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201206538 All insurance policies required by Lender and renewals of such policies sha11 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 payee. Lender shall have the right to hold the policies and renewal certificates. If Lender requires, Borrower shall promptiy give to Lender all r�eipts of paid premiums and renewal nodces. If Bortower obtains any form oF insutance coverage, not otherwise required by Lender, for damage to, or destruc[ioa of, the Property, such policy shall include a standard mortgage clause and shall name I.ender as mortgagee and/or as an additional loss payee. [n the event of loss, Bonower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made promptly by Borrower. Unless I.ender and Borrower otherwise agree in writing, any insurance proceeds, whether or not the underlying insurance was required by L,ender, shal]be � applied to restoration or repair of the Property, if the restoration or repair is economically Feasible and Lender's security is not lessened. Dwing such repair and restoration period, Lender shall have the right to hold such insurance proceeds until L.ender has had an opporfunity to insp�t such Property to ensure the work has b�n completed to Lznder's satisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse pmceeds for the repairs and msroration in a single payment or in a series of progress payments as the work is completed. Unless an agr�ment is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shzll not be required to pay Borrower any imerest or earnings on such proc.eeds. Fees for public adjusters, or other third parties, retained by Borrower shall not be paid out of the insurance pmcceds and shall be the sole obligation of Borrower. If the restoration or repair is no[economically feasible or Lender's security would be lessened, the insurance proceeds shall6e applied to the sums secured by this Security Insuvment, whether or not then due, with the excess, if any, paid to Sorrower. Such insurance proceeds shall be applied in the order provided for in Section 2. If Borrower abandons the Property, Lznder may file, negotiate and settle any available insurance claim and related mazters. If Borrower does not respond within 30 days to a mtice from Lender that the insurance carrier has offered w settle a claim, then Lender may negotiate and settle the claim. The 30-day period will begin when the notice is given. In either event, or if Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to Lender(a) Borrower's rights to any insutance proceads in an amoun[ not to excced the amounts unpaid under the Note or this Security Instrument, and(b)any otLer of Bonower's righu (o[her than the righ[to any refund of unearned premiums paid by Borrower)under all insurance policies covering[he Property, insofaz as such rights are applicable to the covenge of the Property. Lender may use the insurance proceeds eiffier to repair or restore the Proper[y or to pay amounts unpaid under the Note or this Securiry Instrument, whether or not then due. 6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence wi[hin 60 days after the execu[ion of this Security Inshvment and shall continue to occupy the Property as Borrower's principal residence for at ]east one year after[he da[e of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which aze beyond Borrower's control. 7. Preservation, Maintenance a�d Protection of the Property; Inspections. Borrower shall not destroy, damage or impair the Property, allow the Proper[y ro deterioraze or commit waste on the Property. Whether or not Borrower is residing in the Property, Borrower shall maintain the Proper[y in order to prevent the Property from deteriorating or decreasing in vatue due to its condition. Unless it is detertnined pursuant to Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if daznaged to avoid further deterioration or damage. If insurance or condem�a[ion proceeds aze paid in connection with daznage to, or the taking of, the Proper[y, Botrower shall be respo�sible for repairing or restoring the Property only if Lender has released proc�s for such purposes. Lender may disburse pmceeds NEBRASKA-Single Family-Fennie MaelFretleie Mec IINIFORM INSTflUMEN7 Form 3028 L01 VMP� VMP6INE)ry 1051.0.0 Wolte�5 Kluwef Financial ServicB6 P88e]ot 17