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2� 1 ��429� A�� nsurance pol�cies r�quired by Len�er and renewals of such poiic�es sha11 be sub�e��to Lender's ri�ht to disappra�e su�h policies, shal� �nclude a standard mortgage clause, and shali nam�Lender as mortgagee andlor as an addi�ional l�ss payee. Lender sha�l ha�e the righ�to h�ld the policies and renewa� cer�xf�cates. If L�nder requir�s, Borrower sha��promptly g�ve to Lender all re�e�pts of paid premiums and r�newa� natz�es. If B�rr�wer ob�ains any form of insuranGe covera�e, no�otherwise requ�r�d by Lender, for damage to, or destruc�i�n nf, �he Property, such po��cy sha�l include a standard mor�gage clause and shall name Lend�r as mor�ga�e�andlor as an additional ioss payee. �n the e�ent af Ioss, Borr�wer shall give pr�mp�no�ice t� the�nsurance carrier and Lender, I�:nder may make proof of loss if not made pronap��y�y Bflrrower. Un�ess Lender and Borrower otherv�rise a�ree �n wri�ing, any insuranc�proceeds, v�heth�r or no��he underlying insurance was requ�red�y L.end�r, sha�i be app�ied to restoration or repair of the Property, if the restoration or repair is economica�iy feasibl�and L.�nder's secur�ty �s not Iessened. Dur�ng such repa�r and re�toratian peri�d, I.ender shali ha��the ri�ht �o ho�d such insurance proc�eds unt�I Lender has had an oppor�un��y to inspect such Property to�nsur��he vvork has been completed�o Lender's satisfaction, provided tha�such inspectian shal� b�undertaken promp��r. Lender ma�disburse proceeds for the repairs and res�ora�ian in a single payment or in a series�f pragress payments as the work is comp�eted. Un�ess an a�r�emen�is made in wri�ing or Appl�cab�e Law requ�res interest to be pa�d on such �nsuranc�proceed�, L�nder sha�� nat be required to pay Borro��er any interest or earnings on such proceeds. Fees for pubiic ad3usters, or other�hird parti�s, r�tained by Borr��er sha�� no�be paid ou�of�he insuranc�pr�ceeds and sha��be the so�e o�ligation of Barrower. �f the restorat�on or repair is no�ec�nomica�ly feasibie or L.�nder'� se�uri�y vvauld be�essened, the insurance proceeds shal� be applied t� the sums s��ured by th�s Secur�ty Instrument, v�he�her or not�hen due, with�he e�cess, �f any, paid ta Borrav�er. 5uch ��surance proceeds �hall�e applied in the order prfl��ded for�n Sec��on�. ��Borrov�er a�andons the Property, Lender may fil�, negot�ate and set�Ie a�� a�ai�ab�e insurance claim and rela�ed matters. �f Barro�ver does not r�spond v�rith�n 3�da�s to a n�ti�e from Lender�hat the�nsuranc� carrier has offered ta sett�e a cia�m, then Lender ma��negat�ate and s�ttie�he cla�m. The 3�-day period vvill be��n wh�n the no�ice is g�ven. In ei�her�vent, or�f Lender acquires the Property under Sec�ion 22 flr other��ise, Bflrrower hereb� assi�ns�o Lender�a� Borrov�rer's r�ghts to any insurance proceeds in an amoun� no�to exce�d the amounts unpa�d und�r the No�e or�h�s S�curity �nstrum�nt, and �b} an� o�her of Barrov�rer's rights �ofiher than�he r�ght�o any refund of unearned premiums pa�d b�Borrower}under ail �nsurance polic�es cover�ng�he Property, insofar as such righ�s are appl�cable to�he coverage of the Pr�perty. Lender ma�use the insurance proc�eds either to repair or restore�he Proper��or�o pa�amnunts unpaid under the N��or�his Secur��y Instru�nent, wh�th�r or n�t th�n due. �. ��cupancy. Borrower shal� occupy, establish, and use the Proper�y as Borrower's principal residence wi�hin 60 days after the execution af�his Secur�ty �nstrumen�and shall continue to occupy the Proper�y as Borr�wer's pr�nc�pa� r�sidence for a��east one year af�er the date of oc�upancy, unless I�ender otherwise agrees �n wri�ing, whi�h cansen�shal� nat b�unreasonably withheld, or uniess ex�enuating�ircum�tances exist�hich are beyond Borrower's cantrol. 7. Preser�atian, Maintenance and Protection af the Prvperty; Inspections. Borrower shail nflt des�roy, damage�r�mpair the Proper�yy atlavv the Proper�y to de�eriorate or com.mit was�e on th� Propert�, �he�her or not Borrower is res�ding �n�he Pr�perty, B�rrov�er shall main�ain the Prop�r�y in or�i�r to prevent the Proper�y fron�deter�orating or decreasing �n wa�ue due to �ts�anditian. Unless it�s de��rm�ned pur�uant to Sec�ion 5 that repair or r�staration is not econamica�ly feasib�e, Borrower sha��promptly repair the Praperty if dam.aged ta a�oid fur�her d��eriora�ian or damage. If insurance or canden�a�ian proceeds are paid �n connection with damage��, or the�aking of, �he Prop�r�y, Borrou�er sh�li be responsible for repairing or res�aring�he Praper�y only if L,ender has released proceeds for such purposes. Lend�r may d�sburs�prace�ds NEBRASKA-Single�amity-Fann't�Mael�redtiie Mac l3NfF�RM tNSTRUM�NT Farm 3��8 11�1 VMP[} VMPfitN�)ti 3�2y Wolters Kluwer Financiai Ser�ices Page 7 v#3 7