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��15��575
<br /> Ail insuranc�poiicies requ�red�y I...�nd�r and r�newals of such p�lici�s shall be subjec��o Lender's r�gh��o
<br /> d�sappro�e such p���cies, shall �nc�ude a standard mor�ga�e�Iause, and shall name Lender as martgagee
<br /> andlor as an add�t�onai �oss pay��. Lender shall have�he right to hold �he poiicies and reneu�al �er�ifica�es. �f
<br /> Lender requir�s, Borrovver shal� promptly give�o Lender aI� receip�s of paid premiums and renewal no�ices.
<br /> �f Bo�rrower�b�a�ns any form�f insurance�o�erage, n��ntherw�se required by L.ender, f�r damage to, or
<br /> d�struction of, �he Proper��, such polzc� sha�i include a standard mor�gage c�ause and shall name Lender as
<br /> mor�gagee andlor as an addi�ianal loss payee.
<br /> �n the��ren�of loss, Borrovver shali give prompt notice�o �he�nsuran�e�arrier and L.ender. �.,ender may
<br /> make proof of�ass if n��made prompt�y by Borrovver. Unless Lender and Borrower oth�rwise agre�in
<br /> v�ri�ing, any insurance proceeds, v�hether or nat the under�yzng insuran�e was required by Lender, sha11 be
<br /> applied to restoration or repair af�he Propert}�, if�he r�stora�ion ar repair�s economical�y feas�ble and
<br /> Lender's security is not�essened. During such repair and res�orati�n per�ad, L.�nder sha�l ha�e the r�gh��o
<br /> ho�d such �nsurance prac�eds unt�l I.�nder has had an oppor�unity�o inspect such Proper�y to ensure the
<br /> work has been comp�e�ed to Lender's sati�fact�on, provided�hat such inspectian sha�l be undertak�n
<br /> promptly, L�nder ma�disburse proceeds for�he repairs and r�st�ratian in a sin��e payment or�n a ser�es of
<br /> progress pa�men�s as the wark�s comp�eted. �C..�nless an agreem�nt �s n�a e xn wr�t�ng or pp �ca e avv
<br /> r�quires �n�eres�to be pa�d on such insurance proc��ds, Lend�r shall not be required�o pay Borrav�er any
<br /> in�erest or earnings on such proceeds. Fees far pubii�ad�us�ers, or n�her�hird parties, reta�ned b�Borrower
<br /> sha�� no�be paid aut of the in�urance proceeds and shall be�he sole nbi�ga�ion�f B�rrawer. �f�he r�s�ora�ion
<br /> nr repair is nat economically feasib�e nr I.ender's se�ur�t�w�uld be lessened, the insurance proceeds shal�be
<br /> appi�ed to the sums secured b��h�s Securi�y �nstrument, whe�her or not the�due, with the excess, �f any,
<br /> paid�o Borrav�er. Such �nsurance proceeds sha���e app�ied �n the�rder pra�id�d for in Sec�ion�.
<br /> If Borrawer abandans the Pr�per�y, Lender ma� file, negotia�e and se�tle any avai�ab�e�nsurance claim and
<br /> re�ated matters. If Borr�wer does not resp�nd within 3�days to a na��c�from Lend�r tha��he insurance
<br /> �arrier has offer�d to set�le a c�a�m, �hen Lender may neg�tiate and se��le�he�laim. The 3�-day period w�l�
<br /> hegin when the not�ce is gi�en. �n either��en�, or�f Lender acquires the Proper�y under Sectian 22 or
<br /> o�h�rvvis�, Borrov�er hereby assigns to Lender ta} Borrawer's right��� any insurance pro�eeds in an amount
<br /> not�o exce�d the amounts unpa�d und�r th�Note or��is S�curity �nstrument, and �b� any other of
<br /> Borrovver's rights ��th�r�han the righ��o an�refund of un�arned premiums paid hy Borrov�er}under a��
<br /> �nsurance pfllicies co�rering�he Proper�y, �nsofar as such r�gh�s ar�applica�le to th�coverage of�he
<br /> Property. Lender ma�use the�nsurance proc�eds e��her to repa�r ar restore�h�Praper�y�r to pay amounts
<br /> unpaid under the N�te�r this Securi�y Instrument, whe�her ar no�t�.�n due.
<br /> 6. C]ccupancy. B�rr�w�r Sha�I�CGupy, estab�ish, and use�he Proper�y as B�rrov�rer's principal re�idence
<br /> wi�hin 6�days after�he e�e�u�ion of th�s Security Instrument and sha11 continue to occupy the Proper�y as
<br /> Bar�-o�er's principal res�denc�for a�leas�tine y�ar af��r the da��of occupancy, unless L.�nder otherwise
<br /> agrees in wri�ing, wh�ch consen�shall no�be unrea�ona�I� v�ithheid, or un�ess e���nua�ing circumstanc�s
<br /> ex�st which ar�beyond Barrow�r's contra�.
<br /> 7, Preserr►ativn, Ma�ntenance and Protect�on of the Prop�rty: Inspectivns. B�rrower shall not destray,
<br /> damage nr impair�he Property, al1o��he Property�o deteriora�e or commit�vas�e on the Proper�y. V�he�her
<br /> or no�Borrovver is residing �n�he Prnp�rty, B�rrower shail maintain the Frop�rty in order to pr��rent�he
<br /> Property from deteriflrating or decreasing in�a�ue due t� ��s��nditian. Unless i� is determined pursuan��o
<br /> S�c�ion 5 that repa�r or res�orat�on is no�economE.�ca�l� feasible, Borrov�rer shall promptly repair the Propert�
<br /> if damaged to avoid fur�her det�rioratian or damage. If insurance or condem�n.at�on pr�ceeds are paid in
<br /> connect�on with darnage to, ar the�aking�f, �h�Proper�y, Borrov�er shall be responsi�ble for repa�r�ng or
<br /> r�star�ng�he Proper��r only �f L.ender has released proceeds for such purposes. I,ender may disburse proce�ds .
<br /> N�BRASKA-Single�arnily-Fannie MaelFreddie Mac UNiFQRM INSTRUM�NT �vrm 34�8 1!��
<br /> VMP[a; VMPfitNEy�13��}
<br /> Waiters Kluwer�inanciat 5�r�ices Page 7 of i 7
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