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��15��549 <br /> A1I�.nsurance palicies requ�red by Lender and rer�e�a�s of such pa�:ci�s shaTt be subj ect to L,ender's right ta <br /> d�sa:p�r�ve su��paXzc�es, sha��ir�ciude a�-�andard mortgage�Iause, and shall name�.e�ader as mor�gagee <br /> andlor as an additional I.ass payee. Lender s1�a�I have�ie right ta ho�d�he policies and r�newal certif c�.tes. If <br /> Lender requ.�ires, Borrovtrer shall.prompt�y give to Lender aII reee�pts of paYd prerruums and renewal r�otzce�. <br /> If Borrower obtairis any f�rxi�.of insurance coverage� not othertiv�se required by L.ender, f�r damage to, ar . <br /> destruct�on of, the Praperty, such policy�ha�.�i.nclude a stan.dard m�rtgage clause and sha.l�name Lende�-as <br /> mor�gagee andlor as axa.add��ion.al loss payee. <br /> In the event of Ioss, Barrower sha�l give prompt not�ce�a the ir�surance carr�er and Lender. Lender may <br /> make proof of loss�tf not made promptXy by Borrower. �Tnless Lender and Borrower atherwise agree in: <br /> writir�.g, any insurance proceeds, whether or not th�underly�.ng insurance was r�quired by Lender, sha�l he <br /> applied to res�orat�on or repaix-of the Property, �f th�restarat%on or repa�-zs econorr�c�l�y feaszbie and <br /> Lender's security zs not�.esseried. I]ur�g such re�aa.ir and restarat�Qn perxod, Lender shall have the x-xght�o <br /> hold su�h insurar�.ce praceeds uxz�i�Le�der ha:s had an opportunity ta inspect such JProper�y�o ensure the <br /> work has been comp�e�ed t�Lender's sat��fac�ian, prov�ded that such�spec��on shall b�und�x-�aken <br /> prorrmptl.y. Lender rnay disburse proeeeds fQr�he repax.r�and re�tora��.fln in a s�ngle paym�nt or i_n a seri_es of <br /> progres�payments as the work zs comp�.eted. Un.�.ess an agreement�s n�.ad�i.n wr��ng or 1��p�.i.cable La�v <br /> r�quires xnterest�o be paid on such insurance procee�Is, Lex�der sha11 not be requ�red�o�ay Borrower any <br /> �nt�res�or�arning�o�such pr�ceeds. Fees far pub�ic adjusters, or other third par�ies, reta�ned by Borrfl�ver <br /> sha��no���paid out of the ir�sura.nce pzoceeds and shal�be the�ole obligatian of Borrawer. Yf the restoratz�n <br /> or re�pa�r�s�o�economical�y fea�ible�r Iaender's secu�-ity wauld be�essened, -�h.e�surara.ce proceed:�sha�.�be <br /> appXned to�a.e suntis secur�d by��s Securi�y Instx�.ment, -�r�.ether or no��hen d��x�, �i��e excess, if any, <br /> paxd to Borrowex. Such i-n.surance praceeds�ha11�be ap�lied�n the order provic�ed fQr�in Sect�on 2. <br /> If�orrativer abar�dans th.�Property, Lender may f�e, negati:ate and settle arxy availab�.e�.nsurance c�.ai�n a,�d <br /> rel.ated matter�. If Barrower daes not respo�d yv�tbin 3 Q d:a.y�to a not�ce from Lender that the insu�ance <br /> carrzer has�ffered�o set�l�a c�a�n, then Le�.der ma��egotiate and set�Ie the c�a�m. The 3�-day perxod vvill <br /> begin when�he noti.ce is given. In ei�her evex��, or if Lez��.er acqu�res the Property u�der Section Z2 or <br /> o�herwzse, Barrower hereby assigns to Lender�a}I3orrower's righ�s to any�:nsurance proc�eds in an amount <br /> �.ot to e�ceed the amQun�s ux�pa:id under�he N�te or this Security Instrumient; arid(�b}an.y�ther�f <br /> �orraw�r's ri�its�other�:han the right tQ an�r refu�.d�f unearr�ed premiu�s paic�by B�rrower�under al.� <br /> ins�rance polxcxe�cove�ing the Pro�erty; �safar as s�ch rig�ts are app�icable�o�he c�v�rage�f�a:� <br /> Praper�. Ilender xnay use�he insurar�ce proceec�s��ther�Q repai�-o�restore the Pr��e�o�to�ay amoun:�s <br /> ur�.paid un�er the I�ate ar�his Securxty Instru�-nent, �vh.e�h.er or r�ot�.hen due. <br /> �. ���u pa n Cy, liorrawer sh.all oceupy; establish, arid u:�e the Property as Barrow�r's pr�.cipal res�.dence <br /> w�thin 6�days a:f�er�he execut�on of�his Security Ir.�s�i�ent and shall�on�inue to occupy the Proper�y as <br /> �3orra-w�er's prineipal res�dence far at�east one year after the date of occupanc�, un�ess Lencier ot�h.erwise <br /> agrees in.v�ritirng, wh�.ch con.se�t shal�r�at b�ur�reasanab�.y withhe�d, or ux�less extenuating circums�ances <br /> ex�st which are beyond Borrow�r's can�:ral. <br /> �. Preser�a��on, N�aintenance and Pro�ect�an of the 1Pr�peaty; rnspecti��s. JBorr�wer sha.11 not des�roy, <br /> da.mage ar irn.pair�ie Prope�ty, allow�he 1'ropez-�y ta c�eterxorate�r carnm�t was�e o�.�rie Pra�er�y. �TlThe�.er <br /> or no��orr�wer is res�ding i�n tl�e Property, Borrower sha1��ritain�he]Praperty in o�der��pr�v�nt t�e <br /> Proper�y from d��er��rating or c�ecrea.��ng in value due to��s concii.��o�. Unl.ess it�s c�etermi�e�.pursua�at�� <br /> Sectian S�hat repair�r restora�ron zs not ecQnomically f�asible, 13�rrourer shall�roxnptly�e�air�he Proper�y <br /> if damag�d.ta avoi�fur�her det�riorat�on or damage. If�nsurar�ce or car�demnat�on proceeds are paid.in <br /> cannectio�wi�th damage�o, or the�aki�g af, the Fraperty, Borrower sha1l be respon.si.b�e for r�pairi.�g�r <br /> restoring the Proper�y on�y�.f Ler�der has released prQceeds for such purpases. Lend�r may disb�arse praceeds <br /> 24��7772 <br /> NEBRASKA�ingle Family-Fannie 111laetFreddie M ac L1N[�4RM 1N5TRUM ENT Form 3Q28 1Id'i <br /> VM P Q VM P�{NE}�'[3Q2} <br /> 111lolters Kl�w er Fnancial 5ervices Page 7 af 1� <br />