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��15��95� . A�� insurance pol�cies requ�r�d�� Lender and renewals af such pa�ic�es shal�be subject to Lender's r�ght to d�sapprove such policies, shai� inc�ude a standard mor��age claus�, and s�al�name L.ender as mortgagee andlor as an addi�ional loss payee. Lender shail ha�e the right�o ho�d�he po�icies and ren�wal cer�if�cates. �� Lender r�qu�res, Borrov�r�r shall prflmp��y gi�re to Lender all receip�s of paxd premiums and rene�al notices. If Barrower ob�ains any form of�nsurance�overage, not a�her�ise requir�d by Lender, for damage��, or d�structian of, the Proper�y, such p�licy shal� inc�ude a standard mortgage ciause a�nd sha�l name Lender as mor�gagee andlor as an additianal l�ss pa�ee. �n the e�ent of Ioss, Borrowe�-sha�� gi�e pr�mpt n��ice to �he�nsuranc�carrier and Lender. Lender may make proaf of lass if no�made pr�mp��r l�y Borrower. Unless Lender and Borr�wer atherv�is�agree in writing, any �nsuranc�proc�eds, whe�her or nof�he under��ing insurance v�as required by I�:nder, sha��e app�ied�o restorat�on or repair of the Proper�y, if the restorat�on or repair is ec�nomica�ly feas�b�e and Lender's se�urity is no�Iessened. During such repair and res��rat�an p�r�od, Lender sha�l ha�e the right�a hold su�h insurance pr�ceeds until Lender has had an oppor�unity to insp�ct suc� Property to ensure�he work has been completed�v Lend�r's satisfac�ian, pro��ded tha�su�h inspection sha�l be under�aken promp��. Lender ma�r disburs�proceeds for�he repa�rs and res�oration in a s�ngle payment or�n a series of pragress pa�ments as the work is completed. Unless an agreem�nt�s made �n v�rr�t�ng nr Appl�cabl�Law requires �nteres��o be paid an such �nsurance pro�e�ds, Lender shall no�be r�quzred to pay Borrow�r any in�eres�or earnings on such proceeds. Fees for public adjusters, or other�hird parties, re�ain�d�y B�rr�wer sha�l not be pa�d au�of the insurance proce�ds and shal�be�he sa�e ob�iga�ian of Borrower. If the res�ora�i�n ar r�pa�r is n�t econ�mi�ally feasi��e or Lender's security v�rould be�essened, the in�urance proceeds shali be applied�o�h�sums secured by this Se�ur�ty �ns�rument, whether ar no��hen due, w�th th�excess, �f any, pa�d�a Borrower. Such�nsurance proceeds shall be app�ied in the order pro�rided for�n Se�tian�. �f�3orro�ver abandons�he Praper�}�, Lender may f�le, n�go�ia�e and set�le an� a�ailable�nsurance claixn and rela�e�ma��ers. If Barrnwer daes not respond v�ri�h�n 3��.ays to a no��ce from Len�er tha��he insurance carrier has offered to set��e a cla�m, then L�ender xna�nego�iate and set�le the c�aim. The 3D-day period wil� beg�n wh�n the n�t�ce is gi�en. �n ei�her��ent, or�f Lender acquires the Proper�y under Sec�ion��or other-v�rise, Borrow�r hereby a�signs to Lfender�a} Bnrrower's righ�s�o any insurance pr�Ceeds in an amount n��to exceed�he amounts unpa�d under the Note or�h�s Security �ns�rument, and�b} any��her of Borrou�er's righ�s (other�han the right to an� refund flf unearned pr�m�ums pa�d by Borr�wer}under all insurance pa�ic��s ca�er�ng th�Proper�y, insofar as su�h rights are appl�cab�e�o �h�c��erage of�h� Property. L.ender may use the�nsurance proceeds either to repair or res��re�he Proper�y or to pay amaunts unpa�d under the N�te or this Secur�ty �nstrument, vvh�ther or nat then due. �. �ceupancy. Barrflvver sha�� occupy, estab�xsh, and use�h�Pr�perty as Borr�w�r's princ�pal residenee wi�h�n 6�days af�er�he�xecu�ion of this Securi�y Instrum�n�and sha�� con�inue to occupy the Praper��as Borr�vver's principa� residenc�f�r at�ea�t ane�ear after the date of accupancy, unless Lender atherw�s� agr�es in writing, �hich�onsent sha�l no�be unreasona��y w��hheld, or unless ex�enuating c�rcums�ances exis�whi�h are beyond Borrower's�on�rol. 7. Preser�ation, N�aintenance an� Prvtection of the Property; Inspections. B�rr�wer sha�l no�d�stroy, da3mage or impair�he Proper��, a��ow the Prop�r�y�o deteriora�e or c�mn�ir v�raste an�he Propert�. V�het�er or n��B�rrav�er�s resid�ng �n the Proper��, Borrower sha1� ma�n�ain�he Proper�y in order�o pre�ent�he Property fran7 det�riora�ing or de�reas�ng in�alue due to ��s condi�ion. Uniess ��is de�ermined pursuant to Sec�ion 5 that repair ar restorat�on�s not economi�a�ly feasible, Borr�wer shall prompt�y r�pa�r th�Proper�y �f damaged to a�roid further de�eriorat�on or damage. �f insurance ar cond�mnation pr��eds are paid in cannecti�n w��h damage ffl, or th��aking of, the Prope�y, Borrower sha�� be responsibie for repairing ar rest�ring the Praperty anl� if L�nder has releas�d proceeds for such purpose�. I,ender may disburs�pr��eeds NEBRASKA-S�ngle Fami�y-Fannie Mael�reddie Mac L1N(�qRM iNSTRUM�NT farrr�34�8 1 J�1 VMP[� VMP6{NEy='�3�2� Waiters Kiuwer Financiai 5er�ices Page 7�f 17