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��14��759 All insuran��po�icies requir�d by Lender and renewa�s of such policies sha�l be su�j��to Lender's right�o d�sapprove such po�i��es, sha�i in��ude a standard mar�gage clause, and sha11 name L�nder as mor�gagee andlor as an additiona� �oss paye�. Lender sha11 have��e right to ho�d�he poii�ies and ren�wal certifica�es. �f Lender requires, Borrawer sha��prornpt�y g�ve to Lender a�� receip�s of paid premium�and renewal notices. �f Barrower�b�ains any form of insurance co�erage, no�otherv�ise required b}� I.ender, for damage to, or des�ruction of, �he Pr�p�r�y, such poli�y shal� inciude a standard mortgage��ause and shail name L�nder as mor�gage�andlar as an additionai �oss payee. In the event of loss, Borrower sha�� g��e promp�natice�� he insurance carrier and Lender. Lender r�nay mak�proof of loss if no�mad�pr�mptly t�y Borr�v�er. Unless I.ender and Borrow�r��her�ise agree�n �vr�t�ng, any insurance proceeds, whether or not the un�er�ying insuranc�was required�y Lender, sha��e appl��d t� res�ora�ian�r repair of the Pr�perty, �f�he restoration or repair is�conomi.call�feasib�e and Lender's secur��y is not l�ssened. Dur�ng such repair and restorat�on p�riod, Lender shal.i ha��the right to ha�d such insurance proceeds un�ii Lender has had an opp�rtunity to inspect such Pr�p�r�}�to ensure�he work has been comp��ted�o Lender's satisfact�on, provided that such inspe�tion shal�be undertaken pron�pt�y. Lender rnay disburse proceeds far the r�pa�rs and r�storation in a single payment or�n a ser�es af progress payxnen�s as�he v�ark is comp�e�ed. Unless an agreemen� �s made in writ�ng or Ap��ica�le Law requires �nterest�o�e paid on such insurance pro�eeds, L�nder shal�no�be requir�d to pa�Barrower any int�r�st or earn�ngs on su�h proceeds. Fees for pu�b��c adjusters, or�ther third par�ies, re�ained by B�rrower sha�i nat be paid out of th�insuranc�pro�eeds and sha��be the sole abligation of Barrower. �f the restnra�ion �r r�pa�r�s na�econamicall� feasib�e�r Lender's securi�y would be�essen�d, the�nsuran�e proceeds shal�be applied to the sums secured by�h�s Securi�y Instrumen�, whether or not then due, wi�h�he�xcess, if any, paid�a Barrovver. Su��z �nsurance praceeds sha11 b�applied in the order pro��ded for in Sec�ion 2. �f gorrower abandons the Proper�y, Lender may ��e, negotiate and settle any a�a�iab�e insurance claim and relat�d matters. �f Borrower does not respond wi��iin 3fl days to a notice fram Lender t�at the insurance �arrier has offered�o s��Ie a c�aim, then L.�nder ma�negotiate and se�tle�he claim. 'T�e 3�--day per�od�v�� begin when the notic�is given. In e�ther��rent, ar�f Lender acquires the Proper��under S�ct��n 22 or o�herw�se, Barrower hereb� assigns to I.�nder�a} $orr�wer's righ�s to any �nsurance proceeds in an amount no��fl exceed the amoun�s unpaid under the No�e or�his Se�ur�t� �nstrument, and tb3 any other of B�rrower's r�ghts �other�han�he right t�any refund of unearn�d prem�ums pa�d by Borrov�er}under all insurance pol�cies co�ering�he Proper�y, insofar as su�h rights ar�app��ca�le to the co�erage�f the Proper�y. Lender may use�he insuranc�proceeds ei�her�o repair ar r�s�ore the Property�r tfl pay amounts unpa�d under the No�e�r�his Se�ur�ty �nstrumen�, whether or n�t then due. �. flccupancy. Borrower sha��flccupy, establ�sh, and use the Propert�as Borrnwer's pr�ncipal res�dence wi�hin 6�days af��r�h�ex��u�ion of this Secur��y �nstrument and shal� con�inue to occup��he Proper��as Borrower's prin�ipai residence for a�leas�one y�ar a�ter the da��of occupanc�r, unless Lender�therw�se agrees in wr��ng, which consent shall n�t be unr�asonab�y wi�hheld, flr un�ess�xtenua�ing circumstances exis�which are be�rand Borrower's con�rol. 7. Preservatifln, Maintenance and Pr�te�tion of the Pr�perty; �nspe�tians. Borrawer sha11 no�des�roy, damage or impair the Prflper��, aiiow the Property ta deter�orate or commi�vvaste on the Praper�y. �'he�her ar no�B�rrower�s residing in th�Proper�y, Barro�ver shall ma�nta�n the Property �n order�a pre�rent th� Praperty fram de�e�iora�ing or de�r�asing �n�alue due ta i�s c�ndi�i�n. Un�ess �t�s de�ermined pursuant ta Sec�ian S �hat repair or res�ora�ion �s�at e�o�aomica�iy feas�bl�, Borrovver shal�prompt�y repa�r�he Propert� �f damaged to avo�d further deterxora�i�n or damage. If insurance�r condemnation proceeds ar�pa�d in �onnec�ian w��h damage to, or�he talcing of, the Property, B�rrovver sha11 be respons�b�e for repa�r�ng or res�oring the Praper�y an�y if Lender has released pr�ceeds for such purposes. Lender may di�burse pra�eeds NEBRASKA-5ingfe Farniiy-Fartnie Mael�reddie Mac UNI�aRM 1NSTRUM�NT Form 30�8 11�1 VMP Q VMP6{NE)�7 302� Waiters Kluw�r Finar�cial Ser�#ces Page 7❑f i 7