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2� 17��31 �
<br /> All �nsuranGe pol�c�es require�by Lender and renev�aa�s of such poiici�s shal�be�ubjeGt�a Lender's right�o
<br /> disappro�e such p��icies, shai� inciude a standard mort�age c�ause, and sha�� name Le�der as mor�gagee
<br /> andlor as an add�tiona� �oss paye�. Lender shall hav��he righ��o ho�d the po��c�es and renewal cer�ificates. �f
<br /> Lender requires, Borrav�rer sha�l prompt��g�ve t� L�nder al� receipts of paid premiums and renewa� not�ces.
<br /> �f Borrower ob�a�ns any fnrm�f insurance co�erage, n�t o�herv�r�se r�quir�d�y Lender, f�r damage to, �r
<br /> destru�tian of, the Praper��r, such policy shal� include a standard mor�gage clause and sha�l name Lender as
<br /> mor�gagee andlor as an addi�ional loss pa�ee.
<br /> In the even�of loss, Borrower shal�gi�e prampt no�i��ta�he�nsura.nce Garrxer ar�d Lender. L.ender rnay
<br /> mak�proof af loss if not made promptly b�Borrower. Unless Lender and Borrower a�h�rv�r�s�agree in
<br /> wr�ting, ar�y �nsurance proceeds, whether or not the underlying insurance was required�y I�ender, sha��be
<br /> applie�i�o res�flration or repair of fhe Property, if the restorat�an or repa�r is economical�y feas�ble and
<br /> L.end�r's��ur�ty �s not lessened. During s��h repair and restoration peri�d, Lender shall ha�e the right ta
<br /> hald suc�i�suranc�proceeds un�il L,end�r�.as�ad an oppor�unity to �nspect such Property�a ensure the
<br /> work has been comple�ed ta L.ender's sa�isfaction, prov�ded�hat such �nspection sha�i be under�aken
<br /> promptly. Lender may disburse proceeds for the r�pa�rs and restoration in a s�ng�e pa�ment or in a ser�e�of
<br /> � progress payments as the work is c�mpleted. Unless an a�r�ement �s made in wri�ing or Appl��ab��Law
<br /> requxres interes���be pa�d on such insuran�e pro�eeds, Lender shall not be required to pay Borr�w�r any
<br /> inter�st or earnings on such proceeds. Fees for pub��c adjus�ers, or a�her third par��es, reta�ned by Borrnwer
<br /> shall no�be paid ou�of the in�urance proceeds and shal�be the sole ob��ga�ion of Borra�er. �f�he restorat��n
<br /> or repair��no�econami�all� feasib��ar Lender's sec�ri��wauld be�essened, �he�nsurance proc�eds sha��be
<br /> applied to the sums secured�y�his Security �nstrumen�, whe�her�r n�t�h�n due, with th�ex�ess, if any,
<br /> pa�d to B�rrov�er. Such insuranc�proceeds sha���e a���ied �n�he order provid�d for�n Sec�ion�..
<br /> If Borrawer abandans�he Prnperty, L.ender may fi�e, negat�ate and sett�e any avai�able�n�urance c�aim and
<br /> related ma�t�rs. If Borrovver does no�respond within 30 days�o a notice fron�L.�nder tha��he insurance
<br /> carrier has offered�o set�le a cla�m, �hen I..�nder may negotiate and set�le�he�laim, The 3��day�eriod wi��
<br /> begxn when�he no�ic�is given, �n either event, or if Lender acquires�h�Proper�y und�r 5e�cc�ion 2�or
<br /> othervvise, Borrow�r hereb�ass�gns�o Lender�a� Barrovwer's rights�o any insurance proceeds in an amoun�
<br /> not ��ex�e�d the amounts unpa�d under th� Note or this Secur�t� �nstrumen�, and �b� any��her of
<br /> B�rrower's righ�s ��ther�han the right ta an�r refund af unearned prem�ums pa�d b� Borrower}under a11
<br /> insuran�e po��c�es���ering the Property, �nsofar as such rights are appl�ca�ie to�he co�rerage of�he
<br /> Prop�r��. I.�nder may use the i�surance proceeds either to r�pair or res�nre the Praperty or to pa� amounts
<br /> unpaid under the Nate flr�h�s Se�urity�ns�rument, v��ether or na��hen due.
<br /> 6. ��cupancy. Barr�wer shall oc�upy, es�ablish, and use the Property as Borrower's princ�pal residen�e
<br /> with�n d0 days after th�execu�ion of th�s S��urity�ns�rument and sha��continue to occupy�he Pr�per�y as
<br /> Borrower's pr�ncipal r�siden�e for at�east one year aft�r the da�e of o�cupancy, unless Lender o�herwise
<br /> agrees in writ�ng, v�hich�ons�nt shall not be unreasonab�y wi�hhe�d, or unless e�.�enua�ing�ircumstances
<br /> exis�wh�ch are�eyond Borrow�r's con�roi.
<br /> ?� Preser�atian, Maintenance and Protectior� af the Praperty: �nspectians. Borro�rer sha��no�des�ra�,
<br /> darr�ag�or�rr�pai��he Proper�y, a11ow th��'r��erty to deteriarate flr cammit�aste on the Prop�r�y. 'L�hether
<br /> or not Barrow�r�s resid�ng in the Property, �ar�-flvver sha11 maintain the Praper�y in order to pr�vent the
<br /> Property from deteri�rat�ng or decreasing in�alue due to i�s c�ndition. Uniess i�is d��ermin�d pursuant�o
<br /> Sec�ion 5 �ha�repair or res�ora�ion is not ecanomically f�asi��e, Borrower sha��pr�mpt��repair�he 1'roperty
<br /> if damaged ta a�oid fur�h�r de�eriaration or damage. If insuran�e or c�ndemnation pr�ceeds are paid in
<br /> �onr�ec�ion w�th damage�a, or�he�aking of, the Proper�y, Borrov�er shall be r�sp�ns�ble for repairing or
<br /> restoring the Prop�r�y �n�y �f�...�nder has re�eased proceeds far such purposes. Lender may disburs�proce�is
<br /> N�BRASKA-Singie Fami[y-Fannie Mael�r�ddie Mac UNl��RM 1N5TRUM�NT Form 3428 710"f
<br /> VMP[� VMP6�NEf t130�}
<br /> Wolters Kluwer Financia�Ser�ices Page 7 of�7
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