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201200389 All ntsurance policies required by Lender and renewals of such policies shall be suUject to Lender s right to disapprove such policies, shall include a standard mortgage clause, and s1�a11 name Lender as martgagee anrL�or as an additionalloss payee. Lender shall have the right to hold the policics and renewal certificates. If Lender requires, Borrow�r sha11 promptly give to Lender all xeceipts of paid premiulns and xenewal notices. If Borrower obtains any farm of insurance coverage, not otheiwise requircd Uy Lender, for ciamage to, or desh-uction of the Property, such policy shall include a standazd mortaage clause and shall nune Lender as mortgagee and/or as an additionalloss payee. In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may makeproaf o£loss if not made promptly by Borrower. Ualess Le�lder and Borrower otherwise agree in �vriting, any insurance proceeds, whether or not the underlying insurance was required Uy Lender, shall be applied to restorarion or repair of tlie Properry, if the restoration or repair is economically feasible and Lender's security is not lessened. During such repair and restoration period, Lender shall have the right to hold such insurancc proceeds until Lender bzs had an opporhuuty to inspect such Property to ensure the work has been completed to Lender's satisfaction, provided that such inspcction shall be undertaken promptly. Lender may disburse proceeds Por the repairs and resCOrarion in a single payment or in a series of progress paymen,ts aS the work is completed. Unless an agreement is made in wrlting or.Applicablo Law iequires interest to be paid on such insi�rance proceed'a, Lender shall not be requiied to pay Borrowec any interest or eunings on such proceeds. Pees for puYilic adjusters, or other tivrd pazries, retasaed by Borrower shall not be paid out of the insurance proceeds and shall bc the sole obligation of Borrowex. If the restoration or repair is not cconouucalh�feasible or Lender's security would be lessened, the insurance procezds shall be applied to the sums secured by this Security Instrument, whether oz not theu due, with tiie�cess, if any, paid to Borsower. Such insuxance proceeds shall be applied in flie order provided foY in Section 2. If Borrower ab�dons the Propezty, Lender may file, negotiaYe and settle any available�urance claun and related matters. Tf Borrower ddes not respond wIthin 30 days to a notice from Lender that the insurance carrier has offered to seYtle a claim, then Lender may negotiate and settle the claim. The 30-day paiod will begn when the notice is given. In either event, or if Lender acquires the Properiy under Section 22 or otherwise, Borrower heteby assigns ko I,ender(a)Borrower's ribhts to any insurance proceeds in an amounT not to exceed the amounts unpaid under the Note ar this Security Instnunart, and(b) a�other of Borrower's rights(other than thc right to any refund of uncamed premiums paid by Borrower) under all insurance policies covering the Properry, insofar as such rights are applicable to the coverage of the Properiy. Lender may use the insurance proeeeds eithex to repair or restore the Property or to pay amounts unpaid under Che Note or T1us Seeurity Instrument, whether ar not then due. 6. Occupancy. Bcrrrower shall occupy, establish, and use the Properiy as Borrower's principal residencc within 60 days a$er the cxecution of this Security Insirument and shall continue to occupy thc PropBrty as Borrower's principal residence for at least one yeaz after the date of occupancy, unless Lender otherwise agrees in wTiting, which consent shall not bc Lu�reasonably u�ithheld, or miless extenuating circumstances exist which aze beyond Borrowcr's control. 7. Preservafion, Maintenance and Protection of the Property; Inspections. Borrower shall not d�troy, damage or impair the Properh, allow the Property to deteriorate or cominiL waste on the Property. Whether or not Borrower is residing in the Property, Borrower shall maurtain the Properiy in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is detennined pursiiant to Section 5 that repair or restoration is not economically fcasible, Borrower shall proix�ptly repau the Property if damaged to avoid further deterioration or daznage. If ivsurauce or condemnation proceeds are paid in connecrion with damage to, or the taking of, tlie Properiy, Borrower shall be responsible for repairing or restoring the Properiy only if Lender has released proceeds for such purposes. Leuder may disburse procceds za0000sa NEBR4SKA-Single Family-FanNe P4 aelFreotlie M zc UNIFOkM INSiRUM ENT Porm 3028 1/01 vMa r� vn�asMe)(�ias) V✓olters Kluwer Fnancial Services P2ge�of 1]