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20120595� be applied to restoration or repair of the Property, if the restora.tion or repair is economically feasible and Lender's security is not lessened. During such repair and restoration period, Lender sha11 have the right to hold such insurance proceeds until Lender has had an opportunity to inspect such Property to ensure the work has been completed to Lender's satisfaction, provided that such inspection sha11 be undertaken promptly. Lender may disburse proceeds for the repairs and restora.tion 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 requires interest to be paid on such insurance proceeds, Lender sha11 not be required to pay Borrower 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 Bonower. If the restora.tion 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 Borrower. Such insurance proceeds sha11 be applied in the order provided for in Section 2. If Bonower abandons the Property, Lender may file, negotiate and settle any available insurance claim and related matters. If Borrower does not respond within 30 days to a notice from Lenderthat the insurance carrier has offered to settle a claim, then Lender may negotiate and settle the clairn. 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, Borrower hereby assigns to Lender (a) Borrower's rights to any insurance 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 a11 insurance policies covering the Property, insofar as such rights are applicable to the coverage of the Properiy. Lender may use the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the Note or this Security Instnunent, whether or not then due. 6. OCCUpancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within 60 days after the execution of this Security Instrument and sha11 continue to occupy the Property as Borrower's principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent sha11 not be unreasonably 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, a11ow the Property to deteriora.te or commit waste on the Property. Whether or not Borrower is residing in the Property, Borrower sha11 maintain the Property in order to prevent the Properiy from deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in connection with damage to, or the taking of, the Property, Borrower sha11 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 restoraxion m a single payment or in a series of progress payments as the work is completed. If the insurance or condemnation proceeds aze not sufficient to repair or restore the Property, Borrower is not relieved of Borrower's obligation for the completion of such repair or restoration. _ �, A a � � � � 1457072283 NEBRASKASingle Femily-Fannia MaelFreddie Mac UNIFORM INSTRUMQJT G Form 30281/01 09/10 VMP� Wolters Kluwer Finerxial Services 201207094.0.0.0.4002-J20110209Y Initials: Page 7 of 17 •H 1 7