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��14�3��5 Al1 �nsuranc�po�icies required by Lender and renewa�s of such policies sha�l be subjec�to Ilender's right�� disappro�re such poiic�es, shall �nclud�a standard mor�gag�ciause, and sha�� na�ne Lender as mor�gagee andl�r as an addi�ional loss payee. Lender sha��hav�the rxght to hold�he po��c�es and renewal c�r�i�cates. �f I�ender requires, Borrower shall prompt�y gi�e�o Lender all rec�ipts of pa�d prem�ums and ren��vai no�ices. �f Borrawer o��ains any form af insurance coverage, no�otherwise required by Lender, for damage�a, ar destruc�ian of, �he Praperty, suc�p��xcy sha�l �nclude a standard mor�gage clause ar�d sha�� name L�nder as rnortgagee andlor as an add�t�onal loss paye�. �n the e�ren��f�oss, Borrower sha�� g��prompt notic��th�insuranc�carrier and Lender. Lender ma� xnak�proof of Iass �f nat made promptly b�gorr�v�er. Unl�ss Lender and Borrawer otherwise agree in wri�ing, a�ay �nsurance proceeds, whe�her or no�the underlying insurance was requ�red by Lender, sha1l be applied to restarat�on or repa�r af the Praper�y, �f th�restnrat�on ar repa�r is econana�ca��feasib�e and Lender's securi�y is no��essened. During such repair and res�oration per��d, Lender sha��have�he rxgh��o hald such insuran�e proceeds unt�l Lend�r has had an oppor�unit�ta inspec�such Praper��o ensure�he vvar�has been�ompiet�d�o L�ender's sa��sfac�xon, pro�ided tha�such inspec�ion sha��be under�al�en pr�mpt�y. L.ender may d�sburse proc�eds for�he repairs and r�s�oration in a single pa�ment or�n a series of pragress paymen�s as�he work is completed. Unless an agreemen��s made in writing or Appl�cable Lav� requires interes�to b�paid on such �nsurance proceeds, Lender sha�l no�be required�a pay Borrower any �nterest or�arnir�gs on such pr�ceeds. F�es for public adjus�ers, or other�h�rd par�ies, re�ained b�Borrower sha�� n��be pa�d out of the�nsurance proceeds and sha11 b�the so�e�bliga��on of B�rrow�r. �f the restora�i�n or repair is nfl�economu�a��y feasible�r Lender's secur�ty vvou�d be�essened, �he�nsurance proce�ds sha��be appl�ed to the sums s�cured by�his Secur�ty Ins�r�m�nt, whe�her or not�hen due, wi�h�he excess, �f any, paid t� Borrower, Such insurance proceeds shal�i�e app�ied�n the order prov�ded for�n Sec��on 2. If Borro�er abandon��.�Praper�y, L�nder may fi�e, negatiate and se�t�e an�a�ai�a�Xe�nsurance claim and r�la�ed matters. If Barrower does no�r�spond within 3�days ta a no�ice from L�nder tha�the insuran�e carrier has offered ta settle a�laim, �hen Lender may nego�ia�e and s�t��e the c1a�m. The 3D-day p�r�od wi�I beg�n when th�not�c�xs��ven. In either e�en�, �r if L,�nd�r acqu�res th�Property under Sec��on��or ��h�rw�se, Borrower hereby assxgns ta Lender�a}Borrower's righ�s to any insurance prace�ds �n an amoun� not�a��c��d�he amoun�s unpaid under the No�e or this 5ecurxty Instrument, and�b} any o�h�r of Borrower's r�ghts �other�han the righ��o an�r refund of unearned premiums paid by Borrower}under a�l insurance poii�ies cover�ng�he Proper�y, insofar as such r�ghts are appl�cable�a the coverag�af the Proper�y. Lender ma�us�the insurance pr�c�eds ei�her to repair or rest�re th�Property or t��ay axnounts unpaid under th�Note or�his Security �ns�rumen�, �vhether or not�hen due. �. �e�u�ancy. Borrawer�ha�� accupy, establ�sh, and use�he Propert�as Borrovver's prin��pa� r�s�dence w�thin��days after the execution flf this Securi�y �nstrumen�and sha��co��inue to occupy�he Proper�y as Borrower's pr�ncipal residence far at Ieast�ne�ear af�er the date of oc�upan�y, unless Lender otherwzse agr�es in writing, wh�ch c�nsen�sha�l na��be unreasonab�y v�ithheid, or un�ess ex�enua�in�circumstances �x�st which are beyond Borrov�er's can�ro�. 7. Preser�at�an, Maintenance and Protection of the Prvperty; �nspect�ons. Borrow�r sha��no�des�roy, damag�or�mpair the Property, a�Iov� �he Praper�y�o deteriorat�or�ommit was�e on�he Proper�y. Whether or not Barrower is resid�ng in the Praper��, B�rrov�rer sha��mainta�n the Property in order�o pre�ent the Property from deteriora�ing ar decreas�ng i��alue due to i�s�ondit�on. Un�ess it is determined pursuant to Sectian 5 that repair or restora�ion�s not ec�nomically feasxb�e, Borro�ver sha��promptiy repair�he Proper�y zf damaged�� avo�d fur�her deterioration or damage. If�nsurance ar condemnatian�raceeds are paid �n conn�c��an w��h damage�o, or the�aking af, the Proper�y, Borrovver sha11 be respons�ble f�r repairing ar r�s�oring�he Froper�y on�y xf Lender has re�eased proceeds for such purposes. Lender ma�disburse pr�cee�s N�BRASKA-5ingle Family-Fannie MaelFreddie Mac UNIFQRM INSTRUMENT �orm 3�28 91�1 VMP� VMPfitNEy{�30�y Wotters Kluwer Financial 5er�ices Page 7 vf 17