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within 60 days after the execution of this Security Instrument and shall continue to occupy the P principal residence for at least one year after the date of occupancy, unless Lender otherwise a consent shall not be unreasonably withheld, or unless extenuating circumstances exist which ar control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borro damage or impair the Property, allow the Property to deteriorate or commit waste on the Prop Borrower is residing in the Property, Borrower shall maintain the Property in order to preve deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to S restoration is not economically feasible, Borrower shall promptly repair the Property if dam deterioration or damage. If insurance or condemnation proceeds are paid in connection with of, the Property, Borrower shall be responsible for repairing or restoring the Property only i I proceeds for such purposes. Lender may disburse proceeds for the repairs and restoration in a a series of progress payments as the work is completed. If the insurance or condemnation proc to repair or restore the Property, Borrower is not relieved of Borrower' s obligation for the com or restoration. NEBRASKA -- Single Family -- Fannie Mae /Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 Page 6 of 14 201703445 , with such interest, amounts shall bear interest at the Note rate from the date of disbursement and shall be payabl upon notice from Lender to Borrower requesting payment. All insurance policies required by Lender and renewals of such policies shall be subjec disapprove such policies, shall include a standard mortgage clause, and shall name Lender as additional loss payee. Lender shall have the right to hold the policies and renewal certificates Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. If form of insurance coverage, not otherwise required by Lender, for damage to, or destruction policy shall include a standard mortgage clause and shall name Lender as mortgagee and/or payee. In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lend proof of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise insurance proceeds, whether or not the underlying insurance was required by Lender, shall be or repair of the Property, if the restoration or repair is economically feasible and Lender' s se During such repair and restoration period, Lender shall have the right to hold such insurance has had an opportunity to inspect such Property to ensure the work has been completed to provided that such inspection shall be undertaken promptly. Lender may disburse procee restoration in a single payment or in a series of progress payments as the work is completed. is made in writing or Applicable Law requires interest to be paid on such insurance proceeds required to pay Borrower any interest or earnings on such proceeds. Fees for public adjusters, retained by Borrower shall not be paid out of the insurance proceeds and shall be the sole ob If the restoration or repair is not economically feasible or Lender' s security would be lessened, t shall be applied to the sums secured by this Security Instrument, whether or not then due, with to Borrower. Such insurance proceeds shall be applied in the order provided for in Section 2. If Borrower abandons the Property, Lender may file, negotiate and settle any available related matters. If Borrower does not respond within 30 days to a notice from Lender that the offered to settle a claim, then Lender may negotiate and settle the claim. The 30 -day perio notice is given. In either event, or if Lender acquires the Property under Section 22 or otherw se, Borrower hereby the amounts unpaid e right to any refund nsofar as such rights repair or restore the then due. to Lender' s right to ortgagee and/or as an If Lender requires, orrower obtains any f, the Property, such an additional loss r. Lender may make gree in writing, any pplied to restoration urity is not lessened. roceeds until Lender ender' s satisfaction, for the repairs and Unless an agreement Lender shall not be r other third parties, igation of Borrower. e insurance proceeds e excess, if any, paid insurance claim and insurance carrier has will begin when the assigns to Lender (a) Borrower' s rights to any insurance proceeds in an amount not to excee under the Note or this Security Instrument, and (b) any other of Borrower' s rights (other than t of unearned premiums paid by Borrower) under all insurance policies covering the Property, are applicable to the coverage of the Property. Lender may use the insurance proceeds either t Property or to pay amounts unpaid under the Note or this Security Instrument, whether or not 6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower' s principal residence operty as Borrower' s ees in writing, which beyond Borrower' s er shall not destroy, rty. Whether or not t the Property from ction 5 that repair or ged to avoid further age to, or the taking Lender has released single payment or in ds are not sufficient letion of such repair DocMaglc egkromas www.docmagic.com