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� 2� 17��771 A11 u�surance poli�ies required by Lender and renewals�f su�h policies sha�I be subject�o Lender's right to disapprove such palicies,sha11 include a standard mortgage clause, and shall name I.ender as mortgagee andlor as an additiana�loss payee. Lender sha�l ha�e trie right to hold the policies and renewal certificates. If Lender requires, Borrower sha�1 promptly gi�e to Lender a1I receipts nf paid premiums and renewal notices. If Barrower obtains any form of�nsuranCe ca�erage, nat otherwise required by Lender, for damage to, ar destruction of, the Property, such po�ic�sha�I include a standard mortgage clause and sha�1 name Lender as mortgagee andlor as an additioria�Ioss payee. In the e�ent of loss, Borr�wer shall give prompt notice to the insurance car�rier and Lender. Lender may make proof of loss if not m�ade pramp�ly by Borrawer. Unless L.�nder and Borrower othervv�se agree in writirig, any insurance proceeds, whether or not the under�ying insurance was required by Lender, sha�1 be applied�o restorati�n or repa�r of the Property, if�he restora�ion or repair is economically feasibl�and Lender's securiry is not�essened. During such re�pair and restoration period, Lender sha�l ha�e the r�ght to ho�d such insurance proceeds until Lend�r has had an oppartunity�o inspect such Property to ensure the work has been comple�ed to Lender's satisfact�an,pro�ided that such insp�ct�on sha�l be undertaken pramptly. Lender m�ay disburse proceeds for the repairs and restora�i�n in a single payment or in a series of progress payments as the work�s completed. Unless an agreement is m�ade ir�writing ar Applicab�e Law requires interest to be paid on such u�surance proceeds, Lender sha1�not be required to pay Borrawer any interest or earnings an such proceeds. Fees for public adjust�rs, or ather third part�ies, retain�d b�Barrower sha11 not be paid out of the insuranCe procce��eds and sha�l be the sale abligat��n of Borrower. �f the restoration or repa.ir is nat economicaily feasible nr Lender's security wauld be lessened, the insurance proc�eds sha�.1 be app�i�d ta the sums secured by thzs Security Instrument, whether or n�t th�n due, with the excess, if any, paid to Borraw�r. Su�h insurance praceeds sha11 be applied 'u�the order pro�ided far in Sectiun 2. If Borrawer abandons the Praperty, Lender m�ay f�le, negotiate and settle any a�a�lable insurance claim and re�a�ed m�atters. If Borrower does not respond within 3�days to a notice fr+om Lender that the insurance carr�er has offered to settle a claim, then Lender may negotiate and settle the claim. The 3�-�day period wil� beg�n when the notice is gi�en. In either e��nt,ur if Lender acquires the Property under Section Z2 or otherwise, Borrower hereby assigns to Lender(a}Barrawer's righ�s to any insurance praceeds�n an amoun� nat to exceed the amoun�s unpa�d under the Note or this Secur�ty Instrument, and�b}any nther of Borrower's rights(other than the right to any refund of unearned premiums paid by Borrawer}under a�l insurance palicies co�ering tlie Property, insofar as such rights are applicable to the co�erage of the Property. Lender may use t�ie insurance praceeds ei�her t�repair or restore the Properry or to pay amaunts unpaid under trie Note�r this Security Instrument, whether or not then due. 6. �Gcupancy. Barrower sha�l occupy, establish, and u.se the Property as Barrawer's principal residence within 6[�days after the execution of this Security�nstrument and sha11 continue to vccupy tne Property as Borrower's principal res�dence for at�east one year after the d.ate of accupancy, unless Lender otherwise agrees in writing, which consent shail not be nably withh��d, ar unless�xtenuating cu-cumstances exist vvhich are beyond Borrower's control. 7. Preser�ation. Ma�ntenance and Protection of the Property; Inspections. Borrower sha�l not destray, damage ar impair the Property, a11ow the Property ta deteriorate�r commit waste on the Property. Wheth�r or not Borrower is residing in�he Property, Borrower sha11 ma�inta�.n the Properfy in arder to pre�ent the Property from deteriorati.ng or decreasing in�alue due tv its condition. Un1�ss it is d�ternuned pursuant to Section 5 that repair or restoration is nat ecc�nomical.�y feasible, Borrower shal�promptly repair the Proper�y if dana�aged to a�nid further deterioration or damage. If uisurance or condernnation proceeds are paid i.n cannection with damage to, or�he taki.ng of, �he Property, Borrower shall Ue responsibl�for repairuig ar restoring�he Property only if Lender has released proce�ds for such purposes. Lender may disburs�proceeds NEBRASKA-Singie Family-Fanrne MaelFredd�e Mac UNIFDRM INSTRUMENT Form 3028 1101 uNlP g VMPfitNEj i1382f.Q4 Wo�ters Kluwer Financial Ser►��ces Page 7 of 17