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201209558 All iasurance policies required by Lender and renewals of such policies shall be subj ect to Lender's right to disapprove suchpolicies, shall include a standazd moxtgage clause, and shall nan�e I,ender as martgagee and/or as an additional loss payee. Lender shall have the right to hold the polieies and renewal certificates. If Lender requires, Borrower shall promptly give to Lender all receipts of paic3 premiums and renewal norices. If Bonower o6tains any form of'insurance coverage, not otherwise required by Lender, far damage fq or destrucrion of, the Property, such policy shall include a standard mortgage clause and shall name Lenda as inortgagee ancUor as an addiYional loss payee. In the ecent of loss, Bonower shall�ve prompt norice Yo the insurance cazrier and Lender. I.ender may make proof of loss if not made prompdy by Borrower. Unless Lender and Borrou�er otherwise agree in writing, any insurance proceeds, whether or not thc underlying insurance�vas reqLured by Lender, shall be applied to restoration or repair of the Propeity, if the r�toration or repair is ecouomically feasiUle and Lender's security iS not lessened. Duiing such repair and restora[ion perlod, Lender shall have the right to hold sucli..insurance proceeds until Lender has had an opportunity to inspect such Properiy to ensure the work has been completed to Lender's satisfaction, providsd that such inspeckion shall be undcrtaken promptly. Lender may disburse proceeds for rhe repairs and restorarion in a single payment or in a seriu�of ptogress payments as the woxk is completed. Unless an a�m-eement is made in wriYing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not be required to pay Borrowac any interest or earnings on such proceeds. Fcx.s for public adjusters, or other third parties, retained by Borrowcr shall not Ue paid oLit of the insurance proceeds and shall he the sole obligaUon of Borrower. If tI�e restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be applied to the sums sec�ueed by this SecLuiry Instrmnent, whether ar not tfien due, with the excess, if any, paid to Barrower. Such insurance proceeds shall be applied in thc order provided for m Secuon 2. If Borrowcr abandons the Property, Lender may file, negotiatc and settle any available insurance claim and related mztters. I(Borrower does not respond withiu 30 days to a notice from L.ender that th8 insurance carrier has offered to settle a claim, then Lender inay ncgotiate and settle ttte claiLn, The 30-day period wil] begin when the notice is given. In eithcr evenL or i f Lender acquires the Property under Section 22 or otherwise; Sorrower l�.ereby assigns to Lender(a) Bosower's rights to any insurance prpceeds in an ainoLmt not to�ceed the amounts nnpaid under the Note or tlus Security Instr-ument, and(b) any other of Borrower's rights (other#han the right to any refund of m�eamed prerznums pald by$orrower)uader all insurancc pnlicies covering the Property, insofaz as such rights aze applicablc to thz coverage of the Property. Lender may use fihe insurance proceeds either to repair or restore the Property or to pay ainounts unpaid under the Note or this Sec2lrit�y Ins�uinent, whether or not theai due. 6. Occupancy. Borro��er shall occupy, estaUlish, and use the Property as Borrower s principal residence within 60 days aftcr the cxecurion of this Security Instrument and sha11 contiuue to oecupy tl�e Property as Borrower's principal residence for at 1e�C one yeaz after the date of occupancy, unless T�der oCherwise agrees in writing, which consent shall not be unreasonably u�thheld, or unless extenuating circumstances esist which are beyond 3orrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or unpair the Property, allow the Property to deteriorate or commit waste on the Property. Whether or not Borrower is residing in the Property; Borrower shall maintain the Pioperty in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is determined pursuant Co Section 5 that repair or restorarion is not economically feasible, 13orrower shall prompfly repair the Propaty if damaaed to avoid fiuther deterioratiou or damage. If insurance or condemnation proceeds aze paid in c;onnection with daznagc tq or the taking of, the Property, Borrower shall be responsible for repairing or restoring the Property only if I,ender has released proceeds for such pnrposes. Lendzr may disburse proceeds zaaez�s? NEBRASKA-Single Family-rannie M ae,'Fretltlle M ac UN IFORIoi INSTRUM ENT Form 3028 1101 VNi P� VM Pfi(NE)(1105) bl'olters Kluwer Financial Services Page]of t]