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201208789 All insurance policies requiied by Lender and xeuewals Qf such policies shall be subject to Lender's xight to disapprove such policies, shall include a s[andard mortgage clause, and shall name Lender as mortgagee and/or as an cdditionai lose payee. Lender shall have the right to hold the policies and renewal cerrificates. If Lender requires, Borrowcr shall promptly give to Lender al1 receipts of paid pren.uums and renewal nofices. If Borrower obtains any form oi insurance coverage, not otherwise required by Lender, for dam.age to, ar destruckiott of, the Property, such policy shall utclude a standard mortgage clause and shall name Lender as mortgagee and/or as an adciitionalloss payee. In the event of loss, Borrower shall gve prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made proinptly by Borrower. Unless Lender and Borrower other�vise agrc�in writing, any insueance proceed�, v✓hether or not the underlying insurance was required by Lender, shall be applied to restoration or repair oP tl�e Property, if the restoration or repair is economically feasible and Lender's security is not lessened. Dm�ng such repau and restorauon period, Lender shall have the right to hold such iilsurance nroceeds until L.ender has had an opporfanity to Inspect such Property to �nst�re the wotk has bean completed W Lmder's satisfacflon, prov�ided that sueh inspection shall bc undertaken promptly. Lender inay disburse proceeds for the repairs.and restoration in a single payment or in a series of progress payinents as The work is completed. Unless an agreement is made in writing or Applicable Law requires interest to Ue paid on such insm-ance proceeds, Lander shall not be required to pay Borrower any interest or earnings on such proceeds. Fees for public adjusters; or other third partics, retained by Borrower shall not be paid out of the insuiance proceeds and shall be the sole obligation of Borrower. If flze restoration or repair ia not economically feasible or Lender's security would be Icssened, the insurance proceedS shall Ue applied to the sum� secured by this Security Instnune�nt, urhether or not tl�en due, with the excess, if any, paid.to Borro�ver. Such insurance proceeds shall be applied in flie order proviacd for in Secflon 2. df Borrower abancions the Property, Lender ma5�file, negotiate and settle any available insurance claim and reIated matters. df Borrower does noe respond v✓itiiin 3fi days to a notice from Lender tiiat the insurance carrier has ofE red to settle a elaim, then Lender�nay negotiate and settle the cla'rxn. T7ie 3D-day period will begin��hen the notice is given. In eithzr event, or if Lender acquires the Properry unrler Seclion 22 or otherwise, Borrower hereby assigns to Lender(a)Borrower s rights to any insurance proceeds in an amount not to exceed.the amounts wapaid under the Note or this Security Instrument, and(b) any other of Borcower's rights (otkec than the right to any refund of uneamed premlums paid by Bozsower)und�all insurance policies eqvcring the Property, insofaz as such rights are apylicable to the coverage of the Property. Lender may use the insurance proceeds either tQ repair or reseore the Property or to pay amomrts unpaid under the Note or fliis Securiry Instnunent, whether or not then due. 6. Occupaney. Borrower shall occupy, �tablish, and usc the Properry as Borrower's principal residcnce withiv.60 days after the executeon of this Security insfrument and shall continue Eo occupy thc Property as $orrower's princioal residcnce for at ieast one year after the date bf occupancy, uniess Lender othena�ise agrees in writing, which covsent shall not be uxu-easonably�z�ithheld, or unless extenuaring circumstances exist�vhich aze beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Bonower shall not destroy, damage or impait the Pmper[y, all4w the Proper(y to deteriorate ar eoxcunit�waste on the Property. �ether or not Borro�ver is residu�g in the Property; Borrower shall maintain ihe Property in order to prevent the Propeity from deteriorating or decreasing �n value due to its condition. Unless it is determmnuied pursuant to SecYion 5 that repair or restoxation is not econoinically feasible, Borrowei sha11 promptly repair the Prope:ry if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds aze paid in connection with duns�e to, or the iaking of, the Properry, Borrower shall he:esponsible for repa:ring or restaring the Property only if Lender has released proceeds for such�urposes. Lender may disburse proceeds 24002451 NE3RASKA-Single Family-Fannie 64ae,'Fredtlie Mac ONIFORfr1 INSTRUMENT Fotm 3028 1101 vrn P� vna asM�(�i a s) `NoRers Kluw e�Financ!al Services Pzge]of 1]