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2oiou�3s5 work has been completed to L,�nder's satisfaction, provided that such inspection shall be undertaken promptly. I,ender 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 agreernent is rnade in writing or Applicable I,aw requires interest to be paid on such insurance proceeds, Lender shall not be required 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 econornically feasible or Lender's security would be lessened, the insurance proc�eds shall be applied to ths sums secured by this Security Tnstrument, whether or not then due, with the excess, if any, paid to Borrower. 5uch insurance proceeds shall be applied in the order provided for in 5ection 2. If Borrawer abandons the Property, I.ender may �le, negotiate and settle any available insurance claim and related matters. If Borrower does nat respand within 30 days to a notice from I,ender that the insurance carrier has offered to settle a claim, then Lender may negotiate and settle Che claim. The 30-day period will begin when Che notice is given. In either event, or if L,Qnder acquires the Froperty under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights to any insurance proceeds in an arnount not to exceed the amounts unpaid under the Note or this Security Instrument, and (b) any ather af Borrower's rights (other than the right to any refund of uneamed premiums paid by Barrower) under all insurance policies covering the Property, insofar as such rights are applicabl� to the covcrage of the Froperty. Lender may use the insurance proceeds either to repair or restore the Froperty or to pay amounts unpaid under the Note or this Security Instrument, whether or not then due. b. Occupancy. Borrower shall occupy, 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 of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond �arzower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borcower shall not destroy, damage or impair the Property, allow the Property to deteriorate or commit waste on the Property. Whether or not Borrower is residing in tlie Property, Borrower shall maintain the Property in ordex to prevent tt�e Property from deteriorating 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 to, 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 progress paym.ents as the work is coampleted. If the insurance or condemnation proceeds are not suf�cient Co repair or restore the Property, Borrower is not relieved of Bonower's obligation for the completion of such repair or restoration. Lender or its agent rnay make reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender rnay inspect the interior of the impravements on the Property. Lender shall give Borrower notice at the tirne of or prior to such an interior inspection specifying such reasonable cause. 8. Borrower's Loan Application. Borrower shall be in default if, during the Laan application process, Borrower or any persons or entities acting at the directian of Borrower or with Borrower's knowledge or consent gave rnaterially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material infoz�mation) in connection with the Loan. Material representations include, but are not limited to, representatians concerning Borrower's occupancy of the Property as Borrower's principal residence. NEBRASKA - Single Family - Fannfe Mae/Freddie Mac UNIFQRM IIVSTRUMEIVT �� �-6�NE) losi t 1 PaQe 7 of 15 Iniiials: � Form 3p2$ 9l07 . p . � ' 4 � � � , a , . ..�. �