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2� 1 ��5�31
<br /> Al� insurance pal�c�es requ�red by Lend�r and renewa�s of such policx�s shal�be subjec�t� Lend�r's r�ght�o
<br /> d�sappro�e�uch p�lic�es, sha�� �nc�ude a standard mortgage clause, and sha�l name Lender as mor�gage�
<br /> andl�r as an add�t�ona� ��ss payee, Lender sha�l have the r�ght to hold the policies and renev�al cer�ificates. �f
<br /> Lender requires, Bflrrower sha��promp��y�ive t� Len�.er all receip�s of pa�d premiums and renewa� notices.
<br /> �f Barrower obtains any form�f insurance coverage, n��ather�ris�requ�red by Lender, for dama�e to, or
<br /> destruc�ian of, �h�Proper�y, such policy shall inc�ude a standard m�rtgage clause and shall name L.�nder as
<br /> mortgagee andlor as an addi�ional loss payee.
<br /> �n the even�of lo�s, Barr�w�r shall give pramp�notice to the�nsuranc�carrier and Lender. Lender rna�
<br /> make proaf of loss �f not nzade prornpt���y B�rr�vwer. Unless L�nd�r and Borrower otherv�r�se agree�n
<br /> writing, any insuranc�proceeds, vvhether ar not the underlying insurance was required b� L,�nder, shal�Ue
<br /> app�ied�o restoration or repair of the Prop�rty, if the restoration or repair is econamiGa�Iy feasible and
<br /> Lender's security �s not lessen�d. During such r�pa�r and restoration p�r���., Lender shall hav�the r�gh�to
<br /> ho�d such insurance proc�eds unti� Lender has had an�pp�rtuni��r to insp�ct such Property t�en�ur��he
<br /> work has been c�mpleted to Lender's sa�isfac�ion, provided that such inspect�on shali be undertaken
<br /> promptly, I.�nder ma�disburse pra�eeds for�he repairs and res�oration�n a single pa�ment or in a series af
<br /> pr��ress payments a�the work is campleted. Unless an agreement �s made in writin�or Applicable La�v
<br /> requir�s �n�eres��o be pa�d on such insurance praceeds, L.ender sha�l no�b�required to pay Borrovver any
<br /> �nt�res�ar earnings an such proceeds. Fees for public adjust�rs, or o�her�h�rd par�ies, re�ained by Borr�v�e�r
<br /> shail no�be paid out af the insurance proceeds and shall b�the sole obligat�on of B�rravver. If�he res��rat�on
<br /> or repair is n�t economical�y feasibie or Lender's security v�ould be iessened, �he insurance proceeds shall be
<br /> app�ied to�he sums se�ured by�his Securit� �nstrumen�, whether or no��h�n due, ur�th the e�cess, if an�,
<br /> paid�o Borrower. Such insurance proceeds shall be appiied in th�order provid�d for in Sect�an 2.
<br /> If Borr�wer abandons the Proper��, Lender may fil�, ne�ot�ate and settle any a`�ailable insuranc�cia�m and
<br /> re�a�ed matters. �f Borrower does no� respond ��i�hin 30 days�o a not�ce from L�nder tha�the insuranc�
<br /> carrier has offered ta set��e a ciaim, then Lender may negotiat�and settl�the claim, The 3�-day per��d v�rili
<br /> �e�i�a when the notice is ��v�n. �n either ev�n�, �r if L.�nder acquires �he Prop�rty under 5ec�ion 22 ar
<br /> ��her��ise, Borr�wer hereby ass�gns �o Lend�r�a} Barravver's r�ghts �o any �nsurance pr��eeds in an amoun�
<br /> not�o e�ce�d�he amoun�s unpaid under�he Nflt�or t�.�s Security �ns�rument, and �b} any other of
<br /> Barrovwer's r��hts �other�han the right to any refund of unearned premiums paid b�Borrower} under a�i
<br /> insurance pol�c�es�over�ng the Proper�y, insofar as such r�ghts are app��cable t��he covera�e of the
<br /> Property. Lender ma�use the insurance procee�s e�ther to repa�r or r�s��r�the Proper��or to pa� amounts
<br /> unpaid under the Nfl�e�r�his�ecurit� Instrument, whether or nat then due.
<br /> �. �ccupancy. Borrower sha�i occupy, �S���I15h, and use the Property as Borrov�rer's principai residence
<br /> w�th�n 6�days aft�r th�execut��n�f th�s Security In��rum�n�and sha�l con�inue t�occupy the Proper�y as
<br /> Borrower's princ�pal residence for at l�as�one year after the date�f�ccupancy, unless Lender oth�rw�se
<br /> agr��s in writing, which consent shall no�be unr�as�nably w�thheld, or un�ess ex�enua�ing circums�ances
<br /> exist wh�ch are be�flnd Borrower's contr�l.
<br /> 7. Pres��vation, N�aint�nance and Protect�an of the Prop�rty; Inspections. Borro�er shal�not destro�,
<br /> damage or impair�he Proper�y, allov�r �he Praper�y t� deteri�rate ar commit was�e on�he Property. '�he�her
<br /> ar no�Borrav�rer�s res�ding in th�Propert�, Borrower sha��maintain�he Pr�pert� in order to pre�ent the
<br /> Pr�perty fram deter�orating ar decreasing in value du�to ��s condi�ion. Unless ��is deternuned pursuant ta
<br /> S�c��fln 5 �ha�repair flr r�storation�s nnt econnmica�Iy f�asible, Barrower shall prampti�repair the Proper��r
<br /> if damaged to a�oid further deteriorat�on or damage. �f insurance or c�ndemnat�on proceeds are pa�d in
<br /> conne�ti�n wi�h damag�to, ar th��ak�ng of, �h� Pr�per�y, Borrovver shal�be r�sponsib�e for repairing or �
<br /> rest�r�n�the Pr�per�y only if Lender has released�roceeds far sueh purp�ses. L.�nder may disburse proceeds
<br /> NEBRASKA-5ingle Family-Fanni�Ma�IFr�ddi�M��11N��aRM INSTRUM�NT �orm 3028 110�
<br /> VMP� VMPfitN�f�134�i •
<br /> Walters Kluw�r�inar�cial Ser�ices Page 7 of 17 -
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