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201210795 All insurance policies required by Lender and renewals of such policies shall be subject to Lendcr s right to disapprove such policies, shall include a standarci rnortgage claa,e, and shall name L.ender as mortgagce and/or ag an addirional loss payee. Lender shall have fhe rig[rt to hold the policies and renewal certificafes. If Lender requires, Borrower shall proiaptly give to iznder all receipts of paid premiums and rencwal notices. If Bon-owcr oUtains any form of insurance coverage; not otherwise required by Lender, for damage tq or destruc4ion of, the Properly, sueh policy shall inelude a standaid mortgage clause and shall name Lknder as mortgagee and/or as an additional loss payee. In the event of loss, Borrower shall give promp[notice to the insurance carrier and Lender. Lender may make proof of loss ii not made prompfly by Bonower. Unless Lender and Rorrower otherwise agee in writing, any insurance procccds, whether or not the underlying insurance was rcquired Uy Lender, shall be applied to restoration or repair of the Property, if the restoration or repair ie ecoaomically feasible and Lender's security is not lessened. During such repair and restoration period, Lender sha11 have flie right to hold such insurance proceeds uirt11 Lendec has h�d an opportwuty to inspect such Propetty to ensure the work has been campleted to Lender's sarisfaction, provlded that sueh inepection shaTl be imdertalien promptly. Lenda may disburse proceeds for the repairs an@ restoration in a singte payment or in a series of pro�ess payments as the work Is completed. Unless an ageemant is inade in vrziting or Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not be required to pay Borrower arry interest or earnings on such procceds. Fees for public adjusters, or oflier third parties, retained b}�Borrbwer shall not be paid ouC of the insutance proceeds and shall be the sole obligarion of Bonower. 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 Instrument, whethec ar not then due, with the e�ess, if any, paid to Borrower. Such insuranee proceeds shall be applied in the order provided for in Section 2. If Borrower abandons the Pxoperty, Lznder may file, negptiate and settte any available ins��ce claim and related xnatters. If Borrower does not respond usthin 30 days to a notice from Lender that the insurance camer l�as offered to settle a claim, then Lender may negotia#e and settle the claun. Thc 30-day period will begin when the notice is given. I�i either event, or if Lender acquires the Property under Section 22 or otherwise, Borrower hereby a9signs to Lender(a)Borrower's rights to any insurance pxoceeds in an ampuat not to excecd thc atnoLurts nnpaid under the Note or this Security Instrument, and(b)any other of Borrower's rights(other than the righf Co any refuud of Luieamed premi.ums paid by Borrower)under a11 insurance policies covering the Property, insofaz as such rights aze applicable to the wverage of the Property. Lender may use the insurance proceeds ei[her to repair or restore the Property or to pay amounts unpaid under the Note or this Sec�sity ln.sh-�unent, �vhether or not then due. 6. Occupancy. Borrower s1�a11 occupy, establish, and use flie Property as Borrower's principal residence R�ith3n 60 days after the execntion o£Utis Seauity Instriunent azid sha11 conl.inue L�occupq the Property as Borrower s nrincipal residence for at Ieast one yeaz after the date of occupancy, unless Lender otherwise agrees in writing, which coi�sent shall not be unreasonably wifhheld, ot unless extontiating circumstances exist��hich aze heyond Borrower s amnol. 7. Preservation, M aintenance and Protec4ion of the Property; Inspections. Borrowa shall not destroy, damage or impaii the Paoperty, allow the Pxopett�y to detexioratc or coinmit waste on the Fraperty. Whether or not Borrower is residin�=in the Property, Borrower shall maintain the Property in ordcr to prevent the Propetry$om deterioxating ox decreasing in value due to its condition. Unless it is deteimined pursuant to Section 5 [hat repair or restora[ion is not economicaliy#easible, Borrower shall promptly repair the Property if damaned to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in connection�ith damage to, or the taking of, the Property, Borrower shall be responsible tor repairing or resforing the Property only if Lender has released proceede for such purposes. Lender may disburse proceeds zaoosasa NEBRASKA-Single Family-Fannie WaelFredtlia Mac UNIFOWd INSTRUM ENT Fo�m 3028 t/01 Vbi P� Vh1P6(NE)(t 105J W olters Kluwer Flnanclel Services Page 1 of�]