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��15�1��7
<br /> AII insurance polic�es required by Lend�r an�.renewals of such po�.xc�.es shall be subj ec�to Lender's r�ght to �
<br /> disapprave such palic�.es, shal.�ix�.c�.ude a s�da�d mortga.ge clause, and shall r�ame Lender as mortgagee
<br /> andlar as an addit�anal�ass payee. I�end.er�ha1l�ave t�e r�ght to ho�.d�h.e pol�cies an�renewa�.cex�ifi�ates. If
<br /> Lender require�, Borrower sha��promptl�r g�ve�a JLender aiI rece��ts of�a�d premiums and renewal not�ces.
<br /> If Borrower�btair�s any farm�f i�s�urance coverage; not ath�rv�rise required by Lender, far darnage�o, or
<br /> destruct�on o�, �ie Pro�erty, such pQ�cy sha�l in.clude a stand.axd mox�gage c�ause and shall name Lend�r as
<br /> mar�gagee arxdlor as axi ad�.i:t�flna��ass payee.
<br /> In�he�vent of Ioss, Borrower shall g�ve promp�notice to the imsurance carr�er and Lender. Lerider may
<br /> make pro�f�f Iass if no�made promptly by Borrow�r. Ura.Iess I,ender and Borrower otherwise ag�ee in
<br /> writing, any�nsurance proceeds, whetl�er or nat th�under�y�n�insurance�vvas required by Lender, shall be
<br /> a�plied.�a rest�rat�on or repair af the Property, xf the res�oration or re�air�s economieally feasi��e and
<br /> Le�de�'s sec�.rity�s r�at lessened. Duxi�.g suc�.repaar and restQrat��n pex�.od., Lender sha11 have the right ta
<br /> Jha1d such ins�rar�ce pxoceed.s unt��]Lender ha�had a.n o��ort�ruty to�spect sucJh JPr�perty��ens�re�ie
<br /> work has b�en comple�ed ta Le�der's sat�sfact�.o�, provid.ec�tha�suc�i.�spection shall be urid�extaken
<br /> pr��npt�y. Lenc�er may c�isburse p�oceeds for�h�repa�rs and restaratian�a sing�.e payment or in a s�r�.�s�f
<br /> progress paymer��s as th�wflrk��comple�ed. Un�ess an agreem.ent�s made in vv�r�.�i-�.g Qr App�icable Law
<br /> requires interest ta be pa�d on such�nsurar�ce praceeds, Lender shaJ.1 nat be required to pay Borrower any
<br /> 7.nterest or ea,rn�ngs on such pro�eeds. Fees for public adjuster�, or other thi.rd par��.es, re�a�ned by Borrovv�er
<br /> shall no�be pa�d out of the in�urance prace�ds ax�d sha�I be�he so�e obligat�o�.af Barrov�er. If the restorat�.on
<br /> or repa.�r�s n�t ec�n�mically feasib�e ar Lender's securi.ty would be�essened, the insura�ce�pr�ceeds shall be
<br /> appl�ed to the sum.s secU.red by�his Securxty In.,stru�nent, whether ar not�he�due, w�t]h the e�cess, if a-�y,
<br /> �aid to Bor�-�wer. Such insurance praceeds sha11 be appl:xed in�b.e�r�.er pravided for�.x�.Sec�.on 2.
<br /> If Barrower a�band��zs the Propex-�y, Lend.er�.ay file, r�egotia:.te a�d sett�e ar�y ava.il.a�le��r:s�aalce c�a�ar�d
<br /> r�lated matte�s. I�Borrower does not respond urithi�.��d.ays�o a not�ce from Lenc�e��iat the in:surax�C�
<br /> carri.er has offered to set�Ie a c�.a�.m, t.h.e�:L�x�.der may negotiate and.settle the claim. The 3�Mday period���
<br /> begin when the notice is given. In either event, or if Le�der acquires the Pr�perty u�der Sec�i�n 2�or
<br /> otherwi��, Borrovtrer hereby asszgr�.s�o L�nder[a�Borrower's rights tQ any�.nsurance proceeds in an amo��
<br /> no��o exceec�the amou�ts ux�paid um.der�.b.e Note or this Security Instru�nent, and�b� axxy other of
<br /> Bflrrov�rer's�ights�other thax��he right tfl any refund Qf unearned premium�paid by Borrower�under a�I
<br /> insurance po�zcies covering the Praperty, i.r�ofar as such r�ght�are a�p�.zcable to�he coverage of the
<br /> 1'roperty. Lender may us��1i��asurar�ce p�oc�eds e�t�er���epair or res�ore��xe JPrope�y or��pay a���ts
<br /> unpa�d u�nde��a�No�e or this Securi.ty In.s�er�.�, �xrh.ether�r�.ot�he�.d.ue.
<br /> C. ��cu�Oa��y. Borrower�hall o��upy, establis�, �nd us��he Property as Bor�o�vex-'s pr�.�:ci.p�.l.residence
<br /> tivith_ua.6�da�s a�ter t�e execution af�s Sec�ity In�nent and sha1l con�riue ta�ccu�y th�P�o�aer�y-as
<br /> Borrower`s pr�nc�pal.resxdenee for a�l�ast or�e year after�e date of occupaxxcy, �.nl.�ss]Len�er flth�rwi�e
<br /> agrees in�rriting, which eonsent shall�.ot be unrea.�onably withheld, or un�ess extenuating c�rcum.stances
<br /> exist which�re beyond B�rrower's contro�.
<br /> 7. Preser►ratiom, iUI a�nt�nan�� a�d Pra�ection of the Proper�y; ln��ections. Borrower shal�not dest�-oy,
<br /> damage or irnpair�he Property, al�ovr the Proper�y�a dete��rate or commit w�aste o�the Property. �het�ier
<br /> or no�Borrower is resicling in the Praperty, BQrrower sha�:�.�:a.ain.tain�.e Property in arder t�pr�v�nt th�
<br /> Proper�y from deter�orating or decrea�ixl.g ir�.value due to its co�dztian. LT�ess it is determi�ed purs�a.nt to
<br /> Se�����:S�.hat repa�r o�restorat��n�s�:at��o�.�xr�.ca1���eas��I.e, ��rr�urer sha�l pr�mptly r�air th.e P�-operty
<br /> zf damaged.�o avoic�.f�r�her de����:oratzan o�c�.amage. If ins�rance or�ondernr�ation praceeds a�°e�a�d in
<br /> corir�ec�on v�ith da.mage ta, or�1ie�ak�r�g of, t�e Praperty, Borrawer sha��be respor�ible�o�repa��ng or
<br /> restoring�e Propez�.y ox�Iy zf Lender has released�roceeds for such purposes. I,�x�der may disburse proceeds
<br /> ��aa7�z�
<br /> NEBRASKA-Sir�gle�amily-�annie M ae�F�eddie Nf ac�N[FQRM lNSTRUM ENT Form 3Q28�!D�
<br /> VIUI P Q VM P6�NE}��3�2}
<br /> Wo[ters Kf�awer FinanGiaf S�rviGes Page 7 af 17
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