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201206256 All iusLu-c�nce pol'rcics requirod by Loiider and renewals of such�olicies ahAll be aubject to Lender's ri�ht to disnpprove snoh polioies, shall�nolude a etandar<1 mortgage clause, and sht+ll naine I,ender ae mortgagcc and/or ns aai additional loss payee. Lendei sh�ll have tlie right to hold tho policios xnd reniewal oerti$cates. If Lender reqtiiires, I�orrowar sl�all promptly give to Lender all receipts of paici preminrns nnd ienewal notices. IF Borrowcr oUtains any fonn of iliew•nnce ooverage, not otherwisa requu•ed by Lender, far dainaga to, or destrucCion of, the Pmper[y, such policy ehall include a sYandard niortgage clause and shxll namo Lender ae morCgagee and/or as ui�dditional loss payee. In Uie ev��C of lass, Borrower shall give pro�npt notice to the insm'ance c�u�rier ancl Loncior. Lencler v�ay mnke proof of loss if not inade promptly Uy Rorrower, Unlcss Le��der aud Borrower ocherwis�egree in writing, azry insurance proceeds, wltctl�sr nr noC(he m�derlying ineurance was required by Lender, shall be applied to restorntion or repaar oP the Property, if t11e restoration or re�air i� ecoaomically£ensible and Lender's secm•ity is not lesse�ied. During such rep2ir end restorntion period, Leudar sha11 ha�ue t7�e ri�l�t to hold sLtic1� insarance proceeds micil Leuder hns had an opportunity tio inspecti such Pro}�eity tc� cnsurc t1�e work l�as been completed to Lender's s�ttisfabtion, pravided that such inspection shall be uuder[nken prompCly, Lender inny clisbtuse proceede for the repaira and restotation in a single peyment or in ti series of progress pa}nnents as Uie worlc iy completed. Unlsse an agreen�ent ie macle in��n•iting or Ap�licaUle Law requires iarterast to Ue paid on aud� insuravice proceecis, Lenclec ehall not bo required to pay 13orrowcr any inCerest or eaanings on such proceeds. Pees for ptiiblic adjastars, or oflier fl�ii�d parties, rctaincd by Boxrower shall not Uc paid mri of the inaurance proceeds aud sha11 Ue the sol�obligatron of Borrower. If the resCoretiou or repsiir is not economically 4easible or Le��de�'s socurity would l�e lessene�l, Hie insuranca proceeda sl�all be applied to the smns secured by this Security I��strument, whether or not fhen due, with tlie exocss, if uny, paid to 13orrower. Such insm�nnce proceeds shall be applied in tho ortlor providcd for in Section 2. lf I�orrowcr abandons [he Property, Lender may file, negotiate and settic any �vailalUle insi�ranoe claitn and rel�teci mnthers. I£F3ocrower dqes not respovd within 30 days Lo a noCice finm Leuder Hiat the instuance cnirier has offered to seCtle a claiLn, tl�en Lcndcr may nego[iake �uid settle the claiin. The 30-da�y period will begin when the notica is given. In either event, or if Lender acquires the Pmperty m�dev 3ection 22 or ofherwise, Bertowon c�rel�y assigns Co Iznder(a)Borrower's rigl�tis to any insurance proceeds in an nmounti i�ot to exoeed tl�ie amounYs unp7id under theNote or this Sccin'ity Ins[run�ent, nnd (b) sury other of� Borrower's rights (other Uian the rigl�t to any refiwd of uueeined premiume I>aid by Borxower) unQcr all iiisurzmce polioies covering the Property, insofar as such ri�hts �re applicn6le to the coverage of the Pioperty. Lender inay use the inc�Lirancc praceeds ei[her to repair or restore tlie Property or to pay amounts wipaid under thc Notc or this Security InsGnmenti, wheEher or not t1�e�� diie. 6. Occupaney. t3orrowur ehall ocoupy, establieU, nnd ttse the Pro��erty as 13oi7owcr's principal reaidence Within 60 daye aP�er the executiou of tliis Secm'iry lnetrumotit�ud ehall oontiinue to occupy the Property as Borrower's�rincipal residence for at leayt one yc�e afeer �he dake of occup�ncy, Luiless Lender otherwi�ac ngrees in writing, wluch consent sl�Edl nof Ue um�easonably withheld, or uulass extenuating ci�roumstancea exisf wluch are�ieyond Borrpwer's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. 13orrowcr shall nol destroy, damage or impair hlie Property, allow the Propertiy to deterioratc or commit waste oi2 tke Property. Whetlier or not Borrowar is residing in tlie Property, &�rr��wcr shall maintain the Property in order to prevent the Propartiy from deteriorating or decrenaing in value due to itB conciilion. Unless it is determined purs�i�nC Io Sectint� 5 that repair or rastornCion is not economically feasible, Borrowcr shall pron�plly repair the Property if dainaged to avoid fiutlier deterioration or damago. If insurance or oonilemnation proceeds aA�e paicl in connection witih danu�ge to, or tho tialtiiig of fhe Pxopexty, Borrower shall be resl7onsible for repairing or resCoring Uie Pxoperty only if Lender has released proceeds 'lor eucA purposes. Lender may disburse proceeds — ---- znoo�ss2 NEBRASKA-Single Famlly-fannie faleelf-redAie A7ac UNIFORM INSTRUM[NT Form 3020 1/01 VM P� VM P6(NEj�1106) W alters Nluwer Flnnnnl�l SnrvlaHs Page]of 11