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2� 17��724 All insura�nce poli�ies required�y Lender and renewa�s�f suc�polic�es shall be subject�o Lender's r�ght ta disappro�e such po��cies, shall include a sta�adard m.ortga�e c�ause, and shall name L�nder as m�r�gagee andlar as an addi�iona� ��ss pa}�e�. Lender shal� have th�righ��o hold�he policies and ren�wal cer��f�cates. �f Le�der requires, Borrower sha��prompt�y g��e�o Lender all receipts nf paid premiums and renewal na�ices. If Borrov�er obtains any form of insuranc�coverage, not athe�v�se requ�red by Lender, for damage to, or destructian of, �he Pr�per��, such po�icy shali �nclude a standard mor�ga��c�ause and shal� name Lender as mor�ga�ee andlor as�n a�di�ianal Ioss payee. �n�he e�en�of Ioss, Borrower shali gi�e promp�nn�ic�to�he�nsurance�arri�r and Ilender. L,ender may ma�e proof of�ass if n�t made prampt�y by Borrovver. L�n�ess L.�nder and Borr�wer otherwise agr�e in wr��n.g, any insurance�roceeds, whe�her or n��he under�yi�g insurance was required by Lender, sha11 be applied to res�ora�ion or repair of the Proper�y, if�h� r�storati�n or repa�r is econam�ically feas��le and I.ender's securit�is not�es�ened, Dur�ng such repa�r and restoration periad, Lender shal�ha�e the righ�� ho�d such insurance praceeds un�il Lender has had an oppor�unity to �nspec�su�h Pr�per�y to ensure the work has be�n comp��t�d to L.�nder's satisfaction, pra�ided that such inspec�ion shall be undertak�n promptly. Lender ma}�disburse proceeds for the repairs and restoration in a sing�e payment or�n a ser�es of progress pa�m�nts as the work is c�mple�eci. Un�ess an agr�em�nt �s made in writing or App�icab�e Lav� requ�res interest to be pa�d on such �nsuran�e proceeds, Lender shall no��e required to pay Borrower ar�y in�er�st or earn�ngs on such proce�ds. Fees for pu��ic ad�usters, or other third par��es, retain�d�� Borrower shali no�be pa�d ou�af the insurance proceeds and shal� be the sa�e obl�ga�ion of�orrawer. �f the res�oration or repair is not econamica��feasib�e or Lender's s�curity wflu�d be lessened, �he insurance prace�ds shall be applied �o�he sums secured b�this 5ecur�t� Ins�rumen�, wh��her�r no�then due, vv�th the excess, if an�, pa�d�o Borrower. Such �nsuran�e proc�eds shai�be appl�ed in�he order pro�ided for in Sec��on 2. If Borrower abandons the Property, I.�nder may��e, n�g�tiate and settle an}� a�railable insurance c�aim and related matters. �f Borrov�rer daes not resp�nd within 3�days�� a notice from Lender that the insurance �arr�er has off�red�o sett�e a�Iaim, �h�n Lender ma�neg�t�a�e and se��le th��a�m. The 3D-day period�r�l� �egin v�he�the not�c� is g�ven. �n ei�her e�ren�, or if Lender acquires the Proper�y under Se��ion 2�or o�her�v�se, Borrower hereb�assigns to Lender�a} �arrower's r�gh�s�o any insurance proceeds in an amount not�o exceed�he amaun�s unpaid under the No�e ar this S�cur��y �ns�rument, and�b} any o�her of Borrower's ri�h�s �o�h�r than�he r��ht to any refund of unearned premiums paid by Borro��r}under all insurance po�icies co�ering the Praper�y, insofar as such r�ghts are app��cab�e t��he coverag�af�he Prope�y. L�nder may use the insuran�e proc�eds�ither ta repa�r�r restore the Proper�y or t��a� amaun�s unpaid under�he Note�r�h�s Security �nstrurnent, whe�her or no�then due. 6. Dc�upancy. Borrou�er shal�occupy, �5��3��5h, and use�he Property a.s Borr�wer's pr�ncipa� res�dence w�thin 6�days aft�r the e�ecution of this Securi�y �ns�runZent and shal� continue ta oc�up��he Pr�per�y a� B�rrovver's principal residence f�r at least�ne year after�he date of occupanc�, unless Lender o�herwise agrees in writing, vcrh�ch consen�shall not be unreasonah��withheld, �r unless�xtenuating�ircums�ar�ces �xist wh�ch are beyond Bor�rower's�an�ro�. 7. Prese�Wation, N�air�tenance and Pratectian of the Property; lnspect�ons. Barrower shall no�destro�, dama�e�r impair�h�Prop�r�y, a��o�r �he�rvper�y�o deteriora�e or comt.mi�waste on the Proper��. �he�her or not Sflrrovv�r�s residing in�he Praper�y, Borrovver shail main�ain the Proper�y in order�o pre��nt the Pr�pert� from d��eriara�ing or d�creas�ng�n�alue due to i�s c�ndit�on. Un�ess it�s determined pursuant to S�ction 5 �a�r�pair or rest�ration is no�e�onoxnically feas�ble, Borrov�rer shai�promp�l� repa�r�he Propert� if dama�ed�o a�r��d fur�her deteriflratian or damage. If insurance ar c�ndemna��on praceeds are pa�d in con.nect�on wi�h damage to, or the�aking of, the Pr�per�y, Borrower shall be�-esponsible for re�a�r�ng or rest�ring�he Property only if L.ender has re�eased proc�eds for su�h purposes. Llender may d�sburse proceeds NEBRASKA-Single�amily-Fannie Mael�reddie Mac UNl�ORM INSTRUMENT �arm 3D�8 7141 VMP Q VMPfitNEy��3�25 Walters Kluwer Finar��ial 5er�i�es Page 7 of 17