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201209483 All insurance policies required by Lender and renewals a£such policies shall be subject to Lendea's right to disapprove such policies, sl�all include a standard mortgage clause, and shall name Lender as mortgag.e and/or as an additional loss payee� I ender shall have the right to hold the policiea and renewai certificates. If Lender requires, Borrower shall prompUy give to Lender all receipts of paid premiums and renewal notices. If Borcower obtains any form of insurance coverage, not otherwise required by Lender, for damage to, or destruction of, the Property, such policy shall include a standard mortgage clause and shall name Lander as mortgagee and/or as an additional loss payee. In the event of loss, Borrower shall give prompt notice to the insurance c�rrier and Lender. Lender may make proof of loss if not mad.e promptly by Borrower. Unless Lender and Borrower otherwise agree in writir.g anv insurance proceeds, whether or not the underlying insurance�vas required by Lender, shall be applied to restoration or repair of the Property, if the restoration or repair is economieally feasible and Lender's security is not lessened. During such repair and restoration period, Iznder shall have the right to hold sucl�insurance proceeds until Lender has had an opporiunity to inspect such Property to ensure the �vork has been completed to Lender's satisfaction, pro�ideci Chat such inspection shall be Lmdertaken promptly. Lender may disburse proceeds for the repairs and restoration in a sing�e payment or in a seties of progress payments as the work is completed. Unless an agrcement is made in writing�r Applicable Law requires interc�t to be paid on such insurance proceeds, Lender shall not be required to pay Borrower any interest or eazuin2s on such proceeds. Fees for public adjuster, or other third parties, retaineci Uy Boaoa�er shall not be paid out of the insurance proceeds and sha11 he the sole o6ligation of Bosower. If the restoration or repair is not economically feasible or Lender's secisfty would be lessened, the insurance proceeds shall be appli.d to the sums secured by this Security Instrument, whethet or not then due, wiih the excess, if any, paid to Borrower. Such insurance proceeds shal]be applied in the order provided for in Section 2. If Boaower abandans The Properry, Lender may file, negotiate and setHe any available insurance claim and related mattexs. If Bprrower does not respond within 30 days to a notiee from Leader that the uisutanee carricr has offered to settle a claim, then Lender may negotiate and settle the cIaim. The 30-day period wi11 begin when the notice is giz�en. In either event, or If Lender acquires the Property Lmder Section 22 or oTherwise, Borrower hereby assigns to Lendex (a) Borrower's rights fa auy insurance proceeds in an amouni not to exceed the amounts unpaid under the Note or this Security It�sstrument, and(b) any otha of Bonower's rights(other than the right to any refund of unearned prenuums paid by Borrower)under alI insurance policies covering the Property, insofar as such rights are applicable to the coverage of the Property. Lender may use the insuranee proceeds cither to repair or restore the Properry nr to pay amounts unpaid uttder the Note or this Security Instrument, whether or not then due. 6. OccupanCy. Borrower shall occupy, esfablisll and use the Property as Borrower's principal residence within 60 days after the exeeution of this Security lustnunent aud skmll wntinue to occupy the Propertc as Borrower's principal residznce for at least one year after the date of occupancy, uniess Lender olherwise aa ees in writiug, which copsene shal]not be iaiseasonaUly withheld, or unless exEenuating circumstances eust which are 6eynnd Borrower's control. 7. Preseevation, M aintenance and Protection of the Property; Inspections. Bo�Yower shall not de;troy, damage or impair the Proper[y, allow the Properry to deteriorate or coxxunit waste on ihe Property. Whether or not Borrower is residing in the Properiy, Bonower sha11 maintain the Property in order Co prcvent the Proparty from deteriorating or decreasing in value due to iYs contlition. Unless it is detemvned pursuant to SeGtion 5 that xepair or restorarian is not economically feasiUle, Borrower shall prmnptly repair tfie Property if dama�ed to avoid fiuiher dcteriaration or darnage. If insurance or condenmarion proceeds azc paid in connecflon with datnage to, or the taking of, the Property, Borrower shall be responsible for repairing or restoring the Psoperty only if Lender has released pmcezds for such purposes. Lender may disburse proceeds saooz��s NEeRASKA-Single Family-Fannfs 61ae/Freddie bl ac UNIFORM INSTRUl.1 ENT form 3028 tl01 VM?� VMPB(NE)(1105) Wolters Kluwer Fnanvia Services Page]of i�