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2� 1 ��8413 <br /> Al� �nsurance pol�cies requ�red by L.�nder and r�n�wa�s of such palz�ies shall be sub�e�t t� Lend�r's �igh�to <br /> d�sappro�e such policies, shai� xnc�ude a standard mor�gage c�ause, and shall name L.�nder as mor�gag�e <br /> andlor as an addi�iona� �oss pay�e. Lender sha�� have the righ�ta ho�d�he palicies and rene�val cer��f�ates. �f <br /> I.ender requir�s, Barrower sha�i promp����i�e��Lender all rec�ipts of paid premium�and ren�wal n�tices. <br /> If Borrawer obtains any form of insurance co��rage, nat otherwi�e requ�red by L.�nder, for damage�o, or <br /> destruc�ion of, the Frope�rt�, such poiicy shall include a standard mortgage��ause and sha�l name Lfender a� <br /> mor�gage�andlor as an add��ianal l�ss pa��e. <br /> ���h��v��i a�Ia�s, B��-�����s�ia����ve��-��i���i������� ���������a�c�c��i�r�d ��i�er. ��d���.�a� <br /> make proof af loss if not made pr�rnpt��by Borrower. Un�ess Lender and Barrower otherv�r�se agree�n <br /> �vrit�ng, any insurance pr�ce�ds, whe�her or no�the und�r�ying insurance was requ�red by Lender, shall be <br /> app��ed�� res�ora�ion�r repa�r of the Proper��, if�he res�orat�on or repa�r is ecanomicaii�feasibl�and <br /> Lender's s�curi�y is not lessened. Dur�ng such repa�r and res�ora�ion period, L�nder shal�ha�ve th�right�a <br /> hold such insuranc�proceeds until Lender has had an oppor�unity t� �nspe�t such Proper�y ta ensure th� <br /> vvork has�een comp�e�ed to L.ender's satisfaction, provided tha�such inspeCtion shall be undertai�en <br /> prom�p��y. Lender may dishurse proce�ds fnr�he repairs and r�s�nrat�on in a s�ngle payment or in a ser�es of <br /> progress paymen�s as�he work is comple�ed. Unless an agreemen� is made �n writing or App��cable Law_ <br /> r�qu�res in�eres�t�be paid on such �nsurance praceeds, Lender sha��not be requ�red�o pay Borrower any <br /> in�er�st ar earn�ngs on such pro�eeds. Fees for puhli� adjusters, or other third parties, retained hy Borrower <br /> shall not be paid aut of the�nsuranc��roceeds and shail be the sole�bligation�f Borrav�er. �f the rest�ration <br /> ar repair is n��economically feas�b�e ar Lend�r's se�ur�t�wou�d be�essened, the insurance prac�eds sha�l be <br /> app�ied to the sums se�ured by th�s Securi��r �nstrument, wh�ther or n�t then due, w�th the ex�ess, if an�, <br /> paid to Borrawer. Such insurance proce�ds shail be appli�d in the order pro�id�d for in�e�tion�. <br /> �f Barrower abandons the Prap�r�y, Lender may f���, negflt�ate and set��e any availa��e in�urance ela�m and <br /> re�ated matters. �f Borrower does na�respand��th�n 30 da�s�o a no��ce from Lender�hat the insurance <br /> carrier has affer�d�o s�ttle a�laim, �hen L�nder ma�nego�iate and se����th�cla��. Th�3D-day period will <br /> begin when�h�noti�e is given, �n either even�, ar if Lender acquir�s�h� Proper��under Sectinn Z2 or <br /> otherwise, Borrovver hereby ass�gns�o L,ender�a} Barrower's rights�o any insurance proGeeds in an amount <br /> no��o exceed �he amaunts unpa�d und�r the No�e or��is Se�uri�� �nstrument, and �b} any other of <br /> B�rr�wer's rights �o�h�r than the r�gh�to any refund of unearned pr�miums paxd by Borr�wer}under all <br /> insurance po�i�i�s co�ering�h�Proper��, insafar as such rights are appiica�i�to�he co�rerage of�he <br /> Proper�y. Le�der may use�he insuranc�pr�ceeds ei�her�o repair or res�ore the Proper��or to pay am�unts <br /> unpa�d under�he N�te or�h�s Se�ur�ty Ins�rument, whether or na��hen due. <br /> 6. Occupancy. Borrower shaii occupy, estabiish, and use t�e Property as Barrovv�r's principal residence <br /> w�tihxn 6a days after�he exe�u��on af th�s Securit� Instrumen�and sha�l cont�nue to occupy the Property as <br /> �arrower's principai residence for at�east ane year after�he date of�ccupanc�, un�ess L.ender otherwise <br /> agrees in writ�ng, wh�ch cansent sha�l not be unreasonably withheld, or un��ss extenua��ng circums�ances <br /> �xist v�rh��h are beyond Barrovver's cflntrol. <br /> 7. Preservat�on. Maintenan�e and PrvteGtian �f the Property; �nspections. B�rrou�er sha1� not destr�y, <br /> damage ar impa�r the Praperty, allow�he Prap�rty to de�er�orate ar commi.t waste on the Propert�. Vlrhe�her <br /> ar nat Borrov�er is r�siding in the Proper�y, Borrower shall maintain�he Proper�y in order�a prevent�he <br /> Prape�y from deteriorat�ng�r decreas�ng in�alue due�o its conditi�n. Unless i� is de�ermined pursuant t� <br /> Se��ion 5 tha�repa�r or res�ora�ion is not economucal�� f�as�b�e, Borrower�hall promptly repair the Proper�y <br /> if damaged t� a�ro�d fur�h��r de�erioration�r damage. �f insuran�e or c�ndemna��on proceed� ar�paid in <br /> Connecfi�n v�r�th damage�o, or�h��aking of, the Proper�y, Borrower shall be respons�ble for repair�n�or <br /> res�n�ring�he Prop�r�y only �f Lender has relea�ed procee��f�r such purp�ses. Lender may disburse proceeds <br /> N�gRASKA-5ingfe Family-�annie Mael�reddie Mac UN(��RM 1NSTRUM�NT Form 3Q28 1101 <br /> VMP� VMPfi�NE�t1342y <br /> Waiters Kluw�r�ir�ar�ciaf 5er�ices Page 7❑f 7 7 <br />