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��15�1�4� All �nsurance pol�cxes required by I.�nder and renewa�s of such pol�c�es sha11�e su�ject�o Lender's righ�to disapprove such po�icies, shal� includ�a standard mor�gage ciaus�, and sha11 name Lender as mortgagee andlor as an addi�ional Ioss pay�e. Lender shail have�he righ��o h�1d the po��cies and renewai cer��f�cates. �f L.ender r�quir�s, Borrower sha�i promp�ly give to Le�.der a�� receip�s of paid premiu�ms and rene�ra� notices. �f B�rraw�r�btains any form of�nsurance coverage, nat otherwise requ�red�y Lender, for damage to, ar des�ruc�ion of, �he Praperty, such p��icy sha�� includ�a standard mortgage c�ause a.nd sha11 name Lend�r as mar�gagee andlar as an add�t�onal Inss payee. �n�he e�ent of loss, Borrower shali gi�re prnmpt noti�e ta the insurance carri�r arid Lender. L�nder ma� make proof of�oss �f no�made promptly by Borrawer, UniesS Lender and�orra�ve�a�h.erwise agree�n wri�ing, an�insurance proceeds, whether or no�the underly�ng�nsurance was required b��..,ender, sha��be applied t�re��ora�ian or r�pair of�he Proper�y, �f th�res�ora�ian ar repair xs econ�m.�cal�y feasible and L�nder's security is na�1ess�ned. During such repa�r and res�oration periad, L.�nder shall have�he r�ght�o hold such insurance proceeds un�il Lender has had an�ppor�un�ty�a �nspec�such Property�o ensure the work has been comple�ed�o Lender's satisfac�ion, prow�ded�hat such insp�c�ian shall be und�r�a.�en prflmpt��. L.ender may d�sburse proceeds for the repairs and res�orat�on�n a sing�e pa�men�or in a series af progress payments as�he work�s comp�e�ed. Unless an agreemen��s made in writing or Appl�cabxe Law requires interest�o be pa�d on such insurance proGeeds, Lender sha11 no�be r�quired to pay Borr�wer any interest or earnings on such proc�eds. Fe�s for pub��c ad�usters, or a�her�hird par�iesy reta�ned by Borrawer shall not�e paid ou�of�h��nsurance proc�eds and sha��be the so�e obliga�ion vf Borrovver. If�he restarat�on �r re�a�r�s not ecanomical��r feasib��or Lender's s�curity w�uid be�essened, the insurance proceeds sha��e applied�o�h�sums secured by�his S�curi�y �nstrumen�, v�rh�ther or not�hen due, with the exc�ss, �f an�r, pard to Borrawer. Such xnsura�c�proceeds shal�be app�ied in�he order prov�ded f�r in Sec�ion 2. �f Barr�wer abandons the Prvper�y, Lend�r may��e, negotiate a�.d set�le any a�ai�ah�e�nsurance c�a�m and related matter�. �f Borro�ver does no�respond within 3�da�rs ta a notice from Le:nder that th��nsurance carrier has offered to settle a claim, then Lender may nego��a�e and settle�he claim. The 3��da�r per�od wii� begin ulhen�he not�ce�s g��ren. In ei�her e�ent, �r�f Lender acquir�s�he Proper�y under Sectian 22�r otherwise, Borrower hereby ass�gns�o Lender�a} Barrow�r's right��fl any insurance proceeds in an a7m�un� no�to e�ceed�he amounts unpa�d under�.he Na�e or�his Secur��y Ins�rum�nt, and�b}any o�her of Barr�wer's r�gh�s�other�han the r�ght ta any refund�f unearned premiums paid by Bvrrower}under a�l insuran�e poiicies cover�ng the Proper�y, insofar as su�h rights are app�icable�o the��rerage of the Praper�y. Lender may use the insurance proceeds e�ther ta repair or res�ore the Pr�pert��r to pa�arn�unts unpaid under t�.e No�e or this Secur�� nstrument, whether�r not�h�n due. 6. �ccupancy. Borrower shal.l occup�, esta�l��h, and use the Proper�y as Borrflwer's pr�ncipal residence wi�hin 64 days after�h�execu��on of this Securi�y�nstrument and shal� continue to accup�the Proper�y as Borrower's principal res�d�nc�for at leas�on�year after the date of oc�upancy, ux�less L�nder oth�rv�ise agrees �n wr�t�ng, �vhich c�nsent shall no�be unreasonably withheld, vr unless extenuat�ng c�rcumstances e��st wh�ch are be�ond Barr�v�er's con�ral. 7. Preserrratian, Maintenance and Protect�nn af the Praperty; �nspe�ti�ns. Borr�vver�hall not destray, damage or impair the Proper�y, ai�aw the Property�a deteriora�e�r commi�was�e an the Proper�y. Whether or not Borrovver is res�ding in�he Proper�y, Borrav�er sha�� main�a�n�he Praper�y �n arder�o prevent�he Proper��fram deteriora�ing�r decreas�ng �n value due�fl ��s�onditi�n. tJnless ��is d��ermaned pursuant to Section 5 �ha�.repa�r ar rest�ra�ion i�not economica�ly feas�hle, Barr�w�r sha�1 promp�l�repa�r the Proper�y if damaged�a a�oid further de�erioration or damage. If insurance or�ondemna�ifln procee�s are pa�d in �onnect�on v�ith damage�o, vr�he taking of, �h�Prflpert�, Borrower shall be responsible far repa�r�ng�r restoring�he Proper�y an�y if Lender has reieased proc�eds for such purp�ses. L.ender may disburse proceeds NEBRASKA-Singte Family-Fanr�ie MaelFceddie Mac UNIFDRM iNSTRUM�NT Fvrm 3��8 110i VMP[] VMP6tNE}{�3�2} Walters Kluwer�ir�ancial Ser�ices Page 7 of i 7