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201208987 A1l insurance policies required by Lender and renewttls of such policies sha11 be subjec[to Lender's right to disapprove such policics, sha71 include a standard mort�gage claztse, and shall nan�e Lender ea mortgagee And/or ae an additioual loss payee. Lender shall have tlio right to hold the policies and senewal certificatea. If Lender requires, IIorrower shall promptly give to Lender all receipes of paid prutiroiums at7d renewal noticea. If Borrower ol�taias any forin of instuazice ebverago, not oYherwise required by Lender, Por clamage lo, or desh•iacHon of, the Property, such policy shall include a sYandard inortgage eleuse nnd ahall name Lender as mortgagae a��id/or as an addi¢iona] loss payco. In Yhe ev�ntt ef loss, 13ortower shall give prompt notice to the iusurauoa ca�rier 2uid Lender. Lender mey malce�rooP oP loss iP uoC made pxo�v�aCly by&n�rowor. Un]esF Lcndcr and f3orrower otl�erwiae agree in �iituig, Any inew•ance proceeds, whether or not the unde�lying inaui�2nce was required by Lendcr, eh111 bc applied fo resl'oration or repair c�f thc Property, if thc restoration or repair is econoinIoally£easibla�id Lender's secw•ity ie not lessenecL During suoh repeir aud restoration period, Lendcr shall huve tho right to hold such iusurance proceeds unEil Lender has hnd an opportunity to inspect such Property fo ensure the worl<has Ueen wtnpleted to l.ender's satisfaotion, provided that such inspection shall be undertaken prompCly. Lender n�ay ciisb�u�se procceds for thc rc�airs and restoration in a single payment or in a series of progress payments es the work is eampleted. Unless an agreen7ent is m�de is�writing or Applicable Law requires interest to Ue ptud on such insw�ance proceeds, Lander shall not be required to pay Borrower nny interest or earninbs on such proceedy. Pees far publio adjusterg, or other Uiird partiies, retained by Borrower shall not bc�aaid out of tho ineurancc procccdti and shall bc thc sole obligafion of 13orrowcr. Tf the rcvtoration or repnir is uot economicelly feaeiUle or Lendex's security woulcl be leseened, Che insurauoe�roceeds shall be zpplied to the swns secwed by this SecuriTy Pnstr•wnent, whether or not then due, wifli Yhe excess, if any, paid to Rorrower, Suoh in5urance�rocceds sha7l be applicd in the order proVided for in Secfiou 2. Lf Aorrower abutdon�Hte Property, l.euder may file,ne�otiate u�d setfle a�iy auailable insw�ance claim uid relateci matEei�s. I£Borrower doe�noC respond wilhin 30 ciaye Co a no�ioe frc�u�Londcr that the insurancc cariier has offered to settle a elaim, theu Lender may negotrete and settle the clnim. Tl�ie 30-day period will begin wheu Yhe notice is given. In eiYher event, or if Lender acqiaires the Properry under SecPion 22 or otl�erwise, Aorrowar hereby assig�y to Le�1de�� (a) T3orrowet's xights to any instiutuica proceeds in An amotuit noC to exceed the amount�s unpaicl imcier the NoCe�r Lhia See�triLy InsCr�unenC, and(b) any oLhcr of Borrov✓er's righte (oYher thnn Yhe right Yo any refund of uneained preminms paid by Borrower) nnder nll inei�rance��licics coveririg tke Yroperty, insofsr as suel�righte are applicablo to tho covcrago of thc Property. Lender may iise the insurnnce proceecls either to rep�ir or restore the ProperCy or to pny amoLw[s unpaid under tlie Note or tlue Secu�ity Instrument, wl�ether or not Chen due. 6. OCcupancy. Borrower sha1T occupy, establieh, aud use tl�e ProperCy as Borrower's prinaipal rasidence within 60 days aftcr thc exccntion oP this Security Tnstrunxent and sl�al l contiriue to occupy the Yrowerty as I3orrower'a principnl residence for nt least one year after the dale of 000upa�ioy, imless Iender oCherwiec agrees in wriYing, which coirsent shall not be w�re�souably wiEhheld, or unless extenu�ting circumstances exisf wliich are Ueyond T�on�ower's conhol. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower sl�all not dest�•oy, damttgc or impair ilxo Property, allow thc Yroperty to dcteriorate or corron�it waste on t1�c Proparty. Whethei� or not Borrower is residing in the Property, Borrower sh�Il maintain the Property in order to prevent the Properry' fi�oin deterioraking or decreasing in valua due Eo iYs condiEit�n. Unless it is determined pw�suent to Section 5 that repair or restoration is not economically feasible, Rorrowe�� shall proinptly repair the Pro�erty if dnmaged lo nvoid fiu�fher deCeriorat�iov or dun�ge. IP insurance or wn�lemnatiou�roceecis are�paid in eonnection with dunege to, or the taking of, the Property, Borrower shnll Ue responsible fox repniring or resCorivg the ProperCy only if Lender has released p�oceeds for such purpoees. Lender inay disbm se proceeds 2aaozssa N EBNASKA-SIngle Fem Ily-Fannle M aelFreddle M ac UNIFO Wvl INS"I'HUA4 EN'I' Form 3a 28 1101 VMP �p VMPB�NE)(1'105) Wollors Kluwet Finnnciel3ervlaes Pnge 7 of 11