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2� 1 ��229 A11 insurance p�li�xes required by Lender and renev5ra��af such po�ic�es shall be sub�ect�.o L.�nd�r's righ�to disappro�e such pol�cies, sha11 include a stau�dard mar�gage�lause, and sha11 nam�Lender as mortgagee andlor as an additional loss paye�. Lender sha��ha�e�he rrght to hold the poii�ies and renewal cer�if}cates. �f L.ender requires, Borravv�r shall promp��give to Lender a�� rece�p�s of paid premiums and renewa� notic�s. �f Barrawer ob�a�ns an�form of insurance c��verage} not otherw�se r�qu�red b�r L.�nder, for damage to, ar des�ructian of, �he Praper�y, such po�ic�sha11 inc�ude a standard mortgage clause and sha11 name L.ender as mor�gag�e andlor as an addit�onal loss pay�e. �n�h�e�en�of�oss, Borrov�rer sha��gi�e promp�notice ta the insurance�arrier and Lender. Lender ma� ma�e pr�of of las� if not made prompt�y by Borrower, IJnle�s Lender and Borr�wer a�herwise agree �n writing, any insurance praceeds, wh�th�r or not the underly�ng insurance�as requir�d b� L�nder, shali b� applied�o restaration�r repair of��ae Praper�y, �f th�restora�ion or repair is ec�nonz�caliy feasib�e and Lend�r's security is n��l�ssene�. Dur�ng such repair and res�oratian peri�d, Lender shali have the right�o hold such insurance praceeds until Lender has had an oppor�uni�y ta inspect such Proper�y tn ensure�he �ark has been comple�ed ta Lender's sa��sfa�t�an, prov�ded that such insp�c�i�n shall be undertaken promp�ly. L,ender may dis�urse praceeds for�he repa�rs and res�ora�ion in a singie pa�ment or�n a seri�s of progress pa�rnents as the vwark is comp�eted. Un�ess an agreement ��mad��n�nrriting or App�icable Law requires interest�o be pa�d an such insuranc�proceeds, Lender sha�� na�be required�o pay Barrovver any interest or earnings on such pro�eeds. Fees far pub�ic adjus�ers, or flther�hird par�ies, retained hy Borrower sha�l ��ot be paid ou��f the insurance proc�eds and shal�be�he sale ob�iga�i�n of Borrower. If the restoration or repair�s not econom�cal�y feasible or Lend�r's secur�ty w�uld b��ess�ned, the insurance proc�eds sha�i be applxed ta the sums secured by this Securi�y Instrum�nt, vvhether or no�then�ue, w��h tl�e excess, if any, paid ta Borr�wer. Such insurance proceeds shal� b�applied in th�order proW�d�d for in 5�ctian 2. �f Borrovw�r abandons �he Proper�y, Lender rnay�Ie, negot�ate and set��any available insurance claim and r��ated maf�ers. �f Barrower does n�t respand wi�hin 3D da�s�n a notice fram Lender�hat�he insurance carr�er has affered to sett�e a claim, �hen Lend�r ma�r n�gatiate and settle the cla�m, The 3D-day period v�r�� b�gin v�rhen�he not�ce is given. In e�ther e�ent, or�f Lend�r ac�uir�� he Property under Se��xon 22 ar otherwise, Borrower hereby ass�gns �� Lender�a} Barrower's r�gh�s t� any insurance proceeds in an amaunt no��o exceed the amoun�s unpaid under the No�e or�his S�cur��y �nstrumen�, and �b} an�o�her af �orr�wer's righ�s �other than the righ�to any refixnd �f unearned premiums paid by Borrawer}und�r a�I insuranc�polic��s co�ering�he Proper�y, �nsofar as such r�ghts are appli�abie to the caverag�of�he Prop�rty. I..�nder may us��he�nsurance proceeds ei�her�o repa�r or r�s�are the Prop�rty or to pay amoun�� unpaid under the No�e ar�his Securi�y �nstrument, whether or na�then due. �. �ccupancy. Borraw�r sha11 occupy, es�ablish, and us�the Property as Borrovver's principa� res�dence within�fl days af�er th�execu�ion af�his Secur�ty Instrument a�d shail can��nue ta a��up��he Proper�y as Bnrrower's princ�pa� residence for a�l�as�one year aft�r�he date of oc�upancy, unless Lender o�herw�s� agrees in vvriting, which consent shall not be unr�asonabiy withh��d, or uniess ex�enuating circums�ances exis�v�hi�h ar�beyond B�rrav�er's�antro�. 7. Preservation, Maintenance and Protectian of the Praperty: Inspections. Borrower sha�� nat des�ro�r, damage or impair the Proper�y, a��ow the Proper�y�o de�er�orate or co�mrni�was�e on�he Proper��. Whe�h�r or not B�rrower�s resid�ng in the Proper�y, Borrov�er shai� maintain�he Property in order to pre�ent the Praper�� from de�eriorating ar decreasing in value d�e to its conditian. Unless it i� de�ermined pursuan�to 5ect�on 5 that repair or restaration xs nat ec�nomica�ly feasible, B�rrav�►�er sha�� prtimp�ly repair the Proper�y if damaged t�avoid fur�her deteriarat�on ar damage. �f insurance or�flndemnation proce�ds ar�paid �n connection with damage to, ar the taking of, �he Pr�perty, Borrov�er shali be respons�ble for r�pairing�r res�oring the Praper�y anly if Lender has re��ased proceeds for such purposes. Lend�r may disburse praceeds N�BRASKA-5fngle Family-Fannie MaelFreddie Mac UNIFQRM 1NSTRl�MENT Form 3a2$71�1 VMP Q VMPfitNE}�1302� Wolters Kluwer Financfal Ser�ices Page 7 of�7