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2010U7431 work has been completed to Lender's satisfaction, provided that such inspection shall bs undertaken promptly. L.endsr may disburse prpceeds for the repairs and restoration in a single payment or in a series of progress payaments 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 Borrower any interest or earnings on such proceeds: Fees for public adjusters, or other third parties, retained by $orrower shall not be paid out of the insurance proceeds and shall be th� sale obligation of Borrower. If the restoration or repair is not econamically feasibl� or L.ender's security wauld be lessened, the insurance proceeds shall be applied to the sums secured by this Security Instrumsnt, whether or not then due, with the excess, if any, paid to Barrower. Such insurance proceeds shall be applied in the order provided for in Sectian 2. If Barrower abandons the Property, Lender rnay file, negotiate and settle any available insurance claim and related matters, If Barrawer does not respond within 30 days to a notice from L,�nder that the insurance carrier has offered to settle a claim, then I,ender may negotiate and settle the clairn. The 30-day period will begin when the notice is given. In eithex event, or if Lender acquires the Prvperty under Section 22 or otherwise, Bonower hereby assigns to Lender (a) Bonower's rights to any insurance pxoceeds in an amount not to exceed the amounts unpaid under the Nots or this Security Instrurnent, and (b) any other of Borrower's rights (other than the right to any refund af unearned prerniurns paid by Borrower) under a11 insurancs 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 arnaunts unpaid under the Note or this Security Instrurnent, whether or not Chen due. b. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within b0 days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower's principal residence fpr at least ane year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not bs unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower's control. 7. Preservatian, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or impair the Property, allow the Property to deteriorate qr cornmit waste on the Property. Whether or not Borrower is residing in the Property, Barrower shall maintain the Property in order to prevent ths Praperty from deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that rspair or restoration is not �conomically feasible, Borrower shall promptly repair the Property if damaged to avoid further deteriaration ar damage. If insurance vr condemnation proceeds are paid in connsction with damage ta, or the taking af, the Property, Borrower shall be responsible for repairing or restoring the Property only if I.�nder has released proceeds for such purposes. Lender znay disburse proceeds for the repairs and restoration in a single payment or in a series pf progress payments as the work is completed. If the insurance or condemnation proceeds are not sufficicnt to repair or restore the Property, Borrower is not relieved of Borrower's obligation for the cocnpletion 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 improvemcnts on the Property. Lender shall give Borrower natice at the time af or priar to such an interior inspection specifying such reasonable cause. 8. Borrower's Loan Application. Borrower 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 Irnowledge 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 Loan. Material representations include, but are not limited to, representations concerning Borrowsr's accupancy of the Property as Borrower's principal residence. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSYRUMEN7 WITH MERS �-BAINE) loa�o� Page 7 of 15 iniciais: �L. Form 3028 1/09 III II'I��III IIIIIIII'lI1II�AlII llll�ll II�II �II �II g03225393046 0233 220 0715