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201207384 All insurance policies required by Lender and renewals of such policies shatl be subject to Lender's right to disapprooe such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee and/oz as an adtlitional loss payee. Lender shall have the xight to hold thc policies and renewal cerfificates. If Lender requirzs, Borrower shall prompfly give to Lender all receipts of paid premiums and renewal norices. If Bon-ower oUtains any form of insurance coverage, not otlierw2se required by Lender, for damage to; or des(ruction of, the Property, such policy shall include a standard inortgage clause and shall name Lender as mortgagee and/or as an additional loss payee. In the event of loss, Borrower st�all give prompt natice to the i�surance earrier and Lendex. I,ender inay make proof of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any insurance procceds, whether or nof lhe underlying insurance was required by Lender, shail be applied to restorarion or repair of the Property, if the restsaraTion ox repair is ecouauucally feasiUle and Lender s security is not lessened. During such repair and restpration period, Lender sl�all hace Lhe right to hold such insurance procccds miril Lender has hat}a.n opportuuity 4o InspecC such Properiy to enSure the work has been complet�d to Lender's satisfac[ion, pxovided that such inspectian shall be undextaken promptly. Lender xnay disburse proceeds for the repairs and restorarion in a single payment or in a series of progress payments as�lie vYork is completed Unless an a�-eement is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not be required to pay Barrower any interest or earnings on such proceeds. Fees for public adjusters, or other thizd parties, retained by BosoR=es shall not be pud out of the insurauce proceeds and st�all be the sole obligation of Borrower. If the restoration or repair is not economically feasible or Lender's security would be lessened, flie insurance proceeds shall be applied to the swns secured by tlus Security Instrument, whether or not then due, wiLh the excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the order pxovided for in Section 2. I£Bosower abandons the Propecty, Lender may file, negoriate and settle any available insurance claim aud related matters. If Borrower does not respond within 30 days to a uofice from Lender that the insurance carri�has offered to settle a claun, then Lcudcr may negotiate and sett]e tre clalm. The 30-day period will begin when the notice is given. In either event, or if Lender acquires the Property under Sectian 22 or otherwise, Borrower hereby assigns to Lcnder(a)Borrower's rights to any u�surance proceeds in an amount not to exceed the amounts unpaid under the Nore or this Security Insmunent, and(U)any othe� of Borrower's rights(other lhzn[he rigli[ Co any refund of uncamed preiruums paid by Borrower)under all insurance policies covering the Propeny, insofar as such riguts are applicable to the coverage of the PropezEy. Lendes mag use the insurance pzpceeds eithez to reyai=or restqre the Property or to pay amou;nts unpaid under the Note or this Security Instrument, whether or not then due. 6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence witlun 60 days after the execution of tlus Security Iustrunieirt aud sliall continue to occupy the Proparty as Bonower s principal residence foz at least one year after the d2te of occupancy, unless Lender othc-rwise agrees in writing, which canseat shaR not be unreasonably withheld, or unless extenuating circwnstanees exist wluch aze beyoad Borrower`s cantrol. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not des�oy, damage or unpair the Property, allow the Proper'ry±o dctcriorate or commit waste on the Property. �Vhether or not Bonower is residing in the Properiy, Borrower shall maintain the Properry in order to prevent thc Property from deteriorating or decreasing in value due to its condition. Unless it is determiued pursuant to Section 5 that repair or restoralion is uot economically feasible, Bosower shall promptly repair the Property i€damaged to avoid fiuther detexioration or dauuge. If insurance�eondemnation proeeeds are paid in connection with damage ta, or the taking of, the Property, Borro��er shall be responsible for repairing or restoring the Praperty c�nly if Lender has relcased proceeds for such purposes. Lender may disburse proceeds NEBRASKA-Sin le Famil�-Fannie M 2elFreddie M1�ac UNIFORAI INSTRpM]J? �40�Z04� VMP� � Y VNP6(NE)(it03) woRers Kluwer Financizl Services Page]oi 1]