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��14�443� AI� insurance policies required by Lender and renewa�s of such policies�hal�be sub�ec� �o Lender's right to d�sappro�ve such poliG�es, shall �nelude a standard mor�gage clause, and shai�name Lender as mor�gagee andlor as an additional �oss payee. Lender sha�� have�he right to haid the polic�es and renewal c��ifica�es. If Lend�r requires, Barra�ver shall pr�mp�Zy gi�e�o Lender all receip�s of paid premiums and renewal notices. If Borrower�b�ains an� farm of insurance coverage, n�t otherwise required b� Lend�r, for damage�o, or destruGtion of, the Pr�per��, such poiicy shall include a s�andard mor�gage ciause and sha�� name Lender as m�r�gage�andlor as an add��nal �oss payee. In�he even�of�oss, Borrawer shal� g�ve pram.pt notice�o the insuranc�carrier an.d L.�nder. Lender may make praof of�oss if not made promp�l��y Borrower. Clnless Lender ar�d Borrower o�herwzs�agree in writing, an�r insuranc�proceeds, whether or not the under�y�ng �nsurance was required by Lender, sha11 l�e applied�o res�ara�ion or r�pa�r of�he Pr�per�y, �f the restara�ion nr repa�r is econ�muica�� f�asible and Lender's secur�ty is n�t lessened. During such repair and restarati�n period, Lender shall ha�e�he r�ght to hold su�h insurance proceeds un�il Lender has had an oppor�un�ty�o �nspect such Prop�r�y�o�nsure th� wark has been completed to Lender's sa�isfact�on, pro�ided that such �nspection sha11 be under�aken �rompt�y. L�nder may dis�urse prflceeds for�he repairs and res�ora�i�n in a single payment or in a series of progress paymen�s as�he v�ork is�ompleted. IJnless an agreement is made in wr�t�ng or App��cab�e La�u r�quir�s interes�to be paid on such insurance proceeds, Lend�r sha��na�be requ�red�o pay Borrow�r any interest ar earnings on such proc�eds. Fees for pu�blic ad�usters, or flther third par��es, retained by B�rrov�r�r sha��nat be paid ou�of the insurance proceeds and shal�be�he sole�bl�gation�f Borrower. �f�h�res��ra�i�n �r repa�r is no�ecflnamicaii� feasible or Lender's secur�ty would be�essened, the insurance proceeds shal�be appiied�o the surns se�ured by this Securi�y�nstrumen�, whether or not then du�, with the exc�ss, �f any, pa�d to Borrower. Such �nsurance pr�ce�ds shall be app�ied in�he arder pro��ded for�n Section�, If Borrower abandons the Proper�y, Lender may �1�, negat�ate and sett�e an� availabie insurance c�aim and re�ated ma��ers. �f Borrower dfles no�respond w��h�n 3�days�a a n�t�ce from Lender that�he�nsurance carr�er has offered ta se��e a claim, then Lender n�ay nego�iate and se�tle the��ai�m.. The 3a-day periad w�l� begin when�he notice is g��en. In ei�her eWen�, or�f Lender acquires the Proper��und�r Sectzon 2�or otherwise, Borro�v�rer h�reby assigns�a Lender�a} Barravcr�r's r�gh�s�o any �nsuran�e proceeds in an amoun� not�o exceed the amounts unpaid under�he Note or this Securi�� nstrument, and�b} an�other af Bvrrower's right� �other than�he r��ht t� any refund of unearned premiums paid by B�rrav�rer}under alI insurance pol��es cav�ring�he Proper�y, insafar as such righ�s are applicable to the co�erage of the Propert�. Lender ma�r use�he�nsurance pr�ceeds either�o repair or res�ore�h� Froperty or to pa�amflunts unpa�d under the Note or�his Security Instru�rnent, whe�her or no�then due. �. �ccupancy. Borrovver shall occup�, establish, and use the Property as Borrower's pr�ncipal res�dence w��hin 6D days af�er the executian�f�h�s Se�ur��y Instrumen�and shai�cont�nue ta oc�upy the Proper��as Borro�rer's principal r�sidence for at�east�ne y�ar af�er the da�e of occupan��, un�ess Lender otherw�se agrees in�ritin�, which consent shall no��e unreasonab�y ►�vithheld, or un�ess extenuating circums�ances �xis�which are beyond B�rrower's�on�rol. 7. Preser�ation, Maintenan�e and Prvtectian of the Praperty: �nspections. Borrawer shall not des�r�y, damage or impair�he Property, allow�he Pr�pert��o deteriarate or�ommi�waste on�he Prop�r�y. �hether or not Borrawer is r�s�ding �n th�Proper�y, Borrower shall ma�ntain the Proper��r in order to pre�en��he Proper�y from de�eriora�ing or decreasing �n value due ta i�s cnnd�tion. Un1�ss it is detern�ned pursuant to Sec��on S �hat repa�r or resto�ation�s not ec�nomically fea��ble, Borrow�r shal�prompt�� repa�r the Proper�y if damaged�o avoid fur�her deterioration nr damage. �f insurance�r�ondem�.nat�on proce�ds are paid �n connec��n wi�h damage�o, or the taking of, �he Pr�per�y, Borrower shal�be respons�ble far repair�ng or res�oring�h�Pr�per�y onl�if L,ender has released praceeds for such purpose�. Lender may disburse prac�eds N�6RASKA-5ingle FarniIy-�ann�e Mael�reddie Mac UNI�aRM iNSTRUM�NT Forrr�302$'�101 VMP� VMPfi�NE3�13�2y Walters Kluwer Financial 5er�ices Page 7 vf 17