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2� 1 ���347
<br /> A1� �nsuranc�po�i��es required hy Lender and ren�wals of such polic�es shall be su��ec��o L.�nder's right��
<br /> disapprove such po��c�es, shal� �nc�ude a standard mor�gage clause, and shal� name �.,ender as mortgagee
<br /> andl�r as an add����na� �oss payee. Lender shall ha�re�he right��hoid the po��c�es and renewal cer��f�ca�es. �f
<br /> Lender requ�r�s, B�rra�rer sha�l prompt�y give fo Lender al1 rece�pts of paid premiums and r�newal notices.
<br /> If Borrov�er a�taXns any f�rm of xn�urance co�erag�, nat othervvise required b� Lender, far damage�o, or
<br /> destruct�on of, the Prapert�, such policy sha�l inc�ude a standard mor�gage c�ause and sha�� name Lender as
<br /> mortgagee andlor as ar�additiana� I�ss payee.
<br /> �n th�e�en�af Ioss, Barrower sha11 giv�promp�natice�o the insuranc�carr�er and Lender. Lend�r may
<br /> make proof of�oss �f not made promptly by Barrower, Uniess Lender and Borraw�r otherwise agree�n
<br /> writ�ng, any insuran�e proceeds, whether or not�he under�ying �nsurance was requ�r�d by Lender, �ha11 be
<br /> app�ied�o restora��on or repair of�h�Proper�y, if the restoration or repair is econamica�ly feas�ble and
<br /> Lender's securz��is na�iessened. During such repair and restorat�on periad, Lender shal�ha�e the r�ght to
<br /> hold such �nsurance proceeds un��l Lender has had an opportuni�y t� inspe��such Pr�per�y�o ensure the
<br /> work has b�en comple�ed�o Lender's sa��sfac�ian, pro�ided that such �nspec�ion sha�l�e undertaken
<br /> promp��y. Lender may d�sburse pr��eeds far�he r�pairs and res�ora�i�n in a single payment�r�n a series of
<br /> progress paymen�s as�he v5rork is completed. Unless an agreement is made�n wr��ing or Ap��icab��La�xr
<br /> requ�res�nterest�o be paid on su�h insurance proceeds, Lend�r shall no�be requ�red�o pay Borrawer ari�r
<br /> �nteres��r earraings an su�h proceeds. Fees for publ�c adjusters, or other�hzrd partxes, retained by Barr�wer
<br /> shali not be paid�ut�f�he insurance proc�eds and sha�� be the so��ob�iga��on�f Borrow�r. �f�he restoration
<br /> or repa�r is not e��nom�cally feasible or Lender's securi�y w�u�d be iessened, �he insurance proceeds s�ia�l be
<br /> app��ed to the sums secure�by this Security Instrumen�, wh��her or no��hen due, wi�h�h�excess, if an�,
<br /> paid��Barrower. Such insurance proceeds shall be app�ied in the order pravided for�n Section�.
<br /> �f Borrower abandons the Property, Lender may fil�, negotia�e and settle any ava�lable�nsurance c�aim and
<br /> re�a�ed mat�ers. �f Bnrrower does not respond v5rxth�n 34 days�o a no�ice from Lender tha��he insurance
<br /> carri�r has affered�o se�t�e a claim, �hen L,�nder ma� negotiate and 5et�ie the claim. The 34�day period �vi11
<br /> begin when fhe natice is gi�en. In exther e�en�, or if Lender acquires the Pr�per�y under Sectian��ar
<br /> o�herv�ise, Borravver her�b� assigns to I.,�nder�a} Borrower's rights to any insurance proceeds in an amoun�
<br /> no��o exceed�he amounts unpaid under�he No�e or th�s Secur�ty �nstrument, and �b} any other of
<br /> Borravver's righ�s ��ther than the ri�ht to an�refund of unearned premium�paid by Barrower�under all
<br /> insurance p�licies covering the Pr�perty, �nsofar as such righ�s are applicable�o the coverage of�he
<br /> Propert�. Lender may use�he insurance proceeds either fo regaxr or restore the Proper�y or�o pay am�unts
<br /> unpaid under the No�e or th�s Security Instrument, �nrhether or no��hen due.
<br /> �. �ccupancy. Borrower sha�1 occupy, es�a�lish, and use the Property as Borrower's pr�nc�pal residence
<br /> within��days after the execution of�his Secur��y Ins�rument an�i shall cont�nue to occupy �h� Pr�perty as
<br /> Borro�ver's principal re��den�e for at least one year after the date of occupancy, unl�ss Lender atherw�s�
<br /> agrees �n wr�t�ng, v�h�ch consent sha11 not be unreas�nabl� �vithheld, or unless ex�enuat�ng�ir�ums�an�es
<br /> exis�whxch are b�yond Borrower's cantro�.
<br /> 7. Preser�ation, Maintenance and Prvtectivn of the Property; �nspections. Borrawer shal� not destr�y,
<br /> damage or impair�he Property, allav�the Proper�y to deteriorate ar cammi�waste on�he Proper��r. �l'hether
<br /> ar no�Borrower�s r�sidin� in the Praperty, Borrawer shai� ma�nta�n the Property in�rder to preven��h�
<br /> Proper�y from de�erxora��ng or decreasing in�a�ue due�o its condit��n. Unless �t �s determin�d pursuant�a
<br /> Sec�i�n 5 �hat repa�r or res�oration is nQ��conomical�y feasible, �orrower sha11 prampt�� repa�r�he Proper�.y
<br /> �f dan�aged�o avoid fur�her d�teriora��on or damage. �f insurance or cond�mnation proceeds are paid �n
<br /> connection with damage�o, ar the�ak�ng of, the Praper�y, Borrower shal��e respansib�e for repairing or
<br /> res�oring th�Praper�.y only �f Lender has re�eased proceeds for such purpos�s. Lender may disburs�proceeds
<br /> N�BRASKA-Sing€e�arnily-�annie Mael�reddi�Mac UNIF�RM�NSTRl3M�NT �arm 3Q�8 11�1
<br /> VMP Q VMP6[N�}��302y
<br /> Walters Kluwer Financ€at Ser�ic�s P�9��p���
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