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��15�1��5 <br /> Al� �nsuran��pa�icies requ�re�.by Lender and renewals�f such policies shall be subje��to Lender's rxght to <br /> disapprove such p��iC��s, shall inc�ude a s�andard mor�gage clau�e, and shall nam�Lender as mar�gagec <br /> andlor as an add�t�ona� �oss payee. Lender shall have the righ��o hold the po��cies and renev�ral c�r�i�ca��s. �f <br /> Lender requires, Borrower sha�l pramp�iy give to Lender a�� recexp�s of paid prem�ums and r�newa�no�ices. <br /> If Borrower ob�a�n� an� fornl of insurar�ce cov�rage, nat oth�rw�se r�quired by Lender, for damage�o, or <br /> destruct�Qn of, the Pr�per��r, �uch pol�cy sha11 inc�ud�a standard mor�gage claus�and sha�l name Lender a� <br /> m�r�gagee andlor as an addi�i�nal�oss pa�ee. <br /> �n�he ev�nt of loss, Borravver sha.�.� g��e pramp�no�.�ce�o�h�insurance carr�er a�d Le�der. Lender rraay <br /> make praof of�oss if not mad�promptly b�r BQrr�wer. Un�ess Lender and Borrower otherwise agree in <br /> v�r�ting y any insuranc�praceeds, wh��her�r not the under�y�ng insurance v�as requ�red by Lend�r, sha��be <br /> appli�d to r�s�oratian ar repa�r af the Prop�r�y, �f th�r�s�oration or repair�s ecanomica�ly fea�ible and <br /> Lender's sec�urit�is not I�ssened. Dur�ng such repair and r�stora��an period, L.�nder sha�l h.ave�he r�g�.t�o <br /> hald such insurance proceeds un��i Lender has had an oppor�uni�y�o xnspect such Praperty�o ensure�Iie <br /> wark has been cornpleted to I,ender's sa�.isfac���n, pro��ded that such inspe�t��n sha�l be under�aken <br /> prQrnptl�. Lender may disburse praceeds for�he repairs and re��ara�ion in a s�ng�e payment or in a s�r��s of <br /> progress payments as the v��rk�s completed. Unless an agreemen��s made in wri�ing or App�icab���.�aw <br /> r�quires�nterest�o be pa�d�n such insurance proceeds, Lender shal�not be required to pay Borrnwer any <br /> �nterest or earn�ngs on su�h proceeds. F�es for pub�i�ad�ust�rs, or o�her th�rd par��es, refa�ned by Sorrower <br /> sha�I noti be paid out of the insurance proceeds and sha�l be the sole obligat�on af Borrower. If�he restvra�ion <br /> or repair�s not��onomicaliy feas���e or Lend�r's s��uri��r would be lessened, �h�insurar�ce pro�eeds s�aal�be <br /> applied to the sums secured by��is Secur�ty Instrumen�, whether or n��then due, with��e excess, �f any, <br /> paid�o Borrower. Such �nsurance proceeds sha�l be app�zed in�he o�der pra�xded f�r in Sectian 2. <br /> �f Barrower a�andons th�Proper�y, Lender may�Ie, negat�a�e and settle any a�a�lable�nsurance claim and <br /> related rnatters. �f Borrawer daes not respond within 3�days to a no�ic�from Lender�ha�the insuranc� <br /> carrier has offered to sett�e a c�aim, th�n L�nder may nego�xate and se�t�e�he c�a�m. The 3�-day period wi�l <br /> begin when the n�t�ce is gi�en. �n either even�, or if L,ender��qu�r�s�h�Prop�r��r und�r Se�tion��or <br /> athervv�se, Barrawer�ere�y assigns�o Lender�a} Borrower's rights�o any insurance proceeds in an am.oun� <br /> no�t�exc�ed�he amounfis unpa�d under the Note or this Se�urity Instrument, and�b} an�ather of <br /> Borrov�er's r�ghts��ther�han the right t� a7ny refund of unearr�ed prern�ums�aid by Borrvwer}under a�� <br /> insurance po�icies caver�ng��e Praper�y, ins�far as such righ�s are app�icabl��o the coverage�f�he <br /> Proper�y. Lender rn.ay use�.he insurance proceeds e��her ta repair or restore�he Proper�y or��pa�amoun�s <br /> unpaid under the Note or this S�curity In�trument, v�rhe�.�er or not�hen due. <br /> �. Qccupancy. Borrovver sha��accup�, estabiish, and use�h�Prop�rty as B�rrower's pr�ncipal residen�e <br /> w�thzn��days af��r�he ex�cu�ion�f th�s Security �ns�rument and sha����nt�nue to oc�upy the Pra�er�y as <br /> Borrow�r's principa� residence for at leas�one y�ar af�er the date of occupancy, unless Lender oth�rw�se <br /> agrees in v�riting, which con�ent shal�not be unreasona��y w�thheld, or uni.ess extenuat�ng circumstar�.c�s <br /> �xist which ar�be�or�d Borrower's control. <br /> 7. Preser�atian, �a�ntenance and Prote�t�vn af the Pro�erty; lnspecti��s. Borr�v�er sha��no�destro�r, <br /> dama�e ar�mpair��.e Proper�y, al�ow�he Proper�� to d�t�r�ara��or commit waste an�he Praper�y. '"L�.��her <br /> or no�Borr�wer�s r�s�ding in the Property, Borr�vver sha��main�ain the Proper�y �n order�o pre�en�.�� <br /> Property from deter�arating or decreas�ng in value due to i�s condi�ian. IJnl�ss ��is de�ermined pursuar�t�o <br /> Secti�n 5 �hat repair ar res�ora�ion is not�conomically feas�b�e, Borr�wer sha��pr�mpt�y repair the�r��erty <br /> if damaged�o avo�d fur�her deter�ora��on or damage. If insuran�e�r c�ndemna�ion pro�e�ds ar�paid�� <br /> c�nne��ion wx�h damage t�, ar�he taking of, th�Pr�per��, Borraw�r shall he r�sp�nsible f�r repairing or <br /> res�oring the Proper�y only�f Lender has re�eased proceeds for such purpases. Lender ma�disburse pr�ceeds <br /> N�BRASKA-5ingle Fami�y-Fannie Mael�reddie MaG UNI�ORM INSTR�M�NT Farm 3a28 11�i <br /> VMP Q VMP6ti�lff{7 3�Z) <br /> Wotters Kluwer Financial Ser�ices Pa�e 7 of 17 <br />