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200903905 work has been completed to Lender's satisfaction, provided that such inspection shall he undertaken protxrptly. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. Unless am agreement is made in writing or Applicable Law requires itterest to be paid on such insurance proceeds, Lender shall not he required to pay Borrower any interest or earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Borrower shall trot be paid out of the insurance proceeds and shall he the sole obligation of Borrower. If the restoration or repair is not economically feasible or Lender's security would he lessened, the insurance proceeds shall be applied to the sums secured by this Security lrastruraaent, whedaer or not then due, with tlxe excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the order provided for in Section 2. if Borrower abandons the Property, Lender naay file, negotiate and settle any available insurance claim and related matters. If Borrower does not respond within 30 days to a notice from Lender that the insurance carrier has offered to settle a claitax, then Lender may negotiate and settle the claim. The 30-day period will begin when the notice is givers. ltr either event, or if Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount not to exceed flue amounts unpaid under the Note or this Security Instrumett, and (b) any other of Borrower's rights (other than the right to any retulad of unearned premiums paid by Borrower) under all insur~uice policies covering flue Property, insofar as such rights are applicable to the coverage of the Property. Lender may use the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under die Note or this Security instrutnetit, whether or not then due. 6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within 60 days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower's principal residence for at least one year after the date of occupancy, unless Lender odrerwise agrees in writing, which consent shall not be ur>reasor>ably withheld, or unless extenuating circumstances exist w.kriclr are beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or impair the Property, allow the Property to deteriorate or commit waste on due Property. Whether or not Borrower is residing in the Property, Borrower strall maintain the Property in order to prevent the Property from deteriorating or decreasing itt value due to its condition. Uriless it is determined pursuant to Section 5 that repair or restoration is trot economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in cotmection with damage to, or the taking of, the Property, Borrower shall be responsible for repairing or restoring the Property only if Lezrder has released proceeds for such purposes. Lender may disburse proceeds for the repairs acrd restoration in a single payment or in a series of progress payments as the work is completed. If the insurance or condemnation proceeds are not sufficient to repair or restore the Property, Borrower is not relieved of Borrower's obligation for the completion of such repair or restoration. Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender shall give Borrower notice at flue time of or prior to such an interior inspection specifying such reasonable cause. S. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, Borrower or any persons or entities acting at flue direction of Borrower or with Borrower's knowledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with txraterial information) in commpction with the Loan. Material representations include, but are not limited to, representations concerning Borrower's occupancy of the Property as Borrower's principal residence. NEBRASKA -Single Family -Fannie MaelFreddie Mac UNIFORM INSTRUMENT -61NE) ~oa11~ Page 7 of 15 i~~c~ai3F Form 3028 9/01