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��14�4��1 All �nsurance policies required by Lender and renewals�f such poliG�es sha1�be su�jec�to Lender's right�o d�sappr�ve such polici�s, shal� �nc�ude a standard mor�gage clause, and shali name Lender as m�.�r�gage� andlor as an additiona� �ass pa�ee. Lender shall have th�righ�to hold the polic��s an�renewa�certificates. �f Lender requires, Borraw�r sha�l pr�mptl�gi��to L,�nder ali rece�pts af paid prem�ums and renewa�not�ces. If Borrower obtains an�farm�f�nsurance c��erage, not otherwise required by Lender, f�r damag�to, or d�struction of, �he Property, su�h po�icy shal� �nc�ude a s�andard morrgage clause and shall name Lender as mor�gagee andlor as an addi��ana�Zoss payee. In the event of loss, Borrower sha11 gi�e prompt notice to the insurance carrier and Lender. Lender may make proof�f loss if not made promptly by Barrower. Unless Ltnder and Borrower oth�rwise agree in wrxt�ng, any insurance proceeds, wheth�r ar no��he und�r�ying insuranc�was required hy Lender, shal�be app�ied tfl rest�rat�an or r�pa�r of�he Proper��, if�he restorat�on or repa�r is e�onom�.ca��y feasib�e and I,�nd�r's s��ur��y �s not lessened. Dur�n� such repair and restoration periad, L�nder sha��ha�e the righ�to hold su�h insurance praceeds un�il Lender has had an oppor�un�� inspect su�h Proper�y to ensure th� v�ork has�een eomp�eted to Lender's satisfac�ion, pro�ided tha�such inspe�ti�n shai�be under�aken promp��y. Lender may d�sburse proc�eds for the repairs and res�oration in a sxn�le paym�nt or in a series�f progress payments as�he v�rork�s Gompleted. Un��ss an agreemen��s made�n wr�t�ng or Applica��e Law requ�res interes�to be paid on such insurance proceeds, Lender shali not be requ�red to pay Barrower any int�rest�r earn�ngs on su�h proceeds, Fees for pu��ic ad�us�ers, or o�her th�rd par�i�s, r��ained b�r B�rr�wer sha�� no�be pa�d ou�of the insurance proceeds and shall be the so�e obligat�on of Barrower. �f th�restoration ar repair is no�econamica�ly feasib�e�r Lender's securi�.y w�u�d be�essened, the�nsurance praceeds shal�be appli�d ta�he sums secured by�h�s Securit� Instrument, vvhether or not�hen due, �uith�he��cess, if any, paid�o B�rr�wer. Su�h�nsurance proceeds sha�l�e appl�ed�n the�rder prov�d�d far in 5ec�ion 2. If Borr�wer abandons the Praper��, Lender may �le, negatia�e and set��e any a�ai�abi�insurance c�aim and re�a�ed mat�ers. �f Borrower does not re�pond within 34 days�o a n�tice from I.�nder that the insurar��e �arrier has affered to settle a claim, �h�n L.�nder ma�negot�a�e and set��e�he claim. The 3�-day per�od w�l� begin when the not�ce xs gz�en. In ei�h�r e��n�� or if Lender acqu�res�he Praper��under Section 2�or other�v�se, B�rrov�er hereby ass�gns�a L�nder�a} Barrower's rights ta any insurance proceeds �n an am�unt not��exc�ed�he amounts unpa�d under�he Note�r�h�`s Security Instrument, and �b} any other of Borro�ver's r�gh�s �other than�h�righ��o any refund of unearned premiums paid by Borr�vv�r}under a�� �nsurance pal�c�es cavering the Proper�y, insofar as such rights are appl�cable�o the cov�rage nf the Praper�y. I.�nder may use the insurance proee�ds either�a repair or restore the Proper��o�to pay amounts unpa�d under�he No�e or�his Secur�ty�nstrument, whether flr not then du�. �. �c�upancy. Barr�vv�r shall occupy, es�ab�ish, and use�he Proper�.y as Barrower's princ�pal residence within 6D da�s after�he execution of this Securi�y�nstrument and sha�l cantinue�.o occupy�he Praper�y as Borrower's principal residence for at 1eas�one�ear after the date of�ccupancy, un�ess L�nd�r��herwis� agrees �n wr�ting, v�hich consent sha��na�b�unreasona�l�r w�thheid, �r unl�ss e�tenua��ng circumstances e�ist wh�ch are bey�nd Borrov�er's con�ro�. 7. Preser�atian, 111�a�ntenance and Prvtection vf the Pr�perty; Inspectivns. B�rrower sha�� nat de��roy, damage or impair�he Froper�y, allow the Proper�y�o det�riara�e or comm��v�raste on�he Property. 'L�Vh�ther or no�Borrower is residing in�he Property, Borrower shail maintain the Property �n order to prevent the Prop�r�y from de��riorating�r d�creas�ng in va�ue due�o �ts condit��n. Un�ess it is de�ermined pursuant ta Sect�on S that repair or r�stora�i�n is not econami�a��y feas�h�e, Barrower sha�i prampt�y repa�r�he Proper�� if damaged�o a�o�d fur�h�r deterioration or damage. If insurance or cond�mnatian proceeds are pa�d in connect�on�ith damage�o, �r the tak�ng of, �he Proper��, Borrower sha��be responsi�le for repa�r�ng or r�s�aring �he Proper�y onl�r if Lender has re�eased proceeds for such purposes. L.ender may d�sburse proceeds N�BRASKA-Single Famiiy-�annie MaelFreddie Ma�[JNl��RM INSTRUM�NT Farm 3�28'i1�1 VMP p VMP6{NEy{1302y Walters Kluwer Financia�Ser�ices Page 7 c�#17