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2� 17��5 A�i irisurance pa��c�es required by Lender and renewal� of such po�ic�es shal�be subje�t to Lender's �-�ght to disapprove such pol�c�es, sha�� include a standard mor�gage claus�, and shal�nam� Len�er as mortgagee andlor as an add�tia�.a��ass pa�r��. Lend�r shal�have the right��ho�d�he policie� and renewa�cer�if�ca�es. If Lender requ�res, Borrov�er sha�l promp�ly�ive to I.�ender aI� rec�ipts af paid prem�ums and renewa� no�ices. �f Borrower obtains any f�rm of�nsurance�overage, not othe�-v��se required by Lender, f�r damage�o, �r des�ruct�on of, �h�Proper��, such po�ic�shall include a standard mar��age clause and sha�l name Lender as mor�gage�andlor as an add��ona� �oss paye�. �n th�even�of��s�, Borrower shall g��e prampt n�txce�o the insurance carrier and Lender. Llender m.ay �nal�e proof of�oss if not rnade�ram��y by Borrov�er. Uniess Lender ax�d Borrower�therwise agree �n writing, a�ny insuranG�proceeds, w�.e��er�r no��he underl�ing �nsuranc�was requ�red by Lender, shall b� app��ed�a restora�i�n or repa�r of tne Prope�y, if�h�res�oratifln or repa�r�s econamica�ly feasible and. Lender's security is not lessened. Dur�ng such repaz�r a.nd res�orat�on per��d, Lender sha��ha�r�the right�o hold such�nsurance proc�eds unti� �..,�nder has had an�pp�r�uni�y to inspec�su�h Pr�per�y ta ensure the �ork has b�en comp�e�ed t� Lend�r'� sa��sfac��an, pro�ided�hat such inspec�ion sha��be under�aken pr�mptly. Lend�r may disburse proceeds fc�r the r�pairs and rest�rat�an in a sing�e pa�ment or in a s�r��s�f progress pa�rmer�ts as the work is compl��ed. t�n��ss an agreemen�is made in wri�ing or App��cab�e La�v requ�res in�eres��fl be paxd an such�nsurance praceed�, I�ender sha��no�be r�quired�a pa�Borraw�r any zn�erest or earn�ngs on such proceeds. Fees for publ�c ad�us�ers, or��her�hxrd par�ies, retain�d��Borr�w�r shall not b�paid ou�of the insurance proc�ds and shal��he sole��iga�zon af Borrower. �f�he restora��on ar repa�r�s na��conom��al��r f�asible or Lender's securi�y ulauld be�essened, �he insurance proceeds shal��e applied�v�he sum.s secured by�h�s Security Instirumen�, whe�her or na�then due, wx�h th�excess, �f any, paid�o Borrower. Suc��nsurance pr�ceeds sha�l�e appiie� �n th�order pro�ided for in S�ction�. If Borrov�er abandQns�he Praper�y, Lender may file, nego�iate and settle any a�a�iable insuranc�clainl and r��ated mE.a��ers. �f Borr�wer does not respond v�ri�hin 3�days to a n��ce fr�m L.ender tha�the insurance carrier has offered�o se�t�e a cla�m, �hen Lender may negot�ate and se��le�he claim. The 3�-day period wii� begin v�hen�he notic�is g�ven. �n e��her e�en�, or�f Lender acquires�he Proper�y under Secti�n 22 or otherw�s�, Barrow�r her��y as�igns�o Lender�a} Borrower's r��h�s t�any insurance proceeds in an am�unt na�to exceed�he am�unts unpaid under t�e Note or this Securi��r �nstrument, and�h} an��ther af Borrow�r's rzg�.ts �other than th�right�a any refund af unearned prem.�.ums paid hy Borrower}und�r a�l insurance polxc��s co�ering�he Propert�, in�ofar as such righ�s are applicab�e to�he co��rage�f the Praper�y. I�nder may use the insuranc�proceeds�ither�o repair or res��re the Proper��or��ay amaunts unpaid under the Note or�his Securi�y�ns�rument, whe�her or no��hen due. �. Dc�upancy. B�rrov��r shali flccupy, establish, and use�h�Proper��as Borrower's pr�r�c�pal res�d�nce v�i�hin�D days after the execut�on of this �e�uri�y�ns�rument and sha�� con��nue to accupy the Property as Barrower's prin�ipa�residence far a��eas�one year after the dat�of occupanc�, unless Lender o�her�vise agrees in wr��ing, which consen�shail n�t be unreasonab�y vvithhe�d, or un��ss e�tenuat�ng c�rcums�ances exxs��v�i�ch are beyond Barrower's con��o�. 7. Preser�ati�n, Maintenance and Protection �f the Pr�perty: �nspe�t��ns. Borrawer shall not destro�, damage�r impaxr�he Pr�per�y, all�v��he Proper��to deterivra�e or comr�ut waste on the Proper�y. �Vhe�her �r no�Borrawer is res�ding in�he Property, Borrower shal�maintain the Proper�y �n order��pr��en��he Prop�r�� from d�ter�orat�ng or decreas�ng in vaiue due to its cand�tic�n. Un�ess it is de�erm�ned pursuant�o Sec�x�n S that repa�r�r res�orati�n�s nat ecanomically feasible, Borrawer shal�promp�l�repaxr the Pr�per�y �f daxnaged tfl a�aid furt�er deteriara��on or damage. If insuranc�or�ondem.na��n praceeds are paid in �onne��on w�th damag��o, or the taking�f, �he Pr�per�y, Barrower sha�l be responsi��e for repa�ring or res�oring�.he�'r�per�y onl��f Lender has re��ased proc�eds for such purposes. Lender may disburs�proceeds N�BRASKA-Singte Family-Fanr�ie MaelFreddie MaG UNtFDFtM INST#�UM�NT �arrr►3Q28 1101 VMP� VMPfi�NE}�i 3a2f Wotters Kluwer Finar�ciaf 5er�ices Page 7 of 17