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2� 1 ��3� 1 � A�l insurance palici�s required by Lender and renev�ra�s�f such p��ici�s shal��e sub��ct to Lender's r�ght to disapprave such p�I�c�es, s�aa�� includ�a s�andard mortgage c�ause, a�.d �ha�� name L�nder as m�r�gag;ee andlor as an add��nnal �ass pay�e. Lender shal� ha�e the right�o ho�d the p��cies and renevval certificat�s. If Lender requ�res, Borr�we�sha11 promp��g��ve�o Lender a�� rece�p�s of paid premiums and renewal not�c�s. If Borrower o�b�ains an� form of insurance��v�rage, no�o�herwise requ�red by L.�nder, for�amage�o, or destruc�ion af, �he Prflper��, such pol�cy shal� include a standard 7mor�gage c�ause and sha��name L.ender as mor�gagee andlor as an add�tianal ias�payee. In�he e�ent of loss, Barrov�er shali g�ve promp�nat�ce to�he in�urance carrier and Lender. Lender may mak�proof of loss�f no�made promptly by Borravcrer. Unless Lender and Borrov��r othe�-vvi�e agree �n v�rr�ting, any insurance praceeds, wh�ther�r no��he under�y�ng �nsurar�ce was requ�red by Lender, sha�1 be app�i�d�o res��ra�i�n or re�air of the Property, if�he r�s�orat�on or repair�s econom�.cally feasible and Lender`s s�curity is no�lessened. During such repai�and restaration per��d, Lend�r shall ha�e�he righ��o hold such�nsurance proceeds unt�I Lender has had an opportun�ty to inspect such Proper��to ensure the w�rk has be�n enmple�ed to Lender's sat�sfaction, pro��d�d�ha�such inspec�ion sha11�e under�aken promptl�. Lender may dis�urse pr�ceeds far�he repairs and res�orat�on�n a sing�e paym.ent ar in a ser�es af pragress paymen�s as th�work is cflmp�e�ed. tJnless an agreeme�.��s made�n v��ri�.ing or Applicab�e LavW requ�res �n�erest ta be paid on su�h insurance pr�ceeds, Lender sha�l not�e required to pay Barr�we�any interest or earn�ngs on such proceeds. Fe�s fo�r publ�c ad�us�ers, �r o�her third par��es, re�ained b�Borr�w�r shall no�be pa�d�ut of�he insuran�e proc�eds and sha�l be�he sole ob��gatian�f Borro�ver. If�he restora�ion �r repair is no�ec�n�m�caii� feasible ar L�nder's securx�y would be lessened, the insuran�e proceeds shall he appl�ed to the sums secured by�h�s Se�uri��ns�rumen�, whether or n��then due, w�th�he e�cess, �f any, pai�i�o Borrower. Such�nsurance proceed� shal�be applxed in the ord�r prov�ded for in Sect�on 2. �f Borrower abandons�he Proper�y, Lender may ��e, negotia�e and s�t��e an�a�ailabie�nsuran�e claim and re�ated matters. �f Borrawer does nat respond w�thin 3�days to a notice from I�ender��aa�the insurance carrier has offered to set�le a claim, then Lender may ne�ot�ate an��et��e�he claim. The 3�-da�period wi11 b�g�n v�rh�n�he notice�s g�ven. In e��her even�, or�f Lender acquires�he Propert�under Sec�ion 2Z or a�herwise, Borrower herehy ass�gns to L.�nder�a} Borrower's r�ghts ta any insurance proc�eds in an amaunt not�o e�e�ed the amoun�s unpa�d ur�der the No�e or this Securi�y �nstrumen�, and�b} an�a�her�f Borr�v�rer's righ�s �other�han the right�o any refund of unearn�d premiums paid by Borrower}under all insuran�e paiicies cov�ring�he Proper�y, �nsofar as such rights are app�icab�e to�he coverage�f�he Prop�r�y, Lender may use�h�insurance pr�ceeds e�ther to repa�r or restore�he Proper�y or�o pay amoun�s unpaid und�r�he Note ar�h�s Securit� Instrument, �he�h�r ar n�t then due. 6. ��cupan�y. Borr�wer shall occup�r, estab�ish, and use th�Property as Borrower's principa� residence w��h�n d�days after�h�execu�ion of�h�s Secur��y Instrumen�and sha11 c�n�inue�o occupy the Praper�y as Borraw�r's principa� resxdence for a�least ane year after the date of occupancy, unless Lend�r o�herw�se agrees in wr�t�ng, which c�nsent sha�l not�e unreas�nably�i�hheld, or unless e�.�enua��ng cir�umstances exist which are beyand Borrower's��n�ra�. 7. Preser►►ation, Maintena�ce and Protecti�n of t�e Prvperty; Inspections. Borrow�r sha�l no�destroy, damage or impair�he Praper�y, aliaw�.he Praper�y t�de�eriorate or comrrut�waste on�he Proper�y. V�.ether or n��Barr�wer is resid�ng in the Praperty, Borrow�r sha�I maintain�he Proper�y in order to pre�ren�the PrapeY�y fro�n de�eriora��ng or decreasing �n va�ue due to i�s con�.i��on. Unless �t�s d��ermin�d pursuant�o Sect�on S �ha�repa�r ar res��ra��n�s not econ�m�cal�y feasible, B�rrower sha�l promp��y r�pair the Propert� if damaged �o avo�d fur�her de�er�oration ar damage. �f insurance or c�ndemnat�on pro��eds are pa�d in conn�c�ian�nrith damage�a, or�he taking of, the Property, B�rro�r�r shal�be resp�ns�ble far r�pairing or r�stor�ng the Praper�y on�y if Lender has rel�ase�proG�eds for�uch purposes. L�nder ma� dzsburse proceeds N�BRASKA-5ingfe Famiiy-�annie Mael�reddie Mac tJNt�DRM INSTRUMENT Form 3028 11�1 VMP6(N�j t13D�� VMP[] Pa e7ofi7 Walters Kluwer Financial Ser�ices 9