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201208580 All insurance policies reqLurui Uy Lznder and renewals of such policies shall be subject to Lender's right to disapprove such policies, shall include a standard mortgage clause, and slia11 name Lender as mortgagee �d/or as an addirional loss payee. Lender shall have the right to hold the policios and renewal cettificates. lf Lender requires, Borrower shall prompdy give to Lender all receipts of paid preiniums and renewal noticcs. If Borrower obtains any form of insurance co��erage, not otherw�se required by Lender, for dasnage to, or destruction of, the Property, sucM policy shall inciude a standard mortgage Clause and�hall nama Lender as inortgagee and/or as an addilional loss payee. In the euent of loss, Borrower shall a ve prompt nofice to the insiQance carrier and Lender. Lender may make proof of loss if nat made prompfly by Borrower. Unless Lender and Borrower otherwise agce in. writmg, any insLuance proceeds, whefher or not the imderlying in$urance was required by Lendei, shall be applied to restoFation or repair of the Propaty, i£the reStoration or repair is economically feasible and Lender's security is not lessened. During such repair and restoration period, Lender shall have the righc to hold such insurance procceds until Lender has had an oppomuvty to inspect such Property to ensure the work has been completed to Lender's satisfactiAn, provided that such inspeetioa shall be undertaken promptly. Lender may disbta�se proceeds foi the repurs and restoratlon in a single payment or tn a series of pro�ess payments as the work is completed. Unless an agreement is made in writing or Applicable Law requires inYexest to be paid on such insurance oroceede, I.ender shall not be reqvired fo pay Borrower auy interest or eunings on such proceeds. Fc;es for public adjusters, or ofher third parties, rekained by 3orrower shall not be paid out of the 3nsurance proceeds aad shall be the sole obligation of Borrower. lf flie restoration or repair is not ecoaomically feasible or Lcnder's security would be lessenul, the insurance proceeds shall be applicd to the sums secured by this Security Instrmnent, whether or not then due, with the excess, if any, paid Co Borrower. Such insurance proceeds shall be applied in the ordzr provided for in Section 2_ If Borrower abandons the Properry, Lender may file, negotiate and�ettle any avulable insurance clauu and related matters. If Borrower does not respond witlun 3Q days to a notice from Lender fliat the insurance cazrier has offered to settle�elaiin, then Lender may negoriate and settle tha claim. The 30-day period wi11 begtn when.the nofice is given. In either even[, or:f Lender acquires the Property unda Section 22 or otheru�ise, Borrower hereby assi�s to Lender(a) Borro��er's righls co any viswance proceeds in an amouut not to exceed the amounts unpaid under the Note or flzis Security Instrument, and(b)auy other of Borrower`s righTs(oThec than the right to any refund of uneatned premiums patd by$orrower) under all uisurance policies covering flie Property, insofar as such rights are applicable tq flxe coverag�o�the Property. Lender xnay use the insurancc proczeds either to repair or restare the Properiy or to pay auiounts unpaid under the Note oi this Security Instnunent, whether or not�Yhen due. 6. Occup3nCy. Bonower shall occupy, establish; and use the Property as Borrower's principa]residence within 60 days aftcr the exccution of this Security Instrument and shall coutuiuc to occupy the Property as Borrower's principal xesldence for at least one year aC�er the date of occupancy, unless Lendes otherwise agrees in writing, wluch consent shall not be tu�rcasonaUly withheld, ar unless extenuating cucumstances exisY wluch are beyond Borrower's control. 7. Preservation, M aintenance and Proteciion of the Property; Inspections. Borrower shall nqt destroy, damage or impair the Property, allow the Pxoperty fo deteriorate oi commit waste on flie Properry. Whether or not Borrower is residing in the Property, Borrower shall maintain the Property in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless 1t is detemuned pursuant to Secrion 5 that repair or xestoration.is not econo'mically feasible, Borrower shall prompUy repait the Fcoperty if damaged Lo avoid further detcrioration or damage. If iusurance or condeinnalion proceeds aze paid in connection with damage to, or the taking of. thc Prcrperry, Borro�er shall be responsible for repair'via=or restoruig the Properiy�nly if Lender has released proceeds for such purposes. L,ender may disburse proceeds 24002435 NeBR4SKA-Si091e Family-Fannie blaelFreddie h1ac ONIFORM INSTRUfd ENT Form 302R 1101 VMP� VMPG(NE)(Va5) b'Jalie:s Kluw er Financial Services Pege]of S l