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�O��QQ54� All insurance 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 mortgagee 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 norices. 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 moRgage clause and shall name Lender as mortgagee and/or as an additional loss payee. In the event of loss, Bonower shall give prompt notice to the insurance carrier and Lender. L,ender may make proof of loss if not made promptly by Bonower. Unless Lender and Bonower otherwise agrce in writing, any insurance procceds, whether or not the underlying insurance was required by Lender, shall be applied to restorarion or repair of the Property, if the restoration or repair is ec:onomically feasible and Lender's security is not lessened. During such repair and restoration period, Lender shall have the right to hold such insurance procceds until Lender has had an opportunity to inspect such Property to ensure the work has been completed to Lender's sarisfaction, provide� that such inspection shall be undertaken promptly. I.ender 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 agrcement is made in writing or ApplicablE Law requires interest to be paid on such insurance proceeds, Lender shall not be re�uired to pay Borrower any interest or earnings on such procceds. Fees for public adjusters, or other third pazties, retainefl by Borrower shall not be paid out of the insurance proceeds and shall be the sole obligation of Borrower. If the restoration or repair is not ec:onomically feasible or Lender's s�urity would be lessened, the insurance procceds shall be applied to the sums secured by this S�urity Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the order provided for in Section 2. If Bonower abandons the Property, Lender may file, negotiate and settle any available insurance claim and related matters. If Borrower does not respond within 30 days to a norice from Lender that the +nc��rance carrier has offered to settle a claim, then Lender may negotiate and settle the claim. The 30-day period will begin when the notice is given. In either event, or if Lender acquires the Properiy under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Bonower's rights to any insurance proce�s in an amount not to excced the amounts unpaid under the Note or this Security Instrumern, and (b) any other of Bonower's rights (other than the right to any refund of unearnefl premiums paid by Bonower) under all insurance policies covering the Property, insofar as such rights aze applicable to the coverage of the Property. Lender may use the insurance proceeds 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 Borrower'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 circumstance.s exist which are beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspectians. Borrower shall not destroy, damage or impair the Property, allow the I'roperry to deteriorate or commit waste on the Properiy. Whether or not Bonower is residing in the Property, Borrower shall maintain the Property in order to prevent the Progerty from deteriorating or de�reasing in value due to its condirion. Unless it is determined p»n��ant to Section 5 that repair or restoration is not ec:onomically feasible, Bonower shall prompdy repair the Property if damaged to avoid fiuther deterioration or damage. If insurance or condemnation proceeds aze paid in connecrion with damage 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-Singls Family-Fannie Mae/Freddfe Mac UNIFORM INSTRUMENT VMP Q Woltare Kluwar Financial Services Form 3028 1/O7 VMPBINE) (1105) Page 7 of 17