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� ��15�5335 All insurance po�i�ies r�quired by I..�nd�r and renewals of such p��cies shal�be subject ta Lend�r's r�gh�to disap�aro�e su�;h pol�cies, shall�nc�ude a s�andard mor�gage clause� and sha11 nam�Lender a�mortgagee andl�r as an addx��nal loss pay�e. Lender shall ha�e the ri�ht�o hald the p�licies and ren�wal certificates. �f Lender requires, Borr�v��r shall promptly give t�Lender al�receipts of paid premiums and rene�val n�ti�es. If B�rrower�btains any form�f insurance coverag�, n��h�r�v�se required by L�nder, for darnage ta, or destructi�n❑f, the Proper�y, su�h po1i��sha11 include a s�andard mor�gage clause and shal�name Lender as mor��agee andlor as an addi�iona�loss payee. In the event of los�, Borrov��r sha��gi�e promp�nati�e to�he�nsurance ca�rier and Lend�r. Lender rnay rnake pro�f of�oss if nat made prflmp�iy��Borrower. Unless i.ender and Borrower o�h�rw�se agree in writin�, an�xnsura.�.ce praceeds, whe�h�r or not�he und�rlying insurance was requ�red by L,�nder, sha�1 be app�ied ta res�ora�ion vr repair of�he Property, if�.he restoratian or repair is econamically feas�ble and L.�nder's se�ur��.y is not lessened. During such repa��r and res��ra�ion period, Lender sha��ha��h�r�ght ta hold su�h insurance praceeds unt��Lender has had an oppa�u�ity�o inspect su�h Praperty ta ensure�he work has been c�mpleted to Lender's satisfact�an, provided that such inspection shall be unde�tak�n promptl�. Lender rnay d�sburse praceeds far the repairs and restoration in a single payment ar zn a series of pr�gress payrnents as the v�ork is comple��. Unless an agreement is made�n writing or App�icab�e Law requires in��rest to be paid on such insurance proceeds, Lender sha��not be required ta pa�Borrov�er an� xnterest ar earn�n�s on such proeeeds. F�es for public adjusters, or a�.her�hird par�xe�, retained by Barrower shal�not be paid flut af the insurance proce�ds and shaX�be the sole o��xgat�an of Borrawer. �f the res�ora��an or repair is not economica��y f�asihle�r Le�.der's securi�y�xrou�d be le�sened, the insurance praceeds sha�l be app�iec��o the 5ums se�ured��his Securi��nstrumen�, whether or not then due, w��h�he excess, if an�r, paid��Borrower. Su�h�nsurance proceeds shall be app�i�d in the order provided for�n Sec�ion 2. If Borro�r�r abandons�he Proper�y, Lender may file, neg�t�ate and s�ttle an�ava�lal�le insuranc�claim and related matters. If Borr�wer does no�respand v�rith�n 3�days�o a natice from Lender that the insurance carr�er has affered ta settl�a cla�m, then Lender ma�r negat�ate and se�t�e the clairn. The 3��day�eriod wi11 begin v�hen the notice�s given, In ei�her event, or if L�nder acquires�he Property under Sectxon�2 or ather�vise, Sarrov��r hereby assigns�o Lender�a} Borrov�er's rights�a any�nsuran��pro�eeds�n an arnoun� na�ta�xceed the amounts unpa�d under the Note or th�s Securi�y �nstrurnent, and�b�any o�her of Barrawer's righ�s��ther�han the r�gh�.Co arx�refund of unearned premiums paid�y Borr�w�r}under alI insurance po�ic�es co�ering the Propert�, in�ofar as such righ�s are applica�le ta�he co�erage❑f�he Pr�perty. Lender may use�he xnsurance proceeds exther�o r�pair or re�tore�he Prop��t��r to pay am�unts unpaid uilder the�ote or�his Security Instrument, �he�her flr nat th�n due. �. �ccupancy. B�rrovver sha11 flc�upy, establ�sh, and u�e�h�Praper�y as Bflrrawer's pr�ncipal residence �u��hin��days af��r�he e�ecuti�n af th�s 5ecur�t� �ns�rumen�dnd shaii continue tn accupy the Prope��y as Borrow�r's prxnc�pal res�dence f�r a��eas�ane year after�he date�f occupancy,unless Lender o�herwise agrees in wri�xng, �vhich consen� sha�i not he unreasonab��withheld, �r un�ess e�.tenuating cir�umst2��ces exist which are��ond Borrow�r's cantrol. 7. Preser�at�an, Maintenance,and Protecti�n af t�e Property; �nspections. Barrower shali not des�roy, damage or impair�h�Property, allow�.ae Pr�per�y to de�e�r�orate or commit waste on�he Propert�. Whether or not Bo�rov�rer is residin�in the Prope�.�, Barrawer sha��ma�n�ain the Prop�r��n order�o prevent the PrnPert�r from det�r�ora�ing or decr�asing�n vaiue due to i�s��ndition. �Un�ess it is de��rrni.ned pursua.n�to Sec�ion 5 �hat repair or restoration is not ec�nomically feasib�e, Borrov�rer sha11 pramp�ly repair�he Proper��r if damaged to a�flid furth�r deterioration�r damage. �f insurance or condemna�xon proceeds are pa�d in conne�tion with darnag��a, or the�aking of, �he Proper�y, B�rrower shall be responsible for repaxring or restoring the Pr�per��only �f Lender l�as released proceeds for such purposes. L�n�.er may�isburse pr�ceeds NEBRASKA-5ingle Family-�annie MaelFr�ddi�Mac UNIFDRM INSTRUMENT �arm 3428 114� VMP Q VMP6fNE1 t13021 Wvlters Kluwer Financial Ser�ices Page 7 a#17