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2010U73g� � work has been completed to I.ender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse procee�s for the repairs and restoration in a single payment or in a series of progress payrnents as the work is complete�. Unless an agreement is made in writing ar Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not be required to pay Barrawer any interest or earnings on such procceds. �'ees far public adjusters, or other third parties, retained by Borrower shall not be paid out of the insurance pror�is and shall be the sole obligation of $orrower. If the restoration or repair is not economically feasible pr Lender's seeurity would be lessene�, the insurance pmceeds shall be applied to the stuns secured by this Security Instrurrient, whether or not then due, with the excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the order provide�i for in Section 2. If $orrower abandnns the Property, L.�nder may file, negotiate and settle any available insurance claim and related matters. If Banower dces not respond within 30 days to a natice frorn Lender that the insurance carrier has offered to settle a claim, then Lender may negotiate azid 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, Borrower hereby assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount not to exce�d the arnounts unpaid under the Note or this Security Instrurnent, and @) any other of Barrower's rights (other than the right to any refund of unearned premiurns paid by Borrower) under a,il insurance policies covering the Property, insofar as such rights are applicable to the coverage of the Property. Lender rnay use the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the Note or this Security Instrument, whether or not then due. 6. �ccupancy. 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 Boarrawer'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, darnage or impair the Property, allow the Property to deteriorate or commit waste on the Property. Whether or not Borrower is residing in the Property, Borrower shall maixitain the Praperty in order ta prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is deternuned 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 epndernnation proceeds are paid in connection with damage to, or the taking of, the Property, Borrower shall be respansible for repairing or restoring the Property only if Lender has releaserl proceeds for such pwrposes. I.ender may disburse proceeds for the repairs and restoration in a single payment or in a series of pragress payments as the work is completed. If the insurance or condemnation proceeds are not suf�cient 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 and inspections of the Property. If it has reasonable cause, Lender may inspe�t the interior of the irnprovements on the Property. I.ender shall give Borrower notice at the time of or prior to such an interior inspection specifying such reasonable cause. 8. Borrower's Loan Application. Borrower shall be in default if, dwring the Loan application process, Borrower or any persons or entities acting at the dire�tion of Borrower or with Borrower's knowledge or consent gave materially false, misleading, or inaccurate information or staternents to Lender (or failed to provide Lender with material information) in connection with the Loan. Material representations include, but are not limited to, representations concerning Banower's occupancy of the Property as Borrower's principal residence. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-6�NE) losi i� Page 7 of 15 initiais: Fprm 3028 1�07 � ; , , ', , w �O �