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��15�5454
<br /> A�I insurance poii�ies r�quir�d by Lender and renev�a�s of su�;h polici�s sha�l b�sub�ect to Lender's right t�
<br /> disappra��such policies, sha�I inc�ude a standard mor�gage��ause, and shal�nam�L�nd�r as ma�gagee
<br /> andlor as an addi�ional Iass pa�ee. I.ender sha�l h�v��he right to hold t��e palicies and renewal cer���cates. �f
<br /> L.ender requi�-es, Borrflw��shaii promptl�give to L�nder all receipt� of paid pretn�ums and renewal natices.
<br /> If Borrower nh�ains an�form of insurar�ce co�erage, not otherwise required�y Lender, far da�nag�to, �r
<br /> des�ruc��on of, the Proper�y, such poiicy shal� �nclude a standard mor�gage c�ause and shall nam�Lend�r as
<br /> mortg�ge�andl��r as an addi�iona� �o�s paye�.
<br /> In the ev�n�of loss, B�rravver shall gi�e promp�no�ice�a�he in�urance carrier an�.Lende�-. Lender ma�r
<br /> ma.ke praof of loss if no�made pr��nptly by Borrov�er, Un�ess Lender and Borra«er��h�rvvis�agree�n
<br /> writing, any insurar��e praceeds, whether o�r no�the underl�ing insurance was requ�red by Lender, shail be
<br /> app�ied�a res�orat�on or repair of the Property, �f�h�res�oration or repair is economically feas�b�e and
<br /> Lender'� security is nat le�sened. During such r�pair and res�orat�on period, Lender shall ha�e�he right ta
<br /> hold such insurance proce�ds unti�Lender has had an Qppnrtunity to�nspect su�h Proper�y�o ensure the
<br /> wflrk has�een completed to Lender's sat�sfac�ion, pra�ided tha�such�nspectzon shall be under�aken
<br /> promptly. L�nder ma�dis�urse proc�eds tor�he repairs and restorati�n�n a s�ngie paymen�or in a series of
<br /> prag�ess payments as�he work�s�ample�ed. Unless an agreement�s�made�n writing or Applicable La�nr
<br /> requires in��rest to b�paid on su�h insurance proceeds, Lender shail not be requ�red to pa�Barrower any
<br /> in�erest or earnings on such pra�eeds. Fees for pu��zc ad�us�ers, or other�h�rd part�es, retained by Barrower
<br /> shall not be paid out of the�nsuranc�proceeds and sha��be the sole obl��at�on of Borrawer. �f the res�orat�an
<br /> or r�pair�s not ecanorn�cally feasib�e tir Lender's securitiy would l�e lessened, �he insuran�e proceeds sha�l�e
<br /> appl�ed to the surns secured by this Security�ns�rument, wheth�r or n��then due, w�th the ex�ess, if any,
<br /> paid to Borrawer. Such�nsurance praceeds sha�l he appl�ed in the arder prov�ded for in Sect�on 2,
<br /> If Barrawer abandans the Propert�►, Lender may file, negotia��and se�tle an�available insurance c�ain�and
<br /> ��lated matters. �f Borrov�er daes not respond w�thin 3�days ta a no��ce from L�nder that�he�nsurance
<br /> caa�r�er has offered ta settle a cla�m, �hen Lender may negnt�a�e and se��Ie the c�aim. The 34Mday period v�i��
<br /> begin�rhen the no�ice is given, In�i�her event, or�f Lender acquires�he Propert�under Section 22 or
<br /> otherwise, Borrower hereby ass�gns�o Lend�r�a�Barrav`rer's rights to any insu�ance proceeds zn an amoun�
<br /> not to exceed the amounts unpa�d under the No�e or this Securi�y�ns�rument, and�b� an�other�f
<br /> Borrower's righ�s (ather�han�he righ�to any refund of unearned premiums pa�d by Borro�er}under a�l
<br /> insurance pal�cies cover�ng the Proper�y, insofar as such rights ar�applica�Ie to the co��rage of the
<br /> Property. Lender may use the insurance pro�eeds e��her�o repair ar restor�the Property ar�o pay arnounts
<br /> unpaid under the Nate ar this Security�nstrurnent, whetihe�r or nflt then due.
<br /> �. �c�upancy. Borrawe�shall a�cup�, �s�ablf sh, and us�the Pr�pert�as B��rower's princi�al residence
<br /> vvith�n G4 days after the execution af this Se�urity �nstrumen�and shall continue�a nccupy�he Proper�y as
<br /> Borrower'�princ�pa�res�dence f�r a��east one year aft�r the da�e of accupancy, unless Iaend�r otherwise
<br /> a�rees �n writing, which cans�nt sha�i not be unreasanab���vithhe�d, or unl�ss ex�enuating c�rcums�an�es
<br /> exist wh�Gh are beyond Borr�wer's cantral.
<br /> 7. Preserva�ivn, tllla�ntenance and Prvtection vf th� Prvper�y: Inspectivn�. Borrawer shall nat destra�,
<br /> damage or impair the Proper�y, allaw�he Property to d��er�orat�or camnnit waste an the Proper�y. �11"heth�r
<br /> c�r not Borrnwer is r�siding in th�Proper�y, Borrower s��a�l main�ain the Property in flrder to pre�en�the
<br /> Property from deteriorating or de�reasing �n�ra�ue due to�ts e�ndition, Un��ss �t�s determined pursuar�t ta
<br /> Sec�ion 5 that repair or restoratiUn is not econorn�cal�y feas�ble, B�rr�wer s��all p�o�xaptiy repa�z�he Praperty
<br /> �f damaged to a�oid further det�rioratian or damage. If insurance ar candemnation pr�ceeds are paid�n
<br /> c�nnec��on with damage to, or th��aking�f, �he Proper�y, Borrov�er sha�l be respansibl�for r�pairit�g or
<br /> restoring the Property o�ly�f Lender has reieased prac�eds for such purposes. Lender ma�r disburse praceeds
<br /> NEBRASKA-Single Farr�ily-F�nr�ie M�el�r�ddie M�c l3Ni��RM INSTRUMENT �orm 3428 1l01
<br /> VMP(� VMP��NEy t134�)
<br /> Wo�ters Kluwer�inancial Ser�ices Page 7 a1 17
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