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2010©0521 work has been completed to Lender's satisfaction, provided that such inspection shall be urxlertaken 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 in writing or Applicable Law requires interest fn be gaud on such insurance proceeds, Lender shall not be required to pay Borrower any interest or earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Borrower shall not be paid out of the insruarrce proceeds and shall be the sole obligation of Borrower. ff the restoration or repair is not ecommically feasible or Lender's security would be lessened, the insunurce proceeds shall be applied b the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the ogler provided for in Section 2. If Borrower abandons the Property, Lender may file, negotiate and settle any available insurance claim and related matters. V Borrower does not respond within 30 days to a notice from Lender that the insuruce 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 evenA~, or if Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights tQ any insurance proceeds in an amount not to exceed the amounts unpaid under the Note or this Security ]instrument, and (b) any other of &~rnowe~'s rights (other than the right to any refund of unearned premiums paid by Borrower) under all insurance policies covering the Property, insofar as such rights are applicable to the coverage of the Property. Lerxler nray use the insurance proceeds either m repair or restore the Property or io pay amounts unpaid under the Note or this Security Instrument, whether or not then due. 6. Occupancy. &~rmwer shall occupy, establish, and use the Property as Borrower's principal residence within 60 days after the execution of this Security Irasiirurrent and shall continue to occupy 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 unreasonably withheld, or unless extenuating cir~crunstances exist which are beyond Bomower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or impair the Property, allow the Property io deteriorate or commit waste on the Property. Whether or Trot Borrower is residing in the Property, Borrower shall maintain the Property in orxler to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that repair or restoration i~s not economically feasible, Borrower shall promptly repair We Property if damaged to avoid further deterioration or damage. if insurance or condemnation proceeds are paid in connection wiW damage to, or the taking of, the Property, Borrower shall be responsible for repairir>€; or restoring the Property only if Leader has released proceeds for such purposes. Lender may disburse proceeds for the repairs and restoration in a single paymerrt or in a series of progress payrnerrts as tire work is completed. If the insurance or condemnation proceeds are not sufficient to repair or restore the Property, Borrower is not relieved of Borrower's obligation for We completion of such repair or restoration i.,errder or i~ agent may make reasonable entries upon and inspections of the Property. if it has reasonable cause, Lerxler may inspect the interior of the improvements 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 Bon~ower or with Borrower's knowledge or consent gave materially false, misleading, or inaccurate information or statements m Leader (ar failed to provide Lender with material information) in connection with the Loan. Material representations include, but are not limited to, representations concerning Borrower's occupancy of the Properly as Bon~ower's principal residence. 00112]095467 itiMortgag 2. 9.66 V3 NEBRASKA -Single Family -Fannie Mae/Freddie Mac UNIFORM INSTRUMENT WITH ~~ -BA(NE~ (oaio) Pegs 7 of 15 ~rrtials: l Farm 3028 1101