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��15�11�� <br /> AlI i�.surance po�icies required by Lender ax�.d renewals of such poi�cies shall be subj ect�o Lender's right�o <br /> disapprove such polic�es, shall�nclude a standard rnortgage G�.aus�, ar�d sha�.�.name Le�der as mor�gagee <br /> anc�Ior as an addit�ona���ss payee. L�.der sha�1 have the right to ho1_d the pol�cies and re��wa�cer�zfzcates. If <br /> Lender requires, BQrrower shall promptly give to Ler�der all re���.p�s flf�a�c�premiums and rex��wal not�ces.. <br /> If Borrower abtai.ns any farm of�n.surance caverage, not otherw�.se requ�rec�by L��der, far damage to, or <br /> des�cruct�.o�flf, �he Froperty, such�olxcy sh.a1�.�cluc�e a standard�nortgage c�.at�.se and shall.naxn��ender as <br /> mor�gagee andlor as ax�.ad.ditional Ioss payee. <br /> Yrn the event af 1oss, Borro-wer shall:give prompt not�.ce tfl�he�ura�..c�carri�r and L.ende�. ]Lender�.�.y <br /> mal�e praaf of loss if not made promptiy by�3orr�w�r. Uxxless Lender a:ra.d Barrower o�heruTise�.g�ee i.r� <br /> writ�ng, any insuranee proceeds, whether ar not th.e ux�der�ying insurance was required b�r]Lender, sha�I be <br /> appli�d t�rest�ration or repair of�he Property, if�he restora.�io�.or repai�r zs econamically feasible a�.d <br /> Lender`s security zs n�t�essen��.. Durir�g such repa:ir an.d rest�ration peri�d., Ler�der shall have�he r�ght t� <br /> hold such ir�surance prace�d:s untx�Lender ha:s had arz.app�rtunity to in�sp�ct such 1'ro�er�y to ensure�he <br /> work has been comp�.eted t�Lender's satisfact�on, �rov�ded that such��.spectian sha1�be�ar�.dertake� <br /> �p�ompt�.y Lender may disburse proceeds �or��xe repa�rs ar�cl restorati.on�n a s�g�e p�.y.nra:ent or i�a ser�es of <br /> progress pa�nen.�s as�h.e work��comp�eted.. �Jnl�s�ax�a�re�me�t�s�.�.de���vv�i�i�g or Appli.�ab�e Law <br /> requ�r���ierest ta be pazd or�.sue�i-�sura�ce proceeds, Lex�der sha1l�ot�e�-�qui�ed to pay JBorr�wer�y <br /> �nnte�est or earnir�gs or�such�aroceeds. Fees for pub��c adj�.sters, ��-�ther��rd.p���s, �eta�ed by Bo�-ower <br /> s�ia1l no�be�aid�ut of�e�ura��e pr�ceeds and sha11 be�1ie sole obl�ga�ion of Borrower. Tf�he res�coration <br /> ar repai.r is�o�ecanomically feaszb�.e ar Lender's secur�ty wou�.d be lesse�ed, the ir�.,surance proceeds sha.11 be <br /> applied�o�.he sums secured by this Secu��.ty Instru�ent, whether or not th�n due; ��h�he excess, �f any, <br /> pa�d to�3orro�uer. Such insurar�.ce proceeds shall be appl.zed ira.�he order prflva.ded for in Section�. <br /> If Borrower abandons the Praperty, Lender may f��e, negoti.ate and set��e any avai�.ab�.e iri:surance cla�m and <br /> related mat�ers. If Bor-rawer daes r�ot respand.within 3�days�o a notice from Lender�h.at the insurance <br /> carrier has offe�-ed�o set�le a clai-m, �hen 3Lend��-ma�negot�a��anc�settle�.he cla.i�. Th�3[�-da�per��d wilX <br /> begi��hen ihe r�ot�ce�s give�. Ir��i�h�r event, ��-if Lend.ex acquires th.�Property u�de�Sect��n 2�or <br /> �th.erwzs�, �3orr��ver hereby assigns to I�e��er�a��3��rovcrerj s�g�its ta any insurance�roc�eds�xl ax�amo�t <br /> r�ot��exce�d the amo-�ts u�pa�d u�c��r�he Nat��r�his Sec�arity Ins�rument, and�b� any oth.er af <br /> Borrav�er`�r�.g�i�s�ot�er thar��he right ta any�efund af ux�:earned pren�urns pa�d by B�rrower�und.er a1� <br /> �nsuran�e po�.zcxes covering�h.e Property, insofar as such r�.ghts are applicab�e��th.e caverage of the <br /> Pr�perty. Lender may use the insuran.ce�roceeds either ta repair or re�ta�e th�Pr�perty flr�a pay amour�ts <br /> u�..paid u�zder the Note ar this Secur�ty Instr�.-�ment, whe�h�r or not�hen due. <br /> �. �Ccupaney. Borro�er sha1l occupyz estab].zs�:, arid�.se the Prop�rty as Forrow�r's pr�nczpal res�.dence <br /> �thi�.6�c�ays after the e�eGut�on of th�s Seca�-��r I�s�-u.me�a.�and sha1�cor�tix�.ue�a accupy the I�rop�r�y a� <br /> �3orraurer's pr�cipal resider�c�f�r at Ieast o�.e y�ar a��r the d.ate of occupan.cy, �x�less�.e�c��r��.i��ise <br /> a�rees in wx�ting3 �rhich�o�sent shall nat��u�r�aso�ab��withhe�d, or unl.es�extenu�.t�ng c�cuamsta�n.ces <br /> ex�st whzch are beyor�d Bor�ower's co�.tro�. <br /> �A Pr�se�r►�a�i�n� 1�[a�ntenan�e and �rot��tion vf th� Prap�r�y� Cnsp�ctians. B�r�-awer shall not c�e�tr�y; <br /> damage or impair the Property, allou��he Proper�y t�detex-:�orate or co�t waste on.�he�raperty. �V'h��h.er <br /> �r n�t�orrQwer�.s re�zdin:g ix�.the Property, �Borrower shall ma�tain�ie Prop�rty i�order to preverit the <br /> Prop�rty f�om deteriorat�ng or decreasi-�g in val.ue due to its condit�ori. Unless�it�s determined pursua�.��o <br /> Sectio�S that repa�-or resto�ation is no�eco�omically feaszble, Borrower sha:�I promptl.y repa:�r the Proper�y <br /> if damaged to avoid fur�her deter�oration or dam�.ge. If i:xa:surax�.ce or�ondemnat�or�pro�eed.s are pa�d�n <br /> connec�ia�wi�h c�amage ta, or�ie tak�g of, �he Praperty, Boa-rawer shall b�responsi:�b�.e far��pa�ring�r <br /> restoring#.he�'ro�e�ty on�y if Lende�has re�ea.se�.px�ce�ds�or suc�i p�rposes, Lender may c�isburse proceed� <br /> �4�47896 <br /> NEBRASKA-Sir�gle Family-�annie N[aelFreddie i�ac�NfFQRM 1N5TR�N!E1VT Farm 30�8 1 T4� <br /> VM P p Vllli P�i�NE}(�3�2] <br /> Vllalters Kiraw�r Fnanciaf Ser�rices Page 7❑f�7 <br />