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��1 5�5�3� All insura��e policies required b� Lender and renewals�f such polic�es shali be subject to L.end�r's right t� disa�pro�ve su�h po�ic�es, sha�l include a standard rnortgag�claus�, and shaii name L.�nder as mortgagee andlor as an addi�ianal loss payee. Lender shall have the right to h��d the pa�i��s and r�n�wal�erti�cat�s. �f Lender requires, Borravver shall pramp�ly gi�c to Lenc�er a1I rec�ipts af pa�d prerniums and renewal notices. �f Borrov�er ob�ains any f��rrn of insurance ca�erage, no��thervvis�requi�ed by Len�er, f�r darnage to, �r destruction�f, th�Prap�r�y, such po��cy shall includc a s�andard mortgage clause and shall name L.ender as mor�gagee andlor as an addi�io�nal Ioss payee. In the e��n�of�oss, Borrawer sha��g�ve prampt not�ce ta the insurance carri�r and Lend�r. Lender may make praof of Ioss �f not made promptly by Borrower. Unless Lender and Borrower otherwis�agree�n wr�ting, any insurance proceed�, whether or no��he under��ing insura��ce was requ�red by Lender, shall U� appl�ed to restoration or repair of�he Proper�y, if the�estoratian or repair is econam�cal�y feaszb�e and L�ender's securi�y is not lessened. Dur�ng such repair and restoration pe�iod, Lender shall I�ave��e righ��a ho�d such insurance proceeds unti�-Lender has had an�pportunity to inspect such Prnperty t�ensure�he vw�rk has b�en campleted t❑ Lender'S �at�sfa�tion, proWided�ha�suGh inspectian sha��be undertaken promptly. Lender rnay disburse proceeds for the r�pairs and res�oration in a s�ng1�payment or in a series of progress payments as the�ork is compl��ed. Uniess an agreement�s made in writing or Applicable Law requires int�res��be paid on such insuran�e praceeds, Lender sha11 no�he requ�red to pay Barrow�r any interest ar earnings��su�h praceeds. Fe�s f�r pubii�adjusters, or o�her th�rd par�ies, re�aine�.by Borrower sha��no�be paid au�of the insurance proGee�s and shall be�he sole obliga�ian of Borr�wer. �f�he restorati�n or repair is no�econom��all�feasible�r L�n��r's s�curity v�r�uld be tes�ened, �he insurance pra�eeds shall be appl�ed to the sums secured��thi� Se�uri�y�nstrument, whether or not then due, with�he excess, if an�, paid ta Borrov�er. SuGh�nsuranc�praceeds shall be app�ied in�he order praw�d�d for�n Se�tion�. �� Baz�rower aband�ns the Praperty, Lender rnay fi1e, neg�t�ate and set�le a�y availa�le insurance cla�m and related matters. �f Borrower does not respand with�n 34 days�o a noti��from Lend�r that the insuran�e carr�er has offered ta sett�e a ciaim, then L,�nder�nay negotia�e and settl�the claim. The 3D�-day period wi�� beg�n when the notice is given. �n either evenfis or�f L,ender acquires �he Property under Sec�i�n�2 ar otherwise, Borrower here�y a�s�gns ta Lender�a�Borrower's r�ghts�o any insurance praceeds in an am�unt not to ex�eed the amaun�s unpaid under�he Note or�his 5e�urity�nstrumen�, and�b}any o�her of �orrower's righ�s�other�han the righ�to any refund of unearned prenuums paid by Borrawer�under a11 insurance pa�ic��s co�ering the Prope�y, insofar as su�h rights are appl�cable�o�he co�era�e af the Pr��er��. Lender may u�e the insuran�e proceeds either t� repair vr re�ta�e the P�operty�r to pay an�ounts unpaid under�he N�te ar this Secur�ty Instrument, whether or nat then due. �. Qccupancy. Borrower shall ��upy, establ�sh, and use th�Praper�y as Borrower's principal resid�nce vvithin 6fl da�rs af�er the execu�ian of�his Securi��nstrument and shall cantinue to occupy the Proper�y as S�rrawer's prin�ipa�res�d�nce for at�east one�ear after the date of occupancy, unless Lender otherwise agrees in writing, v�hich consent sha1�not��unreasanabl�v��thheld, or unl�ss extenuat�ng circumstanc�s exist v�h�ch are bey�nd Borrow�r's contro�, 7. Preser�ativn, Main�enan�e and Protect�on of the Praperty; Inspections. Borrower shal�nat de��ray, damage or irnpa�r the Proper�y, a11ow�he Pr�perty tn deter�ora�e or com.m�t waste on the Praper�y. �Nhether or nat B�rrawer�s residing in�he Propert�, Borraw�r sha�l maintain the Property in order to pre�ent�he Pr�perty from deteri�rat�ng�r decreasing xn value due to its�ondition. L1nless it is de�ermzned pursuant t� Sectian 5 that repair ar�es�ara�ian�s not economi�ally feas�bl�, Borrow�r shal�promp�Iy r�pair the Propec�y �f damaged�o avoid further deter��rati�n or damage. �f insurance ar condemnation pracee�.s are paid in connection with damage ta, or�he taking af, the Prop�r�y, Barrovver shall be r�spans�b�e for repairing or res�oring the Prop�r�y onl�if Lender has releas�d pr�ceeds for such purposes. Lender may d�sburse p�roceeds NEBRASKA-SingEe�amily-Fanr�ie Mael�redd�e Mac UNIFORM 1NSTRUM�NT Fvrm 3��8 1101 VMP[�] VMP6[NEj t13�2f Wotters K[uwer Financial 5er�ices Pac�e 7 of'f 7