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�01�09�50 work has been complet� to Lender's satisfaction, provideri 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 made in writing or Applicable Law requires interest to be paid on such insurance proceads, Lender shall not be r�uired to pay Bonower any interest or earnings on such proce�s. Fces 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 Bonower. If the restoration or repair is not economically feasible or Lender's security would be lessened, the insuran�ce praceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. S�ch insurance proceeds shall be applie� in tha order provided for in Section 2. If Borrower abandons the Properiy, Lendet may file, negotiate and settle any available insurance claim and related matters. If Bonower does not respond within 30 da.ys to a notica from Lender that tha insurance carrier has offereri to settle a claim, then Lender may negotiate and settla the claim. The 3Qiday period will begin when the notice is given. In either event, or if Lender acquires the Property under Seetion 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower' s rights to any insurance proceeds in aa 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, insofaz as such rights aze applicable to the coverage of the Properiy. Lender may use the �nc proceeds either to repair or restore the Property or to pay amounts unpaid under the Note ar this Se�urity Instrument, whether or not then due. 6. Occnpancy. Borrower sha11 occuPY, establish, and use the Property as Borrower's principal residencx within 60 days after the exe�ution of this Security instrument and shall continua to occupy tbe Property as Borrower' s principal residence far 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 Borrower's control. 7. Preservation, Maiintenance and Protection of the Property; Inspectiona. Bonower sha11 not destroy, damage or impair the Property, a11ow the Property to deteriorate or commit waste on the Property. Whether or not Bonower is residing in the Property, Horrower shall maintain the Properiy 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 e�onomically feasible, Borrower shall promptly repair the Properiy if damaged to avoid further deterioration or damage. If insurance or condemnation proc�ds are paid in connection with damage to, or the taldng of, the Property, Boaower shall be responsible for repairing or restoring the Property only if Lender has released procxeds for such putposes. 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. If the insurance or condemnation proceeds are not sufficient to repair ar restore the Property, Bonower is not relieved of Borrower' s obligation for the completion of such repair or restoration Lender or its agent may make reasona.ble entries upon and inspections of the Properiy. If it has reasonable cause, I.ender may inspect the interior of the improvements on the Property. Lender shall give Borrower notice at the time of or prior to such an interior insgection sp�ifying such reasonable cause. 8. Borrower's Loan Applicatioa Borrower sha11 be in default if, during the Loan applic�tion process, Borrower or any persons or entities acking at the direction of Borrower or with Borrower's knowledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material information) in connection with the Loan. Material representations include, but are not limited to, representations concerning Borrower' s occupancy of the Property as Bonower' s principal residence. 22003951�2 D V6ANE NEBRRASKA - Single Family - Fannle MaelFreddle Mac UNIFORM INSTRUMENT WIT%� — �-6A(NE� loetoJ Pege 7 of 75 i„�eig: Form 3028 1/07 � ��