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<br /> All insiu�ance policies rcquired by Lender and renewafs of such policies sl�t�] be subject Co Lender's righC to
<br /> disapprovc such policies, shall include a standard mor[gage cl2use, and shall name Lender as mortgagee
<br /> and/or as an additioqal Ioes pftyee, I.ender sliall l�ave the right to hold che polieies and reuewal cectificates. If
<br /> Lender requires, Boirowei shall piompCly give to Londae all receipts of paid premiums and renewal notices.
<br /> If Borrower oU�iins any form of insurance coverage, �ot oChecwise required Uy Lender, for damage to, or
<br /> destructio�i of, the ProperCy, such policy shall include a standaxd mortgage clause and shall name Lender as
<br /> mortgagce andloc as an additional loss payee.
<br /> Li the event of loss, Borxower shall give prompY noCice to the insux�mce carrier and Lender. Lender may
<br /> nit�lce prc�of oP loss iP not made prompYly 6y Borrower. Unlese Lender and Borrower otherwise agrec in
<br /> writ.ing, any insurance proeeeds, whetlier ot not the u�iderlying insuranr,� was required by Lender, shall be
<br /> applied to restorntion or repa3r of the ProperCy, if the restoration or repair is econon�ically feasible and
<br /> Lender's security is not lesscned. lluring sueh repair and restocation period, Lender shall have tlie riglit to
<br /> l�old such insurance proceeds until Lender has liad an opportui�ity to inspocC such Property to ensura the
<br /> work has been completed Co Lender's sltisfactimi, providecl thaC sueh inspeetion shall be uiiderWken
<br /> promptly. Lender may disburse proceeds for the rcpairs and restoration in n single paymcnC ox in a series of
<br /> progiess p�yments as the work is compleled. LJnless an agreement is made in writing or Applieable I.aw
<br /> requires iiiteresC to be paid on sueh insurance proceeds, Lender shall noC be required to pay Borrower auiy
<br /> interesC or earnings on such proceeds, Fees for publia adjusCers, or other thlyd pnrties, rek»ned by Borrower
<br /> shall not he paid ouC of the insuiance proceeds and shall be the snle obligation of Borrowcr. IP the restoration�
<br /> or repair is not ecouomically feaaible or Lender's seeuriCy would 6e lessened, thc insurance proceeds shall be
<br /> applted to khe sums socured by this Seeurity InsYruinent, wliether or not then due, with the excess, if any,
<br /> paid to Borrowec. Such losurance proeeeds shall be applied in the order provided for in Section 2,
<br /> If Borrower aiba�idons thc ProperCy, Lender may file, negociate and settic any available insurance claim tmd
<br /> related matters. 1P Rorrowar does nnt respond within 30 days to a noticc Prom Lender tli�tt the insurance
<br /> carrier has oPFered tc� settle a claim, then Lender niay ne�;oliate and settle tlie Elaim. The 30-ctay period will
<br /> bagin wlien the noYice is giveu. In eithec evcnC, or if Lender acquires tlie Property Uuder SecCion 22 or
<br /> otherwise,Barrower hereby assigns Co I.ender(a) Borrower's rights to any insorance proceeds in am amount
<br /> not to exceed the amounts unpaid under Che Note or this Security Instrument, and (b) avy other of
<br /> Boxrotvcr's rights (other than Yhe rigl�t to uiy refuiid r�f unearned premiums �aid by Borrower) under a1L
<br /> insuranae policies covering the Proper�y, insofar as sttch riglits are applicable to Ihe coverage of Che
<br /> Property. Lender nuy use thc insurance proeeeds eifliex to repair or restorc the Property or to p1y amounts
<br /> unpaid under tke No&e or [his Seeurity InsYrutnent, whether or not then due.
<br /> 6. Occupancy. Borrower shall oocupy, establisli, and use the Property as Borrower's principnl residence
<br /> wiUziii 60 days aftcr thc execution of this Security Instrument and shall continue to oocupy tl�e Property as
<br /> I�orrower's principa) residence foc at least oiie year after Che date of occupancy, unless Lender otherwise
<br /> agrees in wxituig, which consei�t shall not be unreasonably wiYlilield, or unless extenuaCing eircumstances
<br /> exist wl�icl� are beyond Borrowcr's control,
<br /> 7. Preservation, Maintenance and Protection of the Property; Inspections. Rorrower shall noC destroy,
<br /> d.un.ige or impair the Property, allow the Froperry to deteriorate or commit waste on the Pro�erty. Whether
<br /> or not Borrower ie residing iii Clie Property, Borrower sha11 mainta9n the Property in order to prevent Che
<br /> Property Prom deterioiating or decre�ising in value due to its e�ndikion, Unless it is detern�iined pm�suant to
<br /> SecCion 5 tl�1t repair or restoration is not economically Peasible, IIorcower shall prompCly repair Clte Propecry
<br /> if dunaged to avoid t'urthcr detcrioration or damage. If instu�ance or candemnaCion proeeeds are paid in
<br /> connectic�n with damage [o, or the takipg of, the Property, Bonrower shall be responsible for repairing or
<br /> rescoring the Property oiily if Lender has released proceeds for suel��urposes. Lender may disburse proceeds
<br /> 2400030%
<br /> NEBRASKA-Sin91e Femlly-Fannle Mao/FmAdie Ma�11NIfORM INSTliUMENT Form 3028 I107
<br /> yN�p� VMP6(NE�j11051
<br /> Wolters ICluwer�inancial$ervices P�ee]of 1��
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