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200907299 work has peen completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. 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 an agreement is made to writing ox Applicable Law requires Interest tv be paid on such insurance proceeds, Lender shall not be required tv pay Boxrower any interest ox earnings on such proceeds. Fees for public adJusters, or other third parties, retained by Borrower shall not be paid out of the insurance proceeds and shall be the sole obligation of Borrower. If the restoration or repair is not economically feasible or Lender`s security would be tessened, the insurance proceeds shall be applied to the sums secured by this Secur;ty Instrument, whether yr not 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 file, negotiate and settle any available insurance claim and related matters. If Borrower does not respond within 3Q 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 event, ar if Lender acquires the Property under Section Z~ or otherwise, Borrower hereby assigns to Lender {a) Borrower's rights to any insurance proceeds in an amount not tv exceed the amounts unpaid under the Note or this Security Instrument, and (b) any Dther Of $nrrower'S rights (other than the right to any refund of unearned premiums paid by Borrowex) undex all insurance policies covering the Property, insofar as such rights are applicable to We coverage of the Property. Lender may use the insurance proceeds either to repair or restore the Property ox to pay amounts unpaid under the Nate or this Security Instrument, whether ox not then due. 6. t7ocupanay. Borrower shah 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 gccupy the Property as Borrower's principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unxeasanably withheld, ax unless extenuating circumstances exist which are beyond Borrower's control. 7. Presc+rvat-on, Maintenance and Protection of the Property; Inapevtions. Borrower shall not destroy, damage or Impair the Property, allow the Property to deteriorate or commit waste an the Property. Whether or not Borrower is residing in the Property, $orrower shall maintain the Property in order tv prevent the Property from deteriorating nr decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further detertaradon or damage. If insurance or condemnation proceeds are paid in connection with damage to, or the taking of, the Property, Burrower shall be responsible for repairing ar restoring the Property only if Lender has released proceeds far such purposes. Lender may disburse proceeds fox the repairs and restgration in a single payment qr irn a series of progress payments as the work is completed. If the insurance or condemnation proceeds are not sufficient to repair yr restore the Prgpexty, Borrower is not relieved of Bormwer'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 imprgvements on the Property. Lender shall give Borxwer notice at the time of ar prior to such an interior inspection specifying such raasnnable cause. 8. Borrower's Loan Application. Borrgwer shalt 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 ar consent gave materially false, misleading, or inaccurate infgrmation or statements to Lender (vr failed to provide Lender with material information) in connectign with the Loan. Material representations include, but are not limited to, representations concerning Borrower's occupancy of the Property as Borrower`s principal residence. 0l)1120d9923t) C110112019923t1] NEBRASKA -Single family -Fannie MaelFreddfA Mao LJNIFQRNI INSTRUMl3+IT WITH M -8A(NE} loaiol Vage 7 of 75 in~ai~ r~,,,,~- Form 3028 1/01