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2012030�� 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 have the right to hold such insurance proceeds until Lender has had an opporlunity to inspect such Properly 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 single payment or in a series of progress payments as the work is completed. Unless an agreement is made in writing or Applicable Law r�uires interest to be paid on such insurance proceeds, Lender shall not be required to pay Bonower any 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 sha11 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 applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Bonower. Such insurance proceeds shall be applied in the order provided for in Section 2. If Borrower abandons the Properiy, Lender may file, negotiate and settle any available insurance cla.im and related matters. If Borrower does not respond within 30 days to a notice from Lender that the insurance casrier 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 either event, or if Lender acquires the Property under Section 22 or otherwise, Bonower hereby assigns to Lender (a) Borrower's rights to any ins�uance proceeds in an amount not to exceed the amounts unpaid under the Note or this Security Instrument, and (b) any other of Bonower's rights (other than the right to any refund of unearned premiums paid by Bonower) under all insurance policies covering the Property, insofaz as such rights aze applicable to the 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 Insirument, whether or not then due. 6. Occupancy. Borrower sha11 occupy, establish, and use the Properiy as Bortower's principal residence within 60 days after the execution of this Security Inshument and sha11 continue to occupy the Property as Borrower's principal residence for at least one year after the da.te of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unrea.sonably withheld, or unless extenuating circumstances exist which are beyond Bonower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Bonower sha11 not destroy, damage or impair the Property, allow the Properly to deteriorate or commit waste on the Property. Whether or not Borrower is residing in the Property, Borrower shall maintain the Property in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to 5ection 5 that repair or restoration is not economically feasible, Bonower shall promptly repair the Property if dama.ged to avoid further deterioration or damage. If insurance or condemnation proceeds are pa.id in connection with damage to, or the ta.king of, the Properiy, Bonower sha,ll be responsible for repairing or restoring the Property only if Lender has released proceeds for such purposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. If the insurance or condemnation proceeds are not sufficient to repair or restore the Property, Borrower is not relieved of Borrower's obligation for the completion of such repair or restoration. HCFG-003fi9 NEBRASKASingle Femliy-Fannie MaelFreddie Mac UNIFORM INSTRUMENT Fortn 3026 7/01 yMp� 12/11 Wolters Kluarer Finar�cial Services 201204164.0.0.0.4002-J20777126Y Pege 7 oi 16