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�� ��15�1574
<br /> A1� insurance palic�es requ�red by L�nder and ren�wals of such p�li�ies shall�e subject ta L�nder's righ�to
<br /> d�sapprave such po�ic�es, sha�� includ�a s�andard mortgage c�ause, arid sha11 name Lender as mor�gagee
<br /> andl�r as an additional�oss payee. L..�nder sha11 have the righ��o hold the pol�cies and r�newal c�rtificates. If
<br /> Lender requires, B�rrov�rer sha�l pr�mp�ly gi�re to Lender a�� rece�pts af pa�d premiums and renewal no��ces.
<br /> �f Borr�vver ohtains any form af insurance coverag�, n�t ather�ise required by L.�nder, for damage to, or
<br /> des�ruct�on of, the Proper�y, suc�po�icy sha�l include a s�andard mor�gage clause and sha��name Lender as
<br /> �n�rtgagee andlor as an addi�iona� �oss pa�ee.
<br /> �n�he e�ent of loss, Borrower shall g��e prampt not�ce�fl�he insurance carri�r and Lender. Lend�r ma�
<br /> make proof of��ss if n��made promptly by Borrow�r. Ux��ess L�nder and Borrower otherwise agree�n
<br /> wri�ing, any �nsurance pro�eeds, whether or not the under�ying �nsurance was required by Lender, s�.a�i be
<br /> appiied to r�st�ration.or repair of�he Proper��, if the res�ora�io�or repair is e�onomica��y feasi�I�and
<br /> Lender's se�urity �s no���sser�ed. Dur�ng such repair and r�s�.orat�on perioci, Lender shall hav�the right tfl
<br /> ha��. such insurance proceeds unt�1 I,�nder has had an oppor�uni�y to �nspect such Prop�rty ta ensure th�
<br /> work has been completed to Lender's satisfact�on, provided�hat such�nspection sha��be under�aken
<br /> promp�ly. Lender may d�sburse proce�ds for�he repa�rs and res�oration in a s�ng�e paym�nt or in a�eries of
<br /> pragress payments as the w�rk i�cvmp�eted. Ilnless a�agreement is made�n writing or Applicab�e Law
<br /> requires interes��o be pa�d on such insurance�roc�eds, L,�nder sha�� not be re�uired�o pay Borrow�r any
<br /> �nterest or earnings on suc�proceeds. Fees for publ�c ad�us�ers, or��her�hird par��es, reta�ned by B�rrower
<br /> sha�l na�be pa�d out of the in�uran�e proceeds and sha�I be��he sole ab��ga�ion of Borrower. If�.he res�ora��on
<br /> or r�pair is nat econom�cally feasib�e or Lender's s�curity w�u�d be�essened, the insuran�e pro�eeds sha��be
<br /> applied�o the sum.s secured by this Security �nstrument, whe�her or no�then due, w�th�he excess, if any,
<br /> pa�d�o Borrov�er. Such insurance pr�ce�ds s�a��be applied �n the arder pro�ided for in Sectian�.
<br /> If Barrower a�and�ns the Proper��, L.�nder may �Ie, nego�iate and se�tle any a�ailable insuranc�ciaim and
<br /> related ma��ers. �f B�rr�wer d�es n��respand w��hin 3�da�s to a n�t�ce from Lender that�he�nsurance
<br /> carrier�.as off�red�o set�Ie a c�aim., �hen Lender may neg�tiat�and settle the ciairrz. The 34-day period w��l
<br /> begin when the notice is gi��n. �n e��her e�vent, �r�f I.,�nder acquir�s the Prop�r�y und�r Sec�ion 22 or
<br /> otherwise, Borrower hereby assigns to Lender�a} B�rrawer's rights ta any insuran�e proceeds �n an amount
<br /> n�t to exceed�he am.ounts unpa�d under the N��e or th�s Securi�y Ins�rument, and �b} any other of
<br /> Borrower's rights �other�han the right�a any r�fund af unear�.ed prem�ums paid by Borrower}under a11
<br /> insurar�ce po�ic�es cover�ng�he Proper�y, �nsafar as such rights are app�icab�e t�t��co�rerage of�he
<br /> Proper�y. L,ender may u�e�he insuranc�praceeds e��her ta repair or restar�t�.e Prop�r�y or to pay amoun�s
<br /> unpaid under the Note or�his Security �ns�rument, whether or no�then due.
<br /> �. C]ecupancy. Borr�wer shali ac�upy, esta�iish, and use�he Proper�y as Borrov�rer's principal residence
<br /> with��a d�days af�er�he execution�f�h�s Secur��y �nstrument and shall c�n�inue to ac�upy�he Praper�y as
<br /> Barrower'�princ�pal residence for at Ieas��ne�rear after the date af oc�upancy, unless Ilender otherv�ise
<br /> agrees in writing, which consent sha�l not be unreasonably v�ithhe�d, or un�ess extenuating cir�ums�an�es
<br /> �x�s�which are be�ond Borro�ver's cvntrol.
<br /> 7. Preser�at��n, N[a�ntenance and Pr�tect�on of the Property; �nspectians. Borr�wer sha11 no�destroy,
<br /> danZage or�rnpair the Proper�y, allow the Property��det�riara�e ar commit waste on�he Proper��. 'L�Vhether
<br /> or no� Barrower�s residing �n�he Proper�y, Borrower shal�mainta�n the Property �n order to pre�en�the
<br /> Property from deteri�rating or decreasxng in value due�� ��s condi�ion. Un�ess i� �s determ�ned pursuan��fl
<br /> Secti�n 5 �ha�repa�r or restoration i�not econ�mica��y feas����, Barrower s�a�l prompt�y repair the Propert�
<br /> if damaged to a�oxd fur�her d�teri�ra�ion or damage. �f insurance Qr condemnat�on proceeds are pa�d in
<br /> conne�ti�n�vith damage�o, or�he taking of, �he Praper�y s Borrow�r shall be responsible for repa�r�ng or
<br /> res�oring the Proper�y only if I,ender has rel�ased proce�ds far such purposes, Lender may d�sburse pr�ceeds
<br /> NEBRASKA-Sing[e�amily-Fannie Mael�reddie Mac UN1FaRM lNSTRUMENT Farm 3�28�1�1
<br /> VMP Q VMPfi�NEf�13�2y
<br /> Wotcers Kluw�r�inar�Gial Ser�ic�s Page 7 af 17
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