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2� 17��3�5 All insurance policies requxred by Lender and r�newals of such po�ic�es sha11 be su��ect t�Lender's right to d�sapprove such polxcxes, sha.�l include a standard mortgage clause, and sha11 name Lender as mortgagee andlor as an addxtronal loss payee. Lender shall have the r�ght to hold the poiicies and renewal cert�f�cat�s. If Lender requires, Borrower sha��promptly g�ve to Lender al.�receipts af paid premiums and renewal notices. If Borrower obtains any form�f insurance coverage, not otherwise required�y Lender, f�r damage to, or destruc�ion af, the Praperty, such policy shall in�lude a standard mortgage c�ause and sha.�l name Lender as mortgagee andlor as an additiona�Ioss�ay�e. In the even�of loss, Borrower sha�I g�ve prompt natxce to the xnsurance carr�er and Lender. Lender may make proof of loss if not made prompt�y by Borr�wer. Unless Lender and Borrow�r otherw�se agree in wr�ting, any insurance praceeds, whether or not the underly�ng insurance was required by Lender, sha11 be applied ta restoration ar repair of�he Property, if t�ie restoration or repa�r is econ�mically feasi�le and Lend�r's securit�is nat lessened. During s�c�i repa�r and restoration per�od, Lender shal�have the righ�to hold such insurance proceeds until Lender Y�as ha�l an opportunity to inspect such Propert�to ensur�the ❑vor�has been completed to Lend�r's satisfactior�, provided that such inspectian shall be undertaken promptly. Lender may disburse proceeds for trie r��airs and restoration in a sing�e payment or in a se�i�s of pr�gress payments as the vvork is completed. Un��ss an agreement is made in writing or Applicabl�--Law requires interes�.�to be paid on suCh insurance prviceeds, Lender sha11 not be required to pay Borrower any interest ar earnings on such proceeds. Fees f�r publ�c adjus�ers, nr oth�r third parties, retained by Borrower shall nat be paid ou�of t.�ie insuran�e proceeds and sha11 be�he so�e obligation of Barr�wer. Zf the restoration or repair is not econom�cally feasibie or Lender's security would be lessened, the insurance proceeds sha�l be applied�o the sums secured by�his Security Ins�rument, whether or not then due, �v�th the excess, if an�, paid ta Earrower. Such insurance proceeds sha�l he applied in the order provided for in Section�. If Borrower abandons the Praperty, Lender may fi1e, negotiate and se�tle any a�ailab�e insurance ciaim and related matters. �f Borrnwer daes not respond within 3�da�s to a notice from Lender that the insuravice carrier has offered ta settle a claim, then Lender may negotiate and settle�he claim. T�ie 3(�-day period yv�I� begin when the notx�e is given. In either event, or if Lender acquires the Property under S��ion 22 or otherwise, Borrawer hereby assigns to Lender�a� Borrower's rights to any�nsurance pro�eeds in an am�unt not to exceed the am�unts unpaid under the N��e ar�his Security Instrument, and(b} any other of Borrower's rights �other than th�right to any refund of unearned premiums paxd by Borrower}under a11 xnsurance pvlicies cov�ring the Proper�y, insofar as such r�ghts are applicable to the coverage of the Pr�perty. Lender may use the insurance proceeds ei�her to repair or restore the Property ar to�ay amounts unpaid under the No�e or this Security Instrumen�, whether or nat then due. �. Dccupancy. B�rrawer sha��occup�, estab�ish, ar�d use the Prop.erty as Borrvwer's p�irici�aal residence w�thin 6�days after�.he execu�.ion�f this Security�nstrument and shall continue to nccupy t�e Praperty as Borrower's principal residence for at least one year after the date of occupanc�, un�ess Lender otherwis� agrees in writing, vvhich consent shall not be unreasonably withheld, ur unXess extenuating circumstances exist which are beyond Borrower's contral. 7, Preservatiar�� Maintenance and Prote�tian vf the Praperty; lnspections. Barrower shall not destroy, damage or impair the Property, a11o�v th�Pro�erty.to deteriorate or comn�it waste on the Property. Whether or not Borrow�r is residing in the Prop��ty, ��rr�wer sha11 maintain the Prop�rty in arder to prev�nt the Property from det�rxorating or decreasing in value due to i�s condition. Uniess it is d�terr�ined pu�suar�t to Sec�ion 5 that r�pair or restoration�s not�cvnomically feasible, Borrawer sha11 promptly r�p�air the�rnpe�ty if damaged to av�xd further deterioration vr damage. If insurance ar condemnati�n proceeds are�aaid in connectian w�th damage to, or the taking of, the Property, Borrower shall be respvnsib��e f�r repair�ng�r restoring the Praper�y only if Lender has r��eased pro�eeds f�r such purposes. Lender may di5�urse proceeds NEBRASKA-Single Famify-Fannie MaelFreddie Mac UNIFQRM�NSTRUMENT Farm 3Q28 9!�1 VMP� VMP6�NE)�1302y Wolters Kluwer FinanciaE 5er�ices Page 7 vf 17