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201109173
<br /> A11 insur�nce palicies requir�d by Leilder arid renew�ils of such policies sh�11 be stib,�ect to Lender's right to
<br /> clisa�prove such policies, sh�11 include a standard inortgage clause, and shall naine Lender as inortga�ee
<br /> and/or as an additional loss payee, �,ender sha1111ave the right to hold the policies and renewal certifiicates. If
<br /> Lender requires, Borrower sha11 prom�tly give to Lender all receipts of paid premiums anc�renewal natices.
<br /> If Borrower obtains aiiy forin of instuance covera�e, not otherwise rec�uired liy Lender, for dainage to, or
<br /> destruction of, t1�e Property, such policy shall inclucle�stantiard inortga�e clause anci sliall nasne Lender as
<br /> mortgagee and/or as �n aclditional loss payee.
<br /> Tii the event of loss, Borrower shall give prompt iiotice to the instulizce c�rrier and Lender. Leilcler may
<br /> malce�roof of loss if not made pt•omptly by Borrower, Unless Lender�nd Borrower otherwise agree in
<br /> writing, any insurance proceeds, whether oi•not the Lulderlying insurance was required Uy Lendai; sriall be
<br /> ap�lied to restoratioi�or repaiX�of the 1'rope�ty, if the restoration or repair is economically feasible and
<br /> Lender's security is not lessened. During sucli repair aizd restoration�eriod, Lender shall have the rigllt to
<br /> hold such insurallce praceecls until Lender has had ari opportunity to rnspect such Propei°ty�o ensure tl�e
<br /> worlc has been completed to�Lender's satisfaction, prot�ided that such inspaction shall be itndertalcen
<br /> promptly, Lender may disl�urse proceeds for the repairs and restor�tion in a siiigle p�yi�lent or in�series of
<br /> �rogress p�qments as the worlc is completed. Urlless ax1 agreelnant is in�de in writing or Applicable Law
<br /> requires interest to be paici on sucli insurance proceec�s, Lender shall not be reqttired to pay Borrower any
<br /> interest or earnings on such proceeds. Fees �or public adjusters, or otller tllird�arties, retained 1�y Borrower
<br /> sllall iloti be p�id out of the insurance proceeds and�shall be the sole obligation o�Borrowar, If tlio restora�tion
<br /> oi repair is iiot economic111y feasible or Lender's security would Ue lessenecl, the insurance proceecls shall Ue
<br /> applied to the sums securec�by this Security I�1st��umenti, whether or i�ot than c�ue, with the e�cess, iF any,
<br /> paid to Borrower. Such insurance prooeeds sha11 be appliecl in tlle order provided for in Section 2,
<br /> If Borrower ab�ncloi�s the Property, 1 ender inay file, negotia�e�nd settl�a�1y av�ilaUle insurance claiin and
<br /> relltecl matters. If Borrower does not res�ond within 30 dlys to a notice froin Lender that the insurailce
<br /> carrier rias oFfered to settle a claim, then Lender inay negotiate a11d settle the claiin. The 30-day period wi11
<br /> Uegin when the iiotice is given. In eitller avent, oi•if Lender acquires the Pro�erty uilder Section 22 or
<br /> otherwise, Borrower hereUy assigns to Lender(�)Borrower's rights�a any insurance proce�ds in an amotiint
<br /> not to exceed the ainounts unpaid uiider the Note or this Security Instruinent, and(b) any othei�of
<br /> Borrower's rights(o�;her tha�z the right to�iy refiuid�of une�rned premituns paid by Borr�ower)mid'er all
<br /> ii�surarice policies covering the Property, ii7sofar�,s s�ich rights are a�plic2ble to tha coverage of the
<br /> Property. Lender nYay Ltse tl�e insurance�rooeeds either to repaii or restore tlie Property or to pay amounts
<br /> un�aid under the�Note or this Sectu�ity Iustrumetlt, whether�or izot then due,
<br /> 6. Occupancy. Borrower shall occtipy, establish, and use the Property�s Borrower's pi•incipal residence
<br /> witlun 60 days after the execution of t11is Security Instrument and sha11 contirnte to occupy the Property as
<br /> Borrower's principal resiclence for�t least one ye�r after the d�te of occupancy, unless Lender otherwise
<br /> agrees in writiizg, which consent shall not Ue unreasonaUly withheld, or unless extenuating circtunstance�
<br /> exist wliich are beyond Borrower's control.
<br /> 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy,
<br /> clamage or iin�air tlie Property, �11ow the Property to deterior�te or coimnit waste on the Property. Whether
<br /> oi•not Borrower is resiclin�in the Property, Borrower shall maiilt�iii the Propei•ty iii order to prevent the
<br /> Properfy fi•oin deteriorati�ig or decreasing in v�lue due to its condi�ion. Ui�less it is determined pursiiant to
<br /> Section 5 th�t repair or resto�'ation is noti economically feasiUle, Borrower shall promptly repair the Property
<br /> if da111�ged to avoid fur�her cieterioration or damage. If institraYlce or condeinnation proceeds are paid in
<br /> connectiox7 witl�dainage to, or the taleing of, tlie Proparty, Borrower s1ia11 be responsiUle for repairing or
<br /> restoring the Property only ii'Lender has released�roceeds for s�ch purposes. Lender may disburse proceecls
<br /> 231231
<br /> NEBRqSKA-Single Family-Fannie M ae/Freddle M ac UNIFORM INS7RUM ENT 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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