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201007343 work has been completed to Lender's satisfaction, provided that such inspet~tion 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 wont is completed. Unless an agreetivent is made in writing ar Applicable Law requires interest to be paid on such inai~ranrp proms, Lender shall not be required to pay Harrower any interest or earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Harrower 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 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 Harrower abandons the Property, Lender may file, negotiate and settle any available insurance claim atld 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 bender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount not to exceed the arrrounts unpaid under the Note or this Security Inshvment, and (b) any other of Borrower's rights (other than the right to any refund of unearned premiums paid by BorraWer) under 811 ln~~~nce pollcles 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 amounts unpaid under the Note or this Security Instrument, whether or not then due. 6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within 60 days after the execution of this Security Instnunent and shall continue to occupy the Property as Borrower's principal residence for at least one 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 are 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 nn the Property. Whether or not Borrower is residing in the Property, Borrower shall maintain the Property in order to prevent the Property from deteriotatiog or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in connection with damage ta, or the taking of, the Property, Borrower shall be responsible for repairing or 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 ProB~ PaY as the work is completed. If the insurance or condc~nnation proceeds are not sufficient to repaiur or restore the Property, Borrower is not relieved of Borrower's obligation for the completion of such repair or restoration. Lender or its agent tray 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. Lender shall give Borrower notice at the time of or prior to such an interior inspection specifying such reasonable cause. 8. Borrower's Loan Appliradon. Borrower shall be in default if, during the Loan application process. Borrower or any persons or entities acting at the dit+cetion of $orrower ar with Borrower's ltt~wledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material information) in comrection with the Loau. Material representations include, but are not limited ta, representations concerning Borrower's occupancy of the Property as $orrower's principal residence. NEBRASKA -Single Family - FanNe MaalFreddh Mac UNIFORM INSYRUMENT -81NE) loe~ ~ 1 Papa ~ of ~ 5 ~nniala: ~ Form 908 1101