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2� 1 ��8�7�
<br /> amounts sha11 bear interest at the Note rat�from the date of disbursement and shall be payabie, w��h su�h interest,
<br /> upon notice from Lender�a Borrawer requesting payment.
<br /> All insurance policies required by Lender and renewals af such policies shall be subj ect to Lender's right ta
<br /> disapprove such pal�cies, shall include a standard martgage clause, and sha11 name Lender as mortgagee andlor as an
<br /> additiona�Ioss payee. Lender shall have the right to hold the policies and renevval certificates. If Lende�r requires,
<br /> Borrower shall pramptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any
<br /> form❑f insurance co�erage, not otherwise required by Lender, for damage to, or destzuction of, the Property, such
<br /> policy shall include a standard mortgage clause and shall name Lender as mortgagee andlor as an additianal loss
<br /> payee.
<br /> In the e�ent�f loss, Borrawer shall give pr�mpt notice to the insurance carrier and Lender, Lender may make
<br /> praof af loss if not made promptly by Borrower. Uniess Lender and�orrower o�herwise agree in writing, any
<br /> insurance proceeds, whether or not the underlying insurance was required by Lender, shall he applied�o rest�ration
<br /> or repair of the Properfiy, if the restora�ion or repair is economically feasible and Lende�r's secu.rity is not lessened.
<br /> During such repair and restoratinn periad, Lender shall have the right�o hold such insurance proceeds un�il Lender
<br /> has had an opportunity to inspect such Property to ensure the work has been completed to Lender's sa�isfaction,
<br /> pro�ided that such inspec�ion shall be undertaken promptly. Lender may disburse proceeds for the repairs and
<br /> restoratron in a single payment or in a series of progress payments as the vvork is completed. Unless an agreement
<br /> is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not be
<br /> required to pay Borrower any interest or earnings on such proceeds. Fees for public adjus�ers, or other third parties,
<br /> retained by Borrower shall not be paid out af the insurance proceeds and shall be the sole obligation of Borrower.
<br /> If the restaratYon or repair is not economicaily feasible or Lender's security would be lessened,the insurance proceeds
<br /> shall be applied to the sums secured by this Securrty Instrument,whether or no�then due,with the excess,if any,pa�d
<br /> ta Borr�wer. Such insurance proceeds sha�l be applied in�he order provided for in Section Z.
<br /> Xf Borrower abandons the Property, Lender ma� file, negotiate and settle any a�ailable insur ance ciaim and
<br /> related matt�rs. If Barrov►rer does not respond wi�hin 3�days to a notice from Lender that the insurance carrier has
<br /> affered to settle a claim, then Lender may negotia�e and settle the claim. The 3�-day per�od will begin vvhen the
<br /> notice is gi�en. In�ither e�ent, or if Lender acquires the Property under Sectian 2Z ox atherwise, Borrower herehy
<br /> assigns to Lender�a}Borrower's rights to any insurance proceeds in an amaunt nat�o exceed the amounts unpaid
<br /> under the Note ar this 5ecurity Instrument, and�b}any other of Barrower's rights�ather than the right to any refund
<br /> of unearned premiums paid by Borrower�under ail insurance policies cavering the Property, insofar as such rights
<br /> are applicable to the coverage of�he Property. Lender may use the insurance proceeds either to repair or restore the
<br /> Proper�y or to pay amounts unpaid under�he Note ar this Security�nstrument, whether or nat then due.
<br /> G. �ccupancy. Borrovver shall occupy, establish, and use the Property as Borrower's principa� residence
<br /> within 60 days af�er�he execu�ian of this Security Ins�rument and shall cantinue to occupy the Property as Borrower's
<br /> przncipal residence fvr at least�ne year after the date of accupancy,unless Lender otherwise agrees in vvriting, which
<br /> consen�sha1l not be unreasonahly withheld, or un�ess ex�enuating circumstances exist which are beyond Borrower's
<br /> control.
<br /> 7. Preser�ation, Maintenance and Protection of the Property; Inspections. Borrawer shal�not destroy,
<br /> damage or impair the Property, allaw the Property to deteriorate or cammit waste on the Pr�perty. �hether or nat
<br /> Borrower is residing in the Propexty, Bo�rower shall main�ain the Proper�y in order to pre�ent the Property from
<br /> deteriorating or decreasing in value due�v its condition. Un�ess rt is determined pursuant to 5ection 5 that repair or
<br /> res�oration is not ecanomically feasible, Borrawer sha11 promptly repair the Properl�y if damaged to avaid further
<br /> deterioration or damage. If insurance or condemnation praceeds are paid in connection with damage to, or the taking
<br /> af, the Property, Borrower sha1l be responsible for repairing or restoring the Property only if Lender has released
<br /> proceeds for such purposes. Lender may disburse proceeds far the repairs and restoration in a single payment or in
<br /> a series of progress payrnen�s as the work is completed. If the insurance or condemnation proceeds axe not sufficient
<br /> to repair or restore the Propexty, Borrower is not rel�e�ed of Borrower's obligation for the campletion of such repair
<br /> or restoration.
<br /> NEBRASI�A-�Single Family--Fannie MaelFreddie Mac UNIFORM �NSTRUMENT �ncl�aglC�
<br /> Form 3028 1101 Page 6 vf �4 www.dncmagic.cam
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