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��15�57� 5 A�t insurance p�licies required by I.�nder and renewais vf such po��ies shali ��sub�ec�ta Lender's r�ght t� disapprove such polic��s, shal� include a standard mar�gage clause, and shall name L.ender as mort�a�ee andlor as an additional Ioss payee. Lender shall have the rigl�t to hoid t��e poiicie�and rene�vval�er��ficates. �f Lender requires, Borrower sha�l prampt�y g�ve to Lender aIl receip�s of paid premiums and renevual no��es. If Borrow�r obta�ns an� form of insurance�or�erage, ��o�ath�r�ise�e�uire�i�y Lender, far da.x��.age�a, �r destruction of, �he Proper�y, such poliGy shali includ�a�tandard mar�gage c�ause and shall name Lender as rnort�age�dndlor as an additi�nal loss payee. In�he even�af Ia�s, Borraw�r shall give prompt not��e ta�he insurance carrier and Lender. Lender may mal�e pro�f of loss if no��nad�promp�ly by Barrawer. Uni�ss Lender and Borrower o�herwise agr��in writing, any �nsurance prnceeds, whether or not�he underlying�nsurance was required by I.�nder, shall be applied t�restora�i�n or repa�r of the Proper�y, if the restoration or repair�s economical�y feasib�e and Lender's security�s no�lessen�d. Du�ring such repa�r and restoration period, I.�nder shal�have�he right�a hald such�nsurance proceeds until Lender has had an opportun�ty t�inspect such Property t�en�ur�the work has been comple�ed to Lender's satisfaction, provided�hat such inspe��an sha�1 be under�aken promptly. Lender ma�disburse proceeds for�he repairs and restora�ian in a sing�e pa�men��r in a series of progress payments as�ie�vork is campleted. Unless an ag�reernent�s made�n wr�t�ng or Applicable Law requ�r�s�nteres��o be paid on such insuranc�proceed�, Lender shall not be required to pay Borrovver any �nterest ar earnings on such praceeds. Fees for public ad,�ust�rs, or o�her th�rd part�es, reta�ned by Borrawer shali n��be pa�d out of�he insurance proceeds and shail be the sole abli�at�an of Borravv�r. �f the res�arati�n or repa�r�s not econamicall� feas�ble ar Lender's security wou�d be lessen�d, the�nsurance pr�ce�d.s shall be applied�o the sums secured by th�s Security Instrumen�, wheth�r or n��hen due, w�th�he excess, ��any, pai�to Borrower. Such�nsurance proceeds shal�be appl�ed in�he arder provi�ied for in Sec�i�n 2, �f Lorz�awer abandons the Prop�rty, Lender may�Ie, negotiate and�e�tie an�ava�lable insurance claim and related mat�ers. �f Borra�cre�does not respond vv�thin 3D da�s�� a natice from Lender�hat the insurance earrier has affered�0 5ettle a clairn, then Lender ma�negatiate and se�tle the c�airn. The 3�-day per�od wi�I begin wh�n the notice is g�ven. In either eWent, ar�f Lender acquires�.he Proper�y under Secti�n 22�r o�herv�ise, Barrovwer hereby as�igns to Lend�r{a} Borrawer's rights�o any�nsurance proceeds in an amount na��a exce�d the amounts unpaid under the Note or�his 5ecuri�y Ins�rument, and �b}any�ther of Barrower's rights�o�h�r than the righ�to any refund of unearned premiurn�paid by Borrovver}under all insurance pol�cies cavering the Pr�per�y, insofar as such rights are app�icabl�to th�caverage of the Praper�y. Lender�na�use the�nsurance proceeds either to r�pair or restore the Proper�y ar ta pay amounts unpaid under the l�o�e or this Security Instrument, whether�r not th�n due, 6. ❑ccupancy. B�rrawer shail a�cupy, establish, and use�he Pr�perty as Borrawer's principal r�s�denc� w�thin�0 days af�er the executi�n nf this Security Instrurnen�and shail cont�nue to occupy�he Proper�y a� Barro�ver's principal residence for at�east one year after�he da�e of Q��upan��, unless Lender otherw�se agrecs in writing, v�hich consent sha�l no�be unreasonably wi�hheld, or unless extenuat�ng c�rcurns�an�es exist wh�ch are beyond Barro�ver's cantrol. 7. Preservation. Main�enance and Prate�t�on vf the Prvperty; Inspectivns. Barravver sha11 nflt destroy, damage or impair the Proper�y, al�aw the Proper�y to de�er�orate ar commit waste on the Prop�rt�. VV'he�her or not Borrower is resid�ng in�he Prop�rty, Borrower sha�l mainta�n the Proper�y in order�❑�revent th� Proper�y from deteriorat�ng or decreas�ng in va�ue due to its condit�on. L�nless i��det�rmined pursuant to Sect�on 5 that r�pair�r res�oration is not eL�n�rnically feas�ble, Borro�ver shall promptl��epair�he Prapert� �f darr�aged to avoid further deterioration tir damage. �f insurance or�ondemnation proceeds are paid�n connection w�th darnage to, or the taking of, the Pro�er�y, Barravver shall be respon�ible for repairing or restor�n� the Pro�er�y anly if Lender has re�eased p�oceeds far such purposes. Lender may disburse proc�eds N�BRASKA-Sinyle�arnily-Fannie MaelFrectdie Mac UNIF�RM 11VSTRUMENT Form 3Q�8 il�l VMP n VMP6tNE3 t13a2I Waiters Kluwer�in�n�iat 5er�ices page�af 1 7