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� __._�..� a All insurance policies required by Lender and renewals 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 additionalloss payee. Lender shall have the right to hold the policies and renewal certificates. If Lender requires, Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any form of �nc�,rance coyerage, not otherwise required by Lender, for damage to, or destruction of, the Property, such policy shall include a standa.rd mortgage clause and shall name Lender as mortgagee and/or as an additionalloss payee. In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make groof of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any insurance proceeds, whether or not the underlying insurance was required by Lender, shall be applied to restoration or repair of the Properly, if the restoration or repair is economically feasible and Lender's security is not lessened. During such repair and restoration period, Lender shall have the right to hold such insurance proceeds until Lender has had an opportunity to inspect such Properiy to ensure the work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken pmmptly. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such �n�,�nse proceeds, Lender shall not be required to pay Borrower any interest or earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Borrower shall not be paid out of the insurance proceeds and shall be the sole obligation of Borrower. If the restoration or repair is not economically feasible or Lender's security would bE lessened, the insurance proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid 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 insurance claim and related matters. If Borrower does not respond within 30 days to a notice from Lender that the �nc�rance carrier has offered to settle a claim, then Lender may negotiate and settle the claim. The 30-day period will begin when the notice is given. In either event, or if Lender acquires the Property under 5ection 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount not to exceed the amounts uupaid under the Note or this Security Instrument, and (b) any other of Borrower's rights (other than the right to any refund of uneamed premiums paid by Borrower) under all insurance policies covering the Property, insofar as such rights aze applica.ble to the coverage of the Property. Lender may use the �n�ransp proceeds either to repair or restore the Property or to pay amounts u�paid under the Note or this Security Instrument, whether or not then due. 6. Occupancy. Borrower shall occugy, establish, and use the Properly as Borrower's principal residence within 60 days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower's principal residence for at least one year after the da.te of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasona.bly withheld, or unless extenuating circumstances eust which are beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrawer shall not destroy, da.mage or impair the Properiy, allow the Property to deteriorate or commit waste on the Property. Whether or not Borrower is residing in the Property, Borrower shall maintain the Property in order to prevent the Property from deteriorating or decrea.sing in value due to its condition. Unless it is determined pursuant to Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Properly if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in connection with damage to, or the taking of, the Property, Borrower shall be responsible for repairing or restoring the Properiy only if Lender has released proceeds for such purposes. Lender ma.y disburse proceeds NEBRASKA-Single Family-Fannfa MaelFreddie Mac UNIFORM INSTRUMENT Form 3028 1/01 y � q p � VMP6(NEI {11061.00 Woltara Kluwar Finarxial 5aroices Page 7 of 17