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201202001 All insu��uice policics reqnired by Leiidcr and renewfds of such policies sl�Mll be subject to Lender's right to disap�rove such polieies, shall include a etaudard mortgage clause, and shall name Lender as mortgagee uid/or as an additioual loss payee, Leuder shall have the cight tc*hold the pollcies and renewzl certiPicates. It' Lendcr requires, Borrowex shal] promptly givc to Lei�der ell rcceipts of paid prcmiums and i�encwal notices. IP Borrower obtai�is any form of insurance cnver�ge, not otherwise required by Lendec, for da�nage Co, or destruction of, the Prnperry, such policy shall inclucle a sCaodard mortgagc clause and shail name Lender as mortgagee and/or as a� additionxl loss payee. ln the event of loes, Borrower shall give prompt notice to Che instuauce carrier and Lender. Lender mary make proof of loss iP not made prompCly by Borrower. Unless Lender and Borrower otherwise agree in wriCing, any insurance proceeds, whether or not the underlying insurance was requiced Uy Lender, shall be appl[ed Co restoration or repair of the Pcoperty, if the restoration or repair is cconomically fcasible uid Lender's security is not le�sened. During sucli repair and restoration period, Lender sfiall have the righG Co hold sucl� insurance proceeds u�itil Lender has l�arl an opporEunity to inspeet such Propercy Co ensure the work lias becn completed to Lcnder's satisfaction, provided that such inspection shall be undeet�ikcn pcompYly. I.ender may disburse pmceeds for the repairs and restoration in a singlc paymeut or in a series of prog�ess payments as the work is eompleted. Unless nn agrecment is made in writing or Applicable Law rcquires inCerest to be paid on such insurance proceeds, Lcnder shall not be rcquired Yo pay Borro�er any interesY or earnings on such proceeds. Fees for public adjusters, or other thixd parties, retained by Borrowcr sh�ll noY be paid out of Yhe insurance proeeeds and shal] l�e tlie sole obligation of Bocrower. If Che restoeation or repair is not economicnity fcasible or Lender's security would bc lessened, tl�e insurance proceeds shall be applied to tlie sums secured by this Secnrity Instrument, whether or not then ciue, wiCh tl�e excess, if a��y, paid to Borrower. Such insurance procccds shall be applicd in the ordet�rovided for in Section 2. IP Rorrower abniidons Cha Property, Leiidcr may file, negoCiaee and settle any avaifa6le insuranoe claim and related matters. Il'Borrower does not respond withiii 30 days ko a ootice from Lender that lhe insurft�ce earriei lias ot'fcred to settle a claim, then Lender inay negotiate and ectde the efaim. Thc 30-d2y period will begin when Che notice is given. In eidier event, or if Lendet acquires the Propeirty under Section 22 or otherwise, Borrower hecaby assigns to Lei�der (a) Borrower's rights to any ivsurance prooeeds in an amottnt not 6o exceed the amounts unpaid under[hc Nate or tliis Security insYrumen[, and (b) uiy oeher of Borirower's rights (olher than tlie right to any reflmd of unearned premiums paid hy Borrower) under all insurfmce policies covexing Che ProperCy, insofar as such rights �ire applicable to the coverage of tl�e Properly. Lender may use Che insuravice procecds either To repair or restore the ProperCy or to pay amoui�ts unpaid uuder the Note or this Security InslrumanY, whether or noY then due. 6. Occupancy. Boxxower shall occupy, establish, and use the Yroperty as Boirower's prineip.Q residenee within 60 dags after the axecution of this Securiry IusUUmcnC and shall continue to occupy tlie l�ropeity as Rorrower's principal residence for at lcasl one year aftcr 4he daYe of occ;upai�cy, unless Lender otlierwise agiees in writing, whieh consent shall not 6e unreasonably withheld, oc ixnless exCe�ivating circumst�uices exist wltich are beyond Borrower's enntrol. 7, Preservation, Maintenance and Protection of the Property; Inspections. Borirowcr shall not deslroy, damage or impair tlie Property, allow tlie Properfy Co detel'iorate ur wmmit waste on Che Pro�erty. Whedrer ar not Borrower is residing in Che Propeity, Borrower sl�all mainlain the Property zn order to prevent the Property firom deteriorating or decrensii7g in value due to fts condition. Uilless it is determined pursuant to Section 5 that repair or restoraticn�is not.economically feasil�le, Borrower shall prompely repair the Property if damnged to avoid fiuther detciioration or damage. if insurai�ce or condemnatioii proceeds are paid in comlection with damnge ty or die taking of, the Property, Borrower shall be responsible for repairing or restoring Clie Property o�ly if Lender has released proceeds for sucl�putposes. Lender msry-disUurse proceods .. � � za000�20 NE6RASKA-Siiigle Fpmlly-Fannie MaelFreddle Mao UNIfORM INSTRUMEMf fvrm 3028 1/01 VMP p VMPBWEJ�'110GI Wol�ers Kluwer Financial Snrvices Pape 7 of P