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201209793 proceeds,whether or not the undedying insurance was required by Lendey shall be applied to restorarion or repair of the Property,ifthe restoration orrepair is economically feasible andLender'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 opporhutity to inspect such Property to ensure fhe work has been completed to Lender's sarisfaction,provided that such inspecCion shall 6e undertaken promptly.Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of pro�ress payments as the work is completed.Unless an agreement is made in writing or Applicable Law requues interest to be paid on such insurance proceeds,Lender shall not he required to pay Borrower any interest or eamings 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 ihe sole obligation ofBonower.If the restoration or repair is not econotnically feasible or Lender's security would be lessened,the insurance proceeds shall be applied to the sums secured by this Security Instrumenf, whether or not then due,with the excess,if auy,paid to Borrower.Such insurance proceeds shaIl be applied in the order provided for in Section 2. IfBonower abandons the Properly,Lender may file,negoriate and settle any available insurance clann and related matters.If Bonower does not respond within 30 days to a notice from Lender that the insurance camer has offered to � settle a claim,tlien Lender may negotiate and settte the claim.The 30-day period will begin when the notice is given.In either event, or if Lender acquires the Properry under Secrion 22 or otherwise, Borrower hereby assiens 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 Insh'ument,and(b)any other ofBorrower's riglrts(other than the right to any refund of uneazned premiums paid by Bonower}under all insurance policies covering the Properiy,insofu as such rights are applicable to the coverage of the Properiy.Lender may use the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the Note or ffiis Security Inshvment,wl�ether or not then due. 6.Oceupancy.Borrower shall occupy,establish,and use the Property as Borrower's principat residence within 60 days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower's prineipal residence for at least one year after the date of occupancy,unless Lender otherwise aerees in v✓riting,whieh consent shal l not be unreasonably withheld,or unless extenuating circumstances exist which are beyond Borrower's control. 7.Preservation,Maintenance and Proteetion af the Property;Inspections.Borrower shall not destroy,daznage or impau the Properry,allow the Property to deteriorate or commit waste on the Property.Whether or not Borrower is residin�ut the Properry,Borrower shall maintain the Pmperty in order to prevent the Properiy from deteriorating or decreasin�in value due to its condition.Unless it is determined pursuant to Section 5 that repau or restoration is not economically feasible,Borrower shall promptly repairthe Proper[y if damaged to avoid fiuther deterioration or damage. If insurance or condemnarion proceeds are paid in connecrion with daznage to,or the takine of;the Properry,Borrower shaIl be responsible for repairing or restorin�the Property only if Lender has released proceeds for such purposes.Lender may disburse proceeds for the repairs and restorarion in a single payment or in a series of pro�ress payments as the work is completed.Iffhe insurance or condemnation proceeds aze not sufficient to repair or restore the Property,Borrower is not relieved of Borrower's obligatio�for the completion of such repair or restorakion. Lender or its agent may make reasonable entries upon and inspections of the Property.If it has reasonable cause; Lender may inspect the inteiior of the improvements on[he Property.Lender shall give Borsower notice at the time of or prior to such an interior inspection specifying such reasonable cause. 8.Borrower's Loau AppGcation.Borrower shall be in default if,during the Loan application process,Borroweror any persons or en6ties aetin�at the duecrion of Bosower or with Borrower's knowledge or consent gave materially false, misleading, or inaccurate informarion or statements to Lender (or failed to provide Lender with material information) in connection with the Loan. Material representations include, but aze not lunited to, representations conceming Borrower's occupancy of the Property as Borrower's principal residence. 9.Protecfion of Lender's Interest in the Property and Rights Under this Security Instrumeot If(a)Borrower fails to perform the covenants and agreements contained in this Security Instrument,(b)there is a legal proceeding that mi�ht significantly affect Lender's interest in the Property and/or rights under this Security Instrument (such as a proceeding in bankruptcy,probate,for condemnation or forfeiture,for enforcement of a lien wluch may attain priority NEBRASKA-Single Family-Fannie MaelFreddie Mac UNIFORM INSTRUMENTwith MERSForm 3028 7l01 Page 6 of 13 ios,inc. Borrower(s)Initials