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201210011 All insurance policies required by Lender and rene��als of such policies shall bc sub_ject to Lender's right to disapproce such policies, sliall includc a standard morigagc clause, and shall name Lender as mortgagcc and/or as azi additional loss payce. Lender sl�all t�ave the nght to hold the policics and renewal certificates. If Lender requires, Borrower sl�ll promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any form of insurance coverage, not othenvise required by Lender, for damagc lo, or destruction of,the Properry, such policv sktall include a staiulard mortgage clause and shall name Le�uler as morigagee and/or as an additional loss pa;�ee. In the event of"loss, Borrower shall give prompt notice to the iiuurance carrier and Lcndcr. Lendcr mav makc proof of loss if no[made pmmpth by Borro�ver. Unless Lcndcr and Boirower otheraise agree in writing, any ic�surance procccds, w�hether or nol[he underlying insurance was rcquircd by Lender, shall be applied to restoration or repair of the Properiy, if the restoration or repair is economically feasihle and Lender's sccurit�•is not lesscned. During such repair and restor�tion period,Lender shall havc thc right to hold such insurance proceeds until Lender t�as had an opportunity to inspect such Property to ensure the work has been completed to Lender's satisfaction, provided that such inspection shall be underlaken proinpUy.Lender may disburse proceeds for the repairs and restontion in a single payment 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 insurance proceeds,Lendex shall not be required to pay Borrower any interest or camings on such proceeds. Fees for public adjusters, or other tturd parties, retained by Borrower shall not be paid oul of the insurance procceds and shall be the sole obligation of Borrowcr. If thc restoration or repair is not economically feasible or Lender's secunty K-ould be lessened,the insurance proceeds sl�all be applied to the sums sccured by this Securih� Instrumem,whether or not then due, with thc csccss, if airy, paid to Borrower. Such insurancc proceeds shall be applicd in the order provided for in Section 2. If Borrower abandons lhe Property,Lendcr may file, negotiate and settle any available insurance claim and related mattcrs. If Borrower docs not respond within 30 days lo a nodce from Lender tt�at the insurance carrier t�as offered to settle a claim,then Lender may negouate and setUe the claim. The 30{]ay period�vill begin when lhe notice is given. In either event, or if Lender acquires the Property under Section 22 or othcrwise,Borrower hercby assigns to Lendcr(a)Bonowers rights to any insurance proceeds in an amount not to esceed the amounts unpaid under the Note or this Secudty lnsuumcnt, and(b) am other of Borrower's rights (other than the right to anp refund of uneamed premiums paid by Borro�;�er)under all insurance policies covering the Property, insofar as such rights are applicablc to lhe coveragc of thc Properh-. Lender may use the insurance pmceeds either to repair or restore the Property or to pay amourns unpaid under thc Note or this Securilv inshument. whether or not then due. 6. OCcupancy.Borrower shall occupy, establish, and use the Properly as Borrower's principal residence within GO days afier[hc execution of this Sccurity Instmment and shall continue to occup}-the Property as Borrower's principal residence for al least one year after the date of occupancy, uniess Lender oQiery�-ise agrecs in writing,wldch consent stiall not be umnasonably withheld, or unless extennating circumstances exist��hich are beyond Borrower's controL 7. Preservation,Maintenanceand Protectionof the Property;Inspections.Borrower shall not destroy, damage or impair Ihc Property, allow lhe Property to deteriorate or commit�vaste on the Property-. Whether or not Borrower is residing in the Property,Borrower shall maintain the Properh� in ordcr to prcvcnt thc Proper[v from deterioraling or decreasing iu valuc due lo its condition. Unless it is detemuned pursuant to Section 5 tltat repair or restoration is not economically feasible,Bonower shall prompdy repair the Property if damaged to avoid further detcrioration or damage. If insurancc or condemnaUon proceeds are paid in connection�vith damage to, or the taking of, the Propertc,Borrowrer shall be responsible for repairing or resroring the Proper[y onl7 if Lender kias rcicased proceeds for such puiposes. Lender may disburse proceeds NEBRASKA-Single Famity-Fannie MaNReddle Mac LINIFORM INSTRUMEPIr Fortn 3D281101 VMP� VMP6(NE)(110�00 Woltars Hluvrer Flnanelal 6ervicas p�ye�oi p