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��14�37�3 All insurance po�.zcies�equired by Lender ancl r�n�wa�s of such pal.i.c�es shall be sub�ect to Lender'�r�.ght tv disapprove su�h�oli�es, sha�1 ir�c�.ude a�tand.ax�martgage clause, and sha�l.name Le�.der as max�gagee ar�dlor as an add.zt�ona��oss payee. I��nder shall have the right to ho�d the polic�:es and�-eneural cert��.ca�es. If Le�.der requ�.res, Borrower s�ia1�prampt�y g�ve ta Lender a1�receipts af pai.d prern�ums and r�neura�na�ces. If Barrov�er obta�ns any f�r.rn of in.surance eov�rage, not otherwise required by Lencler, for damage t�, ar destruct�on of, the Pro�er�y, such po�icy sha.��n.c�.ude a s�andard mor�gage cl:ause and sha11 r�anle L�nder as martgagee andl or as a�addit�anal Io s s p aye�. In the ever�t of Ivss, Borro�ver shal.�give prompt r�ot�ee tv the insuxan�e carrxer arid Lender. Lender may r�ake proof of Xoss if not made pramptly by Borrower. Unless Lender and B�rrv�v�r otherw�:se agree in: wr�ting;, a.ri�r ix�surance proceeds, v�rh�ther or not�he underlying�nsurance vtra�s r�qu�-ed b�Lender, s�.a.�l�be appl.xed.�o restarat�on ar r�pa�.r of the l�ra�ex-�y, if�he restorat�on or repair�s ecor�om�cally f�asib�e ancl I..end.erF s secur�ty�s not�.essened. During suc�repa�r a��res�orati��per�od, Ler�der shall hav��he right to hald suc�insurance proceeds unti�L�n.der has had an opportr�nity to in�pect such Pr�per�y t�e�:su�-e th.e � work has been comple�ed to Lender's satisfactzon, provided that such�ns��cti.�x�sh�l�e u�de�aken pramptly. Lender may disburse proceeds for th�repairs and restorat�an in a sir�.g�e pa..ym�t or�n a ser�es af progress payments as th��uor�is campl��d, Unless a�agreemer�t is mad�ix��t�ng�r App�icab�e Lavv requ�res�n�erest to be pazd on�uch insuran�e pr�ceeds, Lender shall not be required�v pay Barrower any �nterest or earnings an such praceeds. F ees far pub�ic ac�j usters, �r other thi�-d part�es, retained by Borrower shall no��e paxd flut of the insurance�pr�ceeds�d shall be�ie sa�e ob�.�.gati�n of Bor�r�wer. If the restoratio� �x rep�r is not e�oriam�cally feasx�l�or Lenc�er°s�ecurity v�ould be Iesser��d, the insuran�e proceeds sha�.�.be app�.xe�.ta the�un�s securec�by�his Securit�r�.s�uan�nt, w}�e-�1zer. or rnot then due, wi��the e�cess� if aany, �ai��o�3orrov�er. �uch.�nsurance proceeds s�.�.I�be appl��d.�a.the ord.er provxd.ed.fo�i�Sec��n�. If Borrower a�andons the Property, Lender may�.�.e, neg�t�ate aszc�set��e any ava�.�a1��e�nsurax�.ce c�aim anc� relat�d matters. If Barrower d�es r�ot respond wi�3�days to a not�ce from Ler�d�r that the insurance carri.er has affered to sctt�e a e�a.im., �hen Lender may�x�gotiate and set�l.e the claim. The 3�--d.ay per�od vvi.11 b�gin when�he not�ce is g��ren. I-�.e�.�her event, �r xf Lend�r acqu�res�he Prvperty urt.der Sectian 22 or o�herwise, Borrower hereby assi�n.s to Lender�a�Bo�rower'�r�ghts�o any insurance proce�ds ix�.an amaun� nQt ta exceed�h�am�u�ts unpaid under�he Nate or th�s Securxt�r Instrumen�, and(b)any other of I3orrower's r�glzts�fl�her than the r�ght to any refund of unearned.pre�um.s pai�d�by Borr�wer}Under all insurar�ce po�.�.ci�s covering�he Propert�r, insafar as suc1�rights are appl�cab�e��t:�e coveYage of�.he Property. �e�der may use the i-�.suara�.ce proceed�s ezt�.e�ta repa�r�r restore t�ie Prop�rty�r t�pa�arr�ou�� unpa�c��der�i�IV ate or�his Secur��r Ir�s�run�ent, wh��ier ar�ot th�r�du�. fi. �C�u�ar��y. I3arrower sha1�accupy, estab��sh, anc�u.s��.e Proper�y as�orr�wer°s pr�cipa�.res�dence vvithin 60 c�ays after the executior�of this Sec�ity Ins�rurnent and shall continue�v�ccupy the]Praperty aas Borrower's princ�pal res�d�nce for a�l.east one year afte�-the date of occupancy, unle��L.erider othex-vv�se agrees�n writing, which c�n�en�shal.�.n�t be u�reas�nab].y vcr�thheld, or un�ess extenuat�ng circumstanc�s exist which ar�beyond Borrawer's contro�.. 7. Preservati�n, 1VI ain�enance and Prvtect�an af the Pro��r��1; l�s�ect�on�. Borrow�r sha1l no�destray, damage or im�air the Pro�erty, a�.l.��v the Pr�perty ta tleter�iorate or commit�raste on the Pro�erty. Wh�ther or xx�t�3�rra�er��es�d�g in�he Proper�r, Box-�-ower sha11 mai�itain the Prope�ty�x�order ta prev��t the Pra�ert��from deteri�ra��g�r decreasi.�g�.xl va:��.�du��o it�cond%ti.a�. U�esS it�s de��une�p�r�uax�t�� Sect�on 5 that repa�r or resto�at�an�s not econ��cal�v feas�bl�, Borr�wer sha1�.�ro��tl�r repai-��.ie Proper�y �f damaged to ava�d�i:xrther de�eriora��on or d.amage. If insurar�ce ox Gornc�emnatio��raceeds a�-e�a.�d ir� connect�on w�th damage�o, ar�.he ta.kir�g af, the Property, Borrower shall be respo�.s�.b�.e far repair�:r�g�r r�stor�g�he Property only�f Lender has re�eased prflceeds for�uch purpos�s. Lender may disburse proceeds z�ao6�� NEBF2A5KA-Sir�gie Family-Fa�nie M aelFr�ddie M ac�N1F�RM IN5TRLIM ENT Fvrm 3a28�101 VNfP Q VMP6�NE}�i3OZ} W alters Kluw er Finar�cial Se�vices Page�of�7