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s 2� 1 �� 12� AII i�surance polic�es r�qu�red h� Lender ar�d ren�wa�s of su�h po�zc�es shall be su��ect to Lender's right�o disappro�e su�h policies, shal� �nclud�a standard mor�gage clause, and sha�� name Lender as mortgagee andlor as an a�ditiona� loss paye�. L�nder sha11 ha�e�he r��h�to hold the pol�c�es and ren��a� �ert�fica�es. If Lend�r requ�res, Borrower sha�i promptiy g��e t� L�nder all re�eipts of pa�d premiums an�ren��ai notices. �f Borro�r�r ob�ains any form of insuranc�coverage, not otherwise requ�red b�Lender, f�r damage�o, or destructian of, the Proper��, such policy shall inc�ude a s�andard martgage clause and sha��name I�nder as mor�gagee andlar as an addi�ionai loss pa�ee. �n the e�ent of loss, Borrov�rer shal� g�ve prompt not��e to the�nsurance carrier and Lender. Lender m.a� make praaf of loss if not made prom�tiy b� Borrower, t]nless Lender and Borrawer atherw�se agree�n writing, any i�surance proceeds, wh�ther or n��he underly�ng insuranc�was required�y Lender, shal� b� applied�o restaration or repazr of�he Praperty, �f�he rest�ra�i�n or repair�s�conamzcally feasi�le and Lender's s�Curi�y �s na�I�ssened. During such repair and res��ra�ion period, Lender shal�have�he righ�to h��d such insurance proceeds unti� Lender has had an oppartunity to �nspec� su�h Praperty to ensure�he work has�een c�mple�ed�o Lender's satisfact��n, pro�ided that such �nspe��ion shal�be under�aken pr�mptl�. Lend�r ma�disburse proceeds f�r�he repairs and restoration in a single payment or in a ser�es of pragre�s payments as�he tivQrk is comp�eted. Unless an agreement is mad� �n writing or Applicab�e Law requires interes�to be paid on such insuran�e proc�eds, Lender sha�� nat be r�quir�d to pa�Borrower any interes�or earnings�n such praceeds. Fees for pu��ic adjust�rs, or a�her third par�ies, retained b�Borrov�er shal� nat be paid out�f�he insurance proceeds and shall be th�so�e obl�gat�on��Borrower. �f the restora��on or repair�s n�t economical�y feasib��or Lender's se�ur�ty wou�d be lessened, the in�urance proceeds shall�e appl ied t��he sums secur�d by this Security �ns�rumen�, whether ar no�then due, with�he excess, �f any, paid to Borrower. Such insurance pro��eds sha�l be applied �n the order provided for in Section 2. If B�rrower ahandons�h�Praperty, Lend�r may �ile, n��o�iate and set��e an� a�a�iabie insurance c1a�m and re�ated matters. If Borrovv�r does n��respond vvithin 3�da�s�� a not��e fram Lend�r that�he znsurance �arrier has offered t� settle a c�aim, �hen Lender may nego�ia�e and settle�he c�aim. The 3��day period vwi�l b�g�n vvhen�he notice is gi�en. In e�ther e�rent, or if Lender acquires�he Prop�rt�under Section�2 or oth�r�vise, Borrower h�reby assigns to �...�nder�a} BorrovUer's r�ghts�o any insurance proceeds in an amount no��a exc��d the amoun�s unpa�d under�he N'��e or this Se�urity �nstrument, and�b� any ot�er of Barrower's righ�s ��her�han�he r�ght�o an� r�fund of u�.earned premiums paid�y Borrower} und�r al� �nsurance poi�cies co�er�ng the Proper�y, insofar as such righ�s are appl�cabl�to the coWerage o�`�h� Proper��. Lender ma�use�he insurance pro�eeds either to repair�r restore the Proper��r to pay am�unts - unpaid under the No�e or thi� Secur�ty Instrumen�, wh��her�r no�then due. �. �c�upancy. Bflrrower shall oc�upys es�ab�ish, and use the Proper��as Borrower's princ�pal res�den�� within 6�days after the ex�cut�on of�his Security �ns�rument and shali continue�o occup� �he Proper�y as Barrov��r's princ�pa�res�dence for at��as�one�r�ar after�he da�e of ac�upancy, unless Lender�therwise agrees ir�wri��ng, wh�ch cansen�sha��n�t be unr�asonably w��hhe�d, ar un�ess e�tenua�ing c�r�ums�ances �xist wh�ch are be}�ond Borro�ver's�ontro�. 7. Preservativn, Maintenan�e and Protection of the Praperty: �nspect�ons. Borrov5rer shall na�des�r�y, damag�ar�mpair the Property, a�iaw the Proper�y to de�eriorate ar commit was�e on the Property. �hether �r na�Borrower is resxd�n� in the Proper��r, Borrov�aer shall mainta�n the Prflper�y in arder to preven��he Prop�r�y frflrn deteriora�ing�r decreasing �n vaiue due ta �ts�ondit�on. I)nless �t is d�t�rmined pursuan�to Sect��n 5 that repair ar r�s�ora�ion �s n��conomica��y feasi�le, Borrow�r sha�i promp��y repair the Property _ if damaged to a��id fu�her deter�oration or damage. �f insuran.ce ar c�ndemnat�on proceeds are paid in c�nnectian w�th damage ta, or�he�aking of, �he Property, B�rr�v�er shaii be respons�ble for repa�rin��r r�s�or�ng the Property only if Lender has released proceeds for such purp�s�s. Lend�r m�.ay disburse��oceeds N�BRASKA-S�ngle�amiiy-�annie MaelFreddie Mac UNIFORM INSTRUM�NT �arm 3D�8 i1D1 VMP� VMPs�NE;��302f Walters Kluwer�inancial 5er�ices Page 7 af 17