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201201978 All insurance policies required by Lender and renewals of such policies shall be subject to LeiTder's right to disappaove such policies, shall include a seandard mortgage clause, tmd shall name Lender ns mmtgagee aad/or as au addiCional lass payee. Lender sliall liave the ciglif to hold flie policies and reilewal certificatea. If Lender requires, Borrowex shall promptly give to Lender all receipts ot paid preiniums and rencwal noticcs. If Bc�rrower obtaine aiiy Ybrm of iiisutance coveragc,not othctwisc required by Lender, Por damage to, or �lesCrucCion oC, Che Property, suoh polieg ehall include a standard mortgage elause and shall name Lender as mortgagee and/or as an addikional ]oss payee. In the evenC of loss, Rorrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if itqt made promptly hy Borrower. Unle�ss Lander and Borrower otherwise agree in writing, any insurance proceeds, whether oc not the undedying Insurance was required by Lendcr, shall be applicd Co restoration or repair of Chc Pcoperty, if the restoration or repair is economically feasil�le nnd Iznder's security is not lessened. During sueh repair and restoration peri�d, Leudec shall have [he right to hold such insurance proceeds until Lender lias liad an opporeunity to inspect snch Property to ensure lhe work has been completed to Lender's satisfaction, providad [ha[such inspection sliall be under6aken �romptly. Lender may disburse proceeds for the repaixs and restoration in a single payment or in a series oP progress payments as thc work is completed. Unless an agreement ia mada i� wriYing or Applicable Law requires inlerest to be paid on euch ineurance proaeeds, Lender sl�all not ve cequired to p<ry Barrower any interesi or e�rnings on sucl�proceeds. Fezs for puUlic adjusters, or otlier diird partics, relaiiied by Borrower sl�all not Ue paid out of the ineurailc:e proceeds and shall be the solo obligaCion oP Borrower. If tlie restoration or repair is not economically Peasible or Lender's security would be lessened, the insurai�ee pmceeds shall Ue applied Co Che sums secured by Ihis Security Instrument, whether or not tl�en due, with th� excess, if any, paid to Borrower. Such insuranee proceeds shall be applied ii�tlie order provided for in Sectioii 2. lf Borcowcr abandons fhc ProperCy, Lender may file, negotiate and seftle any availa6le insurance claim�wd related matters. Tf Borrower does not respond witliin 30 days Co a notice from Lender thtii tl�e insuctinoe carrier has offered Co settle a claim, then I.endec�nay negotia[e and settle tl�e claim. The 30-day period wilt 6egin when Yhe notice is given, Iu either event, oT if Lender acquires the PTOpecty under SecCion 22 or otherwise, Borrower hereby uesigns to L,ender(a) Borrower's Tights to any insurance proceeds i�� an amounf � not to cxcecd thc amounts unpaid under the Note or this Security Inehument, and (b) nny other of Borrower's rights (otherdtan Clie right Co ai�y refund of uuearued premiums�aid by Borrower) under all insurxiice policies covecing the Propetty, insofac as such righCS are applicable ro the coverage of the Property. Lencler may use Che insnrance praceeds either to repair or rest�re the Properry or Co p2y amounts unpaid under the Note or this Securiry InstramenC, wl�ether or not then due. 6. Occupancy. Borrower shal] occupy, esCablish, and use the Property as Bonnwer's principttl residence within 60 days a'PCer the execution of this Seetiirity LisCrument and shall continue to ocwpy the Property as Borrower's prineipal residence for at leasC one year after tlie date oE occupancy,u�iless Lender otherwise agrees in writing, which consent shall not be unreaso�iably withheld, or unless extarmating circum9tances exist which are Ueyond Borrower's control. 7. Preservation, Maintenance and Protection of the Property; MspecYions. Borrower shall not destroy, damagc or iinpair the ProperCy, allow I�he Proper[y to deteriorate or eommit waste on Che Properry. 4Vl�etl�er or not Borrower is residing in the Prope�Ky, Borrower sliall maintain Yhe Property in m�der to preven� Ihc Property from deteriarating or decrensing in value diie to its wndition. Unless it is dcCermincd pursuant to 5eetion 5 tli�tt i'epair or restocaflo�� is not eco�iomicxlly Fcaslble, Borrower sl�all promptly repair the Property if dani.rgad to avoid further deterioration or damage. If iosurance or condemnation proeeeds are pflid in conncction with dareiage Co, or Cl�e Cakiug oP, the Property, Bnrrower shnll �e responsible for repairin�or restoring the Property only if Lender has released proceeds for such l�urposes. Lender may disburse proceeds —""--"-- 2400056]� NEBRASICA-Single FzmllyFennie Mae/FreAdle Mao VNIFOHM INSTFUMF.NT Form 30L8 11Q1 VMP� VMPB�NGY(��Ofi) Wolmra Kluwor Finanolal Soraicoo Pogo]ai i]