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24U9U9447 work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender tray disburse proceeds for the repairs and restoration in a single payment: or in a series of progress payments as the work is completul. Unless an agreement is made in writing or ,Applicable I.aw reyuire;s interest to be paid on such insurance proceeds, Lender shall not be required to pay Harrower any interest ar earnings on such. proteeds. 1~ees 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 Horrower. If elte restoration o.r repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be applied to the sums secured by this Secm•ity Instrument, whether or 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 hle, negotiate and settle any available insurance claim and ,related matters. If Bo.rrowcr does not respond within 30 days to a notice from Lender that the insurance carrier has offered to settle a claim, then Lender tnay negotiate and settle the claim. The 30-day period will begin when the notice is given. In either event, or if Lender acquires the Property under Scx:tion 22 or otherwise, Borrower hereby assigns to Lender (a) .Borrowc~'s rights to any insurance proceeds in an amount not to exceed the amounts unpaid under the Note or this Security Instrument, and (b) any other of Horrower' s rights (other than the right to any refund of une<tt•ned premiums paid by .Borrower) under all insurance 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 to pay amounts unpaid under the Note ar this Security Instrument, whether or not then due. 6. Occupancy. Harrower shall occupy, establish, and use the Property as Horrower's principal residence within 6() days after the execution of this Security lnstrument and shall continue to occupy the Property a5 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 unreasonably withheld, or unless extenuating circumstances exist. which are beyond Horrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Harrower shall not destroy, damage or impair the Property, allow the Property to deteriorate or cotaztn.it waste on the Property. Whether or not Borrower is residing in the Property, Harrower shall maintain the Propet ty .in order to prevent the .Property from deteriorating o,r decreasing in value due to its condition. Unless it is determined pursuant to Scxrtion 5 that repair or restoration is not economically feasible, Harrower shall. promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in connection with damage to, or the taking of, the Property, Borrower shall be .responsible for .repai.ring or restoring the .Prope;.rty 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 Horrowcr's obligation for the completion of such repair or .restoration. .Lender or its agent may make reasonable entries upon and inspc~tions of the Property. If it has reasonable cause, .Lender tray inspc;ct the interior of the improvements on the Property. Lender shall give Harrower notice at the time of or prior to such an .interior inspection spcx:ifying such reasonable cause. 8. .Bprrawer's Loan Application. Harrower shall be in default if, during the Loan application process, Harrower or any persons or entities acting at the direction of Borrower or with Hor.rower's knowledge or consent gave materially false, misleading, or inaccurate infortrtation or statements to Lender (or failed to provide Lender with material information) in connection with the Loan, Material representations include, but are not linuted to, representations concerning Borrower's occupancy of the Property as Borrower's principal residence. 8800745200 8800745200 NEBRASKA -Single Family -Fannie MaelFreddie Mac UNIFORM INSTRUMENT WITH MERS i~•bA(NE) iosiai Page 7 of 15 i,,;reis: Form 3028 1101 0