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<br /> A�l �nsurance policies re�uired by Lender and renev�als of such poiicies sha��be su�je���o Lender's right�o
<br /> disappro�e suGh po��cies, sha�� include a standard mort�age c�aus�, and sha11 nam� Lender as mortgage�
<br /> andlor as an add�tional loss payee. Lender shali have the r�ght�a hoid the policies and ren�wai�er��f��ates, �f
<br /> Lender requires, Borrower shal�promp�ly give�o Lender a�� re�e�p�s of paid premiums and renewal no�i�es.
<br /> If Barrnwer ob�a�ns an�r farm of insuran�e co�rerage, no��therwise required b�r Lender, f�r damage�o, or
<br /> des�ruction of, the Propert�, such po�icy shal� inc�ude a standard mor�gage clause and shall name Lender as
<br /> mor�gag�e andlor as an addi�iona� loss payee.
<br /> �n�he�vent of 1oss, Borrower sh�I�g��e prompt notice to th��nsurance carrier and L.ender. Lender may
<br /> make pr�of of lass if n��made pr�mptly by Borrower. Unless Lend�r and Bflrrnwer oth.erw�s�agree in
<br /> wr�ting, an�insurance proceedss whe�her or not the underlying in�urance was requ�red by Lender, shali be
<br /> appl�ed t� restoration ar repair�f�he Pr�per�y, if�he res�orat�on�r repair is ec�nom�cally fea�ih�e and
<br /> L,ender's securi�y is no�lessened. During such repair and res��ra�ion p�rifld, Lender shal�ha�e��e r�gh��o
<br /> hold su�h �nsurance proceeds unt�l Lender�as had an opportun�ty�o inspec�such Proper��to ensure the
<br /> work has been completed to Lender's satisfa��ion, pro�ided�hat such inspection sha11 b�under�aken
<br /> promptly. Lender ma� dis�urse pro�e�ds f�r the repairs and res��ra�ian in a single payment or�n a series�f
<br /> progress payments as the work is completed. Un�ess an agreemen� �s xnade in wri�ing or Appl�cab�e Law
<br /> requir�s interest�fl be paid on such �nsuran�e proceeds, Lend�r shall no�b�requir�d to pay Borr�wer any
<br /> �nter�st or earnings on such proce�ds, Fees for publi�adjus�ers, or o�her�hird parties, retained hy Borrower
<br /> shai�no�be pa�d out of the insurance pro�eeds and shal� be�he sole ab�iga�ian of Borr�wer. If the restoratian
<br /> or repai�-is n�t econamica��y feas�b�e ar Lender's �ecuri��would be�essened, the insuran�e procee�.s sha1��e
<br /> appl�ed ta�he sums secur�d by��is Securz�y �ns�rument, whether or no��hen due, v�r��h the e�.cess, if any,
<br /> paid t� Borrower. Such insuranc�proceeds sha��be app�ied in the order pro�ided for in Sect�on 2.
<br /> �f Borro�er abandons the Prap�r�y, Lender ma� fi�e, neg�tiate and settl�any a�vaiia�ie insurance c�aim and
<br /> related ma�ters. �f B�rrower does not resp�nd w��hin 34 da�s�o a no��ce from Lender that th� insurance
<br /> carrier has affered to settle a clairn, �hen L,ender may nego�ia��and se�tle�he cla�m. T�e 30-day period w�11
<br /> begin v�hen�he notice�s giv�n. In�i�her e��nt, or if Lender aGqu�res�he Propert�under Se�tian�2 ar
<br /> otherwise, Borrower hereby assigns to Lender�a} B�rro��r's rights to any insuranc�proceeds in an arn�un�
<br /> nat to e�ceed�he amnunts unpa�d under the No�e or�his Security �nstrument, a�nd�b} any oth�r of
<br /> Barrower's r�gh�s �other than�he r�ght to any refund�f unearned prerniums pa�d�y Borrower}under al�
<br /> insurance pol�cies ca�ering the Property, i�nsafar as such r�gh�s are a�pl�cabie ta the cov�rage af�he
<br /> Proper�y. Lender may use�he insurance proceeds eith�r�o repair or restore�he Prop�r�y�r�o pa� amounts
<br /> unpaid under the Note or�h�s Secur��y�nstrument, whether�r no��hen due.
<br /> 6. �ccupancy. B�rr�wer shall occupy, �s�abl�sh, and use the Pro�erty as B�rr�wer's principa� residen�e
<br /> with�n 6D days after the executior�of�his Security Ins�rument and sha11 con�inue to�ccup��he Pr�per�y as
<br /> B�rrow�r's principa� residence for at�eas�one year after the date of occupancy, unless Lender o�herwise
<br /> agrees in wr�ting, which consen��hal�not be unreasonably vvi�hhe�d, or un�ess ex�enua�ing cir�umstan.��s
<br /> ex�st wh�ch are b��ond Borrower's con�ro�.
<br /> 7. Preser�ati�n, �a�ntenance and Pratect�vn of the Prvper�ty; lnspe�t�ons. Bnrrawer sha�l not des�ray,
<br /> damage or impa�r the Proper�y, a�lov��he Proper��to de�eriora�e�r comm��t was�e on�he Proper�y. Whether
<br /> or not Borr�w�r is resid�ng in the Proper��, Borrov��r shall ma�n�ain th�Proper�y in order�o pre�en�the
<br /> Proper�y from deteriorating or decreasing in va�ue due�o �ts condition. Uniess i� �s de�ermined pursuan��o
<br /> Section 5 �hat repa�r or r�stnration�s not econamically f�as�ble, Borrov�rer sha��prompt��repair the Proper�y
<br /> �f damaged�� a�aid further de�eriora�ion�r damag�, If insuran�e or condemnat��n proceeds are paid in
<br /> connectian w��h damage�a, or�he taking of, �he Property, Borrower shall be responsih�e for repairing�r
<br /> restoring th�Propert� anly �f Lender has rel�ased proceeds for su�h purposes. L�nder may dis�burse proc��ds
<br /> NEgRASKA-5i�gle�amily-Fannie Mael�reddi�Ma�UNlF�RM INSTRUMENT �orr�3ti28 1101
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<br /> Waltecs Kluwer�irtan�ia!5�r�ices Page 7 of 17
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