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2� 1 �� 1 A�� nsuranc�pa�icies required by L�nder and r�n�wal�flf such po�ic�es shaii be subject�o L.�nder's r�gh��o disapprfl�e such pa��c�es, shall include a standard mor�gage c�ause, and shall name Le�der as mor�gagee andlor as an add��iona� �oss payee. Lender sha�� hav�the right to ho�d th�po�icies and r�n��va� cer�if�cat�s. If Lend�r requir�s, Borro�rer sha�I pron�p�ly gi�e to L�nder aIl receip�s of paid pr�miums and rene�a� n��ces. �f Barraw�r o��a�ns any f�rm of insuranc�ca�erage, n�t o�herwise requ�red by I�ender, for damage to, or des�ruct�on nf, the Propert�, such p�iicy sha�i include a standard mortgage claus�and shall name Lender as mortgagee andlar as an additiona��oss paye�. �n the e�ent of I�ss, Borrower sha��gi�e pr�mpt not�ce ta the�nsurance carrier and Lender. Lender may make proof of lass �f not mad�promptl�by B�rrov�rer. Iln�ess L.�nder and Borrov�rer�therwise agree in writing, any �nsuran��proce�ds, whe�her or n��he ux�derlying i�zsurance was requir�d�y Lend�r, shall be applied to rest�ration or repair af�he Praperty, if�he restara�ian or repair is ec�nomically feasible and Lender's security is no��essened. During such repair and res�ora�ion period, Lender sha11 have�he righ�to hold such �nsurance praceeds unt�l Lender has had an�ppor�unity�o �nspect such Praper��to ensure�he work has been camp�eted to Lender's sat�sfact�on, pro�rided�hat such�nspect�on sha�l be under�aken promptly. Lender ma�disburs�proceeds far�he repairs and res�ora�ion�n a sing�e pa�ment or in a series of pragress payments as the work is completed. Unless an agreement is mad�in wri�ing or Appiicable Law requires inter�s�to be paid on such �nsurance proceeds, Lender sha�� not be r�quired�a pay B�rrower any inter�st�r earnings on such proceeds. Fe�s for pub�ic adjusters, or o�her third par��es, re�ained by B�rrovver sha�l no�be pa�d out of the insurance proceeds and sha�l be�h�sflle obligati�n of B�rrovver. �f the restoraf�on or repair is not�conam�.cal�y f�asib�e or Lender's secur�ty would be��ssened, the insurance pro��eds sha�l be appl�ed to the sums secur�d b��his Security Instrument, whe�h�r or n�t then due, with�he excess, if an�, pa�d ta Borrower. Such insurance praceeds sha�l be applied in the order provided f�r in Sec��on 2. If Borr�v�er a�andons the Prop�r��, L.�nder may file, neg�tiate and settle an� a�raila�le insurance claim and related ma�ters. �f B�rrower do�s no�respond wi�h�n 3�da�s�n a n�tice from Lender�hat�he�nsurar�ce carr�er has offered to se�tle a clazm, then L.ender may nego��ate and s�tt�e the c�aim. Th�3fl-da�period will begin when�he not�ce zs given. In ei�her e�en�, or if L,�nd�r acqu�r�s the Froper��under Sec��on��or o�herwise, Borrawer hereby�ssigns to Lender�a} Barrower's righ�s�o any �nsurance proceeds �n an amoun� not to exceed the amounts unpaid under th�No�e�r�h�s Security Instrumen�, and�b} an�o�her af Borr�wer's r�ghts ��ther than the r�ght to any refund�f unearned premiums pa�d b�Borrowver}under all insuranc�po�ic�es�o�er�ng the Proper�y, insofar as such rights are app�icab�e t�the coverage of�he Pr�per�y. L,�nder rnay use�he insurance proceeds ei�her to repair or restore�he Proper�y or�o pay am.oun�s unpaid under the Note ar�his Securi�y �nstrument, whe�her or not then due. 6. �ccupancy. B�rrower shaii accupy, establish, and use the Pr�perty as B�rrower's principa.� resid�nce wi�hin��days after�he exe�ution�f�his Secur�ty Instrumen�and shal�continue�o accup�t�e Proper�y as Borrow�r's principa� residence fflr at�east an�year af�er�he da�e of occupancy, unless Lend�r�therwise agrees �n writing, wh�ch consent sha��no�be unreasonably withheld, or un�ess extenuat�ng circums�ances �xist which are beyond Borrower's control. 7. Preser�ativn, N�aintenance and Pr�tect�on af the Prt�perty: lnspect�ons. Borrtiv��r sha��not des�ro�, damage or impair�he Property, a11ov��he Praper�y t�de�erx�rate flr comm�t was�e on�he Property. Whether ar nat Borrower is res�d�ng in th�Pro�ert�, �orr�v�rer shal�ma�ntaxn the Property �n order to prevent�he Pro�ert�from de�eriorat�ng or decreasing �n�a�ue due to its�ondit�an. t�n�ess i�is de�erm.ined pursuan��o Sect�on 5 �hat repair or res�oratian�s no�ecanomi�al�y feasible, Borr�wer shall promp��y repair the Proper�y if damaged to avoid further det�riarat�on or damage. If�nsurance or condemna�ion proc�eds ar�pa�d in connec�it�n�rith dal.nage�o, or�he tak�ng of, the Propert�, Borrawer shall be responsib�e f�r repa�ring or restoring the Pr�perty only if Lender has rele�sed pro�eeds for su�h purposes. L.ender may disburse procee�s N�BRASKA-Single 1�amily-Fannie Mael�reddie Ma�UNIFQRM INSTRUM�NT �orm 30�8 1141 VMP[� VMPfi{N�}{13Q�} VIIO�L�fS ICEtlW�C FIC38C1CI8�S�CVEC�S Page 7 of 17