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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 and/or as an
<br /> additional loss payee. Lender shall have the right to hold the policies and renewal certificates. If Lender requires,
<br /> Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices.If Borrower obtains any form
<br /> of insurance coverage,not otherwise required by Lender,for damage to,or destruction of,the Property,such policy shall
<br /> include a standard mortgage clause and shall name Lender as mortgagee and/or as an additional loss payee.
<br /> In the event of loss,Borrower shall give prompt notice to the insurance carrier and Lender.Lender may make proof
<br /> of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree_in writing; any insurance
<br /> proceeds,whether or not the underlying insurance was required by Lender,shall be applied to restoration or repair of the
<br /> Property,if the restoration or repair is economically feasible and Lender's security is not lessened.During such repair and
<br /> restoration period,Lender shall have the right to hold such insurance proceeds until Lender has had an opportunity to
<br /> inspect such Property to ensure the work has been completed to Lender's satisfaction,provided that such inspection shall
<br /> be undertaken promptly.Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of
<br /> progress payments as the work is completed.Unless an agreement is made in writing or Applicable Law requires interest
<br /> to be paid on such insurance proceeds,Lender shall not be required to pay Borrower any interest or earnings on such
<br /> proceeds.Fees for public adjusters,or other third parties,retained by Borrower shall not be paid out of the insurance
<br /> proceeds and shall be the sole obligation of Borrower.If the restoration or repair is not economically feasible or Lender's
<br /> security would be lessened,the insurance proceeds shall be applied to the sums secured bx this Security Instrument,
<br /> whether or not then due,with the excess,if any,paid to Borrower.Such insurance proceeds shall be applied in the order
<br /> provided for in Section�.
<br /> If Borrower abandons the Property,Lender may file,negotiate and settle any available insurance claim and related
<br /> matters.If Borrower does not respond within 30 days to a notice from Lender that the insurance carrier has offered to
<br /> settle a claim,then Lender may negotiate and settle the claim.The 30-day period will begin when the notice is given.In
<br /> either event, or if Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to Lender
<br /> (a)Borrower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid under the Note or this
<br /> Security Instrument,and(b)any other ofBorrower's rights(other than the right to any refund of unearned premiums paid
<br /> by Borrower)under all insurance policies covering the Properiy,insofar as such rights are applicable to the coverage of
<br /> the Properiy.Lender may use the insurance proceeds either to repair or restore the Propertyµor to pay amounts unpaid
<br /> under the Note or this Security Instrument,whether or not then due.
<br /> 6.Occupancy.Borrower shall occupy,establish,and use the Property as Borrower's principal residence within 60
<br /> days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower's principal
<br /> residence for at least one year after the date of occupancy,unless Lender otherwise agrees in writing,which consent shall
<br /> not be unreasonably withheld,or unless extenuating circumstances exist which are beyond Borrower's control.
<br /> 7.Preservation,Maintenance and Protection of the Property;Inspections.Borrower shall not destroy,damage
<br /> or impair the Property,allow the Property to deteriorate or commit waste on the Property.Whether or not Borrower is
<br /> residing in the Property,Borrower shall maintain the Properiy in:order to prevent the Property from deteriorating or
<br /> decreasing in value due to its condition.Unless it is determined pursuant to Section 5 that'repair or restoration is not
<br /> economically feasible,Borrower shall promptly repair the Property if damaged to avoid further deterioration or damage.
<br /> If insurance or condemnation proceeds are paid in connection with damage to,or the taking of,the Properly,Borrower
<br /> shall be responsible for repairing or restoring the Property only if Lender has released proceeds for such purposes.Lender
<br /> may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work
<br /> is completed.If the insurance or condemnation proceeds are not sufficient to repair or restore the Property,Borrower is
<br /> not relieved of Borrower's obligation for the completion of such repair or restoration.
<br /> Lender or its agent may make reasonable entries upon and inspections of the Property.If it has reasonable cause,
<br /> Lender may inspect the interior of the improvements on the Property.Lender shall give Borrower notice at the time of or
<br /> prior to such an interior inspection specifying such reasonable cause.
<br /> NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENTwith MERS Form 3028 1/07
<br /> Page 6 of 13
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