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��15��13� A�� insurance p�l�c�es r�qu�red�y L�nd�r and renewals of such po��c�es sha11 be subject to I,ender's r�ght to d�sappro�e su�h pa��c�es, sh.a�� inc�ude a standard mor�gag��Iaus�, and shall name L�nder as mortgagee andlor as a�additxflnai io�s payee. L.ender sha��ha�e the r�gh�to ho�d th�policies and renewal certificates, �f Lender requ�res, Borrower shall pr�mp��g�v�to Lender a11 receipts of paid premiums and renewal no�ices. �f Borrower ob�a�ns a�y f�rm�f i�.surance coverage, na�otherwise requ�re�b�Lend�r, for�amage�o, or destruc��on ofs �he Proper�y, su�h po�z�y shal� �nclude a s�andard mor�gage ciause and sha��name Lender as mor�gage�andlor as an add��ional �oss pa�ree. �n�he��en�of�oss, B�rrower shali giv�prompt nat�ce�o the insurance carr�er and I.ender. Lender may rnak�proaf of Io�s �f no�made promptiy by Borrawer. Unless Lend�r and Borr�wer otherwise a�ree in writing, any insuran�e proceeds, whe�her�r not�h�under�y�ng �nsura.nce was required by Lender, sha1�be app�ied�o restara�ion or repa�r of the Property, if the res�oration or repair is economically feasx�le and Lender's security�s no��ssened. Durin� such repa�r and re�tora��on per�od, Lender sha11 have�he r�gh�to ho�ti such insurance proceeds un�il Lender has had an oppor�uni�y to �nspec�such Property to ensure�he work has been comp�eted to Lend�r's sa��sfac��on, provided tha�su�h�nspection sha��be under�aken promptly. Lender ma�disburse proce�ds for fihe repa�rs and restoratian in a sing�e payment ar�n a series of pr�gress pa�ments as the wvrk is�omp�ete�. Unless an agreenz�nt is made in wrxting ar App��cable Law requires interes��.a�e pa�d on such insurance pr��eeds, L.�nder sha1�not�e requ�red ta pa�Borrower any interes�or earn�ngs on such proc��ds. Fees f�r publ�c adjus��rs, �r other�hird parties, re�ained b�r Barrow�r sha�l not be pa�d out of�he insuranc�praceeds and sha�I be the sale o�l�ga��on of Borrourer. �f the restaration or r�pair is na�econ�micai�� feas�lai�or Lender's secur��r w�uid be lessened, the insurance pr�c�eds sha11�� applie�.to�he sums s�cured�y�h�s Securi��ns�rument, whe�her or no�then due, w�th the�xcess, �f any, paid to Borrower. Such insurance proceeds shall be app��ed in the order provided for�n Section Z. If Borrawer abandons the Proper�y, Lender may fi�e, n.ego��a��and se��le any avai�abl�insuran�e c�aim and rela�ed matters. �f BQrr�wer does not respond�vithin 3�days�o a n�tice from L.ender�hat th�insurance carr�er has offered to s�t�ie a�la�m, fihen Lend�r ma�negot�a�e and se��le�he claim. The 3�-da�period w�� begin when the natice�s g�ven. �n either�ven�, tir�f Lender acquires�he Proper�y under Sect�on 2��r atherw�s�, Borrov�er hereby assigns to L�nder�a} Borrawer's r�gh�s to any insurance praceeds in an amoun� not to exceed�he amoun�s unpaid under�he Note�r this Security�ns�rum�nt, and��} any��her of Borrower's righ�s ��th�r�han the right to any refund of unearned prem�ums paid by Borrower}under aI� �nsurance policies c��erin��he Prop�r�y, insofar as such r�ght� are app��cabxe�a�he co�erage of the Proper�y. Lender rnay use the insurance proceeds�ither ta repa�r or restore�he Property or to pa� am�unts unpaid under the N��or this Secur�ty Znstrument, whe�her or na��hen due. 6. Occupancy. Borrower sha11 accup�, estabiish, and use the Proper��r as Barrov�►ler's princ�pai residence within 60 days after the e�.e�ut�on of this �ecur��y�nstrument and sh�.� continue�o o�cupy�,b.e Praper��as Borrower's princ�pai res�dence for a�Xeas�one year after�he date of o�cupanc�r, unless Lender o�herw�se a�rees in writ�ng, wh�ch consen�sha��no�be unreas�nably w��ahe�d, ar unless ex�er�ua�ing c�rcums�ances �xxs�wh�ch are�eyand�orrov�er's con�rol. 7. Preser�atin�, N�a�ntenance and ProteGtian vf the Property; lnspectivns. Borrawer sha1l n�t des�ra�, damag�or�mpair the Prop�rty, allow�h�Property�o deterxora�e�r commi.t vvas�e an�he Property. Wheth�r or not Borrower�s resxd�ng in th�Prop�rty, Borro�v�r sha��ma�ntain the Proper�y in order�o pre�rent th� Proper�y from d��er�ora�ing or decreas�ng in value due�o i�s condi�ion. Unless�t �s determined pursuan�.to Sec�ion 5 �hat repair ar restorati�n is not economicall�feas�b�e, Barrower sha��prompt�y repair�he Proper�y �f damaged�a a�oid fur�her deterioration or damage. If�nsurance or condemnati�n proceeds ar�pa�d�n c�nnec�ion�i�h damage to, �r the taking of, �he Praper�y, Borro�ver shal� �e responsib�e for repair�ng or restoring �he Proper��r on��r�f Lender has releas�d pro�eeds for such purpases. Lender ma�r d�sburse pr�ceeds NEBRASKA-5ingl�Famiiy-�ar�nie MaelFreddie Mac LJNIF4RM INSTRUM�NT Form 302$�101 VMP[q� VMPfi�NEy='i 3427 Wolters KIUwB�'Firl�nCi��S�rV€G�s Page 7 0#17