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20100617'7 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 camplotod. Unless an agreement is made in writing or Applicable Law requires interest to bo paid on such insurance proceeds, Lender shall not be required to pay Borrower any interest ar oarnings an such proceeds. 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 tho rostoration ar ropair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such insurance proceeds 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 does not respond within 30 days to a notice from Lender that the insurance carrier has offered to settle a claim, then Lender may negotiate and settle the claim. The 30-day period will begin when the notice is given. In either event, or if Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights to any insuranco proceeds in an amount not 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 Borrower) under all insurance policies covering the Property, insofar as such rights are applicable to the coverage of the Property. Lender may use tho insurance procoods either to ropair or restore the Property or to pay amounts unpaid under the Note or this Security Instrument, whether ar not then duo. 6, Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within 60 days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower's principal residence for at least one year after the data of occupancy, unloss Lender otherwise agrees in writing, which consent shall not be unreasonably withhold, ar unless extenuating circumstances exist which aro beyond Borrowor's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or impair the Proporty, allow tho Property to dotoriorate or commit waste on tho Property. Whether or not Borrawor is rosiding in tho Proporty, Borrawor shall maintain the Proporty in order to prevent the Property from deteriorating ar decreasing in value duo to its condition. Unless it is determined pursuant to Section 5 that repair or restoration is not economically foasiblo, Borrower shall promptly repair the Property if damaged to avoid further deterioration ar damago. If insurance or condemnation proceods aro paid in cannoctian with damago to, ar tho taking of, the Proporty, Borrowor shall be responsible for ropairing ar rostaring tho Property only if Lender has reloased procoods far such purposos. Londor may disburse proceeds for the repairs and restoration in a single payment or in a serios of progress paymonts as the work is completed. if the insuranco ar condomnation proceods are not sufficient to ropair ar rostoro the Property, Borrower is not relieved of Borrower's obligation far the completion of such ropair ar rostaration. Londor ar its agent may make reasonable entries upon and inspections of the Property. If it has roasonable cause, Lender may inspect the interior of tho improvements on the Property. Louder shall give Barrowor natico at the time pf ar prior to such an intorior inspection specifying such reasonable cause. $. Borrower's Loan Application. Borrowor shall be in default if, during the Loan application procoss, Borrowor or any persons ar ontities acting at the direction of Borrower or with Borrower's knowledge or consent gave materially false, misleading, or inaccurato inl'orrxaation or statements to Lender (or failed to provide Lender with material information) in connection with the Loan. Material representations include, but are not limited to, representations concerning Borrower's occupancy of the Property as Borrower's principal residence. NEBRASKA -Single Family -Fannie Mae/Freddie Mac UNIFORM INSTRUMENT -61NE) ~aa~ i~ aaoe ~ of 16 mitiaix: Form 3028 7/07 ~~