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�D��OQ91� All insuzance policies requvred by Lender and renewals of such policies shall be subject to Lender's right fi disapprove such palicies, shall include a standard mortgage clause, and shall name Lender as mortgagee and/or as an additional loss payee. Lender shall have the right ta b;old the policies and xenewal certificates. If Lcnder requires, Boxrower shall gromptlq give to Lender all rcceipts of paid premiums and renewal notices. If Borrower obtains any form of insurance coverage, not atherwi�e required by Lendes, for clamage to, or destruction of, thc Property, such policy shall include a standard mortgage clause and shall n$me Lender as mortgagee anri/ox as an additional loss payee. En the event of less, Borrower shall give prompt norice to the insurance carrier and Lender. Lender may make proof of loss if not made prompdy by Boaower. Unless Lender and Borrower otherwise agree in wciting, any insurance praceecis, whether or not the underlying insurance was required by Lender, shall be apptied to restorati�n or repair of the Property, if the restora.tion or repair is economically feasible and Lender's security is not lessened. During such repair and restoration period, Lender shall havc the right to ho:d such insurance praceeds until Lendar has had an opportunity to inspcct such Property to ensure the work has been completed to Lender's satisfaction, provided fhat such inspection shall b� undertaken promptly. Lender may disburse.proceeds for the repairs and restorarion in a single payment or in a sezies of pra�ress payments as th� work is completed. Unless an agreement is made 'vn writing or Applicable Law requires interest to be paid on such insurance praceeds, Lender shall not be required to pay Bonrower auy interest ar �rnings on such proceeds. Fees for public adjusters, or other third parkies, retained by Borrower sb.a11 noi be paid out of the insurance groceecls and shali be the sole obligation of Borrower. If thc restarati.oa or repair is not economically feasible ar Lender's security would be Iessened, tl�e insurauce proceeds shall be applicd to the sums secured by this Security Tnstnunent, whether or not then due, with the excess, if any, paid to Banrc�wer. Such insurancc proceeds shall be applied in the order provided far in Se�fiion 2. Tf Bo:rro�ver abandons the Propertq, Lender may $le, n�gotiate and settle any available insurance claim and related matters. If Borrower doe.c nat respond witl�an 30 days ta a notice from Lender tb�at the insuiance carrier has affered ta settle a claim, then Lender may negotiate and settie the ciaim. The 30-day period will begin when the notice is given. In either event, oz if Lendcr acquires the Pzoperty under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights to any insurance proaesds in an amotxnt not to exceed the amounts unpaid uuder the Note or this Security Instrument, and (b) any ather of Borrower's rights (other than the right to any refiwd of uneamed premiunns paid by Borrower) under alI insurance policies covering the Property, insofar as sueh rights aze applicable to the coverage of the Prapenfy. Lender may ose the insurance proceeds either to repair or restore the Pzoperty or to pay amounts unpaid under the Note az this Security Tustrument, whether ar not then due. 6. OeCUpaflCy. Bozrower shall occupy, establish, and use the Property as Borrower's pzineipal residence within 60 days afrer the execution of ihis Security Instrument and shall continne to occupy the Pxoperiy as Bozxower's principal residence for at least one year after the date of occugancy, unless Lender otherwise agrees in writing, which consent sb.all nat be unreasonably withheld, or unless extenuating circumstances exist wttich are beyond Borrow�r's control. ?. Preservation,Maintenanceand Protectionof the Property; fnspection�.Borrower shall not destroy, damage or impair the Prop�rty, aIIow the Property to deteriorate or commit waste on th� Properiy. 'Whether or not Borrower is residing in the Property, Borrower shall maintain the Property in order ta prevent fhe Pragerty from deterioraYing or decreasiug in value due fo its condition. Unless it is determined puasuant to Section 5 that repair or restoration is not econom�ically feasible, Bonrowex shall promptly repair the Properly i£ damaged to avoid further deterioration or damage. If insurance or condemnation pzoeeeds are paid in conuection with damage to, or the taking of, the Property, Borrower shall be respansible far repaizing or restoring thc Propecty only if Lender has reieased proceeds for such putposes. Lender may disburse proceeds NE6RASKASi�gle Fami{y-Fannie tvfaelFreddie Mac UNIFQRM INSTRUMENT Fwm 3428 t/01 VMP O VMFB(IVE) (1145j.00 Wolters K{wver Financial Servkes Fage 7 of 17