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20110923G All insurance policies required by Lender and renewals of such policies shall be subject to Lender's right to ' disappro��e such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee and/or as an additional loss parcc. Lcndcr shall havc thc right to hold thc policics and rencwal ccrtificatcs. If Lender requires, Borrower shall promptly give to Lender all receipts of paid premiums and renewal no.tices. lf Borrower obtains any form of insurance coverage, not otherwise required by Lender, for damage to, or destn�clion of, the Properly, such policy shall include a standard morlgage clause and shall name Lender as mortgagee and/or as an additional loss 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 Bonower. Unless Lender and Borrower othern�ise agree in writing, an,y insurance proceeds, whether or not the underlying insurance was required by Lender, shall be applied to restoraUon or repair of the Property, if the restoration or repair is economically feasible and Lcndcr's sccurity is not lcsscncd. During such rcpair and restoration period, Lcndcr shall havc thc right to hold such insurance proceeds until Lender has had an oppartunity to inspect such Property to ensure the work has been completed to Lender's satisfaction, provided ll�at such inspection shall be underlaken promptly. Lender may disburse proceeds for the repairs and restoralion in a single paymenl 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 insurance proceeds, Lender shall not be required to pay Borrower am� interest or earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Bonower 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 applicd to thc sums sccurcd by this Sccurity Instnuncnt, whcthcr or not thcn duc, with thc csccss, if acry, paid to Borrower. Such insurance proceeds shall be applied in the order provided for in Section 2. If Borrower abandons the Properiy, Lender may I`ile, 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 setde the claim. The 30-day period will begin when the notice is given. In either event, or if Lender acquires the Property under Section 22 or othenvise, Borrower hereby assigns to Lender {a) Bonower's rights to any insurance proceeds in an amount not to e�ceed the amounts unpaid under the Note or this Security Instrument, and (b) any other of Bonowcr's rights (othcr than thc right to any rcfund of uncarncd prcmiums paid by Bonowcr) undcr all insurance policies covering the Property, insofar as such rights are applicable to lhe coverage of the Property. Lender may use the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the Note or this Security Inslrument, whelher or not then due. 6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence - witlun GO da}�s after the e�ecution of this Security Instrument and shall continue to occupy the Property as Borrower's principal residence for at least one year after the date of occupanc}�, unless Lender othenvise agrees in writing, which consent shall not be unreasonably withheld, or unless e�tenuating circumstances � eust which are bevond Borrower's control. 7. Preservation,Maintenanceand Protectionof the Property; Inspections.Borrowcr shall not dcstroy, damage or impair the Property, allow the Property to deteriorate or commit waste on the Property. Whether or not Borrower is residing in the Properiy, Borrower sl�all maintain the Properiy in order lo prevent the Properiy from deteriorating or decreasing in value due to its condition. Unless it is detennined pursuant to Section 5 that repair or restoration is not economically feasible, Borrower shall promptl_y repair the Property if damaged to avoid further deterioration or damage. If insurance or condemnation pmceeds are paid in connection with damage to, or the taking of, the Property, Borrower shall be responsible for repairing or restoring the Property only if Lender has released proceeds for such purposes. Lender may disburse proceeds NEBRASKASingle Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Fortn 30281/01 VMP � VMPB(N� (1105).00 Wolters Kluwer Financial Services �9e ��