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201107697
<br /> All insurance policies required by Lender and renewals of such policies shall be subjact to Lender's right to
<br /> disapprove sucli policies, sUall iuclude a standard mortgage clause, and shall name Lender as mortgagee
<br /> and/or as an additional loss payee. Lender shall have the right to hold Cl�e policies and renewal cerCi'cafes, if
<br /> Lender requires, Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices.
<br /> If Borrower obtains any form of insurance covexage, not otheiwise requ3red by Lendee, for damage Co, or
<br /> clestrucCion of, the Properry, such policy shall include a standard moxtgage clause and shall name Lender as
<br /> mortgagee and/or as an addirional loss payee.
<br /> Tn the evenC of loss, Bocrower shall give prnmpt uotice to the insurance carxier and Lender. Lender may
<br /> make proof of losa if not tnade promptly by Borrower. Unless Lender and Rorrower oeherwise agree in
<br /> writing, any insurance proceeds, wl�ether or not the underlying insuranee was rec�uired by Lender, shall be
<br /> .ipplied to r�storation or �epair of Che Property, if the restoration or repair is economically feasible nud
<br /> Lender's securiry is noC lessened, Duriug snch repair<md restocation period, Lznder shall liave the right to
<br /> hold such insurance proceeds until Lender has had an oppor[uniry to inspect such Property to ensure Chc
<br /> work has beei�completed to Lender's saCisfaction, provided ChaC such inspection shall be underlaken
<br /> promptly. Lender mtty dieburse proceeds for Che repairs and restoration in a single payment or ]n a series of
<br /> progress paymcnCs as the work is eompleted. Unless an agreement is made in writing or Applicable Law
<br /> rcquires interest to be paid on sucli iusmance pmceeds, Lender shall not be required to pay Boxrower any
<br /> inCerest or earnings on such proceeds. Fees for public adjusteis, or other thied parties, retaine�i by Borrowec
<br /> shall not be paid out of the insuruice proceeds and shall be the sole obligation of Borrower. If tha restoraeion
<br /> or repair is not economically feasible or Lender's seeuriCy would be lessened, the insurance proceeds ehall be
<br /> applied ta tlie sunis secured by Chis Security InsYrument, whether oT not then due, wich the excess, if wy,
<br /> paid to Borrower. 3uch insurance proceeds sliall Ue applied in the order provided for in Sec[ion 2.
<br /> If Borrower abandons the Properry, Lender may file, negotiate nnd settle any available insurance claim and
<br /> rclated malCexs. If Borrower does not respond witl�in 30 days to a noCice from L.ender Yhat the iusurance
<br /> earrier has ofFered Yo settle a claim, then Lender may negoCiaCe and seCtle the claim. The 30-d�ry period will
<br /> begin wheu tlie notice is given. Li either evenC, or if Lender acquires the Propeity uiider Section 22 or
<br /> otherwise, Borrowc�r hereUy xssigns to Lender(a) Borrower's righ[s to any insurancc procceds in an amount
<br /> not to excaed the amounYS unpaid under the NoYe or this Security Instru�izent, and (b) any other of
<br /> Rorrower's righcs (ofher than the riglit Co any reftuid of unearued premiums paid by Sorirower) under all
<br /> insurance policies covering the Property, inso'Car as sueh rights are applicable to the coverage of lhe
<br /> Prpperty. Lender may use the insurance proceeds either to cepair ox restore the ProperCy or Co pay amoui�Ys
<br /> uiipaid under the NoCe or Chis Security InsCru�nent, whether or not then clue.
<br /> 6. Occupancy. Borrower shall occupy, establish, and use the Property as&orrowec's principal residenca
<br /> within 60 days after the exeeution of tliis Security Instcument and shall continue to oceupy the Property.is
<br /> Borrower's principal residence for at least one year after the date of oeeupancy, unless L,evder otherwise
<br /> agrees in wriYing, wl�iel�conaent shall not be unreasonably withheld, or unless exteimating circumstances
<br /> exisY whicl�are beyond Barrower's conCrol,
<br /> 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy,
<br /> damage or impair tlie Propetry, allow Che Peoperty to deterioraYe or covmiit waste on thc Proparty. Wheeher
<br /> or not Borrower is residing in Che Properry, Borrower sl�all maiutain the Property in order to prevent tl�e
<br /> Property from deterioraCin�or deereaeing in vahie due to its condition. Unless it is deCermiued pursuant t�
<br /> Section 5 chat repair or resCoraCion is not economically feasible, Borrower shall pinmptly xep�iix the Property
<br /> iP damaged Yo avoid further deterioration ox damage, If insurance or condemnation proceeds arc paid in
<br /> connection witli damage ro, ox the Taldng of, Uie Property, Borrower shall Ue responsible'Cor repairii�g or
<br /> restoring the Properry only if Lender has relensed proceeds for such pu�poses. Lender may disUurse proceeds
<br /> 231188
<br /> NE�RASKA-Single family-Fannie MaelFreddle Mac UNIFORM INSTPUMENT fvrin 3029 1101
<br /> yry�p� VMP6WE)111061
<br /> Wolters Kluwer Flnanclal Sorvin�s Pneo%of 1%
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