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201107842 All insw'ance polioies reqLtired by I.ender and renewale of ench policies shall be suUjecC Co Lender's right Yo � dieapprove such�olicies, shtill inehide a sCandud morLgt�ge clausq and sl�all namo Londer as mortgagce �nd/ar as an additional loss payee. Lender shall have Yhe right to holcf the policies and renewnl certifieates. If Lender requires, $orrower shall promptly give to Lender all receipts of pnid premiums and renewal notices. If Sorrower oUtains any form of instuance coverage, nat otherwise reqnired by Lendar, For dainage to, or destructiou of, the Property, such policy shall include a standard mortgage clause wd el�all name I,ender as mortn�agee and/or aa an adcii�donal loss payec. fn tl�e cvcnt of lass, 13orrowcr el�ttll givc pro�7ipti notico to thc insurancc carrier and T,ender. I.onder inay malce proof of loss if not mAde pxomptly by Borrower. Unless Lender and Bon�ower otherwis�agree in wriYiug, uiy insurauce proceeds, whether or not�e uuderlying insurauce was required by Leuder, shall be applied to restoration or repair of the Properry, if the restoration or repair ia economically feasiUle and Lender's securily is not lessened. llm�ing suoh reptir and resloration period, Lcnder shall have Lhe righC Co hoicl sucu inaur�rice procaeds until Lender hns had an opporamity to inspect suoh Property to ensure the work has Ueen completed to Lender's satisfaction, provided that sach iuspeetion sh�ll be uudertalcen promptly. Lender n�dy disURrse proceeds for tlie repairy and restoration in a.�siugle payment or in a series of probn'eas paymonts zs The worlc is completed. Unlces an agreemcnt is made in writing or A}�p1icxble I�w requires inCeresl to be paid on suoh iusuranee�roceeds, Lender ahall not be requirod to pay Borrower any interest or e�u�aings on snch proceeds. Feea For public �djuaters, or dther third parties, retained by Borrower shall not be paid out of the insurance proceeds and sh�11 be the sole obligaYiou of Borrower. If the resCoration or repair ie not eooiiomically feasibla or Lendcr'e�ecurity would bc lenscned, thE itistiiranca proceeds el�all bx: applied to the sums secured by Hiis �Secnrity Inshntnent, whethec or noE then due, with the excess, if uiy, paid to Borrower. Snch insnrance proceeds shall Ue applied in Yhe order provided For in Section 2. if Bo�rower abandnns the ProperYy, Lender may �File, negotiate and seEYle any avttilable insurance claim and telateci macCers. If Borrower does not respond within 30 days to a noCice fiom Londcr [l�at the ineurance oaxxier hns ofFered to seYtle a claiui, then Lender may negotiate and settle the cleim. The 30-d�y period will begin when f1�e uotice is giveu. In eitlier event, or if Lender acquires the Property mider Section 22 or otherwi5e, RorroWer]iereUy nssigns to T.andet (a)Rorrower's rigl�ts to any insurance proeeeds in au amowif � not to nxcecd thc an�onnCS wipaid uncler the Note or Lhis Security [nstrun�cnt, and(b) any oth�r of Boirower's ri�hts (oEher than the right to any ceLund of uneerned pxemiuma pnici by Bon•ower)nnder nll uisuruice policies covering the Property, inso�Far as such righCs ara applicabie to Yhe coverage of the Prope��ty, Lcndcr mtty uec tl�n insurN�c;c proccedn either to re,��air �r restc�ro the Property or t��pay 2mounCa nn�aid under the Note or tliis SeonriCy Ineu•nment, whether or not then due. 6. Occupancy. Borrower ehall oaoupy, establiah, and use tlie Proper[y as Borrower's principal reaidenoe within 60 dnys after Uie axeoution of'Y7�is Security Instrument and sl�all continue to ocoupy Yhe Property as Borrower's principal resideuce far at least one year after the date of occnpaney, unless Lendar otherwiae agrocs in writing, which eonsent shall nof bc �u�rcasonahly withhold, or unless extonuating circumstances exist wluch are beyond Borrower's eontrol. 7. Preservation, Maintenance and Protection of the Wroperty; Inspections. Borrower sh�ll no[desa•oy, dvnage or impair tha ProperCy, allow the Properry Co deteriorate or commit wasYe on tha Property. Whether or not Borrowor is residing in the R�opertq, Borrowcr �hzdl maintain thc Property in order tn prevcnt the Property&•orn deterior�ting or deoreAaing in va[ue dne fo its conciition. Unless it is detennined purenant to Section 5 that repair or rastoraCion is not econoinioally 1'easiUle, Bonower shall pro'mp{ly repair Uie Property if damaged to avoid furthcr dctcrioration or dainage. If insuraiice ot condemnxtion prooecdv are paid in eom2eotion wiLh damage Cq or the taking of, the Property, Borrower shall be responsible for repairing or restoring the Property only if Lender has relensed proceeds for such purposes. Lender mny disbnrse proceeds zaii�o NEBRASKA-Slnqle Family-Fannie Mae/Fredtlie Mac 11NIFORM INSTRUM ENT Form 3020 1I01 VMP�y VMP6(N�(1'105I Wnliers Kluw�+r Financial.Services :PaBe]of 17