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2� 1 ��8�72 AI� insurance policies requir�d by Lender and renewa�s of such polic��s sha�l be sub�e��o Lender's right to disappr��e such pol�cies, sha�� n�Iude a standard mor��age clause, and shal�nam� Lend�r as mar�gage� andlor as an addi�ional los�pay�e. Lender shal�have�he r�gh��a hoid�he po�icies and renewa� cer�ificates. If L�nder requ�res, Borrower shal�promptly give�o I.�:nder a�l rece�pts of paid pr�rniums and renewal no�ices, If Borrov��r obtains any f�rm of insurance coverage, no��therwise required by Lend�r, for damage�o, or des�ruction of, the Praper�y, such pol�c�r sha�� ine�ude a standard mortgage clause and shall name Lender as mortgage�andlor as an add�t�ona��os�payee. �n�he e�en��f 1oss, B�rrower sha��g�ve praxnp�n��i��to th�insura�ce carrier and Lender. Lender may make proof of loss �f not made pramp��y��Borrow�r. Unless Lender and Borrawer otherwise agree in writing, any �nsurance prac�eds, whe�her or n�t the und�rly�ng �nsurance�vas requ�red b� Lender, shal�be app�ied�� r�stora�ion or repair of the Propert�, if�he restorat��n or repair�s ecanom�cal�y feas�b�e and Lender`s secur�ty is no��ssened. During such repair and restoration per�od, Lender sha�l have the righ�� ho�d such insurance proceeds un�x� L.�nder�as had an apportun��to inspec�.such Proper�� to ensure the work has been comp�eted to I..,ender's satisfaction, prav�ded tha�such insp�c�i�n shall be undertaken �romptly. Lender may disburse proceeds for the repairs and restorat�on�n a single payment ar in a series af progress paymen�s as �he work is com�le�ed. Un�es� an agreem�n�is �nade�n writ�ng or App�icable Law requ�res interest�o be paid an such insurance proceeds, I.�nder sha��no�be required to pay Borr�v�er any in�erest or earnings on su�h proceeds. Fees for pub��c adjus�ers, or o�her�hird part�es, re�ain�d by Barrawer shall na�be paid out af�he insurance proceeds and sha��be the sale ob��ga�ion of Borra�nrer. �f th� r�staration or repair is no�ec�namically feas�b�e or Lender's secur�ty�vou�d be lessened, �h� insurance praceeds sha11 be appiied to th�sums secured�by�his Seeurity �instrun-�en�, v�he�her or no�then du�, with�he exce�s, if any, paid to Borrawer. Such �n�urance proce�ds sha��be app��ed�n the arder provided for in Section 2. �f Borrower abandans �he Prop�rty, Lender may fi�e, neg�t�ate and settle any a�ra�lab��nsurance ciai�n and rela��d ma�ters. If Borrov�er does n��respand v�r��hin 3�days to a n��ice from Lender that the insurance carrier has offered to settle a claim, th�n Lender ma�r negotiate and se�tle�he�laim. The 3fl-day period wi1� ��gin when the na�i��is g��en. In ei�her event, or if L�:nder acquires��.e Prop�r�y un�er 5e��ion��r o�herw�s�, B�rrawer herehy assxgns t� Lender�a} Borrower's rights ta any insurance praceeds in an amount n��ta ex�eed the amaunts unpaid under�he Note or th�s Securit��nstru�men�, and �b} any other af Barrower's rxghts �other�han�he right to any r�fund of unearned premiums pa�d by Borrawer}under alI xnsurance policies covering the Pr�per�y, ��asafar as such righfis are applicable to�h�coverage Qf th� Praper�y. I.ender may use�he�nsurance proceeds e�ther�o repair or res�nre the Property�r ta pay amaunts unpa�d under the Note or this Security Instrumen�, whe�her or not th�n due. �. []ccupancy. BorrQ�rer sha��c�upy, ��tabl�sh, and use the Property as Borrow�r's principa� residence v�rith�n 6�days after the execution of th�s Se�ur��y �ns�rument and sha11�on�inue�a occupy the Praper�y as Borrower'�principa� res��en�e for a��eas�one year aft�r the da�e of occupan�y, unless Lender�therv�r�se agrees in writing, which c�nsent�hali not�e unreasonab�y withheld, ar unless ext�nuat�ng circumstances exist which are beyond Borrov�er's c�ntrai. 7. Pr�s�r�ation, MaintenanGe and Protect�on �f the Praperty; Inspect�ans. Borr�wer sha�� not des�ray, damage or impair the Praperty, allow�he Praper��r to d�t�ri�ra�e or comm�t waste on the Proper�y. 'L�h��her or not Borrower is residing in the�'roperty, Barr�wer shall maintain�.he Property in order�o pre�en�the Property fram de�eriarat�ng or decr�asing in va�ue due to its condit�on. Un�ess it is de�ermxned pursuant to Sec�ion 5 tha� repair ar rest�ra�ron is nat e��nomically f�as��e, Borrower shaJ.� promptly repair the Praperty if damaged�o avaid further deter�ora��on or damage. �f insurance or candemnation proceeds are paid�n connection w�th damage to, or the tak�ng af, the Proper��r, Borrower shai�be respons�ble for repairing or restoring the Propert�only �f Lender has reieased pr�ceed� f�r such purpos�s. Lei�der may d�sburse proceeds N�BRASKA-5ingle Fami�y-Fannie MaelFreddie Mac UN1FQftM INSTRUMENT F�rrn 3028 114"� VMP QQ VMPfi�NEJ{i 3Q2f Wofters Kluwer Financia!5er�ices Page 7 of i 7