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2� 1 ��884� All insuran�e polici�s required by Lender and renewals of su�h policies shal�be subject to Lender's right t� disapprove such pol�cxes, shal.l xnclude a standard martgage clause, and sha�.l name L�nder as mortgagee andlor as an additronal loss payee. Lender shall have the rrght to h�ld the polzcies and renewal certificates. �f Lender requrres, Borrower sha11 promptly gi��to Lender all receipts of paid premi.ums and renewal notices. If Borrower obtains any farm of insurance caverage, not athervvxse requxred by Lender, for damage t�, or destructian of, the Praperty, such policy sha11 include a s�andard martgage clause and sha11 name Lender as mortgagee andlor as an add�tiona.�loss pay�e. In the e�ent of�ass, Borrovver sha�I give prvmpt nati�e to the insurance carrier and Lender. Lender may make praof of I�ss if not made prompt�y by Barrower. Unless Lender and Barrawer otherwise agree in w�i.t�ng, any insurance proceeds, whether or not the underlying�nsuranc�was required by Lender, sha��be applied ta restorat�on ar repair af�ie Praperty, if the restarati�n or repair is economical�y feasib�e and Lender's se.�urit��s not lessened. During such repair and restoration period, Lender sha11 have the�ight to hold such insurance praceeds un�il Lender has had an opportuni�y ta inspect such Praperty to e�sure the wark has been completed to L�nder's satisfaction, provided th.at such inspection shal�be undertaken prorn�tly. Lender may disburse proceeds for the repa.�rs and restoration in a singie payment vr�n a series of pragress payments�s the wark is comp�eted. Un�ess an agreement zs made i.n Wr�ting or�pplicable Law requires interest t�be paid on such insurance pro�eeds, Lender sha11 not be requ�red to pay B�rrower any interest or earnings vn such proceeds. F��s for pub�ic adjusters, or other third parties, retai�.ed�ay Borrower sha.11 na�be paid aut of the insurance pr�ceeds and shall be the s�1e obligatian af Borrower. If the restoration or repair is not economically feasible or Lender's securxty wou�d be lessened, the insurance proceeds shall be applied ta the sums secured�y this Security�nstrument, v�rh�th�r ar nat th�n du�, wxth the exces�, if any, paid to Barrower. Su�h insurance proceeds shall be applied in the arder pravided for in.5ection 2. rf Borrvwer abandans the Praperty, Lender may f�le, negotiate and settle any availab�e insurance claim a.nd rela�ed rnatters. If Borrower does no�respond wrthin 3�days t�a n�tice from Lender�hat th�insurance carrier has affered�.o settle a claim, then Lender may negot3ate and settle the claim. The 3�-day periad wii� begin when�.he natice is given. In either event, or if Lender acquires the Property under Section 2��r othervvise, Borrower hereby assigns to Lender�a}Borro�ver's rights to any in.surance proceeds�n an amount not ta exc�ed the amounts unpaud under the Note or this 5ecurity Instrument, and(b� any other of Barrower's rights �other than the right to any refund of unearned premiums paid by Barrvwer�under all insurance polxcxes covering t�ie Praperty, insofar as such rights are app�icable t�the coverage�f the - Property. Lender may use the insurance praceeds either to repair or restare the Prop�rty or to pay amou.nts unpaid under the Nate or thxs Security Instrument, whether ar not then due. 6. �cGupancy. Borrower shall accupy, establish, an�use the Praperty as Borrnwer's principal residence yvithin 6�days after the execution of this Security Instrument and shall cont�ue t�occupy t.Yie Prop�r�y as Borrower's principal resid�nce for at least one year after the date of occupa.ncy, Lill1�55 L�I1C��'O#,�7�TW15� agr�es in writing, which consent sha1l not be unrea��nab��withheld, ar unJ.ess extenuatu�.g c�rcur�stances exist v�hich are beyond Borrower's control. 7. Preser�atian, Matntenance an� Protectian af the Property: Inspectians. Borrower s�ial�not destroy, damage or impaxr the Praperty, allow the Praperty to deteriarate or carnrnit vvaste on the Property. �hether or�ot Borrow�r is residing �n�he Property, Borrov�er sha�i maintain the Prop�r�y in arder to prevent the Property fram deterioratiug or decr�asir�g in value due to its condition. Ur�ess it is determi.ned pursuant�o Sectian�tri�.t repa.ir or restoration is not econom�cally feasible, Barrower sha1�prompt�y repai.r the Property if damaged to avaid further det�rioration or damag�. If insurance�r cvndemnati�n pra��ds are paid in can.necti�n with�amage ta, ar tY�e taki�g of, the Property, Barravver sha.11 be responsib�e f�r repairing or �restoring th�Property on�y if L�nder has released proc�eds for such purposes. Lender may disburs�proceeds NEBRASKA-Sir�gle�amily-fannie MaelFreddie Mac LJNIF�RM INSTRUMENT Form 3�28 71�1 VMP Q VMP6fNEy�13Q2y Wvlters Kfuwer Fi�an�ial Ser�ices Page 7 of 9 7