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��15�3337
<br /> A�1 �nsurance po�ic�es requ�red by Lfender and renewa�s af suGh pol�c�es sha11 he sub�ec��a Lender's right�o
<br /> �.�sappr�ve such policies, sha�1 include a s�andard mortgage c�ause, and sha�� nam.e L�end�r as mo�gagee
<br /> andlar as an additiona� �oss payee. Lender shall hav��h�r�gh�to ho�d the po1 i�ies and renewal cer�if�cates. �f
<br /> Lender requ�res, Borrower sha��pramptly gi�e�o Lender a11 rece�p�s af paid premiums and renevval no��ces.
<br /> if Barrower ohtains any farm of insuran�e co�erage, not o�herw�se required by Lend�r, for damage�o, ar
<br /> destruc�ian af, the Prop�r�y, such pa��cy shall �nclude a s�andard mflr��age clause and sha�� name Lender as
<br /> mor�gagee andl�r as an addi�ional�oss payee.
<br /> In�h�event of�oss, Borro�ver sha�� g�ve promp�nofiice to fhe insurance carrier and Lender. L�nder may
<br /> make proof of loss if n�t�nade promp��y by Borrour�r. Un�ess Lender and Borrou�er atherwxs�agr�e�n
<br /> writ�ng, any insurance proceeds, whe�her nr nat the underi}�ing�nsurance was r�quired by L.�nder, shall be
<br /> app�ied�a restora��on�r repa�r of�he Prop�r��, if�he rest�ration ar repair is econ�mically feas�hle and
<br /> Lender's securi�y�s not Iessened. Dur�ng such repair and res�orat�on per�ad, Lender shall have�he right to
<br /> h�1d such insurance proce�ds until Lend�r has had an oppor�unity�o inspec�such Property ta ensure the
<br /> work has been co�nple�ed ta Lender's sa�isfa��ion, pr�v�de�.that su�h inspe��xon sha11 be undertaken
<br /> promp���. Lender ma�disburse proceeds for�he repa�rs and res�ara�ion in a sin��e paymen�or in a series�f
<br /> pr�gress paymen�s as the v�rork�s cQmp�e�ed. Un�ess an agreement�s made�n writing or App�i�able Law
<br /> requires interes�to�e paid an su�h�nsuran�e proc��ds, Lender shal�n��be required�o pay Borrow�r any
<br /> interest or earn�ngs on such proc��ds. Fees for public adjusters, or ather�hxrd parties, retained by Borrower
<br /> sha�� no�be pa�d aut of�he insurance pr�ce�ds and sha11 be the sale obliga��on of Barrower, If the restoratxan
<br /> or repair is not economicall� feas�ble or Lender's s��ur�ty wou�d b�lessened, �he insurance proceeds sha��be
<br /> applied to the sums se�ured b��h�s Secur����nstrument, whether or no��hen due, w�th�he excess, �f an�,
<br /> pai�.�o Borrower. Such�nsurance pr�ceeds sha�l be app�ied in�h��rder provided for in Se��ion�.
<br /> If Borro�ver a�andons the Property, Lender may fi�e, ne�atiate and settl�any a�ailab�e�nsurance c�aim and
<br /> rela�ed ma�ters. If Barrow�r does na�r�spond w��hin 3�days ta a natice from I,ender�ha�the insurance
<br /> carr�er has nffered�o se���e a c�a�m, �hen Lender may negafi�a�e and se���e the��aim. Th�3D-da�periad will
<br /> b�egYr�w���.�h�zaat�c�is ��ve�. �r�ei�h�r ev���, �r�f�r�der a�q�ir�s�h��ra�p�rty und�r�ection�2 or
<br /> ��he�-vvise, Barrower here��assigns to Len�er�a} Borrower's r�ghts to any �nsurance proceeds in an amoun�
<br /> not to exce�d the amoun��unpa�d under the No�e or�his Security �ns�rum�nt, and �b} any o�her of
<br /> Borrower's r�ghts ��ther than the r��ht to any refund�f unearned premiums paid by Borrovv�r}under a�i
<br /> insurance p��xc�es co�ering�he Pr�p�rty, insafar as such rights are app�icab�e�� �he coverage of�he
<br /> Property. Lender may us�the insurance proceeds ���her�o repair�r r�store�he Proper�y ar to pay amounts
<br /> unpaid under the Note�r th�s Securx�y �nstrumen�, whether or n�t then due.
<br /> 6. �ccupancy. Borr�wer sha��occupy, �stablish, and use the Praper�y as Borrower's principal. res�dence
<br /> wi�hin d4 days after�he execu�ion of this Security �ns�rument and shall cont�nu�ta ac�upy the Praperty as
<br /> B�rr�vver`s pri�.cipal ��sideric�ftir at l��st��e����aft���h�d���of�c��pan�:y, un��ss I..,enc�e�r vtherwi��
<br /> agrees in wr�ting, wh�ch c�nsent sha1�na�be unreasanably withhe�d, or unless ex�enua�ing circumstan�es
<br /> ex�st wh�ch are beyond Borrower's can�ral.
<br /> ?. Preser►vation, Niaintenar�ce and Pratectian nf the Praperty; �nspectians. Barrow�r sha��not des�ray,
<br /> damage ar impa�r the Pr�per�y, allow the Proper�y to deteriora�e or c�mm�t waste on the Prop�r�y. �he�her
<br /> or n�t Borr�wer�s res�ding �n�he Proper�y, Borrower shall ma�n�ain�he Praper�y in order�a pr�vent the
<br /> Propert}�from de�eriora�ing ar decreas�ng �n valu�due ta its condi�ion. Unless �t is d��ermined pursuant to
<br /> Sect�an 5 �hat repair or re�tora�ion is not econ�mica�ly feasible, Borrawer sha�i promp�iy repair the Praperty
<br /> if damaged to avoid further de�eriorat�on or damag�. �f�nsuran�e or condemna��on prfl�eeds are paid in
<br /> connec�ion wi�h darnage to, or�he taking of, �he Property, Borrawer shall b�resp�nsib�e for repa�r�ng or
<br /> restor�ng the Proper�y onl�if Lender has re��ased praceeds for such purpases. Lender may d�sburse pr��eeds
<br /> N�BRASKA-Single Family-Fannie MaelFreddie Mac UNIFaRM INSTRUMENT �orm 3D28 71��
<br /> VMP� VMPB�N�f�13�2�
<br /> Walters Kluwer Financial Ser�ices Pag�7❑f 7 7
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