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2oiooosss 1876275692 to hold such insurance proceeds until bonder has had an opportunity to inspect such Property to ensure the work has been 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 ar in a series of progress payments as the work is completed. Unless an agreement is made in writing ar Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not be required to pay Borrower any interest ar earnings on such proceeds. Tees for public adjusters, 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 lessened, the insurance proceeds shall be applied to the sums secured by this Security Instrument, whether or not then duo, with tho oxcess, 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 30 days to a notice from Lender that the insurance carrier has offered to settle a claim, then Londor may negotiate and settle the claim. The 30-day period will begin when the notice is given. In either event, ar if Londor acquires tho Property under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid under the Note ar this Security Instrument, and (b) any other of Borrower's rights (other than the right to any refund of unearned premiums paid by Harrower) 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 Dither to repair or restore the Properly or to pay amounts unpaid under the Note or this Security Instrument, whether ar not thou due. 6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within C-a0 days after the execution of this Security Instrument and shall continuo to occupy the Property as Borrower's principal residenco far 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 circumstancos exist which are beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage ar impair the Property, allow the property to deteriorate or commit waste on tho Property. Whether or not Borrower is residing in the Property, Borrower shall maintain the Property in ardor to prevent the Property from deteriorating or decreasing in value due to its condition, Unless it is determined pursuant to Section 5 that repair ar restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration or damage. Tf insurance or condemnation proceeds are paid in connection with damage to, or the taking of, the Property, Borrower shall be responsiblo for repairing or restoring the Property only if Londor 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 tho Property, Borrower is not relieved of Borrower's obligation for the completion of such repair or restoration. Lender or its agent may make reasonable entries upon and inspections of tho Property. Tf it has reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender shall give Borrower notice at the time of ar prior to such an interior inspection specifying such reasonable cause. $. Borrower's Loan Application. Banrawer 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 false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material information) in connection with the Laan. Material representations include, but are not limited to, representations concerning Borrower's occupancy of the Property as Borrower's principal residence. NEBRASKA--Single Family-- Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 i/01 (page 7 of 16) First American Loan Production Scrvlces Firs[ American Raal Estate Solutions LLC FALPS# NEFM-7 Rev. OrUS-U8