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� 201209385 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 opportunity to inspect such Property to ensure the work has been completed to Lendcr's satisfaciion,provided that such inspection shall be undertaken promptly. Lender may disburse proceeds for the repairs and restoraAon in a single payment or in a series of progress payments as the work is completed. Unless an agreement is made in wridng or Applicable Law rcquires interest to be paid on such insurance proceeds, Lender shall not be required to pay Borrower any interest or eamings 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 Lender's security would 6e lessened;the insurancc proceeds shall be applied to the sums secured by this Securih-Instnunent,whether or not then due,with the excess, if any, paid to Borrower. Such insurance proceeds sha11 be applied in the order provided forin Section 2. If Bonower abandons the Properry, Lender may file,negotiate and settle any auailahle insurance claim and related matters. If Bottower does notrespond within 30 days to a notice from Lenderthat the insurancc carrier has offered to settle a claim,then Lender may ncgotiate and settle the claim.The 30-day period will begin when the noUce is given. In either event,or if Lender acquires the Property under Section 22 or othenvise; Borrower hereby assigns to Lender(a)Borrower's rights to any insurance proeeeds in an amount not to exceed the amounts w�paid under the Note or this Security Instrument,and(b) any other of Borrowcr's rights (othcr than the right to any refund of uneamed premiums paid by Borrower) under all insurance policies covering the Properry;insofar as such rights aze applicable to the coverage of the Property. Lender may use the insurance proceeds eithcr to repair ar restore the Property or to pay amounts unpaid under the Note or this Secunty Instrument,whether or not then due. 6. Occupancy.Borrower shall occupy,establish,and use the Properry as Borrower's pnncipal residence �mithin 60 days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower's principal residence for at least one year afterthe date of cecupancy,unlcss Lender otherwisc agrees in writing,which consent shall not be unreasonably withheld,or unless extenuating circumstances exist which are beyond Borro��er's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or impair the Propedy, allow the Property to deteriorate or commit waste on the Properry. Whether or not Borrower is residing in the ProperR�, Borrower shall maintain ihe Property in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is detcrmined pursuant to Section 5 that repair or restoration is not economically feasible, Borrower shall promptly rcpair thc Property if daznaged to auoid further detcriorarion or damage. If insurance ar condemnation procceds are paid in connection with damage to, or the taking of,the Properly, 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 repai rs and restoration in a single payment or in a series of progress payments as the work is completed. If the insurance or condemnation proceeds aze not sufFicicnt to repair or restore the Property,Borrower is not relieved of Borrower s obligation for the completion of such rcpair or resmration. HCFG-00359 NEBRASKA-Single Femily-Fannie MaelFredtlie Mac UNIFORM INSTRUMENT Form 30281101 VMP� 05/12 Wottere Kluwer Finaricisl5ervices 2 01 21 0 31 4.1.12336-J20120529V Paga 7 ef 18 IIIIIIIIIIIIIIIIIIIIIIII�IIIIII11111'��II�IIIIIIIIIIIIIIIIIIIIIIIII