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201503433 All in5urance poiicies required by Lender and renewals o£such policies shall be subject to Lender's right to disapprave such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee aa�d/or as an addi.tzonal.loss payee. Lender sha11 have the right to hold the policies and renewal certificates. If L,ender reqtures, Borrower shall promgtly give to Lender a11 recez�ts of paid pxe�xiiuxris and renewal natices. If Borrower obtains any form of insurance coverage, not other�rise requiced by Lender, for dainage to, or destruction of, the Properry, such policy shall include a standard mortgage clause and shall name Lender as mortgagee andlor as an addi�ional loss payee. Jx�.the event of loss, Borrower shali give prompt notice to the insurance camer and Lender. Lender zx�.ay make groof of loss i.f not mada promptly by Boz�rower. Unless Lender and Borrower othenxrise agree in writing, any insurance proceeds, whether or not the underlying insurance was requiared by Lender, shall be applied to restoration or repair of�e Property, if the restoration or repair is economically feasible and Lender's security is not lessened. During such repai.r and restoration pe�rzod, Lender shall have the right to hold such insurance proceeds untii Lender has had an opportunity to inspec#such Propezty to ensure the work has been completed to Lender s satisfaction, provided that such inspection shall be under#aken proaxxptly. Lender may disburse proceeds for the repairs and restorati.on in a single payment or in a sez�ies of progress payments as the work is completed. Uz�J.ess an agreement is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not be required to pay Sorrower any intezest or eazx�i.ngs on such proceeds. Fees for public adjusters, or other�.iird parties, retain«1 by Borrower sl�.all not be paid out of the insurance proceeds and shall be#�e sole obligation of Barrower. If rhe restora�ion ar repair is not economically feasible or Lender's security would be lessened, the insuxance proceeds shall be applied to the suans secured by this Security Instrument, whether or not then due, wit1�.the�cass, if any, pai.d to Borrower. Such insurance proceeds shall.be applied in the order provided for in Section 2. Yf Borrower ahandons the Property, Lendez�znay file, negotiate 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 settIe a clairn, then Lender may negotiate axid settle the claim. The 30-day period will begin when the notice is given. In aither event, or if Lendex acqui.res the Property under Section 22 or oti2erwise, Borrower hereby assigns to Lender{a}Borrower's rights to any insurance proceeds in an amount not io exceed the axnounts�pa�id uxzdex tb.e Note or thi.s Security Instrument, and{b}any other of Borrower's rights(other than the right to any refund of unearn«1 premiums paid by Borrower)under all insurance policies covering the Praperty, insofar as such rights are applicable to the coverage of the Praperty. Lender xxzay nse the insuz-ance proceeds either#o repair or restore the Froperty or to pay amounts unpaid under the Note or this Security rnstrnment, whether or not then due. 6. Occupancy. Borrower shall oceupy, establish, and use the Property as Borrower's principal rasidence withui b4 days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower's principal residence for at least one year after the date of occupancy, unless Lende�r o�erwise agrees in writing, wluch consent shall not be unreasonabiy�rithheid, or unless e�ten�ating circumstances exist wku.ch are beyond Barrower's control. 7. Preservation, Maintenance and Protec#ion of the �raperty; Inspections. Borrower shall not destroy, clamage or impair the Property, allow the Property to deteriorate ar commit waste on ti2e Property. Whether ox xaot Bozzower is residing in the Property, Borrowar shall maintain the Property in order to prevent the Properfy from deteriorating ar decreasing in value due to its condition. Unless it is determined pursuant to Sectian 5 that repau�ar restoration is not econorx�i.cally feasible, Bozzower shall pro�aptly ze�air the�zoperty if damaged to avoid fiu�ther deterioration or dair�age. If insurance or condemna�ion proceeds are paid in connection with damage to, or the taking of, �ie Property, Borrower shall be responsible for repairing or restoring the Property only if Lender has released proceeds for s�ch purposes. Lender may disburse proceeds zaaoss22 NEBRqSKR-Single Family-Fannie MaelFreddie Mac L1NfFQRM fNSTRIJMENT Form 3Q2B V01 VM P QQ VM P6(NEJ(1302} Wolters Kluwer Fnancial Services Page 7 of 17