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20110843� All insurance policies required by Lender and renewals of such policies sha11 be subject to Lender's right to disapprove such policies, sha11 include a standard mortgage clause, and sha11 name Lender as mortgagee and/or as an additionalloss payee. Lender sha11 ha�e the right to hold the policies and renewal certificates. If Lender requires, Bonower sha11 promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any form of insurance coverage, not otherwise required by Lender, for damage to, or destruction of, the Property, such policy shall include a standard mortgage clause and sha11 name Lender as mortgagee and/or as an additianalloss payee. In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any insurance procceds, whether or not the underlying insurance was required by Lender, sha11 be applied to restoration or repair of the Property, if the restoration or repair is economically feasible and Lender's security is not lessened. During such repair and restoration period, Lender shall ha�e the right io hold such insurance proceeds until Lender has had an opportunity to inspect such Property to ensure the work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse proceeds for the repairs and restoration in a singie payment or iri a seri� of progre.ss payments as the wark is completed. Unless an agreement is made in writing or Applicable I,aw requires interest to be paid on such insurance 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 sha11 be the sole obligation of Borrower. If the restorarion or repair is not economically feasible or Lender's security would be lessen�, the insurance proceeds sha11 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 insurance 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 eitherevent, or if Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid under the Note or this Security Instrument, and (b) any other of Borrbwer's rights (other than the right to any refund of unearned premiums paid by Borrower) under all insurance policies covering the Property, insofaz as such rights are applicable to the coverage of the Property. Lender may use the insurance proceeds either to repair or restore the Pmperty or to pay amounts unpaid u�der the Note or this Security Instrument, whether or not then due. 6. Occupancy: Borrower sha11 occupy, establish, and use the Property as Borrower's principal residence within 60 days after the execution of this Security Instrument and shall continue to occupy the Property as $orrower's principal residence for at least one year after the date of occupancy, unless Lender otherwise agre�s in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances ea�ist which are beyond Borrower's control. 7. Preservation, Main#�ance and Protection of the Property; Inspections. Borrower shali �t deslroy, darnage or impair the Property, a11ow the Property to deteriorate or commit waste on the Property. �Vhether or not Borrower is residing in the Property, Borrower shall maintain the Property in order to prevern the Property from deteriorating or decreasing 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 Property 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 shail be responsible for repairing or restoring the Property only if I.ender has released proceeds for such purposes. Lender may disburse procceds � � NEBRASKA-Single Family-Fannie Mae/Freddie.Mac UNIFORM INSTRUMENT � � . �� Fwm 3028 1l01 VMP g VMP6iNE) 111051 Wolters Kluwer Financial Services Page 7 of 17 �� 'F.. '� � � � � � y*