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. ��14��57� AIl insurance palic�es required by Lender and renewals af such policies shall be sub�e�t�� Lender's right�o disapprove such poli�ies, shall include a standard mor�gage clause, at�d shall name Lender as mor�gagee andlor as an additional loss payee. Lender shall have�he r�ght to hold the policies and renewal certx�cates. �f Lender r�qu�res, Borra�ver shall pr�mptly gi��o Lender ai�receip�s of paid prem�ums and ren�v�a� n�t�ces. �f Borrow�r ob�a�ns any farm�f insurance co�erage, no�o�h�rvv�se requ�red by Lender, for damage to, or des�ru�tion of, the Prop�r�y, such po�icy sha11 inc�ude a s�andard mor�gage c�ause and shall nam�Lender as mor�gagee andlor as an addi�i�na� �oss payee. �n�h�event of 1ass, Borrower shai�give promp�no��ce�a�h�insurance�arrier and Lender. Lend�r may make proof of loss �f not made promp��y by Borrov�rer. Un�ess Lender and Borrower�thervvise agr�e�n vc�ri��ng, an� insurance pr�ceeds, wheth�r or not the underlying insurance was requ�red b� Lend�r, shall be applie��o res�orat�on or repa�r of th�Praper�y, if�he restara�ion or repair is economuca��y feasib�e and Lender's security is not �essened. During such repair and res�oration p�r�od, Lender shall have�he r�ght�o hold such xnsurance proceeds untx� Lender has had an oppor�un�ty ta �nspec�such Prop�r��to ensUre�he work has been completed to Lender's sat��faction, provided that such �nspec�ian shail be undertaken promp�ly. Lender may disburse pro�eeds far the repairs and res��ra�ion�n a sing��paymen�or in a ser�es of progress pa�men�s as�he v�ork�s comp�eted. Unless an agre�ment is made in v�riting or A�p1�ca�I�Law r�qu�res �nteres��o be pa�d on such �nsuranc�pro�e�ds, I.�nder sha�� nflt�e r�qu�red t�pay Bflrrower any in�er�s�or earn�ngs on such proceeds. Fees for pub�ic adjus�ers, �r ather�h�rd part�es, r�ta�ned�y Bflrrawer sha1l nat be paid out af�he�nsurance prfl��eds and shai��the so�e obligation�f Borrower. �f��e restara��on or repa�r is no�e�onamically feasible or Lender's securit�r would be lessened, the�nsurance proceeds sha�i be app��ed to�he sums secured by th�s S�curity Instrument, whether�r n�t th�n due, v�ith�he excess, �f an�, pa�d ta Borrourer. Such �nsurance praceeds shal��e app�ied in the order pro�ided f�r�n 5ection 2. If Borrower aband�ns the Proper��, Lender�na�r ��e, nego�iate and se��le an�available insurance cla�m and re�ated matters. �f B�rr�vver does no�resp�nd wi�hin 3�days ta a noti�e from Lender tha�the insuranc� carrier has affered to set�le a cla�m, �hen Lender ma�nego�iat�and settle the c1a�m. The 3�-day peri�d wi11 begin when�he no�ice �s gi�en. �n e��.er e�ent, or if Lender acquires�he Propert�under Section 2�or otherwise, Borrower here�y ass�gns�o Lender�a} Borrower's righ�s�o an� insuran�e proceeds�n an amount not to exceed�he amount�unpa�d under�he No�e or��is Secur�t�r�nstrument, and��} any other�f Borr�wer's r�ghts �o�her than the righ�to any refund af unearned premuiums pa�d by Borrower}under a�� insurance pfllicies cover�ng�he Pr�per��, insofar as such righ�s ar�appli�abie��the caverage of the Praper�y. Lender may use the�nsurance proceeds either to repa�r or res�ore�h�Property or�o pay amnunts unpa�d under th�Note or this Security Ins�rument, whether or n�t then due. 6. Decupancy. Borr�wer shall occupy, es�ablish, and use the Propert�as Borrawer's princzpal res�dence v�i�hin d�days af�er�he�xecu�ion of th�s Securi�y �r�strumen�and shali continue�o oc�upy�he Prflperty as Borrower's pr�n�ipal residence for at�eas�one year after the da�e of occupanc�, unless L�nder otherw�se agrees in v�r�t�ng, which c�nsent sha�i not be unreasonabl��ithheld, or un1�55�x��nu��ing C�rCumStanCeS exis�vvhich are bey�nd Borrower's cantrol. 7. Preservation. Maintenance and Prvtectivn of the Property; [nspectians. Borrower shal�not d�stro�, damage or impair�he Pr�per�y, a��w �he Property to de�er�nrate or�omm��was�e on the Proper�y. �Vhether or not BorravWer is residing in the Praper�y, Borrov�►rer sha11 maintain the Prop�r�y �n order to pre�vent�he Property from deter�ora�ing�r decreasing in�alue due ta ��s c�ndit��n. Unle�s it is determ�ned pursuan��o S�c��on S �hat repair or res�ora�inn�s not econom�cal�y feasib�e, B�rrower sha�l pramptly repair the Proper�y if da�maged to avoid fur�h�r d��eriorat�an ar damage. If insurance�r condemnat�on pro�eeds are paid in �onnec�ion vvith damage�o, ar�he tak�ng af, the Prop�r�y, Borrower shali be responsi�le for repairing or r�stnring the Pr�perty anl� if Lender has reieased proc�e�s for such purposes. Lender may disburs�pr�ce�ds NE8RA5KA-Sir�gt�F�rrtily-��nr�ie Mael�reddie Mac UNI�ORM 1NSTRUM�NT Form 30�8 110� VMP(] VMPfi{N�y��30�3 Wa�ters Kluwer Fir�ancial 5er�ic�s Page 7 of 17