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��1 5��8� A11 �nsuran�e p�l�cies requ�red by Lender and renewals of su�h polic�es �hall be subjec�to L�ender's right to d�sappro�e such polic�es, shail include a standard rnor�gage clause, and shall name Lender as mor�gagee andlor as an additiona��oss payee. L.ender sha�1 have�h�righ��o hald the pol�cies and ren�v�al c�rtifica�es. �f Lender r�quir�s, Barrower shal�prompt�y gi�r�to Lender aI1 receip�s of paid prerniums a�ad renewal not�ces. �f Borrower abtains any form of�nsurance cavera�e, n��o�herwise required by Lender, for darnage ta, nr destruction af, the Property, such pfllicy sha�I include a standard mar�gage clause and shall name L.ender as ��axrtgagee andl��as an addi�iana��ass pa�ee. In the cvent of loss, Borrow�r shall give prompt natice to the insurance carrxer and Lender. Lender may make proof af la�s if not made pramptly b�Barr�vv�r. Ilnless L�nder and Borrower othenvise agre� in wr�ting, any�nsuranc�proceeds, whether ar not�h�underlying �nsurance was required by L�nder, shali be appli�d�o res��ra�ian ar repair of�he Proper�y, �f the re�tora�iQn or repair is e�onomically feasibi�and Lender'�securit�is not�essened. During such repair and restora�ion p�r��d, Lender shai�have the righ�to h�ld su�h�nsuranCe p�o�eeds unti� Lender has had an appar�unity to i�spe�t such Froper��to ensur�th� v�ork has been camp�eted to Lend�r's satisfac�inn, provided�ha�such�nspectian shail be under�aken prompti�. L.�nder rna�disburse proce�ds far the repa�rs and restoration in a szngle paym�nt or in a s�rie�af progr�ss paymen�s as the v�rark�s comp�et�d. Unless an agreemen�is made�n vvri�ing or Appiicable Law re�uires�nteres�to be paid on�uch�nsurance praceeds, L.ender shai�not be required to pay Borrower an� �nt�r�st ar earnings on such pra�eeds. Fees far puhiic adjusters, �r other�h�r�par�ies, r��ained b�Barr�v�rer sha�I not be paid�ut of the insuranc�pro�eeds and shall be th�sale obligat�on of Borrov�er. If the restora�ian or repair is na�ecanomicaliy feas�b�e or Lender's securi�y would be�essened, the insurance pro�e��s shall�e appiied to�he�ums secured by th�s Secur��y �nstrument, �vh��her or not�hen du�, with the excess, if any, paid�o Barrower, Such insurance proce�ds sha��be app�ied in the�rd�r provided for�n Section 2. �f Borrower a�andflns the Proper��, L.�nder rnay�le, neg�tiate and settl�any ava�lable insurance ela�m and related mat�ers. Yf Barrower does not r�sp�nd within 3�day�to a n�tice frorn I.ender that the insurar�ce �arr�er has offer�t��o sett�e�claim, th�n Lend�r may negntiate and set�le�he c�a�m. The 3�-day period w��l begin�vhen the notice�s given. �n�ither e�ent, or if Lend�r acquires the Pr�per�y under Section�2 or ��ex-�vis�, Borrov�er hereby assigns to Lender�a}Borrawer's righ�s ta any �nsurance prac�eds in an arr�ount not ta exceed th�amounts unpaid under�he Nate ar th�s Securi��Ins�runient, and�b}any o�her❑f Bor�rower's�ights (ather�han th�r�gh�to an�r�fund of unearned premiums pa�d by B�rrower}under�� insurance poli�ies ca��ring�he Pr�per��, insofar as such rights a�e appiiGable�o�he co��rage of the Praper�y. Lender ma�r use�he i�surance proceeds e�ther�a repair or restore�he Pr�perty�r t�pay amaun�s unpaid under�he No�e or th�s Securit�Instrument, vvhether Qr nat�hen due. 6. �ceupancy. Bor�r��rer shall occupy, es�ablish, and use the Proper�y as Barrow�r's p�-incipal resid�nce w�thin dD days after the exe�ution of th�s Security Ins�rumen�and shal�c�nt�nue ta occupy the Property as B�r�ov�rer's principal r�siden�e for a�Ieast on�year aft�r the da�e of ac�upanc�, unless Lender�therwise agre�s in writ�ng, which consent shall not be unr�asanab�y vv�thheid, ar unless ex�enuating circumstan�es exist which ar�beyand Borrawer's �on�rai. 7. Preser�ativn, Nlaintenance and Prote�t'rfln vf the Praperty: Inspections. Borrawer shall not des�ray, damag��r impair the Proper�y, al�ow�he Praper��to�e�eriorate or�ommit was�e�n the Propert�. VLlhether or not�orrovv�r is res�ding�n�he Property, B�rrawer shall maintain�he Prop�r�y in order�a prevent�he Praperty frorn d�teri�ratxn��r decr�asin��n value due ta �ts�onditio�.. Un�ess it is determined pursuant to Section 5 tha�repa�r❑r res�oration is nat ec�non�cally feasib�e, Borrower shall promp�ly repair�he Praper�� if damaged to avo�d fur�her det�rioratian or dama�e. If insurance or candemr�ation proc�eds ar�pa�d in Gonne�:tion�vith damage�a, or the taki��g of, the P��perty, Borrawer sha�l be responsible for repa�r�ng ar res�oring the Proper�y only if Lender has released proeeeds f�r�uch purpases. Lender may disburse pro�eeds NEBRASKA-5ingie Fami�y-Fannie Ma�l�recfdie Ma�UNIF�RM�N5TF3UMENT �arrrs 3�2$1!�'i VMP[� VM�B�NEf t�3�23 WaIiers Kluwer F�nancial 5er�ices Page 7 v#"#7