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2� 1 ��3432 <br /> amounts sha11 bear interest at the Note rate from the date of dis�ursement and shal�be payable,with <br /> such interest,upvn natice from Lender to Borrower request�ng payment. <br /> All insurance po�icies required by Lender and renewals of such policies shal�be subjec�t to Lender's <br /> right tv disapprove such p�licies,sha��include a standard mor�gage c�ause,and sha�1 name Lender <br /> as martgagee andlor as an add�tianal�oss payee.Lender shall have the right to hold the policies and <br /> renewal certificates.If Lender requ�res,Borrower shal�prompt�y give t�Lender a11 receipts of paid <br /> premiums and renewal notices.If B�rrower obtains any f�rm of insurance cv�erage,not otherwise <br /> required by Lender,far darnage to,vr destruction of,the Property,such po�icy shall include a standard <br /> mortgage clause and shall name Lender as m�rtgagee andlar as an additianalloss payee. <br /> In the event of loss,Bnrrower shall g�ve pr�mpt notice to the insurance carrier and Lender.Lender <br /> may make pro�f of loss if not made promptly by Borrower.Unless Lender and Borrower otherwise <br /> agree in writing,any insurance proceeds,whether or not the underlying insurance was required <br /> by Lender, sha�l b�applied to restoration vr repair of the Property, if the restarati�n or repair is <br /> economica�ly feasible and L�nder's security is not lessened.During such repair and restoration period, <br /> Lender shal�have the right to hold such insur�nce pr�ceeds until Lender has had an�pportunity t� <br /> inspect such Prvperty to ensure the work has been c�mp�eted to Lender's satisfaction,provided that <br /> such inspection shall be un.dertaken promptly.Lender may dishurse proceeds for the repairs and <br /> restora�ion in a single payment or in a series of progress payments as�he work is comple�ed.Un�ess <br /> an agreement is made in writ�ng�r Applicable Law requires interest to be paid on such insurance <br /> proceeds,Lender shall not be required��pay Bvrrower any�nterest or earnings vn such prviceeds.Fees <br /> far pub��c adjusters,or other third parties,reta.ined by Borrower shall not be paid out of the�nsurance <br /> proceeds and sha11 he the sole obligation af Borrawer. If the restora�i�n or repair xs nvt econ�mically <br /> feasible or Lender's securi�y would be lessened,the insurance pr�ceeds shal�be applied to�he sums <br /> secured by this Security Instrument,v�hether�r not then due,with the excess,�f any,paid t�Borrawer. <br /> Such insurance proceeds shall be applied in the order pr��ided for in Sec�ian�. <br /> If Borrower abandons the Property,Lender may file,neg�tiate and s�ttle any available insurance <br /> claim and related matters.If B�rrower dves not respond within 3�days to a notice fr�m Lender that <br /> the insurance carrier has affered to settle a c�aim,then Lender may negvtiate and settle the claim. <br /> The 3�-day per�od will begin when the notice is given.In either event,or if Lender acquires the <br /> Prvperty under Section 2�or otherwise,Barrower hereby assigns to Lender�a}Borrower's rights to <br /> any insurance proceeds in an am�unt not to exceed the amounts unpaid under the No�e or this Security <br /> Ins�rument,and(b}any other of Borrower's rights�other than the r�ght to any refund of unearned <br /> prerniurns pa�d by Barrower}under all�nsurance policies co�ering the Property,insofar as such rights <br /> are applicable to the co�erage of�he Property.Lender rnay use the�nsurance proceeds either to repair <br /> ar r�store the Pr�perty or to pay amvunts unpaid under the Note or this Security Instrurnent,whe�her <br /> or nat then due. <br /> S. �ccupancy. Borr�wer sha�l occupy,establish, and use the Property as Borrower's principal <br /> residenc�within��days after the execution of this Security Instrument and shall c�ntinue to occupy <br /> the Properry as Borrower's principal residenc�for at�east flne year after the da�e of occupancy,un�ess <br /> Lender otherw�se agrees in writing,which c�nsent shall not be unreasonably withheld,or unless <br /> extenuating circumstances exist which are beyond Borrvwer's control. <br /> HCFG-003a9 <br /> NEBRASKA-5ingle Famdy-Far�nie MaslFreddie Ma�UNIFORM INSTRl1MENT Fvrm 3028 11�1 <br /> VMP� �0115 <br /> Woiters Kluwer Financial 5er►nves 2��fiD518�5 3 2 35�9�320151 fl30Y Page 7 vf 17 <br /> ' 9 15* <br />