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201109127
<br /> A11 insurance policies required by Lender and ienewals of such p�licies shall Ue subject fo�,ender's right to
<br /> disapprov�such policies, shall include a staildard rizor�gage clause, anc�sha17 naine Lender as mortgagee
<br /> and/or as an additionalloss payee. Lender sha11 have the right to hold the policies and renewal certificates. If
<br /> Lender requires, Borrower shall promptly give to Lender all receipts of paid preiniums and renewal notices,
<br /> If Borrower obtains �ny form of insurance coverage, not otherwise required by Lender, For daii�age to, or
<br /> destruction of, the Property, such policy sha.11 inchide a standard martgage clause and shall name Lender as
<br /> �ZOrtgagee and/or as an add'ztional loss p�yee.
<br /> In th�eventi of 1oss, Borrowor sha11 give proinpt notice to the instirance aarrier and Lencler. Lencler inay
<br /> inalce proof of loss if not made proinptly Uy Boi•rower. Unless Lender�nd Borrower otherwise agree in
<br /> wi•itiiig, any insut•ance proceeds, whether or not the underlying insurance was i•equireci by Lender, shall be
<br /> applied to restoration or repair of the Froperty, if the re�tora�tioil�or repaii°is ecanonucally feasible and
<br /> Lender's secur'r'ty is no�lessenecl. During such repair�nd restoration period, Lender sha11 have the right to
<br /> liold such iilsurliice proceeds until Lender h�s 11ad an opportunity to inspect suc11 Property to ensure the
<br /> worlc has been complete��o Lender's s�tisf�ction, provided tihat such inspection sha11 be undertalcen
<br /> promptly. Lendei•m�y disburse proceeds for the repairs and restoration in a single payment or in a series of
<br /> progress payments as the worlc is coinpleted. Unless �n agreemeiit is inade in writiing or ApplicaUle Law
<br /> requires interest to be paid on such instirance proceeds, Lender shall not be rec�uired to pay Bori•ower any
<br /> interest or earnulgs on sucli proceecls. Fees for public adjusters, oi•other third parties, retainecl by Borrower
<br /> sliall not Ue paid out oP tke insurance proceeds and sh�ll Ue the sole oUlig�tion of Borrower. If the restoration
<br /> or repair is not�coilornic�lly Feasible or Lender's security would be lessened, tlie insurance proceeds s11a11 be
<br /> applied to the sums secured by this Sectuity Instruinent, wl7ether or not then due, with the excess, if any,
<br /> paid to Borrower. Such insurance proceeds sliall be a�plied in tlie order provided for in Section 2.
<br /> If Borrower abindons the Property, Lender ii7ay F'ile, iiegotiate and settle any availaUle insur�nce claim and
<br /> related mltters. IF Borrower does not respond within 30 days to�notice froin Leiider t11at the insui�ance
<br /> carrier 11as offered to settle� claiin, then Lender inay negotiate and settle the claim. The 30-clay period will
<br /> Uegin when the iiotice is given. In either event, or if Lencler acquires the Pro�erty u�der Section 22 or
<br /> otlzerwise, Boi•rowez l�ereby�ssigns to Lender(a) Borrower's iights to any iusurance�roceeds in 1n ainou�it
<br /> not to exceed the ainounts unpaid under the Note or this Security Instrument, aud(U) any otller of
<br /> Borrower's rights(other than the riglit to any reFund of unearned premiums paici by Borrower)under all
<br /> insurance policies covering the Property, insofar�s such rights Tre����licaUle to the coverage of the
<br /> Property. Lender may use the ilisuraiice proceeds either to repaii•or restore the Propertiy or to p1y anloutits
<br /> unpaid under�he Note or tlus Security Instrt,7ment, wlietiher or not then dLte.
<br /> 6. Occupancy. Borrower shall occupy, establisli, and use the Property�s Borrower's principal residence
<br /> within 60 d�ys after the execution of tlus Security Ins�rument�1id sh�ll contimle to occttpy the Property as
<br /> Borrower's princip�l residence for at least one year after the date of occupaiicy, unless Laiider otherwise
<br /> agrees iii writing, which consenti shall not ve unreasonably withheld, or uriless extentiiating circumst2nces
<br /> exist which 1re beyond Borrower's control.
<br /> 7. Preservation, Mainfienance and Protection of the Propertiy; Inspections. Bori•ower shall not destroy,
<br /> da�na.ge or impair the Property, a.11ow the Property to deteriorate or commit waste an the Property, W11a�hei•
<br /> or uot Borrower is residirig in the Property, BorroWer shti11 mainta�in the PropBrty in order to prevent the
<br /> Property fi•om deteriorating or decreasin�in v�hie due i;o its condition. Unless i�is deternuned purstraut to
<br /> Sectioii 5 that repair or restoration is not econolnically fe�siUle, Borrower shall promptly repair the Property
<br /> if dain�tged to avoid fiu�tlier deterioration or dainage. IP insiu•ance or condemnatioii proceeds are paid iii
<br /> cannection with da�nage to, oz�the tfllcing of, the Property, Borrower shall be responsiUle for repairing or
<br /> restoring tlie Propei:ty only if Lender 1�1s rele�sed proceeds For sticll purposes. Lendei�inay disUurse proceeds
<br /> 231230
<br /> NEBR4SKA-Single Family-Fannie Mae/Fretldle Mac UNIFORM INSTRUMENT Form 3028 1/01
<br /> VM P O VM P6(NE)(1105)
<br /> Wolters Kluwer Financial Services Page 7 of 17
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