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2� 1 ��8748 A�l insuran�e policies required by Lender and renewal� of such paiic�es shali b�sub�ect to Lender's right to disapproWe such policies, sha1� �nc�ude a standard mortgage clause, and shall name Lend�r as mor�gagee andlor as an addi�iona� loss payee. L.�ender shall ha��he right to hold�he pa�icies and renewal cer�ificates. �f Lender r�qu�res, Borr�wer shall prompt�y g�ve�o Lender a�i rece�p�s of paid prerniums and renewal n�tices. �f Borrower obtains any form of�nsurance�overa�e, not�therwise required by L�nder, f�r damag��o, or destru��ion of, �he Praper�y, such pol�c�sha�l inc�ude a s�andard mor�gage clause and shai� name Lender as mor�gagee andlor as an add�tio�aai ��ss pa��e. �n�he e�en�of loss, Borrawer sha�i g��e promp�no�ice to the insurance�arrier and Lender. Lender may make proof of Ioss �f no�made gromptly b�Borrow��-. Unless Lender ar�d Barrow�r otherwise agree in wri�in�, any insurance proceeds, whe�her or not the underly�ng insurance was required�y Lender, sha�� be applied��r�storat�an or repair af th�Proper�y, �f the rest�ra�i�n tir repazr�s ecananr�ca�� f�asib�e and Lend�r's secur��is no�lessened. During such repair and res��ra�ion periad, L,ender sha�i ha�e�he righ�to hold such insurance pr�ceeds unt��iaender has had an�ppartun�t�to inspect su�h Praper��o�nsure the v�ork has�een c�mp�eted�o Lender's satisfact�on, pro�id�d that suc� inspec��on shal�be undertaken prom�t�y. Lender ma�disburse proceeds far the repairs and res�ora�ian in a s�ng�e payment or in a s�ries of progress payments as�he work is c�mp�eted. Unless an agreement is made in v�rri�ing ar Appl�cab�e Law r�qu�res int�rest to be paid on such�nsurance proc�ds, Lend�r shall not be required to pay Borr�v�rer any interest or earnings�n such proce�ds. Fees for pub�ic ad�us�ers, or other�hird par�ies, reta�ned by Borrower shall not be pa�d�ut af the insurance proceeds and sha�� e the s��e obl�gat�on of Borrower. �f the restaration or r�pa�r is not economica�ly fea��ble�r Lender's securi�y�ould be lessened, ��.e�nsurance proceeds sha1�be app�ie��o �he sums secured by�h�s Se�ur��y �ns�rumen�, v�he�her or not then due, with�he excess, if any, paid to Borr�wer. 5uch insurance prac��d��ha��be appl�ed �n the order prov�de�. far in Section 2, �f Borror�rer abandons the Pr�pe�:y, Lender ma� �ile, negotia�e and settle an�r a�ai�a�le insurance c�a�rn and rela�ed ma��ers. If Borrov�er does not respond��vi�h�n 3D days to a nat�ce frorn L.ender tha��he insurance carrier has offer�d to settle a cla�m, �hen Lender rna�nega�iate and set�le the claim. The 3�-da�per��d w�ll �begin when the not�ce is gi�en. �n ei�her��rent, �r�f Lender acquires the Proper��under Section 22�r atherw�se, Barrower hereby assi�ns to Lender�a} Borrower's ri�h�s �a an�r insurance pro�eeds in an amoun� nat to�xc��d the amounts unpa�d under the I�o�e or this S�curi�y Instrumen�, and�b} any other af Borrawer's righ�s �oth�r than the r�ght to an� refund of unearned premiums paid by Barrower}under a�l �nsurance p��ic�es cov�r�ng�he Pr�per�y, insafar as such r��h�s are applicable to�he coverage af the Propert�. L�nder may use the insurane�proceeds ei�her to repair or r�s�ore the Propert��r to pay am�unts unpaid und�r�he Note or this Secur��y �ns�rument, whether or nat th�n du�. 6. �ccupancy. Borrov�er shali occupy, �stabl�sh, and use the Property as Borrflv�er's princ�pa� residen�e w��hin 5�da�s af�er�he ex�cu�i�n af this Securi�� ns�rument and shal�con��nue ta�ccupy�he Proper�y as Borrower`s pr�nc�pal residence far at Ieast one year after th�da�e af ocCupancy, un�ess L.ender��h��-�vise agrees in wr�ting, wh�ch cans�n�shall not be unreasona�b�� wi�hheld, or unless ex��nuating circums�anc�s exis�which are�ey�nd Borrower's contro�. 7. Preser�at�on, �a�ntenance and Prvtectian of th� Praperty; lnspections. Borrower sha11 no�des�ro�, damage or impa�r�he Praperty, ai��w the Praperty�o�eteriarate or co�t waste on�he Praper��. Whether ar no�Borr�wer is res�ding in�ae Proper�y, Borrower shali ma�ntain�he Property in orde�to prevtn��h� Prflperty from deteriarat�ng or decreas�ng in va�ue due tfl �ts conditi�n. Un�ess it is d�termined pursuant to Sect��n 5 �hat repair or re��oration is no�e�onamically feasible, Borrower sha��prompt�y repa�r�he Proper�y if damaged�o a�oid fur�her deteriora�ion or damage. If�nsurance�r cond�mnation proce�ds are paid in connec�ion w�th damage t�, or�he taking�f, �he Property, B�rrower shal�be respons�b��for repa�ring or restar�ng the Proper�y anly �f Lender has rel�ased proceeds for such purpases. Lender may disburse proc�eds N�BRASKA-5ingle Famiiy-Fannie Mael�reddie Mac UNlF�RM fNSTRUMENT �or►n 34�8 11Q1 VMP[� VMPfi{NE}t13Q2f Wvlters Kl�wer FinanGial Ser�ic�s Page 7 af 17