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2oioos4s9 <br />work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken <br />promptly. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series <br />of progress payments as the work is completed. Unless an agreement is made in writing or Applicable Law <br />requires interest to be paid on such insurance prods, Lender shall not be required toapaeSBo a °airiedr by <br />interest or earnings on such proceeds. Fees for public adjusters, or other third p <br />Borrower shall not be paid out of the insurance proceeds and shall be the sole obligation of Borrower. If <br />air is not economically feasible or Lender's security would be lessened, the insurance <br />the restoration or rep <br />proceeds shall be applied to the sums secured by this Security Instrumentitw~h~ ~e aide t p ovided ~forlin <br />the excess, if any, paid to Burrower. Such insurance proceeds shall be app <br />Section 2. >:ile, ne otiate and settle any available insurance <br />If Borrower abandons the Property, I.,ender may g <br />claim and related matters. If Borrower does norther ~ aer m Y ri go a to and settle th ~ laimnThe 30-day <br />insurance carrier has offered to settle a claim, wires the Property under <br />period will begin when the notice is given. In either event, or if Lender acq insurance <br />Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights t Inannunent, and <br />proceeds in an amount not to exceed the amounts ~pazht todeany refund of unearned pr~~ Pad by <br />(b) any other of Borrower's rights (other than the rig rt insofar ~ such rights are applicable to the <br />Borrower) under all insurance policies covering the Prape y, <br />coverage of the Property• Lender may use the insurance Proms either to repair ar restore the Property or <br />to pay amounts unpaid under the Note or this ~ ablish,t ande utse the Pro erty ase Borrower's principal <br />Borrower shall occupy, p <br />6. Qccupancy. <br />residence within 60 days after the execution of this Security Instrument and shall continue to occupy e <br />Property as Borrower's Principal residence for at least one year after the date of occupancy, unless Lender <br />otherwise agrees in writing, which consent Ihal~n~~ be unreasonably withheld, or unless extenuating <br />circumstances exist which are beyond Borrowe InspecN°ns. Borrower shall not <br />7, preservation, Maintenance and Protection of the Property; <br />destroy, damage or impair the Property, X10 ~ tthe Property, tBorrower shall maintain the Property n <br />Property. Whether or not Borrower is residing <br />order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is <br />determined pursuant to Section 5 that repair or restoration is not economically feasibee, Ba ~otw~ ~~ <br />ro tl r air the Property if damaged to avoid further deterioration or damag <br />p mp Y eP a to, or the taking of, the Property, Borrower <br />condemnation proceeds are paid in connection with dainag o~ if Lender has released proceeds for such <br />shall be responsible for repairing or restoring the Property y <br />purposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of <br />progress payments as the work is completed.sinot relieved of Borrowernobl ga on fo sthe compl tion of <br />to repair or restore the Property, Burrower r <br />such repair or restoration. bons of the Property. If it has <br />Lender or its agent may make reasonable entries upon and inspec pe bender shall give <br />reasonable cause, Lender may inspect the interior of the improvements on the such reasonable cause. <br />Borrower notice at the time of or prior to such an interior inspection specifythduring the Loan application <br />8. Borrower's Loan Application. Borrower shall be in default if, <br />process, Borrower or any persons or entities acting at the direction of Borrower or with Borrower's <br />knowledge or consent gave materially false, ~sl in~format on)~in raconnectinntiwrthr the a Loan t M ed ~ <br />(or failed to provide Lender with mater resentations concerning Borrower's occupancy of the <br />representations include, but are not limited to, rep <br />Property as Borrower's principal residence. <br />NEBRASKA -Single Family -Fannie Mae/Fraddie Mac UNIFORM iNSTRUMENnit~ais: Form 3028 1/01 <br />Page 7 of 15 <br />-6tNH) Loaf n <br />V <br />