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Property, if the restoration peri inspect such Pr be undertaken progress paym to be paid on s proceeds. Fees proceeds and s security would whether or not provided for in If Borrowe matters. If Borr settle a claim, t either event, or (a) Borrower's Security Instru by Borrower) u the Property. L under the Note 6. Occupa days after the e residence for at undue hardship 7. Presery or impair the Pr Property in ord determined pur the Property if connection wit Property only i restoration in a condemnation obligation for t If condemn the reduction of to payment of p monthly payme Lender or i Lender may ins prior to such an 8. Borrowe any persons or false, misleadin information) in concerning Borr FHA Nebraska D IDS, Inc. d of Trust with MERS 1/2015 Page 6 of 12 201704335 estoration or repair is economically feasible and Lender's security is not lessened. During such repair and d, Lender shall have the right to hold such insurance proceeds until Lender has had an opportunity to perty to ensure the work has been completed to Lender's satisfaction, provided that such inspection shall omptly. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of ts as the work is completed. Unless an agreement is made in writing or Applicable Law requires interest ch insurance proceeds, Lender shall not be required to pay Borrower any interest or earnings on such or public adjusters, or other third parties, retained by Borrower shall not be paid out of the insurance 11 be the sole obligation of Borrower. If the restoration or repair is not economically feasible or Lender's e lessened, the insurance proceeds shall be applied to the sums secured by this Security Instrument, en due, with the excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the order ection 2. abandons the Property, Lender may file, negotiate and settle any available insurance claim and related wer does not respond within 30 days to a notice from Lender that the insurance carrier has offered to en Lender may negotiate and settle the claim. The 30 -day period will begin when the notice is given. In if Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to Lender ights to any insurance proceeds in an amount not to exceed the amounts unpaid under the Note or this ent, and (b) any other of Borrower's rights (other than the right to any refund of unearned premiums paid der all insurance policies covering the Property, insofar as such rights are applicable to the coverage of nder may use the insurance proceeds either to repair or restore the Property or to pay amounts unpaid r this Security Instrument, whether or not then due. cy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within 60 ecution of this Security Instrument and shall continue to occupy the Property as Borrower's principal least one year after the date of occupancy, unless Lender determines that this requirement shall cause or the Borrower or unless extenuating circumstances exist which are beyond Borrower's control. tion, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage perty, allow the Property to deteriorate or commit waste on the Property. Borrower shall maintain the r to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is ant to Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair amaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in damage to, or the taking of, the Property, Borrower shall be responsible for repairing or restoring the Lender has released proceeds for such purposes. Lender may disburse proceeds for the repairs and single payment or in a series of progress payments as the work is completed. If the insurance or oceeds are not sufficient to repair or restore the Property, Borrower is not relieved of Borrower's completion of such repair or restoration. tion proceeds are paid in connection with the taking of the property, Lender shall apply such proceeds to he indebtedness under the Note and this Security Instrument, first to any delinquent amounts, and then ncipal. Any application of the proceeds to the principal shall not extend or postpone the due date of the ts or change the amount of such payments. s agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, ect the interior of the improvements on the Property. Lender shall give Borrower notice at the time of or ' nterior inspection specifying such reasonable cause. 's Loan Application. Borrower shall be in default if, during the Loan application process, Borrower or ntities acting at the direction of Borrower or with Borrower's knowledge or consent gave materially , or inaccurate information or statements to Lender (or failed to provide Lender with material onnection with the Loan. Material representations include, but are not limited to, representations wer's occupancy of the Property as Borrower's principal residence. Borrower(s) Initials WN 83"