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201209535 All insurance policies requued by Lendu and ienewals of such policies shall be subject to Lender's right to disapprove such policies, sha11 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, Boriower shall�omptly giv�to Lender all receipts of paid premimns and renewal nofices. If Boaower obtains az�y fQrm of insurance coverage, not otherwise requ�ed by Lender, for damage to, or destrucrion 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 sliall give prompt notice to the insurance carrier and Lender. Lender may make proof of Ioss if not made promptly bp F3orrower. Unless Lender:md Borrower otherwise agree in writing; any insurance proceeds, �uhether ar not the underlying insucancc wa,e required by Lender, sl�all be applied to restoration or repair of the Property, if the restoration or repair is economically feasible and Lender's security is not lessened. During such repair and restora{�on period, Lender shall have the right to hold such insurance proceeds until Lender has J�ad an opporhuuty to inspect such Propzrty to ensure the wark has Ueen cotnpleted to Lender s satisfaction, provided that such inspection shall bz undertaken promptly. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the woik is completed Unless an agreement is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, I,ender sha11 not be required to pay Boaowex any interest or earnings on such proceeds. Fees for public adjusfers, or other third pu-[ics, reiained'by Borrower shall not bepaid out of flie insurance proceeds and shall be Lhe sole obligation of Borrowec. If the restoration or repair is not economically feasible or Lender's seeurity would be lessened, the msurance proceeds shall Ue applied to the sums secured by this Security InstrumenC, whether or not then due, wiflx the excess, if any, paid to Borrower. Such insurancc procceds shall.be applied in the order provided.for in Section 2. Tf Borrower abandons the Property, Lender may file, negotiate and settle any available insurance claun and related matters. If Bozrower does not respond within 30 days to a no4ce from Lendex that the insurance carrier has offered to settle a claim, then Lendex may negoriate and settle the claim "1'he 30-day period will begin when the norice is given. In either event, or if Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to Lender(a)Borrowcr s righ[s to any insurance proceeds in an amount not to excced the amounts unpaid under the Note or this Security Instrument, and(U} any other of Bonower`s rights(oiher Yhan the rigJrt to any refiind of unearned premiums paid bq Boirower)undei all insurance policies covering the Property, in�oiar as such rights are�applicable to the coveraee of the Property. Lender may use the insL�rance proceeds either to repair or resYore the Property or to pay amounts unpaid under the Note or this Security Instnuneut, whether or not then due. 6. Occupancy. Borrov✓er shall occupy, estab&sh, and use the Property as Borrower's principal residence w7thin 60 days ali:er the executicm of tUis Security Instrument and shall continue W occupy tihe Properiy as Borrower's piincipal residence for at least one year afta the date of occupancy, unless Lender otherwise agrees in writing, whioh consent Shall not be uareasonably withheld, or tu�less extenuating circumsfances exist which aze hcyond Barrawer's conh-ol. 7. Preservation, Maintenance and Protection of the Property; Inspections. Barrower shall not destroy, damage or unpau the Properiy, allow the Property io de[eriorate or cominit R-aste on the Property. Whether or not Borrower is residing in the Property, Borrower shall mamtain the Property m order to prevent the Property from de[erioraYing or decreasing in value due to its condition. Unless it is determined pissuant to SecTion 5 that repair or restoration is not economically feasible, Borrower shall pro�nptly repair flie Property if ciatnaged to avoid fiarthcr dctcrioration or dama�e. If insurance or condemnation proceeds aze paid in connection with damage tq or The taking o� the Pxoperty; Borzower shall be xesponsible£or repairv.tg or restoring the Property only if Lender has released proceeds for such pwposes. Lendcr inay disUurse proceeds zacozTaz NEBRASICASingle Famity-Fannie M aPJrreddie h1 ac JNIFORtd INSTRqh1 ENT Porm 3028 110 i �ry'�P OO V�J�P6(NE)(t 1 O5J VJolters KWw er Financial Services Page P of 1]