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20100741 work has been completed tp 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 agtecr~m is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lcndcr shall not be required to pay Borrower a~+ interest or earnings on 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 tbe sale obligation of Borrower. If the restoration or repair is not ccanomically feasible ar 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 Harrower. 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 relatod matters. If Borrower flocs not respond within 30 days to a notice from Lender that the insurance carrier has offered to settle a claim, theca Lender may negotiate and settle the claim. The 30~ay period will begin whcu the notice is given. In either event, or if Lender acquires the Property under Section 22 or otherwise, Harrower hereby assigns to Lender (a) Borrower's rights to a~ insurance proceeds in an amount not to exceed the artmunts unpaid under the Note or this Security Inshument, a~ (b) any ether 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 or restore the Property or to pay amounts unpaid under rho Note or this Security Instrument, whether or ~t then due. 6. Qccnpsncy. Borrower shall occupy, establish, and use the Propctiy as Borrower's principal residence within 60 days after the execution of this Security Insttument and shall contimie to occupy the Property as Borrower's principal residence far at least o~ year after the date of occupancy, unless Lender otherwise agrees itx writing, which consent shall not be unreasonably withheld. or unless extenuating circumstar~cs exist which are beyond Borrower's control. 7. Preservation, Maint~enarree and Protecliou of the Property; Inspei'tioew. Borrower shall not destroy, damage or impair the Property, allow the Property to deteriorate or commit waste on rho Property. Whether or not Borrower is residing in the Property, Harrower 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 Section 5 that repair ar restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration ar damage. If insurance or condemnation proceeds are paid in connection with damage to, or the taking of, the Property, Borrower shall be resports~le for repairing ar r+estoring the Property only iF Lender has released pr+ooccds for such purposes. Lender may disburse proceeds for the repairs and restorat~n in a single payment or in a series of progress paytrrenta as the work is completed. If the insurancx or condemnation proce~ls arc not sufficient to repair or restore the Property, Borrower is not relieved of Borrower's obligation for the completion of such repair or restoration. Lender or its agent may make reasonable entries upon anti inspections of the Property. If it has reasonable cause, Lender may inspect the interior of tbe impmvcmerats on the Property. Lender shall give Borrower notice at the time of or prior 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 Borrower or with Borrower's knowledge or consent gave materially false, misleading, or inaccurate i~ormation or statements to Lender (or failed to provick Lender with material information) in connection with the Loan. Material represcntations include, but are rot limited W, representatior~ concerning Borrower's occupancy of the Property as Borrower's principal residence. NEBRASKA - Single Family - FsnnM Maa/Freddie Mac UNIFORM INSTRUMENT ~~1N@) roar ~ ~ P.w+ ~ or ~ 6 i~:rnee: ~ Form 3028 7 /41