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��15�5574 A�� insurance polic�es required by L�nder and renewals af such palicies�hall be subj�c�to L�nder's righ�to disapprove such pali�ies, sha�l �nclude a standa�rd mortgage clause, arld shall��am.e L.ende�as martgagee andlar as an additional l�s��ayee. L.ender sha1�have�he�rz�h��hold the p�iicies and renewal certi�icates. �f Lender requires, Borrower�hal�promptly give ta Lender all r�ceipts o�-paid prerniums a��d renev�al notices. If Borrow�r�btain�any f�rm af insurance ca�erage, no�otherwise re�uxred b�Lender, f`or damage t�, or �.�struction af, the Prope�.�, su�h policy�h�ll in�lude a standard martga�e c�ause an�.sha11 name Lender as mor�gagee andlor as an a�ditional loss payee. In th�e�ent af loss, Borrower shall gi�e pro�mpt no�ice�a the insurance carrier and L�nde�r. i.�nder may make proaf of Io�s if not made promp�i�by Barrower. Unless Lender and�3orr�wer atherv►�zse agree�n vwritin�, any insurance proceeds, vuhe�h�r or not the under�y�ng insuran�e was required by Lender, sha�l b� applied to res��rati�n or repa�r of�he Praper�y, �f the restoratinn ar repair is econamica�ly feasib�e and Lender's secur�ty is no��essened. During such repair and restorati�n per�od, Lend�r shall hav��he r�ght to ho�d such�nsu�rance proceeds untii Lender has had an�ppor�uni��o i�spect such Propert�ta ensure�he work has been c�mpleted ta Lender's satisfaction, prouzded tha�su�h inspection�hall be under�aken promp�Iy. Lender may disburse pro�eeds for the repairs and res�oration in a sing��payment�r in a ser�es of pra�ress paym�n�s as�he work is c�mplet�d. Unle�s an a�r��rnen�is made in wri�in�or Appl��ab�e La�u requires interesf ta�e paid on such insurance proceeds, Lender sha11 nat b�requ�red to pay Borrovver any interest or earnings on such pra�eeds. Fees for pub�ic ad�usters, or other third par�ies, retained by Borr�wer sha�l n�t be paid aut of��e insuran��proceeds and shai�be the sa�e nbliga�ion af Borrower. If the rest�ration �r�epa�r�s not econarn.�cal�y feas�ble or Lender's se�urity wauld be les�ened, the insuranc�proc��ds sha�� be applied�o the sum�s�cured by this Se�uri�y�ns�ru�nent, �rhe�her��no�then due, with�he excess, if any, pa�d�o Barrower, Such insurance proceeds shall be appl�ed in the�rder pro�ided for�n�ection�. �f Borrov�er abandons�he Froperty, Lender rnay f�le, negotiate and settle any ava�lable insurance c�aim and re�ated ma�ters. �f Barrawer doe�not respand v��thin 3�days to a noti�e fram Ler�der tiha��he insurance carrier has offered to se��1�a�laim, then Len�er may negotiate and se�t�e the��a�m. Th�3�-day period will begin v�hen the not�ce is g�ven. In e�ther e�ent, ar�f Lender acquires�he Propert�under Sec��on 2�or oth�rw�se, Borr�w�r hereby a�s�gns to L.�nder�a}Borrower's righ�s to any insurance proceeds�n an amount not�a �xceed the amaunts unpaid under the Note or��.is Securi�y�ns�rument, and�b�an�ather of Borrawer's righ�s �oth�r than the right t�any refund of unearned p�r�miums paid b�Borrower}under al� insurance po�ic�es caver�ng the Proper��, insafar as such righ�s are app�icable to the co�era�e of the Proper�y. L�nder ma�use�he�nsurance proceeds e�ther�o repair or restore�he Proper�y or to pa�r am�u��s unpa�d und�r�h�I�o�e or this�ecuri�y Ynstrumen�, vvhether or not then due. C. �ccupancy. B�rrov�rer sha�l occupy, estabiish, and use�he Praper�y as Borrawer's pr�nc�pal xesidence �ithin��days af�er the execution af th�s Security�nstrument and shail��n�inue t�Q��upy th�Prapert�as Borrower's princ�pal re��dence f�r at l�a�t one year after th�date of o�cupancy, un�ess Lend�r athe�-vv�s� agrees in writin�, v�hich consen�sha��nat be unreasonab��vvi�hheld, ar unless extenuati�g circumstances exist whi�h are beyand Borr��ver'�cnntxa�. 7. Pres�r�ation, N�ainfienance and Pratection af the Praperty; Inspe�fiinns. �arr�wer shall no�destroy, damage�r impair the Proper�y, all�vv�he Proper�y�o r��teriorate❑r commi�waste�n the Prope�r�y. �hether �r no�Borrawer is residing�n�he Property, Borr�wer shai�maintain the Property in order t�pr�vent the Pro�erty fram de�er��rating or decreasing in�alue due ta its condit�on. Unless it is d�termined pursuant to Secti�n 5 that repa�r�r resto�ration is not economically feasible, Borrow�r sha1�p�omptiy repair the Pr�per�y if damaged�o a�aid further de�eriarat�on or damage. �f insurance or condemnat�on pro�;eeds are paid�n cannec�ian wi��i damage ta, or�he ta�ing ofy the Praperty, Borrowe�r sha��be resp�nsib�e for repairing or restoring the Proper�y onl��f Lender has r�leased pr�c��ds far such purposes. Lender may disburse p�o�eeds NE6RASKA-Single�amily-�annie Ma�IFreddis Ma�UNIFDftM iNSTRUM�NT F�rm 3�28 11d1 VMP[� VMPEtNE}{�3d2y Wolters Kls�w�r Financia!S�r�ic�s Page 7 vf 97