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201006608 work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender nlray 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 requites interest to be paid on such insurance proceeds, Lander shall not be requixed to pay Borrower any interest or earnings on such proceeds. Fees for 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 the restoration or repair is not economically feasible at Lender's security would be lessened, the insurance proceeds shall be applied to the sums secuxed by this Secuxity 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 Barxower abandons the Property, Lender may file, negotiate and settle any available insurance claim and xelated 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 Sectian 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights to any insurance 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 the insurance proceeds either to repair ar restore the Property or to pay amaurrts unpaid under the Note or this Security Instrument, whether or not then due. 6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrowex's principal residence within b0 days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower's principal residence fox at least nne year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which ate beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or impair the Property, allow the Property to deteriorate or commit waste on the Pxoperty. Whether of not Borrower is residing in the Property, Borrower shall maintain the Property in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Sectian 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration or darrAage. If insurance ar condemnation proceeds axe paid in connection with damage to, or the taking of, the Property, Borrower shall be responsible for repairing of restoring the Property only if Lender has released proceeds for such purposes. 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. If the insurance or condemnation pxceeds are net sufficient tv repair or restore the Property, Borrower is not relieved of Borrower's obligation for the completion of such repair or 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 on the Property. Ltndet shall give Borrower notice at the time of or prier to such an interior inspection specifying such reasonable cause. 8. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, Borrower at any persons or entities acting at the direction of Borrower ar with Borrower's knowledge or consent gave materially False, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material information) in connection with the Loan. Material representations include, but are net limited to, representations concerning Borrower's occupancy of the Property as Borrower's principal residence. ios~r~ ooose~~s~9i5 ~t ~, Zoxo NEBRASKA- Single Family -Fannie Maa/F1'sddle Mac UNIFORM INSTRUMENT WITH~,~AER~3 t~$A(NE) (0810) Page r of 15 Initials: ~~[~cc Forn1302$ 7101