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��15�3917 A�I insuran��policies requ�red b�Lender and renev�ra�s�f such palic�es sha�� be subjec�to L.ender's r��ht�o disappro�ve such po�icies, sha�l include a standard mort�age Glause, ar�d shall name Lender as mor��a�ee andlor as an additional loss payee. Lender shall ha�e the right t�hald the p�licies and renewa��ert��ca�es. If L�nder requires, Borrower shall promptly gi�e to L.ender alI re��pts�f pa�d prem�ums and renewa�na�ices. If Barrower flbtains an� farm of insuran�e caverage, no�a�herwise required by Lender, for damage ta, or d�s�ructian of, the Proper�y, such po��c� shall �nclud�a standard mor�gage clause and shal� name I.ender as mortgagee andlor as an additiona� I�ss payee. In th��ven�of lass, Borrflwer sha�l g�ve promp�notice to the insurance carr�er and Lender. L�nder may mak�proof of�oss �f nflt made pramp��y by Borrower. Un�ess Lender and Borrower otherwise agree in wr�ting, any insuran��proceeds, whether or not the under�ying �nsuran�e was requ�red h� Lender, shall be applied to restora�ian or repair of the Prop�rt�, �f�he restorat�on or repa�r is econom��aliy feasible and Lender's security is not lessen�d. Dur�ng such r�pair and res�ora��on per�od, Lender shall ha�e�he righ�to hold such�nsurance proceeds unti� Lender has had an opp�rtuni�y to inspec��u�h Property�o ensure�he work has b��n compl�ted�o L�nder's sa��sfac�ion, pro�r�ded�hat such�nsp�c�ion sha�i be undertaken pro�mptly. L.ender may disburs�procee�s for�he repairs and res�ora�ian�n a s�ngie paym�n�or in a serXes�f progress pa�men�s as�he work is comp�e�ed. Un�ess an agreemen�is made in vvrit�ng or Appli�able Law requires �n�erest�o be paid o�.such �nsurance prace�ds, Lender sha�� not�e required to pa� Barrovver an� interest or earn�ngs an su�h proceeds. Fe�s for public ad�us�ers, or other�hird par�ies, re�ained hy Barrower sha�� not be pa�d out of�he insurance proc�eds and shall be the saie ob�iga�ion of Borrflwer. If the res�ora�ion or repair is not economical�y feasible or L.ender's secur�t�wou�d be lessened, �he insuranc�prace�ds shal�be appl�ed to�he sums secured�y�h�s Securit��nstrument, whe�her or nat�hen due, w�th�he excess, �f any, pa�d to Borrower. Such insurance proceeds shall b�applied in the order pro�xded f�r in Sect�on 2. �f Borrow�r abandons�he Pr�perty, Lender may f��e, negatia�e and s�t�Ie any a�ra��a�� insurance claim and related matters. �f Borrower do�s not respand w��h�n 3�day5 tfl a natice from I,�nder tha�the�nsurance carrier has offered�� se��e a claim, �hen Lender may nego�iate and se��e the c�a�m. The 3�-da�per�od will �egin when the nati�e is g��en. �n either e��nt, or if Lender acqu�r�s the Proper�y under Sec�ion 22 or otherwise, Borrawer her�by ass�gns to Lender�a} B�rrower's r�gh�s t�an�insurance proce�ds in an amount not�a exceed th�amaunts unpaid und�r�he Note or��.is Secur��y �ns�rument, and �b� any other of Borrower's r�ghts �o�her than the r�ght�o any refund af unearned pr�m�ums paid 1�y Borrower}under a11 insurance pol�cies cavering�he Proper�y, �nsofar as such rights are applicab�e�o the coverage�f�he Proper��. Lender may use�he insurance proce�ds either to repair or res�are the Proper�y or�o pay amoun�s unpaid under�he Note or�his Security�ns�rumen�, �vhether or not�hen due. �. Decupancy. Barrower shal�oc�upy, esta�lish, and use�he Praper�y as Barr�wer's principal residence w��h�n 5�da�s after the exe�ution of�h�s Securit� �nsCrun�en�and shal�continue�a oc�upy the Proper�� as Borro�rer's prin�zpa� res�dence f�r a�Ieas�nne year after�he date of�ccupancy, unless I.�nder otherwise a�rees in�r��ing, vc�h�ch consen�sha��not be unreasonabiy w�thheld, or unless ex�enuat�ng�ircumstances ex�st which are b�yond Bor�ower's c�ntro�. 7. Preservatrvn, Maint�nance and Protecti�n of the Property; �ns�ectivns. Borrower shall not destroy, damage or impair�he Proper�y, al�ow�he Proper��a deteriorate or commi�waste on�he Praper��. �he�h�r or not Borr�wer is residing �n the Proper�y, Borrow�r shall maintain th�Pr�per�y in order to prevent the Property from de�er�orat�ng nr de�reasing in vaiue due ta ��s�ondi�ion. Uniess it is de�erm�ned pursuan�to S�ction 5 �hat repa�r or restoration i�not economica�Iy feasib�e, B�rrower shai�promp�ly repair the Propert� if damaged�a a�oid fur�her deteriorat�on or damage. �f�nsuran�e or��ndemnat�on proceeds are pa�d in connec�ion with damage to, or�he takin�of, the Praper��, Borrower sha�l b�responsible for r�pa�r�ng or r�star�ng �he Pr�pert�r an�y if Lend�r has re�eased proceeds for such purpases. Lender may disburse prQceeds NEBRASKA-Sir�gle�amity-Fannie MaelFreddie Mac UNIFQRM�NSTRUMENT �prm 302$11D1 VMP� VMP6{N�}t13Q2} Wa(ters Kluw�r FinanciaE 5er�i�es Pag�7 of 17