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��14�33�1 <br /> Al� in�urance pol�cies required by Lender and renewals nf such polic�es shal�b�subject to Lender's right to <br /> disappro�e such p�lici�s, shall include a s�andard mor�gage c�ause, and sha�� name Lend�r as mortgag�e <br /> andlor as an add�t�ona� �oss pa�ee. Lender sha�l have th�righ��a h�ld the pol�cies and renewal cert�fi�ates. If <br /> Lender requires, Borro�v�r sha�l prnmptly gi�e�a Lender a�l receip�s of paid prem.�ums and renev�al na�ices. <br /> If Borr�v�er obtains an� fax-�m of insurance cflvera�e, no�otherwise requir�d b� Lender, for damage�o, or <br /> destruc�ian af, th�Pro�er�y, such p�Iicy shall znc�ude a s�andard mortgage clause and shali name L�nder as <br /> nzor�gagee andlor as an addit�onal loss paye�. <br /> �n��ae e�rent of Ioss, Barrower shall gi�re prompt not�ce�a�he insurance carrier and L�nder. Lender may <br /> ma�e proof af loss �f not made prampt�y�y B�rrawer. Un�ess Lender and Borrou�er o�hervvise agre�in <br /> urr�ting, any �nsurance pro�eeds, w�hether or na�th�und�ri�ring insurance was requ�red by Lender, sha�l�e <br /> applied to restoratian�r repair of the Property, if the res�oration ar repair�s econom�cally f�asible and <br /> Lender's se�uri�y is no�I�ssened. During such repair and restnration period, Lender shall ha�e�he right�o <br /> h�id such insuranee prnceeds until L�nder has had an oppor�un�ty ta �nspect such Praperty t�ensure th� <br /> work has been comple�ed �o Lender's satisfa��ian, pr��ided �ha�such �nspec��on sha�l be under�aken <br /> promp�ly. Lend�r may disburse proceeds for the repairs ar�d restoration in a single paymen�ar in a ser�es of <br /> progress pa�ments as the work �s completed. Un�ess an agre�ment �s made in writ�ng�r Applica�le La�r <br /> r�qu�res interes��o be paid�n su�h insurance proceeds, Lender shall n��b�requ�red to pay Borro�ver any <br /> interest or earnings on such proceeds. Fees for public ad�usters, �r a�her�hird par��es, retain�d�� B�rro�rer <br /> shall no��e paid out of the insurance proceeds and shal�be�he sole ohligatia�.af Bo�-rawer. �f�he restoratzon <br /> ar repair is not ecQnomicai�y feasible or I.,�nder's secur��y wau�d be lessened, the insuran�e proceeds�hall be <br /> appiied to �he sums secured by th�s Se�urit� Ins�rument, v�he�h�r ar no�then due, wzth the excess, if any, <br /> pa�d to Borrower. Such insurance prflce�ds shall be applied in the arder prov�ded for in Section 2. <br /> If Borrower abandons the Prop�r�y, Lender may file, nego�iate and se�t�e any a�ailab�e insurance claim and <br /> related matters. If Borrawer does no�respflnd w��hin 30 da�s�a a notzce from Lender that the insurance <br /> carri�r has aff�red to se���e a�laim, rhen L.cnder may negatiate and set�le the cla��m.. The 3�-day per�od wil� <br /> begin v�hen the no�ic��s gi�en, In e��her ev�nt, �r�f L.ender acquires�h�Proper�y under Section�2 or <br /> otherv�r�se, Barrower here�y assigns to Lender�a� Borrov�er's r�ghts�a any insurance praGeeds in an amoun� <br /> nflt to exce�d the amounts unpa�d under the Note ar this Security ��s�rument, and �b} any o�h�r of <br /> Borrov�er's rig�ats �other than the right to any refund af un�arned premiums paid by Bor�r�vcrer}under all <br /> insurance po�icies cover�ng the Prap�rty, insofar as such right�are appiica�ble to�he co�erage�f the <br /> Property. L�nder may us��he insurance proceeds either�o repair ar res�ore the Pr�per�y�r to pay amounts <br /> unpaid under�h�No�e or this Securz�y �nstrument, v�h��her�r not then due. <br /> 6. C7ccupancy. Borrawer shali occupy, establish, and us�the Proper�y as Borr�wer's principai residenc� <br /> wi�h�n��days af�er�he e�ecut�on�f this Secur�ty �n�trument and sha��con��nue to oc�upy the Property as <br /> Borrower's prxnczpa� reszd�nce for a� ��ast one�ear af�er the date of oc�upanc�, un�ess Lender otherwise <br /> agrees in wri�ing, which c�nsent shall not b�unr�asonab�� withheld, �r unl�ss ex�enuating circums�ances <br /> �xis�v�rh�ch are be��nd Bflrrower's cnn�roi. <br /> 7. PreserWat�on, �aintenance and Protectian vf the Property; �nspectinns. Borr�wer shal� no�des�roy, <br /> damage or impair the Property, allow�he Proper�y to deteriora�e or commit waste on the Prop�rty. Whether <br /> or not Borrow�r�s resid�ng in the Pr�perty, Borrower shal� main�ain the Pr�per�y �n order�o pr�ven��he <br /> Property from de��riorating or decrea��ng �n�alue due to its condi�ian. Un�ess �t�s de�ermined pursuan�to <br /> Section 5 �hat repair ar res�oration�s no�econ�mically feasib��, Borrov�er sha�I pr�mp��y repair�he Property <br /> if dama�ed�o a��id fur�her deterioration or damag�. If insuran�e or condemnation proce�ds are paid in <br /> connection with dama�e�o, or�he�aking of, �he Pr�p�rty, Borr�wer sha�l be respons��le for r�pa�ring or <br /> res��ring �he Proper�y only �f L�nder has re�eased procee�s for suCh purposes. Lend�r may d�sburse proceeds <br /> NEBftASKA-5ingle�am�Iy-Fannie Mael�redd�e Mac UNIF�RM INSTRUM�NT Form 3�28�IDi <br /> VMP 0 VMPfi{NE}t#3�2} <br /> Walters Kluw�r Financ€at 5�r�ices Page 7 af 17 <br />