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201002611 work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lerxfear mazy disburse proceeds far the repairs and restoration in a single payment orrn a series of progt~ess paym~erlts as tits 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 or earnings on such proceeds. Fees for public adjusters, or outer third parties, retained by Borrower shall not be paid out of the insurance praceedx and shall be the sole obligation of Borrower. If the restoration or repair is not economically feasible ar Lender's security would be lessened, the insurance proceeds shall be applied to the sums secured by this Security Instrument, whether ar not then due, with the excess, if any, paid to Borrower. Such insutarrce proceeds shall be applied in tbe older provided far in Section Z. 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 ir~trrance carrier has offered to settle a claim, then Lender may negotiate and settle the claim. The 3Q-day period will begin when the notice is given. In either event, or if Lender acquires the Property under Section 22 or atherwrse, Borrower hereby assigns to Lender (a) Borrower's rights W any insurance proceeds in an amount not to exceed the amounts unpaid under the Note or this Security Instnurtent, and (b) any other of Borrower's rights (other than the right to arty refund of unearned premiums paid by Harrower) under all insurance policies covering the Prooperty, insofar as such rights are applicable to the coverage of the Property. Lender may use the ittstrrartce proceeds either to repair or restore the Property or to pay amounts unpaid under the Note nr this Security Instrument, whether or not then due. 6. Ua~tpnncy. Borrower shall occupy, establish, and use the Pr~erty as Borrower's principal residence within 60 days after the execution of this Sectuity Instrument noel shall contint~ to occupy the Property as Borrower's principal residence fox az least one year afer the date of occupancy, unless Lender ntheruvise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower's cantroL 7. 1't~elwatlou, Maintenanrae and Prafi~Ction of tlue Pt~oparty; Inspections. Harrower shall oat destroy, damage or impair the Property, allow the Property to deteriorate or commit waste au the Property. Whether or not Hotrrawer is residing in the Property, Harrower shall maintain the Property in order to prevent the Property from deteriorating or decreasitrg in value due to its condition. Unless it is determined pursuant to Section 5 that repair or restoration is not ecormmically feasible, Borrower shall promptly repair tbe Property if damaged to avoid further deterioration or damage. If insut~r~e or condemnation proceeds are paid in connection with damage to, or the taking of, the Property, Harrower shall be responsible for repairing or restoring the Property only if Lender has released proceeds for such purposes. Lender may disburse proceeds far the repairs and restoration in a single payment or in a series of progress payments as the work is completed. If the insurance or condemrratian proceeds are not sufficient to repair ar restore the Property, Borrower is not relieved of Borrower's obligation for tote completion of such repair or reswration. 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 Borrower notice at the time of or prYOr to such an interior inspection specifying such reasonable cause. 8. Borrower's Loan Application, Horrower shall be in default if, during the Loan application process, Horrower or any persons or entities acting at the direction of Harrower 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 canr>ection with the Loan. Material representations irtclt~e, but are not limited to, presentations concerning Borrower's occupancy of the Property as Borrower's principal residence. ~t NEBRASKA -Single Family - Fannle MuelFeddfs Mnc UNItrORM INSTRUMENT WITH M S /,~ -BAINE--os~o- P,~e7of ~s -,„t;~:~~U1 Fprm 3p28 1/01 g07243456015 0433 355 0715