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200904084 work has been completed to Lender's salisfac:tion, provided that such inspection shall be undertaken promptyy. Lender tray disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments a<a the work is completed. Unless an agreement is rnade in writing nr Applicable law rcyuires interest m be paid on such insurance procertls, Lender shall rttri be required to pay 9urrower any interest or earnings on such proceeds. Fees for public adjusters, or other third parries, retained by Borrower shall not be paid out of the insunutce proceeds and shat] be Ure sole obligation of Borrower. If the restoration ire repair is not economically feasible nr Lender's security would be lessened, the insurance proceeds shall be applied to the sums secured by this See:urity lnshttrrteut, wheUter or not then due, with the excess, if any, paid to Borrower. Such insur•,tnce proceeds shall be applied in the order provided for in Section 2. if Burrower abandons the Prc>pCrty, Lender may file, negotiate and settle any available insurance claim and reht[ed manors. if Bormwer does not respond within 30 days to a notice from lender that the insuranct: carrier has offered ro senle a claim, Ihen Lender may rtegodate and settle the claim. 'Rte 30-day period will begin when the notice: is given. In either event, or if Lender acquires the Property under Section 22 nr otherwise, Bottower hereby assigns to Ixatder (a) 13arrower's rights to any insurance proceeds in an amount not w ext:eed the amounts unpaid under the Note or this Sceurity Insvument, and (b) any other of Borrower's rights (other than the right to any refund of unearned premiums paid by Borrower) under all insnrancc politics covering the Property, insofar as such rights are applicable m the coverage of the Property. lender may use the insttrartce proceeds either to repair or restore Ute Property ur w pay amounts unpaid undea the Note or this Security Instrument, whether ar oat dten due. 6.Occupaaey. Borrower shall occupy, establish, and use the Property as Borrower's prinripal residence within 60 days after the execution of this Stx:urity Insnttnteut and shall continue to occupy the Property as Borrower's principal residence far az least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall rwt be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Propeiiy; Inspections. Borrower shall not destroy, damage or impair the Property, allow the Property m deteriorate or commit waste on the Property. Whether or not Borrower is residing in the Property, Borrower shall maintain the Property in order to prevent the Propexty from deteriorating or decreasing in value due to its condition. [Tolosa it is determined pursuant w Section 5 that repair or restoration is nut economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deleriorarion or damage. if insurance or condemnation proceeds are paid in connection with damage to, or the taking of, the Property, Burrower stroll be responsible For repairing or restoring dtc Properly only if Lender has released proceeds for such purposes. L.ertder may disburse proceeds for the repairs and eestorarinn in a single payment or in a series of progress payments as [he work is completed. If the ucsurance or condemnation proceeds are not sufficient ro repair or reswte the Property, Borrower is nut relieved of Borrower's obligation far the completion of such rr;pair 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 Burrower notice al the time of or prior to such an interior inspection specifying such reasonable cause. 8. Borrower's Loan Application. Borrower shall be in default if, during Ute I<tar- application process, BOTTOWt'.r or any persons or entities acting at the direc:tiun of Borrower or wilt Borrower's knowl~ge or consent gave materially false, mislesrding, or inaccurate inforrnaUon rx statements to Lender (or failcrl to provide Lender with material information) in connection widt the Loan. Material representations include, but are not limited to, represexttatians t:unceming Borrower's occupaney of the Property as Borrower's principal residence. NEBflABKA • Single Femliy -Fannie Mae/Frsddi~ M>ko UMIFgNM (NS'rHUME t~-tl(NE) i08tti Page7oi is Inulal • 28 1101