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201210487 All i�surance policies required by Lender and renewals of such policies shall be subjecf 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 fotm of insurance wverage, not o[herwise required by Lender, for daznage to, or destruction 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 Lender. Lender may make proof of loss if not made prompNy by Bonower. Unless Lender and Borrower otherwise agree in writing, any insurance proceeds, whether or not the underlying insurance was required 6y Lender, shall be applied to restoration or repair of the Property, if the restoration or repair is e�onomically feasible and L.ender's security is not lessened. During such repair and restoration period, Lender shall have the right to hold such insurance procceds until Lender has had an opporhanity to inspect such Property to ensure the work has bcen completed to Lender's sa[isfaction, provided that such inspection shall be undertaken prompUy. Lender may disburse procceds for the repairs and restoration in a single payment or in a seties of progress payments as the work is completed. Unless an agreement is made in writing or Applicable Law rcqu'ves interest to be paid on such insurance proceeds, Lender shall not 6e required to pay Borrower any interest or earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Borrower shall not be paid out of the insurance proceeds and shall ba the sole obliga[ion 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 by this Security [nstrument, whether or not then due, with the excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the order provided for in Section 2. [f Borrower abandons the Property, Lender may file, negotiate and settle any available insurance claim and related matters. If Borrower dces not respond within 30 days to a notice from Lender that the insurance carrier has offered to settle a claim, then Lender may negotiate and settle the claim. The 30-day period will begin when the no[ice is given. In either event, or if Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to Lender(a) Borrower's rights[o any insuraace proceeds in an amount not to exc�d the amounts u�aid under the Note or this Security Instrument, and @)any other of Borrower's rights (other than the right[o any refund of uneamed premiums paid by Borrower)under all insurance policies covering the Property, iatofaz as such rights aze applicable[o the wverage of the Property. Lender may use the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the No[e or this Security Instrument, whether or not then due. 6. Occupancy. Borrower shall occupy, establish, and use the Property as Bonower's principal residence witUin 60 days after the execution of this Security Instrument and shall continue ro occupy the Property as Borrower's principal residence for at least one year after the date of occupancy, unless I,ender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which aze beyond Borrower's con[rol. 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 uot Horrower is residing in the Proper[y, Borrower shall maintain the Properiy in order to prevent the Property finm deteriorating or decreasing in value due to its wndition. Unless it is determined pursuant to Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioradon or damage. If insurance or condemnation proceeds are 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 NEBRASKA-Single Family-Fannie Mae/F�edtlie Mac IINIFORM INSTFUMENT Form 3028 1(01 VMP @ VMP6ME1(11051.00 Wolters Kiuwer Financiel Services Pege]ot 1 J