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��07�� damage to, or destruction of, the Property, such policy sha.11 include a standard mortgage clause and shall name Lender as mortgagee and/or as a.n additiona.l loss payee. In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made promptly by Borrower. Unless Lender a.nd Borrower otherwise agree in writing, a.ny insurance proceeds, whether or not the underlying insurance was required by Lender, shall 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 opporlunity 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 completed. Unless an agreement is ma.de in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shall 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. If the restoration 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 5ecurity Instrument, whether or not then due, with the excess, if any, paid to Bonower. 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 da.ys to a notice from Lender tba.t the insurance carrier has offered to settle a claim, then Lender may negotiate and settle the claim. 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 Borrower's rights {other than the right to any refund of unearned premiums paid by Bonower) under all insurance policies covering the Property, insofar as such rights are applicable to the coverage of the Properly. Lender may use the insurance proceeds either to repair or restore the Properly or to pay amounts unpaid under the Note or this Security Instrument, whether or not then due. 6. Occupancy. Bonower shall occupy, esta.blish, a.nd use the Properly as Borrower's principal residence within 60 days after the execution of this Security Inshument a.nd shall continue to occupy the Property as Borrower's principal residence for at least one year after the date of occupa.ncy, unless Lender otherwise agrees in writing, which consent sha11 not be unreasonably withheld, or unless eactenuating circumstances exist which aze beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower sha11 not destroy, damage or impair the Property, a11ow the Properiy to deteriorate or commit waste on the Property. Whether or not Borrower is residing in the Property, Borrower shall mainta.in the Property in order to prevent the Property 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, Bonower 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 Properly, Borrower shall be responsible for repairing or restoring the Property only if Lender has released proceeds for such HCFG-00359 NEBRASKASingle Famlly-Fannie MaelFreddie Mac UNIFORM INSTRUMENT Form 3028 1/01 VMP� 03/11 WolOara Kluwer Finarrolal Sarvicea 201110124.0.0.0.4002-J20110525Y Pege 7 ot 17 .�