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��15�1499 All insurance p�Iicie� required b� Lender and renewals of such p��icies sha�l�e subj�c�to Lender's r�ght to disappro�e such pa�i��es, sha�l include a standard mor�gage clause, and shall nam�L.�nder as mor�gag�� andlor as an additional loss pa�ee. Lender sha�l have th�right ta h�ld the policies and renewal cer��a�es. �f Lender requires, Borrav�r�r sha��promptly g��e to I..,�nder a�l rec�i�ts of paid premiums and renewai no��es. �f Borrower ob�ains any form of insurance�overage, not otherwise required by Lender, for damage to, or destruct�on of, the Propert�, such palicy sha�l in�lude a standard martgage clause and shall name I.ender a� m�rtgag�e andlor as an additionai �oss payee. �n the e�ent of�flss, Borrow�er s�a��gi�e�rompt no��ce to the insurance carrier and Lender. Lender rnay make proof of loss if not made prompt�y by Borrower. I�nless Lender and Borrower o�ervvise agree in wr��ing, any insuranGe proceeds, whether ar not the underlying insurance v�as required�y I.ender, sha�l be app�ied to rest�ration or repair of�he Proper�y, �f�he rest�rati�n or repair is eGonom�ca��y feas�b�e and L�nder's securi��r �s not�essened. During such repair and res�orati�n per�ad, Lender shal�have�he right to hold such �nsurance praceeds unti� Lender has had an oppor�uni�y�o inspec� such Property�o ensure the work has been��mp�eted�� Lend�r's satisfa�t�on, pro�ided�ha�such inspecti�n sha��be undertaken prompt�y. L.�nder may d�sburse proce�ds for the repairs and res�oration�n a sing�e paymen�or�n a ser�es�f progress paynlents as the work is�ompie�ed. Un�ess an agreemen� is made in writing ar Applicab��Law requires in��rest�o be pa�d on su�h insurance prace�ds, L,ender shal�not be required ta pa�Borr�v�er any interes��r earn�ngs on such proceeds. Fees for pu��ic ad�usters, or other third part�es, retained�y Borrower shaii not�e paid out of the insurance pro�eeds and shall be�he sole o�l�ga�ion of Borrov�er. �f�he res�ara��on or r�pair is n�t e�ono�n�ca�iy feasib�e or Lender's security v�au�d b�1�ssened, �he insuranc�pr�ce�ds sha��e app�ied to�he�ums secured by th�s Securit�r �nstrument, whether or not�hen due, with the excess, if any, paid�o Borrower. Such insurance praceeds shall be applied in the order provided for in Sec�ion 2. �f Borrower abandons the Proper�y, Lender may ��e, nega�ia�e and settle any a�a�lahle�nsurance c�aim and reiated ma�ters. �f Borrower daes no�r�spond w��hin 3�days to a not�ce from Lender�ha�the�nsurance carrier has offered�a settle a c�a�m, then Lender xnay negn��a�e and se��le the ciaim. Th�3��day period wi11 �egin when the notice is given. In either e��n�, or if Lender acqu�res�h�Property under Sect�an��or o�herw�se, Barrovver hereby assigns t� Lender�a} Borr�wer's r�gh�s�o any�nsurance proceeds �n an amoun� not�a exceed�he a�maunts unpa�d under�he Note or this Security Ins�rument, and�b} any ot.�aer of Borrawer's rights �ather�han�he right�o any refund of unearned premiums pa�d b�Borrawer}under all insurance policies co�er�ng the Propert�, �nsofar as su�h rights are app�icab�e ta the c�verage af the Proper�y. Lender may use�he insuranc�proceeds e�ther to repair or restore the Praper�y ar to pay amaunts unpaid under the No�e nr�h�s Securz�y �nstrument, whether or nat then due. �i. (3ccupancy. Borrower shai�occupy, esta�lish, and use the Pr�perty as Borrawer's princ�pal residence within 64 da�s after the execu��on of this S�curi�y Instrum�nt and sha�I continue to��cup�the Property as Barr�wer's pr�nc�pal residence for at least�ne year after the date�f occupan�y, unless Lender o��erw�se agr�es �n writing, which consent shail no�be unr�asonab�y��hhe�d, or unless e�tenua��ng cir�ums�nces ��st v�rhi�h are beyond Barr�wer;s c�n�ro�. 7. Preser►vat�on, Nlaintenance and Protection of the Property; [nspect�nns. Barro�ver sha�l not des�roy, damage or impa�r�he Praperty y allow��.e Proper�y�a deterx�rate or commi�waste on the Praper�y. V�h��her or not Borr�wer is residing in�he Praperty, Borra�ver shal� ma�n�azn�he Proper�y �n ord�r�o pre�ent�he Proper��from deter�orating or decreasing in�a�ue due to its c�ndition. Un�ess �t�s d��ermined pursuant to Sect�on 5 t�a�repair or restoration is not econom�ca��y feasib�e, Borrower shali prom�tl�r re�air�he Proper�y if da�naged �o avoid fur�her de�erioration ar damage. If in�urance or c�nd�mnation pr��eeds are paid in �onn��zan w��h damage t�, �r�he�aking�f, the Praper��, Borrower sha��be resp�nsi�b��far repairing�r rest�ring the Proper��o�a�y if Lender has re�eased proceeds f�r such purposes. Lend�r may d�sburse proc�eds N�BRASKA-5�r�gie�amily-�annie MaelFreddie Mac UNlFaRM�NSTRUMENT Farm 30�8 11D� VMP� VMPfitN�}{'�3D2y 1Nvlters Kluwer Financia!5er�ices Page 7 of 17