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2oa.oo544~ work has been completed to I.,elider's satisfaction, provided that such inspection shall be undertaken promptly. I.,erlder relay disburse proceeds Coz the repairs and rustoratioTl ire a single payment (yr in a series of progress paynrerlts as the work is completed. [ lrrless an agreement is aTrade in writing or Applicable; I,aw requires interest co he paid ore sucll irlsurancc proceeds, I.e;ndcr shall not be required to pay Borrower any interest or earrlings on sucll proceeds. I~ccs for public adjusters, or other third parties, retained by I3orrower sYlall not he paid out of the insurance; proceeds and shall he the sole obligation of Borrower. If the restoration or repair is not economically feasible or I.,endcr's security would be lessened, the insurance proceeds shall be applied to khe sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such insurance proceeds shall he applied Yn 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 3() days to a nokice from Lender that the insurance carrier has offered to settle a claim, then I.,cnder may ncgatialc and settle the claim. The 30-day period will begin wYlerl the 1'lotice is given. In eitller event, or if I,csndcr acquires the Property under Section 22 or otherwise, Borrower hereby assigns to I..cndcr (a) Borrower's rights to any insurance proceeds i1T err amount nok to exceed the amounts unpaid urldur the Not(: or tYlis Security Instrument, and (h) any otYler of Borrower's rights (other than the right to any refund of unearned premiums paid by I3orrower) under all insurance policies covering Che Property, insofar as sucll rights are applicable to the coverage of tYle Property. Lender may use the insurance proceeds either la repair or restore the Property or to pay amounts unpaid under the Note or this Security Instrument, whether or not tYlen due. 6. Occupancy. Borrower shall occupy, establish, and use fete Property as Borrower's principal residence within 6U days after the execution of this Security Instnlmerlt anel shall continue to occupy the :Property as Borrower's principal residence: for at least one yc;ar after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not he unrcasonahly witlilield, or unless extenuating circumstances exist which arc hcyorld 13orrowur's couLrol. 7. Preservation, Maintenrlncc grad Protection oY' the Property; lnslrections. Borrower shall not destroy, damage ar impair the Property, allow the Property to deteri(arate or commit waste on the Property. Whether or not I3orrower is residrrrgrn tYle Property, Borrower shall maintain tklc Property in order to prevent ttrc Property frolrl deteriorating or decreasing ire value due to its condition. Unless it is determined pursuant to Section 5 tYlat repair or restoratiolz is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or CC1I1demT1at10T1 proceeds are pall ire COIll'lectlOrl Wlth dalllage t0, or the taking of, the Properly, Borrower shall be responsible !'or repairing or restoring the Property Drily if Lender has released proceeds for such purp('>ses. Lender may disburse proceeds 1'or the repairs and restoration il'1 a single payment or in a series of progress paynicnts as the work is completed. If the insurance or condelnrlation proceeds are not sufficient to repair or restore the Property, Borrower is not relieved of Borrower's obligation for the completion of such repair or restoration. Lender or its agent toes make rcaulnahlc entries upon and inspections of the Property. If it has rcasonahlc cause, I..ender may inspect the interior of the inrprovemelits orr the Property. Lender shall give 13(~rrowcr naticc at the tiro(: of or prior to such an interiorrnspection specifying such reasonable cause. $. Borrower's Loan AppYication. Borrower shall be in default if, during the I..oan application process, Borrower ar any persons nr entities acting at the direction oi' Borrower or with Borrower's knowledge or coTlsent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender witYl material information) in connection with the: Loan. Material representations include, but are not limited tea, representations concerning Borrowrr's occupancy of tl1C Property as Borrower's principal residence. NEBRASKA Single 1=amity Fannie MaslFreddi® Mac UNIFK~RIVI INSTRUMENT ~~ -61NE) poet i I Page ~ or i 5 ~nltla~s ~ Form 3028 1/09