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20090603'7 work has been completed t0 Lender's satisfaction, provided that such impaction shall be undertaken promptly. Lender may disburse proceeds for the repairs aril restoration in a single payment or in a series of progress payments as the work is completed. Unless an agreement is made in writing or Applicable iaaw requires interest to be paid on such insurance proceeds, Lender shall not be inquired to pay Borrower any interest or earnings on such proceeds. Fees for public atuusters, or other third parties, retained by Borrower shall not be paid out of the ir>surarxe proceeds and shall be the sole obligation of Borrower. If the restoration or repair is not economically feasible or Lender's security would be lessened, the irrsur~arace proceeds shall be applied to the sums secured by this Security h~5lnunent, whether or Trot then due, with the 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 may tile, 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 claim, then Lender may negotiate and settle the claim The 30-day period will begin when the notice is given. In either evert, or if Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to [.ender (a) Borrower's rights to any insuranre proceeds in an amount not to exceed the amounts unpaid under the Note or this Security Instrument, and (b) arty other of Borrower's rights (other bran the right to any refund of unearned premiurr>s paid by Borrower) under all irt5ur~luM'c policies covering the 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 in pay amounts unpaid under the Notc or this Security ln5trumenl, 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 IeaSt one year after the dale of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating cineurnstances exist which are beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, darrralge or impair the Property, allow the Property to deteriorate or comnrit waste on the Property. WheWer or not Borrower is residing in the Property, Borrower shall maintain the Property in order to prevent dre Property from deteriorating or decreasing in value due to itrt condition. Unless it is determined pursuant to Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Property it damaged to avoid further deterioration or damage. If inSUrarrce or condemnation proceeds are paid in connection with damage to, or tiae taking of, the Property, Borrower shall be responsible for repairing or restoring We Property only if Lender has released proceeds for such purposes. 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. If the insurance or condemnation proceeds are not sufficient to repair or restore the Property, Borrower is not relieved of Bomower's obligation for the completion of such repair or restoration I.erxler or its agerrt may make reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender may inspect the interior of the improvemenks on the Property. Lender shall give Borrower notice at 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 the Loan application process, Borrower or any persons or entities acting at the direction of Borrower or with Borrower's knowledge or consent gave materially t'alse, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material information) in connection with the Loan Material representations include, but are rx-t limited to, representations wncerning Borrower's occupancy of the Property ati &arr+ower's principal residence. ~~' r ortgage 3.2.23.04 V5 NEBRASKA -Single Fatuity - Fannie Mae/Freddle Mee UNIFORM INSTRUMENT -6(Nq (oath Faye ~ w is ides: Form 3028 1/D1