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201201757 A11 insurance pollcies reqnired Uy Lender�d renewals of�uch policies shall be subject to Lender's right to disapprove such policies, shall include a standard mortgage clause, and shall nunc Lender as mortgagee and/or as an adclitional loss payee. Lender sball have the rigl�t fo hqld the policies and renewal certificates_ [f Leader requires, Bo�owex shall pramptly give to Lznder all recelpts of pud premiums and renewal notices. If Borrowcr oUtains any form o£insurance coverage, not otherwise requu ed by Lender, for damage to, or destruction of, the Property, such policy shall include a standard�nortgage claL�se and shall name Lender as mortgagee and/or as an additional loss payee. In the event of loss, Sorrower shall gine prompt nolicc to the insurancc carrier and Lcnder. Lender may make proof of loss if not iiiade promptly 6y Borrower. linless Lender and I3orrower oth�wi,e agree in �vriting, any insurance proCeeds, wl�ether or noC the underlying insurance was required by Lender, shall be applied to restorauon or repair of the Property, if the restoration or repair is economically feasible and Lender's secwity is not lessened. During such repair and restorarion period, Lender shall have the rigJrt to hold such insurance proceeds until Lender has liad an opportunity to inspect such Property[o ens�ure the ��ork has been completed to Lender's satisfaction, provided that such inspection shall bc undertaken pxoizipfly_ Lendex may disburse proceeds foi the repairs aad restoration in a singie payment or in a series of progfess papnents as the work is wmpleted. Unless an agreement is made in wriliag or App$cable Law rcquires interest to he paid on such insurance proceeds, Lender shall not be required to pay Borrower any interest or earnin�s on such proeeeds. I'ees for public adjusta-s; oa oth0r third pazti�,s, retained by Botrower shall not be Uazd out of the insuranc;e groceeds and shall be the sole obligation of Borrower. If the resCOration or repair is not economically frasible or Lender's security would be lessened, the insueanee proceeds shall be applied to thc suxns secured hy this Security Instriunent, whether or not then due, with the�cess, if any, paid to Borrower. 3uch insurance proeeeds shall be applied in the oxder�rrQVided for in Section 2. If Borrower abandons the Property, Lender may file, negotiate and settic any available insurance claun and related matters. If BorroweT does not respond witivn 30 days to a notice from Lender that the insurance carrier has offared to setYle a clasin, then Lend�u�y negotiate and se[tle the claim. The 30-day pe[iod will begin when the noYice is given. In either evcnt or if Lender acqtures the Properiy wider Section 22 or otherwise, BorrQwes hereby assi�s to Lendea (a) Bonower's righfs to any insurance procceds in an,amount not to exceed the amouuts impaid under the I.V ofe or this Security Instrument, and(b)any other oP Bor.ower's rights (other tha.n the right to any refund of unearned prenuLUns paid by Borrower)under all uisurance po&cies covering the PTOperty, insofaz as such rights aze applicabl�to the coverage of tUe Properiy. Lender may use$lc insurance proceeds either to repair or restore the Property or to pay amounts uupaid under the Note ar this Security Instt-ument; wheffier or pot then due. 6. Occupancy. Borrower shall occupy, establish, and use the Property as Sorrower's principal rzsidence within 60 davs after the execution of this Security Instirumcnt and shall continue to occupy Aie Property as Borrower s principal residence for at least one year after the date of occupancp, unless Lender otherwise a��ees in writing, which consent shall not bc unreasonably withheld, or unless extcnuating�circumstances e�st cvhich are bc}rond Bortower s control. 7. Preservation, M aintenance and Protection of the Property; Inspections. Borrower shall not destroy, rlamaae or impa�the Property, allow the Property to deteriorate or commit waste on the Property. Whether or not Borrower iS residing in The Pzoperty, Borrower shall maintain tlie Propecty in ozder to prevent the Properry from deteriorating ox decreasuig m value due to its condition. Unless it is determined pursuant to Section 5 that repair or restoration is not economically feasible, Borrower shall proinptly repair the Properry if damaged to avoid furth��r deteriorafion or damaae. If insurance or wndemnation proceeds aze paid in connec;tion v✓ith damage to, or the taking of, the Properry, Borrower shall be responsible for repairing or restoring the Property only if Lender has released proceeds for such purposes. Lender may disburse procuds zsooasia NEBRASKASingle Family-FanNe MaelFreddielA ac 11NIFORP4 I�STROM1I9�T Farm 3028 1I01 VM?'� VN P6MEJ('1105) Wolters Kluw er Fnancial Services Pzge�ot 1]