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2� 1 ��5249 A1i insurance policies requ�red by Lender and renev�als of such pa��c�e� sha��be subject to Lender's right �o disapprove such poi icies s sha�1 include a standard mar�gage�lause, and shall name Lender as mor�gagee andlor as an addi�ional loss paye�. Lender sha�l have�he r�ght ta hold th�paiicies and renewal c�rti�ca�es. �f Ltnd�r requir�s, Borrower shal�promp��y gi��o Lender a�� rece�p�s of paid premiums and renewal no�ices. If�orrawer o��ains any form of�nsurance cav�rage, no�otherwise requ�red by Lender, far damage to, or des�rucC�on�f, �h�Praper��, such po�i�y shai� include a standard m�r�gage clause and shall name Lender as mar�gagee andl�r as an addi�ianal loss payee. �n the ew�n�of loss, Borrower sha�1 g��e prompt not�ce to�he�nsurance carrzer and Lender. Lender may make praof af�oss if no�made pror�ptly b�r B�rraw�r. Unless L.ender and B�rr�wer o�herwise agree in wr�txng, an� �nsura.nce proceeds, whe�her or no��he underlying�nsurance was required by Lender, shail be applied�a r�stora�xon or repair of the Proper�y, �f�he rest�ra�ion or re�air is economicail�r feasible and I.�nder's secur�ty is n��ssened. During �uch repa�r and res��ra��on per�od, Lender sha��have the right to hold such �nsurance proc�eds un�� Lender has had a�oppor�uni�y�� inspect such Property�o ensure�he work has been campieted t� Lender's satisfaction, provided that suc�.�nspe�tion shai�be undertaken prompt�y. Lender may disburse praceeds f�r the repa�rs and restoration in a single payment ar in a series of progress paymen�s as �he wark is c�mpleted. Un��ss an agre�men��s made in vvriting ar App�icabie Law requiY•es �nterest to be paid an such insurance pro�eeds, Lender shall no�be required ta pay Borrawer any interest or earnings an such praceeds. Fees for public ad�us�ers, or�ther�h�rd part��s, re�ained by Barro�ver sha11 no�be paid ou�of�he insurance praceeds and sha��be the sol�obliga�ion of BorrovWer, �f�he restara�ion or repaxr is not economica��y feasi�le or Lender's secur��y would be Iess�ned, the insuran�e praceeds shal�be appiied to th�sums secured b� this Security Ins�rumen�, whether or n��then due, wi�h the excess, if any, paid�o Borrawer. Such insuranc�pr�ceeds sha1��e appli�d in the ard�r pra�rided f�r in Section 2. If Borr�wer abandons the Property, Lender may �le, negotiate and s��t1e any a�ailabl� rnsurance claim and rela�ed matters. If Borrower does not respond w�thin 3�days t� a notice from L�nd�r�hat the�nsuran�e carr�er has offered �o settle a c�aim, �hen Lend�r may nego��a�e an.d s��tie the c�a�m. The 34-day period wi11 1�egi��v��rl�1��r�atice�s giv�n. ��i�i��r�ve�.�, or�f�r�d�r�.�q�i��s�h��ra�erty�nder�ec��an 22 ar o�herwise, Borrower hereby assigns ta Lender�a} Borro�ver's righ�s to any �nsurance proceeds in an amaunt not to ex�eed the amounts unpaid under the Note ar�h�s Securi�y Instrument, a�d �b} any ather of B�rravver's rights �o�her�han�he right�o an�refund�f unearned premiums paid by Borrow�r} under a1� in�uran�e pol�cies co�er�ng the Praperty, insafar as such r�ghts are app��cable�o�he co�erage af�he Proper��. Lend�r may use�h��nsuranc�procee�s e�ther to repair or restore the Property or ta pay amounts unpaid under the Note ar�his Secur��y Ins�rumen�, v�he��er or not then due. �. ��cupancy. Borro�rer shall occup�r, estab�ish, and use�he Pr�per�y as Borrower's principal r�s�d�nce v�r�thin dfl days af�er the execu��on af th�s Secur�ty Instrument and sha��con�inue to occupy the Prop�r�y as Barrower's principal res�dence far a��east one year aft�r the da�e af�ccupancy, unless I.ender�therwise agrees in wr��ng, which��nsent shall na�be unreasonably withhe�d, or unless extenuating circums�ances exist whi�h are beyond Borr�w�r's can�rol. 7. Preser�at��n, Maintenan�e and Prote�t��n of the Prvp�rty: �nspectio�s. Borr�w�r shal� not d�stro�, damage or impair the Proper�y} a�low�he Pr�per�y to deter�ora�e ar c�mm��vaste on�he Property. Whether or no�Borrow�r is residing in th�Proper��, �orrower shall maxntain�he Property in order tn prev�nt the Property from de�eriarat�ng or decreas�ng �n�a�ue d�e to ��s�ond��xon. Unless it is deterntiined pursuant to S�c�ion S tha� repair ar restflration is not economica��y feas�b�e, Borrovver shall promptly repaxr the Praperty if damaged �o avaid further deteriora�ion or daxnage. If�nsurance or condemna�ion pr�ceeds are pa�d in c�nnecti�n with damage to, or�he taking af, �he Property, BQrrower shall be responsible for repa�ring ar restor�ng the Praper�y only if L�nder has re�eased pr�ce�ds for such purposes. Lender may disburse proceeds NEBRASKA-5ingle Family-Fannie MaelFreddie Mac UN#��RM INSTRUM�NT Farm 3�28 i 101 VMP[�] VMPfitNEj(1302f Wolters IC�uwer Financial 5er�ices Page 7 af'�7