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201208675 If Bosower fails to mxintain any o£the coverages described above, Lender may obtain inc��ran� coverage, at Lender`s option anci Borrowex's expense. Lender is under no obligation to purchase any particular type oz amonnt of coverage. Therefore, such coverage shall cover Lender, but might or mighi not protect Borrower, Borrower's equity in the Properry, or the contents of the Properiy, against any zisk,hazard or liability and mighY provide greater or lesser coverage than was previously in effect. Borrower acknowledges that the cost of ihe insurance coverage so obtainetl might significaaHy excced the cost of iasisaace that Sosower cauld have obtained. Airy amounts disbursed by Lender i.mder this Sec6on 5 sHall become addifional debt of Borrower secured by this Security Jnsiz�unent. These aznoimts shall bear interest at the Note rate from the date of ctisbursement and shall be payable, with such interest, ugon notice from Lender fo Borrower requesring payment. AIl iasurance policies required by Lender and renewals of svch policies shall be subject to Lender's rigflt to disapprove such policies, shall include a standard�mortgage clause, and shall name Lender as mortgagee andJar as au adtlitional Ioss payee. Lender s]�all have the rigfit to hold the policies and renawal certificates_ ff Lender requires, Borrower st3atl prompily give to Lender all receipts of paid premiums and rene�val notices_ If Borrower obtains any form of insurance cover�e, not othenvise required by Lender,for damage to,or destruction of,the Property, such policy sball include a standard mortgage cFause and shalt n�une Lender as mortgagee and/or xs an addiuonal lass payee. In the event of loss, Borrower shall give prompt notice to the insixrance carrier and Lender. Leudec may matce proof of loss if not made prompfiy by Borro�ver. LTnless Lender and Borcower otherwise agree in writing, any iasurance proceeds, wflether or not the undertying insurance was required by Lender, shall be applied to restoration or repair of the Properiy, if the restoration or repair is economically feasible and Lender's security is not lessened I3uring such repair and restoration period, Lender shall have the right to hold such �n�»nC0 proceeds until Lender has fiad an opportlmit5� to inspecf such Progerty to ensure the urork has been completed to Lender's satisfaction, proczded that such inspection shall he tmdertatcen pramptly. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is compieted. ITnless an agreement 9s made in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shali not be requixed to pay Borrower any znterest or earnings on such proceeds. Fees Por public adjusters, or oTher thircl parties, reiained by Bosower shail not be paid out of ihe iasurance proceeds and shall be the sole obIigation of Borrower. If the restoration or repair is not economically feasibie or Lendez's secuzity would be lessened, the nis�anee proceeds sha21 be applied to the sums secured by ihis Security Instrument, whether or not then due,with the excess, if any,paid to Borrower.Such insurance pzoceeds shall be applied in the order provided for in Section 2. If Bonower abandons the Property, Lender may file,negotiate and settIe �ry available insurance claisn and related matters. If Borrower does not respond within 30 days to a aotice from Lender ihaE the �n��nce eazrier has offered to settle a claim,then Leader may negotiate and settle the claimThe 30-day geriod will begin s�hen the notice is given. In either event, or if Lender acquires ttae Properiy �ander Seciion 22 or ofherwise, Borrower hereby assgns to Lender (a) Borrower's rights to arry insi.gance proceeds in an amount noY to exceed fhe amounts unpaid under the Note or this Sacurity Instrument, and @) any other of Borrower's rights (other tlian the right Eo ax�y refund of tmearned premitams paid by Borrower}under 3ll inctiranCe policies covering the Property, insofar as such rights xre applicable to the coveruge of the Progeny. Lender may use the ine„rance proceeds either to repair or restore the Property or to pay amoimts unpaid vnder the Note or this Security Fnstnunent, whether or not fhen due. 6. OeCttpanoy. Borrower shall occuP3�, establish, an.d use the Property as Bonower's princigal residence within 60 days after the execution of this Sec�riry Instnunent and shall continue to occupy the Properry as Borrower's principal residence for at least one year af�er the tiaie of occup�ancy, unless Lender othereuise agrees in writino, which consent shall not be unreasonably withheld, or unless ea�tenuatirtg eircumstanees exist�vlueh dre beyond Borrowex's controI. NEBRASKA�Sine�a FamiN-Fanrtie Mae/Fre�e Mac UNIWRM INSTRUMEN7 Fam 3�28�roi VMP� VMPS(N� I710�.00 WoUers Muwer Fnancial Scrvices � Page 6of15 ((ul�'�)�I��II�'�7�I��"�!'��I�t�I'��u(I��I�)