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2� 1 5��2�7
<br /> P�aperty,�f the restora�ion or repair is e�anomically feasible and Lend�r's security is nat lessen�d.I7uring such repair and
<br /> restara��o�l p�riod,Lender shal�have the r�ght to hold such insuranc�proceeds un�il Lender has had an opp�r�uni�y to
<br /> inspec�such P�operty�o ensure the vuork has been comp]eted tQ L�nder's�atzsfaction,pra�ided that su�h inspect��n shal� •
<br /> be undertaken promp�iy.Lender may dis�u�rse pr�c�eds far�he re�airs and rest�ratian in a single paymen�or in a series�f
<br /> progr�ss payments as the work is Gampleted.Unless an agre�men�is made in wr�tzzag or Applicable Lav�requires in�er.est
<br /> to be paid on such insurance proce�ds,Lender shail not be requ�red�o pay Borro�r�r any in�erest or earnings on such
<br /> proceeds.Fees far pubiic adjusters,or other thzrd pa,rties,�etained by Borrflwer sha�l not be paid ou�of�h��nsuran�e
<br /> proceeds and shall be th�soie obiigation of Borrower.If�he restora�i�n�r repair�s not econo�nically feasib��or Lender's
<br /> securi�wau�d be Iessened,the insurance proceeds sha�1 be app�ied to the sums secured by�his Secur��y Ins�rumen�, '
<br /> whe�her or not then du�;w�th the excess,if any,pazd�o Borrov►�er,Such insurance pro�eeds�ha�l be applied in the arder
<br /> pro�ided for in Sec�ion�.
<br /> If B�rrawer abandans�he Froperty,Lender may file,ne�o�iate and settle any avai�able insurance c�a�m an�related
<br /> matters.�f Borrower does not respond w�thin 3�days ta a nfltice from Lend�r that the insurance car��er has offered to �
<br /> settle a�Ia�m,�hen L�nd�r may nego�ia�e and se�tle the c�airn.The 3�-day p�riod tivill begin when the notice is given.In
<br /> e�ther��en�, ar if Lender acquires the P�ope�-ty unde�r Section 2? or otheru�ise,Borrower�.ere�y ass�gns to Lender �
<br /> �a�Borra�rer's rights��any insurance pr�ceeds in an am�un�na�t�exceed the amaun�s unpaid under�he Note or�h�s
<br /> S ecurity�nstrument,and�b�any�the�r of B arro�ver's rights�o�her�ha.n�he right to any refund af unearned prerniums paid
<br /> by B�rrov�er)under a�I insurance p�licies cover2n��he Praperty,insofar as such ri�hts are applzcable to�he caverag�of '
<br /> �he Propei-�y.Lender may use�he insurance p�oceeds ei�her�o r�pair or restore the Property�r ta pay amou��ts unpaici •
<br /> under the�Iote ar�his Securi�Instrumen�,��vhether or not then due. .
<br /> 6.�ccupancy.Borrau�er shall occupy,establish,and use the Prape�y as Barrower's p�incipal residence within.��
<br /> days after the executxan of�is Se�urity Ins��ument and shall continue t�occup�the Prap�r�as Borrower's princzpal �
<br /> res�den��for at least one year after�he da�e of o�cupancy,unless Lender otherw�se-agrees 1n vvr�ting,which cansen�sha1�
<br /> not be unreasonably�uithheld,or unless ex�enuating circumstances exist wh�ch are�eyond Borrower's�on��Q1.
<br /> 7.Preser�atron,Maznfenance and Prntec��on af the Property;Inspec�i�ns.Borr�wer shal.l not destroy,damage ,
<br /> ar zmpa.xr th�Pro�er�y,allow the Proper�y to deteriQrate or commit waste on�he Pr�perty.�hether or not Bar�rower is
<br /> resid�ng in�he Property,B�rr�wer�hall rna�nta�n the Propert�in order to preven��he Property from deteriarating or
<br /> decreas�ng�n�alue due to Yts condition.Un�ess it is determined pursuant�v Sectian 5 that repair or restoration is nat
<br /> ecan�lr��ca�Iy feasible,Borrower shall p�omptly repair the Prape�.y if damaged ta a�oid fwr�ier deterioration or damag�. `
<br /> If insuran�e or condexnnat�fln pro�eeds are paid�n cannection wi�h�amage�o,or the�a,king flf,the Frop�rty,Borrower
<br /> shall be respons�b�e for repa�ring ar res�oring the Property an�y ifL�nder has re�eas�d proceeds for su�h purposes.Lender - �
<br /> may d�sburse proceed�for�he repairs and restoration in a single payment or in a�eries af p�rogress paymen�s as the v�rork
<br /> xs comple�ed.�f the insurance or c�ndemnati�n proceeds�are not suffzcier�t t�repa�r or res�ore th�Proper�y,Borrowe�is
<br /> nat i•elieved af Barrower's obliga�ion for�he campletion of such repa�r ar rest�rat�an. •
<br /> Lender or its agent may make reasonable en�ri�s upan and inspections flf the Proper�y,If it has reasonab�e cause,
<br /> L�nder may�nsp�c�the�nterior af the impr��ements on the Praperty.Lender shali gi�e Borr�wer notice a�the time ofor
<br /> priar to such an inter�ar inspec�ipn specify�ng su�h r�as�nab�e cause.
<br /> 8.Borrawer's Luan Appli�a#ian.Borrovver shali be in default if,du�ing th�Loan application process,�3orrow�r or •
<br /> an��persons or entit�es a�t�nb at the direc�ion af Borrower ar wi�h Borrovver'�knawledge or consent gave mat�rially
<br /> false, m�slea��ng, or �na�cura�e informa��an or statemen�s ta Lend�r (flr fai�ed to provid� Lender wi�h ma�erial
<br /> inf�rma�ion� in cannect�on vvi�h the Loan. Material repre�en�at�ons in��ude, �ut are not limited to, reparesen�atians
<br /> concerning Bo�roti�er's occupancy of�he Prnperty as Borr�wer's p�incipa�residence.
<br /> 9.PrQ�ect'ron v�Lender's Interest�n the Prnpert�and it�ghts Under this Secur�ty Instrurnent,If�a}Borrowe� �
<br /> fa�ls to perforrn�he covenants and agreements contained in th�s Securit,�Ins�rum�nt,�b}there is a�egai praceeding�ha�
<br /> mrght sxgn�f�cantly afFec�t Lender s znteres�in th� Property andlar rrghts under thzs Security Instrument �such as a
<br /> praceed�ng�n bankruptc�,pr�ba�e,for condemnati�n or fo�rf�i�ure,for enforcement of a I�en vvhiGh may atta�n prio�ifiy '
<br /> o�er thls Se�urity�nstrum�nt or t�enfarce laws ar re�ulat�ons},ar�c}�orr�vver has abandoned#he Pr�perty,�h�n Lender -
<br /> NEBRASKA-Single Family-Fannie MaelF�eddie Ma�UNlFQRM INSTRUMENT with MERS F�rm 3028 ����
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<br /> �o�,!�`�' Borrowe��s}Initiais ��� .
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