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201 205280 All insurance policies required by Lender and renewals of such palicies shall be subject to Lender's right to disapprove such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee and/or as an additional loss paycc. Lcndcr sliall liavc thc right lo hold thc policics and rencwal ccrt�catcs. If Lender requires, Borrower shall promptly give to Lender all receipts of paid premiums and renewal nodces. lf Borrower obtains any form of insurance coverage, not otherwise required by Lender, for damage to, or destrucUon of, the Properly, such policy shall include a standard morigage clause and shall name Lender as mortgagee and/or as an additional loss payee. In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made promptly by Borrower. Unless Lender and Borro�3-er othen3�ise agree in writing, an,y insurance proceeds, whetlier or not the underlying insurance was required by Lender, shall be applied to restoration or repair of the Properiy, if the restoration or repair is economically feasible and Lcndcr's sccurity is not Icsscncd. During such rcpair and restoration period. Lcndcr shall havc thc right to hold such insurance proceeds until Lender has had an opportunity to inspect such Property to ensure the work has been completed lo Lender's salisfaction, pro��ided that such inspection shall be underlaken prompUy. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the w�ork is completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender sl�all not be required to pa}� Borrower any interest or eanungs on such proceeds. Fees for public adjusters, or other third parties, retained by Borrower shall not be paid out of the insurance proceeds and shall be the sole obligadon of Borrower. If the restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be applicd to thc sums sccurcd by this Sccurin� Instnuncnt, whcthcr or not thcn duc, with thc c�ccss, if any, paid to Borrower. Such insurance proceeds shall be applied in the order provided for in Section 2. lf Borro�ver abandons lhe Propeny, Lender may file, negotiate and settle any available insurance claim and related matters. If Borrower does not respond within 30 da��s to a notice from Lender that the insurance carrier Uas offered to settle a claim, then Lender may negotiate and settle the claim. The 30-da}� period will begin when the notice is given. In either e��ent, or if Lender acquires the Property under Section 22 or othenvise, Borrower hereby assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount not to esceed the amounts unpaid under the Note or this Security Instrument, and (b) any other of Borrowcr's rights (othcr than thc right to any rcfund of uncarncd prcmiums paid by Bonowcr) undcr all insurance policies covering the Property, insofar as such rights are applicable to the coverage of the Property. Lender may use the insurance pmceeds either to repair or restore the Property or to pay amounts unpaid under ihe Nole or lhis Security lnslrumenl, whelher or not lhen due. 6. Occupancy.Borrower shall occupy, establish, and use the Property as Borrower's principal residence within 60 days after the e�ecution of this Security, Instrument and shall continue to occupy the Property as Bonower's principal residence for at least one tiear after the date of occupancy, unless Lender othenvise agrees in writing, which consent shall not be unreasonably withheld, or unless estenuating circumstances e�ist which are beyond Borrower's control. 7. Preservation,Maintenanceand Protectionof the Property; Inspections.Borrowcr shall not dcstroy damage or impair the Property, allow the Property to deteriorate or commit waste on the Property. Whether or nol Borrower is residing in lhe Properiy, Borrower shall mainlain the Properiy in order lo prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is deterniined pursuant to Section 5 that repair or restoradon is not economically feasible, Borrower sliall promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in connecdon with damage to, or the taking of, the Property�, Borrow�er shall be responsible for repairing or restoring the Properh� only if Lender has released proceeds for such purposes. Lender may disburse proceeds NEBRASKA-Single Family-Fannie MaelFreddie Mac UNIFORM INSTRUMENT Form 3028 1/01 VMP OO VMP6(N� (1105).00 Wolters Kluwar Financial Services Page 7 of 17