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��14�4�54 A�� insurance pal�cies requir�d by Lender and renev�als of such poiicies sha�� be subjec��o Lender's right to disappro�ve such poli�ies, shail in�lud�a standard mor�gage clause, and shal�name Lender as mor�gagee andlor as an additional loss payee. Lender shail ha�e�he right to hold the pa�ic�es and renewa��er��fica�es. If I.ender requires, Borrower shall prompt�y g�ve t� Lender all receipts of paid pr�m�urns and renewal notices. �f Borrov�er obtains an� form of insurance co�r�rage, n�t o�herwise required �� Lend�r, far damage to, or destruc�ian of, the Proper�y, such policy sha�� include a standard mortgage�lause and sha�� name Lender as mor�gagee andlor as an addit�anal loss payee. �n the e��nt of Iass, Borrawer shall giv�promp�not�ce�o th�insurance�arrier and Lender. Lender may �nake proof of�oss if no�mad�pr�mpt�y�y Borrower. Unless L,ender and Borrower othervw�se a�ree�n writing, any �nsurance proceeds, whether or not the under�y�n� in�urance vvas r�quired by Lender, sha��be appiied�o res�oration or repazr of the Property, if the restora��on or repair is econom�eally feasib�e and Lender's security �s not �essened. Dur�ng su�h repair an.d res�oration period, L.�nder sha11 have�he right to hoid such �nsuran�e pr�c�eds un��l Lender has had an oppflr�unity to inspe�t su�h Proper�y�o ensure the war�has been c�mp��ted�o Lend�r's sa�isfaction, prov�ded��.a�such inspection shall b�under�aken promptly. Lender may disburse praceeds for�he repairs and r�stora�ion in a single paymen�or in a series�f progress payments as �he vvo�rk is compieted. Un1�ss an agreem�n� �s made in wr��ing or Appiicable La�u requires �nteres�to�e paid�n such insurance proc�eds, Lender shal�not�e required��pa� Barrower any �n�erest or earn�ngs�n such proce�ds. Fees far public ad�usters, or other th�rd parties, retained�y Borro�rer shal� no�be paid out nf the insurance praceeds and sha��e the sole�b�iga��n of Borrov�er. If the restoration ar repair�s nat economically feasib�e or Lender's se�urity wauld be�e�sened, the insurar�ce proceeds shall be app�ied�o the sums secured by�h�s Se�urity �nstrum�nt, whether or n��hen due, v�r��h�he excess, if an�, paid ta Borrow�r. Such insurance proc�eds shall be app��ed�n the nrder provided for in Section 2. �f Borrower abandons the Pr�per�y, Lender may �Ie, nego��ate and sett��any ava�Iab�e insurance claim and rela��d matters, If Barr�wer does nat resp�nd w�thin 3Q days ta a no�ice from Lender that�he insurance carrier has�ffered to se�tle a claim, then Lender may ne�ot�ate and se�tle the cla�m. The 3�-day per�od w�� begin when fhe notice �s g�ven. In either e�ent, or if L..ender acquires�he Pr�perty under Sect�nn 22 or o�herwise, Borrovver here�y assigns to L�nder�a} Barrower's rights ta any xnsurance proceeds in an a�rnoun� not�fl exceed the amaunts unpaid under�he Note or�his Securi�y�ns�rumen�, an� ��} any other of Borrower's rights �other than the right�� any refund af unearned premiums paid by Borrawer}under a�� insurance po�ic�es�o�er�ng�he Praper��, insofar as sr�ch r�ghts are applicable t� the c�verage of the Proper�y. I�nder may use�he insurance�roceeds eith�r to repair or restore the Property or�o pay amounts unpaid under the No�e or this Securi�y �nstruxnen�, v�rhether or n�t then due. 6. �ccupan�y. B�rrower shal�occupy, establish, and us��he Property as Borrower's princ�pal residence within 60 da�s after�he exe�ution of this Security Instrum.en�and sha��ontinue to�ccup�the Propert� as Borrower's prin�ipal res�dence for at least one�ear af�er the date of occupan�y, unless L.ender o�her�vise agrees in wri��ng, which cansent shal�not be unreasonab��wxthheld, ar unless extenuat�ng circums�ances exist which are b�yond Borro�ver's cantrol. 7. Preser�ation, Maintenance and P�ot�ction vf the Property: �nspect�ons. Borrawer sha�l n�t des�ray, damage or impa�r�he Property, allaw the Prop�r�y�o det�riora�e or c�mmi� u�as�e on�he Proper�y. '�hether or not B�rr�w�r is residing in the Propert�, Barrow�r shai� maintain�he Proper�y in order to pre�en��he Proper�y f�-�m deteriora��ng or deGreasxng in vaiue due to its condi�ian. Unless it�s de�ermined pursuat�.t to Sectian 5 �hat repair ar rest�ra��on is no�economica�iy feas�ble, Borrov�er shali promp�ly repair the Proper�y if damaged�o avo�d further deteriora�i�n�r damage. �f insurance or condemna�ion proceeds are paid in ��nnection wi�h damage�o, or the tak�ng of, the Propert�, Borraw�r sha�i be respons�ble for repa�ring or res�oring the Propert�oniy if Lender has re�eased proce�ds for such purposes. Lender ma� disburse proceeds N£BRASKA-Single�arnity-Fan�ie MaelFreddie Mac UNIF�RM INSTREJM�NT Form 3�28�101 VMP� VMPfi{N��[13�2� Wolters Kluwer�ir�ar�c�ai 5er�ices Page 7 vf 17