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2� 1 ��3135 <br /> A�� insurance po�icies required by Lender and renewals�f such pol��ies sha�l be subj��f t� Lender's right ta <br /> disappro�e such p�l icies, sha�l include a standard mortgage clause, and shall name L�nder as mar�gagee <br /> andlar as an addi�iona�Ioss payee. Lender shall have the r�gh�to ha�d�he pol�c�es and renevval �er�ifica�es. �f <br /> Lender r�quires, Borrovver sha11 promp�Iy gi��to Lender all receip�s of paid prexx�iums and renewal n��ices. <br /> �f Borra�er a�ta�ns any form of insurance coverage, not otherw�se requ�red by Lender, for dama�e�o, ar <br /> destruction of, the Propert�, such policy shall �nclude a standard�nor�gage clause and shal� name Lender as <br /> mortgag�e a�.dlor as an additiona� l�ss payee. <br /> In the e�en�of 1�ss, Borrower sha�� give pr�mpt not�ce to the insurance�arrier and Lender. Lender may <br /> make proaf of�oss if n�t made promptly by Borrflv�►rer. I.�n�ess Lender and Borrower❑thervvise agree in <br /> wr�ting, any insurance proce�ds, whether o�-not th�underlying Xnsurance t��as required by Lender, sha�� be <br /> applied to restorati�n or repair of�he Praperty, if�he res�ora�ion or repair�s econo�m�cally feasible and <br /> Lender'S S�Cur��r �S not l�s5ened. Dur�n� such repa�r and res�oration period, Lender shall ha�e�he right to <br /> hold such insurance proceeds unfil Lender has had an opportunity ta�nspec�su�h Prflper�y�o ensur��he <br /> ��ork has been completed to Lender's sa�isfactian, provided�hat such �nspec�ion shail be u�d�r�aken <br /> pro�npt�y. I..�nder may disburse praceeds for�h�repa�rs and res�orati�n in a sing�e paymen�or in a series of <br /> pragress paymen�s as�he work is�o���e�ed. Unless an agreernent is made in wri�ing or App�i�abi�Law <br /> requ�res in�eres��o be pa�d on such insurance pra�eeds, Lender sha��no�be requ�re.� to pay Borravver any <br /> in�erest ar earnings�n such proceeds. Fees f�r pub�i�ad�usters, or other�hird parties, retained by Borrovver <br /> sha�� not be paid out of�he insurance pr�ceeds and sha��be the sole obligatian af Borrower. �f the res��ratifln <br /> flr r��air�s n��ec�no�nically feas�ble ar Lender's securi�y would b��essened, �he insurance proceeds sha�� b� <br /> appi�ed�o�he sums se�ured hy this Security �n��rumen�, whe�her or no��hen du�, �vi�h the ex�ess, if any, <br /> paid ta Bflrrower. Such insurance proc�eds shali be appii�d in th�order provided for in Sec��on 2. <br /> �f Borra�rer abandons�he Property, Lender may fle, nego�iate and se��le any available�nsurance claim and <br /> related ma��ers. �f Borrower does not respond within 3�days �o a no��ce fr�m Lender�hat the insuran�e <br /> carrier has offered to se���e a��aim, then Lender may nega�ia�e and se�tle�he claim. The 3�-day periad wi�1 <br /> begin when the no��ce is gi�en. �n ei�her e��nt, or if Lender acquires�he Property under Section Z�or <br /> otherw�se, Borrawer�ereby ass�gns t� L�nder�a} Borrower's r�gh�s to any insuran�e pro�eeds�n an am�unf <br /> nat to exce�d�he amounts unpaid under�he Note or th�s Security �nstrument, and�b} any other of <br /> Barro,v�rer's rights �ather�han the right t�an�refu�d�f unearned premiums pa�d by B�rrower�under alI <br /> insurance p�licies�overing �he Property, ins�far as such r�ghts are applicable t�the co�erage flf�he <br /> Pr�per�y. Lender may use�he insurar�ce pr��eeds e��her to repair or res�ore�he Pr�per�y or to pay amounts <br /> unpaid under the Note or�his S��urit�r �nstrumenC, vvhe�her or not then due. <br /> �. C]ccupancy. Barrov�er shal��ccupy, estab�ish, and use the Pr�perty as Borrot�rer's pr�ncipal residen�e <br /> wi�hin��days after�he execu�ion of�his Secur�ty �nst�ument and shall cont�nue�o occupy th�P�-oper�y as <br /> Borro�er's principa� resid�nce for at leas�one year after�he date�f occupan�y, unless Lender oChe�-�vise <br /> agre�s in wri�ing, vvhich conserit shall n�t be unrea�onably vvithhe�d, or un�ess ex�enua�xng c�rcumstances <br /> exis�which are beyand Borrfl��r�r's c�n�ro�. <br /> 7. Preservatian, Mainter�ance and Protectian of the Property; �nspectiflns. Borrower shal� n�C des�ray, <br /> damage or impair the Proper�y, a�1ow the Property �o deter�ora�e�r commi�waste on Ch�Praper�y. �heth�r <br /> or n�t Borr�wer is res�ding�n the Pr�per�y, Borrovver sha�� n�aintain th�Pr�per�y in arder to pre�r�nt the <br /> Property fr�m deteriorating�r d��reasing in �alue due�o it��o��ditian. Ur�less it is determined pursuan��� <br /> Se�t�an� �hat repair or restarat�o�� is not economical�� feasible, Borrovver shal� prompt�y repa�r the Proper�y <br /> if damaged��avaid fur�her deteriorafi�n�r dam�age. �f�nsurance ar condemna�ion praceeds ar�paid in <br /> connection t�v�th damage to, ar the takin�g of, ���e Proper�y, Borrower sha�l b�respflns��le for repairing or <br /> restarin� �he Pr��er�y onl� if Lender�as r�l�ased proceeds far such purposes. L�nd�r may dzsburse praceeds <br /> NE6R�SKA-Si�g1e�amify-Fannie Mael�redr�I�Mac UNIF�RM INSTRUM�NT �vrm 3�28 i 101 <br /> VMP� VMP6�NE3(1302) <br /> W�Ifers Kl�wer�ir�ar�ciaf S�r�ic�s Page 7 vf 17 <br />