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2� 1 ��8�38 <br /> a.ri agreement is made�n writing or App�ica�le Law requires interest to be pa�d on such i�n.surance <br /> praceeds,Lender shall not be required to pay�orroWer a.ny interest�r earnings on such proceeds. Fees <br /> for public adjusters,or other third parties,reta�ned by Borrower shall not be pa�d�ut of the�nsurance <br /> proceeds and shall b�the sole obligati�n of Borrower. If the restorati�n or repair is not economica��y <br /> feasible or L�nder's se�ur�ty would h�l�ssened,the insurance proceeds sha��be applied to the sums <br /> secured by this Security Instrument,Wh�ther or n�t then due,with the excess, if any,paid t�Borrower. <br /> Such insurance pr�ceeds shall be a�plied in the order pro�ided for in Section Z. <br /> If Borrower abandans the Property,Lender may fil�,negotiate and s�ttle any a�aila�le insurance <br /> claim a.nd related maiters.If Borro�ver does nat respond within 30 days ta a natice fr�m Lender th�.t <br /> the insura.nce�arrier has offEred to s�tt��a cl�.�m,then Lender may n���t�ate ar�d settle the claim. <br /> Th�3 D-day period wi��hegin when the notice is gi�v�n.In either event,�r�f Lender acquir�s the <br /> Property under Section�2�r atherwise,Borr�w�r hereby assigns to Lender�a}Borrower's rights t� <br /> any insurar�ce praceeds in an amount not to exceec�the amaunts unpaid under the Note ar this Security <br /> Instrument,and(b}any oth�r of Borrower's rights�other than th�right t�any refund of unearned <br /> pr�miums paid by Borr�w�r}under al�insura.nce policies cv�ering the Prope�-ty, insofar as such rights <br /> are applicabie ta the co�erag�of the Property.Lender may use the�nsurance proceeds either to repair <br /> or restare the Proper�y or ta pay amounts unpaid under the N�te or th�s Security Instrument,whether <br /> or not then due. � <br /> 6. �CCupanCy. Barrow�r shall occupy,esta.blish, and use the Property as Borrow�r's principal <br /> residence w�thin�4 days after the executi�n�f this Security Instrument and shall continu�to occupy <br /> the Property as�orrower's principal residence for at least one year after the date of occupancy,unless <br /> Lender atherwise agre�s in writing,Wh�ch consent shall n�t be unreasonably withhe�d, or unless <br /> extenuating circumstances exist which are beyond Borrower's cantrol. <br /> l. Pr�servatian, Niaint�nance and Pratection af the Praperty; Inspections. Barrower <br /> shall not destroy,da.mage or impa�r the Proper�y,allow the I'roperty to deter�orate or cammit waste <br /> on the Pr�perty.�h.ether or n�t Borrower is residing in the Praperty,Borrower shal�maintain the <br /> Property in arder to prevent th�Froperty fr�m deteri�rating or decreasing ir��aiue du�ta�ts condit�on. <br /> Unless it is determined pursuant t�Section 5 that repair or restoration is not ecanom�cally feasible, <br /> Borrower sha�l pro�mptly repair the Pr�perty if darr�aged to avoid fi.�rther det�riorativn or damage. <br /> If insurance or candemnati�n praceeds are paid in connection w�th damage t�, or tlie ta�ing of,t�ie <br /> Praperty,Borrower shall be responsible for repairing or restaring the Property only if Lender has <br /> released pro�eeds for such�urp�ses.Lender may c�isburse proceeds far the repairs ar�d r�st�ratior� <br /> in a single paym�nt or in a ser�es of progress payments as the�v�rk is completed.If#he insura.nce or <br /> cond�mnati�n proceeds are not suff�c�ent to repa�r or restore the Property,B�rr�wer is nat re�ieved of <br /> Borrawer's obligation for the c�mpletion of such repair�r restaration. <br /> Lender or its agent may make reasonable entries up�n ar�d inspections of the Praperty.If it has <br /> reasonal�le cause,Lender may inspect the interior�f the improvements an th�Praperty. Lender shall <br /> gi�e Borrower notice at the time of or prior t�such a�n interior�nspection spec�fying such reasonable <br /> cause. <br /> 8. Ba rrower'� Loa n A p p I icati�n. Borrawer shall be ir�default�f,during the Loan appi��ation <br /> pracess,Borrflwer or any persons ar entit�es acting at the direction of Borrower or with Barrower's <br /> knowledge or c�nsent ga�e materially false,misl�ad�ng,or inac�urate information or statements ta <br /> Lender(or failed ta pro�ide L�nder with material informati�n�in connection with the Loan.Material <br /> ��oaaz�a� <br /> NEBRASKA-Singfe Family-Fannie MaeJFreddie Mac UNiF[]RM iNSTRUMENT Fvrm 30281I�1 <br /> VMP� _ �41 fi <br /> WPoI#ers Kluwer Financiai Services 2��G11081G.2.�.3814-N201fi�72DY Page 7 of 16 <br />