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��15�3�59 Al� �nsurance palic�es requir�d by L�nder and renewals af such p�l�cies shal�be subje�t to Lender's r�ght to d�sappr�ve such polic��s, shall include a s�andard mortgage clause, and shal� name Lender as mor�gagee andlor as an additional lass payee. Lender shall have the r�ght to hold�he po�icies and renewal cer�ifi�ates. If L,�nder r�quires, BorrovUer shai�promp�ly��ve to Lender alI receipts of paid premiums and renewal not�ces. If II�rrow�r obta�ns an�r f�rm�f insuran��c��rcra�c, n�t o�hcrwisc�cquircd hy L.�ndcr, for damagc to, �r destruc��on of, �he Property, such policy sha�� inc�ude a standard mor�gage clause and shall name Lender as mor�gagee andlor as an add��ona1 �oss pa�ee. �n th��vent of�oss, Borrawer shall g��e prflmp�na�ice�o�he insurance carr�er and Lender. Lender may �m.ake proof of�oss �f n�t made promp�iy by Borrawer. Un�ess Lender and Borrower otherwise agre�in wri�ing, any insurance prace�ds, whe�her or not the underiying insurance was required b� Lender, shai�be app��d to res�oration or repazr af the Property, if�he restorat�on or repair is econam�cal��r f�as�b�e and Lender's se�uri�y�s na�Iessened. During such repair and res�oratian period, Lender sha�i hav��he r�gh�ta hold such insurance pr�ceeds unt�l Lender has had an oppor�uni�y to inspect such Propert� t�ensur�the work has be�n Gomple�ed�o Lender's sa�isfact�on, provided that such inspection shall be undertaken prflmptly. Lender may disburse proceeds for th�repairs and res�orat�fln xn a single paymen�or in a s�rie�of progress payments as the wark is completed. Unless an agreernent is rnade�n wri�ing or Applicable La�v requires in�eres��o be paid on such insurance proceeds, Lender shall not be requ�red to pay B�rrower any �nt�rest or earnings on such proce�ds. Fees for pubiic adjusters, or�ther th�rd pa�iess re�ained by Borrow�r shall not be paid ou��f�he insuraxac�proceeds and shall be the sale obl�gat�on of Borrower. If�he restoration or repair is not economical�y feasi�Ie ar Lender's security would be�essened, the �nsurance proceeds shall �e app�ied �o the sums �e�ured by this Security �nstrumer�t, whe�her�r no�then due, with�he excess, if any, paid�o Borrower. Su�h insurance proceeds sha�I be app��ed �n�he ord�r pr�vided for in �ectifln 2. �f Borrovver aband�ns the Proper�y, Lender ma� fi1e, negot�ate and se��le any a�ailable insurance ctaim and rela�ed matters. �f Borrower does n�t respond w�th�n 3�da�s�o a notice from Lender�hat th�insurance carrier has offered�o settle a claim, �hen Lender xna�r neg�t�a�e and settle�he cla�m. The 34-day per�od wx�� begxn�vhen the no�ice is gi�ren. In eith�r e�ven�, or�f Lender acquires the Property under Sec�ion�2 or atherwise, Borr�wer hereb�assigns to Lender�a� Borrovv�r's rights to an� insurance proceeds in an amoun� no��a exceed the amounts unpaid under�he Note or�h�s Se�urit� Instrumen�, and�b} an�a�her o�' Borrawer's r�gh�� o�her�han th� r�gh�to any refund of unearned prem�.ums paid b�Borrower} under a�� insurance p��c��s�overing th�Pr�perty, insofar as such righ�s are appiicab�e t�the c�verage nf the Proper�y. Lender may use the insurance pro�eeds either�o repair or restore the Praper�� ar to pay am.aun�s unpaid under�he Nate or th�s Securi�� Instrumen�, whether ar n��then due, 6. �ccupancy. Barrower shall occupy, establ�sh, and u��he Praperty a� Borrower's princ�pal res�dence vv��hin 6�days aft�r the execution of�h�s S�curity Ins�rument and shali continue to accupy th� Pr�perty as Borr�w�r'�principal resid�nce for a��east one y�ar after�he date��'occupancy, unless Lender o�het-vv�se agrees in writing, �vhich cansen�sha1� not be unreasonab�y v��hhe�d, or unless extenua�ing circums�ances existi vvh�ch are beyond Borrower's contro�. 7. Preser�at�an, Maint�nance and Pr�tection of tne Praperty: �nspect�ans. Borrower shall not destr��, dama�e�r impair the Proper�y, a��ow the Property to deteriora�e or commi�wast�on the Proper�y. '�Vhether or not Borrow�r is r�siding in�he Propert�, Bflrrovver shall main�ain the Property in order�o preven��he Propert� from deter�arating or decreasing in�a�ue due�o �ts�ondi�ion, Un�ess it xs determined pursuan�to Sec�i�n 5 tha�repair or restorat�on�s nn�economica�ly feasib�e, Borrower shall prom��y repair�he Proper�y �f da�naged to a�void fur�her det�riorat�on or damage. If insurance or condemna�i�n pro�e�ds are paid in cann�ction vvith damage�o, or the taking�f, the Propert�, Borrower shal�be respons�b�e for repairing or restoring the Proper�y only if Lender has reieased proceeds for such purposes. L.�nder ma�dishurse proceeds N�BRASKA-Single FarniEy-�ar�nie MaelFredt#ie Mac l3NEF4RM iNSTRIJM�NT Form 302$11fl� VMP� VMP6{NE1�1302} Waiters Kluwer�inancial Services Page 7 a��7