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2� 1 ��8188 All �nsurance pa�icies requ�red by L�nder and renewals of suCh pol�cies shal�be sub�ect�o Lender's right�o d�sappro�e�uch policies, sha�� nc�ude a s�andard martgage c�aus�, and sha��name Lender as mortgagee andlor as an add�tional �oss payee. Lender sha�1 ha�e the right to ho�d the po�xc��s and renewal cert�ficates. �f Lender requ�re�, Borro�v�rer shail promptly give to Lender a�i rece�pts of pa�d premiums and renewal notices. �f Borrovver obtains any form of insuran��c�verage, not o�herwise required b� Lender, for damage to, nr destruction of, �he Property, such p�licy shall inc�ude a standard mar�gage clause and sha�� name L.ender as mor�gage�andlor as an additi�nai �oss pa�e�. �n the e�ent�f 1oss, B�rrower sha�l gi�re promp�notic��a the�nsurance carrier and Lender. L�nder may make proof of�oss if not made prompt�y by B�rrower. Un�ess Lender and Borrower o�her�ise agree in writing, an�insurance proceeds, whe�her or n��the under�ying �nsuran�e was requ�red by Lender, sha��be applied�o res�oration or repa�r of�he Proper�y, if th�restoration�r repair is economica��y feas�b��and L.ender's securi�� s na��essened. During such repair and res��ra�ion period, I.�nder sha��ha�e�he r�ght�o hflid such insurance prnceeds unt�l Lender has had an�ppor�un��t� �nsp�c�such Praper�y to ensure the w�rk has been compi�ted t� L�nder's satisfac�ion, provid�d tha�su�h inspection shai�b�undertaken pronlp�ly. Lender may dis�urse proc�eds for the repa�rs and rts�oration in a s�ng��paym.en�or�n a ser�es nf progress payments as the work is comple�ed. Un�ess an agreemen� is ma�� n wr�t�ng or Applicable Law r�quires interes�to be pa�d on such insurance pr�ceeds, Lender sha�� no��e required�a pay Borrower any interes�or earnings on such praceeds. Fees for pub�ic ad�us�ers, or other third parties, re�ained by B�rrower shail not be paid out of the insurance prflceeds and sha��be the s�ie ab�igat�on of Borrovver. �f�he res��ra�ion or repair is not economica�I�feas��le or L,�nder's se�urity wnuld be��ssened, �he insurance proceeds sha��be applied t��he sums secured by th�s Securi�y�nstrument, v�he�h�r�r not then due, wi�h the excess, �f an�, paid to Borrower. Such in�urance proc�eds sha��Ue app��d i��he order pro��ded f'or�n Sec�ion 2. �f Borrower abandans the Prop�rt�, Lender may file, negotiate and set�le any a�ailab�e insurance c�aim and related matters. �f Borrow�r does no�respond within 3�days to a notice fram Lender�hat�he insurance carrier has offered to sett��a claim, �hen Lender may nego�iate and settle�he clai�n. The 3�-da�r per�od vvill begin�vhen the natice is gi�en. �n either event, or if Lender a�qu�r�s the�'ropert}�under Sect�on 2�or otheru��se, Borro�er hereb�ass�gns to Lender�a} B�rrflwer's rights�o an� insurance proce�ds in an arnflun� nat to exceed the amounts unpa�d under�he Note or this Securit� �nstrum�nt, and (b} an�other of Borrov�rer's righ�s �other than�he r�gh��o any refund af unearned pr�m�ums paid by Borrower}under ai� insurance pnlzc�es covering the Propert�, �nsofar as s�ch r�ghts are appiicable to the coverage of�he Property. L�nder may use the insurance praceeds e�th�r to repair or restore�he Praper�y ar ta pay amoun�s unpaid under the No�e or this Securi�y Ins�rument, whether or na� �hen due. �. �ccupancy. Borrav��r shali oc�upy, es�a��sh, and use the Prap�rty as Borra�er's principa� res�den�e wifh�n�D days after the e�.ecut�on�f��is Secur��y �nstrumen�and sha�l continue ta accup��he Property as B�rrovver's principai residence far a� leas�one year after�he da�e of occupancy, un�ess Lender ather�vise agrees in v�r�ting, which consent shall not be unr�asonab�y withheld, or uniess ext�nuating circums�ances exis�w�ich are be�ond Borrower's con�rol. 7. Preser►ratian, �Il�aintenance and Prvtect��n of the Property: Inspect�ons. B�rrower sha�I nat d�stray, damage or xmpa�r th�Proper�y, aiiow the Prnperty t� de�eriora�e or cammit was��on�h�Prope�.�. �heth�r or n�t Borrower is r�siding in the Property, B�rrov�rer shall m�a�ntain the Property in order to pre�ent the Property fram deteriora��ng or decreas�ng in�va�ue due ta �ts candition. Unless �t �s de�erm�ned pursuant to Section 5 �ha�repair or restorat�on is na�ecanomicall� feas�ble, Borrower shal�promp�ly repair the Proper�y �f damaged�o avn�d fur�her de�erio�a�ion or damage. �f insurance or candemna�ifln proceeds are paid in conn�ct�on vvith damage ta, �r�he ta.k�ng of, the Property, Barrawer sha�l be r�sp�nsible f�r repairing or r�s�nring the Proper�y �n�� f Lender has re�eased proceeds for such purposes. L�nder ma�r disburse pr�c�eds NEBRASKA-5i�gle Family-Fanni�MaelFreddi�Ma�UNIFQRM iN5TRl1M�NT �urm 3�28 11Q� VMP Q VMPfi�NE�t13Q2� Wvtters Kluwer�inanGial 5er�ices Page 7 of i 7