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�0110843G
<br />All insurance policies required by Lender and renewals of such policies sha11 be subj�t to Lender's right to
<br />disapprove such policies, shall include a standard mortgage clause, and sha11 name L,ender as mortgagee
<br />andJor as an additionalloss payee. L,ender shail haWe the right to hold the policies and renewal certificates. If
<br />Lender requires, $orrower sha11 promptly give to Lender a11 receipts of paid premiums and renewal notices.
<br />If Borrower obtains any form of insurance coverage, not otherwise rec�uired by Lender, for damage to, or
<br />destruction of, the Property, such policy shall include a standard mortgage clause and shall name Lender as
<br />mortgagce and/or as an additionalloss payee.
<br />In the evenr of loss, Bonower shall give prompt notice to the insurance carrier and Lender. Lender may
<br />make proof of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in
<br />writing, any insurance proceeds, whethex or not the underlying insurance was required by Lender, shall be
<br />applied to restoration or repair of the Property, if the restoration or repair is economically feasible and
<br />Lender's security is not lessened. During such repair and restoration period, Lender shall have the right to
<br />hold such insurance proceeds until Lender has had an opportunity to inspect such Property to ensure the
<br />work has been completed to Lender's satisfaction, provided that such inspection sha11 be undertaken
<br />promptly. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of
<br />progress paymenis as the work is completed. Unless an agreement is made in writing or Applicable Law
<br />requires interest to be paid on such insurance procceds, Lender shall not be required to pay Borrower any
<br />interest ar earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Borrower
<br />shall not be paid out of the insurance proceeds and shall be the sole obligation of Borrower. If the restoration
<br />or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be
<br />applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any,
<br />paid to Bonower. Such insurance proceeds sha11 be applied in the order provi@ed for in Section 2.
<br />If Borrower abandons the Property, Lender may file, negotiate and settle any available insurance claim and
<br />r�iated matters. If Bonower does not respond within 30 days to a notice from Lender that the insurance
<br />carrier has offered to settle a claim, then L.ender may negotiate and settte the claim. The 30-day period will
<br />begin when the notice is given. In either event, or if Lender acquires the Property under Section 22 or
<br />otherwise, Borrower hereby assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount
<br />not to exceed the amounts unpaid under the Note or this Security Instrument, and (b) any other of
<br />Borrower's rights (other than the right to any refund of unearned premiums paid by Bonower) under all
<br />insurance policies covering the Property, insofar as such rights are applicable to the coverage of the
<br />Property. Lender may use the insurance proceeds either to repair or restore the Property or to pay amounts
<br />unpaid under the Note or this Security Instrument, whether or not then due.
<br />6. 4ceupancy. Borrower sha11 occupy, establish, and use the Property as Borrower's principal residence
<br />within 60 days after the execution of this Security Instrument and shall continue to occupy the Property as
<br />Borrower's principai residence for at least one year after the date of occupancy, wnless Lender otherwise
<br />agr�s in writing, whir� consent shaii not be unreasonably withheld, or unless extenuating circumstances
<br />�ist wiach an �y�d Borrower's controL
<br />7- 1'�'eservatiai, Ma+n#c�ance and Protection of the Property; Inspections. Borrower shall not destroy,
<br />dainage or im�air the Property, allow the Property to deteriorate or commit waste on the Property. Whether
<br />or not Borrovver is residing in the Property, Borrower sha11 maintain the Property in order to pxevern the
<br />�'noperty from rleteriorating or decreasing in value due to its condition. Unless it is deternuned pursuant to
<br />Section 5 that repair or restoration is not economically feasible, Bonower sha11 promptly repair the Froperty
<br />if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in
<br />connection with damage to, or the taking of, the Property, Bonower sha11 be responsible for repairing or
<br />restoring the Property only if Lender has released proceeds for such purposes. Lender may disburse proceeds
<br />NEBRASKA-Single Pamily-Fannie Mae/Preddie Mac UNIFORM INSTRUMENT � � � Form 3028 1/01
<br />VINP � VMP6{NE) (1105)
<br />Wolters Kiuwer Financial Services Page 7 of 17
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