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201207653 �lll insurance po&cies xequ�ed by Lender and reneWals of such policies shall be subj ect to Lender's right to disapprove such policies, shall include a standard mortgage clause, and shall naine Lender as martgagee and/or as zn additional loss payee. Lender shall have the right to hold the policies and renewal certiGcates. If Lender requires, Borrower shall promptlq nivc to�Lender all receipts of paid premiums and renewal notices. IP Borrower obtains any form of insurance coverage, not otherwise required by Lender, for damage to, or destraotion of, the Prop�ty, sucfi policy shatt include a staadard mortgage clause and shall name Lendes as mort�agee and/or as an additional loss payee. In the event of loss, Boirower shaII give prompt notice to the insutance canier and Lendex. Lender may make proof of loss if not made promptly by Boaower. Unless Lend�and Borrower otherwise agree in uniting, any inst.vance proceeds, whether or not the Lmderlying insurance was required hy Lencler; shall bz applied to resTorarion or repair o£the Pioperty, if the resforation ox repair is economically feasble and Lender's security is not lessened. During suck repair and reStoration period, Lcnder Shall have the right to hold such insurance proceeds until Lender has had an opporhuiity to inspect such P;operty to ensure the work has heen completed to Lender's sarisfacGon, provided that such inspection shall be undertaken promptly. Lender may disburse pioceeds for t1�e repa3rs and xestorarion in a single payment or in a series of progress payments as the work is complefed. Unless an a�eement is made in writing or Applica6le Law requires intetest to be paid on such insurattce proceeds, Lender sha11 not be required to pay Boaower any interest or earuings on such proceeds. Fees for puUlic adjusters, or other third par[ies, retained Uy Borro�uer shall npt be paid ouk of the insurance proceeds and shall be the sole obligatian of Borcower. If the restorarion or repair is not econonucally fcasible or Lender's security would be lessened, the insurance proceeds shall be applied to the sums secured by this Security In,truxnent, whether or not then due, with the excess, if any, paid to Borrower. Such insurance proceecis shall be applied in the order provided for in Section 2. If Borrower abandons the Property, Lender ma}�file, negotiate and settle any available insurance claun and related matters. If Borrower does not respond witt�:n j0 days Yo a notice from Lender that the insurance carrier has offered to settle a claim, then Lender may negotiate and settic the claim. Tlte 30-day period w:ll begn when the notice is given. In cither event, or if i.znder acquires the Property under Section 22 or otherw-ise, Borrower heceby assigns to Lender(a)Boirower's rights to any insucance proceeda in au amount not to execed the amowYts unpaid under t11e Note or this Securify Instrumenf, and(b) any other of Borrower's rights (othec than the right to any refimd of unearned premiums paid by Borrower)under all insurance policies covering the Property, insofar as such rights aze applicable[o the coverage of the Pxopexty. Lender may use the insurance proeeeds cither to repair or r�store the Property or�pay amounts unpaid under the Note or this Securtty In,trumern, whether or not then due. 6. OCcupancy. Borrower snall occupy, establish, and use the Property as Boaowcr's principal residence within 60 &1ys aiter the executiou of flus Secm-ity Iilstnu�ent azid$hall contiuue to occupy the PLoperly as Boxxowea's pzincipal residence for at least one yeaz after the date of occup�cy, unless Iznder otherwise agces in writing, which consent shall noh be unreasonaUly withhzld, or unless extenva.ting circumstanees eust which aze beyond Borrower's control. 7. Preservation, M aintenance and Protection of the Property; Inspections. Borrower shall not dcstroy, dau�age or impair the Yroperty, allow the Properry to deteriorate or commit waste on the Property. Whether or not Bonower is residiug in the Property, Borrower shall maintain the Property ui order to prevent the Properiy froin dctcriorating or decrcasing in nalue due to its condition. Unless it is determined pwsuant to Section 5 that repair or restoration is not economically feasible, Bonower shall prompfly repair the Property if damaged to avoid fur[her deterioralion or dunage. If insurancc or condemnation proceeds are paid in connection with dauia�e to, or the talting of, the Properry, Borrowez shall be responsible for repairing or restoring thc Properiy only if Lendcr has rcleascd pmceedx for such purposes. Lender inay disburse psoceeds zaaozias NEBWSSKA-Single Family-Fannie MaelFreddie M ac UNIFORM WSTRIIlA FNT Fo�m 30Z8'I101 Vid P� Vhi P6(NE)(t t O5) N.�olters Kluw er Finencia:Services Page�oi i]