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�Q��Q��3� <br />work has been c:ornpleted #o Lender's satisfaction, grovided that such inspection shall be undertai�en <br />promptly. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series <br />of progress payments as the work is completed. Unless an agreement is made in writing or Agplicable Law <br />requires interest to bc gaid on such insurance psoceeds, Lender shall rtat be reqaired tb pay 13orrower any <br />intcrest vr earnings on such praceecis. Fees for public ad,}usters, or oYher third parties, retained by <br />Bc�rrower shall not be paid out af the insurance proceeds and shall be the sole obligation of Borrower. If <br />Ihe resloration or repair is not eeonomically feasible ar J.enc�er's security would be lessened, the insurance <br />proceeds shall be applied to the sums secured by this Security Instrument, whether or not thea due, with <br />the excess, if any, paid to Barrower. Such insurance proceeds shall be agplied in the arder pravided for in <br />Section �. <br />If tiorrower abandans the Property, i.ender may file, negotiate and settle any availabie insurance <br />claim and related matters. If Barrower does nat zespond within 30 days to a notice from Lender that thc <br />insurance canier has offered to settle a claim, then Lender may negotiate arid settle the claim. The 30-day <br />periad will begin when the nc�tice is given. In either even#, or if Lender acquires the Property under <br />Sectian 22 ar otherwise, florrower hereby assigns to Lender (a} Borrower's rights ta any insurance <br />proceeds in an amount not to exeeed the amounts unpaid under the Note or this Security Instrumene, and <br />(b} any other of Borrower's rights (ather than the right ta any refund of unearned premiums paid by <br />I3orrnwer) under all insurance policies cavering the Froperty, inso�Far as such rights aze app�icable so the <br />coverage of the Properiy. Lender may use the insuranc;e proceeds either ta repair or restore ihe Properiy ar <br />to pay amounts unpaid unrler the Note or this Security Insirument, whether or not then due. <br />6. Oceupancy. Borrower shall occupy, establisb, and use the Property as Borrower's principaI <br />resic�ence within 60 days afler the execution of this Security Instrument and shall continue to axupy the <br />Property as Borr�wer's grincipal residence for at least one year after the tlate of o�pancy, unless Lender <br />ocherwise agrees in writing, which consent shall noT be unreasonabiy withheid, or unless extenuating <br />circumstances exist which are beyond Barrower's control. <br />7. Preservation, Maintenance �nd Protection of tlie Progeriy; lnsp�ions. Borrower shall not <br />destroy, damage or impair the Property, allou= the Property tn deteriorate or commit waste an the <br />Property. Whethcr or not Borrotver is residing in the Property, Iiorrower shall maintain the Property in <br />ardcr to prevent the Property from deteriorating or decreasing in value due to its condition. Unless ik is <br />determi�ed gursuant to Section 5 that repair ar restoration is not econoznically feasible, �rrower shall <br />prnmptiy re�air thc Property zf dannaged to avoid further deteriaration or dannage. If insurance ar <br />cUndemnation proceeds are paid in connection with damage to, or the taking Qf, the Property, I3orrawer <br />shall be resgonsible for repairing or restoring ibe Pragerty anly if Lendex bas released proceeds for such <br />pucposes. Lender may disburse proceeds for ihe rapairs and restoration in a single payment or in a series of <br />prbgress payments as t1�e work is completed. If the insurance or condemnation prot;eeds are not sufficient <br />to repair or restore the Property, Borrower is not relieved of Borrower's obligation for the completion of <br />such repair or restoration. <br />Lender or its agent may make reasonable entries upon and inspectians af the Progerty. If it has <br />reasanable cause, Lender may inspect ihe interior af the impravements on the Property. Lender shall give <br />Sorrower notice at the lime of or prinr ta such an interiar inspection sgectifying such re2sonabie cause. <br />8. Borrower's L.oan A�plication. Borrower shall be in default if, dnri.ng the Loan application <br />prncess, Borrower or any persons ar entities acting at the direction of Borrawer or with ]3orrawer's <br />knowledge ar consent gave materially false, misieading, or inaccurate information or statements to Lender <br />(or failed to provide Lender Fvith maierial information) in connection with the Loan. Material <br />represcntations include, but are nat Iimited to, representations concsrning Borrower's occupancy of the <br />Property as Borrower's pzincipal reszdenc:e. <br />12-a6-400124 <br />NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRiJMEWT 1AffTH MERS <br />�-6A(NE� toaaa� Page 7 nf t5 Form 3d28 1101 <br />� <br />' �1 <br />