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��14�4�SS A11 xnsurance pal�c�es required by L�nder and re�ev�a�s of su�h policie� shal��e sub�ect to Lender's righ��o disappro�e such pol�cies, sha11 �nclud�a standard mor�gage c�ause, and sha�I name Lender as mortgagee a�dl�r as an add��ional loss paye�. I.�nder sha�l ha�e�he righ�to ho�d the po�ici�s and renewal cert�f��ates. �f �.en�er requires, �arrow�r s�a�l prompt�y give�o Lender a�� r�ceip�s o��a�d prerniums a�d rene�val notices. If Borrow�r obtains any form�f insurance co�erage, no��therwise required b� Lender, for damage to, or des�ruct�on�f, �he Froperty, su�h pol�c�sha�I inc�ude a standard mortgage c�ause and sha��nam� Lender as mortgagee andlor as an add�tiona� �ass pa�ee. In the event af inss, Borr�vver sha��give promp�na�ice to�he insurance carri�r and Lender. Lender may make proaf af l�ss if nat made prnmptly by Borrower. Unless Lend�r and Borrower otherwise agre�in vvriting, any insurance proceeds, v�hether or no��he underiying insuran�e was r�quir�d b�Lend�r, shal�be app�ied t�restoration or repair of the Prop�rt�, if the restora��on or repair�s economicaliy feasib�e and Lender's securi�y is not lessened. Dur�n� such repair and res�orat��n period, Lender shai�ha�e�he r�gh�to ho�d su�h�nsurance proceeds un�� Lender has had an opportuni��r to inspect such Proper�y to�nsure the work has been con�.p�e�ed�o Lender's sat�sfa��ion, pro�v�ded that such �nspe�tion shai� be und�rtaken promptly. Lender rnay disburse proceeds for th�repaxrs ar�d res�aratian in a singi�paymen�or�n a series of pragress paymen�s as the wark is comple�ed. IJn�ess an agreement is made�n writing or App��ca�Ie Law requires �nterest�o b�pai�.fln su�h insurance pr�ceeds, Lender shai�not be requ�red�o pay Borrower any xnteres�flr earnings�n suc�praceeds. Fees f�r publi�adjusters, or�ther third par�ie�, retain�d b�r Borrow�r shall no�be paid ou�of�he insuranc�proceeds and sha�I be th�sole ob��gation of Borrower. �f the rest�ra�ion or repa�r is na�econom�caliy feas�ble or Lender's security wou��.be�essened, the insurance proceeds sha1�be applied to�he sums secured by this Securi�� Ins�rumen�, whether or na��hen due, w�th�he��cess, �f any, pa�d�o B�rrower. Suc�insurance prace�ds shai�be appiied in�he order pro�ided for xn Se��ion 2. If Borrower a�andons�he Praperty, Lrender may file, negotiat�and se�tle a�a�a�ai�abl�insurance claim and re�ated matters. �f Borrovver does not respond wi�hin 3�days t� a n�tice from Lender�hat�he insurance �arrier has offered�n se��e a C�a�m, then Lender may nego�iate and sett�e the claim. The 3�-da�period will begi�when the no�ice is g�v�n. I�eithe�even�, or xf Lend�r acquires�he Proper�y under 5ection 22 or otherw�se, Borrawer hereb� ass�gns to Lender�a} Barro�rer's rights to any insurance proceeds �n an amount r�ot�o exceed�he amaunts unpa�d under�h�Note ar this Securi�y �nstrument, and (b} any�ther of Borrower's rights �other than�he right to an�r refund af unearned prem�ums paid by Barrflwer}under aII insurance pa�ic�es covering the Proper�y, insafar as such r�ghts ar�applicab�e ta the coverage of the Praper�y. Lender may use�he insurance proce�ds either�� repair or r�s�ore the Praperty or to pay amounts unpa�d under�he N��e or tih�s Seeur�ty �ns�rumen�, �he�her ar no�then due. �. �ccupancy. Barrovver sha�l oc�upy, establ�sh, and use the Prflp�r�y as Borrower's princ�pa� resid�nc� within GQ days after the e�ecution af this Security Instrumen�and shall continue t�occupy�he Proper�y as Barr�v�rer's pr�ncipal res�dence for at least an�year after�he da��of occupancy, unless L.ender�therwxse agrees in wr�ting, whiCh consen�shal�n��be unreasonabl��vithheld, or un�ess e��enua�ing��rcums�ances �x�st which are�e�ond Borrower's control. 7. Preser�ation, Maintenance and Pr�tectivn of the Praperty: �nspectians. B�rro�v�r sha11 no�des�roy, damage or impair the Property, alln�v�he Prop�r�y to deteriorate or c�mm.�t waste on the Prop�r��. �he�her ar n�t B�rrower is res�ding in�he Propert�, Borrower shal�ma�nta�n the Prop�r�y in ar�er to prevent the Proper�y fr�m d�ter�ora��ng or decreasing in value due to its cond�t�on. Un�ess it is determined pursuan��o Sec�ion 5 �ha�repair or res�ara��n is not e�onornical�� feasible, Borrower shaii pramp��y repair�he Property �f darnaged to a��id further deteriara�ion or damage. �f�nsurance or condemnation proce�ds are pa�d in connection v�ith damage�o, or the taking of, �he Prope�y, B�rr�vver sha��be r�sponsible for repair�ng or restoring�he Pr�perty�nl� �f Lender has released proceeds for such purposes. Lender may d�sburse pr�c�eds N�BRASKA-Single Family-Fannie Mael�reddie Mac UNt�QRM INSTRUM�NT For�-►342$'[1�1 VMP(] VMP��NE��134Zy VIIDEtBrS KIUw��'�in�nCi�l SBrViCES Page 7 of 17