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201208476 All tnsurance policies required by Lender and renewals of such policies sh�ll be subject to Lender's right to disapprove such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee ancUor as an additional Ioss payee. Lender shall have the right fo hold the policies and renewal certificates. If Lender requires, Borrower shall promptly give to Lender all xeceipts of paid premiwns and renewal notices. IF Borrowei obtains any form of insuranee covcraa=e, not otherwise required 6y[,ender, for damage to; or destruction of. the Property, sach policy shall include a standard martgage clause and shail name Lender as mortgagee and/or as an additional Ioss payee. In the evenl of loss, 't2orrower shatl give prompt notice Tc the insurance cazrier and Lender. Lender may make prooi of loss if riot made pmmptly by Bar;ower. Unless Lendex and Borrower otr.e.rwlse agr�in � writing, any viswance proceeds, wfietha ox not the imderlying insurance was required by I,ender, shall be applied to restoracion ar�epau of the Property, i£the restorarion or r�alr ts ecqnomically feasible and Lender's security is not lesseaed. During such repair and restoration period, Lender shall have the right to hold snch insurance proceeds until Lender has had an opportuniN to inspect such Property to ensure the work has been completed to Lender's satisfactton, provided t�at such inspection shaR be undertaken promptly. Lender may disburse�oceeds for the repairs and resWration in a single payment or in a series of progress pa}�ments as the�ork iS complete,d Unle�s an agreemenf is made in wiiting or Applicable Lacv requires interest to be paid on such insurance procceds, Lender shall not be required to pay Borrower any interest or eamings on such proceeds. Fees for public adj itisters; or other third pazties, retaineci by Borrower shall not be paid out o£the insurance proceeds and shall be the sole 0'bligation of Borrower. If the restoxation or repair is noC econouucally feasble ox Lendec's security would 6c Izssened, the insurance procee�is shall be applied to £he sums secured by this Scciuity Instrument, 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 Section.2. If 13orrower abandons the Property, Lender may file, negotiate and settle any available insiaance claim and related matters. Tf$orrower does not respond v✓ithin 30 days to a notice from Lender that the insur�ce carrier nas offered to settle a claim, then Lender may neaotiate and settle the claun. The 30.day period will begin when the notice is given. In eithcr event, or ii Lender acquses the Yro�erty under Section 22 or otherwise, Borrower hereby assigns to Lender(a)Borrower's rights to any insurance proeeeds in an.amount not to exceed:ne amounts unpaid under the Note or this Securiry Instrmnent, and(b)any oti7er of Bonewer's rights (other than Che right to anv refund of unearned premium�paid Uy Borrower)under all insurance policies covering the Property, insofaz as such rights are appiicable to the coveragz of the Properry. Lender may use the v�surance proceeds either to repair or restore the Praperty or to pay amounts unpaid under the Note or this Security Instrument whether or not then due. 6. Occupancy. Borrower shall occupy, establish, and use the Propertv as Borrower's principal residence within 6D days after the�ecution of this Security InsYrumcnt and shall conrinue to occupy dze Property as Borrower s principal residence for at leasf one year after the date of occupancy, unlcss L,ender othera�ise � agrees in writing, which consenc shall not be unreasonably withheld, or unless extenuating circtunstances cxis�t which are beyond-Borrower's control. 7. Preservation, Maintenance and ProtecfiQn of the Property; Inspections. Borro�ver sliall not destroy, damage or impair the Properiy, atlow tta.e Property to deteriorate or commit�vaste on the Proper€y. Whether or not Bosower is residing in the Property, Bonower shall maintain the Property in ordzr to prevent the Property from deterioratuig or decreasing in value due to its condition. Unless it is detemuned pursuant to Section 5 that repair or restoration is not economically feasible, Bonower sh111 promptly re,pafr the Property i f damaged to avoid further deterioration or damage. If insurance or conde�smation proceeds are paid in conaecfion with damage to, or the taking of, fhe Properry, Borcower shall bc regponsible for repairing or restoring the Property only if Lender has releaseci proceeds for such purposes. Lender may clisburse proceeds 24002410 NEBRNSKA-SingleFamily-Fannic-lqaelFredtliebiacUNIFORA�iINSTRUA9EPiT � Form3C28?!01 VM?� VMP6(NEI(1'IOSj W olt=rs Kiuwer Fi�ancial Servfces PaSe]or 1]