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201209435 All insurance policies required by L.ender and renewals of such policies shall be subject to Lender's right to disapprove such policies, shall include a standazd mortgage clause, and shall name Lender as mortgagee and/or as an additional loss payee. Lender shall have the right to hold the policies and renewal certificates. If Lender requires, Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any form of insurance coverage, not otherwise required by Lender, for damage[o, or destruc[ion of, the Property, 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 give prompt notice to the insurance carrier and Lendec Lender may make proof of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any insurance proceeds, whether or not the underlying insurance was required by Lender, shall be applied to restoration or repair of the Property, if the restoration or repair is economically feasible and Lender's security is no[lessened. During such repair and restoration period, Lender shall have the right to hold such insurance proceeds until Lender has had an oppommiry to inspect such Property to ensure the work has been completed to L.ender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse proceeds for the repairs and restoration in a single paymen[or in a series of progress payments as the work is completed. Unless an agreement is made in wri[ing or Applicable Law requires interest to be paid on such insurance procceds, Lender shall not be required to pay Borrower a�y interest or earnings on such proceeds. Fees for public adjusters, or other third parties, retained 6y Borrower shall not be paid out of the insurance proceeds and shall be the sole obligation of Borrower. If the restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be applied to the sums secured 6y this Security [nstrument, whether or no[ then due, with the excess, if any, paid to Bonower. Such insurance proceeds shall be applied in the order provided for in Section 2. If Borrower abandons the Property, Lender may file, negotiate and settle any available insurance claim and related matters. If Sorrower does not respond within 30 days to a notice from L.ender that the insurance carrier has offered[o settle a claim, then Lender may negotiate and settle the claim. The 30�ay period will begin when the notice is given. I�either event, or if Lender acquires the Property under Section 22 or o[herwise, Bonower hereby assigns to L.ender(a) Borrower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid under the Note or this Security Instrument, and(b)any other of Borrower's rights (other than the right ro any refund of uneamed premiums paid by Borrower)under all insura�ce policies covering the Property, insofar as such rights are applicable ro the coverage of the Property. Lender may use the insurance procceds either to repair or resrore the Property or ro pay amounts unpaid under the Note or[his Security Ins[rument, whether or not then due. 6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within 60 days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower's principal residence for at least one year afrer the date oF occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or impair the Property, allow the Property to deteriorate or commit waste on the Property. Whether or not Bonower 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 it is de[ermined pursuant ro Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if damaged ro avoid further deterioration or damage. If insurance or condemnation proceeds aze paid in connection with damage to, or the taking of, the Property, Borrower shall be responsible for repairing or restoring the Property only if L.ender has released proceeds for such purposes. Lender may disburse proceeds NEBFASKA-Sinple Family-Fennie Maeffredtlie Mac UNIFORM INSTPUMENT Form 3028 1101 VMP� VMP6INE)11105L�0 Woltors ttluwer Finandal Services Page�ot 1]