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201200170
<br /> All insurance policies rec�uired Uy Lender anc�renewals of such policies sha11 be subject to Lender's right to
<br /> disapprove such policies, sha11 include a standard moi•tgage clause, and sh�ll naine Lender as inortgagee
<br /> and/or as an additional loss payee. Lender shall have the riglit to hold the policies and ranevval certificates. If
<br /> Lender requires, Borrower shall promptly�ive to Lender all receipts of paid premiums and renewal notices.
<br /> If Borrower obtains any form of insurance coverage, not otherwise required by Lender, for d�mage to, or
<br /> des�ruction of, tlie Property, such policy shal� iizcllide a standard rno�•tgage clause and shall name Lender as
<br /> mo�tgagee and/or as an adclitional loss pay�e.
<br /> In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender, Lender may
<br /> malce proof of loss if iiot inade proinptly by Borrower. Unless Lender and Borrower otherwise agree in
<br /> writing, any insurance proceeds, whether or not the underlying iiisurance was req�iired by Lender, sliall be
<br /> applied t�restioration or repair of the Pro�ei'ty, if�he restoratioil or repair is econoinically feasible and
<br /> Lender's security is not lessened. During such repair and restoration period, Lender shall have the right to
<br /> hold such insurance proceeds until Lender has had aii opportunity lo inspect such Property to ensure the
<br /> work has been coinpleted to Lender's satisflction, provided th�t sucll inspection shall be undertalcen
<br /> proinptly. Lender inay disUurse proceeds For tlze repaii•s aild restoration in a single payinent or in a series of
<br /> progr�ss payinen�s as Ehe worlc is coinpleted. Unless an agreelnenti is inade in writiilg or A�pl'rcable Law
<br /> requires iiiterest to be paid on such insurance proceeds, Lender shall not ve required to pay Bort•ower any
<br /> interest or earnings on such proceeds. Fees for public adjusters, or other third parties, ret�inecl Uy Boriower
<br /> sh�ll not be paid out of the iizsurance�roceeds and shall be the sole obligation of Boriower. If the restoration
<br /> or rep�ir is not economically feasible or Lender's security would Ue lesseneci, tlie insurance proceeds shall Ue
<br /> applied to the st�ms secured by this �eeurity Instrurnent, whether or not then due, witlz the excess, if any,
<br /> paid to Borrower. Such insurance proceeds shall be ap�lied in the order provided for in Section 2.
<br /> If Iiorrower abandons the Property, Lencler inay file, negotiate aiid settle any availaUle insurance claiin and
<br /> related matters. If Bori•ower does not respond within 30 days to a notice fi•oin Lender that the insuraiice
<br /> carrier has offered to s�ttle a claun, then Lender may negotiate and s�ttla the claim, The 30-ctay period wi11
<br /> begin when the iiotice is given. In either event, or if Lender acquires the Property under Section 22 or
<br /> otherwise, Borrower liereby assigns to Lender(a)Borrower's rights to any insurance proceeds in an ainount
<br /> not to exceed the aulounts unpaid tulder the Note or this,Security I��stirtiiine�zt, a�ld(b) any other of
<br /> Borrower's rights(other than the right to any refund of unearned premiuins paid by Borrower)under all
<br /> insurance policies covering t17e Pro�erty, insofar as such rights are applicaUle to the coverage of the
<br /> Property. Lender ii1�y use the insurance proceeds either to repair or restore the Pi•operty or to pay amounts
<br /> unp�id uuder the Note or this Security Instrument, whe�her or not then due.
<br /> 6. OecupanCy. Borrower skall occupy, establish, �nd use the Property as Borrower's principal residence
<br /> within 60 days after the execution oF this Sect�rity Instruinent�nc1 shall continue to occupy the Property as
<br /> Borrower's principal residence for at least one year after t11e dlte of occupancy, unless Lencler otherwise
<br /> agrees in writing, whicll consent shall not be unreasonably withlield, or tuiless extenuatiiig circuiilstances
<br /> exist which are beyond Borrower's control.
<br /> 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy,
<br /> dlinage or impair the Pro�erty, allow the Property to deteriorate or conunit waste on the Property, Whether
<br /> or not Borrower is residiiig in the Property, Borrower shall maintain the Property in order to�revent the
<br /> Property froin cleteriorating or decreasing in value due to its condition. Unless it is cieternuned pLtrsuant to
<br /> Section 5 that repair or restora�ion is i7ot ecoi�omicarly Leasibl�, Borrower sha11 protnptly repair the Property
<br /> if clasn�ged to avoid furthei deterior�tion or dlmage. If insurance or coi�demnatiioi�proceeds are paid in
<br /> coimection witli dainage to, or the talcing of, the Property, Borrower shall Ue responsible for repairing or
<br /> restoring the Property only if Lender lias rele�sed proceeds for such�urposes. Lender inay clisUurse proceeds
<br /> 24000026
<br /> NEBRASKA-Single Family-Fannfe M ae/Fredtlie Mac UNIFORM INSTRUM ENT Form 302II 1109
<br /> VMP O VM P6(NE)(1105)
<br /> Wolters Kluwer Financlal Services Page 7 of 17
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