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<br />the work is completed, depending on the size of the repair or restoration, the terms of the repair agreement, and
<br />whether Borrower is in Default on the Loan. Lender may make such disbursements directly to Borrower, to the person
<br />repairing or restoring the Property, or payable jointly to both. Lender will not be required to pay Borrower any interest
<br />or earnings on such insurance proceeds unless Lender and Borrower agree in writing or Applicable Law requires
<br />otherwise. Fees for public adjusters, or other third parties, retained by Borrower will not be paid out of the insurance
<br />proceeds and will be the sole obligation of Borrower.
<br />If Lender deems the restoration or repair not to be economically feasible or Lender's security would be lessened
<br />by such restoration or repair, the insurance proceeds will be applied to the sums secured by this Security Instrument,
<br />whether or not then due, with the excess, if any, paid to Borrower. Such insurance proceeds will be applied in the order
<br />that Partial Payments are applied in Section 2(b).
<br />(e) Insurance Settlements; Assignment of Proceeds. If Borrower abandons the Property, Lender may file,
<br />negotiate, and settle any available insurance claim and related matters. If Borrower does not respond within 30 days to
<br />a notice from Lender that the insurance carrier has offered to settle a claim, then Lender may negotiate and settle the
<br />claim. The 30 -day period will begin when the notice is given. In either event, or if Lender acquires the Property under
<br />Section 26 or otherwise, Borrower is unconditionally assigning to Lender (i) Borrower's rights to any insurance
<br />proceeds in an amount not to exceed the amounts unpaid under the Note and this Security Instrument, and (ii) any other
<br />of Borrower's rights (other than the right to any refund of unearned premiums paid by Borrower) under all insurance
<br />policies covering the Property, to the extent that such rights are applicable to the coverage of the Property. If Lender
<br />files, negotiates, or settles a claim, Borrower agrees that any insurance proceeds may be made payable directly to
<br />Lender without the need to include Borrower as an additional loss payee. Lender may use the insurance proceeds
<br />either to repair or restore the Property (as provided in Section 5(d)) or to pay amounts unpaid under the Note or this
<br />Security Instrument, whether or not then due.
<br />6. Occupancy. Borrower must occupy, establish, and use the Property as Borrower's principal residence within
<br />60 days after the execution of this Security Instrument and must continue to occupy the Property as Borrower's
<br />principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which
<br />consent will not be unreasonably withheld, or unless extenuating circumstances exist that are beyond Borrower's
<br />control.
<br />7. Preservation, Maintenance, and Protection of the Property; Inspections. Borrower will not destroy,
<br />damage, or impair the Property, allow the Property to deteriorate, or commit waste on the Property. Whether or not
<br />Borrower is residing in the Property, Borrower must maintain the Property in order to prevent the Property from
<br />deteriorating or decreasing in value due to its condition. Unless Lender determines pursuant to Section 5 that repair or
<br />restoration is not economically feasible, Borrower will promptly repair the Property if damaged to avoid further
<br />deterioration or damage.
<br />If insurance or condemnation proceeds are paid to Lender in connection with damage to, or the taking of, the
<br />Property, Borrower will be responsible for repairing or restoring the Property only if Lender has released proceeds for
<br />such purposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of
<br />progress payments as the work is completed, depending on the size of the repair or restoration, the terms of the repair
<br />agreement, and whether Borrower is in Default on the Loan. Lender may make such disbursements directly to
<br />Borrower, to the person repairing or restoring the Property, or payable jointly to both. If the insurance or
<br />condemnation proceeds are not sufficient to repair or restore the Property, Borrower remains obligated to complete
<br />such repair or restoration.
<br />Lender may make reasonable entries upon and inspections of the Property. If Lender has reasonable cause,
<br />Lender may inspect the interior of the improvements on the Property. Lender will give Borrower notice at the time of
<br />or prior to such an interior inspection specifying such reasonable cause.
<br />NEBRASKA -Single Family -Fannie Mae/Freddie Mac UNIFORM INSTRUMENT (MERS) Form 3028 07/2021
<br />Page 8 of 18
<br />IDS, Inc. - 93193 Borrower(s) Initials 'C KMZ
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