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2� 1 ��254� A�1 �nsurance pol�cies required�� Lender and renewa�s of such po�icies sha11 be sub,��c�to Lender's right to d�sapprave such policies, shai� inc�ude a s�andard mor�gage c�ause, and sha�� nam�Lender as mor�gage� andlar as an addit�ona� iass payee. Lender sha��have the righ�to ha�d�he pol��ies and rene�val c�r�if��at�s. �f Lend�r requires, Borrower sha11 prom.p��y give�o Lender al� rec�ip�s of paid prerniun�� and renewal nat�ces. �f Borrnwer obtains an� farm af insurance coverage, na�otherw�se requ�red by Lender, for damage��, or destruc�ion of, �he Proper�y, su�h pol�cy sha�� n��ude a standard mor�gag�clause and shall narne Lender as mor�gagee andlar as an additiflnal �oss payee. �n the event af�ass, Borrov��r sha�� gi�e prampt notice�o the i�surance carrier and Lender. Lender may n�ake pro�f of�ass �f not made pr�mp�ly�� Borrow�r. Unless Lender and Borrower othervvise agr�e�n wr�ting, an� �nsurance proceeds, whe�her or not�he underiying insurance�vas requ�red by Lender, sha��e app�ied�o restora�ion or repa�r of�he Pr�pert�, �f the res��ratifln or repa�r is ec�nomically f�asible and Lender's securi�y is no�Iessened. During such repair and restora��on per�od, Lender shal�have the r�ghfi�o h�ld such insurance proceeds until Lender has had an�ppor�uni�y to inspect such Froper��o ensure�he vvork has been coxnp�eted to I.�nder's satisfac��on, pro�ided tha�such inspectian sha��b�under�aken prom.p��y. Lender�na�r d�sburse proceeds far the repairs and restaration�n a s�ng�e paymen�or�n a series of progress payments as��e work is camp�e�ed. Unl�ss an agre�ment �s made in writing or App�icab�e La►� requires in�erest�o be pa�d on such insurance pr�ceeds, I�nder shal�nat be requxred to pa�Borrower any interest or earn�ngs�n such proceeds, Fees for pub�ic adjusters, or o�her third par��es, r��ained by B�rrav�rer sha11 n�t be pa�d au�of�he insurance proceeds and sha��b��he so�e oblz�ation of Borr�v�er. If the res�orat�on or r�pair is no�economical�y�feas��e or Lender's securi�y would be�essene�, the�nsurance proce�ds shal��e app�ied�a�he sums se�ured b��his Secur�t�Instrume�t, whe�her ar no��h�n due, wi�h�he e�cess, if any, paid�o Barrower. Suc�insurarice proceeds sha11 be app�i�d in�he order provided for in Sect�on�. �f Borrower a�bandon��he Proper�y, Lender may �le, negot�ate and sett�e any availahXe insuran�e claim and reiated matters. �f Bflrrower does no�r�spond w�thin 34 days�o a notice from Lender�hat�he insurance �arrxer has affered��se�tle a claim, �hen L�nder rna�nego��ate and settle�h�claim. The 3�--day period w�I� begin when the n��ice�s g��en. �n ei�her�ven�, ar if Lender acquires�he Proper��r under Section 2�or a�herwise, Borrnwer hereby ass�gns to Lender�a} Barrower's r�ghts��an� insurance proceeds �n an amount nat to e�.c�ed�he amounts unpaid und�r�he N�te or th�s S�curi�y �nstrumen�, a.nd �b} any other�f Borrov�rer's rig�.ts �o�her than the righ�t�any refund af unearned premiurns pa�d by Borrow�r}under a�I insuran.ce policies co�erxng the Proper��, �nsofar as such rights are appl�cable to the co�erage of the Proper�y. Lender may use�he�nsurance pra�eeds either to repa�r or restar��he Proper�y or�o pay amounts unpa�d under the N�t�or�.his Securi�� Ins�rumen�, v�rheth�r or no�then due. C. Dccupancy. Borrower shall oceup�r, es�ab�xsh, and u�e the Proper�y as Borrower's principa� r�sidence vv��hxn 6fl days aft�r�he execution of�his 5ecur�ty Ins�rument and shali con�inu��o�ccupy t�e Prop�r�y as Borrower's princ�pal res�dence for at Ieast one�rear after the da�e of occupancy, unless Lend�r��herwis� agrees in urrxt�ng, v�rhich c�nsent s�a11 n�t�e unreasonab�y wi�hheld, or unless extenua�ing cir�umstances e�is�v�hich are beyond Borrflwer's contro�. 7. Preserr►atian, Ma�ntenance and Prvtection af the Prap�rty; Insp�ct�ans. Borrow�r sha�� no�d�s�roy, damage or im.pair the Prnperty, allow�he Proper�y�o de�er��rate or commit vvast�on�he Proper�y. �he�her or not Borrower xs res�din�in the Prop�rty, Barrower sha�l ma�n�a�n�h�Prop�r�}� in order�a pr��ent the �ropert�fram de��rzora��ng or decreasing �n�a�ue due to �ts c�ndz��on. Unless �t xs determ�ned pursuar�t to Sect�an 5 �ha�repaxr or res�ora��n is no�econom�cal�y feasible, Borr�wer sha�l prornpt�y repair the Proper�y �f damag�d t� a�oid fur�her de�er��ration or damage. �f insurance�r c�ndemnation pro�e�ds ar�pa�d xn conn�c�ion w��h damage ta, or�he�aking af, th�Praperty, Borrov��r shai�be r�spans�ble for repairing or rest�ring the�'roper�y aniy if Lender has re�eased proceeds for such purposes. Lender may disburse pr�ce�ds N�BRASK�-Single�amiiy-�annie MaelFreddie Mac UNt�qRM lNSTRUMENT Farm 3028 714'� VMP[� VMPfi(N�y('�3423 Wo[ters Kluwer Fir�ar�cial Ser�ic�s Page 7❑€17