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201406331 All insurance policies required by Lender and renewals of such policies sha11 be subject to Lender's right w disapprove such policies, shall include a standard mortgage clause, and shall name Lender as mortgagce 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 Bonower obtains any form of insurance coverage, not otherwise requirefl 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 addirional loss payee. In the event of loss, Borrower shall give prompt notice to the insw�ance carrier and I.ender. Lender may make proof of loss if not made promptly by Borrower. Unless Lender and Bonower otherwise agree in writing, any insurance proceeds, whether or not the underlying insurance was required by Lender, shall be appliad to restoration or repair of the Properiy, if the restoration or repair is economically feasible and Lender's security is not lessened. During such repair and restoration period, Lender shall have the right to hold such insurance proceeds until Lender has had an opportunity to inspect such Properiy to ensure the work has been complete�to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse procceds for the repairs and restoration in a single payment or in a series of progress payments as the work is complexed. Unless an agreement is made in writing or Applicable Law requires interest to be paud on such insarance proceeds, Lender sha11 not be required to pay Bonower 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 proce�ds and shall be the sole obligation 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 Instrument, 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. If Bonower abandons the Property, Lender may file,negoriate and settle any available insurance claim and related matters. If Borrower does 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 wili 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)Borrower's rights to any insurance procceds in an amount not to�ceefl the amounts unpaid under the Note or this Security Instrument, and(b)any other of Borrower's rights(other than the right to any refund of unearned premiums paid by Borrower)under ail insurance policies covering the Property, insofar as such rights are applicable to the coverage of the Property. Lender may use the insurance procaeds either to repair or restore the Property or to pay amounts unpaid under the Note or this Security Instrument, whether or not then due. 6, pccwpancy. Borrower sha11 occupy, establish, and use the Property as Bor�'ower's principal residence within 60 days after the execurion of this Security Instrumer►t and shall continue to occupy the Property as Borrower's principal residence for at least one year after the date of occupancy, unless I.ender otherwise agrees in wriring, which consent sha11 not be unreasonably withheld, or unless extenuating circumstances exist wluch are beyond Borrower's control. 7. Pr+eservation, Mair�tenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or impair the Property, ailow the Property to deteriorate or commit waste on the Properiy. Whethel' or not Borrower is residing in the Property, Borrower shall maintain the Property in order to prevent the Properiy from deteriorating or decreasing in value due to its condirion. Unless it is determined pursuant to Section 5 that repair or restoration is not economically feasible, Borrower sha11 promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in connection with damage to, or the taking of,the Properiy, Borrower shall be responsible for repairing or restoring the Property only if Lender has released proceeds for such purposes. Lender may disburse proceeds 2300342829 D VBNE NEBRASKASinple Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Fwm 3026 1/01 VMP ql VMPB(NE)(73021 Wohera Kluwer Financial Servicea Page 7 of 17