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��1 5��831 <br /> Ail insurance pol�cies requ�red by Lender and re��e�a�s of su���po�icie� shal�be subje�t�o Lend�r's right ta <br /> disapprov�such poii��es, shal�inc�ude a standard mortgage c�ause, and shall name Lender as m�rt�a�ee <br /> andlar a�an additional l�ss payee. L.ender shaii have the r�ght to hold the pol�cies and reneu�al�er�ificates. �f <br /> Lender requ�res, Bo�rower sha��promp�ly give�o Lender a�i re�e�pts of pa�d premiums and renewal notices. <br /> �f Borrower ob�ains any forrn�f insurance c��erage, i��t o�he�-wi�e required by Lender, for damage�o, or <br /> des�ructi�n of, the Property, su�h polic�shall includ�a standard mor�ga�e clause and shal�nam�I.�nder as <br /> mortgagee and�or as an addi�ional loss payee. <br /> �n the�vent af��ss, ��rrav►rer sha��gi�e pr�mp�na�z�e t�th�xn�u��nee c�rricr�d�..�nder. �nd��may <br /> mak�proof of loss �f no�rnade promptiy b�r Borrawer. Unless Lender and Borr�wer otherwise agree in <br /> writing, any insurance pr��eeds, whe�her or not the underlying insurance was required b}� Lender, shall be <br /> applied�a res�ora�ion ar repair af�he Proper�y, �f the res�ora�ion or repa�r is econom.�.cal�y feasib�e and <br /> L�nder's secur�ty�s not Iessened. During such repaix and r�s�oration p�riod, Lender sha11 have�he righ�to <br /> hold such insurance proceeds unt�l Lender ha�had an apportun�ty�o inspect such Proper�y��ensure th� <br /> work has been compie��d�a Lender's satisfaction, pro�ided that such�nspec�ion shall be undertaken <br /> promptly. Lender rna�disbur�e proceeds for�he repairs and r�staratian �n a�ing�e paymen�or�n a series of <br /> progre�s payments as�he work is cornpieted. Unless an agreement is mad�in v►�riting�r Applicable Law <br /> requir�s �nterest ta be paid on such insuranc�proceeds, Lender sha��nat be requir�d to pay Borrower any <br /> interest or earning5 on su�h praceeds. Fees for public ad�usters, �r o�her�hird par��es, retained by B�rrovver <br /> shal�not be paid aut af�he insurance proceeds and sha11 be the s�le obligatian of Bo�rr�wer. �f�he restoration <br /> or repa�r is not e�anomica�i�feasible or Lend�r's secur�t�u�ould be�essened, th�insurance pr�ceeds shall be <br /> app��ed�o�he sums secured by this Se�urit��ns�run�ent, whether ar no��hen du�, w�th�he excess, if an�, <br /> paid to Borrovver. Such insuran�e prflceeds shal�be applzed�n the orde�pro��ded for in Section 2. <br /> If Borrt�w�r abandons�he�'roperty, Lender may fi�e, neg�tiate and set��e any a�ailable insurance cla�m and <br /> related matters. �f Borrav�a�r does nor resgond within 3�3 da�s ta a not�ce from Lender that the insurance <br /> carrier has offere�i to settle a c�aim, th��Lend�r rnay negotiate and settle th�claim. The 34-da�period w�II <br /> begin when the no�ice�s given. �n either e�en�, ar if Lender acquires�he Property under Sec�ion 22 ar <br /> ath�rwise, Borr�wer hereby a�signs ta Lendcr�a}Borrower's rights to any insurance proceeds in an amount <br /> not�a���e�d th�amoun�s unpaid under the No�e ar th�s Securi�y�nstrument, and�b}any flther of <br /> Borrower's rights (other than�he right ta an�r refund of unearned premiums paid by Borrawer}under all <br /> insurance po�icies covering the Pro�erty, insofar as such r�ghts are appiicable�o the�o�erage of the <br /> Pro�erty. L.�nder may use the insuranc�proceeds either�o repa�r or res�ore the Proper�y or to pay amaun�s <br /> unpaid under the Note ar�his S�curzty�nstrument, vvhe�her ar not then due. <br /> 6. Dccupancy, Borrower shatl occllpy, establish, and use�he Property as Borrawer's principa�residenGe <br /> vv��hzn 6�days after the executian of this Se�urity�nstrument and sha�i con�inu��.o accupy the Property as <br /> Barrower's pr�ncipal r�sid�nce f�r at 1�a�t one year aft�r the date of occupan�y, un�ess Lender otherw�se <br /> agrees in wri��n�, v�hich co�.s�n�shall not be unreasonably w�thheld, or unless ex�enuating circumstances <br /> ex�st which are�eyand Borro�er's�on�ro�. <br /> 7. Preservativn, Ma�ntenance and Protect�an v�f the Prvperty; Inspectiflns. Barrower shali nat des�roy, <br /> dama�e�r impa�r�he Property, al�ou► �he Prapert�to de�eriora�e ar c�mxn���vaste�n the Prap�r�y. �hether <br /> or nat Barrow�r is resid�ng in th�Property, Borrower shali maintain the Proper�y in arder to prevent the <br /> Praperty fr�m deter�ora�in�Qr d�creasing zn�a�ue due�o �ts cand�tion. Unless it is de�erm�.i.ned pur�uant to <br /> Se�tion S that repair or restorat�on is not ecflnomically feasib�e, Borrower shall pramptly repair�he Prop�r�� <br /> if damaged�o avo�d fur�her deter�oration or dama�e. If insurance or condernnation pr�ceeds are pa�d in <br /> �onnect�an witl�damage to, or the taking�f, the Property, Borrower shal�b�responsible far repa��ing or <br /> restoring the Property only if Lender has �re�eased pra��eds for suc�purp�ses, Lender may disburse proce�ds <br /> NEBRAS�CA-Singfe�amily-Fanni�MaeJFreddie Mac UNiF�RM fh15TRl3M�[VT �arm 3�28 11d1 <br /> VMP Q VM�G{NE}��3�2y <br /> Wolter�Kluwer Financial 5er�ices Page 7 of i 7 <br />