lenc�e�•req�zres, B�rrawer s�z�.1��ro�np�:l�give�o Lender�.��re�e�p�s �f paid pre�niu�n� a�zd renewal tlo�ices.
<br /> rf Borrower ab�a�ns any for�n oF insurance c�verage, no�a�herwtse t•eq�irec�.hy Lelzc�et, far dail�age��, or
<br /> �.es�ru��io�1 of, �he Pt ope�ty, suc�1 pa��cy sha11 ifzclude�.stanc�arc�mor�gage clause and sha11 na.ine Le�z�.er as
<br /> mortgagee andlor as an adci.���onal Iass payee,
<br /> �r���Ze ever�t of loss, �3oxrower slzall give protnp�nfltice�o��ie xnsuran�e cari�ier an�.Lende�, Lender�ZZ�.y
<br /> ma�{e proor�F l�ss�f r�a�mad�prninpl:ly by Barrowet. Un�ess Lender and Bo�x�ov�rer o�lzerwise agree in
<br /> wr��i�g, any��z�urance procee�.s, vv�let�er ar n���he LuzderXyxng insu�•ance w�s rec��zirec�by Le�der, sha��be
<br /> app��e�.��res�ar�.��on or repai��f i.he Praper�y, if�he res�or�.tlan ai�r�pair zs eco��o�nica�ly feas���e a�d
<br /> Ler�c��r's �ecurl�y is not�essened, I]ur�ng such re�air anc�restara��o�perioc�, Letlde�sha���.ave�1�e rigl�f;to
<br /> �1o1d s�ch i�sLx��.nce proc�ec�s ur�ti�Ler�der 11as 11ac��n opp�rtun��y�o ir�s�ec�such P�opet�y t� ensure�he
<br /> vvarl�has bee�.comple�ed�a Lender's sati�Fac�ior�, prov��.ed��za�such i�ls�aect�on s��a11 be u�der��Ifer�
<br /> p�r�lnpt�y. Le�z�.er inay di�burse procee�.s for��a.e�epairs ��d�es�o�at;�on in�:s��agle payiner��ar ir�a ser�es of
<br /> progress pay�nents�s the wor���s co�nple�ed. Ur��ess ari agreetnen�is�x�ade i�.w�i�ing or Applicab�e Law
<br /> rec�u�res�zz�eres���be pa��on sucla i�1su��nce proceeds, Lendet•sl�al�r���be required to pay Borra�tnrer a�z�
<br /> �n�eres�ar earnitzgs o��such pro��eds, ree� far���b��c a�.juster�, or ot��er��z�r�.par�;ies, �eta��led by Borrovvet
<br /> s�.a���a�ve paid out af���e��Zst�ra��.ce�roceeds a�zd s�1a11 be the s�1e ob��ga�io�z of Borrovver. If��a.e restora�io�
<br /> or repair is flat eco�oinically feas�lal.e ar Len�.er's securi�y wou�d�e Iessened., t1�e i�7sur�nce�ro�eec�s sha��be
<br /> app�ied to t��e s�f-ns secured Uy�h�s Securi��r Instrul�zent, whe�her or no���ien due, w�1:�1 t11e excess, �f a�y,
<br /> paic��o Borro,wer. Such�xzsuz�a.izce proceec�s s1�a11 l�e appl�ed i��he�rder pravidec�Foi ir�Sec��an 2,
<br /> If�3or��awer �b��.do��s the Prope��y, Lende�•�nay file, negoi;�a�e�.�zd se�tle any availab�e�nst�r�.nce claitn at�d
<br /> r�la�ed�na��ers, If Barrawe�doe��ot��espone��wi�1u�3 4 d�.ys�o�.�o�:ice Froir�Ler�de��ha���ze in�ura�ce
<br /> ca�t�et has off�red�a se�tile a c1�.un, �hen Lender��zay nega�iate�.r�e�s�ttle��.e c��.��xx, The 3�-�day perio�.Wi��
<br /> beg�n when the��atice is�;ive�� I�ei�ller eve�.�, or �f Le�.der acc��.�ires the Pra�et�ty�:���der Sec�ia���2 �r
<br /> ot��erv�ise; Bor�a�er hereby assigz�s to Le�lder�a}I3orrowe�r's righ�s to any insuran�e proceeds����z a�nou�l�
<br /> �zot�o exceed tlle a�nour��s unpaid u�ldef-��Ze�To�e o��his Securi�y Ins��uznent, anc��b� a�ay o�he�•af
<br /> I3arra�er'��°ight� �othe��:h�.n���e rzg�1��o any refi.��1d of x.��.��trx�ec�p��e�nium�paid by Bori��we��unde�a�1
<br /> �nsurance�olicies �avet•ing�11e Property, insofa�: as suc:h xxg�z�s are apprica��e 1:�til�e cove�1ge�f t��e
<br /> Praperty. Lender�n�.y use the ins�z:az�c�p�•oceeds e��her�a repair�r resto��e t���P��ope��y or�a pay a�nou�t�
<br /> unpai�u��c��r t��e No�e o�:�11is Secu�i�y�xas�ru�ne���, vv�le��ze�o��tzot t�1ei1 due.
<br /> �. Deeupancy. Borrawe�r sha1� occupy, es�abltslz, and us�t�1�Pro�et•�y as Bo��o�t�ver's�rir�ci�al resi.det�ce
<br /> wi��i�n 6� c�ays af�er�;�ze ex�cLx�ion of��1is Secut•ity Ins�:t:u��1er��anc�s��al�cox���nt�e�o oe�upy���e Pt a�er�y as
<br /> I3arx ovver's p�i��ci�a.�resid�tice for at Ieas�one yeat�after��le da�e o�o�cu��a�zcy, uriles�Lenc�er at�lerwise
<br /> a��•ees in wri�ing, wf�ich ca��seni:s�ZaI1�10�;be�.�ru•�ason��ly wi�hhe�d, or u�.a.less ex�e��txatir�g circ�:�instances
<br /> ex�s�wh�c�a.are beyo�lc�I3nrrnwer's cor�tt�ol.
<br /> 7, Preser�rat�on, I�a�nfienance and Pra�ect�on �� th� Pro�er�y; �nspectior�s. Borraurer �ha�l no�de��roy,
<br /> �.a�nage or z�npa���he Praper�y, arlavv�lz�Pra�e1��r to c�e�;eriarate or cotn��n�t v�as�e fl���he I'�•flper�y. �he�her
<br /> o�no��3or��ovver�s residing tt����e Propel�y, Barrowet s�zall in�.���ai�l the Prap�rty�n o�c�er to preveri���ze
<br /> �'�o�er�y f�a�n�.e�erxorat�ng ar c�ecz easi�g i�z value c�L�e ta its conditi�n. Un�ess iti is c�.e�er�l�z�ze�.p��rsua�z��o
<br /> Se���o�z 5 �1�a�rep�.�r ar restora�:io��is na1:econoi��ically feasible, Bo��rflw�r s��a11 pr��n��1y�e�ai���ze Praper�y
<br /> �f c�a�n�.gec��o avoic�furtl�er c�e�:eriora�:ion at�d�.inage. If insurance t�r conde�za�a.�.�io�a.pro�eec�s are paid in
<br /> c�t�lec�ioil with dal�nage i.o, ar t11e ta�{i�g al, the Pt•ope�f:y, I3o�rQwe�`slaa��be respansil�le Far re�a.iring or
<br /> restoi�ing�11e Pro}�e��ty oi�1y�f Le�lder IZas releasec��roceeds f�r st��1�purpases. Lende�may c�isburse praceec�s
<br /> ��007��0
<br /> NEBRASKA-SingE�Famlly-Fanr�le M a�J�reddie M ac L1N��ORM lN5TRL11N ENT Form 3428 ���1
<br /> VM P d IIM P6�N�}���42}
<br /> Vlloiters Kluw er Financial Servl�es Pag�7 af 17
<br />
|