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��14�77�� <br /> All insurax�ce policzes required by Lender a.n.c�renewals af such policies shall be subj ect t�Lend�r's right to <br /> d�sapprove such pa�ic�.es, sha��include a s�a�idard mortgage clause, a:�d�hall name Lender as mortgagee <br /> andlor as an addit�onal�ass payee_ Lender sha1l have the right to h�1d�ie policies ar�d renevsral.cer�.�icates. If <br /> Lend�r requ�.res, Borrower�hall promptly g�ive to Lender a11 recezpt�of pa�d prem7.ums and renewa.�not�c�s. <br /> If Borrower obtai.ns any form�f��surar�.ce eoverage, na�otherwise required by Lender, for damag�to, or <br /> destruc��ar�of, the Pr�perty, such policy sha11 in�Iude a stand.axd mor�gage c�:ause a�d sha�I name Lender a� <br /> max-�ga�ee andlor as a:n.addi�ianal�ass payee. <br /> I-n the event of��ss, Borrower sha1�g�ve promp�notice to the insuranc�carr�.er and�ender. Lender may <br /> make pro�f af�oss�.f no�mad�prompt�.y by BQrr��ver. Ur��ess Lender a�.d Barrower o�herw�se agree in <br /> vv�'i��g, any i�surance proceeds, �vhe�her or not the uriderly�g insurance wa�required by Lender, sha�l be <br /> applied to restaration or repair of�.he 1'roperty, �.f�he res�orat�Qn or repa�r i.s economicall.y feasib�e a�.d <br /> Lender`s secur�ty�s not Iessened. Duri-�.g such repair and restara�i.or�per�od, Le�der shall have the right�o <br /> hald such�nsura�.ce proceeds unt��Lender has had an opportu.n�ty to x.x�spect such Pro�er�y to ensure the <br /> �v�rk has been comp�eted to Lender's sati_sf�.c��on, p�ovided�hat such inspec�.on sha.11 be ux�der�aken <br /> promp��y. Lender may d.�sburse praceeds f�r the repa�.rs and res�orat�ox�in a szngle�ayme�xt or i�.a serxes of <br /> progress paymer�ts a��h�w�rk zs complet�d. Ux�.�ess an agreement�s made ix�.writing or Applicable Law <br /> requires interest to be pa�.d on such i-�sura�.ce proeeeds, Lender sha�1 nat be required to pay Bnrrower any <br /> �t�zest�r earx�ulgs on such�roceeds. F ees for public adj us�ers, or other third.par�a:es, retained�by B�rrawer <br /> sha.�not�e paid�ut of the�r�.surance proceeds anc�shall�ie the sole ab��:gation of B��rnwe�. If the restora�aon <br /> ar repair is not ec�x�omical.�y feasib�e or Lender's secur�ty vwauld be Iessened, the�nsuranc�praceeds sha�.l�e <br /> appl�ed�o th�sums secured by th�s Secur��r Instrument, whether or not then due, w��a.�e e�cess, zf a.ny, <br /> paid t�Borrourer. Such�nsuraxlce proceeds sha��be applYed zn�he order providec�far in Sect�.o�2. <br /> If Borrau�er abandons the Property, Lender may��e; negot�ate and set��e a�y ava��.ab�e ix�surance claim arzd <br /> related matters. If Barr�urer does no�respond w�.th�n 3�d.ays ta a notice�rom Lender that the insurance <br /> carrzer has affered to sett�e a cla�.m, then Lender may negot�.ate and sett�e�he c�aim. �`he 3 4-day�eriad will <br /> begin tivhen the nat�ce�.s give�, ��ither event, or if Lender ac�uires the Prop�rty under Sect�.an 22 or <br /> otherwise, Barrower hereby assigns to L.ender(a.�Borr�-vver's rig�its�o any insura�nee proceec�s in an amount <br /> not to exc�ed t�e axaa.ounts ux�.pa�d under�e N���or tl�is Secur�.ty Ins�rumerit, and���any oth�r of <br /> I3�rrov�rerp s r�:g�ts�ot�er�han the right to any�efun.d o�ur�.earned pr�u.ms paz�by�Qrr�wer��rnder a�.�. <br /> insura�c�p���c�es�overing�h.e Propexty, ir�sofax as suc�rights are app�.zcab�e�a th�coverag�fl�the <br /> Property. Lenc�er may use the�r�s�:rance p�oceed.�e��.her to repa�-ar res�Qre the Proper�y a�to�ay anmounts <br /> unpaxd under the Na�e or�his Securi:ty Insiruxnent, v�rhet�ier or not th�n due. <br /> �. ���up�nG]I. Borrower shali accupy, es�abl.�.sh, and use�he Fraperty as Borrvwe�'s principal residence <br /> ��hin��days after the e�ecutxan of thi�Secur�ty In.strunzent and shall continue to occupy the Praperty as <br /> Borrower's pr�nci.pal res�de�.c�for at�.east�n�year after�he dat�af occupancy, un�ess Lenc�er atherw�se <br /> agrees in�vrzting, which consent sha1�not be ur�rea,�onab�y vvzthheld, or unl.ess e�ter�uat�ng ci:rcum��arices <br /> e�ist which are beyond��rrower's contro�. <br /> 7. Pa�eservat�a�, �VI aintenanc� and Pr�te�tion af t�e Proper�y; lnspect��ns. Bor�ovv�ex shall nat des�troy, <br /> d.amage ar impavc-�he Praperty, allow the Pr�perty to deteriora�e or cor�mit wast��n�.e�Property_ �hether <br /> ar nat Borr�wer is�-es�ding in�.he Pra�er�y, �orrower sl�a1�maintair�.�e Prope�ty�order�o pr��rerxt the <br /> Prop�rty frflm deteriorat�rig or decreasixlg in va�.ue due to its condztion. Unless��zs d.eterminec�pursuant t� <br /> Sec�io�.5 that repair or res�orat�on is not econo�.ca�Iy fea�sib�.e, Borrower shall prorriptly repair the Property <br /> if d.amaged��avoid fur�her deterioration or damager If ix�surar�ce or condemna�ian proceeds are pa�d�n <br /> cannect�.on�rith damage to, or the taki�g of, the Property-, �3orrotiver shall.be resporisible for repair�.ng or <br /> restor�.ng�he Property or�y if Lender has released proceeds far such purposes. 7Lender xnay disburse proceec�fs <br /> 24447525 <br /> NEBRASKA-SingEe Famify-Fann+�M aelFreddie M ac 11N1F�F2Al1 [NSTR�M ENT Fvrm 3��8'I I4� <br /> VM P Q VM P6{NE}�1342} <br /> Wc�[t�rs K[Uw er Fnanciai 5ervices Page 7 af'�7 <br />