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2� 1 ��7432 Al� in�urance�ol�c�es required by Lender and renewals of such pol�c��s shall be sub�ect�o Lender's r�ght to d�sapprflve sueh policies, sha11 inc�ude a s�andard m�r�gage��ause, and sha�� name Lender as mar�gagee andlox•as an addi�ianal loss payee. Lender sha��ha�e�he r�ght ta hald the p��cies and renewal c�r��fxca��s. �f I.�nd�r requires, Barrower shai�promp�ly gi�ve�o Lender all re�eipts�f paid premiums and renewal n�t�ces. �f Borro�ver�btains an�r far�m af insurance caverage, n�t o�herwise required by Lender, for damage�o, or destruc�ion�f, the Pr�per�y, suc�polic� sha�1 �nciud�a standard ma�gage claus�and sha�l name Lender as mor�gagee andlor as an add�t�onal �oss payee. �n�h�e�ent of�oss, Barrovver sha�� give promp�notice�o the�nsurance carrier and Lender. Lender may make proaf�f loss if n�t m.ade prompt�y by Borrov�er. Un�ess Ler�der and B�rr�wer o�herwis�agree in writing, an�r insurarice pr�c��ds, whe�her or not the und�ri�ing insuran�e was requir�d h� Lender, sha��he appl�ed��res�aratian ar repa�r of the Prope�-�y, if�h�res�ora�ion ar repa�r is ecanomicall� feas�ble a�d Ilender's security i�no�lessened. During such repair and res�ora�ion per�od, Lender shall have�he r�ght�a ha�d such insurance praceeds unt�i Lend�r has had an oppor�un�ty to inspec�such Proper�y ta ensure�h� work has�een completed to L�nder's sat�sfact��n, pro�ided�hat such inspection shall be undertaken promptly. Lender ma�disburs�proceeds for the repairs and restorat�an in a s�ngle paymen�or in a s�ries of progress payments as �he work is comp�e�ed. Un�ess an agreemen�is made in vvri�ing or Appl�cable Law r�quires interes�ta be paid on such �n�urar�ce proceeds, Lender shall no�b�required t�pa� Barrov�er any xnferes�or earn�ngs on such proceeds. Fe�s far public adjusters, or other third par�ies, retained by Borrower shall no�be paid out of�he insurance proce�ds and shall be the 5ale obligat�on�f Borrower. �f the rest�ratian or repair�s nat ecanomicall�feasible or Lender's securi�y vvould be�e5seneci, the insurance proceeds shall be applied ta the sums secured by�his Secur��y Ins�rumen�, whether or not�hen du�, with th�excess, �f any, paid to B�rrov�er. Such insurance proceeds shal��appl�ed in the�rder provided f�r in Sec�ion�,. Zf Borrower abandans the Properry, Lender may ��, nego��ate and s��tX�any ava�lab�e insuran�e claim and related matters. If Barrower daes no�respond�v�thin 3�days ta a notice from L�nder that the insurance carr�er has offered to se��e a claim, �hen Lender ma�negat�a�e and settl�the claim. The 34Wday per��d will be�� rhe��he�aa��ce�s gi�ve��. I�ei��r ever��, ar�f��d�r a�c��r�s��op��y unde��c��an�2 ar otherwise, Barrawer hereby as��gns to Lender�a� Borrow�r's rights to any insuran�e proceeds in an amoun� not to exc��d �he amounts unpaid und�r�he N�te or�his Secur��y �ns�rumen�, and �b} an�other af Borrower's r�ghts �other�han the righ��o any refund af unearned pr�m.�ums pa�d by Borrawer}under a�l �nsurance polici�s co�er�ng the Proper�y, insofar a� such r�ghts are appl�ca��to�he coverage af the Proper�y. Lender may use�he insurance proceeds either�o repa�r or res�ore�he Prop�r�y or to pay amaunts unpaid under the Note or this Security Ins�rumen�, whether or not�hen due. �. C]��u�an�y. Barrower sha�Z a��upy, establish, a�d us��he Proper�y as Borrower'�prin�ipal res�den�e w��hin 6�days af�er the�xec�tion of�h�s Securit�Ins�rument and sha�I contznue�o�ccupy �he Praper�y as Barrawer's principal residence for a�I�as��ne year af�er�he date of o�cupancy, un�ess L.ender otherwise agrees �n writing, wh�ch consen�sha11 not be unreasonably w�thhe�d, or un�ess extenuating�ircumstances ex�st v�hich are bey�nd Borrower's�on�ral. 7. Preservation, Maintenan�e an� Prote�tion �f the Prvperty: [nspectivns, Borrower shail nat destray, damage or impair�he Proper�y, al�aw�he Proper�� to�ie�er�ora�e or camm��was�e on�he Praperty. �Vhether or not Borro�ver i� residing in�he Fraper�y, Bnrr�wer shai� ma�n�ain the Proper�y �n�rder to pre�ent�he Property fram de�eriora�ing or decreas�ng �n va�ue due�o �ts cond��ion. Unless ��xs de�ernuned pursuant�o S�ction 5 tha�repair ar res�arat�on is not economica��y feas�ble, Borrower shail promp�� repair the Property if damaged�o avoid fur�her deteriaration ar damage. �f insuranCe or condemnation pY-oceeds are paid in connection vvith damage to, or�he�ak�ng of, �he Praper�y, Borr�wer sha�l be resp�nsibl�far repairing ar res�or�ng the Property on�y if Lender has released proceeds for su�h purp�s�s. Lender may disburse praceeds NEBRASKA-Singte Farnily-Fannie MaelFreddie Mac lJNIF�RM 1NSTRUM�NT Farm 3028 11�1 VMP @ VMPfi(NEJ{13�2f Wolters Kfuwer Financial Ser�ices Page 7❑i 17