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200903171 work baa been completed to Lender's SatlSfactlOll, provided that such lmpcctioll sball ~ \lIIdmtIIkcll prolDpt\y. LelIder may dishUl'lle pnx:eeds fur the repairs llDd re.rtoratioll mil single payment or in a series of progress payments as the work ill completed. UII1~ an agrccmcllt Is made ill wrilillg or Applicablo Law requires ilItarest to be paid OIl such insUIIllIee proceeds, Lellder sha1lwt be reQlliIed to pay Borrower any interest or eamIlIgs Oil such proceeds. FeelI for public: adjusters, or other third partiel, retained by Borrower IIha1lllOt be paid out of the insurance proceeds IllId shall be the IIOIIl obligation of Borrower. If the reatoratiOll or repair is not cwnowlcaUy feasible or Lender's IIIlCIlrity would be lessClllld, the insurance proceecll shall be applied to the SUDl$ secured by this Security Inatrwncut, whclhcr or wt then due, with the el:cess, if 1llIY, paid to Borrower. Such insuranl:e proceeds sball be applied in the order provided for in Section 2. If Borrower abandons the Property, Lender may file, negotiate IllId aeule IIlIY available insurance clalm IllId related IIIlIttcr1I. If Borrower does not respond withill 30 days to a notice from Lender that the insutanl:e carrier hall offeted to settle a claim, then Lender may negotiate and aeule the claim. Tho 3o-day period will begin when the notice is Kiven. In either Ilvont, or if Lender acquires the Property under SectIon 22 or otherwise, Borrower hereby assigns to Lender (II) BoIrOWCl's righlB to any insurance proceeds In an IIII1llUllt not to exceed the lllllOWlts uupald under the Note or this Security Instrument, and (b) any other of Borrower's rightB (other than the right to any refuml of unearned premiums paid by Borrower) under all insurance policies covering the Property, insofar as such rights are llpplicable to the coverage of the Property. Lender may use the insureuce proceeds Dither to repeir or restore the Property or to pay amounts unpaid under the Note or this Security Instrum6nt, whether or not then dUll. 6. Oct:uplUlcy, Borrower sball occupy, establish, and WIll the Property as BOIl'Ower's priDcipal residenoe withill 60 days after the Ilxecution of this Security Instrument IllId sball continue to occupy the Property as Borrower's principalmidonce for at IlllISt one year after the date of occupancy, unlell Lender otherwise IlifCeI in writinJ, which consent shall not be unreasonably withheld, or unleu extemlll!ing circumstances exist which are beyond Borrower's control. 7. l'tl!llerVatlon, Malntepanc:e md Pmteetlon of the Propertyj IupedlOllli. Borrower sball not desttoy, damaill or impair the Property, allow the Propl:rty to c.\eterionite or commit WlIIIte On the Property. Whether or not Borrower is residing in the Property, Borrower sball IDllintain the Property ill order to prevent the Property frmn deterioratlni or decreasing in value due to its lXlndition. Ullless it is determined pursuant to Section 5 that repair or restoration is not economically feasible, Borrowor shall promptly repair the Property If ~ to avoid. further deterioration or damage. If insurance or condomnation proceeds are paid in connection with damage to, or the taJdn&; of, the Property, Borrower shall be responsible for repairing or restoring the Property oll1y If Lender has released proceeds for such pIllpO&eS. Lender may disbUl'lla proceeds for the repeirs and restoration in a silIgIIl pll)'ment or in a series of progress paymcots as the work is completed. If the insUIance or condemnation proceeda are not sufficlllllt to repair or restore the Properly, Borrower is not relieved of Borrowor's obligation for the COlllPlelion of such repair or restoration. Lender or ilB agent may make reasonable ontries upon. and inspections of the Property. If it hall reasonable cause, Lender may inspect the interior of the improvements on the Proporty. Lender shall &lve Borrower notice at the time of or prior to such an interior Inspection spedfylng such reasonable cause. 8. Borrower's Loan AppltClltlon. Borrower shall be in default if, during the Loan application process, Borrower or IIlIY pet80l\S or entities acting at thll direction of Borrower or with Borrower's knowledge or consent gave IIW.terlelly false, misleading, or inacCUIlltCl lnfonnation or statemenlB to Lender (or failed to provida Lender with material information) in COnncctiOll with the Loan. Material representations inIllude. but are not limited to, representations concerning Borrower's occupancy of the Properly as Borrower's principal residence. 8016730387 8016730387 NEBRASKA - SIngle FemUy . Fannie Me8/Ff8ddle .. UNIFORM INSTRUMENT .k^ () \1Il-aINEl108"1 P...70'18 _,~-.:' Form3028 1/01