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2010U�382 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 completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, L.ender shall not be required to pay Borrawer 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 praceeds and shall be the sole obligation of Borrower. If the restoration or repair is not economically feasible or I.ender's security would be lessened, the insrarance 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 nnay �le, negotiate and settle any available insurance claim and related matters. If Borrower does not respand within 30 days to a notice from Lender that the insurance carrier has offered to settle a claim, then T_,ender 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, Borrawer hereby assigns to Lender (a) Borrower's rights to any insurance proceeds in a�n amount not to excced the arnounts 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 premiwns paid by Borrower) under all insurance policies covering the Property, insofar as such rights are applicable to the coverage of the Property. L.ender may use the insurance proceeds either to repair or restore the Praperty or to pay a�mounts unpaid under the Note or this Security Instzvment, whether or not then due. 6. Occupancy. Borrower shall accupy, 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 date af occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circurnstances exist which are beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Praperty; Inspections. Borrower shall not destroy, damage or impair the Property, allow the Property to deteriorate or cominit waste on the Property. Whether ar nat Borrawer is residing in the Property, Barrower shall rnaintain the Property in order to prevent the Property frorn deteriorating or decreasing in value due to its condition,. Unless it is determined pursuant to 5ection 5 that repair or restoration is not economically feasible, Borrower shall prornptly repair the Property if damaged to avoid further deterioration or damage. If insurance ar condemnation proceeds are paid in connection with darnage to, or the taking of, the Property, Borrower shall be responsible for repaiaring or restoring the Property only if Lender has released proceeds for such purpases. Lender rnay disburse praceeds 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 proceeds aze not sufficient ta repair or restare the Property, Borrower is not relieved of Borrower's obligation for the campletion of such repair or restoration. Lender or its agent may make reasonable entries upon and inspections of the Praperty. If it has reasonable cause, Lender may inspect the interior of the improvernents on the Praperty. Lender shall give Borrower notice at the time of or prior to such an interior inspection specifying such reasonable cause. 8. Borrower's Laan Application. Borrower shall be in default if, during the Loan applicatian process, Borrower or any persans or entities acting at the direction of Borrower or 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 i.oan. Material representations include, but are not liznited to, representatians concerning Borrower's occupancy of the Property as Borrower's principal residence. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �L� �-6(NE) 1os>>1 Page 7 of 15 i��t�ais: �,. �� Form 3028 7/09 � r�.` � • :,�' ,a