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� � � �- � � � Q201503646
<br /> All insura�ice policies required by Lender and renewals of such policies shall be subject Yo Lender's right to
<br /> disapprove such palicies, shall include a standard nlortgage clause, and shall naine I.ender as inortg�gee
<br /> and/or as an additional loss payee, Lender shall ha�e the right to hold the policies aud renewal certificates. Tf
<br /> Lender requires, Borrower shall promptly give to L�nder all receipts of paid preiniwns and renewal notices.
<br /> If Borrower obtains any forzn of insurance coverage, not otherwise required by Lender, for dau�age to, or
<br /> destruction of, tl�e Properry, such policy shall include a standard mortgage clause and sha�l naine Lender as
<br /> mortgagee and/or as an additional loss payee.
<br /> In the event of loss, Borrower shall give proinpt notice ta the insurance carrier and Lender. Lender tnay
<br /> make proof of loss if not iz�ade promptly by Borrower. Un[ess Lender and Borrower otherwise agree in
<br /> writing, any iitisurance proceeds, whe�her or not the uiiderlying insurance was required by Lender, shall be
<br /> applied to restoration or repair of the Properry, if fhe restoration or repair is econoinically feasible azid
<br /> Lender's security is nok lessened. During such repair and restoration period, Lendex shall have the right ta
<br /> hold such insurance proceeds tuitil Lender has had an opportunity to inspect such Property to ensure the
<br /> work has been coznpleted to Lender's satisfaction, provided that such inspection shall be undertalcen
<br /> pro�nptly. Lender inay disburse proceeds for the re�aairs and restoration in a single paytnent or in a series of
<br /> progress payinents as the work is coinpleted. Unless an agreement is made in writing or Applicable Law
<br /> requires interest to be paid on such insurance proceecis, Lender shall not be required to pay Borrower any
<br /> interest or earnings on such proceeds. Fees for publio adjusters, or other third partias, retained by$orrower
<br /> shall not be paid out of the insurance proceeds and shall be the sole obligation of Bol7ower. If tk�e restoration
<br /> or repair is not econoznically feasible or Lender's security would be Iessened, the insurance proceeds shall be
<br /> applied to the sums secured by this Security Instruinent, whether or not than due, with the excess, if any,
<br /> p�id to Borrower. Such insurance proceeds shall be applied in the order provided for in Sectian 2,
<br /> If Borrower abandons Yhe Praperty, Lender may fi1e, negotiate and settle any available insurance claiin and
<br /> related inatters. I�Bor�ower does not respond within 30 days to a notice frojn Lender that the insurance
<br /> carrier l�as offered to settle a claiin, �en Lender inay negotiate and settle the claiin. The 30-day period will
<br /> begin when the notice is given. Tn either event, or if�.ender acquires the Property under Sectioaa 22 or
<br /> otherwise, Borrower hereby assign�to Lender{a} Borrowar's rights to any insurance proceeds in an ainount
<br /> not to exceed the ainounts unpaid uncler the Natie ar this Security Instruinen#, and(b) atay other of
<br /> Barro�rer's rights{nthcr than the right to any refiu�d of unearned preini�uns paid Uy Borrower}under all
<br /> insutance policies covering the Property, insofflr as such rights are applicable to Che co�erage of the
<br /> Property. Lender inay use tlie it�sur�nce proceeds either to repair or restore the Property or to pay amounts
<br /> �rnpaid under the Nate or tivs Security Instrwnent, whether or not then due.
<br /> 6. OeCup2nCy. Borrower shall occupy, establisl�, and use the Property as Bonower's principal residence
<br /> within 60 days aF�er the execution of this Security Instrtun�nf and sl�all continue to occupy the Propet•ty as
<br /> Borrower's principal residence for at least one year after the date of occupancy, unless Lender otherwise
<br /> agrees i�i writing, which consent shall not be unreasonably withheld, or unless extenualing circumstances
<br /> exist which are beyoncl Borrower's control.
<br /> 7, Pr�servation, Maintenance and Protec�ion of the Property; Inspections. Borrower shall not destroy,
<br /> da�nage or iinpair the Property, allow the Property to deteriorate or coinriut waste on the Property. WheLher
<br /> or not Borrawer is residing in the Property, Borrower shall inaintain the Property in order to prevent the
<br /> Praperty firozn deteriorating ar decreasing in value due ta its condition. Unless it is deterinined pursuant to
<br /> Section 5 tha! repair or restoratio�is iiot econoinically fe�sible, Borrower sha11 promptly repair the Property
<br /> if dainaged to avoid further deterior�tion ar dasnage. If insurance or condeinnation proceeds a�•e paid in
<br /> connectzon wzth damage to, or Che faking of, the Property, Borrower shall be responsible for repairing ox
<br /> restoring the ProperCy only if Le�ader has released proceeds for such purpas�s. Lender may disburse proceeds
<br /> soasszo�o7as
<br /> NEeRqSKA-Single Family-Fannie MaelFreddle Mac UNIFORM INSTi2UMENT Form 3028 1101
<br /> ��p� V�IP6(NE){1302}
<br /> W oElers Kluw er Flnancial Servlces page 7 of 17
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