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. 2� 1 �� 1853 <br /> AlI insurance policies required by Le�.der and r�ne�ra�s of such pfl�icx�s shall�e sub�e���o Lender's righ�to <br /> disappr�ve such polic�e�, sha�� �nc�ude a sta�a.dard mor�gage clause, and shal�name Lend�r as mor�gagee <br /> andlor as an additiona� loss payee. Lend�r sha��ha�e�he righ�t�ho�d the po��cx�s and r�nevvai cert�fica�es. �f <br /> Lend�r requ�res, Bflrrower sha��promp��y gi�e�o Lender all rece�pt� �f paid premiums an�renewal no��ces. <br /> If Borrower�btains any form of�nsurance coverage, no�o�herwise requ�red�y Lender, far damage to, or <br /> destru���on�f, �he Praper�y, such po��c�sha�� �ne�ude a standard mor�gage c�ause and shai�name Lender as <br /> m�rtgag�e andlor as an addi�iana� �oss pay�e. <br /> �n�he even�of�oss, Barrov��r sha11 give promp�not�ce to the insurance carr�er and Lender. L�nder may <br /> xnake proaf af�ass if no�made prampt�y by Borrower. Uni.ess L�nder and Borraw�r otherw�se agree�r� <br /> wr��ing, any insuranGe praceeds, whether or no�the under�y�ng insurance was required�� Lender, shal� be <br /> applied to restorat�on or r�pair af the Proper�y, �f the res�orat��n ar repair i� econ�mical�y feasib�e and <br /> Lender's se�urity is n��lessen�d. During such repair and res�orat�an p�riod, Ife�de�r sha�i have�he right�o <br /> ha�d such insuranc�pro��eds unt�� Lender has had an opportun�t�r ta �nspec�such Pr�per�y t�ensure the <br /> work has been�amp�eted��Lender's sat�sfact��n, pro�r�d�d tha�such inspec��on shai�be under�aken <br /> promp�x�r. Lender ma�disburse prac�eds for the repair�and restoration in a s�ng�e paymen�or�n a ser�es af <br /> progr�ss pa�mer�ts as the work�s completed. Unless an agr�ement is made in writ�ng flr Appl�cab�e Law <br /> requires interest to be pazd on su�h insuranG�praceeds, L�nder shai�not be required to pay Borr�wer any <br /> �nterest ar earn�ngs on such pr�ceeds. Fees f�r pu���c ad�us�ers, or other�hird par�ies, re�a�ned by B�rrower <br /> sha��not be paid out of the insurance praceeds and shall be the s�le obiiga���n af Borr�wer. �f the res�ora�ion <br /> or repair is not economica�ly feasibl�or L�nder's security w�u�d be lessened, the insuran�e proceeds sha11 be <br /> applied�o�he sums secured b��his Secur�ty�ns�rumen�, whether�r not then due, wi�h�he exc�ss, if any, <br /> pa�d�o Borrower. Such insurance pro�eeds shaii be appli��in�he order pro��ded for in Sect�an 2. <br /> �f Borrower abandons the Praperty, I.�nd�r may f�le, negot�a�e and sett�e any availab�e�nsurance�laim and <br /> related ma�ters. �f Borrower does na�respond vvith�n 3�days�o a not�ce fram L�nder��aat�he in�uranG� <br /> carrier has offered�o se���e a cla�m., �hen L,ender may negot�ate and se�tle the c�a�m. The 3�-day periad v�r�X� <br /> beg�n when�he no�ice is gi�en. In ei�er e�en�, or�f Lender acquires the Proper��under Sec�ion��or <br /> at�.erwise, B�rr�wer hereby assigns�� L�nder�a} B�rrower's r�gh�s to an�insurance proc�eds in an amount <br /> n�t�o exceed�he anzoun�s unpaid under the No�e or this Secur�t� �ns�rumen�, and �b} any�th�r of <br /> Barro�ver's righ�s �other than the right�o any refund of ux�earned premiums paid by Borrower}under a�� <br /> in�urance poiici��covering�he Property, insofar as such righ�s are app�icabie to�he�ov�rage of the <br /> Proper�y. Lender rna�use the insuranc�proceeds ei�her to repa�r or res�ore the Proper�y or�o pa�amounts <br /> unpa�d under the Na�e or�hxs Secur�ty �ns�rument, whether or not�hen due. <br /> �. Dccupan�y. Borrower shal�oGcupy, es�a�lish, and use the Praper�� as B�rrow�r's pr�ncipa� res�dence <br /> wi�h�n 5�days after th�execution of this �ecurity�nstrumen�and sha��continue to occupy the Proper�y as <br /> Borro�ver's princ�pa� residence for a�1eas�nne year after the da�e�f accupancy, unless Lender otherwis� <br /> a�rees in wr�t�ng, which�onsen�sha�� n�t be unr�asonably wi�hheld, or un�ess ���enua�ing c�rcumstances <br /> exist which are be�rond Borrow�r's contro�. <br /> 7. Preser�ation, Ma�ntenance and Prat�ction af the Pr�perty; Inspections. Borraw�r sha11 no�destray, <br /> damage�r�mpair�he Pr�per�y, ai��w the Pr�per�y to de�er�ora�e or camn�it wast�on�he Prnper�y. Whether <br /> or not Borrower�s res�ding in the Praper��r, Borra�ver shall main�a�n the Prflp�r�y in order to preven�the <br /> Pr�per�y fro�m d���r�orating or d�cr�as�ng �n value due�� i�s candition. Unless it�s dete�nlined pursuant�o <br /> Secti�n 5 that repair or res�ora�ion is no�econo�.ca��y feasi��e, Borrower shall promptl�repa�r the Pr�p�r�� <br /> if damaged ta a�aid fur�her det�r�oration ar da7mage, �f insurance or candemnatian praceeds are paxd in <br /> cannect��n with damage to, or�.he tak�ng of, �he Praper��, Borrower shai�be responsi��e for repairing or <br /> restoring�he Proper�y on�y xf Lender has re�ea�ed proc��ds for su�h purposes. Lender may disburse proceeds <br /> N�BRASKA-Singie Family-Fannie MaelFreddie Mac UNtFURM(NSTRUMENT Farm 3D�8 71�� <br /> VMP p VMP6�NE)t'�3Q2) <br /> Walter5 K€uwer�ina�cial Ser�ices Pag�7�f 17 <br />