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201108846 damage to,or destruction of,the Properly,such policy shall include a standard mortgage clause and shall name Lender as mortgagee andlor as an additional 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 and Borrower otherwise agree in writing,any 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 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 restoratian in a single payment or in a series of progress payments as the work is completed. Unless an agreement is made 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 eeonomically feasible or Lender's security would be lessened,the insurance proceeds shall be applied to the sums secured by this Security Insttument,whether or not then due,with tha 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 nolice from Lender that 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 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 Instrument,whether or not then due. 6.Occupaney.Borrower shall occupy,establish,and use the Property as Borrower's principal residence within 60 days after the execution of this Seeurity 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 writing,which consent shall not be unreasonably withheld,or unless extenuating circumstances exist which are beyond$orrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower 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,Bonower shall maintain the Property in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is detertnined pursuant to 5ection 5 that repair or restaration is not economically feasible,Borrower shall promptly repair the Property if damaged to avoid furthcr deterioration or damage.If insurance or condemnation proceeds are paid in connection with damage to, or the taking of,the Property,Borrower shall be responsible for repairing or restoring the Property only if Lender has released proceeds for such HCFG-00359 NEBRASKA-Single Family-Fannie MaalFreddie Mac UNIFORM INSTRUMENT Form 3028 1/Oi , VMP� 08lit Wolters Kluwer Financial Services 2011t1154.0.0.0.4002-J20110824Y Page 7 of 17 'i 14 1 6`