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2� 1 ��54�5
<br /> AI� insurance po��c�es required by Lender and renevvais of such pa�ic�es shall be subject�o I.�nder's r�ght ta
<br /> d�sappr��e such po��cies, shaii �nclude a standard mortgage c�ause, and shali name I..,�nd�r as znortgage�
<br /> andlor as an addi�iona� loss paye�. Lender sha�l have th�r�ght�o hald�he pn�i�ies and renewal c�rtificate�. If
<br /> Lender requires, �orrov�rer shall pr�mp�iy give to Lender a�l rec�ipts of paid premiu�ns and renewal notic�s.
<br /> If Borrower�btains any form of�nsurance coverage, no�o�herwise requ�red b� Lender, for damage to, or
<br /> des�ruc�i�n�f, �he Praper��r, such p�iicy sha11 inc�ude a standard mo�gage c�ause and shall na�rne Lender as
<br /> mo�gage�andl�r as an add�tional �oss pa�e�.
<br /> �n the ev�n�of�ass, Borrovver shall gi�e prompt notice to the insuranc�carrier ar�d Lender. L.ender may
<br /> make proaf of��ss if not made promptly�y Borrower. Unless L,ender and Borrov�►ler oth�rw�se agree in
<br /> v�ri�ing, an� insurance proc�eds, whether or not the underl��ng insurance was requ�red by Lender, shall be
<br /> app���d�� restoration�r repair af th�Prop�rty, �f�he restora�ion or repaYr is economica�Iy feas�ble and
<br /> Lender's security �s not Iessened. During such repa�r and res�orat�on period, Lender shai�ha�re the right to
<br /> hold su�h insurance pro�eeds until Lender has had an opp�rtun��y rn inspec� such Proper�y�o ensure the
<br /> v�+rork has been completed to L�nder's sa��sfact�on, provided�hat such inspec�ion shal�be undertak�n
<br /> pramptly. L�nder may disburse proceeds for the repairs and restoration�n a single payment or in a ser�es of
<br /> pro�ress paymen�s as the work is compieted. Unless an agreement is made in writ�ng ar AppliCa�ie Law
<br /> requires �nt�res�t�b�pa�d on such insurance proceeds, Lender shall nat�e re�uired �o pa� Barrower any
<br /> inter�st or earnings an su�h proceeds. Fees for pub�ic adjus�ers, or o�her�hi�-d par�ies, re�ained b� Borr�wer
<br /> shal� not be paid out of�he insurance proce�ds and shall be�he sole o�liga�ion of Borrower. Zf th�res�ora��an
<br /> or repa�r�s na�econamically feasible or Lender's se�ur�ty wou�d be Iessen�d, �he insuranc�proce�ds sha�� be
<br /> appl�ed to�he sums secur�d by this S�curi�y �nstrument, wh�ther or not then due, with the ex�ess, if any,
<br /> paid to Borra���r. Such insurance proceeds shall �e applied in the order pra�v�ded f�r in Sect�on 2.
<br /> �f B�rrower abandons the Property, Lend�r ma� fi�e, negotiate and settl�any a�a�lable�nsuran�e claim and
<br /> re�ated ma�t�rs. �f B�rrovver does no�respond���hin 3�da��s �o a no�ice fr�m L,ender that the insuranc�
<br /> carrier has offered to settle a claim, then Lender may negotiate and set�l�the claim. Th�3Q-day period wi�1
<br /> begin when�he notice is g�v�n. �n either event, or�f Lender acquzres the Prflper��under Section�2 or
<br /> �ther��ise, Borrower her�b��as��gns to Lender�a} Borrower's rights �o any insurance prflc�eds �n an amount
<br /> no�to�xceed the amoun�s unpaid under�h� Note or th�s Securit� �n��rument, and (b} any other of
<br /> Borrower's r�gh�s �ather than the right�o an� retund of unearned premiums paid by Bflrrawer}under a�l
<br /> insurance polic�es cover�n��h�Property, insofar as su�h rights are appiicab�e�o the coverage af the .
<br /> Property. Lender ma}�use th� �nsurance proceeds either�o repair ar restore the Prnperty or�� pa� amounts
<br /> unpaid under the I�Iot�or this S�curity �nstrumen�, whether ar na�then due. �
<br /> 6. �ecupancy. Borrov�er sha�l occupy, establish, and use�he Property a�Borrower's princzpa� res�den�� o
<br /> v�ith�n d�da�s after�he execut�an of�his Secur�ty Ins�rumen� and shali cont�nue to accup� the Property as
<br /> Barrow�r's principal re�idence for at�eas�one year af�er the date of occupancy, un�ess Lender other�r�se
<br /> a�rees �n�rrit�ng, which cons�n�shall no��e unreasona�bly vwi�hheld, or uniess extenuating circumstances
<br /> exis�u�hich are beyond B�rrower's control.
<br /> 7, Preservation. N�aintenance and Protect��n of the Property; �nspectians. B�rr�wer shall not destray,
<br /> damage or�mpa�r the Property, aliflw the Proper��to�eter�orate or�ommit v�raste on the Proper�y. �Whe�her
<br /> or not Borravwer is residin� �n the Propert�, �orrovver shal� main�ain the Prop�r�� in order to prevent the
<br /> Propert� from d��eriora�ing or de�reasing in�alue due�� ��s co�d���an. Unless ��is de�ermined pursuan��a
<br /> Section S that repa�r or r��toratian �s nflt�c�non�ical�y feasible, Borrower s�a�� promp�ly r�pa�r the Property
<br /> �f dama�ed to avo�d further d�teriora��on or dan�ag�. �f insurance or condemna�ion proceeds are paid �n
<br /> cannect�on with dama�e to, or�he�aking of, �he Praperty, Borr�wer shall be respons��bie f�r r�pairing or -
<br /> rest�rin� the Proper��anl� if Lender has reieased pro�eeds for such purposes. Lender ma�disburse proceeds
<br /> NEBRASKA-Single�amiiy-�annie MaelFrer�die Mac UNIFQRM 1NSTRUM�NT Form 3�28 11�1
<br /> VMP[] VMPfi�N�)�13�2�
<br /> Wvlters Ktuwer Financial 5er�ices Page 7 af i 7
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