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��14�75�3
<br /> A�i �nsuran�e p�licies required�y Lender and renewai�of such policies shall �e su��ect�� I.end�r's righ�to
<br /> disapprove such policies, sha�I inc�ud�a standard mortgage clause, and shall name Lender as martga��e
<br /> andlor as ar�additional �oss payee. Lender shal�have the right�a hold th�pol�c�es and renewal cert�fi�ates. If
<br /> Lender requires, Borrower sha�l promp�Iy gi�re to Lender ali rece�p�s af paid premiums and renevval notices.
<br /> If Borrower obtains any form�f insurance c��era�e, n��otherul�s�requ�red by L,ender, for damage�o, nr
<br /> destruct�on�f, the Prapert�, su�h po�ic� sha�� ��clude a standard m�r�gage clause and sha�l name I�ender as
<br /> mor�gagee andlar as an add�t�onal loss pa�ee.
<br /> �n�he event af lass, Borrower shal�give pr�mpt not�c�to�he insuranc�carr�er and Lender. Lender ma�r
<br /> make proof of loss if nat made prornptly by Borrov�rer, Un�ess L,�nder and Borrourer otherwise agre�in
<br /> v�r�t�n�, a�y insurance praceeds, �he�her or not the underlying insurance was required hy Lender, shal�be
<br /> applied to restorat�on or repazr of the Praper�y, if�he res�oration�r repa�r is economi�ally feas�ble and
<br /> Lender's security is no��essened. During such repair and restora��on period, Lender sha11 have the right to
<br /> hoid such insuran�e proc�eds un�il Lender�as had an�ppor�uni�y ta �nsp�c�such Froper��to ensure the
<br /> w�rk has been completed�� Lender's sa�isfa���on, proUided that such insp�ction sha��be under�aken
<br /> prompt�y. Lender ma�disburse proceeds for�he repairs and res�ora�ion�n a s�ngie pay�nent or�n a ser�es of
<br /> progress paymenfis as�he work�s compie�ed. Unless an agreemen�is made in�rri�ing or Appl�ca�ble Lav�
<br /> requ�res �nterest to��paid on such insuranc�proceeds, Lender sha�l no�be required to pay Barrower any
<br /> in�erest or earn�ngs on such proceeds. Fees far public adjusters, or o�her�hird parties, re�a�ned by Borrower
<br /> shall no�be paid ou�af the zrisurance praeeeds and sha��be the so��obliga�ion of Borrow�r. �f�.he res�oration
<br /> or repair is not economically feasible or Lender's securi�y v�ould b�less�ned, �he insurance proceeds shall be
<br /> appl�ed to�he sums s�cured by�his Se�uri�y �nstrumen�, whe�h�r�r no��hen due, v��th�he e�cess, if any,
<br /> paid t�Barrower, Such �nsuranc�proce�ds sha11 be ap���ed �n the ord�r pro�ided for in S�cti�n 2.
<br /> �f Borrovver abandons the Propert�, Lerider may �Ie, neg�tia�e and s�tt��any a�a�lable insurance claim and
<br /> related mat�ers. If Borrov�rer does no�respand w�thin 30 days to a notic�frarn.Lender that�he insurance
<br /> carrier has offered to settle a claim, �hen Lender ma�negotia�e and se�t�e the cla��n. The 3�-day period will
<br /> begin�vhen the na�ice is given. �n ei�her event, or if Lender acqu�res �he Property under Sect�on��or
<br /> otherw�se, Borrower hereby assigns to Lender�a} Borrower's rights �o an��nsurance pro��eds �n an amoun�
<br /> no�to exceed�h�amounts unpaxd under the No�e or this Se�urity Ynstrum�ent, a�d��b} an��ther of
<br /> Borrower's righ�s �ather than the right�o an�refund of unearned premiums paid by Barrawer�under a11
<br /> insurance pa��cies cov�r�ng�he Proper�y, �nsofar as su�h r�ghts are appl�cable�o the coverage of���
<br /> Pr�perty. Lender nzay use��.�insurance proc�e�s either to repa�r tir restare the Praper�y or to pay amounts
<br /> unpaid under�he Note or this Secur�ty �nstrumen�, �vheth�r�r no��.en due.
<br /> C. []ecupancy. Barro�ver sha�l occupy, esta�lish, and use�he Property as Borrower's princ�pal res�dence
<br /> wxthin d�days after�he execu�i�n of this Securi�y �nstrument and sha�l c�ntinue�o occupy�he Praper�� as
<br /> Borr�wer's principal re�idence far at leas�one year af�er�he da�e of occupancy, unless L.ender otherwise
<br /> agrees in wri�ing, v�hich consent shall no�be unreasona��y vwithhe�d, or un��ss extenuat�ng circum��ances
<br /> e�ist which are�eyond B�rr�vver's control.
<br /> 7. Preser�ation, Ma�ntenar�ce and Protection of the Property; lnspectians. Borrower shall no�destroy,
<br /> damage ar impair�he Propert�r, allow the Property t�deteriorate or c��mmat was�e on the Pr�perty. Vl�hether
<br /> nr not B�rrow�r is r�siding in the Proper��, Borrower shall mainta�n�he Property in order to preven��he
<br /> Property from det�r��rating�r de�reasing in valu�du�to i��condition. Unless i�is de��rm.ined pursuant to
<br /> Section 5 that repair or r�stora���n�s not�conom�cai�y feasible, Borrower sha�l promp���repair�he Prope�ty
<br /> if damaged t� avaid fur�her de�eriora�ion ar damag�. If insurance or condemna�ion proceeds are paid in
<br /> conne�t�on w�th damag��o, or th��aking of, the Proper�y, Bnrrawer�hall be resp�nsi��e for repa�r�ng or
<br /> restor�ng the Praper�y on�y �f Lend�r has released pr�ceeds for such purp�ses. Lender may disburse proceeds
<br /> N�BRASKA-5ir�gle�amily-Fannie MaelFreddie Mac UNIFaRM INSTftl3MENT �4rm 3�Z8 11�1
<br /> VMP[� VMPfitN�}{��p�}
<br /> WQlters Kluwer Financial Ser�ices Page 7 of 17
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