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��15�4485 A�l insuranc�polx�ie�required by I.�nd�r and renewais of such palicies sha��be subj�c�to Lend�r's r��h�to disapprove such policies, sha��include a 5�andard mar�gage clause, and sha��name Lender as rnor�gagee andlor as an addit�onai�ass payee. I,ender sha��have the right ta hold the policies and renewa�certificates. �f L�n�.er requires, Borrower�ha1i prornptly g�ve tfl Lender a��rece�p�s af paid premiums and r�ne�vai no�ic�s. If Borrower obta�ns any form of insurance c�verage, nat��herwise required�y Lender, far damage�o, or destructian of, �he Praper��, such polic�shal� �nGlude a standard mar�gage c�ause and sha11 name L�nder as rnor�gagee andlor as an additiana�loss payee. In�he e�ent flf�ass, Borrower sha��gi�e pr�mp�notice ta�he insurance�arrier and I.ender. L�nder may rnake proof af�oss if na�made pramp��y by Borr�w�r. Unless Lender and Barrower ath�rwise agree�n wr�ting, any insurance proceeds, wheth�r or not the underlying�nsurance was required by I�nder, shal�be applied to restorati�n or repa�r of the Pra�er��r, if�he re�toratiari or repair is economu.cally feasible and Lender's securi�.y is not Iessened. During su�h repair and restoration per�od, Lender shal�have the right to h�ld su�h insurance praceeds un��l Lender has had an oppor�uni�y to inspec�sueh Proper�y ta ensure the work has been camplet�d�o I.ender's satisfact�on, prov�d�d tha�such inspec�ior�shal�he undertaken promp��y. Lender may dis�urse proceeds far�he repairs and res��ration in a singl�paymen�flr�n a��ries of progress payments as the work�s completed. Unless an agre�men�is made�n writing or A�pl�cabie Law requ�res�n�eres��o be paid on such insurance proc�eds, Lend�r shal�no�be required�o pa�r B�rrflwer any znteres�or earnings on such praceeds. Fees f�r pub��c adjusters, ar other th�rd�arties, retained b�r Barrawer sha11 no�be paid out of the�nsurance pro�eeds and shall be the sole obligat�fln of�3arro,w�r. If th�r�starat�an vr repazr�s nat econornica�ly feasib�e ar L�nd�r's secur�ty would be Iessened, the insuran�e proceeds shall be applied�o�he sums secur�d b�this Securxty Znstrurnent, whether or not then due, wz�.h the excess, �f an�r, paid to�arrower. Su�h insurance pr�c�eds sha��e a�pl�ed in�h.e order provided for zn Sec�i�n�. If B�rro�crer abandons th�Prnper�y, Lender may fil�, n�go��ate and set��any avai�ab�e�nsuranc�clain�and rela�ed mat�ers. If Borrav�rer daes not respond with�n 3Q da�rs t�a na�ice from Lender�ha�the insura�nce carrier has offered to set�le a claim, then Lender may nego�iate and set�le the c�aim. T�e 3�-da�per�nd�vill begin�vhen�he nat�ce zs g��en. �n�it��r e�ren�, �r if Llender ac�u�r�s�he�roper�y un�er Sectian��or otherv�r�s�, �orro�er h�reby assigns�o Lender�a}Borrower's r�ghts ta any�nsurance proceeds in an amount n��tti ex�e�d the amoun�s unpa�d under the Note ar this Security�nstrument, a.nd�b}any other of Borrower's righ�s(o�her�han�he r�ght to an�refund of unearn�d pr�mium�pa�d by Borrower}under all �nsurance po��c�es co�ering the Praperty, znsafar as such r�gh�s are applicabi�to the coverage of the Propert�. Lender may use the insurance praceeds either�o repair or restore the Property Qr tn pay am�unts unpaid under the Na�e�r this Security�ns�rurnen�, whe�her ar nnt�hen due. 6. Uccupancy. Borrower shall occupy, �s�ab��sh, and use�h�Praperty as Borrower's princ�pa�resid�nce wi�h�n��days aft�r th��xecut�on❑f�h�s S��urxt� Ins�rument and shall c�nt�nue to fl�cupy�he Prope�.rty as Borrower's principal residenc�for at least one y�ar af�er�h�date of occupancy, unless Lender otherwise agrees in vvriting, wh�ch consen�sha��not�e unreasonab�y withheld, ar un�ess e�tenuating cir�umstance� exist whi�h are bey�n�Borrower's contro�. 7. Preser�atian, Maintenance and Prvtection vf�he Pr�perty; fnspections. Borrov�er sh.a.�l not destro�, clamag�ar impair�he Praper�y, allow the Proper�y�o det�riara�e or commit waste�n�he Proper�y. VL�a.ether �r na�Barrower is resid�ng in the Property, B�rrower shail maintain�he Praperty in order to pre��n��he Propexrty fro�n de�eriora��ng ar decreasing in va�ue due��i�s��nd�tion, Un�ess it is d�termined pursuat�.�ta Sec��on 5 that repair ar resto�at�on�s no�ecan�mically feasib�e, Barraurer shall prompt�y repa�r�h�Praperty �f da�naged t�avvid further deteriflra�ion ar da.��age. If insurance ar candemnation proceeds are pa�d in �onnection w�th damage t�, ar�he�ak�ng afs �h�Prflperty, Borrawer sha��be responsib�e for repairing or restoring�h�Proper��r nnly if L.�nder has rel�ased proceeds for such purp�ses. Lender ma�disburse praceeds N�BRASKA-Single Farr+ily-Fanr�ie MaelFrectdie Mac UNIFQRM�NSTRUMENT ��fm�o�$�ro� VMP[� VMP6{NE3 t13�2f W�Iters Kluwer Fir�ancial Ser�ices Page 7 af i 7