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2� 1 ��7751
<br /> A�1 �nsurance p��ic�es required�y Lender and renewals af such pol�cies sha��be subjec��a Lend�r's righ�to
<br /> disapprove sueh po��ci�s, sha�� �nciud�a s�andard mortgage clause, and sha�I name Lender as mor�gagee
<br /> andlor as an addi�i�nal ��ss payee. Lender shall have the righ�to hold�h�pol�cies and renewal cer�i�cat�s. �f
<br /> Lender requires, Borrov�rer sha�l promp���give to Lender al� rec�ipts of pa�d premiums and renewa� �aotice�.
<br /> �f Borrower�b�a�ns any form of�nsurance caverage, no�atherwise requir�d by Lender, for damage t�, flr
<br /> destruct�on af, �he Pro�er�y, such pol�cy sha�� inc�ude a standard mor�gag��lause and sha1� name Lender as
<br /> mortgag�e andlor as an add�tiana� �oss payee,
<br /> �n�he ev�nt of��ss, Borrovver shal�g��re prompt no��c��o the insurance carrier and Lender, Lender m.ay
<br /> ma.ke proof of�oss if nat made prornptly�� Borro�ver. Uniess Lender and Borrouler o�herwise agree in
<br /> wri�ing, an�r xnsuranc�praceeds, �he�her or not�he und�r�ying insurance was r�quired b�r Lender, sha�l b�
<br /> appl�ed to r�s�ora��an or repair of the Proper�y, �f the restara�ion�r r�pa�r is economical��f�asi�Ie and
<br /> Lender's se�uri�y is nat l�ssened, I3uring suCh repair and restoratiQn per��d, Lender sha��hav��h�right�o
<br /> hol�su�h�nsurance proceeds un�i1 Lender has had an opportuni�.y to inspec�such Prop�rty t�ensure the
<br /> vvork has been complet�d�� Lend�r's satisfac�ian, pro��ded tha�such inspectxon shall be und�rtaken
<br /> promp�i�r. Ler�der ma�d�s�urse proceeds for the repa�rs and r�s�orat�an�n a szngle payment or rn a s�r�es of
<br /> progress payments as the wark is compi��ed. Unless an agreement is made in wr��ing or Appiica��e Law
<br /> requ�res intere�t�o be�aid an such insura��ce proceeds, Lender shall na��e requ�r�d to pay Barrower any
<br /> in�er�st�r earnings on such proceeds. Fees for pub�ic ad�usters, or a�her�h�r�parti�s, reta�ned by Borrow�r
<br /> sha�I not be paid ou�af the insurance proceeds and �ha�1 b�the soie abliga�ion of Barrow�r. �f the restora�ior�
<br /> or repair is nat�conam�ca���feasible or Lend�r's securi�y would be lessened, the insuran�e pr�ce�ds sha��b�
<br /> applied to the surr� secured b�this 5e�uri�� Ins�rument, whether or not th�n due, with�he e�cess, �f any,
<br /> paid�o Barrower. Such insurance proceeds shall be appiied in the arder pr�vided far in Sec�ion 2.
<br /> If Borrower abandons�he Propert�, L.�nder may ��e, negotiate and se�tle any available insurance claim and
<br /> re�at�d mat��rs. If B�rr�wer da�s n�t respond �i�hin 3Q da�s to a na�ice from Lender�hat the�ns�rance
<br /> carr��r has�ffered to �et��e a c�a�m, then L�nder may negot�a�e and se�tle�he cla�m. The 3�-day per�o�wi�l
<br /> beg�n when the n��ice is given. �n either even�, or if Lender acquires�he Prop�rty under SeCt�on�2 ar
<br /> �thervWise, Borr�wer hereby ass�gns�o Lender�a} Borrower's r�gh�s �a any insurance pro�eeds in an amoun�
<br /> not�o ex��ed the amounts unpaid under�he Nfl�e or this Security�ns�rumen�, and�b} any o�her af
<br /> Borrow�r's rights ��ther than�he r�gh�to any refund of unearned premiums paid by Borrawer}under a11
<br /> insurance policxes�overing the Property, �nsofar as such rxghts are app��cable to�he ca�erage of�he
<br /> Property. Lender may use the insurance proceeds e�ther to repair nr restare�he Pro�er�y or to pa�amounts
<br /> unpaid under�he Note or this Security �ns�rumen�, whe�her or not�h�n due.
<br /> �. Dccupancy. B�rrower sha�� occupy, establ�sh, and use the Praper�y as Barrower's principal residence
<br /> wi�hin 60 days after the�xecu�ion of this Se�urity �nstrument and shall cant�nue ta occupy the Prop�rty as
<br /> Borrower's principa� residence for a�least on�year after the date af occupancy, unless Lender o�herwise
<br /> agrees in writing, which c�nsen�shal� not be unreasonah�y v�ithheld, or un.less extenua�ing cir�umstances
<br /> exis� v�hich are beyond Borrovver's c�ntrol.
<br /> 7. Preser�at�on, Maintenan�e and Prote�tion flf the Pr�perty; Inspectians. Borrower sha�l not des�roy,
<br /> damage or�mpa�r�.he Proper�y, allo�v the Property�o cie�er�orate or commit waste�n the Praper��. �Vh��her
<br /> ar n�t Barrower�s res�ding in�he Proper�y, Borr�w�r shall maintain the Property �n order�o pre��nt�he
<br /> Pr�per�y fro�n deteriora�ing ar decreas�ng in�a�ue due tv its c�ndi�ion. Un�ess it is det�rmined pursuar�t��
<br /> Sect�on 5 �hat r�pa�r or restorati�n is no�ec�n�mical�y feasible, Barrower shall promptly repa�r th�Pr�perty
<br /> �f dama�ed to a�oid fur�her deterioratian or damage. �f�nsurance�r c�ndemnat�an proceeds are paid �n
<br /> conne�tion vvith damag���, or�he tak�ng of, �he Property, Barrower shai��e re�p�nsxble for repairing or
<br /> restor�ng the Proper�y onl�if Lender has released proceeds for such purposes. Lende�-may disburs�pro�eeds
<br /> N�BRASKA-5ingle Fami[y-�annie MaelFreddie Mac UN[�aRM INSTRUMENT �o�m 34�$����
<br /> VMP Q VMP6{NEy�1302}
<br /> Woiter�K(uwer Fir�ancial 5er�ices Fage 7 vf�7
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