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2� 1 ��315�
<br /> additional loss paye�. Lender shali have the right to hold the policies and ren�tival c�rtificates. If L�nder requires,
<br /> Borrower shall pr�mpt�y gi��to Lender a�l receipts of paid prem�ums and r�newal notices.If Borrow�r obtains any form
<br /> of insurance coverage,not otherwise r�quired by Lender,far damage to,or destru�tion of,the Property,such policy shall
<br /> �nclude a standard m�rtgage clause and sha11 name Lender as mortgag�e andlor as an additronalloss payee.
<br /> In the event of loss,Borrower sha11 gi�e prarnpt n�tiice to the insurance carrier and Lender.Lender may make proaf
<br /> af loss if not made promptly by Borrower. Unless Lender and Borro�ver oth�rwise agree in writing, any insurance
<br /> praceeds,vvhether�r not the underlying�nsurance vvas required by Lender,sha11 be app�ied to restorati�n or repair of the
<br /> Property,if the res�oration�r repair�s economicall�feasibie and Lender's security is not lessened.During such repair ar��l
<br /> re5toration period,Lender shall ha�e th�right to h�ld such insurance pr�ceeds until Lender has had an opportunity to
<br /> inspect such Property tv ensure#he w�rk has been campiet�d to Lender's satis�acti�n,pra�ided that such inspe�tion shall
<br /> be undertaken pr�mptly.Lender may d�sburse praceeds for the repa�rs and restora�i�n in a single payment or in a ser�e�of
<br /> prvgr�ss payments as the v�ork is completed.Unless an agreement is made in writin�or Applicable Lativ requires int�rest
<br /> ��be paid on such insurance proceeds,Lend�r sha11 not be required to pay Borrower any in�eres��r earnings on such
<br /> proceed�.Fees for publi�adjus��rs, or o�her third part�es,retained by B�rrow�r shall n�t be paid out of the uasuranc�
<br /> proceeds and shall b�the sole vbligation�f Borrower.If the r�stora�ian or repair is not economically feasible or Lend�r's
<br /> se�urity would be lessened,the insuran��proceeds shall be appl��d t�the sums secured by this Security�nstrumen�,
<br /> whether or not then du�,with the excess,if any,paid to Borrower.Such insurance proceeds shall be appiied in the order
<br /> provided for in Se�tion 2.
<br /> If Borrower abandvns the Property,Lender may file,negatiate and settle any a�ailable insurance c�aim and related
<br /> matters.If Borrov�er dn�s nnt respond within 3fl days ta a notice fr�m Lender that�he�nsurance carrier has offered to
<br /> settle a�laim,then Lender may negotiate and settle the clairn.The 3�-day period will begin wheri the notice is given.In
<br /> �ither event, �r if Lender a�quires the Property under Section �� or otherwis�, Borrower hereby assigns to Lender
<br /> �a}Borrov�rer's rights to any insurance praceeds in an amoun�nvt�o exc�ed the amounts unpaid under the N�t�or this
<br /> Security Ins�rument,and�b}any o�her of Borrower's rights�other�han the right t�any refund of un�arned premiums paid
<br /> by Borrow�r}under all insurance poli�ies cavering the Property,insofar a5 su�h rights ar�applicable to the co�erage of
<br /> the Property.Lender may use the insuran�e groceeds eith�r to repair or restore the Proper�y or t�pay amounts unpaid
<br /> under the Note or this Securit�Instrum.ent,whether or no�then due.
<br /> b.��cupancy.Borrov�er sha�1 oc�upy,e�tabl�sh,and use the Property as Borro�er's priri�ipal residenc�within 6�
<br /> da�s after the e�ecutian of this Security Ins�rument and shal��ontinue to accupy the Praperty as Barrower's principal
<br /> res�dence for at least one year after the date af occupancy,unless Lend�r��herwise agrees in writing,�vhich consent sha11
<br /> not be unreasonabiy withheid,or uniess extenuating�ircumstances exist which ar�bey�nd Borrower's con�rol.
<br /> 7,Pr�ser�atian,Maintenance and Protectivn af the Property;Inspe�tions.B�rro�er sha1�not destroy,damage
<br /> or�rn�air�he Property,allo�v the Property to deteriorate or cornmit waste on the Property.�Vhether or n�t Borrawer is
<br /> residing in the Property, Borro�ver shall ma�ntain the Pra�erty in order to prevent�he Property from deteriorating ar
<br /> d�creasing in value due ta its�ond�tion.I]n�ess it�s determined pursuan��o Se�tion 5 that repair or restaration is nat
<br /> economical�y feasibl�,Borrower sha11 promptly r�pair the Property if damaged ta a�oid further deterioration ar damage.
<br /> If insurance�r c�ndemnation proceeds are paid in c�nn���ifln wi�h damage to,or�he taking of,the Property,Borrower
<br /> shal�be responsible f�r repairing or restorirrg the Prop�rty�nly if Lender has reieased proceeds for such purp�ses.Lender
<br /> may disburse proceeds for the repairs and restora���n in a singl�payment or in a series of progress payments as the wark
<br /> is compl�ted.If the insurance or condemnation proceeds are not sufficien�to repair or restore the Properky,Borrvwer is
<br /> not relie�ed af Borrovver's abliga�ion for the completion of such repair or restorati�n.
<br /> Lender or it�ag�nt may make r�asonab�e entries upon and insp�ctions of the Froperty.�f�t has reasonable cause,
<br /> L�nder may inspect the inter�or of the impro�ements on the Property.Lender sha�l giWe Barrower notice at the tYme of or
<br /> priar to such an interior inspection specifying such reasanable cause.
<br /> 8.Borrower's L�an Appli�ation.B�rrower shali b�in defau�t�f,during the L�an application pr��e�s,Borrower or
<br /> any persons or entities acting at the dire��ian of Borrower ar vvith B�rrower's knowledge or consent ga�e materially
<br /> false, mis�eading, or �naccura�e information or statements ta Lender �or failed to pro�ide Lender with ma�erial
<br /> NE�RASKA-5ingle Fami�y-Fannie MaelFreddie�a�UNfF�R�lI INSTRU�ENT wEth MERS Farm �28 91��
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<br /> ios,���.-�azz� Borrower�s�Initials
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