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2� 1 ��9�5 as mortgagee andlor as an additianal loss payee. Lender shall ha�e the right to ho�d the policies and renewal certif icates.If Lender reyuires,Borr�wer shal l promptly g��e to Lender al�rec�ipts af paid premiums and renewal notices.If Borrower obtains any form of insurance co�erage,no�otherwise required b�Lender,for damage tn,or destruction of,the Property, such policy shall inc�ude a standard martgage clause and shali name Lender as martgagee andlor as an additional��ss payee. In the e��nt of lass,Borrower sha11 gi�e prompt notice to the insurance carrier and Lender.Lender may make proof of loss if not made promptly by Barrower.Ljnless Lender and Borrower otherwise agree in writing,any insurance proceeds,whether or not the under�y�ng insurance was required by Lender, shall be app�ied t�rest�ration or repair of the Property, if the r�storation or repair is �conamically feasib�e and Lender's se�urity is not l�ssened.I]uring such r�pair and r�storation period, Lender shall ha�e the right to hold such insurance proceeds until Lender has had an opportunity t� inspect such Pr�perty to ensure the work has been c�mpleted to Lender's satisfaction,pro�ided that such inspection shal�be undertak�n promptly. Lender may disburse proceeds far the repairs and restoration in a single payment or in a series of progress payments as the vvork is c�mpleted. Un�ess an agreement is made in writing or Applicab�e Law reyuires interest to be paid an such insurance proceeds,Lender shal�not be reyuired to pay Borrawer any interest or earnings on such pro�eeds.Fees for public adjusters,or other third par�ies,retained by Borrower sha�l nat be paid vut af the insurance proceeds and shail be the s��e�bligation of Borrov�er. If the restaration or repair is n�t economically feasible or Lender's secur�ty vvau�d be lessened,the insurance proceeds sha�l be applied ta the sums s�cured by this Security�nstrument,whether or nat then due,with the excess, if any,paid to Borrower. Such insurance proceeds shall be app]i�d in the order pro�ided far in Section 2. If Borrower abandons the Property,Lender may file,negotiate and settle any a�ai�able insuran�e claim and related matt�rs.�f Borrower does not respond within 3�days t�a notice firom Lender that the insurance carrier has nffered to seitle a claim,then Lender may negatiate and settle the cla�m. The 3�-day per�od wil� begin�vhen the notice is given. In either e�ent,or if Lender acyuir�s the Pr�perty under Section 22 or otherw�se,Borrower herehy assigns to Lender�a�Borrower's rights ta any insurance proceeds in an amaunt n�t to exceed the amounts unpaid under the Note or this Security Instrument,and(b}any other of Borrower's rights�other than the right to any refund af unearned premiums paid by Borrawer�under all insuranc�palici�s co�ering the Pr�perty, insafar as such rights are appl�cable to the co�erage af the Property.Lender may use the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the Note ar this Security Instrument,vvheth�r or n�t then due. G. �G�upanCy. Borrawer shall occupy,estab�ish,and use the Property as Borrower's principal residence within 6�days after the execution of th�s Security Instrum�nt and shall continue to occupy the Property as Borrower's principal residence for at least one year after th�date�f�ccupar�cy, unless Lender vth�rvvise agrees in writing,which consent sha�l not be unreasonably withheld,ar unless extenuating�ircumstances exist which are beyond Borravver's cantrol. 7. Preservation, Maintenance and Protection of the Praperty; Ir�sp�ctions. Barr�wer shall not destroy,damage nr impair the Property,all�w the Property to deteriarate or commit vvaste on the Property. �V�hether�r nat Borrower is residing in the Property,B�rrawer sha�l maintain the Praperty in order t�pre�ent the Praperty from deteriorating or decreasing in�alue due to its condition. HCFG-�359 NEBRASKA-Single Family-Fannie MaelFreddie Mac 11NIF�RM INSTRLIMENT Fvrm 3�2B 1101 VMP� Q4116 Wdters Kluwe�Financial Services 2D161QDfi'l5.3.2.35�9-J2��fi�42fiY Page 7 of 17 � 3 �