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20090447 work has been cornplelcd to Lcndcr's satisfaction, provided that such inspection shall he midertaken promptly. Lcnclcr may clishursc. 1lrocccds tier the repairs and restoration in a single payment or in a series of progress payments as the work is corni~leted. L.Jnless an agreement is made in writing or Applicable Law requires int~resl to he Iraicl orr such insc.uance proceeds, Lender shall not he required to pay Borrower any interest. of earnir.~gs ot.~ srrcl.l proceeds. hoes for public adjusters, or other third parties, retained by $orrower shall not. he paid cut of the insurance proceeds and shall be the sole obligation of Borrower. If the restoration or repair is not a:onomically feasible or Lender's security would be lessened, the insurance proceeds shall. he applied In the sums secu.rcd by this Security Instrument, whether or not then due, with the excess, il';my, pa.icl t., Eorrower. ~c,rch insurance proceeds shall be applied in the order provided for in Section 2- If l3orrowcr ahanc.lonti t:he i'roperl.y, Lender may file, negotiate and settle any available insurance claim and related matters- I f 13orrowcr does n.ot respond within 30 days to a notice from Lender that the insurance carrier has ol'1'crccl io ticl.tlc a claim, then Lender may negotiate and settle the claim- The 30-day period will begin whar the nrrticc is given- In either event, of if Lender acquires the Property under Section 22 or otherwise, 13urrowcr Ircrchy assigns f:o Lender (a) Borrower's rights to any insurance proceeds in an ,rrnount nol fr. exceed the amounts unpaid under the Note of this Security Instrument, and (h) any other of 13or•rowcr•'s r•ik-Iris (rrlher tl.ran 1.he tight to any rehmd of unearned premiums paid by Borrower) antler all insur•,urcc Ixrlicicti covering Lhe Property, insofar as such rights are applicable to the coverage of the Prolrcr•ty. Lcnclcr arty nse the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the Nolc or this Security Instrr~menl, whether or not then due- 6. Occup;racy. L3orr•owcr shall occupy, establish, and use the Property as Borrower's principal residence willlin G() days abler the execution of this Sectrity Insirtunent and shall continue to occupy the Property us Borrower's principal re:sieicnce for at (cast one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall oat be mu'easonably withheld, or unless extenuating citcuinslances exist which are hcvond Corrower's control. 7. Prescrvation, M;rintcrurncu and Protection of the Property; Inspections. Borrower shall not destroy, dama~!e. or imllair• the: 1'r•olrcrty, a1.1ow the Properly to deteriorate or commit waste on the Property. Whether or ru~1 Borrower is residing in the Property, Borrower shall maintain the Property in order to prevent the Properly Ii•nm cleleriorating or decreasing in value due to its condition. Unless it is deiennined pursuant. Ln Section ~ Ihat repair or restoration is not economically feasible, Borrower shall promptly repair the 1'ropc;rly if' damaged to avoid fiu-ther deterioration or damage- If insurance or candemnal.ion procceels :r re paici in conncctiai with damage to, or the taking of, the Property, Borrower shall be tesporlsihle tin- repairing cn• restoring the Property only if Lender has released proceeds for such purposes- Lender uray clitihurse proceeds lirr the repairs and restoration in a single payment or in a series of progress payu,cnt.s as tlrc ~,~rork is cumpleled. If the insurance or condemnation proceeds ate not sufficient io repair or restore Ihe. Propcr•ty, Borrower is not relieved of Borrower's obligation for the completion of such repair or resloralion. Lender or its agent may nurkc reasonable entries upon and inspections of the Property- If it has reasonable cause, Lender mo-ry inspect the interior of the improvements on the Property. Lender shall give Borrower notice al the linrc of or prior fn such an interior inspection specifying such reasonable cause. $. l3nrruwer's I,n:ur ApplicaNrrn. BOrrOWl:r shall he in default if, during the Loan application process, BOrr(llver or .cry persons or entities acting at the direction of Borrower or with Borrower's luiowledge or• arnscnt gave uraicri..rlly false, misleading, or inaccurate information or statements to Lender (or failed to Iirovide Larder with mal.erial information) in connection with the Loan. Material reptesent.alions inclr.uie, but arc not limited to, representations concerning Borrower's occupancy of the Properly as 13orrowa•'s principal residence. NEBRASKA- Single Family -Fannie MaelFreddie Mac UNIFORM INSTRUMENT -6(NE) pia11) Page 7 of 15 i~~r~sis: Form 308 1101