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��15��55 A�1 insurance policies required by Lender and renewa�s of su�h po�ici�s shall be subj�ct ta Lend�r's r��h�tfl d�sapprove su�h policies, shal� inc�ude a s�andard mar�gage clause, and sha�� name Lender as m.or�gage� andlnr as an add�tional loss pay�e. Lender shall have�he right to ho�d the po�icies and renewa��er�if�Gates. If L�nder requires, Borrower sha�l promptl� gi�e to Lender a�� rece�pts of paid premiums and r�newal not�ces. �f Borrower obta�ns an� fQrm�f insuranc�co�erage, not a�herwise requ�red by Lender, for damage to, or d�struction of, the Prop�rty, such p�l�� sha�� nclude a standard mortgage c�ause and shall name Lender as mortgagee andlar as an addi�i�nai �o�s paye�, �n the e�rent of loss, Borrawer shall g��r�prompt no�ice�fl the insuranc�carrier and Lender. L.ender may make proof of loss if na�made promp�i�by Borrower. Un�ess Lender and Borrower otherwis�agre� in wr�ting, any insurance proceeds, vWhe�her or n�t the under��ing �nsuranc�ulas requ�red by Lender, shall be applied�o restoratian or repa�r of the Proper�}�, if the restorat�on ar repair is ecanami�al�y feas�hle and L.�nder's security is n�t lessened. During such repair and res�ora��on peri�d, Lender shall ha�e the right ta hold su�h insurance proceeds unt�l L�nder has had an appor�uni�}��o inspe�t such Property to ensure the w�rk has been campl�ted�o Lender's satisfac�ion, prov�ded tha�such inspect�on sha��be under�aken prflmptly. Lender may d�sburse proceeds fflr the r�pai�s and rest�ration in a single payment�r in a series of progress paymen�s as�he work is�omple�ed. Unless an agreemen� is made�n writing or App�icabie La�v requires interest�o be paid on such insurance proceeds, Lender sha�i not be required�o pa� B�rr�wer any �n�erest or earn�ngs nn such proceeds. Fees f�r pub�ic adjusters, or ather third par�ies, re�a�ned�y Barr�wer shall not�e paid out of the insurance proc�eds and shall be the sole obligation of Borrower. �f the res�ora�ion �r repair is n��econ�micaliy feasible or Lender's security v�►rauld be�ess�ned, �he insurance proceeds shall be applied t� �he sums secured b��his S�curi�y �ns�rumen�, whether or not then due, with�he excess, if any, pa�d tn B�rro�er. Such insuranc�proceeds shal�be appl�ed�n�he order pro�ided f�r in Sec��on 2. If B�rrovwer abandons the Pr�perty, Lender may file, negotia�e and settle any available insurance cla��m and related mat�ers. Yf B�rrower does no�respond v�r�th�n 3�da�s �o a no�i�e fram Lender that the in�uran�e carrier has offered�o se�tle a claim, �hen Lend�r may neg��ate and se��le�he cla�m.. The 34-day period wi11 begin wh�n the notic��s g�ven. �n either e�ent, ar if Lender acqu�res the Praper��under Se�t�on 22 or otherwise, Borrflwer hereby ass�gns to L�nder�a} Borrouler's righ�s t� any �nsurance proceeds �n an amaunt n�t ta e�ceed the am�unts unpaid und��the No��or this Secur�ty Instrum�nt, and�b� an�other of Borrower's r�gh�s �o�h�r than�he right�o any refund af unearned premiums paid by Borrawer}under alI insurance poli�ies covering the Proper�y, insofar as such righ�s are app�ica�le ta�he co�erage�f the Property. Lender may use the insurance pro�eeds either t�repair or r�s�ore�he Proper��ar�o pay amoun�s unpaid under�h�Note or�his Securit� Instrument, whe�her ar not�hen due. �. Dccupancy. Borrower shal� occupy, esta�lish? and use the Prop�r�y as Borrower's principa� resxdence �ri�hin 6D da�s af�er��e e�ecutian of this S�curity �nstrum�n�and sha�l cont�nue t� occupy the Proper��r as Barr�wer's pr�nc�pal residenCe for at Ieast one year af�er�he da�e af accupanc�, un�ess L.ender atherwise agrees �n wri�ing, �vh�ch cansent shaii not�e unr�asonabl�r withheid, or unless extenua��ng c�rcumstances �xis�v�h�ch are be�ond Borrower'� con�ro�. 7. Preservat��n. Maintenance and Pratect'ran of the Property: Inspections. Borr�v�rer sha�I no�destroy, damage or impair�he Proper�y, a�lo� the Proper�y�o deteriorate ar c�mmit waste on the Pr�pert}�. �h�ther or no� Borrower�s resid�ng i��he Prflpert�, Borrower shall maintain the Proper�y �n arder to prevent the Pr�perty frorn deter�arating or decreasing �n vaiue du�t� its �ondi�ion. Uniess ��s d��ermined pursuan��o Section 5 tha�repair or restoration is not ec�n�micaiiy feasib�e, Borrow�r shall promptl� repa�r the Property �f damaged�o avo�d further deter�oration�r damage. �f insurance or c�ndemnatian proceeds are pa�d in connectian wx�h damage�o, or the�ak�ng of, the Property, Bnrrower shai� be respons�ble far repair�ng�r restor�ng the Property only �f Lender has released proceed.s for�uch purpases. Lender may d�sburse proceeds NEBRASKA-SinglE Family-�a�nie Mael�reddie Mac UNIFQRM 1NSTRUM�NT �orm 3�2$1!�1 VMP Q VMP6[NEf t1342� Wolfers Kiuwer�inancial ServiCes Page 7 a#i 7