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2� 1 ����55 <br /> A�1 �nsurance polic�es required b�L�nder and renewals of such p�licies shal�be subjec�to Lender's right to <br /> disappra�e such polic�es, sha�� inc�ude a standard�nortgag�c�ause, and sha11 name Lender as mor�gagee <br /> andlor as an addit�ona� �oss payee. Lender shal�ha�e the r�ght�o ho�d�he po�icies and renewa� cer�i�ca�es. �f <br /> Lender requir�s, Borrawer shall prom�.pt�y�xve to Lender a�I rece�pts of pa�d premiums and rene�ra�no�i�es. <br /> If Borrawer a�taxns any for�n of insurance c��erage, n��o�herwise requ�red by Lender, for damage to, or <br /> destruc�ion af, the Proper�y, such policy sha�� in��ude a standard mar�gage c�ause and sha�I name Lender as <br /> mor�gagee andlar as an addit�onal loss pa��e. <br /> �n�h�e�ent of iflss, Borrower shall gi�e prompt n�tice�o the insuran�e carrier and Lender. Lender may <br /> n�ake pra�f af loss if nat made promptly by Borrovver. Unless Lender and Borrower o�herv��se agre��n <br /> wr�ting, any insurance proceeds, whether�r not�he underly�ng insurance was required by Lender, �hall be <br /> app�ied to restflra�ian ar repair of�he Property, if the restoration or repair is economi�a��y feas�b��and <br /> Lender's se�urity is not less�ned. During su�h repair and restara�ion�eriod, Lender shai�ha�e�he r�ght to <br /> ha�d such insuranGe proceeds unti� Lender has had an app�r�unity�o �nspect such Proper�y to ensure the <br /> w�rk has been camp�eted to Lender's satisfact�an, provided that such �nspec�ion sh�ll be undertaken <br /> promp�ly. I,�nder may d�sburse proce�ds for�he r�pa�rs and res��ra�xon�n a single payment or�n a series of <br /> progr�ss pa}�men�s as �he w�rk �s completed. Un�ess an agre�rnen��s made in wr���ng or Applicable Law <br /> requires �n�eres��o be paid on such in�urance proceeds, Lender shall not be required to pay B�rr�wer any <br /> in�e�-est or earnzngs on su�h pr�ceeds. Fees for pub�ic ad�ust�rs, or o�her third parties, retained b}� Borrower <br /> sha11 not be paid out of�he insurance pr�cee�.s and shall be the sole��Iigat�on of Borr�wer. �f the res�aration <br /> ar repair is not ecnnom�ca��y feas�ble or Lender's secu�ity wou�d be lessened, �he insurance proceeds shall be <br /> app��ed�o�he su�ms secured by this Security �nstrument, v�h��her or no��hen due, with�he excess, �f any, <br /> paid t� Borrower. �uch �nsurance proceeds sha��be appl�ed in�he arder provided for�n Section 2. <br /> �f Barrow�r aband�ns �he Prflper�y, Lender may fi�e, negot�ate and s���Ie any avai�a�le�nsurance claim and <br /> re�a�ed mat�ers. If Borrower does n��respond with�n 3�days�fl a noti�e fron�Lender that the insurance <br /> �arrier has�ffered to sett�e a cla�m, then Lender ma�n�got�ate and sett�e the c�a�m. The 34-day period�vi�� <br /> begin v�rhen th�noti�e is g�ven. �n ei�her e�en�, or�f I.�nder acqu�res the Proper�y under Sec�ion�2 or <br /> otherw�se, Borrow�r hereby assigns to Lender�a} Borrower's righ�s to any insurance�roceeds in an amoun� <br /> not�o exceed the amaunts unpa�d under�he Not�or t�is Se�ur��y Instrument, and�b} any other of <br /> Borrower's righ�s ��ther than the righ��o any r�fund�f unearned premiums paid by Borrower}under all <br /> insuran�e policies c��ering�he Proper��, ins�far as such rights are applicab�e to�he c��erag�nf the <br /> Proper��. Lender may use the insurance proceeds��ther to repa�r or restore the Proper��or ta pay amounts <br /> unpa�d under the No�e or this Se�uri�y �nstrumen�, whe�her or nat�hen due. <br /> �. �ecupancy. Borrou�er shaii occupy, �s�abiish, and use the Propert�as Borrav�rer's prin�ipal r�siden�e <br /> w��hin��da�s after the execution of this Security Ins�rument and sha11 continue to accupy the Property as <br /> Borrower's principal res�dence for a�least ane year after the date of occupancy, unless Lender othe�-vv�se <br /> agrees in v�ri�ing, whi�h consent sha11 not b�unreasanably wi�hheld, ar unless extenuatin�circums�ances <br /> exist v�hich are b�yand Borrflwer's�tintro�. <br /> 7. Preser�at�an, Maintenance and Prfltect�on �f the Property; Inspect�ons. Borrower sha11 not destroy, <br /> damage or impa�r�he Pr�perty, a��aw�he Property�o de�eriora�e ar cQmmi�waste an the Property. �Vhe�her <br /> or not Borrovver�s r�sid�ng in the Proper�y, Borrow�r shall main�ain the Proper�y in order to preuen�the <br /> Proper�� from deter�ora��ng or decreasin�in va�ue due�o its condition. Unless it�s determine.d pursuant�o <br /> Section S �hat repa�r or res�ora��on�s n��econ�mica�ly f�asib��, Barr�wer sha��pr�mptily r�pair the Prop�rty <br /> if damaged t�a�a�d furth�r de�eriora�ion or da.mage. If insuranc��r condemna�ion p�-�ceeds are paid�n <br /> connection with damage to, or the taking�f, the Proper�y, Barrower shalt b�responsible fflr re�air�ng�r <br /> res�oring�he Proper�y only if Lender has re�eas�d prac�eds far su�h purposes. Lender may dis�urse proceed� <br /> N�BRASKA-5ingie Family-�annie Ma�I�r�ridie Mac UNIFqRM 1N5TRUM�NT Fvrm 342�#10� <br /> VMP[c� VMP6tN�;�13�Zj <br /> Wolters Kluwer F'snancia!5�r�ices Page 7 of i 7 <br />