2� 15�7�88
<br /> ` amaun�s sha��b�ar ir��eres#a�the N���ra�e fr�rn�he date�f dis�burs�men��nc��I�a�I ��p�y�b��, ���h such in�ere��,
<br /> �x�o�no�ice fr�m Len�e�-ta BorravY��-re��es�ing�a�r�ent.
<br /> A�� insurance p�����es re���red h� ��nd��-and rer�e�a.�s�f suc� po�ic�es shal� �e su�,���� to Lender'��-ight to
<br /> dis�ppro�e s�ch p��i�:xes, sha�l inci�d�a s�an�.ard mor�gage���.use, and shali name�,ender�s�nor��agee andlor as�n
<br /> ��di��ana� �oss pa�yee. ��n�er shall have�he rig�����.o�c��h�policies and ren�wa� �er���c�tes. I�L��.�e��er�u�r�s,
<br /> B��-�-o��r s�a.11 p�o�p���give�o�end�r a�l�eceipts�f�aid premiums an�rer��v�a�na��ces. If��rr�u��a�o��a�ns a�;�
<br /> �ar�❑f ins�.rance c�v�rag�, �a�ath�r��i�e required by Ler�de�, for�ama�e�a, or des�r��t�on o�, �he Prop�r�r, such
<br /> ���ic� sha�� inc�ude �s�ar�dard�or�gage clause and sha.I� name Lend�r as martgag�e ar�d�flr as an addi�ionai loss
<br /> payee.
<br /> In�h�ev�n��f loss, �ar�a�r��sha��giv��r�rn���n�tic�t���e insura��e�a�-r�er and�.ender. �.ender Fr�.a.y make
<br /> p�oof o�'loss if na� r�ade�r�m���y b�Borra�nrer. �..�n�es� �.ende���.c� Bor�v�v�r otherw�se agree i� �ri�ing, an��r
<br /> �r�sura�ce pr�ceeds, r�het�er�r�o��he underl�i���nsura�ce�ras�-�qui���by L��de�, sha��be app��ed�o res�ora�ian
<br /> � or�epai�of�h�Praper�y, �f th�res�ara�aan or r�pair is e�a�ar�i�a�ly feasib��and�ende�-'�se��r���s no�Iessened.
<br /> Duri�g su�h repair and res�o�-ation��rititl, Len�er shail have�he r�gh��o ho�d�u�h insuran�e p�acee�s un�il Lend.e�
<br /> has had an Qpp�r��ni�r �v inspect su�� �'ro�ert� �o ensure the �vork has�een �amp�e��d to i�ender's sa�isfa�tian,
<br /> provided �hat such in�pectian sha�� be under�aken pramp�ly. Lender ma�disburs� pr�ce�ds for �h� �-�pai�s and
<br /> restQratio�ir��sing�e pay�ment or in a series�f p�ogr�ss paym�n��as�h�work���ox���e�ed. �nles��n agreement
<br /> is mad�in�vxiting or�lppiicabie L��r re�u��es in�ere�t�o b�pa�d�n�such ir�suz-ance pr�c�eds; lLendea�sha�� n��be
<br /> requir�d�a p�y Bo�r�wer any�n�eres�a�-�a�-r�ia�gs an such proceeds. �e�s�a�publz�adjus�er�, or��her�h�rd�art�es,
<br /> r��ained�y Borro��r s��il�o�be�aid out of t�e ia�suxa�ce proceeds a�.d sha�� be�he sa��ob�igatian of��rr��ver.
<br /> rf���restara��on�r repa�r is n�t z�on�mical��fea�ib�e�r Lcnder's security�vouid be�essened�,��e insuranc�proceed�
<br /> sha�l be appiie��v the��arris se�ured by�his Security�ns�run�ent,w����h�r or n��.�hen due,wi���h�exeess,if a��,pa��
<br /> t�Bor�-c�v�er. .Such insuranc��r�c���s sha��be a�p�ied i���e�r��r�ro�ride�far in Sec�ian�.
<br /> �f Ba�-r��ver aband�ns �he Pr�per�, L.endz��ma� f Ie, negot�a�e and se�ti� an�r �.va��ab�e i�su�rar�ce c�airr�an�
<br /> r rcla�ec�mat�ers. �f B�r�-��v�r��es not respo��wi�h�r�3�da�s�o a notic��rom Lend��t�at the insurance c�rri�r has
<br /> �ffered�4 se��le�.claim, �h��Le�ader�na�neg��ia�e �nd s��t�� t�e cla��. The 3Qwday perio�. �vi�i begin�h���he
<br /> no�ic��s given. �n eithe�event, o��f�.ender acquires�he�'ro�a�rt�uz����-Sec���n���r��h�r�ise, Borr���er here�y
<br /> as�i�ns�o L�nder�a��orro�aer's�igh�� ��any insu�an�e�roceed�in an amount nQ�ta e�Geed�he amoun�s unpai�
<br /> unde�-�he�a�e�r�h�s Se�urit��ns�rumen�, and�b�any��h�r of]B��ro�e�-'s rights�ather��an�he ri�h��o any�efun�
<br /> flf unearned premiunr�s pa�d hv�3�rr��er�under a�l insurance�olic�es �averirig the PrQper�, ins�far as�uch�ights
<br /> are ap��icab��to�he cover�ge�f the Pra�er�y. i�en�er rnay�se fhe insurance pra�eeds ei��er�fl�-epair�r restore the
<br /> Pro�er�ox to pay amoun�s�npa�d under the�a�e ar t�is 5���.z-��y�ns�rumerzt, w�e�h�r�r�.fl���ien due.
<br /> 6d �ccu�aane�e B��ra��r s�al� ��cupy, �s�ab�i��; �nd use�he Pr�pe��y as�or�a�ver`s p�r�nc�pa.l resid�nce
<br /> �vit��n�D day�af�er�he e��cu��on fl���.is Se�uri��n���urnen�and s�al�can�inue�o occup��h�grope�-t�r as��rra�r��r4 s
<br /> �rincipa�resi�ence for a�l�ast�ne year a��e�t�e date af accupancy,u��ess L�nder a�he�-v�ise agr�es i�wr�ting,��ich
<br /> �onsen�sha�i nat be un�easonabl�wi�hheld, or unless�x��n�ating cir���s�ar�c���xist u�hich are beyond Borraw��-'s
<br /> c�n�r��.
<br /> r
<br /> �. �'reser��.�ian, Ma�nfe�ance�n��rote��i�� �f�he ��-�per�y; �n�p��c���ns4 Borra�nr�r shal�n��des�-ay,
<br /> dan-�age ar�mpai��he Proper�y, a�la�v the Prop�rty��de�er�ora�e��-cflmrr���waste�n�he Prc��erty. ��ether o�ngt
<br /> �arr���e�-is re�iding in �he P�v}�er�y, Bor�-o�,r��-shal� m��n�a�n �h���roFe��y in€�rd�r�o prev�n�the P�op�rt�r frorn
<br /> de�er�ora�ing��-c�e�reasing��value due ta i�s�ondi�ion. �Jn�ess it�s d�#�r�ined pu�-suan��o Se���an��hat repa�r o�
<br /> res�orati�n is �o� e�ona�x�.ica�ly f�a��b��, �arra��er sha�l pr�mp����epa�r �he Pr�per� if da�aged tv a�r�id fur��he�
<br /> deter�Qration or da�-r��.g�, �f�nsuranc�ar candemna�i�n prace�ds are paid in conn�c�ion wi�h darr�age�o,�r�he�aking
<br /> �f, ��e Pr�pert�, ��rr��v�r s�a�l �e�es�an�sib�� �'or r�pa�ring��re��o�-ing���Pro�erty vr��y if Lender has released
<br /> praceeds�or s��ch�aurpfls�s. Lende�-may t�ish�ars�p�nce�ds�or�he re�a�rs and res�or��ian i�a single�a.��en�or�n
<br /> a s�er��s of pro��-ess pa�m�n�s as the work as comp�e�ed. �f�he�ns�ra.n.�e o����demna�ion prQ�eeds a�-e�ot�€�f�'ic�ent
<br /> �a r�pair�r�-esta�e�he Prapert�, B�r�o��r is no�re�ieved of Borrower's abligat��n ffl��h�cor�p�etion��'suc���p�.i�-
<br /> �r r-�stora.�iQn.
<br /> �
<br /> NEBF�SKA-Single Far�t€f��--�annie �Vl�aelFreddie Ma� UNIF�RM INS"�RUMEN� �a��������
<br /> Fc�rm 3Q�8 1�D� Page 6 of �4 www_t�orrrragi�.�arr�
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