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201200927 All insurance policies required 6y Lender and renewals of such policies shall be subject to Lender's right ro disapprove such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee and/or as an additional loss payee. I.ender shall have the right to hold the policies and renewal certificates. If Lender reyuires, Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any form of insurance cuverage, not otherwise required by L,ender, for damage to, or destruction of, the Property, such policy shall include a standazd mortgage clause and shall name Lender as mortgagee and/or as an additional loss payee. In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lendec Lender may make proof of loss if not made promptly by Borrower. Unless L.ender and Borrower 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 res[oration 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 insurdnce proceeds until Lender has had an oppommity to inspect such Property to ensure the work has been completed to Lender's satisfaction, provided thaz such inspec[ion shall be undertaken prompdy. 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 agreement is made in writing or Applicable Law requires interes[to be paid on such insurance proceecis, Lender shall no[be required to pay Borrower any interest or eamings o� such proc;eeds. Fees for public adjusters, or other third parties, retained 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 no[ economically feasible or L.ender's security would be lessened, the insurance proceeds shall be applied to the suros secured by this Security Instrument, whe[her 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 Borrower abandons the Property, Lender may file, negotia[e and settle any availa6le insurance claim and related matters. If Borrower does not respond within 30 days to a notice from Lender that the insurance carrier has offered to settle a claim, then Lender may negotiate and setUe the claim. The 30-day period will begin when the notice is given. In either event, or if Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to Lender(a) Borrower's rights to any insurance proceeds in an amount ❑ot[o exceed thc amounts unpaid under the Note or this Securiry Instrument, and (b) any other of Borrower's rights (other than the right to any refund of uneamed premiums paid by Borrower)under all insurance policies covering rhe Property, insofar as such rights are applicable to the wverage of the Property. Lender may use the i�surance proceeds either to repair or restore the Property or to pay amounrs unpaid under the Note or this Security Instrument, whether or not then due. 6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within 60 days after[he execution of this Security Instnunent and shall cominue ro occupy the Property as Borrower's principal residence for at least one year afrer the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or wiless extenuating circumstances exist which are beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or impair the Property, allow the Property to deteriorate or commi[waste on the Property. Whether or not Borrower is residing in the Property, Borrower shall maintain t6e Property in order[o prevent the Property finm deteriora[ing or decreasing in value due to its wndition. Unless it is deterniined pursuan[to Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if damageci to avoid further de[erioration or damage. If insurance or condemnation proceetis are paid in connection with damage to, or the taking of, the Property, Borrower shall 6e responsible for repairing or restoring the PropeRy only if Lender has released proceeds for such purposes. Lender may disburse proceeds NEBFASKA-S�gle Pamlly-Fannie Mae/Fretltlie Mac UNIFORM MSTRUMENT Form 3028 1/01 VMP 9 VMPfi(NE�(1105�.00 Wmtere Kluwer Fnancial Services Page 7 of 17