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20~oo6os~ work has been completed to Lender's satisfaction. provided that such inspection shall be undertaken promptly. Lender may disburse proceeds for 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 ar earnings an such proceeds. Pees for public adjusters, ar other third parties, retained by Harrower shall oat be paid out of the insurance proceeds and shall be the sole obligation of Harrower. If the restoration nr repair is not ecana,rirically feasible or Lender's security would be lessened, the ittsttrartce proceeds shall be applied to the sums secured by this Security Instrument, whetter ar oat then due, with the excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the order provided far ~ Section 2. If Borrower abandons the Property, Lender may file, negotiate and settle arty available insurance claim and related matters. If Borrower does oat respond within 30 days to a notice from Lender that the insurance carrier has offered to settle a claim, then ],ender may negotiate and settle the claim. The 30-day . period will began when the native is given, In either event, or if Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns tv Lender {a) Borrower's rights to any insurance proceeds in an amount oat to exceed the amounts unpaid under the Note or this Security Instrument, and (b) any other of Borrower s rights {other than the right to any refund of unearned premiums paid by Harrower) under all Insurance policies covering the Property, insofar as such rights are applicable to the coverage of the Property. Lender may use the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the Nate or this Security Instrument, whether ar not then due. 6. Dccttpancy. Borrower shall occupy. establish, and use the Property as Borrower's prindpal residence within BO days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower's princpal residence for at least one year after the date of oocupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, air unless extenuating circumstances exist whidt are beyond ,Borrower s control. 7. F;tr~ervation, Maintenance and Protection of the Property; I~xspectians. Borrower shall not destroy, damage ar impair the Property, allow the Property to deteriorate ar commit waste on the Property. Whether ar not Borrower is residing in the Property, Borrower shall maimain the Property in order to prevent the Property from deteriorating or decreasing in value due co its condition, Unless it is determined pursuant tv Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration or datr~ge. Tf insurance or candemnatlan proceeds are paid in connection with damage to, or the taking af, the Property, Borrower shall be responsible for repairing or restoring the Property only if Lender has released proceeds far such purposes. Lender may disburse proceeds far the repairs and restoration in a single payment ar in a series of progress payments as the work is completed. If the insurance ar condemnation proceeds are oat suffident to repair or restore the Property, Borrower is not relieved of Borrower's obligation far the completion of such repair yr restoration. Lender ar 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 nn the Property. Lender shall give Harrower notice at the time of or prior to such an intenivr inspection specifying such reasonable cause. 13. Borrower's Loan Application Borrower shall be in default if, during the Laan application process, Borrower or any persons ar entities acting at the direction of $arrower or with Borrower's knowledge ar consent gave materially false, misleading, ar inaccurate information ar statements to Lender {or failed to provide Lender with material infartnation) in connection with the Loan. Material representations include, but are not lirt~ited to, representations canoerning Borrower's occupancy of the Property as Borrower s principal residence. 880085919 ~ 8800t359~19 NEBRASKA -Single Family -Fannie MaelFreddie Mae i1NIFCRM INSTRUMENT WIT ERS -BA(ME'j{aaiu) pa®e~or rs in~u~; form 3028 7fEt7