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��14�531� All insurance pfllicies required b� Lender and renewa�s of such policies sha��be sub�ec�ta Lender's r�gh��o di�approve such policies, shal� �nclude a standard mar�gage ciause, and shall name Lender as mor�ga�ee andlor as an additional lass pa}�ee. Lender shall ha��th�right t�hoid the polie�es and renewal certificates. �f Lender requ�res, Borrower sha��promptly g��e to Lender aI� receipts af paid prem�ums and renevva� no�ices. �f B�rrower obtains any form�f�nsurance cov�rage, not otherv�ise required b� Lender, far damage fo, or d�struct�on of, the Pr�perty, such pol�cy shall include a standard mor�gage clause and shal� name Lender as mor�gagee andlar as an addi�ional loss payee. In the ev�n�of�ass, Borrow�r shall g��r�promp��o�ice to the�nsurance�arrier and Lender. Lender may make proof of�oss �f no�made prompt��b� B�rrow�r. Unless Lender and Borrower other��se agree in vvr��ing, an� insuranc�proceeds, whether or not the underlying insurance v�as requ�red by Lender, shall be applied�o restorat�on or repa�r of the Property, �f the rest�ratifln�r repa�r�s economica��feasibie and Lender's secur�ty �s no�Iessened. During such r�pair and res�ora�ion per�od, L�nder shal�have the right�a ho�d such insurance pr��eeds un�il L.ender has had an oppor�unity to insp�c�such Proper�y to ensure�he work has been camp�eted to Lender'� sa�isfact��n, pro�id�d tha� such insp�c�ion shall be under�aken prompt�y. Lender m.ay d�sburse pro�eeds for the repairs and restora�ion in a s�ngle pa�ment or in a s�ries of progress paymen�s as the work is �omp�eted. Unless an agreement is made in v�riting or Appiica�l� La�v requ�res interes�ta be paid on such insurance praceeds, Lender shal� not be required to pay Borrflwer any �n�er�s�ar earnings�n such proceeds. Fees for publ�c adjusters, or other th�rd par�ies, re�ained by Borrower shall n�t be paid ou�af the�nsurance proceeds and shall he the sole�biigat�on of Borrower. �f�he restoration or repa�r is no�ec�nom�ca��feas�b�e or Lender's s�curity wou�d be�essened, the insurance praceeds shall be applied to the sums secur�d�by this Security �nstrument, v�hether or not then due, w��h��.e exc�ss, �f any, paid�o Borrower. Such�nsurance pro�eeds shall be applzed in the order prflv�ded for�n Se��ion 2. If Borrawer aband�ns the Proper�y, Lender may file, n��otia�e and settle an� a�ai�ab�e�nsurance claim and rela�ed nZatters. If Borr�vver does no�r�spond v�rzthin 3�da�s�a a not�ce from Lender that the�nsurance �arrier has offered to settle a claim, �hen Lender may n�gotiate and set��e th�claim. The 3D-day per�od w�ll begin when the no�ice is given. �n either event, or if Le�.der acqu�res�he Praper�y under Sect�on 22 or o�herv�ise, Borrov�er hereby assigns��Lender�a} Borrower's rzgh�s tn any �nsurance proce�ds in an amount nat�o�xc�ed the amounts unpaid under the Note or�h�s�ecuri�y �ns�rument, and�b} any�ther of Borrower's rzghts ��t�er than�he r�gh�to any refund of uneaz�r�ed premium�s paid�y Borrower}under al� insurance pol�cies cavering�he Praperty, �nsofar as such rights are applicable�a�he co�rerage of�he Proper�y. Lender may use the insurance proceeds ei�her to repair or r�store the Pro�er�y ar�o pa� am�unts unpaid under�he Note or this Secur�ty Ins�rument, w�e�her or not then due. �. C]ccupancy. Borrovv�r sha�� occup�, es�a�iish, and use the Proper�y as Barrower`s pr�ncipal r�sidence within�D days after the�xecut�on�f�his Secur�� ns�rument and sha��continue to a�cup�r the Property as Barrawer's princ�pa� res�denc�for a�leas�nne year after�he date of occupanc�, uniess Lender otherwise agrees in wri�ing, which consen�sha��not�be u�reasonably v�ithheld, or unless ex�enuating circumstances exist which are bey�nd Borrower's contro�. 7. Preserrration, Nlaintenance and Pratect�vn �f the Property; �nspections. Borrower shall no�d�stroy, damage ar�mpair�he Proper�y, al�our the Proper�y�o de�eriarate or commit vvas�e on�he Proper��. Whe�her or no� Borravver is residing in�he Praper��, B�rrawer sha�I main�ain the Proper�y in arder�o pre�ent the Prop�rty from de��r�arat�ng or decreas�ng �n�alue due�o �ts condi�ion. Unless it xs determined pursuant�o Sectian 5 that repair ar res�orat�an�s n�t econ�m��ail� feasible, Borrower shall promp��y repair�he Proper�y �f da�maged ta avoid fur�her de��riora�inn or damage. �f insurance or condemna��n proceeds are paid in connect�an wi�h damage�.o, or�he taking�f, the Property, Barrow�r shall be responsihle for repair�ng or restor�ng�he Proper��oniy �f Lender has released proceeds for such purposes. I�ender may��sburse pro�e�ds NEBRASKA-5ingle Farr�ily-Fannie MaelFred�ie Mac UNIF�RM INSTRUMENT Fvrm 3�28 1101 VMP� VMP6{N�)t1302) Woiters l4tuwer�inancial Ser�ices Page 7 af 17