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2� 1 ��3973 <br /> All insurance pol�c�es r�quired b� Lender and renevva�s of such polic�es shall be su���ct to Lender's �igh�t� <br /> dxsapprQ�re such polic�es, sha�� in�Iude a standard rnor�gage c�ause, and sha�� name Lend�r as mor�gagee <br /> andlor as an add�tional �oss payee. Lender sha��have the r�gh���hold the po��cies and renev�rai cert�f�cates. �f <br /> Lender requires, Barrower sha��prflmp��y g�v�to Lender all r�Ceipts of pa�d pr�rniums and renewa� no����s, <br /> If Borrower��taxns any f�rm af�nsurance�o�r�rage, nat o�herwise requ�red�y Lender, far damage ta, �r <br /> destruc��on of, the Praper�y, such palicy sha�l xnclude a s�andard martgage c�ause and shal� name Lend�r as <br /> mortgagee andlar as an addi��ona��oss payee. <br /> �n the e��n�of I�ss, Borr�w�r sha�� g�v�promp�notice ta�he�nsurance carrier and Lender. I.�nder may <br /> make proof of loss �f n�t made promp��y by Borra�ver. Un�ess Lender and Borrower o�herwxse agree in <br /> v�riting, an� insurance pr�ceeds, whether ar nat�ae under��ing�nsurance was requxred by Lender, shal�be <br /> appiied�o res�ora��on ar repair�f the Praper��, �f the res�ora�ian�r repa�r�s econnmically feas�ble and <br /> L.ender's s��ur�t� �s no��essened. During such repazr and restorat��n periad, Lender sha�l have the r��h�to <br /> h��d such insurance proceeds unti� Lender has had an opportunity�o inspect such Property�a ensur��he <br /> w�rk has been comp�eted ta Lender's satisfa�t��n, pr�vided�ha�such�nspectian sha�i be undertaken <br /> prom�tly. Lender may dis�urse proceeds far�he re�airs and res�oration in a single pa�men�or in a series of <br /> progress payments as �he w�rk is comp�eted. Lln�e�s an agreem�nt�s made in writing or App�icable Law <br /> requ�r�s inter�st�a be pa�d an such �nsurance proc��ds, Lender sha��no�be requ�red to pay Barrower an� <br /> interes�or earnings on such proceeds. Fees for pub�ic adjusters, or other third parti�s, retain�d by Borrawer <br /> shal� na�be pa�d ou�of the�nsurance praceeds and shal�be the s�le abl�ga�ion of Barrower. If the restara�ian <br /> or repair is no�econom�ca�ly feasible or Lend�r's securi�� vvould be Iessened, the insurance proceeds shal��e <br /> appl�ed to the su�ns secured by this Secur��y Ins�rumen�, whe�h�r or not then due, w�th the exc�ss, if any, <br /> pa�d to ��rrow�r. Such �nsurance proceeds sha��be applied in the order pro�id�d for in Sec�ian 2. <br /> If Borrower abandans the Property, Lender may fi�e, negotia�e and settle any available insurance claim and <br /> reiated matters. If Borrow�r does nat respond w��hin 3�days�o a n��xce from L.�nder tha�the insurance <br /> carrier has affered to se��ie a cla�m, �hen Lender m�.ay negot�at�and se��.��the��aim. The 30-day periad will <br /> begin when the not�ce is gi�en. �n e��her e��n�, or if L�nder acqu�re��he Prap�r�y under Sectian 22 or <br /> o�herwise, Borrower hereby assigns�o Lender�a} Borrower's rights to any �nsurance pro�eeds in an amount <br /> nat to exceed �he amaun�s unpa�d under�he Note flr this Securi�y Ins�rumen�, an� �b} any ather af <br /> Borrov�er's rxghts �o�her�han the r�gh�t� any refund of unearned pr�m�.ums pa�d b�r B�rrow�r}under a�1 <br /> insuranc�policies covering�he Proper�y, insofar as such rights are appl�cable�o the�overage of�he <br /> Praper��. I�ender may use the insurance proceeds ei�her�o repair or restore the Property �r to pa�r amaunts <br /> unpa�d und�r�he Nate�r th�s Security Ins�rument, whether or not�hen due. <br /> 6. ��cupancy. Borrovver sha11 accupy, establish, and use the Proper�� as B�rrower's princ�pa� resi�ence <br /> vv�thin 5�days af�er the ex�cut�on�f th�s Secur����nstrumen� and sha�� continue�a oc�upy�he Property as <br /> Borrawer's principal r�s�d�nce for at leas�one y�ar af�er the da�e af�c�upancy, unle�s Lender o�h�rwise <br /> agrees in writing, vvhich c�nsent sha��nat be unreasanab�y vv�thheld, �r uniess e��enuating circums�an�es <br /> e�.�s�whi�h are beyand Borrovver'�control. <br /> 7. Preser�ation, Ma�ntenance and Protecti�n af the Property; In�pecti�ns. Borrower shall not destroy, <br /> damage ar impazr the Property, a11o�r�he Property to deteriora�e or com.n�t v�ast�on fhe Property. �hether <br /> or not B�rrower is res�ding in�he Proper�y, Borrow�r sha�l maintain the Property �n order to pre�en�the <br /> Proper�y frnm de�eriorafing�r d�creasing�n va�ue du��fl ��s cand���on. Un�ess it is deternuned pursuan��o <br /> Sec��on 5 that repair or r�starat�on is not economica�ly feas�ble, Borrower sha�l promptly repa�r the Property <br /> if damaged�o avo�d fur�her deter�oration or damage. �f insurance or condezrinatx�n proceeds are paid in <br /> connection wi�h damag�to, or�he tak�ng nf, �h�Proper�y, Barrower sha�l be responsible far repair�ng or <br /> res�or�ng the Proper�y on�y �f Lender has re�eased praceeds for su�h purpases. L�nder may�isburse proceeds <br /> NEBRASKA-Single�amily-Fannie MaelFreddie Mac UNEF�RM�NSTRUM�NT Farm��2$11�1 <br /> VMP� <br /> VMP6(N�)('#3Q2J <br /> Wolters Kluwer Financ{al Ser�i�es Page 7 of 17 <br />