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' 201207541 be applied to restoration or repair of the Property, if the restoration or repair is econom ically feasible and Lender's security is not lessened. During such repair and resWration period, Lender shall 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 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 comple[ed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shal I not be required to pay Borrower any interest or earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Borrower shall not be paid out of the insurance proceeds and shall be the sole obligation of Borrower. Ifthe restoration or repair is not economically feasible or Lenders security would be lessened,the insurance proceeds shall be applied to the sums secured 6y this Security Instrument, whether or nol tl�en due, with the excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the order provided for in Section 2. If Borrower 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 Lender that the insurance carrier has olTered to settle a claim,then Lender may negotiate and set8e the claim. The 30-day period will begin �vhen the notice is given. In either event, or if Lender acquires the Property under Section 22 or o[herwise, Borrower hereby assigns to Lender(a) Borrower's righ[s 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 Borrower s rights(other than the right to any refund of unearned premiums paid by Borrower) under all insurance policies covering the Property, insofar as such rights are 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 Instrwnent, whether or not then due. 6.OCCupanCy. Borrower shall occupy,establish,and use the Property as Borrower s principal residence within 60 days after[he execution 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 occupancy,unless Lender otherwise agrees in wri[ing,which consent shall not be unreasonably withheld,or unless extenuating circumstances exist which are beyond Borrower's wntrol. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrowcr shall not destroy, damage or impair the Property, allow the Property to deteriorate or commit waste on the Property. Whether or not Borrower is residing in the Property, E3orrower shall maintain the Property in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is determ ined 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 W, 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 for the repairs and restoration in a single payment or in a series of progress payments as[he work is completed. lf the insurance or condemnation proceeds are not su�cient to repair or restore the Property, Rorrower is notrelieved of Borrowers obligation for fhe completion of such repair or restoration. O. /� '� �y 13D9297001 NEBRASNA-Single Family-Fannie MaelFreaGie Mac UNIFORM INSTRUMENT �� Form 30281l01 �� 03111 Wullers Kluwer Financial Services 201208294.0004002J20110628V Initials Page 7 of 1� IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII��IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII