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201000781 work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse proceeds £nr 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 to be paid an 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 insurance proceeds and shall be tl?e sole obligation of Borrower. If the restoration or repair is oat economically feasible ax Lender's security would be lessened, the insurance proceeds shall be applied to the sums secured by this Security lnstxument, whether ar trot then due, with the excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the order provided fvr in Section 2, If Borrower abandons the Pt•opexty, Under may file, negotiate and settle any available insurance claim and related matters. If Harrower 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 event, or if Lender acquires the 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 Nate ar this Security Instrument, and (b) any other of Borrower's rights (othex than the right tv any refund of unearned pxetniums paid by Borrower) under alI insurance policies caveritzg the Property, insofar as such rights are applicable to the coverage of the Property. Lender rn,ay use the insurance ptaceeds either to repair or restore the Property or to pay amounts unpaid under the Nate or this Security instrument, whether or not that due. 6. occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within 6Q days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower's principal residence for at least one year after the date of occupancy, witless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, nr unless extenuating circumstances exist which are beyond Borrower's control. 7. Preservsttion, Maintenance and Protection of the Property; Inspections. Harrower shall not destroy, damage ar impair the Property, allow the Property to deteriorate ar commit waste on the Property. Whether ax not Borrower is residing in the Property, Borrower shall maintain the Property in order 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 s1aall promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in connection with damage to, ar the taking af, the Property, Harrower shall be responsible for repairing ar restoring the Property only if Lender has released proceeds for such purposes. Lender may disbwrse proceeds far the repairs and restoration in a single payment ax in a series of progress payments as th<~ work is completed. If the insurance or condemnation proceeds are not sufficient to repair nr restore the Property, Borrower is not relieved of Harrawer'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 improvements on the Property. Lender shall give Harrower native at the tiAite of or prior to such an interior inspection specifying such reasonable cause. 8. Borrower's Lnan Application. Harrower shall be in default if, during the Loan application process, Borrower or any persons ar entities acting at the direction of Barrawer 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 oat limited to, representations concerning Borrower's occupancy of the Property as Boxrower's principal residence. NEBRASKA -Single Family -Fannie MaalFreddie Mac UNIFQRM INSTRUMENT -6(NE) laRtil Page7of 16 iniiinis~ ~ Portr13p28 1/U1