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��14�3174 <br /> All insurar�ce palic�.es required by Lender and renewals of such pa�icies shall be subj ect to Lender's righ��o <br /> disappr�ve such�olic�es, shall�clude a standard mor�gag�cl.ause, a�d shall name]Lender as mor�gagee <br /> andlor as an add.itional Ioss payee_ Lencier shall have the right to hold t1�e pali��.�s and rer�e�va�cer-�ificates. If <br /> �Lender re�ui�es, �arrower shall prompt�y give to Lender a�l�eceipts of paid pren�iuzns ar�d rene�xral��t�ces. <br /> If liorrov►�er ob�ain�a�ny form of insurance cnverage, not otherw�se required by Lender, f�r damage�a, ar <br /> d.estruct�or��f, the P�op�rty, such policy sha11 inc�ude a standard mor�gage c1�.use a�d sha1�name I�ender as <br /> mor�gagee�ndlor as an a�.d�t�onaT�oss payee. <br /> In the�vent of 1.oss, Barraw�r shall giv�prom.pt notxce�a the in.surance carr�er a�a.d Lender_ Lender ma.y <br /> make proof of�oss xf n�t made pramptly by�3orrower. Ux�less Lender and Borrower atherwise agree i.n <br /> �vriting, any�nsura-��e proceed�, v�rhether or not�he underlying�nsurance was required by Lender, shal�be <br /> app�.�ed ta restora.��an�r repair of t1�e Pro�er�y; �f the restarat�on ar repa:�r�s ecanonucally feas�.b�e and <br /> Lender's security is not�essened. During such repair and res�orat�on period, Lender shall ha�re�he right to <br /> ho�d such insurance praceeds unt��.Lender ha.�had ar�opportunity�a i.nspect suc�Frop�rty t�ensure the <br /> work has been comp�eted�o Lender's sat�sfac�iori, provided�ha��uch�nspec�on shall be u�der�aken. <br /> promptl:y. Lend,er may d�sburse praceeds far�he repairs and restoratian�n a sing�e payment or�n a series of <br /> �rogr�ss payments a��he work is compl��ec�. Uxa�:ess an a�reement is mad�in.v�rr�.�ing or Applicable Laur <br /> r�quires in�erest�o l�e paYd or�su�h ir�su.rax�:ce pr�ce�ds, Lend.er sha1�na�b�required t��ay Borrower ax�.y <br /> i_nterest or earni�gs on such proceeds. F ees for pub�zc ad�usters, or other�1ii.x-d parties, reta�nec�b�Borro�er <br /> sha��nat be pa.�d flut of�he ixxsurax�ce proceeds ar�.d slha�.�be�he sole obliga�an of Borroyver. If t�ie restoration <br /> or repair is nat econ�mically feasib�e or Lender's security w�uld be Iessened, �h.e�nsurance praceeds sha.11 b� <br /> applied to the sum:s secu:red by�h�� SecUari.ty I�a.�tx�.u�ient, uThether or not then due, �xrith�he exces�, if any, <br /> pa�d tfl Borro�uer. Such�surar�ce proceeds sha��be app�ied in�he order pr�v�.ded for in Section 2. <br /> If B�rrourer a�andons�he Praper�y, L.�nder may fiX�; n.�got�a�e and s�t��e any avai�able insuranc�el.aim and <br /> re�a�ed matters. If Borrower does no�respar�d��.3�days tQ a not�ce fron�I�e�der�at�e insurar�c� <br /> carrier has offered to settle a c�a�m, then Ilender n�ay negotiate�nd sett�e the claim. Th�3�--d.ay per�.�c��i�I <br /> begin v��.en�he nfltice�s given. In either ev�nt, or if]Lender acqu�res the Pro�ertv�nder Sec�ior��2 or <br /> othex-�r�se, Borr�wer hereby assigns to L�nc�er(a��orr�wer4 s righ���o any insurance�roeee�..s ir�an a��u�t <br /> not to exceed the amounts unpa�d under the Note�r�his Securi.ty Instru�nent, and.��� any other of <br /> Borrower's righ�s[other�han the right to an�refund af unearne�premiums pa�.d�y B�rr��rer)uxa.der aI� <br /> insurance po�icies cover�ng th:e�'roperty, ir�sflfar a:�such rights are applicab�e�o the coverage of�he <br /> Prop�rty: Lender may use the i�.s�.rance pr�ceeds�ither�o repair or restore the Property or to pay amoun�ts <br /> u�paid under the Note�r this Secur�ty Ins�rume�.t, whether or not then due. <br /> 6, ��cupat�cy. Borrower shail occupy, establish, and us��h.e Praperty as Borrawer's pr�n.cipa�.res�dence <br /> �vithin.�n days a:fter�e e�.�cutxon of this Securi�:y�st�ument a�c�sha��contir.�ue to occu�ay�h.e Property as <br /> ]Barr�wer°s�px�.nc�.pa1 residerice for at�e�as�one�e�r a�er t�e date o�occupar�cy, �es��enc�e��the�se <br /> �.grees�n�rri��.x�.g, �u��h consent shal.�.xx�t be�rea�ona�i��r�rith�ielc�, or ur�ess extenu:a.t�g�irc�stances <br /> ��ist wh�c�i are heyor��i Borrower's cor�trQ�.o <br /> 7. Preservation, �I[��ntena�ce and Prot�ct��n �f the Propert�� Inspect���s. Borro-�er sha1�not d.estroy, <br /> da.mage or impair the Proper�y, al.I.ov�the Praperty to deter�orate flr�ornmit w�t�a�.the Prope�ty. �hether <br /> or no�13o�rrotiver�s residing�.xa.�he Property, I3orrower sha1�maintain.the Property�o�der to prevent the <br /> Prope�y from.deteriaratix�g or d�cr�asi.ng�n va�ue due to�ts cond�tz�n. Unless it�s de�erm�ned�pursuant�o <br /> Sect�on 5 t�at repair or restorat�on xs no�ecQ�.oxr�cally feasib�e, �orrower sha�l prompt�y r�pai.r the Prapex�y <br /> if daxnaged t� avozd fiuther deterioration�r damage. If i�s�ranee or condern�xa��Q�.�a�o�eeds a��paid�i� <br /> canrnec�ion�v�:th damage to, or�.e ta�ng af, t�ie Pr�pe�, 13fl�rower sha1�be resp�r�s�b�e for re�a�ring�r <br /> restoring the PrQp�z-t�y�n�y if Le�:der ha.���leasec�p�-oceet�5�o�-suc�purposes. �C.�nc�er�na�r disb�s�proce�d� <br /> Z4�46'��� <br /> NEgRASKA-5ingle Fam'iIy-Fannie N�ael�reddie M ac UNIF�RM INSTRUNi ENT Farm 3028�l f0�[ <br /> VNl P d VM P6�NE}{�302} <br /> V�lvlters Kl�aw er Fnan�iat Senrices Page 7 flf�7 <br />