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2� 1 ��2832 restorat�on in a single payment ar 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 an such insurance proceeds,Lender sha�l not be required to pay Barr�wer a.ny interest or earnings on such proceeds.Fees far public adjusters, or other third parties,retained by Borr�wer sha11 nat be paid out of the insura.nce pr�ceeds and shall be the sole obligation of Borr�wer. If the restoration ar repair is not economically feasible ar Lender's security wou�d be lessened,the insurance proceeds shall be applied to the sums secured by this Security Instrument,vvhether or not then due,with the excess, if any,pa�d to Borrower. Such insurance proceeds shall be applied in the arder pro�ided for in Section 2. If Borrower a�andons the Pro�erty,Lender may fi�e,negotiate and settle any a�ailable insurance claim and relat�d maiters.If Borrower does n�t respond within 3�days to a notice from Lender that the insurance carrier has offered to settle a claim,then L�nder may negotiate and settle the�laim. The 3�-day period will begin when the notice �s given.In either event, or if Lender acquir�s the Property under Section 2� or otherwise,Borr�wer hereby assigns to Lender(a�Borrower's rights to any insurance praceeds in an amount not to e�ceed the a.mounts unpaid under the Note or this Security Instrument, and(h}any other af Borrawer's rights(oth�r tha.n the right ta any refund of unearn�d premiums paid by Borrower}under all insurance po�icies c�vering the Property, insofar as such rights are applicah�e to the co�erage of the Property. Lender may use the insurance proceeds either to repair � or restore the Prnperty or to pay amaunts unpaid under the Note ar this Security Instrument,whether �r nat then due. �. ��upan�y. Borrower shall occupy, esta.blish, and use the Property as Borr�yver's principal residence within 5�days after the e�ecuti�n of this Security Instrument and shall continue to occupy the Property as B�rrawer's principal residence for at least one year after the date of occupan�y, unless Lender otherwise agre�s in wr�ting,which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are bey�nd Borravver's control. 7. Preservation� IVlaintenance and Prote�tian �f the Prop�rty; Inspectians. B�rrower shall n�t destr�y,damage�r impair th�Property,allow the Property ta deteriorate or commit waste on the Property. Whether�r not BorroWer is residing in the Property, Barrower shall maintain the Pr�perty in order t�pre�ent the Property from d�teriarating or decreasing in�a1ue due t� its condition. LTn�ess it is determined pursuant to Sectian 5 that repair or restoration is not econ�mically feasihle, Borrower shall promptly repair th�Property�f damaged t�a�oid further deterioration or damage. If insurance�r condemnation pr�Ceeds are paid in connection with damage to, ar the ta.king of,the Pr�perty,Borrower sha11 be responsib�e for repairing or rest�ring the Property only�f Lender has released proceeds for such purposes.Lender may dis�urse proceeds for the repairs a.nd r�storation in a sing�e payment or in a series of progress payments as the work�s comp�eted. If the insurance or condemnation proceeds are not su�cient to repair or restore th�Property,Borrower is not relieved of Borrower's�bligation for the completion of such repair or restoration. Lender ar its agent may make reasanab�e entries upon and inspections af the Property.If it has reasanable cause,Lender may inspect the�nteriar of the improvements�n the Pr�perty. Lender shall gi�e B�rrower natice at the time of or prior ta such an interiar inspection spe�ifying such reasonable cause. 8. Borrovr►er's Loan Application. Borrower shall be in default if,during the Loan application process,Borrower or any per�ons or entities acting at the direction af Borrower or With Borrawer's knawledge or consent ga�e materia��y false,misleading,or inaccurate information�r statements to Lender�or fa��ed to provide Lender with material information�in connection with the Loan.Materia� 230Q40'�232 NEBRASICA-Single Family-Fannie MaelFreddie Mac LINIFQRM INSTRkJMENT Form 3a28'[1�1 VMP� �Sf2�15 Waiters Kluwer Financial 5ervices 201fi042�16.1.�.3454-N2015'1�19N Page 7 of 1fi