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201005570 work has been completed to Lender's satisfaction, provided that suet] inspection shall be undertaken prumplly. Lerlder clay disburse proceeds fur the repairs and restoration in a single payment or in a series of prof;ress paytncnts as the work is carnplctcd. Unless an agreement is made in writing or Applicable Law requires interest to he paid on such insurance proceeds, Lender shall not he rcyuired Ca pay Borrower any interest or earnings on such procccds. Fccs for public adjusters, or older third. parties, retained by Borrower shall not be paid out. of the insurance procccds and s17a11 be the sole obligation of Borrower. if the restoration or repair is nut economically feasible or Lender's security would be lessened, the insurance procccds shall he applied to the sums secured by this Security lnslrument, whether or not then due, with the excess, if any, paid to 1orrower. Such insurance procccds 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 dots not respond withir7 30 days to a notice from lender LI7al tl7e insurance carrier has offered to settle a claim, then Lender may negotiate and settle tl7e claim. 1•f~c 30-day period will begin when the notice is given. ]rl either event, ur if Lender acquires the Properly under Section 22 or otherwise, Borrower hereby assigns to L,cndcr (a) Borrower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid under tl7e Note or this Security lttstrurnerll, and (b) any ulllcr of Borrower's rigtlls (other than the right to any refw7d of unearned premiums paid by Borrower) under all insurance policies covering [hc Prupcrly, insofar as such rights arc applicable to tl7c coverage of the Properly. Lender may use the 'insurance proceeds either to repair or restore the Properly or to pay amounts unpaid under the Nolc or this Security Instrument, whether ur not then due. G. Occupancy. Harrower shall occupy, establish, and use the Properly as Hurrawcr's principal residence within 60 days after the execution of this Security lnslrumenC and shall continue to occupy [tlc Property as Borrower's principal residence for at least one year after the dote of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or uriless extenuatil7g circumstances exist which are beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspcctians. Borrower s17a11 nut destroy, damage or impair the Property, allow the Properly to deteriorate or canlnit waste on the Property. Whether or not Borrower is residing in ll7c Prupcrly, Ban-uwcr shall lnall7l~i117 ll7e Property irr order to prevent the Prupcrly from deteriorating or dccrettsing in value due to its condition. tJnlcss it is determined pursuant to Section 5 that repair or restoration is not economically feasible, Borrower shall prumplly repair the Property if damaged to avoid further deterioration or damage. ll' insurance or culldeuu7alion proceeds are paid in connectia7 with damage to, or tllc taking of, llle 1'ruperly, Borrower shall be responsible for repairing ur restoring the Property only if I,cnder has released procccds for such purposes. Lcrldcr rr7ay disburse procccds fur the repairs and restoration in a single paytrlct7t or in a series of progress payments as the work is completed. If the insurance or condemnation pruceods arc nut sufficient. to repair or restore the 1'ruperly, Borrower is not relieved of Borrower's uhligatian for the completion of such repair or restoration. Lender or its agent may make reasonable entries upon and inspections of the Property. If it I7as reasonable cause, Lender tnay inspect the interior of the improvements on the Property. Lender shall give Borrower notice at the lime of or prior to such an interior inspection specifying!, suet] rcasanahlc cause. K. Horrower's I,aart Application. Burrower shall he in default il', durinb the I.oau application process, Borrower or any persons or ct7titics acting al the direGion of Borrower or with Borrower's knowledge ur consent gave materially false, InislCading, ur inaccurate information or statements to i,el7der (or failed to provide Lcndcr with laterial information) in connection with the Luan. Material representations include, but arc not limited lu, representations concen7ing Horrowcr's occupancy of the Property as Borrower's principal residence. NEBRASKA -Single Family -Fannie Mae(Freddie Mac UNIFORM INSTRUMENT ~ ~~~~~I -61NE) goat i 1 Page 7 of 1 & ~rinla~s: ~(11~1.~ Form 3028 1l01