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<br /> All insurance policies required by Lender and renewals of such policies shall be subject to Lender's right to
<br /> disapprove such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee
<br /> and/or as an additional loss payee. Lender shall hava the right to hold the policies and renewal certificates. If
<br /> Lender rec�uires, Borrower shall proinptly give to Lender all receipts of paid premiuins and renewal ilotices.
<br /> If Borrower obtains any forin of insurance coverage, not otherwise raquired by Lender, for dainage to, or
<br /> destruction of, the Property, suolz policy shall include a standard mortgage clause and shall name Lender as
<br /> inortgagee and/or as an additional loss payee,
<br /> In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lencler. Lender may
<br /> make proof of loss if not made proinptly by Borrower. Unless Lender and Borrower otherwise agree in
<br /> writing, any insurance proceeds, whether or not the underlying iilsurance was r•equired by Lendei•, shall be
<br /> applied to restoration or repair of fhe Property, if the restoration or repair is economically feasible and
<br /> Lender's security is not lessenecl. During such repair and restoration period, Lender sha11 have the right to
<br /> hold sucl� insurance proceeds until Lender has had an oppoi�tunity to inspect such Property to ensure the
<br /> work has been completed to Lender's satisfaction, provided that such inspection shall Ue undertaken
<br /> proinptly. Lender inay clisburse proceeds for the repairs and.resto.ration in a single payinent or in a series of
<br /> progress payinents as the worlc is coinpleted. Unless an agreeinent is made in writing or Applicable Law
<br /> requires interest to be paid on such insurance proceeds, Lender sliall not be required to pay Borrower any
<br /> interest or earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Borrower
<br /> shall not be paid out of the insura�ice proceeds a�d shall be the sole obligation of Borrower. If the restoration
<br /> or repair is not econoinically feasible or Lender's sectitrity would be lessened, the iiisurance proceeds shall be
<br /> applied to tlie suins secured by this Security Instrument, whether or not then due, with the excess, if any,
<br /> paid to Borrowei�. Such insu�'ance proceeds shall be applied in the order provided for in Section 2.
<br /> If Borrower abaildons the Property, Lender inay�le, negotiate and settle any available insurance claim and
<br /> related inatters. If Borrower does not res�ond withii130 days to a notice froin Lendei�t1zaC t11e insurance
<br /> carrier has offered to settle a claim, then Lencier may negotiate and settle the claiin, The 30-day period will
<br /> begin when the notice is given. Tn either event, or if Lender acquires the Property under Sectioi2 22 or
<br /> otlierwise, Borrower hereby assigi7s to Lender (a) Borrower's rights to any insurance proceeds in an amount
<br /> not to exceed tlle ainounts unpaid under the Note or this Security Instrument, and(b) any other of
<br /> Borrower's riglits (other than the right to any refund of un:earned preiniums paid by Bori�ower)under all
<br /> insurance policies covering the Property, insofar as such rightis �re applicable to the coverage of the
<br /> Property, Lendei•inay use the insurance proceeds either to repair or restore the Property or to pay amounts
<br /> unpaici ttnder the Note or this Security Instrument, whether or not then due.
<br /> 6. Occupancy. Borrower shall occltpy, establish, and t�se the Property as Borrower's priiicipal residence
<br /> within 60 days after the execution of this Security Instruinent and shall continue to occupy the Property 1s
<br /> Bo�•rower's principal residence for at least one yelr after the date of occupincy, unless Lender otherwise
<br /> agrees in writing, wllich consent shall not Ue uiu•easonably witl�lield, or unless extenu�ting circumstances
<br /> exist which are beyond Bori•ower's control,
<br /> 7. Preservation, M aintenanc� and Protection of the Property; Inspections. Borrower sha11 not clestroy,
<br /> clamaga or impair the Property, allow the Pi•operty to deteriorate or corrunit waste on the Property. VJhether
<br /> or not Borrower is residing in tlie Pi-operty, Borrower shall maintain the Property in order to prevent the
<br /> Property fronl deterioratiiig or decreasing in value due to its condition. Uiiless it is deterinir�ed pursuant to
<br /> Section 5 th�tt repair or restoration is not econonu�ally feasible, Borrower shall�r�omptly repair the Property
<br /> zf damagecl to avoid Further deterioratiarl or dam�ge. If instirrailce or condenviation proceeds are paid in
<br /> connection witll daillage to, or fl1e talcing of, the Property, Boi�rower sha11 l�e responsiUle for repairing or
<br /> restoring the Property only if Lender h1s released proceeds for such�urposes. Lender n�ay disvurse�roceeds
<br /> 24007178
<br /> NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1101
<br /> VMP O VMP6jNE)(1302)
<br /> Wolters Kluwer Financial Services Page7 of 17
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