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202006520 In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender 11 ay make proof of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise gree in writing, any insurance proceeds, whether or not the underlying insurance was required y Lender, shall be applied to restoration or repair of the Property, if the restoration or repair is conomically feasible and Lender's security is not lessened. During such repair and restoration period, ender shall have the right to hold such insurance proceeds until Lender has had an opportunity to • Zspect such Property to ensure the work has been completed to Lender's satisfaction, provided that 1 uch inspection shall be undertaken promptly. Lender may disburse proceeds for the repairs and estoration in a single payment or in a series of progress payments as the work is completed. Unless n agreement is made in writing or Applicable Law requires interest to be paid on such insurance roceeds, Lender shall not be required to pay Borrower any interest or earnings on such proceeds. Fees or 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. If the restoration or repair is not economically easible or Lender's security would be lessened, the insurance proceeds shall be applied to the sums ecured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. uch insurance proceeds shall be applied in the order provided for in Section 2. f Borrower abandons the Property, Lender may file, negotiate and settle any available insurance laim and related matters. If Borrower does not respond within 30 days to a notice from Lender that i , he insurance carrier has offered to settle a claim, then Lender may negotiate and settle the claim. he 30 -day period will begin when the notice is given. In either event, or if Lender acquires the roperty under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights to ny insurance proceeds in an amount not to exceed the amounts unpaid under the Note or this Security nstrument, and (b) any other of Borrower's rights (other than the right to any refund of unearned remiums paid by Borrower) under all insurance policies covering the Property, insofar as such rights re applicable to the coverage of the Property. Lender may use the insurance proceeds either to repair r restore the Property or to pay amounts unpaid under the Note or this Security Instrument, whether or not then due. . Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal esidence within 60 days after the execution of this Security Instrument and shall continue to occupy le Property as Borrower's principal residence for at least one year after the date of occupancy, unless lt.,ender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless $xtenuating circumstances exist which are beyond Borrower's control. . Preservation, Maintenance and Protection of the Property; Inspections. Borrower hall not destroy, damage or impair the Property, allow the Property to deteriorate or commit waste n the Property. Whether or not Borrower is residing in the Property, Borrower shall maintain the roperty in order to prevent the Property from deteriorating or decreasing in value due to its condition. nless it is determined pursuant to Section 5 that repair or restoration is not economically feasible, orrower shall promptly repair the Property if damaged to avoid further deterioration or damage. f insurance or condemnation proceeds are paid in connection with damage to, or the taking of, the roperty, 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 i a single payment or in a series of progress payments as the work is completed. If the insurance or ondemnation 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. EBRASKA-Single Family -Fannie Mae/Freddie Mac UNIFORM INSTRUMENT WITH MERS olters Kluwer Financial Services, Inc. 2020082420.2.0.3206-J20190326Y 1484386 Form 3028 1/01 02/2019 Page 7 of 16