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201201755
<br /> All insurance policies required by I.ender and renewals of such policies shall be subject to I.ender's rigUt to
<br /> di.sapprove such policies, shall include a standard mortgage clause, and shall name Lznder as mortgagee
<br /> and/or as an additional loss payce. Lender shall Lave the right to hold the policies and renewal certificates, ff
<br /> Leadet requires, Borrower shall pro�fly give to Lender all r�eipts of paid premiums and renewal notices.
<br /> If Borrower obtains any form of+nc�,ra„ce coverage, not otherwise required by Lender, for damage to, or
<br /> desriuction of, the Property, such policy shall include a standard mortgage clause and sLall name Lender as
<br /> mortgagee and/or as�additional loss pay�.
<br /> In the event of loss, Borrower shall give prompt nodce w the insurance carri¢r and Lender. I.ender may
<br /> make prooF of loss if not made pro�Uy by Borrower. Uniess Lender and Borrower otherwise agree in
<br /> writing, any inm�ranrp proceeds, whether or not the uoderlying insurance was required by Lender, shatl be
<br /> applied to restoration or repair of the Property, if the restoration or repair is�nomically feasible and
<br /> Lender's security is not lessene�. During such rcqrair and restorarion period, Lender shall have the right to
<br /> hold such inenranrm prp�g�yn�jl I,ender]�ag]�ad yn pPPprtunit},Ip jnsp�t su�g plopert},to ensiue the
<br /> work�s been completed to Lender's satisfaction,provided that such inspecrion shall be undertaken
<br /> promptly. Lender muy disburse procceds for the repairs and restoration in a single payment or in a series of
<br /> progress payments as the work is completed. Unless an agr�ment is made in writing or Applicable Law
<br /> requires interest to be paid on such;++m,�rP proc�ds, Lenaer shall not 6e required to pay�rrower mry
<br /> interest or eatnings on such procxetis. F�for public adjusters, or other tbird parties,retained by Borrower
<br /> shall not be paid out of the in�„��,pro���be�e sole ohligation of Borrower. If the restoration
<br /> or repair is�t economically feasible or Iznder's s�urity would be lessened, the+nc�,ran�p���s shall be
<br /> applied to the sums secur�by tUis Security Iastrument, whetha or not then due, with the eaccess, if azry,
<br /> paid to Borrower. Such;n�,ra�rP pro�s�be appli�in the order provided for in Sec[ion 2.
<br /> If Horrower ab�dons the Property, Iender may file,negotiate and settle any available;n�,*�++rP claim and
<br /> related matters. If Borrower does not respond witbin 30 days to a notice from Lender tUat the insuwnce
<br /> carrier has offered to seffie a claim, then I.ender may negotiate and settle the claim. The 30aiay period will
<br /> begin when the notice is given. In eitha event, or if Lender acquires The Properry under Sectian 22 or
<br /> otherwise, Borrower hereby assigns to Iznder(a)�rrower's rights to any insurance proceeds in an amount
<br /> not to exceed the amounts impaid unda the Note or this Security incm,�„a„+, �ro) ffiy other of
<br /> Borrower's rights(other than the right to azry refund of unearned premiums paid by�rrower)under all
<br /> inc�iran�pp]1C1CS COV0t1IIg[fiC PiOPBi[3',insofar as such rigUts are applicable to the coverage of the
<br /> ProPerty. 1Jender may use the;n�,*pn�P proc�ds either to repair or restare the Property or to pay amounts
<br /> unpaid uuder the Note or Uris Security Instmment, whether or not then due.
<br /> 6. Occupancy. Borrower shall occupY, establish, and use the Property as Borrowa's principal residence
<br /> within 60 days after the eacecurion of tlus Security Instmment and sLall continue to occupy the Property as
<br /> Borrower's principal residence for at least one year after the date of occupancy,unless Lender otherwise
<br /> agrees in writing, wlrich consent shall not be unreasonably withheld, or unless extenuazing circumstances
<br /> exist wlrich are beyond Horrower's control.
<br /> 7. Preservation, Meintenence and Protection of the Property; Inspections.Borrower shall not destroy,
<br /> damage or impair the Property, allow the Properry to deteriorate or commit waste on the Properiy. Whether
<br /> or not Borrower is residing in the Property, Borrower s6e11 maintain the Proper[y in order to prevent the
<br /> Property from deteriorating or decreasing in value due to its condition. Unless it is determined pursuaot to
<br /> Section 5 that repair or restoration is not eronomically feasible, Borrower shall promptly repair the pmperty
<br /> if damaged to avoid further deteriontion or damage. If insurance or condemnation proc.�ds are paid in
<br /> conn�tion with damage to, or the taking of, the Properiy, Borrower shxll be responsihle for repairing or
<br /> restoring the Property only if Lender has released proc�s for such purposes. Lender may disburse procceds
<br /> NEBIiASKASingle Famlly-Fennie Mee/F�etltlie Mec UNIFONM INSrRUMENT iorm 3028 1/01
<br /> VMP� VMPfi1�1E111106).00
<br /> Woitere Kluwer Finendal Sarv�av Psge 7 ot 17
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