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2� 15�77�4 A�l �nsurance palic�es r�quired�y Lender and renewais of such policies shall be subj ec�to Lender'� right to disapprove such p��c�es, shal� xn��ude a standard mortgage��ause, and shall nam�L.ender as mar�gagee andlor as an addz�iona� loss payee. Lender sha1�have the r�gh��o hald�he p�lic�es and renewa�cer��f�cates. If Lender requxres, Borrower sha11 promptly give�o Lender a�� receipts of paid premiums and renewal no��ces. �f B�rrower�btaxns any form af insurance co�erage, nat otherw�se required b� Lender, for damage�a, or destruction of, the Proper�y, such policy shall include a s�andard mor�gage clause and shall naame Lender as mar�gagee andlor as an addi�ianal loss payee. �n�he�vent of�oss, Borrov�er sha��gi�e prampt notice to�he�nsurance carrier and Lender. I.,�nder may make pr��f of�oss �f n��made promp��y Borrower. Un��s� Lender and Barrawer oth�rw�se agre��n writing, any �nsurance prflceeds, whe�her or r�o�the underlyxng �nsurance was requ�red by I.ender, shali be app�i�d�o restora�ion ar repa�r of the Proper�y, �f the restora�xon�r repair��econamical�� feasi��e and Lerider's security �s no��essened. Dur�ng such repair and resforat�an per�od, L�nd�r sha��have the right�o ho�d such insuran�e prac�eds un�ii Lender has had an oppar�uni�y to �nspect such Proper�y ta�nsure�he w�rk has been comp�e�ed to I�nder's sa�isfaction, pr�vided tha�such �nspec�ion shail be under�aken pram�tly. Ilender may disburse proce�ds for�he repa�rs and restora�ion�n a sxngle payment or�n a series of progress paymen�s as the v�rorl��s camp�eted. Unless an agreement �s made �n wr�t�ng or Appl�cahle Law rec�uires in��res��be pa�d�n such�nsurance procee�s, Lender sha1�n�t be required t�pay Borrawer any in��rest or earnings on such proCeeds. Fees for public adjus�ers, or other third parties, re�ained by Barrower sha��no�be paid out af�he insuranc�proceeds and shali b��he sa�e ab��ga�ion af Barrower. �f the restoration or repair is nat e�onomicaliy feas��Ie or I.lender's secur��y v�ould b��essened, �he�nsurance proceeds sha��be app��ed�o the sums secured by th�s Security Instrument, whether or nat�hen due, v�ri�h�he exc�ss, �f any, pa�d�o Borrower. Such�nsurance proceeds shal�be app�ied�n th�order pro��ded f�r in Se�t�on 2. �f Barrower abandons the Prop�rty, Lender n�.ay f��e, negatia�e and se�tle any a�az�able�nsurance claim and related matters. �f Borrov�er does not respond within 3�days to a na��e from Len�er that�he�nsurance carr�e�r has offered�� sett�e a c�aim, then Lender may neg�t�a�e and settle�h�c�a�m. T�e 3�-day per�od will beg�n when the nati�e i�given. �n�i��er e�rent, flr if I.�nder acqu�res the Proper�y under Se�tian 22 or O�hel`VV�S�'.y Borrawer hereb�assigns to I.�nder�a} Borrflwer's r�ghts ta any insura�ace proceeds �n an am�unt no��exceed�he amounts unpa�d under�he Note or th�s Secur�ty �nstrum�n�, and�b} any other of Borrower's rights �o�her than�he righ�to any refund of unearned prem�ums paid b�Borrower}under a�� �nsurance pa�icies covering�h�Proper�y, �nsofar as �uch rights are app��cable��he co�verage af the Proper��. Lender ma�use the insuran�e proceeds ex�her t� repair ar restore the Pr�per�y or to pay amaun�s unpaid un�.er�he Note ar th�s Secur�ty Ins�rumen�, v�he�her or no��hen du�. 6. D�cupan�y. Borr��er sha�� accupy, establ�sh, and use the Proper�� as Borrawer's princ�pal residence wi�h�n�4 days after th��xecu�ion of thzs Secur�ty Ins�rument and sha��con��nue t��cup�r the Property as Borrav�er's principa� resid�nce for at leas�on��ar after�h�dat�of occupanc�, unless Lender otherwise agrees �n wri�ing, v�hich consent shaii not�e unr�as�nably withheld, or un�ess extenuat�ng cxrcums�ances exist which ar�beyond B�rrav�er's contro�. 7. Preser�ation, N[a�ntenance and Prvtectivn of the Property; Inspect�ons. Borr�wer shall not destroy, damage or�mpa�r the Prop�r�y, a��ow�he Property to deter�ora�e or c�mmit waste on the Proper�y. �hether �r not Borrovwer is resxd�ng in the Proper�y, �orra�ver shall main�ain th�Property �n order to prevent the Prop�r�y from de�eriara�ing ar de�reas�ng �n�aiue due�o i�s condi�ion. Un�ess i�is deter�nined pursuan�to Secti�n 5 tha�repair or restara�ian is no�econorni�ai�y feasibl�, Borrower sha��promptly repa�r the Proper�y �f damaged to avoid fur�her deteriorat�on or da�m.age. �f�nsurance�r condemna��on proceeds are pa�d �n cor�necti�n vvith damag��o, or�he�aking�f, �he Praper�y, Borrovver shall be resp�nsible for repairing or res�flring�he Proper�y only if Lender has r�Ieased pr�ceeds f�r such purposes. Lender may disburs�proceeds NEf3RA5KA-5ir�gle Family-Fanni�MaelFr�ddie MaG UNIFQRM fNSTRUM�NT �orm 34�8 i 1�3 VMP[� VMP6{N�}t13�2Z Walters Kluwer Financial Ser�ic�s Page 7 of i 7