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��15��7�5 <br /> A1� insurance pflii�ies requir�d by Lender and renewals of such policies sh�l�be subje�t to Lender's righ�to <br /> d�sappr�ve such po�xci��, shall inc�ud�a s�andard mnrtgage clause, and sha�l name Lender as���ortgag�e <br /> andlor as an additx�na��os�p�ye�. Lender shal�have�he right�o hoid�h�pa�icies and renewal c�rtificates. �f <br /> I.end�r requires, B�rraw�r shaXl prarnptly gi�e to Lender a�� rece�pt�flf pa�d premiums and renewal nai:ices. <br /> If Borrower�b�airis�ny f�rm of znsurance�flverage, not ath�rwise required by Lender, f�r dama��t�, or <br /> destruc�ion af, �h�Prop�rty, su�h p��xcy sha�� inc�ude a s�andard mortgag�claus�and shall na�ne Lender as <br /> mor�gagee andlor as an addit�ona�lass payee. <br /> In�he e�ren��f ioss, Borrow�r sha�i ��ve prompt no�ice ta th�insurance carr�er and Lender. Lender may <br /> make proof of Ioss if not made promptly b�Borrawer. Unless Lender and Borrow�r o�hervc��se a�r�e in <br /> v�rri��n�y an� insuran�e proceeds, v�rh�ther or not the under�y�ng �nsuranc�was required b�Ler�der, shal�be <br /> app�ied to restaration or repa��r of�h�Proper�y, if�he restoratian�r repair is econornica��y feasible a�d <br /> Lend�r's se�uri�y�s not Iess�ned, Dur�n�such repair and restorat�on period, Lender shali ha�e ihe righ�to <br /> hold such insurance proceeds un�i� Lender has had an�ppor�unity to�nsp��t such Praper�y ta ensure the <br /> w�rk has been completed ta Lender's satisfaction, pravided that such�nspectian shall be und�r�aken <br /> prornptly, Lender may disburse proceeds for the repa�rs and restorat�on in a sing�e payment or in a seri�s of <br /> pro�ress pa}�ments as the wark is c�mpleted. Unless an agreemen�i�made in writing or Appiicabie Law <br /> requ�res�nterest to be paid on such insurance praceeds y Lender sha�l not be required�o pay Borrower any <br /> interest�r earnings on such proceeds. Fees for pub��c adjusters, or other th�rd par�ies, r�tained by Borrov�er <br /> shai�nvt be pa�d ou�of the insurance prace��s and shall be the sole o�l�gat�an of Borrower. If�he r�s�ora��on <br /> or r�pair is not ecanamical�y feasible or Lend�r's secur�t�would be�essened, �he insurance proceeds sha��be <br /> applied to the su�ns s�cured�ay t���s Se�uri��Ins�ru�n�nt, �rh�ther ar nat then due, with the excess, if any, <br /> paid to Borrower. Such insuran�e pr�Geed��hall be app�ied in�he order proWided for in Section�. <br /> If B�rrower abandons the Proper�y, Lender may ��e, n�got�a�e and s�ttle any a�ailable�nsurance�laim and <br /> related matters. Zf Sorrawer do�s n�t respond�v�thin 30 days�o a notice frarn Lender that the�nsurance <br /> carrier has offered to se�tl�a��a�m, �hen Lender may nego�iate and set��e the claim, The 3�-�da�per�ad will <br /> begin when�he n��ice is giv�n, �n�ither e�ent, �r if Lender acquires the Property under Se��ian��or <br /> otherwzse, Bor�raGver hereby as��gns�o Lend�r�a} B�rrawer's r�ghts�� any irisuran�e p�oce�ds in an am�unt <br /> no�to exceed�he amounts unpaid under�he�at�or�his S�curi���nstrum�n�, and�b}a�ny��her of <br /> Borro�ver's rights�other than the right to any refund af unearned prem�urns�aid by Borrov��r�un�er all <br /> �nsurance po�icies cv�ering the Property, insofar as such righ�s are applicable to the eavera�e�f�he <br /> Prop�rty. Lend�r may use the�nsurance proceeds ei�her ta repair or restore�he Proper�y or ta pay am�unts <br /> unpaid under the�a��or this Secur����ns�rument, whe�h�r ar not then due. <br /> 6. �ccupar�cy. Borrow�r shali occupy, esta�lish, and us��h�Prop�r�y as Borraw�r's pr�ncipai residenc� <br /> wi�hin 6D days after th�exeCutian of th�s S��uri�y�nstrument and shall �an�inue�o accup� th�Pr�p�rty as <br /> Barr��ver's principai res�dence for a�Ieast�ne year after the date of accupancy, un�ess Lender ath�rwis� <br /> a�r��s in v�ri�ing, vvhi�h c�nsent sha�I nat�e unreasonab�y u�ithh��d, or uniess ex�enuating��rcu�nstat�ces <br /> exist which are bey�nd B�rr�vver's can�ro�. <br /> 7. Preser►►atinn, Ma�ntenance and Pr�#ectivn ❑f�ne Praperty; 1ns�ections. B�rrower sha�� nat destroy, <br /> damage or impair the Property, ailav��he Proper���o de�er�orate or comrnu�waste an the Pr�perty. �Vhether <br /> or no�Sorrow�r is r�sidin��n�he Proper�y, Borrower shall mainta�n th�Property in order tn pre��nt�he <br /> Property from deteriox�a�ing flr deGreas���g ����a1ue due to its conditifln. Unless i�is determined pursuan��4 <br /> 5ect��n 5 that repair or restoratian is not�c�noxni�al�y feasible, Sorrower shail pramptly repair�h�Proper�y <br /> �f da�naged t� avoid fu�ther d��erioratian o�-dam.age. �f�nsura��ce or condemnation proceeds are paid in <br /> conriecti�n w��h damage to, �r th�taking af, the Property, Borrower sha�X be responsible for repairing ar <br /> res�oring the Property on�y if Lender has r��ea�ed pro�eeds for su�:h purposes. Lender ma�d�sburse proceeds <br /> NEBRASKA-5ingle Farnf�y-Fannie MaelFreddie Mac UNIFQRM INSTRUMENT Form 3028 1101 <br /> VMP� VMP��NE}(13�2a <br /> Walters K#uwer Financial Ser�ices Page�af 1� <br />