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2� 1 ��2539 All insurance p�licies required by L�nder and renewa�s�f su�h poi�c�es shal�be subjec��o Lender's right�� d�sapprov�such p��ici�s, sha�i in��ude a s�andard mort�age c�ause, and shall name Lend�r as mor�gag�e andlor a� an additianal ��ss pa�ee. Lender sha��have the right�o haid�he poiicies and ren�wa� cer��fica�es. �f L�nd�r requires, Borrower sha��promp�ly give to Lender a�l r��eip�s of paid prem�ums and renewal not�c�s. If Borrow�r ab�a�ns any farm of�nsurance co�erage, not otherv�zse r�quir�d by Lender, for damage�o, or d�s�ruc��on of, the Praper�y, such pol�cy shall �nciud�a star�dard mortgage clause and sha��name Lender as mor�gagee andlor as an addi��onal �oss pa�ee. �n�he even��f�oss, Borrower sha�� give promp�no��to the insuranc�ca�-r�er ar�d L,ender. Le�der rnay make proof of lass if not made promptly by Barrower. Unless Lender and Borrower otherwise ag�ee in wr��ing, any�nsurance proceeds, whether ar nfl�the underlying insurance vvas requir�d by L�nder, shal�he app��d�o res�orat��n or repair of the Praper��, �f the r�storation or repair is ec�nomically feasib�e ar�d Lender's se�uri�y �s nat�essened. During such repa�r and restoration period, Lender shall hav�the righ�to ho�d such �nsurance proce�ds unti� Lender has had an oppor�unit�to inspect such Proper�y to ensure the v�o�-k has been camp�eted�a Lender's sa�xsfa�t�an, prav�ded�hat such inspe�tion sha�i be under�aken promptl�. Lender ma�d�s�urse proceeds for�he repairs and restaration in a s�ngle payment�r�n a seri�s�f progress paymen�s as�he work is comple�ed. Un�ess an agreem�n�is mad�in�rr�ti�g or App�icable Law requ�res �n�erest�a be paid on su�h�nsurance proceeds, L�nder sha��no�be requ�r�d�o pa�r Borrower any in�eres�or�arnings nn such proc��ds. Fees for pu�lic ad�usters, ar ather�hird par�ies, re�ained by Barrower sha�� no�be paid aut af�he�nsurance praceeds and shai� be�he sole obl�gation of Borrov��r. �f�.he res��ra��on or r�pa�r i� not�conanv.ca��r feasible or L�nder'�security wou�d b��essened, the insuranG�proceeds shall be applied�o�he surn� secured by�h�s Securit�Ins�rument, whe�her or n�t then due, with the excess, if any, paid�o Borrower. Such insurance proceeds shall be app��ed in the order provided for in Sec�ian 2. �f Barrower a�andons��.e Proper�y, L.�nder may fiie, negotia�e and set��e any a�ailab�e�nsurance cla�m and rela�ed matters. �f Borrower does no�respond w�thin 34 days�o a not�ce frflm Lender tha�th� insurance carrier has offered�o se�tie a c�a�m, then Lend�r�m.a�neg�t�ate and set��e the claim. The 3�-day per�od wi�� b�g�n when the no�ice xs gi�r�n. �n e�ther e�ent, �r�f Lender aGquires the Pr�p��y under Section�2 nr atherw�se, �orrawer hereby assigns�o Lender�a} Borrower's r�ghts to any�nsurance proce�ds in an amount na�to exceed�he amoun�s unpaid under the No�e or this Secu�ri�y�nstrument, and�b} any�ther of Borrower's r�ghts �other�han�he r�ght ta an�r�fund�f unearned prem�ums paid�y Borrov��r�under aIl insurance p��c�es co�er�ng the Property, �ns�far as su�h r�gh�s are appl�cable��he c��rerage�f the Proper��. Lender may u�e�he insurance proceeds either to repa�r ar res�are the Proper�y or�a pay amounts unpaid under�he N��e ar�his Security Instrument, whether ar n�t then due. 6. Uccu�ancy. Borrov�er sha��ccup�, establish, and use the Prap�r�y as Barrovver's principa� r�s�dence with�n 6�days after the ex�cu�i�n of�h�s Security Instrumen�and sha�� continu�to accupy�he Prflper��as Borrower's pr�ncipa� res�dence for a��east ane year after�he date of occupancy, unless Lender�therv��se agrees in writing, wh��h consen�shal� not be unreasonabl�w�thhe�d, or un��ss ex�enua�ing circumstances ex�s�which ar�beyond Borrower's�an�rol. 7. Pres�r�ation, Maintenance and Protection of the Prnperty; Inspections. Borrower shall not des�roy, damage or�mpair�he Praper�y, a��ow the Property ta deteriarate o�r caxnmit waste an the Proper�y. �l'he�her �r n��Borrower�s resxd�ng in�he Prop�r�y, Borr�w�r shal� main�ain the Proper��in order to pr�vent�he Proper�y frorn de�eriora�xng ar decreasing �n value due�o �ts �ondi�ion. L�n�ess ��is determined pursuan��a �e�tian 5 tha�repair or res�oration is no�e�onomicaliy feasib�e, B�rr�w�r sha��promp�ly repa�r the Proper�� if damag�d to avoid fur�h�r de�er�oration�r damage. �f insurance nr candemnation proc�eds are paid in �onne�tion wi�.h damage to, or�h�taking of, �he Proper�y, Borrower shall be responsibl�fQr repairing �r restoring the Proper�y onl�if Lend�r has rei�ased proceeds for such purpos�s. Lender may disburse proceeds N�BRASKA-Singte�arrtily-Fannie Mael�reddie Ma�UNiFQRM INSTRL�M�NT Form 3Q28 11Q1 VMP(� VMPfi�NEf�1302� Wolters Kluwer Financiaf 5er�ices Pag�7 vf i 7