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� 2� 15�7974 7132132775 944853 not economically feasible or Lender's security would be lessened,the insurance proceeds shall be applied to �. the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to - Borrower. 5uch insurance proceeds shall be applied in the order pro�ided for in 5ection 2. ' If Borrower abandons the Property, Lender may file, negotiate and settle any a�ailable insurance claim and related matters. If Borrower does not respond within 3� days to a noti�e from Lender that the - insuran�e carrier has off�red to settle a claim,then Lender may negotiate and settle the claim. The 3�-day period wili begin when the notice is gi�en. In either e�en�,or if Lender acquires t.he Property under 5ect�an 22 or otherwise,Borrower hereby assigns to Lender�a}Borrower's rights to any insurance proceeds in an - arnount not to exceed the amvunts unpaid under the Note or this S��uri�ty InStrum�nt,and�b}any other af Borrower's rights�other than the right to any refund of unearned premiums paid by Borrower} under all �nsurance po��c�es�overing the ProFer�,insofar as such rights are applicable to th�caverag�of the Propert�. Lender may use the insurance proceeds either to repair or restore the Praperty or to pay amounts unpaid under the Note or this 5ecurity Instrument, whether or not then due. 6. (]ccupancy. Borrower shall occupy, establ ish, and use the Property as Borrower's principal residence within 60 days after the exe�ution of this 5ecurity Instrument and shall continue to occupy the Property as Borrower's principal residence for at least ane 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. Preser�ation, Maintenance and Protection of the Property; Inspections. Borrower shall not destray,damage or impair the Property,allow the Property to deteriorate or commit waste on the Property. `]Vhether or not Borrower is residing in the Property,Borrower sha�l maintain the Property in order to pre�ent the Property from deteriorating or decreasing in�a�ue due to its condition.Llnless it is determined putsuant to _ Section 5 that repair or restoration is not economically fea,sible,Borrower sha�l promptly repair the Property if damaged to avvid further deterioratian or damage. If insuran�e or�andemnatian proceeds are paid �n connection with damage to, or the taking of, the Property, Borrower shail be responsible for repairing or ; restor2ng the Property only if Lender has released prviceeds for such purposes. L�nder 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 or restore the Property, Borrower is not relie�ed of Borrower's obligation for the completion of such repair ar restoration. Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause,Lender may inspect the interior of the impro�ements on the Property. Lender shall gi�e Borrower notice at the time of or prior to such an interior inspection specifying such reasonable cause. . 8. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, Borrower or any persons or entities acting at the direction of Borrower or with Borrower's knowiedge or consent ga�e materially false,misleading,or inaccurate information or statements to Lender �or failed to pro�ide Lender with materia�information}in connection with the Loan.Material representations inciude, but are not Iimited to, represen�ations concerning Borrower's occupan�y of the Property as Borrower's principal residence. � 9.Pro�ec�ion of Lender's Interest in the Properiy and Rights �Tnder this Security Instrument. If�a}Borrower fails to perform the ca�enants and agreements contained in this Security Instrument,�b}there � is a 1ega�proceeding that might signifcantly aff��t Lend��'s rnt�r�st Zn th�Praperty an�lor rights un��r this 5ecurity Instrument �such as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for enfor�ement of a lien which may attain priority over this 5��urit}� Instrum�nt or to enforce laws �r regulations}, or �c} Borrower has abandoned the Property, then Lender may do and pay for whate�er is reasonable or appropriate to prote�t Lender's interest in the Property and rights under this 5ecurity Instrument, including protecting andlor assessing the�alue of the Praperty,and securing andlor repairing the Property. Le nder's actions can inc lude, but are not 1 im ited to: �a}payi ng any sum s secured by a 1 i e n wh ich NEBRASKA--Single Family--Fannie MaelFreddie Mac UNIF�RM INSTRUMENT � 338.26 Page 7 of l5 Form 3a28 IIaI Modified for VA