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��14��3 All insurance po��ci�s r�quired by Lender and renewa�s of such policies sha��be su�b�ect ta Lender's r�gh�to disappr��re such pn��cies, shall includ�a��andard naor�gage clause, and sha�� name Lender as mor�gagee andlor as an add�t��nal loss payee. Lender sha��have�he right to hQ�d the po��c�es and renewal�er��f�ca�es. If Lender re�uires, Barrov�er sha�� pramptl�gi�e�o L.end�r a�� recexpts of paid premiums and renewa�nat�ces. If B�rrawer o�tains any form of�nsurance co�erage, not o�herw�se required by Lender, for damage to, or des�ruc�ion of, the Proper�y, such pol�cy sha11 in�lude a s�andard mor�gage c�ause and shal� name Lender as mar�gagee andlor as an addi�ional loss payee. In the event of�oss, Borro�rer shal�gi�e prompt no��ce�o th�insurance carr�er and Lender. Lender may make pro�f of Ioss if not made prompt�y by Borr�wer. Un�ess Lender and Borrower otherwise agree in wr�ting, any �nsuran�e proceeds, wheth�r or na�the underlying �nsuranc�was requ�red hy Lender, shall be appiied to restorati�n�r repair of the Proper�y, if�he restora�ion or repair is e�on�mically feas�b�e and Lender's se�ur�ty zs no��essened. During such repa�r and restarati�n period, Lender sha11 ha�e the r�ght�a hold such insurance proceeds un�x� I.aender has had an oppor�unity to inspect such Property�o ensure the work has been campleted to L�nder's sa�isfac�ion, pra�ided�hat such in�peG�ion sha��be undertaken promp�l�. Lender ma�dis�urse praceeds f�r�he repairs and restoration in a sing�e payme�t or�n a series flf progress pa�ments as the work�s comple�ed. Unless an agreement�s made �n wr�t�n�or App��cab�e Law requ�r�s in�erest�o be pa�d on such�nsurance proc�eds, I.�nder shall not be r�quired to pay Barrower an� in�er�st or earnings �n su�h proceeds, F�es for pub�ic ad�us�ers, ar o�her�hird par��es, re�ain�d by Borrower shall n��be paid out of the insurance proceeds and shail be the sole obiigation of Borrov�er. �f the r�stora��on or repair xs no��conom.�ca��r feas�hle or Lender's s��ur�tiy w�u�d be lessen�d, �he insuran�e proceeds shall be app��ed�o the sums secured by�his�ecuri�y Instrumen�, wh�ther or no��en due, w�th the excess, if any, paid to B�rr�v��r, Such insurance proceeds shall be applied �n�he�rder pro�ided for in Secti�n�. If Borrov�rer abandons�he Proper�y, L.�nder may fz��, negotzate and se��le any avai�abie insurance c�a�m and re�ated ma�t�rs. If Borrower does na�r�spond within 3�days�o a no�ice fram I.�ender�ha��he insurance carrier has offered t� se�t�e a c�aim, then Lender ma�nego��a�e and se��le�he c�aim. The 3�-day period v�� begin when the not�ce is ��ven. �n either e�en�, or�f Lender acquires�he Prop�r�}�under Se��ian Z2 or �therw�se, �orrov�er hereby assigns��Lender�a� Bflrrov�rer's rig�ts to ar�y �nsurance proc�eds in an am.oun� nflt�o exceed the amounts unpaid under the No�e or�his Securit�r�nstrumen�, and ��} any��her of Borrower's rights ��her than�he righ��o any refund�f unearn�d premiums paid by Barr�wer� under a11 insurance p��ic�es c��ering the Property, znsofar as such rights are app��ca��e�� the coverage of�he Proper�y. Lender may use the insuranc�proceeds e��her to repa�r�r res�ore�he Prop�r�y or t�pay amounts unpaid under the Note or th�s Securit� Instrumen�, whe�her ar not�h�n due. 6. �ecupancy. Borrov�er shall occup�, estab��sh, and use the Proper�y as Borrower's principa� residence w��h�n 6�days af�er the�x�cutzan flf�his Securit�r �ns�rument and shal�c�ntinue t�occupy the Pr�per�y a� Borrovwer's principal residenc�for at I�as�one�ear af�er�he date of accupanc�, un�ess I.ender a�herwise agrees �n wr�t�ng, which consen�shall no�be unreas�nab�y withheid, or un�ess e��enuating cir�ums�ances e��st v�h�ch are beyand Borrov�er's con�rol. 7. Preserrratian. Maintenance and Pratectian ❑f the Prvperty: �nspecti�ns. Borrovver shall no�des�roy, damage or irnpair�he Property, allov��he Property �a deteri�rate�r c�mmit wast�an the Proper�y. �TVhether or not Borrower�s residing in the Property, Borrower sha��m.a�ntain t�.e Proper�y in order to pre�ent the Pr�per�y from deteriorat�ng or decreasing in value due�o its condi�ion. Unless i�is deterrr�.ned pursuant to Secti�n 5 �hat repair or res�oration�s n�t�conomically feas�bl�, Barrow�r sha��pramptly repair the Proper�y �f damaged to a�o�d further deter�orat�on�r damage. �f insurance or c�ndemna�ion proceeds are paid in c�nn�c�ian wi�h dama�e tio, or the taking af, the Proper�y, Borrtiwer sha��be r�spons�ble f�r repair�ng or r�s�oring the Proper��only if Lender has re�eased proc�eds for su�h purp�ses. Le�der�rnay disburse pro�eeds NEBRASKA-5ingie Family-�annie MaelFr�ddie Ma�UN��QRM tNSTRUMENT �vrm 3D28 110y VMP� VMP6tN�3 Z13Q�} Walters Kluwer Financial Ser�ices Page 7 of�7