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2� 1 ��8797 in the event of 1oss,Borrower shall gi�e prompt n�tice to t1�e insurance carrier and Lender.Lender may make praof of lass if not made promptly�y BorravWer.Unless Lender and Borrower otherwise agr�e in writing, any insurance pra�eeds,whether or not the underlying insurance was required by Lender,shall be applied to restoration ar repair of the Proper�y, if�he rest�ra�iori�r repair is � econamically feasi�le and Lender's security is no�1�ssened. During such repair and restaration period, L�nder shall have the right to hv�d such insurance pr�ceeds until Lender has had an opp�r�unity to � inspect such Froper�y ta ensure the work has been campleted tv Lender's satisfaction,pro�ided�hat � such inspection sha11 be und�r�aken prvmptl�.Lender may disburse proceeds for�he repairs and rest�ration zn a single payment or in a series of progress pa�ments as the work is campleted. Un�ess an agreement is rnade in writing or Appl�cable Law requires interest to be paid an such insuran�e proceeds,Lender sha1l not�e r�quir�d t�pay B orr�wer any interest or earnings on such proceeds.Fe�s. far public ad�usters, or other third parties,retained b�Borrower shall not be paid ou�of the insurance proceeds and shall be the sole obtigation af Borrnwer. If the res�oration or repair is nat ecanomi�al�y feasible�r Lender's security�ould be Iessened,�he rnsurance proceeds shall be applied to the surns s.ecured by this Securi�y Ins�rument,whether ar not then due,with the excess, if any,paid�o Borrower. Such insurance proceeds shall be app�ied�n the order provided for in 5ec�ion 2. If Borrov�er a�andons the Property,Lender may fite,neg�tiate and settle an}�available insurance claim and related matters. If Barr��er daes not respond wi�hin 30 days to a no�ice from Lender that �he insurance carrier has offered to set�Ie a claim,then Lender may negotiate and s�ttle the claim. The 3 0-day period�i11 begin wh�n the nv�ice is given. In either event, or if Lender acquires the Property under Section 22 or othervvise,Borrower hereby assigns to Lender�a�Borrower's rights to any insurance proceeds in an amaunt n�t to exceed the amounts unpaid under the Note or this 5ecurity � rnstrumen�, and�b�any other af Borrower's rights�other than the right�o any refund of.unearned prerniums paid by Borrower�under all insurance pa�icies co�ering�he Property, insafar as such rights are applicable to the coverage of the Property.Lender may use the insurance�roceeds ei�her�o repa�r or restare the Prop�rty or ta pay am�un�s unpaid under the N�te�r this Security�nstrument,wheth�r or nat�hen due. �. �ccupancy. Barrower shall accupy,es�ablish, and use the Property as Borrower's pr�ncipai residence wi�hin 6D days after the execution of�his Security Instrument and sha1l continue to occupy the Propert�as Borrower's principal residence far at Ieast�ne year after�he date of occupancy, unless Lender determines that this requirement shall cause undue hardship for the Barravver or unless � extenuating circumstances exist v�hich are beyond Borrawer's control. . � 7. Preservat�on, Niaint�nance and Pratection �f the Pro�erty; lnspectinns. Borrawer sha�l not destr��, damag�or impair the Proper�y, allo�v the Proper�y to deteriorate�r c�mmit waste on the Prop�t-ty.Borrower shall maintazn the Proper�y in order ta pre�ent the Property from deteriarating or � decreasing in value due to its conditi�n. Unless i�is determined pursuant to 5ect�on 5 that repair or restora�ian is not ecan�mically feasible,Barrower shall promptly repair the Property if damaged to . avaid further deterioration ar damage. If insurance ar condemnation proceeds are paid in cannection � with damage t�the Property,Borro�er shall be responsi�le for repairing or restoring the Property only , if Lender has re�eased proceeds for such purposes.Lender may dis�urse proceeds for the repairs and restoration in a single payment or in a series af progress payments as the�ark is completed. If the HCFG-Q�7o3 �4Q88�56�6�'f 2 FHA Deed of Trust-NE 913DI�fl�4 Bankers 5ystsms'�"VMP� 11l�� Vlralters Kluwer Financial Services 2�16121915.3.2.35U9-J2�15472�Y Page 7 of�B � i ,