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�aior��l4�s work has been cornpleted to Lender's satisfaction, provide� that such inspection shall be undertaken promptly. Lender may disburse proceeds for the repairs and restoration in a single payrnent 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, Lender shall not be required to pay Borrower any interest or earnings on such proc�:eds. Fees for public adjusters, or other third parties, retaine� by Borrower shall not be paid out of the insurance proceeds and shall be the sale obligation of Borrower. If the restaration or repair is not economically feasible or Lender's seeurity would be lessened, the insurance proceeds shall be applie�ei to the suins secur�i by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such insurance proceecls shall be applied in the order provided for in 5ection 2. If Bonower abandans the Property, Lender may file, negotiate and settle any available insurance clairn and related matters. If Borrower does not respond within 30 days to a notice from Lender that the insurance carrier has offered to settle a clairn, then Lender 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, Borrower hereby assigns to I..ender (a) Borrower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid under the Note ar this Security Instrument, and (b) any other of Borrower's rights (other than the right to any refund of unearned premiums paid by Borrower) under all insurance 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 amounts unpaid under the Note or this Security Instrurnent, whether or not then due. b. Oecupancy. Borrawer shall accupy, establish, and use the Property as$orrower's principal residence within b0 days after the execution of this Seeurity Instrument and shall continue to accupy the Property as Borrower's principal residence far 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 Barrawer's control. 7. Preservation, Maintenance and Protectian of the Property; Inspections. Bonrower shall nat destroy, damage or impair the Property, allow the Property ta deteriorate or commit waste on the Property. Whether or not Borrower is residing in the Property, Borrawer shall maintain the Property in order to prevent the 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, Barrower shall prornptly repair the Properry if damaged to avoid further deterioration or damage. If insurance or candemnation praceeds are paid in connection with daznage to, or the taking of, the Praperty, Bonower shall be responsible for repairing or restoring the Property only if Lezider has released proceeds for such pucposes. Lender rnay disburse proceeds 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 condemnatian proceeds are not sufficient 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 inspect the interior of the improvements on the Prpperty. Lender shall give Borrovver 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 Loan application pracess, Borrower ar any persons or entities acting at the direction of Borrower or with Borrower's lrnawle�ge or consent gave materially false, misleading, ar inaccurate information or statements to L.ender (or failed to provide Lender with material infornnation) in connection with the Loan. Material representations include, but are nat limited to, representations concerning Borrower's occupancy of the Property as Borrower's principal residence. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-61NE) �oe � i � Page 7 of 7 5 Initials: ��i Form 3028 1/01 � i � 1. : � ' � �,,