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2Q120749� All insurance policies required by Lender and renewals of such policies shall be subj�t to Lender's right to disapprove such policies, shall include a standard mortgage clause, and shall name Lender as mortgag� and/or as an additional loss payee. Lender shall have the right to hold the policies and renewal certificates. If Lender requires, Bonower shall promptly give to Lender all receipts of paid premiums and renewal notices. If Bonower obtains any form of insurance coverage, not otherwise required by Lender, for damage to, or destruction of, the Property, such policy shall include a standard mortgage clause and shall name Lender as mortgagee and/or as an additional loss payee. In 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 Lender and Bonower otherwise agr� in writing, any insurance proceeds, whether or not the underlying insurance was required by Lender, shall be applied to restoration or repair of the Property, if the restoration or repair is ec;onomically feasible and Lender's security is not lessened. During such repair and restoration period, Lender shall have the right to hold such insurance procseds until Lender has had an opportunity to inspect such Property to ensure the work has been com�leted to Lender's sarisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse procce�s for the repairs and restoration in a single payment or in a serie.s of progress payments as the work is complete�. Unless an agr�ment is made in writing or Applicable Law requires interest to be paid on such insurance proccerls, Lender shall not he required to pay Borrower aay interest or earnings on such proceeds. F�s for public adjusters, or other third parties, retained by Borrower shall not be paid out of the �n�,�,�nce proceeds and shall be the sole obligation of Borrower. If the re.storation or repair is not economically feasible or Lender's security would be lessened, the insurance procxeds shall be applied to the sums secured by this Securiry Instnunent, whether or not then due, with the excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the order provided for in Se�tion 2. If Bonower abandons the Property, Lender may file, negotiate and settle any available in��nce claim and related matters. If Bonower does not respond within 30 days to a notice from Lender that the insurance cazrier has offered to 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) Bonower's rights to any insurance procceds in an amourn not to exceed the amounts unpaid under the Note or this Security Instrument, and (b) any other of Bonower's rights (other than the right to any refund of unearned premiums paid by Borrower) under all insurance policies covering the Property, insofar as such rights are applicable to the coverage of the Property. Lender may use the insurance proceeds either to repair or restore the Properiy or to pay amounts unpaid under the Note or this S�urity Instrument, whether or not then due. 6. Occupancy. Bortower shall occupy, establish, and use the Property as Borrower's principal residence within 60 days after the execution of this Security Instrument and sha11 continue to occupy the Property as Bonower's principal residence for at least one year after the date of occupancy, unless L.ender ot�erwise agr�s in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist wluch are beyond Bonower's control. 7. Preservation, flAaintenance and Protection of the Property; Inspections. Borrower shall nof d�troy, damage or impair the Property, allow the Property to deteriorate or commit waste on the Property. Whether or not Bonower is residing in��he Ffoperiy, Bonower shall maintain the Property in order to prevent the Properiy from deteriorating or decr0asing in value due to its condition. Unless it is determined pursuatnt to Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Properiy if damaged to avoid further deterioration or damage. If insurance or condemnation procceds aze paid in conn�tion with damage to, or the taking of, the Property, Borrower shall be responsible for repairing or restoring the Property only if Lender has released proceeds for such purposes. Lender may disburse proceeds NEBRASKA-Single Family-Fannie Mae/Fr�dle Mac UNIFORM INSTRUMENT Form 3028 1/01 VMP � VMP6(NE) (1105) Wolters Kluwer Financial Services Page 7 of 17