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��15�1154
<br /> A�l �nsurance p��icies required by Lender and renev�als of such po�ic��s shall b�subjec�to Lender's right��
<br /> dis�ppro�e such policies, shai� �nclude a s�andard mor�gage clause, and sha11 name Lender as mor�gag��
<br /> andlnr as an addi�iona� iass payee. Lender sha�I ha�e the right to hald the policies and renewal cer�ifcates. �f
<br /> L.end�r r�qu�res, Barrower sha�l promp���gi�e�o Lender all receipts of paid premiums and renewal notices.
<br /> If Borrov�er abtains any form af�nsurance cov�rage, not o�herw�se requ�red�b� L.ender, for damage t�, or
<br /> destru��ion�f, the Praper�y, such pol�cy sha�� include a standard mor�gage c�ause and shaii name Lender as
<br /> rnor�ga�ee andlor as an add��ianal loss paye�.
<br /> In�he even��f Ioss, Barrawer shali give prompt not�ce to the insurance�arrier and T.�ender. Lender may
<br /> make proof o�`�oss if n��made promptl�by Borrower. Un�ess Lend�r and Borrovver otherw�se agree in
<br /> wr��zng, any insurance proceeds, �vhether or no�the underlying insurance was required�y Lender, sha11��
<br /> appl�ed��restoration or repair of the Property, �f the restoration or repair is economica��y feasible and
<br /> L�nder's security is�a��ess��.ed. During su�h repazr and res�ora�ion period, Lender shal�ha��the r�ght to
<br /> ha�d such insurance proceeds untii Lender has had an oppar�uni�y t� inspe��such Proper�y to ensure�he
<br /> work has been conap�eted tfl Lender's sa�isfaction, pro�ided�.at such �nspection�hall be undert�ken
<br /> promp��y. Lender may disburse proceeds for the repairs and restoratian in a single payment or�n a series�f
<br /> progress pa�ments as th�work�s compl��ed. Unl�ss an agre�ment is made in v�rr���ng or Appl��a��e Lav�r
<br /> requ�res interest to�e paid on such�nsurance proceeds, Lender shali not be required�o pay Borrow�r an�
<br /> �n�erest or earnin�s on such proceeds. F��s for publi� adjusters, �r ather�h�rd par�ies, retained b� Borrov�er
<br /> shall not be paid au�of�he�nsurance pr��eeds and sha��be the sa�e o�iiga��on af Barr�wer. �f�he res�ara��an
<br /> or repair is nat ecanomically feasible or Lender's secur�ty w�u1d b�lessened, the insurance praceeds sha11 b�
<br /> appl�ed�o�he sums se�ured by this S�curi�y Ins�rument, whether or not then due, wi�h�h�excess, �f any,
<br /> pa�d�o Borrov�rer, Such insuranc�proceeds shall be applied�n rhe order pro�ided for in S�ct�on�.
<br /> �f Borr�wer a�andons�he Proper�y, I,�nder may ��e, n�gotiate and s��tie an� avai�a�le insurance cia�m and
<br /> reiated mat�ers. If Borro�er does n�t respond w�thin 3D da�s to a n��ice from Lend�r that�he xnsuran�e
<br /> carri�r has offered to se��le a c�arm, then Lender may negotiate and set�le th�c�aim. The 3Q-day per�od wi��
<br /> begin when the n�t�ce is gi�en. In ei�her e�en�, or if Lend�r acqu�res�he Property under Section 2�or
<br /> ���.erwi�e, Barrower herehy assigns �a Lender�a} Borrower's righ�s�o an�r insurance proceeds �n an amount
<br /> no��o exc�ed the amounts unpa�d under�he I�o�e ar this S�curit� Ins�ru�n.�n�, and �b}any other of
<br /> Borrower's rights �o�her�han the righ�to an�refund af unearned premiums paid by Borrower� under ali
<br /> insurance poiic�es covering the Proper�y, insofar as suc�r�gh�s are appli�able to the co�rerag�of�he
<br /> Prop�rty. Lender ma�use the�nsurance proceeds e�ther to repair or res�ore the Proper�y or t�pa�r amaunts
<br /> unpaid under the N��e or th�s Security�ns�rument, w�e�her ar nat�hen due.
<br /> �, C]ccupancy, Borrower shall occupy, esta��ish, and use�he Property as Borrov�r�r's principa�residence
<br /> wi�hin 64 days after�he execution of this Se�urity�nstrumen� and shall continue�o occup�r the Prap�r�y as
<br /> Barrawer's principa� res�dence far a�least one year after the date of occupancy, un�ess Lender�ther�r�s�
<br /> agrees in wri�ing, wh�ch cons�n�sha11 not b�unreasonably withheid, or unless ex�enuat�ng circumstances
<br /> ex�st which ar�beyond B�rrower's contro�.
<br /> 7. Preser�ation, Maintenance and Pr�te�tion of the Prnperty; �ns�ecti�ns, Barrower shall no�d�s�ray,
<br /> damage or impair the Proper��r, a��ow�he Proper�y ta de�eriora�e or�ommit vvaste on the Pr�perty. Whe�her
<br /> or not Borrawer is res�ding in�he Property, Borrower sha�1 main�ain th�Proper�� �n order to pre�en�t�e
<br /> Prope�y frorn d�ter�orating�r de�reasing in�aiue due ta its condi�ion. Unless ���s deternuned pursuant to
<br /> S�ct�on 5 �ha�repair or restora�ion �s not ecar��micaiiy feasib��, Barrow�r shall pramptl� repa�r�he Property
<br /> if damaged to avo�d fur�her de�eriara�ian or damage. �f insuran�e or condemna��an proce�ds are pa�d �n
<br /> c�nne��ion vvith damage ta, or the�aking of, the Pr�per�y, Borrower shall be responsib��for re�airing�r
<br /> res�nring the Prop�r�y�nly if Lender has released proceeds for such purposes. Lender ma�r d�sburse proceeds
<br /> N�BRASKA-Singt�Famiiy-Fanr�ie MaelFreddie Ma�UNiF�RM�NSTRUM�NT Form 3�28 11�i
<br /> VMP� VMPfi(N�f(130�}
<br /> Walters Kluwer Financia!5ervices Page 7 of i 7
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