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201005931 work has bear completed to Lender's satisfaction, provided fat such inspection stall be undeatalcen promptly. Leader may diabu><aaee proceeds for the repairs and restoration in a single paymoat or in a series of Prog payraeats as the work is completed, Unless an agreetneat is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, Larder shall not be required to pay Bonawrr any interest nr earnings on such ptaceeds. Fees far public adjusters, or other third parties, retained by Borrower shall not be paid out of the insurance proceeds and shall be the sole obligation of Borrower. If thcrestoratian or repair is not economically feasible or Lender's security would be lessened, the insttt~ance proceeds shall be applied to the sums secured by this Security Instrument, whether err not than due, with the excess, if any, paid to Harrower. Such insuuance proceeds shall be applied in the order provided for in Section 2. If Borrower ahandoaa the Property, Lender away file, nego#iate and settle any available insurance claim a~ 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, than lender may ncgatiato and s~tle the claim. Tlxe 3Q-day period will begin whar the notice is givar. In either event, err if Leader actltuires the Property under Section 22 or otherwise, Bort+owcr hereby assigps to Lender (a) Borrower's rights to anry insxtrancc proceeds in an amount not to exceed the amounts unpaid under the Note or this Security Instruxrtent, and (b) any other of Borrower's rights (other than the right to eery refund of unearned pr+cmiums paid by Harrower) under all insurance policies coveting the Property, insofar as such rights are applicable to the coverage of tbo Property. Lender may use the insurance proceeds either to repair err restore rho Property or to pay amounts unpaid under the Note or this Security Instrumart, whether err not than due. 6. Otxupsttnty. Harrower shall occupy, establish, ar~d use the Property as Honrower's principal residence within 60 days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower's principal residw,ca for at least one year a8er the data of occupancy, unless Larder otherwise agrees in writing, which coasart shall not be ~mreasonably withheld, err unless extemu;ting circ~paatswces exist which are bryand Borrower's control. 7. Preservation, Maintenance and Protection of the Prnpt:rty; Iospectians. Borrower shall not destroy, damage or impair the Property, allow rho Property to deteriorate or commit waste on the Property- Whether or not Borrower is residing t the Property, Borrower shall maintain the Property in order to prevent the Property from deteriorating or decreasing in value duo to its condition. Unless it is determined pursuant to Section S that repair or 'restoration is not xonomically feasible, Borrower shall promptly t+epair the Property if damaged to avoid further deterioration or damage. If ins~uance or condemnation proceeds are paid in corutection with damage to, or the taking of, the Property, Borrower shall be responsible for repairing or restoring the Property only if Lender has x~ele~tsed proceeds for such puirposes. Lender may disburse proceeds fur the repairs and restoration in a single payment or in a series of progress paymarts as the work is completed. If the insurance a* cnndem»atinn proceeds are not sufficient to repair or restore the Property, Borrower is oat relieved of Borrower's obligation for the completion of such repair or restoration. Lendex or its agart may make reasonable artrics upon and inspections of the Pmptniy. if it has reasonable cause, Lander may inspect the interior of the improvements nn rho Property. Larder shall give Borrower notice at the time of or priaur to such an interior inspection specifying such reasonable cause. 8. Borrower's Loan Application. Harrower shall be in default if, during the Loan application process, Borrower or any persons or entities acting at the direction of Harrawct or with Borrower's knowledge or canaent gpvo xaatetially false, misleading, or inaccurate information or statdnctrts tb Leader (or tailed to provide Lender with material information) in connection with the Lean. Material r~tiotxs include, but are ~t limited to, representations concerning Honrower's occupancy of the Property as Borrower's principal residetnce. NEBRABtCA- Sirgb Farrtsy - FannM MaalFrrddb Pats UNFORM gr8'T~NT ~~~ W611) i~ 7 of 16 N~IM~dr~~ t"~1 ~' 1b1