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201301557 All insurance policies required by ].ender and renewals at such policies shall be subject to Lender s right to disapprove such policies. shall Include a standard mortgage clause, and shall name Lender as mortgagee and/or as an additional loss payee. Lender shall have the nght to hold the policies and renewal certificates. W Lender requires. Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices If Bon-ower obtains an form of insurance coverage, not otherwise required by Lender, for damage 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 toss. Borrower shall /give prompt notice to the insurance carrier and Lender. Lender may make proof of toss if not made promptly by Borrower Unless Lender and Borrower otherwise agree in w riling, am mrsurance proceeds, whether or not the rudely Lag ilrsmallee was requited Ci) Lender, shall be applied to restoration or repair o€ the Properly. If the lestorauol or repair is econonacalh feasible and Lenders security is not lessened Owing such repair and rcslnration penod, Lender shall have the tight to hold such insurance proceeds until Lender has had an opportunity to inspect such Property to ensure the work has been completed to Lender's satisfaction.provided that such Inspection shall be undertaken promptly. Lender may disburse proceeds for the repairs and restoration in a single pay ment or in a series of progress payments as the work is completed. Unless an agreement is made in writing m Applicable Law requires interest to be paid on such insurance proceeds. Lender shall not be required to pa) 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 be the sole obligation of Borrower If the restoration or repair is not economically feasible or Lenders security would be lessened. the insurance proceeds shall be applied to the sums secured by this Security Instrument, whether or not then clue. a nth the excess. if an). paid to Borrower Such insurance proceeds shall be applied in the order provided for in Section 2, If Borrower abandons the Property. Lender may file, negotiate and settle am in lavuanee claim and related matters If Bon-ewer doe: not respond within 30 din s 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 notice is given. In either event, or if Lender acquires the Property under Section 22 or otherwise. Borrower hereby assigns to Lender(a)Borrowers rights to an insurance proceeds in an amount not to exceed the amounts unpaid under the Note or this Security Instnuwent. and lbi an other of Borrower's nglns (other than the nghr to any refund of unearned premiums paid by Borrower) under all insurance policies Con Bring the Properly, insofar as such nghts are applicable to the cot eragc of the Property. Lender may use the insurance proceeds either to repair or restore the Property or to pay onounas unpaid ender the Note or tills Secluit)• instrument, whether or not then due. 6. Occupancy.Donvwer shall occupy. establish, and use the Pin perty as Borrowers amrclpal residence ti ithin Gil days after the execution nt this Security lustnuml:at and shall continue to occupy the Properly :I' Borrow-cf.; principal residence to at least one year after the date of occupancy. milts Lender otliervlse agrees in writing. which consent shall not be unreasonably withheld. or unless extenuating circumstances exist which are beyond Borrower's control. 7. Preservation.Maintenanceand Protectionof the Property;Inspections.Borrowcr shall not destroy. damage or impair 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 Property in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that repair or restoration is not economically feasible. Borrower shall ptompth repair the Property if damage] to in oid further detenoraunn or damage. If insurance or condemnation proceeds are paled in connection w ith damage to, or the t'al.ung of. the Property. Borrower shall be responsible for repairing or restoring the Property only if Lender has released proceed., tor:uch purposes. Lender nun disburse proceeds NEBRASKA-Single Fam'N=annie Mae/Freddie Mac UNIFORM INSTRUMENT Form 302E'.01 VMP VMP6(NE)(i 105:CO Wolters Kluwer Financial Se-....res Page 7 of 17