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�012a9400 amounts shall bear interest at the Mote rate from the date of disbursement an.d shall be payabie, with such intere.ct, upon narice from Lender to Borrower requesriag payment. .All insurance policies required by Y.ender and renewals of such policies shall be subject to Lender's right to disapprove such policies, s}zall include a standard mortgage cIause, and shall name Lender as mortgagee and/or as an additional loss payee. I.ender sha11 hava the right to hold �e policies and renewal certitf'iicates. if Lender re4uires, Borrower shatI promptly give ta Lender all receipts of paid premiums and renewal nadces. If Borrower obtains any form of insurance coverage, not otherwise required by I.ez►der, for damage to, or deatrucdon of, the Progerty, such policy shall include a standard mortgage clause and shall name LEnder as mortgagee and/or as an additional loss PaYee. In the event of loss, Borrower shall �ive prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made promptly by Borrower. Untess Lender and Bozrower otherwise agree in vuritimg, any insurance proc�eds, whether or not the underlying insurance was requir� by I.ender, shaU he appli� to reswration or repair of the Property, if the restaration or repair is economically feasible and Lender's security is not lessened. During snch repair and resioration period, Lender shall have the right to hold such insucance proceeds until Lender has had an opportunity to inspect such Property to ensure the work has bcen completed to Lender's sadsfacdon, provided that such inspection shatl be undertaken prompliy. Lander may disburse proceeds for the repairs and resWration in a single paym�t or in a series of progress payments as the work is completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such iusurance proceeds, Lender shall not be zequired to pay Borrower any interest or earnings on such proceeds. Bees for pubIic adjusters � or other third parties, retained by Borrower shall not be paid out of the insurance proceeds and shall be the sole obligadon of Borrower. If the restoration or repair is not economically feasible or Lender's security would be lessenefl, the insnrance proceeds shali be applied to the sums secured by this 5ecurity Instrumem� whether or not then dne, with the excess, if any, paid to Borrower. Such insurance proceeds shal� be applied in the order provided for in Section 2. If Borrower abandans the Property, I.ender may file, negotiate and settle any available insurance claim and related mauers. If Borrower does not respond withi�n 30 days to a notice froun Lender that the insurance carrier has offered to settle a claim, then Lender may negotiate and settle the claim. The 30-day period wiil begin when tha notice is given. In either event, or if Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights to any inaurance proceeds in an amount not to exceed the amounts unpaid under the Note or dvis Sexurity Instrum�ent, and (b) any other af Borrower's rights (other than the right to any refund of uneamed premiums paid by Bortower) under all insurance policies covering 8ie Property, insofar as such rights are apglicable to the coverage of the Property. Lender may use the insurance proceeds either to repair or restore the Property or to pay amounts wnpaid under the I�Tote or this Security Instrument, whether or not then due. 6. O�ugancy. Borrower sball accupy, establish, and use the Propezty as Bonower's principal residence within 6U days after the executian of this 5ecurity Instrument and shall continue to ocxupy the Property as Borrower's principal residence for at least one year after the date of occupaacy, unl�ess Lender otherwise agrees in writing, which consent shall not be uareasonably withheid, or unless extenuating circumstances axist which are beyond Borrower's control. 7. Preseiwation, Maintenance and Prot�fiton of the Property; Inspect�ons• Borrawer ahall not destroy, damage or impair the Property, allow the Propeily to deteriorate or commit waste on the Property. Whether or not Borrower is residing in t3ia Froperty, Borrowar shall maintain the 1'roperty in order to prevent the Property from deteriorating or decreasing in value dua to ics condition. Unless it is determined pursuant to Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Propezty if damaged to avoid further deterioration or damage. If i�.surance or condemnation proceeds are paid in connection with dama.ge to, or the talaing of, the Property, Borrower shall be zesponsible for repairing or restaring the Praperty only if Lender has released proceeds for such purpctses. Lender may disbuxse proceeds for the repairs and restoration in a single payment or in a series of progress payments as tha work is completed. If the insurance or candemnation proceeds aze not suff'icient to repair oz restore the Property. Borrower is not relisved af Borrower's obligation for the completion of such repair or restoration. NEBRASKA—Single Family--Fannie Mae/Freddie Mec UNIFORM INSTRUMENT Form 3028 1/01 Page 6 of 14 Dodategtc � www.docmagk.�m � � Ne30?.8.dot,xmi