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<br /> All insurance policies req�ired by Lender and renewals of such policies shall be subj�t to Lznder's right to
<br /> disapprove such policies, shell include a standard mortgage clause, and shall nune I,ender as mortgag�
<br /> and/or as an additional loss payee. Lender shall have[he right to hold the policies and renewal certificazes. If
<br /> 1.ender requires, Borrower shall promplly give to I.ender all receip[s of paid premiums and renewal notices.
<br /> If Borrower obtains any form of insurance coverage, not otherwise required by Lender, for damage to, or
<br /> deswction of, the Property, such policy shall include a standard mortgage clause and shall neme I.ender as
<br /> mortgag�and/or as an additional loss payee.
<br /> In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may
<br /> make pmof of loss if not made promptly 6y Borrower, Unless Lender and Borrower otherwise agree in
<br /> writing, any insurance proceeds, whether or not the underlying inc�,rance was required by Lender, shall be
<br /> applied to restoration or repair of the Property, if the resroration or repair is eoonomically feasible and
<br /> Lender's security is not lessened. During such repair and restoration period, Lender shall have the right to
<br /> hold such insurance proceeds until I.ender has had an opportunity to inspect such Properry to ensure the
<br /> work has beEn completed to Lender's satisfaction, provided thaz such insp�tion shall be undertaken
<br /> promptly. Lznder may disbutse proceeds for the repairs and restoration in.a single payment or in a series of
<br /> progress paytnen[s as the work is completed. Unless an agreement is made in wtiting or Applicable Law
<br /> requires interest to be paid on such insurance proceeds, Lender shall not be requir�to pay Borrower any
<br /> irnerest or eamings on such proceeds. Fees For public adjusters, or other ttrird parties, retained by Borrower
<br /> shall no[be paid out of the insurance proceeds and shall be the sole ob(igation of Borrower. If the restoration
<br /> or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be
<br /> applied to the sums secured by this Sec;urity Instrutnent, whether or not then due, with the excess, if any, .
<br /> paid to Borrower. Such insurance proceeds shal] be applied in the order provided for in Se�tion 2.
<br /> If Borrower abandons the Property, Lender may file, negotiate and settle any available insurance claun and
<br /> related matters. If Borrower does not respond within 30 days to a notice from L.ender[hat the insurance
<br /> carrier has ofFered to settle a claim, then Lender may negotiate and settle the claim. The 30-day period will
<br /> begin when the notice is given. In either evern, or if Lender acquires the Property under Section 22 or
<br /> otherwise, Borrower hereby assigns to Lender(a) Borrower's rights to any insurance proceeds in an aznoum
<br /> not to exceed the amounts unpaid under the Note or this Securiry Instrument, and(b)any other of
<br /> Borrower's rights(other then the right to any refund of uneamed premi�ans paid by Borrower)under all
<br /> insurance policies covering the Property, insofaz as such rights are applicable to the coverage oF the
<br /> Property• Lender may use the insurance proceeds eiffier to repair or restore the Property or to pay amounts
<br /> unpaid under the Note or this Security Instrument, whether or not then due.
<br /> 6. Occupency. Borrower shall occupy, establish, and use the Proper[y as Borrower's principal residence
<br /> within 60 days after the execution of this Securiry Instrument and shall continue to occupy the Property as
<br /> Borrower's principal residence for at least one year after the date of occupancy, unless Lender otherwise
<br /> agrees in writing, which consent shall not be nnrPacn��y���d, or unless e�enuating circumstances
<br /> exist which aze beyond Borrower's control.
<br /> 7. Preservation, Maintenance and Pratection of the Property; Inspections. Borrower shall not destroy,
<br /> damage or impair the Property, allow the Property to deteriorate or commit waste on the Proper[y. Whether
<br /> or not Borrower is residing in the PropeRy, Borrower shail maintain the Property in order to prevent the
<br /> Property from deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to
<br /> Section 5 that repair or restoration is not economically feasible, Borrower shall promplly repair the Property
<br /> if damaged to avoid further deteriorazion or dunage. If iasurance or condemne[ion proc�ds are paid in
<br /> connection with damage to, or the taldng of, the Property, Bonower shall be responsible for repa'uing or
<br /> restoring the Property only if Lender has releas�proceeds for such purposes. Lender may disburse procceds
<br /> NEBRASKA-Single Femily-Fannie Mae/Freatlie Mac UNIFOFM INSTqUMENT Form 3028 1/01
<br /> �MP� VMP6(NE)11105�.00
<br /> Wolte�e Kluwer Fiiw�ciel Services P�a����
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