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2� 1 ��34�� All insurance policies required by Lender a��d renewals of such pol icies shall be sub�ect to Lender's righ�t�d�sappro�e such p��ic�es, shal� �nclude a s�andard mortgage ciause, and shall name Lender as mortgagee andlo�as an additi�nal loss payee. Lender shall ha�e the right ta ho�d the po�icies and r��evval certificates. If Lender requires, Borrower shall pro��nptly give to Le��der all receipts of paid premiums and renewal n�tices. If Borrovver obtains any form of insurai�ce co�erage, ��ot otherwise required �y Lender, far da�nage to, or destruction of,the Property, suci7 p�licy shall include a standard rnortgage clause and shall nam� Lender as mor�gagee andlor as an additional l�ss payee. In the e�ent of loss,Borravver sha11 gi�e promp�no�ice tn t��e ins�irance carrier and Lender. Lender may make pr�of af lass if n�t made promptly by Borr��ver. Unless Lender and Borrower ather�vise agree �n writing, any insurance proceeds, whether Qr nat the underlying �nsurance vvas r�yuired by Lender, shal l be app 1 i ed to restnrati on or repai r af the Proper�y, i f the restorati�� ar repair i s ecanomica l ly feasi b�e and Lender's security is 1�ot lessened. During such repair and rest�ration period, Lender shal l ha�e�he right�o ha�d such i nsL�rance proceeds iint�� Lender has had an opp�r��ni�y�a in�pect such Pr�perty�o ensure the �vork has bee�� completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse proceeds for the repairs and restora�i�n in a si��g�e pay��nent or i�� a series of pragress payments as t��e �vork is campleted. Uniess an agreement is made in writing or Applicable Law requires interest to be paid op such �nsurance proc�eds, Lend�r shall no�be required to pay Borrower any �nterest�r earnii�gs an such proceeds. Fees for public adjusters, or other third parties, retained by Borrower s��all �-��t be paid ou�of the insurance pr�ceeds and sha�l be the sole obligation of Borrower. If the r�stora�ion �r repair is not economica��y feasible or Lender's security would be lessened,the insurance prflceeds shall be applied to the sums secUred by this Securi�y Ins�ru�r�e��t, vvhether or not then due, wi�h the excess, if any, paid to Borrower. Such insura��ce pr�ceeds sl�all be applied in th� order pr��ided for ii� 5ection 2. If Borrower abandans the Prnperty, Lender may file, negotYate and settle any available insuran�e cla�m and related i�natters. If Borrawer does t�ot respond within 3� days to a notice from Lender that the insurance carrier has offered to settle a claim, then Lender may negotiate and settle the c�aim. The 3�-day periad will begin when the notice is given. In either e�ent, or if Lender acquires the Pr�perty under Sectian 2Z or atherw�s�, Borrower hereby assigns to Lender�a} Borrovver's rights t� any insurance proceeds in a�� a��nount not to exceed the arnaur�ts unpaid und�r the Note ar this 5ecurity lnstrument, and �b� any other�f B�rrovver's r�ghts �other�hart the right to any refund of unearned premiums paid by B�rror�ver} under all insurance po�icies co�ering the Property, insofar as such rights are appl�cable to the co�erage af th� Property. Lender may use the insurance proceeds ei�her to repair or restore�he Proper�y or to pay amounts unpaid under the Note or this Security �nstru��nent, r�vhe�her or not then du�. fi. C]cc u�a ncy. Borrower sha�1 �ccupy, estab�i sh, and use�he Prflperty as Borrower's princi pal resi�ence within �� days after�he execution flf this Security I��strument and shal� con�inue to occupy the Pr�perty as Borrnwer's principal residence for at least one year af�er�he date af occupai-�cy, un�ess Lender otherw�se agrees ii� r�vriting, which co��ser�t shall not be �.��r�asonab�y �vi�hheld, or ut�less extenuating circumstanc�s exist which are beyond Borrower's contr�l. 7. Preservation, Ma�ntenance and Protection af the Property; inspections. Borro�er shall not destray, damage or impair�he Property, allow the Property�o deteriorate or co�n��nit�vaste HCFG-�4359 NEBRASKA-Single Fami[y-Fannie MaelFreddie Mac UNlF�RM INSTRUM�NT Farm 3Q�8 11�1 VM P� �1115 Wal#ers K4uwer Finar�cial Services 2�15�52115,3.2,3549-J2016�712�Y Page 7 of 17 '`92�8637 fi�13*