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201107691 All insuranca policies required by Lender and rene�vals of such policies shall be subject to Lender's right to disapprove such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee and/or as an addilional]oss payee. Lender shall.have the right to hold the policies and renewal certificates. If T ender requires, Bosower shall prompfly give to Lender all receipts of paid premiiuns and renewal notices. Lf Borrowex obtains any form of insuranee coverage,not othercvise required by Lender,for damage to, or des¢ucrion of, the Property; such policy shall include a standard mortgage clause and shall naine Lender as mortgagee and/or as an additional loss pay-ce. In the event of 1oss, Borcower shall give promgt notice to the insurance carrier and I.eiader. Lender may make proof of loss i£not made proznptly by Borrower. Unless L,ender and BcuTOwer oTherwise agree ui writing, any insurance proceeds, whether or not the undexlying insurance was required Uy Lender, �hall Uc app$�d to restorakpn or rcpair of the Pxoperry, if tke reswratioa or repair is economically feasible and Lender's security is not lessened. Durin� such repair and restora2ion period, Lender shall have the right to hold such insurance proceeds until Lender has had an opportunity tc�inspect such Property to ensure the work has been Completed to Lea�dei's satisfacrion,provided that snch inspection gliall be undertaken promptly. I,ender ma�dishwse proceeds for the repairs and restoration in a single paymenC or in a series of pro�ess pa}�nents as ihe work is completed. Uuless an agreement is made in vniting or ApplicaUle Law requues inferest to be paid on such insurance proceeds, Lender shall not be required to pay Bozrower any interest or eamings on such proceeds. Fees for public adjusters, or other third parties, reCained U}�Borronrer shall not be paid out of the insurance p�oceeds avid shall be the sole obligation of BorroWer. If the reetaration or repair is not economicaily feasiUle or Lender's security woidd be lessened, the insurance proceeds shall be applied to thc sums secured by this Security Instrument,whether or not then due, with thc excess, if any, paid to Borrower. Such uisiuznce proceeds shall be applied in the order provided for in Section 2. If Borrower abandons the Property, I.ender may file, negotiate and sehle any available insurance claim and related mattars. If Borrawer does not respond within 30 days to a norice from Lender that fhc insurance carrier has offered to settle a claim; then.Lender may negotiate and settle the claim. The 30-day peri�d will begin�>hen the noticc is given. In either event, or if Lender acquires tl�e Properry under Scction 22 or otherwise, Boirower hereby assigns to Lender(a) Borrower's rights [o any insurance proceeds in an amount not to exceed the amounts unpaid under the Note or this Security Instrument;and(U) any other of Bonower's rights (other than the right to any refund of unearned prcmiums paid by Borrower) under all insurance policies coverin�the Property, insofar as such iights aze applicahle to the coveraga of the Property: Lender may use die insurance proceeds either to repair or restor0 the Property or to pay zmounts unpaid under the Note or this Security Instrument, whether or not then due. 6. Occupancy. $orrower shall occupy, establish, and use the Property as Borroa�er's pYincipal residenee wiThin 60 days after the execution of this Sccurity inetrument and shall continue to occupy the Properry as Borrowex's principal residence for at least one year after the datc af occupancy,unless Lender otherwise agrecs in wrifing, whieh consent shal]not be wseasonably withheld, or unless extepuating cucumstanees exist which are beyond Borrower's control. 7. Preservation, M aintenance and Protection of the Property; Inspections. Bonower shall not destroy, damage or impair the Property, allow the Properry to deteriorate ar coinmit waste on the Property. Whethes or not Borrowcr is residing in the Property, Borzower shall maintain tlie Properry in order to prevent the Proper[y from deteriorating or decreasing in value due to its condition.Unless it is determinad pursuant to Section 5 that repair or restorarion is not economically fcasi6le, Bonower shall pmmptly repair the Properiy if damaged to avoid further deterioration or damage. If insurancc or condemnarion procceds are paid in connection with damagc to; or the taking of, the Property, Borrower sfiall be responsible far repairing or restoring die Property only if Lender has rcleased proceeds for such purposes.Lender may disburse proceeds 231I86 NBRASKA-Sinv_le Faniy-FaeniB M ee/Reddie biac ONIFORM INSTRUM FNT Porm 3020 1109 VMP� VMP6(Nq(1�OSj Wolxers K�uwe�FnaqGalServices Page�o(1]