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201210372 All insurance policies requirec�6y Lender and renewals of such policics shall be subject Io Lender's right to disnppinve suel�policies, shall include�standarci mortgage clause, uid shall naine Lender ns morCgagcc and/or as tut eddirional loss payee. Lender shAll have the right to hold the poflciea and reuewal carti$c�tes. If l,ender requires, Borrower shall proinp[ly give to Lender�Il reccipts of paid premiLims and renewal notices. IP Borrotver oUtains auy f'orm of insi�rance coverage, not otherwise required by Lender, £or cl�mage to, or destruction of the'ProperCy, sucfi policy sliall include a stiendard mortiglge clause and shAll name Lenticr ae mortgagee anci/or as an additional lose payee. In the avent oF loss, Borrower shall give prompt nolice to the instu•ance cnn�ier and Lendar. Lender may malce proof of lass if not m�de promptly by Borrower. Unlcas Lender and Boxrower otherwise agree in wrifii7g, any insurance proceeds, wheflrcr or not the underlying in�uxance was required by Lendor, shall Ue applied Yo restornHon or re��air af the Property, if the resloration or repair is eeonouuoally feasible aud Lender's aecuritiy is not lessened. DLu�ing such repair ttnd restoralion period, Levder sha11 have thc rigTit to hold sUch ineurance proceeds until Lender has had an opporttmity to inspecC euch Property to ensure Lhe work hns been coimpleted to Lender'a satisfAction, providad thnt such inspecCion ehall Ue widerCaken piromptly. Lender may di5burse proceeds for the repaira and restoration in a single payment or in a series of' progress paymenYs as the wor]< is aomp7eted. Unleas au agreement is n�acle in writing or ApplicaUle l,aw rcquires interest tio be paid on suoh insnrance proceeds, Lender sh�ll not hc required to pay Borrower any inCeresC or carnings on such proceeds. Pees Lor��uU1ic adjnsters, ar other Chird partics, retained Uy Boxrower shall uot be paid ouC of the insurance proceeds and shall bo the sole oUligation of Borrowcr. lf tlie resCoration or repair is not eeonomically FeaeiUlo or],ender's seourity would bn lcsnened, Y1ie inaurence procec;ds shall Ue �pplied to the suine secured by this Seciu�iCy Instrume�it, whatlier or not then daq witU tha axcess, i£nny, paid to Boirower. Suul� insuranca proceede shell be applied in the order provided for in Scction 2. If Barrower abandons the ProparCy, Lender may file, ncgoHnte and sattle any a�uailable insurance claim aud related matters. If Borrowor does not respond wiYliin 30 days to a riotice from Lender thnc the insuranoe earrier has offered to eeCCle a daim, then I,ender inay negotiaee�i�id settic thc clavn. The 30-da�period will begin when the notice is giveu. In either cvcnt, o+ if Lender aoquires the Property under Section 22 or oThe�wise, }3orrower heraUy aesigns to Lender(a)Borrower's rights tio any insurence procecds in an amount not to exoeeci lhc auzounts unpaid under the Note or this Seoiu�ity lnstr�unent, and(b) �ny other of Borrower'e rights (nther Chan 11ic rigUt to any refimd of unearned premiums pxid Uy Borrower)Luider all insurance policies oovorfiig flie ProperCy, insotar as euoh rights v�o appGcable to the coverttge oP t�he Prol�erty. Leuder mny use the ineLu-avice p�aceeds either Co repair or xestore hl�c Properly or to pay amounts unpaid under flie Note or tl�is Security Insutunenk, whetl�cr or not tihen due. 8. Occupancy. Borrower shall occupy, esCt�hlish, and uso the Property as Borf�awer's principal rc;sidence wiChin fi0 days aftcr the exeoutiion of this Seeurity Inst��umenti and shall continue to oceupy the Property as Barxower'e prinoipal residcnco fior at least ona yezr aftar the dafe of occupancy, unless Lender otherwise agrees in writing, wbioh conseni��l�all not be ui�reasonably witbheld, or unless oxtonuating circwns{a�ices esist whioh are beyond Boirowec's confrol. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not dest�oy, damagc or impair the Property, a11ow the ProperCy Co deleriorate or commit waste on the Pro,pexCy. Whc;thcr or not Borrower is reaiding in the I'roperky, Barower shall mainYain the Pa•opc^�ty in order to prevent the ProperCy from deteriorating or deoreasing in valuc due to its condiYion. Unless iC is cletern�incd pm�suant to Section 5 tl�at repair or restoration is not econonvcally�Peaei6lq Rorrower shall promptly repair Lhe Prope��ty if damaged tio avoid fnrtl�cr deterioration or daanage. IF insur�nce or condemnation proceeds are paid in connectian with damage fo, or 11�o talcing nf, t�ie Property, Borrower shall be responsible for repairing or restoring the Property only if Lender has relcascd proceeds for such pur�oses. Lender may disbm'se proceeds 24002955 NEBHA31(A-SingleFamlly-FennleMaelFredtlleN2cl1NIFORMINSTRUMFNT . Form3o281/01 vMP�� vnaPe�Ne�+t�as� Wnlfars Kluwer Flnnnciel9ervlces Pego 7 of 1]