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2� 1 ��7935
<br /> A�I insurance poiic�es required by I.ender and ren�v�ais of su�h polici�s shall �e subje���o L�nder's righ�to
<br /> disappro�re such poX�cies, sha�� inc�u�e a standard mortgage clause, and shall name Lend�r as mar�gagee
<br /> andlar as an add��iona� loss payee. Lender shal�ha�e�he righ��o h��d the palicies and renewal cert�f��a�es. �f
<br /> Lender requires, Borr�wer sha��prompt�y gi��t� Lender a�� r�c�ipts of pa�d prem�ums and renev�ral notices.
<br /> If Borrower obtains any form of in�urance cow�rage, no�o�herwise requ�red by L.ender, for damage to, or
<br /> destruc��on of, �he Proper�y, such p�lic� sha�l inc�ude a standard mor�gage clause and shal� name Lender as
<br /> mor�gagee andlor as an addit�onal loss payee.
<br /> �n�he e�ent af loss, Borrov�rer shal�g��e promp�na�i�e to the insurance carrier and Lender, I,�nder ma�
<br /> make proof of Ioss if not made pramptly by Borrower. Unle�s L.�nder and Borrower o�he�-v�ise agree�n
<br /> wri�ing, any insurance proceeds, whether or no��he underl�ing insurance v�aas required�y L,�nder, shal� be
<br /> applied to res�orat�on or repair of�he Pro�er�y, if�he restorat�on or repa�r is economically fea�ib�e and
<br /> L.�nder's securit�r is not less�ned. �3uring such repair and restora�ion per�od, Lender shall ha�e the righ��a
<br /> hald such insurance pra�eeds un�il Le�der has had an oppor�uni�y to �nsp�ct su�h Property to ensure the
<br /> work has�b�en Gompieted to Lender's sati�fac�ian, prov�ded that such�nspe�t�an shall�e under�aken
<br /> promptly. L,ender ma� dis�urse proceeds far�he repairs and restora�ion in a s�ng�e payment or in a series�f
<br /> progres�payments as�he work is�omp���ed. Unless an agreerx�ent �s made�n�ritin� or App��cabie La��v
<br /> . requires interes��o be paid on su�h insurance proceeds, L�nder shall not be required�o pa�Borrflwer any
<br /> in��r�st or earnin�s on such proc�eds. Fees for publ�c adjusters, or other third par�ies, retained b� Borro�ver
<br /> sha�� not be paid out of�he insurance proceeds and shai�b�the sol�o���gat�on of Borrower. If the restoratian
<br /> or repair is not ecanarnical�y feasib�e or Lender's security wou�d be less�ned, the insurance pro��eds sha��be
<br /> applied �o�he sums secured by �his S��urity �ns�rument, whe�her or no��hen due, w��h the��cess, if an�,
<br /> pa�d t� Borrawer. Such znsurance proceeds shaii be app��ed �n the order prov�ded f�r in S�c�ion�.
<br /> �f B�rrov�er abandons the Proper�y, Lender ma� f�le, negot�at�and se#tl�any a�ra�ia��� �nsuranc��la�m and
<br /> re�a�ed ma�ters. If Barrav�rer d4e�nat respand wi�h�n 3�days to a na�iCe from L�nder�hat�h� �nsurance
<br /> carrx�r has off�red�a settle a�laim, then Lende�r may ne�otiate and se��le�he claim. The 3DWda�period wi�l
<br /> begin u�h�n the not�c�is gi�en. �n e�ther e�en�, or�f L.end�r acquires�he Proper��under Section 2�or
<br /> o�h��-vv�se, Borro��r hereb� assigns �o Len�er�a} Borr�wer's r�gh�s�o any �nsurance proc�eds �n an amount
<br /> not�o exceed the amoun�s unpaid under�he ����or�his Securi�� �nstrument, and �b} any o�her of
<br /> �orrower's r��hts �o�her than the right to any refund of unearned premiums paid b� Borrower}under a�l
<br /> insurance poli�ies co�ering the Propert�, ins�far as such rights are appl�cable to�he�a�erage of the
<br /> Prop�r��. Lend�r may use the insurance proceeds either�a r�pair or r�star�the Proper�y or to pay amounts
<br /> unpa��.under�he Nate�r this Security instrum�nt, v�rhe�her or not then due.
<br /> �. �ccupancy. Borrov�er sha�l accup�, es�ab�ish, and u�e�he Pr�p�rt� as Borrower's pr�ncipal residence
<br /> vWi�hin�a days after the exe�ution of�h�s Se�urity �ns�rument and shail�ontinue�o occupy �he Prop�r�y as
<br /> Barrov�r�r's principa� residence f�r at�east one year af��r the date of occupan�y, unless L,ender o�h�rw�se
<br /> agrees �n writing, urhich consen�sha�� not b�unreasanab�y wi�hhe�d, or unless e�tenuating c�rcumstances
<br /> e�is�which are beyond Borrower's contra�.
<br /> 7. Prese��at�vn. Maintenance and Protection of the Property; Inspect�ons. Borrower sha��no�des�r��,
<br /> darnage or ix�.pa�r the Praper�y, all�w �he Pr�perty to deter�arate or commit vvas�e on the Property. Whether
<br /> or not Barrower�s r�siding in�he Proper�y, Borrower sha�l �nain�a�n the Proper�� �n order�o preven��he
<br /> Proper�y from de�eriorat�ng or decreasing in v�alue due �o its condition. Un�ess i� is det�rm�ned pursuant�fl
<br /> Sect�on S that repair�r res�orat�on is nat e�onom.ical�y feas�ble, Borrower shaii promp�l�r repair the Proper�y
<br /> if damaged to avoid fur�her deter��ration or damage. �f insuranc�or condemnation proce�ds are paid in
<br /> conne�ti�n v�i�h damage to, or�he taking�f, the Property, Barrov�rer shall be re�pon��b�e for repa�r�ng or
<br /> r�s�oring �he Proper�y on�y if Lender has r�iease�proce�ds for such purposes. I.�nder may disburse proceeds
<br /> N�BRASKA-5ingle Farnily-Fannie Mael�red[fie Mac LJNI�aRM iNSTRUMENT �vrm 30�8 1101
<br /> VMP� VMP6fN�i[13D2S
<br /> Wa(ters Kluwer�inar�cia�Ser�ices Page 7 of�7
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