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��14�7�59
<br /> All insurance policies requ�red b� Lender and ren�wais of suc�.pa�icies sha��be subj�c��a Lender's right ta
<br /> disapprove such polic��s, sha�� �n�lude a standard mor�gage clause, and sha��name Lend�r as martga�ee
<br /> a�dlor as an addi�iQnal loss payee. Lender shali ha�ve the righ��a h�id�he po��ci�s and renewa�cert�fi�ates, if
<br /> Lender requ�res, Borrow�r s�.a��pramp�ly gi�e to Lend�r all rece�p�s af pa�d premiums and renewal not�ces.
<br /> If Borrvv�er ob�ains an�forn�.�f insurance coverage, not atherv�r�se requ�red by Lender, for dama�e�a, ar
<br /> destruction of, �he Praperty, such po��cy shall �n��ude a standard mor�gage c�aus�and sha�l name Ilender as
<br /> mor�ga�ee andlnr as an additiona�l�ss pa��e.
<br /> �n the event of�oss, B�rr�wer shal.� g��e promp�na��c��o�he insurance�arri�r and L�nder. L�nder may
<br /> mak�proof of�ass �f nat made pr�mp�Xy b�Borrower. IJn�ess L�nder and B�rravver�therwzse agree �n
<br /> writing, any �nsurance proc�eds, w�e�her ar no�the un�.�r�ying i�surance was requir�d b�Lender, sha�i be
<br /> applied to restoration or r�pair of the Proper�y, �f the restara�i�n�r repair�s economically feasible and
<br /> I.�n�er's s��urity i�not�essened. During su�h repa�r and res�ora�i�n period, Lender sha11 ha�e the righ�to
<br /> ho�d such insuranc�praceeds un�il Lend�r has had an oppor�uni�y�o inspect such Property to ensure�he
<br /> work has been completed to I,ender's sa�isfact�on, pra�ided�hat su�h inspectian sha��be�nder�aken
<br /> prorr�p��y. L.ender ma�disburse proceed� f�r the repa�r�and res�ora��on in a sing�e paymen�or i�.a serxes of
<br /> progr�ss paym�nts as�he work�s�ompleted. Un��ss an agreemen�.is made in wr��ing or App��cable Law
<br /> requ�r�s in��res���b�paid on such insurance prace�ds, I.,�nder sha��nat be required to pay Borrovver a�ay
<br /> interest or earnings on such praceeds. Fees for pu��ic ad�us�ers, or at�er�h�rd parti�s, r�ta�ned by Borrower
<br /> sha�i nat�e pa�d ou��f the insurance proceeds and sha��be the s�le o�liga�ian af Borrow�r. �f the r�s�ara��on
<br /> or repair is not econom�ca�ly feasib�e nr Lender's securxty would be�essened, the insurance proceeds �ha��be
<br /> app�ied to�he sums secured by�his S�curi�y Instrumen�, whether or n�t then due, with the excess, if an�,
<br /> pa�d�o Borrov�er. Such�nsurance proceeds shall be applied in the ord�r pro�ided far in Section�.
<br /> If Borrvwer a�andons the Prop�r�y, I.�ender ma�fi�e, neg��ia��and set��e any ava��able�nsuranc��laim and
<br /> r�Ia�ed matters. �f Barro�v�r does not respond wit�in 3D da�s�o a not�ce from L,ender tha�t�he�nsurance
<br /> carr�er has offered�o �e��ie a cla�m, then Lender ma�negatiate an.d set��e�he c�a�m. The 3��day period v�i��
<br /> begin when the notice�s g��ren. �n e�ther e��n�, or zf Lender acquires�.h�Property under Sec�ion 22 or
<br /> �therw�se, B�rr�w�r�ereb�assigns to L�nder�a}Borrower's righ�s t� any insurance proceeds �n an amoun�
<br /> n�t t�e�ceed�he am�un�s unpaid under�h.e Note or��is Security�nstrumen�, and�b� any o�her of
<br /> Borrower'�ri�hts �other than the right�o any refund of unearned premiums paid by Borrower�under a�l
<br /> insurance poi�c�es cov�r�ng the Proper�y, insofar as su�h righ�s are appli�ab�e�v�he cov�erage of�he
<br /> Property. Lender ma�use the insurance prace�ds either�o repa�r or restore�he Property or to pay amaunts
<br /> unpaid under#xie�o�e or�his Se�uri��r�nstrument, whe�her or not then due.
<br /> 6. Dccupancy. B�rr�wer sha.��occupy, �stablish, and use the Property as Barrower's pr�nc�pa�residence
<br /> w��hin��days af�er�he�xecut�on of�his Secur�ty ��astrum�n�and shall con�inue t����upy the Proper�y as
<br /> B�rr�wer's princ�pa�resid�nce for a��east�n�year after the da�e of accupancy, u��ess Lender�therw�se
<br /> agr�es in vvrit�ng, �rhich c�nsent shai�not be unreasonab�y w�thrie�d, �r unless extenuating c�rCumstances
<br /> exis�whi�h are beyond Borrawer's c�ntrol.
<br /> 7. Preservati�n, Maintenance and Protectian of the Pr�perty; lnspectians. Borrower shall not destroy,
<br /> darnage flr impair�he Proper�y, a���w �he Proper�y to deteriorate or commi�was�e on�e Proper�y. ''LN'hether
<br /> , or na�Borraurer�s residing in th�Praper��, Barrower shali mainta�n�h�Praper�y��.or�er t�prevent�h�
<br /> Property from de�eriora�ing or t�ecreas�ng in�a�ue due t��ts candit�on. UnI�sS it is determined pursuan�ta
<br /> 5ection S �hat repair ar res�orati�n is no�econamically feasibie, Borrower sha1�prampt��repa�r th�Praperty
<br /> if damaged ta avoid further deteriora���n�r damage. If insurance ar c�ndemnation pracee�s are paid�n
<br /> connect�an w�th damage ta, or th�taking af, �he Proper��, Borrovver shal��e respons�bie f�r repa�ring or
<br /> resforing�he Proper�y on��if Lender has r�l�ased proceeds for such purposes. L.�n�er may d�sburse proce�ds
<br /> N�BRASKA-Single Family-Fannie MaelFreddie Mac UNlF�RM 1N5TRUMENT �a�-rn 3��8 11�1
<br /> VMP[� VMPfitNE3 t�3Q2f
<br /> Wolters Kluwer Financial S�r�i�es Page 7 of 17
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