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201200513 All insuranee policies required by Lender and renewals of such policies shall be subject to Lender's right to disapprove such policies, shall include a standazd mortgage clause, and shall name Lender as mortgag� and/or as an additional loss payee. Lender shall have the right to hold the policies and renewal certificates. If Lender requires, Bonower shall promptly give to Lender all receipts of paid premiums and renewal notices. If Bonower obtains any form of insurance coverage, not otherwise required by Lender, for damage to, or destruction of, the Property, such policy shall include a standard mortgage clause and shall name Lender as mortgagee and/or as an additional loss pay�. In the event of loss, Borrower shall give prompt notice to the insurance cazrier and Lender. Lender may make proof of loss if not made promptly by Bonower. Unless Lender and Bonower otherwise agree in writing, any insurance proceeds, whether or not the underlying insurance was required by Lender, shall be applied to restoration or repair of the Property, if the restoration or repair is economically feasible and Lender's se�urity is not lessened. During such repair and restoration period, Lender shall have the right to hold such insurance proceeds until Lender has had an opportunity to inspect such Property to ensure the work has been completed to Lender's satisfaction, provided that such insp�tion shall be undertaken promptly. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. Unless an agr�ment is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not be required to pay Borrower any interest or earnings on such proc.e�ds. Fees for public adjusters, or other third parties, retained by Bonower shall not be paid out of the insurance proceeds and shall be the sole obligation of Bonower. If the restoration or repair is not economically feasible or Lender's s�urity would be lessened, the insurance proceeds shall be applied to the sums s�ured by this S�urity Instrument, whether or not then due, with the excess, if any, paid to Bonower. Such insurance proceeds shall be applied in the order provided for in Section 2. If Borrower abandons the Property, L:ender may file, negotiate and settle any available inM�ran� claim and related matters. If Bonower daes not respond within 30 days to a notice from Lender that the insurance carrier has offererl to settle a claim, then Lender may negoriate and settle the claim. The 30-day period will begin when the notice is given. In either event, or if Lender acquires the Progerty under Se,ction 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights to any in��rance proc�ds in an amount not to exceed the amounts unpaid under the Note or this Security Instrument, and (b) any other of Bonower's rights (other than the right to any refund of unearnerl premiums paid by Borrower) under all insurance policies covering the Property, insofar as such rights aze applicable to the coverage of the Property. Lender may use the insurance praceeds either to repair or restore the Property or to pay amounts unpaid under the Note or this Security Instrument, whether or not then due. 6. Occupancy. Bonower shall occupy, establish, and use the Property as Bonower's principal residence within 60 days after the execution of this Security Instrument and shall continue to occupy the Property as Bonower's principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances e�st which aze beyond Borrower's control. 7. Preservation, Maintenance and Protect�on of the Property; Inspections. Bonower shall not destroy, damage or impair the Property, allow the Property to deteriorate or commit waste on the Property. Whether or not Borrower is residing in the Property, Borrower shall maintain the Property in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that repair or restoration is not economically feasible, Bonower shall promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or condemnation procee�s are paid in conn�tion with daznage to, or the taking of, the Property, Bonower shall be responsible for repairing or restoring the Property only if Lender has released proceeds for such purposes. Lender may disburse proceeds NEBRASKA-Single Family-Fennie Mae/Freddle Mac UNIFORM INSTRUMENT Form 3028 7/01 VMP � VMP6(NE) 11106) Wokers Kluwer Flnancial Services Page 7 of 17