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2� 1 ��544 A�1 insuran�e olicies required by Lender and renewals of such policies shal�be subj ect to Lender's right to p d i s a p p r o v e s u c h p o l i c i e s, s h a l l i n c l u d e a s t a n d a r d rn ort ga ge clause, an d s h a i l name L e n der as mo r�gagee andlor as an additional loss payee. Lender shal�have t he ri g ht ta h�l d t he po licies an d r e n e w a l c e r t i fi�a t e s. I f Lender r uires, Borrower sha1�promptly give to Lender aI1 receipts of paid premiums and renewal notices. � If Borrower obtai_ns any form af in►suran�e cove�rage, nat atherw�ise required by Lender, far damage to, or destruction of the Pro er�y, such policy shal�include a standard mortgage�lause and shall name Lender as a P m�r�gagee andl�r as an additional Ioss payee. In the event af loss, Borrower shall give prompt notice to the insurauce carrier and LendeY'. Lender may make oof of loss if not made promptly by Barrower. Unless Lender and Bvrrvwer�therwise agree in � writin an insurance prnceeds, whether or not the under�ying insurance was requ�red by Lend�r, shall be g� Y a lied to restoration or repair of the Property, if the restarati�n ar repair is econonucally f�asible and Pp LeI1L�EEr�5 S�CLlT1 is nat lessened. During such repair and restoration period, Lender sha11 have the right tv � hold such insurance proceeds until Lender has had an opporh�nity to inspect such Pr�perty to ensure the wQrk has been completed to Lender's satisfaction, provided that such inspection shall be undertaken rom tl . Lender ma disburse proceeds for the r�pairs and restoration in a single payment or in a series vf P P Y y ra ess a ents as the wark is completed. Unless an agreement is made i�writing or Applicable Law p � P Ym r uires i.ntere�t to be paid on such insurance pr�ceeds, Lend�r shall not be re�uired ta pay Barrower any � interest ar earnin s on such proceeds. Fees for public adjusters, or�ther third parties, retaxned by BorY'ower � shall n�t be aid out of the insurance proceeds and shall be the sole vbligatxon of Borrower. If the restaration P or r air is n�t ec�nomically feasible or Lender's security wvuld be lessened, the insurance proceeds sha11 be � a �ied to the sums secured by this SecuritY Instrument, whether�r not then due, with the excess, if any, PP p aid to Borrayver. 5uc1i in.suran�e proceeds shall be applied in the order provided for in Sectian 2. If Borr�wer abandon.s the Property, Lender may file, negvtiate and settie any available insurance clairn and related matters. If Borrvwer does not respond within 3�days to a notice frvm Lender that the insurance 'er has oi�ered to settle a claim, then Lende�'rn.ay negotiate and sett�e the claim. The 34-day period w�ll carn be ' when the notice is given. In either event, or if Lender acquires t�e PrvpertY wsdeY'Section�2�r � otherwise Borrower hereby assigns to L�nder(a�BarroweT`s rights to an�insurance prnceeds in an amount s nat to exceed the amounts unpaid under the Note or this Security Inst�inlent, an d�b}any a t her o Borrower's ri ts other than the right tn any r�fund of unearned premiunas pai d by B orrower}un der a 1 1 � � . insurance olicies covering the Proper�y, insofar as such rights are applicable ta the coverage of the P Pro . L�nnder may use the insurance proceeds either to repair�r restore the Property or tv pay amounts P�Y unpaid under the Note or this Security Instru.ment, whether or not then due. • . �c�u an� . Borrower sha�1 occupy, establish� and use the Property as Bvrrowe�''s principal residence � p � shall cantinue ta occu the Properry as within��days a�er the execution of this Security Instrurnent and PY rrower's rinci al residence for at least one year ai�er the date of occupancy, unless Lender otherwise � p � 1 or un.less extenuatin circumstances agrees iri writing, which�onsent shail nat be unreasonably withhe d, g exist which are beyond Borrower's�on#ro1. Preser►iation N!aintenance and Protection of the Property; �nspectivns. Borrvwer shall nat destray, 7. � � � ' rate or commit waste on the Fr�perty. Whether �mage or�mpa�r the Property, a�low the Property to deterio r nvt Borrower is residin in the Pr�perty, Borrower shall maintain the Property in orde�r to prevent the o g pro from deteriorating vr decreasing in value due to its condition. Unless it is determined pursuant to p�Y Section 5 that r air or restoration is not economically feasible, Borrower shall promptlY repair th�Property � if dama ed to avvid fur�her deterioration or damage. If insurance or condemnation proceeds are paid in � c�nnectian with cia,ma e t�, or the tal�ing af, the Propert,y� B�rrower shall be responsible f�r repairing or � ' the�'ro e onl if Lender has released praceeds for such puxpvses. Lender may disburse proceeds restonng p �y y ��ao�asos� o vsNE Form 3028 1 J01 NE6RASKA-5ingle Family-�annie MaelFre�die Mac UNIF�FtM lN5TRUMENT VMP6�EdE}{13a2j VMP� Paga 7 of�7 W a�ters Kluw er Financial 5ervices •