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201208396 All iasurance policies required by Lender and renewals of such policies shall be subject ro I.ender's right to disapprove such policies, shall include a standard 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 receipu of paid premiums and renewal notices. If Borrower obtains any form of insurance wverage, not otherwise required by I.ender, for damage to, or destruction of, [he Property, such policy shall include a sta�dard mortgage clause and shall nazne Lender as mortgagee and/or as an additional loss payee. In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made prompdy by Borrower. Unless Lender a�d Borrower o[henvise agree in writing, any insurance proceeds, whether or not the underlying insurance was required by I.ender, shall be applied to res[orauon or repair of the Property, if the restoration or repair is economically feasible and Lender's security is not lessened. During such repair and restoration period, Lender shall have the right to hold such insurance proceeds until Lender has had an oppommity to inspect such Property ro ensute the work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse proceeds for the repairs and restoration in a single paymem or in a series of pmgress payments as[he work is completed. Unless an agreemenk is made in writing or Applicable L,aw requires interest to be paid on such insurance proceeds, Lender shall not be required to pay Bonower any in[erest or earnings on such proceeds. Fees for public adjus[ers, or o[her third parties, retained by Bonower shall not be paid out of[he insurance procceds and shall be the sole obligation of Borrower. If the res[oration or repair is not economically feasible or L.ender's serarity would be lessened, the insurance proceeds shall be applied to the snms secured by this Security Instrmnen[, whether or not then due, with the excess, if any, paid to Bonower. Such insurance proceeds shall be applied in the order provided for in Section 2. If Borrower abandons the Property, Lender may file, negotiate and settle any available insurance claim and related matters. If Borrower does no[respond within 30 days to a notice from Lender[hat[he iasurance carrier 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 othenvise, Borrower hereby assigns to Lender(a) Borrower's rights to any insurance proceeds in an amount not to excced the amounts unpaid under the No[e or this Security Insuument, and (b)any other of Borrower's rights (other tLan the right to any refund of uneamed premiutns paid by Borrower)under all insurance policies covering the Property, insofaz as such rights are applicable to the coverage of the Property. Lender may use the insurance proceeds either to repair or restore the Property or to pay amoun[s unpaid under the Note or this Security I�strmven[, whether or not the�due. 6. Occupancy. Borrower shall occupy, estahlish, and use the Property as Borrower's principal residence within 60 days after Ihe execution of this Security Insuvment and shall continue to occupy [he Property as Borrower'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 extenua[ing circumstances exist wlvch aze beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destmy, damage or impair the Property, allow the Property to deterioraze or commit waste on the Property. Whether or not Bonower is residing in the Property, Borrower shall mairnain the Property in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds aze paid in connection with damage to, or the taki��g of, the Property, Borrower shall be responsible for repairing or restoring[he Property only if Lender has released proceeds for such purposes. Lender may disburse proceeds NEBRASKA�Single Family-Fannie Maa�FreaGie Mac UNIFORM INSTFI/MENT Form 3028 i101 VMP� VMPB(NEI(t 105).00 Wolters KWwer Financial Servmes Page]at 1]