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��14��13� A1� insurance pfl�zc�es required�y Lender and renevvals of such po��cies �hall be subje�t�o Lend�r's right to d�sappro��such po��cies, sha�l �n�lud�a standard mortgag�clause, and sha�� name Lend�r as mor��agee andlor as an additionai lass payee. L.�nd�r shall ha�e the r�g��o hald the po��cies and renewal cer�ifica�es. �f L,ender requires, Barrav�rer shal�prompt��ive to Lender al� rec��p�s of paid prem�ums and ren�vvai na�ices. �f Borr�wer abtains any f�rm of insuranc�co�rerage, no�othervvise requ�red by Lender, f�r dam.age to, or destruct��n of, �he Property, such pfl�icy s�al� �nc�ude a standard mortgage c�aus�and shall name Lender as mortgagee andlor as an add��ional loss payee. In the event of��ss, Bflrrov�er shall gi�e prampt not�ce to�he insurance carrier and Lender. Lender may xnake pr��f of��ss if not made promptly by Borrov�er. Unless L,ender and B�rrower otherw�se agree in wr��zng, any �nsurance proceedss wheth�r or not�he underlying �nsurance was requ�r�d�y I.�ender, sha��be applied ta rest�ra�ion or repair of the Property, �f the restoration or repair is econfln�ca�ly feasible and Lender's securi�y is not lessened. During such repair and restarat�on period, I.ender sha��have the righ�ta hoid such insurance pro�eeds until Lender has had an�pp�rtunity to �nspect such Proper�y�o ensure�he work has been completed to I�nder's sa�isfaction, pro��ded that such inspection sha11 be undertaken promp��r. Lender may disburse proce�ds for the repa�rs and res�oration in a single payment or in a series of pro�ress payments as the work is cflmpleted. Unl�ss an agreem.ent�s rnade in wr�t�ng tir App�ica�le La� requ�res inter�st�o be paid on su�h�nsuranc�proceeds, Lender sha�l no�be required�o pa�Barrower any �nteres�or earnings on su�h proceeds. Fe�s for pub�zc adjusters, or o��er th�rd parties, re�ained by B�rrflw�r shall no�be pa�d out of the�nsurance proceeds and shal�be the s�ie abligation of Borrower. If the restorati�n or repair is not econnnzica�ly feasible or Lender's se�urity wou�d be�essen�d, the insuranc�praceeds sha�l be applied t��he sums secured by this Secur�ty �nstrument, whe�her ar not th�n due, wi�h the excess, �f an}�, paid to Borrawer. Such insuranc�proc�eds sha�l be app�ied �n�he order provided for in See��on 2. If Borrower ahand�ns th�Proper�y, Lender may ��e, negot�ate and settle an�r a�ai�ab�e�nsurance claim and reiated ma��ers. �f BQrrower does not resp�nd wi�hin 3�days�o a not�c�from I,�nder that the insurance carrier h�s offered to se�tle a�lainl, then Lender ma� negotia�e and set�le�he claim. The 3�-day per�od wil� begin v�hen the notiGe is given. �n ei�her e�en�, �r if Lender acquir�s the Property under Section 22 or otherv�r�se, Borr�v�er hereby assigns to Lender�a} Borrov�rer's rights to any �nsurance proceeds in an amaunt not ta exce�d the amoun�s unpaid under�he Note or�his Securi�y Instrumen�, and �b} any o�her ot' Borr�v�aer's righ�s ��.er t�.an t��r��ht to any refund�f unearned premiums paid by Bflrrower�under a11 insurance po�icies c��ering�he Proper��r, insofar as such rights are app�i�able�o �he coverage of�h� Pr�perty. Lender may use�he insuran�e proceeds ezther t� repair or res�are the Proper��r t�pay amaunts unpaid under�he No�e or th�s Secur�ty Instrument, whe�h�r or n��then due. �. C]ecupancy. Borrawer shall occup�, esta��sh, and us��he Proper�y as B�rr�wer's prin��pal residence �ri�h�n 6D days af�er the execut�an of this Se�urity �ns�rument and shal� cont�nue ta a�cup�the Property as Borrawer's pr�ncx�ai res�dence for at least one year af�er�he dat��f�ccupancy, unless L,end�r otherwise agrees in writ�ng, vvhich consent sha�l not�e unreasonab��wi�hhe�d, or unless e��enuat�ng c�rcumsta.nces exist which are beyond Borrower's contro�. 7. Preser►vativn, Maintenance and Protectian of the Praperty; lnspections. Borrower sha��nat des�royy damage or�mpair the Proper�y, a��ov�r�he Pr�perty�o de�er�ora�e or commi��vast�an the Prop�r�y. V�Theiher or n�t Borrawer is resid�ng in�he Praper�y, Bflrrawer shall maintain the Proper�� in nrder�o pre��n�the Proper��frorn deteriora�ing or decreas�ng in�alue due�o ��s condi��on. Un�ess i�is determined pursuant�o Sec�ion 5 tiha�repa�r or r�s�oration is nat economicall� feas�h�e, Barrower shal�pramp�l� repair the Proper�� if damaged to avoid furth�r deter�oration or damage. If�nsurance or cnndemna��an pr�ceeds are paid in connect�on w��h damage�o, ar�h�taking of, the Proper�y, Borrower shail be responsib�e for repairxn�ar restoring the Proper�y�ni� if Lender has released proceeds for such purposes. Lender may disburse proc�eds NESRASKA-Single�am�ty-Fannie Mae1F��ddie Mac UNI�aRM INSTRUMENT Farm 3�28 11�1 VMP(� VMPfitN�1[�3�23 W�Iters Kluwer Financiat Ser�ices Page 7 of'i 7