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201107695
<br /> All insurance policies required by Lender and renewals of such policies shall be suUject to Lender's right to
<br /> disapprove such policies, sl�all include n standard mortgage cl�use, azid shall name Lender as mortgagee
<br /> and/or sis an additional loss payee. Lender shall have the right to hold the policies and renewal certiPicaCes. If
<br /> Lendex requires, Borrower shall promptly give to Lender all receipCS of paid pxemiums and renewal notices.
<br /> IP Rorrower obCains any fonn oC insurance coverage, noC ofherwise required by Lender, for damage tn, or
<br /> destraction of, the Properry, such policy shall include a staodard mortgage clause and shall name Lender as
<br /> mortgagee and/or as an additional loss payee.
<br /> In the event of loss, Borrower shall give prompt notice to tlie insurauce carrier and Lender. Lender maiy
<br /> make proof of loss if uot made promgtly by Borrower. Unless Lender and Borrower otherwise agree in
<br /> writing, any insuiance proceeds, whether ot not the underlying insurance was requixed by Lender, shall be
<br /> applied to restoration or repair of the Property, if Clie resYOraCion or repair is economicnlly feasible and
<br /> I,ender's securiCy is not lessened. During sach repair and resroraHon period, Lender shall have the right to
<br /> hold sucli insurance proceeds until Lender has h�d mi oppoMunity [o inspect such Property to cnsure the
<br /> work has been completed to Lendex's sutisfaction, provided that such inspecCion shall be undertaken
<br /> promptly. Lender may disburse proceeds fox the repaixs and restoration in a single payment or in a series of
<br /> progress payments as the work is compleCed. Unless an agreement is made in writing or Applicable Law
<br /> requires interest to be paid on such insurance proceeds, Lender shall not be requiied to pay Borrower any
<br /> interesC or earnings on such proceeds, Pees for puUlic adjusters, or other third paz•ties, retained by Borrower
<br /> shall not be paid out of the insurance proceeds and shall be tlie sole obligation of Borrower. IP fhe restoration
<br /> or repair is not econoruically feasible or Lendcr's securiCy would be lessened, the insurance pmceeds shall be
<br /> applied Co the sums secured by this Security Instrument, wheUier or noC then due, with the excess, if any,
<br /> paid to Borrower, Such insurance proceeds shall Ue applied in tlie order provided for in Section 2.
<br /> If Borrower abandons che Property, Lender may file, negotiaCe and settle any avallable insurance claim and
<br /> related matCers. If Borrower does noC respond within 30 days to a notice from Lender tl�at the insurance
<br /> carrier lias of£ered Co seCfle a claim, tlien Lender may negotiate and settle the claim. The 30-day period will
<br /> begin wlien the notice is given. In eitlier event, or if Lender acquires the Propexty under Section 22 or
<br /> otherwise, Borrower hereby assigns Tc� Lender(a) Borrower's righCs to any insurance proceeds in an amount
<br /> noC Co exceed the amounCs unpaid under Che Note or this Seeurity Instrument, and (6) any other of
<br /> Borrower's rights(other than the right Co any refund of unearned premiume paid by Boxcower) under all
<br /> insurunce policies covering the Property, insot'ar as such rights are applicable to the coverage of the
<br /> Proper�y. Lende�may use che insurance proceeda eitlier to repair or restore the Propexey or to pny unoui�ts
<br /> unpaid under the Note or Cl�is Seeuriry InsC�ument, wheCher or not then due.
<br /> 6. Occupancy. Borrower shall occupy, establish, and use the Property ae Bormwer's principal residence
<br /> within 60 days after the execution of tliis SecuriYy IosCrumenY and shall contiime to occupy the Property as
<br /> Borrower's principal residenoe for at least one yelr after the date of oecupancy, unless Lender otherwisc
<br /> agrees u�writing, whicli consent shall not be unrensonably witl�held, or unless extenuaCing circumstances
<br /> exist wliich tu�e Ueyond Barrower's control.
<br /> 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy,
<br /> damage or impair tl�e Property, allow the Property Co detcrioraCe or commit waste on the ProperYy. WIieCUer
<br /> or noC Borrower is residing in tha Property, Borrower shall maintain Yhe Property iv order to prevent tl�e
<br /> Property from deteriorating or decreasing in vahie due to its condition. Unless it is detenninecl pursuant Co
<br /> Sectinn 5 thaC repair or restoraYion is not economieally feasiUle, Borrower shall promptly repair Chc Property
<br /> if dunaged to avoid further deterioration or dtmiage. If insurance or condemnaCion proceeds are paid In
<br /> connectiozi with dunage ta, or the takin� of, Che ProperCy, Eorrower shall be responsible Por repairing or
<br /> restoring fhc Property only if Lender has released proceeds for sucli purposes. Lender may disburse procecds
<br /> 231109
<br /> NEeRASKA-Single Femlly-Fannie MaelFreddie Mac UNIFOFM INSTRUMENT Porm 3028 1101
<br /> VMP� VMP6WE)11106)
<br /> Wolters Kluwm Finannlal Servlcos Pqyo]of 1]
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