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2� 1 ��58�8 A�� insuran��po�ici�s required by Lender and ren�wals af such polic�es sha11 be su�ject ta Lender's right ta disapprove such p��ici�s, sha�� include a s�andard�r�.or�gag�claus�, and shal�nam� Lender as mortgagee andlor as an additiflnal �oss payee. Lender sha�l have the right�o hold the po�icies and renewal Ger�ificates. �f Lender requires, Borrawer shall prom.pt�y g�ve to Lender aIi rece�pts of paid prem��iums and renewa� no��c�s. �f Borrower abtains any form of insurance c�verage, no�o�herwise requ�red by Lender, for darnage to, or des�ru��ion of, the Proper�y, such p�licy sha�� nc�ude a standar�.mortgage clause and sha11 narne Lender as mortgagee andlor as an add��ona1 Ioss payee. �n�he e�ent af�oss, Borrov�er sha�l g�ve promp�n��ce to the �nsura.nce carri�r and Lend�r. Lender may make proof af loss �f no�made promptly��B�rrower. Un�e�s Lender and Barrower o�hervvise agree�n wr�t�ng, any �nsurance proceeds, whether or no��he underly�ng insurance was required by Lender, sha�l b� app�ied t� restoratian ar r�pa�r of the Property, if the restora�i�n or repair is econom��ally feas�b�e and Lender'� s�curity is no��esse��d. Dur�ng such repair and restora�ion period, L�nder shall ha�e the r�ght to hald such insuranc�pro�eeds un�i� L�nder has had an oppor�un�ty to�nspect su�h Property�o ensure�he wark has been c�mpleted to Lender's �a��sfac�inn, pr�v�ded that suc�inspection shali be und�r�aken prompt�y. I.�ender may disburse proceeds for the repa�rs and restora�ion in a sing�e payment or in a series �f progress payments as �he work i�compieted. Un�ess an agreement�s mad�in v�rriting flr App�icable Law requires interest�a be pa�d on such xnsuran�e proceeds y Lender shall not be required�o pay Bflrrow�r any interes�or earnings on such prac�eds. Fees for public adjusters, or other third part�es, re�a�ned by Borrav�rer � shall not be paid out of the�nsurance pro�eeds and �ha��be the sale o�ii�a�ion�f Borr�v�er, If�he restora�ion or repa�r is no�econamica�iy feasibie or Lender's secur��y would be Iessened, �he insurance proceeds shall be appl�ed to th�sums secured �� th�s Security �nstrumen�, wheth�r�r no�then due, with the excess, if any, paid to B�rrower, Such �nsurance proceeds shall be appiied �n�he order provided for in Se�tion 2. If Borrower abandons the Praperty, L�nder may f��e, neg��ate ar�d set�le any a�ailab�e insurance claim and rela�ed ma�ters. �f Borrower does not r�spond wi�hin 3�days to a noti�e from L.ender�hat�he insuran�e �arrier has offered�a settle a claim, �hen Lender may nego�ia�e and settle th�claim. T`h�30�day period wi�l begin when the natice is gi�en. In e�ther event, or�f Lender acqu�res �he Property under Se��ion Z2 or o�herwise, �arrower hereby ass�gns ta Lender�a} Borro�rer's righ�s to any�nsuranc�proceeds in an am�unt no�ta ex�eed the amounts unpaid under th�N�te or this Secur�t��nstrument, and �b} an� other of Barrourer's r�ghts �o�her thar�th�r�gh�to ar�.�r refund af unearned premiums paid by Borrower}under a�i �nsurance polxcies c�vering�he Proper�y, ins�far as �uch r�ghts ar�app��cab�e to the caverage af th� Property. Lender may use the insuranc�proce�ds e�ther�o repa�r�r res�ore the Pr�per�y or ta pa�amaunts unpaid under�h�No�e or th�s Security �nstrum�nt, whether or no��h�n due. 6, 4ccupancy. Borrow�r sha�� occupy, es�ab�ish, ar�d use the Pr�per�y a�Borrower's pr�ncipa� res�dence with�n 6�days after the ex�cution�f this Securxty �n��runlen�and sha�� con�inue�o occupy th�Proper�y as B�rrov�er's principa�r�sidence for at least one�ear after�he date�f occupancy, un�ess Lender oth�rwise agr�es in wrx��ng, wh�ch consen�sha��no�be unreasanab�y v�i�hhe��., or unless ex��nua��ng C�rcumstances exist which are beyand Borrawer's control. 7. pres�r�atian, Maintena�ce and Protect��n of the Prvperty; lnsp�ctions. Barrower sha�� na�d�s�ro�, damage or impair�he Property, a��ov� �he Property�o d�teriorate ar commi�waste on the Proper�y. Whether or no� Sorrov�er�s residing in the Property, �orrower sha��ma�n�ain�he Frop�rty in order�o preven�the Proper�y from de�eriora�ing or decrea�ing in�a�ue du�tfl ��s canditi�n. Unless it �s deternuned pursuant to Section 5 that repair ar res�ora�ian is not economically feasib�e, B�rrov�er shall promptly repair the Property �f darnaged�a a�o�d fur�her deteriora�ion�r damage. If insurance�r�andemnation proc�eds are paid �n connec�ion with damage to, or the taking of, the Proper�y, Borrower shall be resp�nsible for repa�r�ng ar res�orin�the Prap�rt�anly if Lender has re�eased proceeds for such purpas�s. L�nd�r may disburse proce�ds NEBRASKA-Singie Family-Far�nie Mael�recldie Mac 11N��RM INSTRUMENT �orm 3028 11�1 VMP Q VMP6(N��t73�2f Wa�ter�Kluwer Financia#Ser�ices Page 7�f 17