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2� 1 ��7�� A�1 insurance po�iGies required b� Lender and rene�va�s of such p�l�c�� sha�l be subject to Lender's righ��o disapprove such paiicies, shali inc�ude a standard mor�gage clause, and sha�� name Lender as mor�gagee andlor as an addi�ionai loss payee. Lender shall ha��he r�gh��o ho�d�he pol�cxes and renewal c�r�if�cates. �f Lender requires, Borr�vv�r shall promp��y give to Lender a�i re�e�pts of paid pr�miums and renewal notices. If Borrovver obtains any form of�nsuran�e�o�erage, no��herwise required by Lender, f�r damage to, or des�ruction of, �he Prop�r�y, such poiicy sha�l �nclude a standard mortgage clause and sha11 nam�Lender a� mar�ga��e andlor a�an addi�ional loss payee. �n�he e�rent of�o�s, Borrovver shal�gi�re promp�notice tn the insurance�arr�er and Lend�r. Lender ma� make pr��f�f Ioss if nat made prompt�y by Borro�rer. Un�ess L,ender and B�rro�er o�herw�se agree in wri��ng, any insurar�ce proce�ds, whether�r not the underlying insurance�as required b� Lend�r, shall be appl�ed�o restoration or repair of�he Proper�y, �f�he r�s�orati�n or r�pair�s ecanomica��y feasib�e and Lender'� securi�y is not lessened. Dur�ng such repair and r�stora��nn peri�d, Lender shall ha�e�he r�ght to haid such insurance prac��ds un��l Lender has had an opp�r�un�ty t� inspect such Prop�r��to ensure�he work has been campleted to Lender's sa��sfact�on, pra�zd�d�hat such inspec�ion sha�l�e under�aken prompt��. Lender may disburse procee�.s for the r�pairs and res�ora�ion in a singl�paymen�or�n a ser�es of progress paymen�� as the v�ark is cflmpl�ted. Unless an agreement �s made in wr��ing flr Appli�ab�e Law requir�s interes��o be paid on such �nsurance procee�s, Lender shall no�be requir�d to pay Borrawer any interes�or earnings on such proceeds. Fees far pu�lic ad�usters, or oth�r third parti�s, retained by Borrower shal� no�b�paid out�f�he insurance proceeds and shall be�he sole obligat�on of Borrower. �f�he rest�rat�on or repa�r is nat�c�namicall� feas�ble ar Lender's securi�y w4u�d be�essened, the insurance proceeds shall be app��ed to the sums secured��this S�curity �nstrument, vvhe�her or no��hen due, with the excess, if any, pa�d �o Borrav�rer. Such �nsurance proceeds shal�be appl�ed in�he order pr��ided fQr in Sect�on�. �f Borrow�r abandons the Pr�pert�, Lender may file, n�go�iate and set�le an� a�a�Iab�e insuran�e cla�m and relat�d mat�ers. If Borra��er does not respond v�ithin 3�days t� a natice from Lender�hat the insuran�� carr�er has off�ered to se�tle a�laim, then L.�nder rnay negotiate and set�le the ciaim. The 3D-da�per�od v�rill be�in v�hen the no�ice is�iven. �n either event, or if Lender acqu�res�h� Pr�per�y under 5ectian�2 or �ther�nl�se, Borrower hereb� a�signs to Lender�a} Borro�er's rights to any �nsurance proce�ds in an amoun� no� to e�ce�d the amounts unpaid under the No�e or�his Se�uri�y �nstrun�ent, and (b} any o�h�r of Borrow�r's righ�s �other�han�he right to any refund flf un�arned premiums paid by Borro�er}under a�i �nsurance polic�es cover�ng�he Praper��, insofar as such ri�hts are app�icab�e�o the co�r�rage�f the Property. Lender ma�us�the insuranGe proGe�ds either�� repa�r ar restore�he Pr�perty or t�pay amounts unpaid under the Note or th�s Secur�t��ns�rum�nty �vhether ar no�then due. C. �ceupancy. Barrower sha��oc�upy, estab�ish, and use the Proper�y as Borrawer's principa� r�sidence wi�hin 60 days af�er the execution af�his Secur�ty �ns�.rument and shai� continue�o�ccupy�he Property as Borrovver's principal res�dence for at �east one y�ar after�he date of occupanc�, unless Lender�therwise agre�s in wr�tin�, which consen� shall not be unr�asanabl�withheld, or un�ess extenuat�ng circumstances �xis�which are beyond Borrovver's contro�. 7. Preser►�at�an, �a�nt�nanGe and Protectian of the Property; �nspect�ons. Borrower shall no�destroy, damage or impa�r�he Proper��, allow �he Praperty to deteriorate or com�m�t waste�n the Praper�}�. �hether or n�t Borrower�s residing in the Prnper�y, Borrower shai� ma�nta�n the Proper�y �n�rder�o preven�the Proper�y from deteri�ra��ng or decreasxng in�alue due�o i�s cond��ion. Un�e�s it is de�erm�.ned pur�uant�o Section S that repair or r�s�ara��on is not econom�ca�iy f�as�ble, B�rrower shall prompt�y repa�r�he Proper�y if damaged ta a�aid fur�her deter�oratian or damag�. �f xnsurance�r cond�mnati�n proceeds are paid �n conne�tian w�th damage to, or�he taking�f, �h�Property, Borrower sha�i b�r�spansi�ie for repairing or rest�ring the Proper��on�y if Lender has re�eased pr�ceeds for such purposes. Lender may disburse proceeds N�BRASKA-5ingle Family-�ar�nie MaelFreddie Mac UNiFDRM iNSTft�MENT Farm 3��8 11�i VMP[�; VMPfitNE��13�2) WOI�ETS KIUW�f F�f18�CE8I S�fVEC@S Page 7 af 17