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��15�4944 A��insurance policies requared by Lender and renevwals of such poticies sha��be suh�ect tv Lender's right to disapp�o�e such pa�ic�es, shall�nclude a standard mortgage c�aus�, and shall name Lender as mortgagee ar�dlor as an additivnal lass payee. Len.der sha�l have the r�ght to ho�d the policies and rene�al cert�fi�ates. If Lender requires, �3orrower sha�I prampt�y g�ve to Lender a��receipts af paid premiums and renewal n�tices. �f Bo�-rvwer obtains any form of insurance coverage,no�other�ise requir�d by Lend�r, far damage ta, or destructi�n of, th�Property, such poii�y sha�l�nc�ude a standard rnar�gage c�ause and sha�l n�me Lender as mortgagee andl�r as an addi��onal�vss payee. �n�he event a�'�oss,Borrower sha11 give prompt notice�o the insurance carrier and Lender. Lender may mal�e praof of loss�f not mad�prampt��by Barro�ver. Unless Lender and Barrawer�therwise agree in writin�, any insurance proceeds, whe�her or not th�underlying insurance v�as required by Lender, shall be applied�o restaration ar repair of�h�Praperty, if the restaratian ar repair is econ�mically feasible and Lender's security is not�essened. During such repair and restoration peri.od, Lender sha�i ha�e the righ�to ho�d such insurance praceeds untzl�nder has had an app�rtura�ty�o inspect such Property t�ensure the work has�e�n camp�eted.t�Lend�r's satisfa.ct�an,pr�vided that such}nspectivn shall be undertaken promp��y. Lender rnay disburse proceeds for the repa�rs and restarat��n�n a single payment�r in a serie�af progress payments as the work is completed. �nless an agreement is made in writing or�pp�ica�b�e Law req�xires interest ta be paid or�such�nsurance proceeds, Lender sha��not�e rec}u�red t�pay Borrower any interes�or�arnings on such proceeds. Fees for public adjusters, ar other third par�es, r�tained by Borrower shal�nvt be paid�ut of�he insuranc�proce.eds and sha��he the sQl��h�igarion of Faorraw�r. If�h�restvratian �r rep�ir is not ecanomically feasihle or Lender's security would be lessened, the insuranee proceeds shal�be appiied�o the sums s�cured�y thi�5ecuri�y�nstrument, whe�her or nat then due,�ith the excess, if any, pa�d to Borrower. Such u�surance proceeds�ha�I b�app�ied in the ord�r provi.ded far in Section 2. If Borrower aL�and�ns�h.e PrQperty, L�n.der may fi�e,negatiate and settle any availab�e insurance c�aim and re�ated rnatters. If Borrow�r does not respond within 3�d�ys�a a no�ice from Lender�hat�he insuranee carrier has affered tQ se�tle a claim, then Lender may negatiate and settle the�Iaun. The 3�-d.ay periad�ri�1 begin Vvhen�he natic�is g�iven. In either e�en�, �r�f Lend�r acqu�res th�Proper�y under S�ctian 2�or �thex-v�ise, B�rrawer hereby assigns to Lender�a}Barrow�r's rights tv any insurance proceeds in an amaunt n�t�a exceed the amaunts unpaid under the I�ot�ar this 5ecuarity Instrument, and{b}any��her af Borrawer's rights�ather than t�ie right tv any r�fund of unearned premiurns paid by Borrar�ve�r}under all in�urance p��icies�o�er�ng the Proper�, insofar as such righ�s are appli�able to the c��erage of the . Prope�-ty. Lender ma�r u.se the insurance prac�eds either tv repair ar restore�he Property ar�v pay amounts unpaid under the Note�r�his SeCurity Instrument, whether or not then due. �. �ccupancy. B�orrawer shall oc�upy, es�ablish, and use tl�e Proper�y as Barrawer's principal residence u��un��days after the execution af this Se�urity Instrument and shal�continue t�occupy the Froperty a� Barrower's principa�residen�e f�r at least one year after the date af occupancy, unless Lender o�h.er�is� a�-ees in writing, which c�nsent sha1�n�t b�unreasonably withheld, �r unless extenuating c�rcumstances exist which are beyand BorrQwer's cofl�rol. 7. Preservativn, M aintenance and Prvtect�on of the Property; �nspectivns. Borrower shall not destr�y, darnage or impair the Fraperty, a�low�he Property to deteriorate ar cammit waste on the Praperry. 'V►�h�ther or nat Borrawer is r�siding in the Property, Borrower sha11 maintain the Proper�y in�rder to preWent the Pr�perty fir�rn deteriarating�r decreasing in value due to its c�nd.i��on. Unless i�is detennined pursuant to Se�tion 5 tha�repair vr res�flration is not ecanom.ically f�asible,Borrowe�r shall promptl�r repair the Praperty if damaged��avv�d fi�rther deteriora��an or damage. If insurance or condemnativn proceeds are paid in connect�on with damage tv, or the taking of, �ie Property,Bo�ov�e�sha�l be responsib�e for repairing or rest�ring the Praperty only if Lender has released proceeds for such purposes. Lender may disburse praceeds 23DU3?S72Q D VfiNE NEBRRSKA-Sing#e Fa►nily-Fannia Maei�reddie Mac UNIFDRM INSTRI]ME�IT Fvrr7►3428 110'# VMP�e] VMP��N�}�13Q2} Wniters Kluwer Financial Services P�ge�of 17