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201208395 All insurance policies required by Lender and renewals of such policies shall be subject to Lender's right to disapprove such policies, shall include a standazd 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 promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any form of insurance coverage, not otherwise required by Lender, for damage to, or destrucuon 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, Borrower shall give prompt notice[o the insurance carrier and Lender. L.ender may make proof of loss if not made pmmptly by Borrower. Unless Lender and Bonower otherwise agree in writing, any inc�,rance proceeds, whe[her or not the underlying inswance was required by Lender, shall be applied to restontion or repair of the Property, if the restora[ion or repair is economically feasible and Lender's security is not lessened. During such repair and restoration period, I.endec shall have the right to hold such insurance proceeds until Lender has had an opportunity to inspect such PropeRy [o easure the work has been wmpleted to Lendec's satisfaction, provided that such inspection shall be imdertaken promp[ly. Lender may disburse proc.eeds for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. Unless an agreemern is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not be required to pay Borrower any interest or earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Borrower shall not be paid out of the insurance proceeds and shall 6e the sole obligation of Borrower. If the restoration or repair is not eco�omically feasible or I.ender's se�uriry would be lessened, the insurance proceeds shall be applied to the sums secured by[his Security Instrumen[, whether or not then due, with the excess, if any, paid to Bonower. Such insurance procceds shall be applied in the order provided for in Sec2ion 2. lf Borrower abandons the Property, L.ender may file, negotiate and settle any available insurance claim and related matters. If Borrower does not respond within 30 days to a notice from Lender that the iasurance carrier has offered to settle a claim, then Lender may negotiate and settle the claim. The 30�ay period will begin when the notice is given. In either even[, 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 amount not to exceed the amoums unpaid under the Note or this Securiry Instnunen[, and(b)any other of Borrower's righu (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 procceds either to repair or restore the Property or to pay amounts unpaid under rhe Note or tYus Security Inswment, whether or not then due. 6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within 60 days after the execution of this Security Instrument and shatl eontinue ro occupy [he Property as Sorrower's principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless e�enuating circumstances exist which are beyond Borrower's conwl. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or impair the Property, allow the Property to deteriorate or commit wasre on the Property. Whether or not Borrower is residing in the Property, Borrower shall maintain the Property in order to prevern the Properfy from de[eriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 [hat repair or restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or condemna[ion proceeds are paid in connection with damage to, or the taking of, the Property, Borrower shall be responsible for repairing or restoring the Property only if L.ender has released proceeds for such purposes. Lender may disburse proceeds NEBRASKA-Single Family-Fannie Maeffrsldic Mac UNIFOPM INSTRUMENT Form 3028 tp1 VMP� VMP6(NEI(1105).00 Walrers Kluwer Finannal Services PaBe]of 1]