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2� 1 ��3232 <br /> All �nsurance pol�c�es required by Lender and renewa�s❑f such pa��cies sha��be su�ject�� L,�nder's r�ght to <br /> d�sapprove such po��c�es, sha�� inc�ude a standard mortgage c�au��, and sha�� narne Lender as mor�gage� <br /> andlor as an add����na� �oss pa�ee. Lender shai�ha�e the righ��o hold the po��c�es and r�n��a� cer��ficate�. �f <br /> Lender r�quires, Borr�wer shall pr�mptly g�v�tn Lender a�l rece�pts of pa�d premiums and renewa� not�c�s. <br /> �f B�rrovver obta�ns any form of�nsurance c�verage, nat otherwise requ�r�d�y I�end�r, for dan�zage to, or <br /> destruction of, the Proper�y, such p�iicy shal� include a standard mor�gage c�ause and sha�� nam�Lend�r as <br /> mor�gage�andlar as an addi�ionaX �oss payee. <br /> �n�he ev�er��of loss, Borrawer shall give prompt no�i��ta the insurance carri�r and Lender, L�nder�nay <br /> make proof af ioss if not m.ade promp��y by Barrower. Unless L�nder and Borrow�r�th�rw�se agree in <br /> writing, any insurance proeeeds, whe��.er or not�h�under�y�ng insurance v�as required by Len�er, sha11 be <br /> applied to rest�rat�on or repair of the Praper�y, �f�he res��ra�ion flr repair is economi.cai�y feasible and <br /> Lender's secur��y �s not�essen�d. DUr�ng such repa�r and res�oration peri�d, I�:nder shall have�he right to <br /> ho�d su�h��surance pro��eds until L,�nder has had an oppar�unity�o �nsp�ct such Property�o ensure the <br /> work has been�ompleted ta Lend�r`s satisfaGti�n, pr�v�ded that such inspe�t��n shall be unde�taken <br /> promptly. I�nder may disburse proceeds for�h�repairs and res�oration in a s�ng�e paym�nt or�n a ser�es of <br /> progre�s payments as�he work�s�omp�e�ed. Un�ess an a�re�ment is made in wri�ing ar App��cab�e Lavv <br /> requires �n�erest��b�pa�d on such insurance proc�eds, Lender sha�� not be requir�d�a pay Borrower any <br /> �nteres�or earn�ngs on such pr�ceeds. Fees f�r pubii�adjus�ers, or o�her third par�ies, re�ain�d by Borrower <br /> shal�no�be paid out of th�insurance proceeds and sha��be the sole�b�iga�ion of Borrower. �f the res�ora�i�n <br /> or repair is not economu.ca��y feasib�e ar Lender's s�cur���r v�rau�d�e lessened, �h��nsurance prace�ds shall be <br /> applied ta�he sums secured hy�his S��urity Instrument, whether ar not�hen du�, wi�h�he e�c�ss, if any, <br /> pa�d t� Borrower. Such�nsurance praceeds shai�be app��ed in the ord�r prov�d�d f�r in Sec�ian 2. <br /> �f Borr�v�er abandon�the Proper�y, Lender may ��e, nega��a�e and se���e an�ava�lable insuranc�c�aim and <br /> related mat�ers. �f Barrawer does no�respond with�n 3�days�o a nat�ce fram L�nder tha��he insurance <br /> carr�er has offer�d to se�t�e a c�aim, then I.�nder may negotiat�and se�tle�he c�a�m. The 3��day period ur��� <br /> Y�egin wh�n�he notice�s�iven. �n exther�vent, or if Len�er acqu�r�s the Praper�y under Sect�on 2��r <br /> otherw�se, Borrower hereby assigns to Lender�a} Borravv�r's r�ghts�� any insurance praceeds in an am�un� <br /> not to exc�ed the am�un�s unpaid under�e IVote�r this Securi��r �ns�rument, and �b} any other of <br /> B�rr�wer's rights �other tharx the r�gh��o any refund�f unearned prem�ums pa�d by Borrower}under a�l <br /> �nsurance p��ic�es co�rer�ng the Proper�y, insofar as such r�gh�s ar�applicab�e�o th��overage of�he <br /> Praper�y. Lender m.a�use the�nsurance proceeds��ther to repair or restore�he Proper�y or�o pay amoun.�s <br /> u�pa�d under�he No��or this Secur�ty �ns�rumen�, wh�ther or not then due. <br /> �. �c�upancy. Borrower�ha�� occupy, es�ab�ish, and us��he Property as Borrower's prin�ipal res�dence <br /> within��da�rs af�er�he execu�ion of�his Se�uri�y�nstrument and shal�cantinue to occup��he Pr�perty as <br /> �orrov�er's pr�nc�pa� residence far at 1eas�one�ear after�he da�e of occupancy, unless Lender otherwise <br /> agrees in writing, v�rhich�onsent shal�not�e unreasonably withheld, or un�ess �x�enua��ng circumstances <br /> exzst�rhich ar�be�ond Barrower's controx. <br /> 7. Preserrrat�an, Maintenanc� and Pratectian vf th� Property; �nspections. Barrower sha�� not destra�, <br /> damage or xmpa�r the Proper�y, a�low the Pra�er�y to de�eriorate or commi�was��on the Property. Whether <br /> ar not Borrower is residing in the P'r�pert�, �orrawer sha�l ma�ntain�he P'rape�.y in orcler to pre�ent the <br /> Proper�y from deteriarat�ng�r decreasin� �n va1u�due to i�s��ndi�ion. Ur�.l.�ss i��s de�ermined pursuan��o <br /> Se�t�on 5 �ha�r�pair�r restaratzon�s no�ec�namica�ly feasible, B�rr�w�r sha�l promp��y repa�r�he Proper�y <br /> �f damaged to a�o�d fur�her de��r�ora��on ar damage. �f�nsuran�e or cond�mnation proc�eds are pa�d�n <br /> conn�ct�on with damag�to, �r the�ak�ng�f, �he Property, Borr�wer sha�l be respansible far repa�ring ar <br /> restar�ng�he�roper�y on�y if�ender has released praceeds for such purpases. Lender may d���urse proceeds <br /> N�BRASKA-Single Family-Fannie MaelFreddie Mac UNI�aRM INSTRUM�NT F�rm 30�8 11D1 <br /> VMP O VMPs�NEf[7 3D2f <br /> Woiters Kluwer�inancia€Ser�ices Pag�7 a#17 <br />