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201109455 wark lias been completed to Lender's satisfaction, provide� that such inspection shall be imdertaken prompfly. Lender may disburse proc�eds for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. Unless an agr�t is made in writing or Applicabla Law requires interest to be paid on such insurance proceer�s, Lender shall not be required to pay Borrower any intere.st ar earnings on such pra�eds. Fees for public adjusters, or other tUird parkies, retained by Bonower sl�all rnot be pa�d out of the insurance proceeds and shall he the sole obligation of Boaower. If tha restoration ox repRir is not e�onomically feasi'ble or Lender's security would be l�ed, the insurance proc�eds shall be applied to the sunns sacured by this Security Instrument, whether or not then due, with the excess, if any, Faid to Bonower. Such insurance proce�ds shall be applierl in the order provided for in Section 2. If Borrower abandons the Properiy, Lender may file, negotiats and settle any available insivance claim and related matters. If Bonower do� not r�pond within 30 days to a notice fram I.eader that tha insurance carrier has offerad 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 tha Property under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Bonower's rights to any insiu�ance proceeds in an amount not to elcceed the amoimts unpaid under tha Note or this Sec�nrity Instrument, and (b) any other of Borrower° s rights (other than tha right to any rafimd of une�ned premiums paid by Borrower) under all insurance policies covering the Property, insofar as such rights mre applic�bla to the coverage of the Property. I.ender may use the insurance pr«�eds either to repair ar restaze the Prop�ty or to pay �unts unpaid under the Note or this Seamty Instrument, whether or not then due. 6. Occnpancy. Bonower shall ocxupy, �tablish, and use the Property as Boaower's P�P� residence within 60 days aft.er the execution of this Security Instiiiment and shall c�ntinue to occupy the Properiy as Borrower' s principal residence for at least one year after the date of ocxnPancY, unless Lmder otherwise agrees in ovrinting, wluch consent shall not b� bmreasonably withheld, or unless extenuating circumstances exist wluch are beyond Borrower' s control. 7. Preserval3on, Maintenance and Protection of the Property; Inspec6tons. Boaower shall not destc'oY, dmnage or impair the Property, allow the Prop�ty to deteriorate or commit waste on tha Property. Whetl�er or not Borrower is residing in the Properiy, Boa�ower shall maintain tha Property in order to prevent the Property from deteriorating or decreasing in value dua to its condition Unless it is determine� pursuant to Se�tion 5 that repair or restoration is not e�onomically feasible, Borrower shall Prompfly repair the Property if damaged to avoid further deterioration or damage. If insurance or conde�mation proceeds are paid in connection with damaga to, ar the talQng o� the Properiy, Boirower sha11 be responsible for repairing or restoring the Property only if Lender has released proc�eds for such Purposes. Lender may disburse pra�eds far tha repairs and restoration in a single paym�t or in a s�ies of progress payments as the work is completed. If tha insuranca or condemnation proceeds are not sufficient to repair or restore the Property, Borrower is not relieve� of Borrower' s obligation for the completion of such repair or restora�ion Lender ar its agent may make reasonable �tries upon and inspexhions of the Property. If it has reasonable cause, I.ender may inspect the interior of the im�provements on the Properiy. Lender shall give Borrower notice at the tim,e of or prior to such an interior inspection specifying such reasonable cause. 8. Borrower's Loan Application Bonower shall be in default i� during the Loan applic�tion Procesa, Borrower ar any persons or eatities acting at the dire�tion of Borrower or with Borrower's kaowledge or consent gave materially false, misleading, or inacc�u�ate infornnation or statements to Lender (or failed to provide Lender with material information) in conne�tion with the Loan. Material representations include, but are not limite� to, representations concerning Bonower' s oc:cupancy of the Property as Boaower' s principal residence. 2200200425 D V6ANE NEBRASKA - Stngle Family - Fannle Mas/Froedrdle Mac UNIFORM INSTFtUMENT WRH MERS �-6A(Nq (oeto) PeBe 7 of 16 tr,iaa�e: 41� L f� Form 3028 1/01 � �