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��14�3�99 A�� xnsuran�e po�icies required��Lender and rene�als of such polic�es sha11 b�subject to Lender's right to d�sappr�ve such pa��cies, shall �nclude a s�andard mor�gage c�ause, and�ha11 nam�Lender as mor�gag�e andlor as an add�tional ioss payee. I�:nder sha�l have the r�gh�to hold��e po�icies arid renevva�cert�f��ates. �f Lender require�, Borrow�r sha�I pramptly give�a Lender a11 r��eipts of pa�d premiums and renewal not�ces. Zf Borrower ab�ains any form of insurance co�erage, na�other�rise requ�red by Lender, far damage�a, ar des�ruction af, the Propert�, such policy sha11 �nclude a s�andard rnartgage��ause and shall name Lend�r as mor�gagee andlor as an addi�ional loss payee. �n the event of 1ass, Borr�wer sha��give prampt no�ic��o the xn�urance carrier and Lender. Lender mE.ay make proaf�f lass if na�made prampt�y by Barrower. IJnless Lender and Borr�wer�therw�se agree in wri�zng, ar�y insurance pra��eds, whe�her or n�t the under�ying insurance was required b�r Lend�r, shall be app��ed��res�ora�ian vr repa�r of the Pr�per�y, �f the res��ration or repa�r is economical�y feas�ble and Lender'�secur�ty is no��essened. During such repa�r and r�s�ora��on perivd, Lender shall h�ave the righ��o h�ld such insurance proceeds unt�l Lender has had an o�par�unity to inspec�such Proper�y�o ensure the work has been c�mp�eted to Lender's sa�isfaction, pr�vided�hat such�nspec�i�n sha��be undertaken promp�ly. Lender may disburse pr�ceeds for�he repairs and res�arat�on in a sing�e paymen��r in a series of � progress paymen�s as the v�rork�s Comp�e�ed. Unless an agreemen�is made i.n v�ri�ing�r Appiicable Law requ�res �n�eres��o be paid on such insurance proceeds, Llender�ha�l no�be required to pay Barrower any �n�eres�ar earr�ings on such pr�ceeds. Fees for publ�c adjust�rs, �r other�h�rd par��s, reta�n�d by Bvrrower sha11 no��e pa�d out nf the�nsurance pra��eds and sha��be the s��e obliga�i�n of Barr�wer. If�he res��rat�on or r�pa�r is n��ecanon�ica��y feasih�e or Lender's s�curit�wou�d be�essene�, the insurance praceeds sha11 be applied to the sums se�ured by th�s S��ur�ty�nstrumen�, whe�her or not then due, with�he excess, �f any, paid to Borrower, �uc�insurance praceeds sha�l be appl�ed in the arder provided for�n S�ct�on Z. �f B�rrav�rer abandons the Proper��, Lender ma�r f��, neg��ia�e and se��e any ava�labl��nsurance ciaim and relat�d matters. If Borrower does no�respand within 3�days�o a n�t�ce frflm Lender�ha��he insura.nce carrier has�ffered�o se�tle a ciaim, �hen Ilender may negot�a�e and set�ie�he claim. Th�3D-day period w�1� ��ir��he��he�.o��;e�s gi�rer�. �n��her e�ren�, or�f Lend�r acquires�.�.e l�r��e�� u�c�e��ec�ior��a�4 otherv�ise, Borro�ver hereby assigns�a Lend�r�a� Borrov�er's rights to any insurance proceeds �n an amoun� no��exceed�he amoun�s unpaid under the Na��r this 5ecur��y �nstrum�nt, and�b} a�ay o�her of Borrow�r's r�gh�s �other��an�he righ��o any refund of unearned premu.ums paid b�Borrav�er�under a.�� �nsurance pol�cies co�ering the Property, insofar as such rights are applica�le to th�coverage of�he Proper�y. Lender may use the insurance pr��e�ds�i�her to repaxr or restare�he Property ar to pay amoun�s unpaid under th�Note ar�his S�cur�ty�nstrument, whether or not then due. 6. t]c�upancy. Borrovsrer sha�I occupy} es�ab�ish, and use the Prop�rty as Borrower's princ�pa�residence vv��hin 60 da�� after the e�ecu�ian af this S�curity�ns�rumen�and shall con�inu�to occupy�he Froperty as Borrower's principai re�idence for at�east one year after�he date of occupanc�r, un�ess Lender��her�v�rise agrees in�vri�ing, which cansent shall no�b�unreasonably�v��hheld, ar unless extenua�ing cirGums�ances exis�wh�ch are be�ond Borro�rer's control. 7. Pres�r�at��n, Ntaintenance and Pr�te�t�an vf the Praperty: Inspectians. Borrower sha��not destroy, damage or impair the Pr�per�y, a��ow�he Prop�r�y�o de�er�orate or��mmi�waste on�he Propert�r. VVh.e�her ar not Borrov�er is residing �n�he Propert�, Borr�wer sha��mainta�n th�Praper�y �n order�o pre�r�n�the Prflper�y from de�er�ora��ng or decreas�ng�n valu�due to i�s cand��fln. Unless it is de�ermined pur�uant�o Sec��on S tha�repair or res��ra�ion�s no�e�onom�ca��y feasible, Borr�vcrer sha��promp��y repair�h�Prop�r�y if damaged to avo�d fur�her de�erioratio�or damag�. �f insurance or candemu�.ation proceeds are paid in c�nn�ct��n with damage t�, or�he�aking of, th�Proper�y, Borrower shall b�resp�ns�b�e for repa�ring or restaring�he Praper�y�nly if I.�nder has reieased proceeds for such purposes. I.�nder may disburse proceeds NEBRASKA-5ingle�amiiy-�annie Mael�reddie Mac LJN[��RM fNSTRUM�NT �orr�n 3428 11�1 VMP Q VMPfi{NEf(130�y Woiters Kluwer�inanGial 5er�ices Page 7 of 17