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<br /> All insurance poii�i�s required b� Lender and r�newais of such policies shall�e su�ject to Lender's right�o
<br /> d�sapprove such policies, shal� �nclude a standard mor�gage clause, and shall name Lender as rnartgagee
<br /> andlor as an addi��onal �ass pa}�e�. Lender shall have the right����ld the p���cies and renewal c�r��ficates. �f
<br /> L,ender reC�uire5, Borrawer shal�promptly giWe to Lender a11 re�eip�s of paid prem�ums and renev�al notices.
<br /> �f Borrov�er ob�ains an� farm�f insurance coverage, no���herwise required by L,�nder, for�amage��, �r
<br /> d�s�ruct�on nf, the Property, such po��cy shall include a s�andard martgage c�ause and sha�� name Lender as
<br /> mortgagee andlor as an add��ional �ass payee.
<br /> �n the e�en�of Io�s, Borr�v�er shall gi�re prompt not�ce to�he insurance carr�er and Lender. Lend�r may
<br /> ma�e proof�f�oss if nat xnade promp��y�y Borrower. Unless I�ender and Barrawer��herwise agree in
<br /> wr�t�ng, any insurance pro��eds, whether or n�t the underly�ng insurance v�as requ�red hy Lender, sha1�be
<br /> app�ied�o restorat�on or repair of the Proper�y, if the res�oratian or r�pair�s econamica��y feasible and
<br /> Lender's securi�y is not lessened. During su�h repa�r and restoration period, I.�ender sha��have the righ��o
<br /> hold such insurance proce�ds until Ilender has had an opportunit�ta inspec�such Praper�y to ensure the
<br /> work has been completed ta Lender's sa�isfact�on, provid�d that such inspe�tion sha�I be undertak�n
<br /> promp�Iy. Lend�r m�ay disburse proceeds for the repairs and restoration in a sing�e paymen�vr in a ser�es af
<br /> pragress paym�nts as the work�s camplet�d. Un�ess an agreement is mad�in v�rritin�or Applicable Law
<br /> requ�r�s in�eres� �a be paid an such insuran�e proceeds, L�ender sha�i not be required to pa� Bnrrower any
<br /> ����rest ar earnin�s�n such proceeds. Fe�s for publ�c adjus�ers, or other�hird part�es, re�ained by Borrnwer
<br /> shall no�b�pa�d out�f the insurance proceeds and shali be�he s�ie o��igat�on of Borrower. �f the res�orat�on
<br /> or repair is no�eco�om�cally feasihle ar Lend�r's securi�y would be lessened, the insurance proceeds sha�1 be
<br /> app��ed tn th�sums secured by th�s Security Instrumen�, whe�h�r or n�t then due, vvith�he excess, if any,
<br /> paid�a Borrower. Such �nsurance pro�eeds shall be applied in�he order pro��ded for in Se����n 2.
<br /> �f Borrower abandons the Pr�perty, I.�nder may f��e, nego�iate and set�ie any a�aiiabie insurance c�aim and
<br /> re�a�ed matters, If Borrower does no� respond w�thin 34 days to a no�ice frflm L.�nder that the insurance
<br /> carrier has offered to s���ie a�la�m., then Lender may negot�ate and settle�he ciaim. The 34-day periad w�I�
<br /> beg�n when the nflt�ce�s gi�en. In ei�her e�ent, �r if Lender ac�uires the Property under Se�t�on�2 or
<br /> otherwise, Borrower herehy assigns �o Lender�a} Borrawer's r�ghts to any �nsuran�e proce�ds in an amout�t
<br /> no�to exceed�he amounts unpaid under the No�e ar th�s Security Instrument, and �b} an��ther of
<br /> Borrower's r�gh�s �o�her than�he r�gh�t� an� refund of unearn�d premiums paid b�BQrrovraer}under ai�
<br /> insuranc�po�zcies covering�he Praper�y, insofar as such righ�s are app�icable�a�he�overage�f�he
<br /> Proper�y, L.ender may use th� ir�surance proceeds e�ther�o repair or res�ore�he Proper�y or to pay amaun�s
<br /> unpa�d under�he Note or�his Securit� Ins�rum�nt, whether or nat then du�.
<br /> �. �ccupancy. Borrower shal� accupy, estab�ish, and use the Proper��as Borrower's pr�nc�pa� res�dence
<br /> wi�hin�D days afrer the execut�on of this�ecur�ty Instrumen�and shal� continue ta occupy�he Proper��as
<br /> Borrower's pr�ncipal res�d�nce for a��eas�on��ear after the da�e�f occupancy, unless Lender otherwise
<br /> agrees �n vwri��ng, whi�h consen�shali not be unreasona�ly withheld, or unless�x�enuating c�r�ums�ances
<br /> e��st which are�be}�and Borro�er's�ontro�.
<br /> 7. P�eserWat�on. Maintenan�e and Protect�on �f the Property: �nspect�ons. Borrower sha�1 not d�stroy,
<br /> da�mage or impair�he Prop�rt�r, allow �he Proper�y�o de��riora�e or comm�t was��on the Propert�. '�hether
<br /> or no�Borrower�s residing in the P�roper�y, Borrower shali main�ain the Pr�per�y in arder to pr�vent�he
<br /> Property fram deter�orat�ng or decreasing in�alue due to its condition. CJn�ess �t �s determined pursuant t�
<br /> Sec�ian 5 that repair or re�tora��on�s not economical�y feas�b�e, Borrower shall prflmp�l}� r�pair�he Pr�p�rty
<br /> �f damag�d�o avoid further deteriora�.ian ar damage, �f insuranc�or condemna�ion procee�s are pa�d�n
<br /> connec�ion w�th damage to, or�he�ak�ng of, �h�Proper�y, Borra�er shail b�responsib�e for repairing ar
<br /> r�stor�ng the Proper���nly if L.�nder has re�eased pr�ceeds for su�h purpos�s. L�nder may disburse proceeds
<br /> N�gRASKA-5ing1�Family-�a�nie Mael�reddie Mac UNIFQRM#NSTRt1M�NT Form 3�2$11��
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<br /> Watters KEuwer Finaneiat 5er�ic�s Page 7 of 17
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