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. 2� 15�8�99 <br /> A�� insurance po��c�es required�y L�nder and renewa�s of such po�xc��s sha��he subject�o Lender's right�o <br /> dxsapprave such po��czes, shai� �nclude a standard mortgag��iause, and sha��name Lender as mar�gagee <br /> andlor as an add����nal loss payee. Lend�r shali have�he r�gh�to h��d the p�licies and reneulal cer��fica��s. If <br /> Lender requir�s, Borrower sha1�pramptly gi��ta Lender a�i rec��pts of pa�d pr�miums and renewa�no��ces. <br /> If Borrower obta�ns any form of�nsurance coverage, not o�herw�se required by L.ender, for damag�to, or <br /> d�struct�on of, the Prop�r�y, such policy shali in��ud�a standard mor�gage c�ause and sha�l name Lender as <br /> rnor�gagee andlor as an addi��onal �os�paye�. <br /> �n the e�en�Qf��ss, Barrower sha11 give prompt no�ice to the insurance carrier and L�nder. Lender may <br /> make proof of�oss�f not mad�promptiy by B�rrower. Unless Lender and Borrow�r��her�rise agre� �n <br /> vvri��ng, a�y �nsurance pra��eds, v�hether�r n�t the underlying �nsuran��was requ�red�y Lender, sha1�b� <br /> applied t� restorat��n or repa�r of th�Praperty, if th�rest�ration or repair is ecanom�ca��y f�asibie and <br /> Lender's se�uri�� is na��essened. Dur�ng such repair and res�ora�ion per�od, Lender shal�have the r�gh�t� <br /> ho�d such insuran�e praceeds unt�� Lender has had an flppar�uni�y to znspec�such Proper��r t�ensure the <br /> w�rk has heen cample��d�o Lender's sa�isfacti�n, prov�ded that such �nspec�i�n sha��be under�aken <br /> �rompt�y. Lender may disburse pro�eeds for the repairs and r�st�ra�ion in a single pa�rment or in a ser��s of <br /> pragress payments as the v�ork is compieted. Unless an agreemen�xs made�n writing vr Applicabl�Law <br /> requ�res interest�a�e pa�d�n su�h insurance pr�ceeds, Lender shal�not be required�o pa�Borrov�er any <br /> intere�t�r�arnings on such praceeds. Fees for pub�ic adjus�ers, or o�her�hird par�ies, r�tained�y Borrower <br /> sha��not be pa�d out af the insuranc�proceeds and sha���e�he soie obligati�n af Borrower. �f�he res�oratian <br /> ar r�pair zs no�e�onomica��y feasible or Lender's s�curx�y w�uld be lessened, the insurance proce�ds sha���e <br /> appl�ed�o the sums se�ured by this Se�urity Ins�rumen�, whet�er or not then due, v�ith the e��ess, Yf any, <br /> pa�d�a Barrower. Such insurance proceeds sha��be applie�. �n�he arder pro�vided for in Se�ti�n 2. <br /> If Barrawer abandons�he Proper�y, L.�nder may �Ie, nego�ia�e and s��tle any aWailable insurance c�a�m and <br /> reiated mat�ers, If Borrawer does not respond w�th�n 3�days to a no��ce from Lender��at�he insuran�e <br /> carrier has offered��se���e a cla�m�., then I.�nder may negotiate and settle�he cla�m. The 34-day peri�d will <br /> begin v�hen t�ie no��c�is gi�en. �n�ither event, or if�...ender acqu�res the Proper�y und�r Section��flr <br /> �therwise, Borrower hereby assigns to Lender(a� Borrower's r�gh�s to any �nsurance pro�e�ds �n an am�unt <br /> r�o�to exceed �he amounts unpa�d under�he Note�r this Secur�ty�ns�rument, and �b} a�n.y o�her of <br /> Borrawer's ri�h�s ����er than�he right to an�refund of unearned premiums paid by Barrower}und�r a1� <br /> insurance pol�czes co�ering�he Property, �nsofar a� such righ�s are applica�l�to�he c��erage of�h� <br /> �roper�y. Lender may use the�nsuranc�prace�ds�i�her to re�air or r�store the Proper��r or to pay amoun�s <br /> unpa�d under�he N�te or��is Secur�ty �nstrumen�, v�h�ther�r not then due. <br /> �. �ccupancy. Borrower shall accupy, es�a��ish, and use�he Property as Borrav��r's pr�ncipal resxdence <br /> within 6D days after�he e�ecu�ion�f this Security Instrument and sha11 cont�nue to occupy the Pr�per�y as <br /> Bnrro�v�r's principal res�denc�for at leas��n�year after�he date�f occupancy, unless Lender otherwise <br /> agrees �n wri�ing, v�h�ch cansent shal�not b�unreasana�ly vcrithheld, �r uniess extenuating c�r�ums�ances <br /> exist wh�ch are beyond Borrower's c�n�ra�. <br /> 7. Preser�ation, Maintenance and Protection af the Praperty: Inspe�t�ons. B�rrow�r shall no�des�ray, <br /> damage or impaxr�.e Prop�rty, allaw �he Property�o deter�orate ar commi�was��an the Pr�per��. Whether <br /> or na�Borrow�r is residing in�he Praper�y, B�rrawer sha11 mainta�n the Proper��in�rder to preven��he <br /> Proper�y fro�n de�eriorating ar decreas�ng in�a�ue due t� i�s condit��n. Unless it is de�ermined pursuan�t� <br /> Sec�ion 5 �ha�repa�r or restorat��n�s na�ecanami�a��y feasib��, Borro�er sha��promp��y repair the Proper�� <br /> �f damaged t� av�xd fur�her deteri�rat��n or damage. �f�nsurance or cond�mnation proceeds ar�pa�d �n <br /> connec�i�n w��h damage ta, or�he�aking�f, �he Praperty, Borrov�rer shall be responsible for repa�ring or <br /> r�staring�he Property anly if Lender has r��eased proceeds f�r such purposes. Lender may disburse proceeds <br /> NEBRASKA-5ingle Family-Fannie MaelFreddie Mac UNIF�RM fNSTRUM�NT �vrm 3�28 11�'i <br /> VMP Q VMPfi�N�)�7 3fl2� <br /> Wotters K€uwer�€nanc+al 5�r�i�es Page 7 of 17 <br />