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��15�1�77 A11 insurance pol�cies requx�red by Lender and renewals of such po��c�es sha�l b�su��ect t� Lender's right to disappro�e such p��i�xes, sha�� include a s�andard mor�gage�lause, and shall nam�Lender as mor�gagee andlor as an add�tional ��ss pa�ee. L,�:nder shall have the r�ght to hold�he pa�ic��s and renewai certificat�s. If Lender requ�res, Borro��r shall promptly give�o Lender all receip�s of paid pr�miums and renewal notices. Zf BorrovWer abtains any form of insurance�o�erage, na�ath�rwise required b� Lender, for damag��o, �r destructio�.af, the Proper�y, such palicy sha�i include a standard mortgage clause and shall name Lender as mor�gagee andl�r as an add�tzona� �oss payee. �n�he event Qf�oss, Borrower shall gi�re prompt no��ce�o��insurance carr�er and Lender. Lender may make proof of�oss if not made prompt�y by Borrower. Unl�ss Lender and Borro�r�r�therwise a�ree�n wri�ing, any insurance pr�ceeds, whether or not�he under�ying insuran�e wa�requir�d by Lend�rs sha�i be app�ied to res�orati�n or repa�r of the Proper��, if the restorat�an or repair is ecanomicaily feasible and Lender's se�ur�ty �s not�essened. During such repa�r and restora�ion periad, L.ender shall have�he r�gh�to ho�d such znsurance proceeds Unti1 Lender has had an oppor�unity�o inspec�such Property to ensur��he vvork has�een compieted to Lender's satisfaction, provided that such inspec�ion sha��be undertaken pramp�iy. Lender ma�disburs�prnceeds for th�repairs and r�staratian�n a single pa�m�n�or in a series of pr�gress payments as�he w�rk is comp�eted. Uniess an agreemen�is made in vvr�t�ng or AppliCabie Law r�quires interest to be pa�d on such insurance proc�eds, Lender sha�i not be r�quired��pay B�rrower any interes�or earnings�n such prflce�ds. Fees for pu��ic adjusters, or other�hird par�ies, reta�ned by Borro�er shall not be paid aut of the insurance pr�ceeds and sha�� be the sole obl�ga�ion of Borrower. If the res�flrat�on or repa�r is not ec�nonzically feasib�e ar Lender's securi��v�rould be�es�ene�., the�nsurance proceeds sha�l be ap��ed to�he sums secured�y this Security �nstrumen�, wh��h�r or not then due, w��h the e�.cess, if any, paid�a Borrower. Such insurance proceeds shall be appl�ed in the order provid�d for in Se�tion�. If Borrower aban�ans t�.e Praperty, Lender may f��e, negat�a�e and sett�e any a�a�lab�e insuran�e claim and related ma��ers. �f Borrovver daes not r�spond v�rith�n 3�days to a no�ice from Lender t�aat the�nsurance carrier has offered��se��e a eia�m, then Lender may neg�t�a��and se�tte the c1a�m. The 3�-day per�od wil� beg�n when the notice is given. �n ei�her��ent, or�f Ilender acquires�he Property under Section�2 or oth�rwis�, B�rrov�er hereb�assigns�o Lender�a� Barrovver's r�ghts�o any insurance proceed�in an amount not ta exceed the am�un�s unpaid under the N�te ar�hYs Security �ns�rument, and �b} any ather of Borrow�r's rights �o�her than th�righ��o any refund�f unearned premium�paid by Borrower}under a�I �nsurance po�icies cover�ng�he Proper��, ins�far as such right�are applicab�e to the c�verage of the Praper��, I�ender nnay use the insurance pr�ceeds e�ther to repa�r or res�ore�he Praper�y�r to pay amoun�s unpaid under�he No�e or�his Security �nstrument, whe�her or not then due. 6. �ccupancy. Borr�wer shal��c�upy, es�ab�ish, and use the Proper�y as Borrower's principal r�sidence within d�days after the execu�ion of this 5ecurit�r �ns�rument and sha��con�inue t�a��upy the Prop�r�y as B�rrnwer's prin�ipal res�dence for at least one y�ar after the da�e of oc�upancy, un�ess L,ender a�.�ierw�se agrees in wri�ing, which cons�n�sha�l not be unreasonab�y�u�thheld, or uni�ss ext�nuating c�rcumstances ex��which are bey�nd Bnrrov�er's con�ro�. 7. Pr�ser�at�on, Maintenance and Prote�tivn af the Praperty; tnspections. Borrower shal�nat des�ray, damage or�mpair�he Praperty, ali�w the Proper��to deteriorate or commi�waste vn the Property. Whether or not Borrower is residing in the Pr�perty, Borrov�rer sha��maintain the Proper�y in order ta pr�vent�he Proper�y from deteriarating or decreasing in�alue due t� its cond��zon. Un�ess i��s detern�ned pursuan��o Sectian 5 that repair or rest�ratian is no�economically feasible, Barrower shall prom�t�y repaxr the Prflper�� if damag�d to a��id fur�h�r deter�oration or damage. If�nsuran�e or condemna�ian pr�ceeds are paid in �onnec��on�nr�th damag��o, ar�he�aking of, the Proper�y, Barrower shal��e re�ponsible for repa�ring or restoring�he Proper��on�y if Lender has released pro�eeds far sucY�purposes. Lender may disburse proceeds N�BRASKA-Single�am�Iy-Fannie MaelFreddie Mac UNl�QRM INSTRUMENT Form 3�28 110i VMP� VMP6f N�y[z 34�i VIIvlters Kiuwer Financiaf Ser�ices Page 7 of 17