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��14�� Ali insuranc�pfllic�es require�.by I.�nder and renewals�f such�o�icies sha11 be subjec�to Lender's rxght to disappro��su�h po��c�es, sha11 inc�ude a standard n�ortgage��ause, and sha�l name L,�nder as mor��agee andl�r as an addi�xona� �oss payee. Lender sha11 have�he righ�to hold the polic�es and r�ne�val cer�if�cates. �f Lender requ�res, Borrower sha��prornpt�y gi�e t� Lender all receipts of pa�d pre�rn�ums and renewa�nati�es. �f Borravrer ob�a�ns any form of�nsurance ca�erage, nat o�herwzse required b�Lender, for damage�o, �r destruc�ion of, �he Proper��, such po��y sha11 inc�ude a s�andard mortgage�lause and sha��name Lender as mor�gagee andlor as an add�t��na� loss paye�. �n the e��nt of 1a�s, Borr�wer shal.�g�ve pr�mp�no��ce to�he�nsuran�e carrier and Lender. Lender may make proof of�oss if no�made promp�I�b�r Borrov�er. Unless Lender and B�rrower otherw�se agree in writing, any insurance proceeds, �vhe�h�r or no��he underlying insurance�ras requ�red��r Lend�r, sha��be appli�d to res�oration or repair�f�h�Pr�per�y, if�he r�s�ora��an or repair is econom.�ca��r feasib�e and Lender's secur�ty is n�t�ess�ned. Dur�ng such repair and r�staratzfln period, Lend�r shall have�he righf�o ho�d such insuranc�proceeds un�zl �end��has�had an oppor�unity�o inspec�such Property�o-��sure�he � '_' � . �� - • work has been camp�et�d to L.ender's satisfac�ion, provided�hat such inspec��vn sha��be under�aken promptly. Lender m.ay disburse proceeds far the repa�r� and restnrati�n�n a sing�e payment�r in a ser�es of pragress pa�men�s as the work is completed. Unless an agr��ment is made in wri�.ing or Applicab�e Law requires�n�erest to�e paid on such insurance proce�ds, Lend�r shall not be required�o pay Borrower any in�erest or earning�on such proce�ds. F�� for pub�ic adjus�ers, �r other�h�rd par�ies, retained by Barrov�er shali na��e paid�ut of the�nsuran�e proceeds and sha11 b�the so�e ol�ligation�f�nrrower. �f�he restorat�on or r�pair�s n�t economica�I� feasible or Lender's secur�ty would be�essened, the insurance praceeds sha�l be appl�ed to�h�sums secured by this Securi��r I�.s�ru.men�, whe�her or nfl��hen due, w��h the excess, if any, paid�o Borrawer. Such insurance praceeds shall be appiied �n�he order provided for in Se��ion�. �f Borrow�r abandans the Pr�per�y, Lender ma�fi��, negotia�e and settXe any ava�lab�e in�urance c�aim and re�a�ed matters. If B�rrflwer daes no�respand v�r��hin 30 days ta a notice from Lender��aat the insu�ance carrier has offered�a settle a c�aim, then Lender may negat�a�e an� set��e the cla�m. The 30-day p�ri�d wi�� b�g�n vv�en�he natic�is�iven. �n either e�ent, or if L.�nder acquir�s th�Property under SeGt�on�2 or o�hervvis�, �3��°��vver hereby ass�gns�o Lender�a}B�rrower's rights�o any��r�nc�proceeds in an amount not�o exce�d the amoun�s u�paid under�he No�e or�his Security Ins�rumen�, and �b} any o�her of Borrow�r's r�ghts �o�h�r�han the r�ght ta any refund of u�earned premium�paid by�orrower}under aIi �nsurance palicies�ov�r�ng�h�Praper�y, �nsofar as such righ�s are appl�cab�e to th�c�v�rage af�he Proper�y. Lender may use�he insurance proceeds either ta r�pair or restore the Praperty�r to pa�amoun�s unpaid under the Note or this S��urity Instrllmen�, whe�her or na��hen due. �, Dccupancy. Borrovwer shal�occupy, establis�, and use�he Proper�y as Borrower's principa� resid�nce . wi�hin 64 da�s after the e�.ecution of this Securi�y�ns�rument and sha�l cont�nue to occup�the Proper�y as - � Barr�wer's pr�ncipai residenc�for at�east on�year after the date�f oc�upancy, unless Lender oth�rwise agrees in wr��ing, which consen��ha�l not be unreasona��y wi�lahe�d, or un�ess ex�enuating�ircumstances exist which are beyond Borrower's control. 7. Preservati�n, Ma�ntenan�e and Pratect�on af the Property; tnspecti�ns. B�rraw�r shali no�destr�y, damage or�mpa�r the Praper�y, a�lo�the Praper�y to deteriora�e or commit waste on the Proper��. Whether �r not Borrower�s r�s�ding in the Property, Borrower sha�� maintain the Proper�y in order to pre�en��he Praper�y from de�eriara��ng�r decreas�ng in va�ue due�o ��s c�nd��on. Unless �t is d�termin�d pursuan�ta Se��ion 5 that repair or r�s�ora�ion is noti ecflnomical�y feas�ble, Borrower shai�promp�ly repair�h�Propert� �f darnaged to avo�d further deteriora�ion or damag�. �f�nsuranc��r condemnatxan prace�ds are pa�d in cannection v�rith damage�a, ar the taking of, th�Property, B�rrav�er shai�be respons�b�e for repair�ng or restoring the Proper��on1� if L.�nder has rei�ase�proceeds for such purposes. Lender may d�sburs�proceeds N�6RASKA-Sir�gie�at�►ify-Fannie Mael�reddie M��UNIFQRM iNSTRUMENT Form 30�8 1t�1 VMP Q VMP6fNE}�#3Q21 Walter�Kluwer Financial 5er�ices Page 7 v€7 7