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<br /> . . � 17��9�3.
<br /> be underta�en pramptly.Lender may d�sbu�-se pracee�ls far t�ie repairs and res�o�at�an in a s�n�le payme�t or in a series of
<br /> pragress payments as the work i�comp�e��d.LJn�ess an agreemenf is mad�in writing ar Ap�licab�e La�requ�res interes�
<br /> t�be paid on such insurance pra�eeds,�ender shall nat be requ�red�o pa�Bor�rov�er any interes#o�-earn�ngs on such
<br /> proceeds.Fees far public adjusters,or other�h�rd par�ies,retained by Borrower s�a�l no�be paid�ut of�h�ins�ranc�
<br /> pra�eeds and shall be the sale obligati�n af Borrowe�.If the restorat��n vr repair is nat economically feasi��e o�Lender's
<br /> s��urit}��vau�d be l�ssened,t�e�x�suxanc�proc�eds s�.ail be applied ta the sums secure�by this Security�nstrurn�nt,
<br /> �vhether Qr no��hen d��,with th�excess,if any,paic�to Borfavver.Suc�insurance proceeds shall he appl�ed�n th�orderr
<br /> �rovi�i�d�'or xn Se��ion 2.
<br /> If Borrovver abandons�he Pr�perty,Lent�er ma�r file,negotia�e and settle any availab�e insurance claim and re�a�ed
<br /> ma�ters.�f Borrower daes na�respond tivi�hin 3a da�s ta a no�ic�fram Lend�r�hat�he in�uranc�carrier�as c��`e�red�o
<br /> se��l��cla�m}then L���er may negotia�e an�.settle�he claim.The 3�--day periad�v��l b�eg�n�rhen the notice is gaven,�n
<br /> ei�her even���ar if Lender acquir�s the P�operiy und�r �ectian 22 ar axh�r�ise, Bar���v��hereby assi��to Lend�r
<br /> �a)Bvrr�vver's rights ta aray insurance pz�����ds in an amoun�n��to�xce�d�he am4un�s unpa�d under�he Nn�e�r�his
<br /> Security�ns�trument,and�h}any Qth�r of�3orro�ver's ri�ht��oth�r tha.z�the right t�any refund of unearned premiums paxd
<br /> by B�r�ower)under all insuranc�e pol�c�es covering th�P�op�erly,insofar a�such righ�s a�re appiicable to the�overage of
<br /> �he Praperty.Lende�rnay use the insurance praceeds either�fl repair or re��ore�h�Property or to pay amounts�npa�d
<br /> under the Note or�his 5e�ur�ty�n�trum�nt,vvhether or nat�he�d�e.
<br /> 6.�lccupancy.Borrvurer shall accupy,estab�ish,and us�the Property as Borr�we�r's principal residenc�within b�
<br /> day�af�er th�exe�ution of this�ecurity�nstrument and shall continue ta occu�y�he Frapert�as�3orravf►�er's pr�ncipal
<br /> residen�e fQr af�east on�year aft�r th�da�e afoc�upax�cy,un��ss Lender ot�erwise a�rees�n v�rriting,vvhich cansen�s�al]
<br /> no�be unreasonably wi�hheld,ar un�es�extenua�ing circumstances��ist urhi�h are bey�nd Bo�.-Qwe�-'s�ontro�.
<br /> '1.Preservation,Ma�n�enan�e and Pro�e�tivn of�he Prvperty}�nspe�tions.Ban�ower�hal�no�destroy,damage
<br /> ar impai�r the Prop�rty,al�ovv the Propert�to deter��rate or cammit waste an the Pro�p��y.'V�het�er o�r not Bflrrower is
<br /> residing in the Praperty, Barrower shail mai�tai�.�he Property in arder to p�ev�nt the Property from de�er�orat�ng or
<br /> decr�asing in valu�due��i�s c�ndi�i�n.Unless i�is d�termined pursuaz�t to Secfion 5�ha�repair ar r�storation is nat
<br /> �conc�mically feasab�e,Borrower�hall�rom�tl��epa�r the Pr�p�r�y if damaged t4 avo�d further dete�iarat�an or daxnage.
<br /> If in surance a�c��.de��aa�ian prac�eds are p aid in cannection w��h damage ta,�r t�.e ta�ing af,the�'roperty,B nrrower
<br /> shall 1ae respons�ble�'ar repairing o�r restoring�he P�c�p�r�r an1�if i�end�r has released pro�eeds fc�r such pur��s�s.L.e�.de�r
<br /> z�a.ay d�sburs����ceeds for�he re�a�rs and�estarat�or��r�a singie payme��or in a seFies af prog�res�paym�ents as the wark
<br /> is�ompleted.If the insurance ox condemna�ion proceeds are no�suffic�en��o�epa�r�x res�are�he Prapert�r,B�rraw�r is
<br /> nv�rel�eW�ci af B�rrower's alaligativn for�he campl�tiox�of such repa�r ar restor�tian. .
<br /> Lender ar���a�ent may make reas�na�le entr�es upon and inspectia�as of the Proper�y.If i��as r�asvnabl�e caus�,
<br /> �.end�r may�nspect the znterio�af the imprav�men��an�he P�oper�y.Lex�der sha�l gi��Barrow�r notice a��he�ime af or
<br /> �r�or�o such an in#erior i�spection speGxfy��g such reasvnable cause.
<br /> S.Borrower'�La�n Applic��iun.Bonraw�r shal��e in default if.,dur-�ng the Loan app�ication process,Borra�er�r
<br /> any perso�s or entities ac�n�at�he dir�ctxon of Borrow�r or v�ith Borrower's 1cn��Iedge or c�nsent ga�e materially
<br /> fals�, m�sl�ading, ar inaccurat� inf�nma�zon or statemen�s to L�ndear �ar failed to prv�r�d� �,end�r vvith material
<br /> informa.�ian} in �onnec�ian with the Loan. Mat�rial repres�ntat�ons include, bu�are no� linr�i�ed t�, representations
<br /> cancerr�ing Sa�c�wer's accupar�cy of the praper�}r as�onro�nre�'s�rincipa�residenc�.
<br /> 9.�'�-o�ec�ion af Lender's In��r�st in th��roperty and Rights Under�h�s Security�n�trumen�,�f(a}�orr�wer
<br /> fai�s to perform the�o��nants�nd agreemen�s con�ained in t�.�.s S�curi��nstrument,(b��here i�a l�gal grace�d�ng that
<br /> might s�gn�f�antty affec� L�nd��-'� in�erest in the P�oper�y andlor rights under�hi� Securi�y In�trum�nt �such a� a
<br /> proceeding in bankruptcy,p�rohate,fv���ndemna�ian or forfeiture,f�r enforce�nent af a lien wl��ch may atta�n prio�ity
<br /> oW�r�his Se�uri�y Instrument or�a enforce lavvs Qr regu�ati�ns},or�c�Bvrr�wer�a�a�andvried the Pr�p�rt�,�hen Len�.er
<br /> �a�do and pay f�r�hatever��reasonable or a�propr�ate tr�protec�Lender's inte�est in the Proper�y and righ�s under this
<br /> NEBR1�Si�4�5ingle Family-�annie MaelF�eddie I�ac�NIFDR�I INSTRIlI�ENT Farm 3��8 11�D'I
<br /> � Pa�e 5��13
<br /> �os,���.-�1s�s B�rro�ver�s}Init�als
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