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2� 1 ��45�� amounts shalt bear interest at the Note rate from the date of disbursement and shall be payable,with such interest, upon notice from Lender to Borrower requesting payment. All insurance palicies required by Lender and renewals of such policies shall be subject to Lender's right to disapprove such policies, shall in�lude a standard mortgage clause,and shall name Lender as mortgagee andlor as an additiona� loss payee.Lender shall have the right to hold the policies and renewal�ertificates. �f Lender requires, Borrower shail promptly gi�e to Lender alI receipts of paid premium�and renewal notices. If Borrower obtains any form of insuran�e co�erage, not otherwise required by Lender, for damage to,or destruction of,the Property, such policy shall in�iude a standard mortgage clause and shall name Lender as mortgagee andlor as an additional �ass payee. In the event of�oss, Borrower shall gi�e prompt notice to the insurance�arrier and Lender. Lender may make prflof of loss if not made promptly by Borrower.Unless Lender and Borrower otherwise agree in writ�ng,any insurance proceed�,whether or not the underlying insurance was required by Lender, shall b�appl�ed ta restoration or repa�r af the Proper�y, if the restoration or repair is e�onomicaily feasihle and Lender's security is not lessened. During such repair and restoration period, Lender shall ha�e the right to hold such insurance proceeds until Lender has had an opportunity to inspect such Property to er►sure the work has been comp�eted to Lender's satisfa�tion, pro��ded that such inspection�hall be undertaken promp�ly. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series af progress payments as the work is completed. LJnless an agreement is made �n writing or Applicable Law requires interest to be pa�d on su�h insurance proce�ds, Lender shall not be required to pay Borrow�r any interest or earnings on such proceeds. Fees for puhlic adjusters,or other third parties, retained by Borr�wer shall not be paid out of the insurance pro�eeds and shal��e the sole ob�igation of Borrower. If the restoration ar repair is not economically feasible or Lender's security would be lessened,the insurance proceeds shal�be app�ied to the sums se�ured by this Security Instrument,whether or nat then due,with the e�cess, if any,paid to Borrower, Such insurance proceeds shall be applied �n the order provided for in Section 2. If Borrower abandons the Property, Lender may file, negotiate and settle any a�a�lable insurance claim and related maiters.If Borrower does not respond within 3�days to a notice from Lender that the insurance carrier has offered to settle a claim,then Lender may negotiate and settle the c�aim. The 30-day period will begin when the not�ce is gi�en. In either e�ent, or if Lender a�quires the Property under Section�2 or otherwise, Borrower hereby assigns to Lender�a}Borrower's rights to any insurance proceeds in an amount na�to exceed the amounts unpaid under the Note or this Security Instrument,and(b}any other of Borrower's rights�other thar�the right to any refund of unearned premiums paid by Borrower}under al� insurance poli�ies covering the Property, tnsofar as such rights are appli�ab�e to the ca�erage of the Property. Lender may use the insurance proceeds either ta repair or restore the Property or to pay amount�unpaid under the Note or this Se�urity Instrument,whether or not then due. �. �c�upancy. Borrower shall oceupy,establish,and use the Property as Borrower's principai residence within 6�days after the execution�f this Secur�ty Instrum�nt and shat��ontinue to�ccupy the Property as Borrower's principai residen�e for at least one year after the date of occupancy,unless Lend�r otherwise agrees in writing,which consent shail not he unreasonab�y withheld,or un�ess extenuating circumstances exist which are beyond Borrower's control, HCFG-0�359 NEBRASKA-5ingle Famiiy-Fannie MaelFreddie Ma�L1NIFaRM iNSTRUMENT Fam 3a28�1�1 �p� 11115 Whlters Kluwer Financia�Servioes 2�150fi3U15.3.2.3509-J2�'l6�12aY Page l of 17 R •