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�O10U7479 work has been compleced Co Lender's satisfaction, provided 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 payrnents 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 noC be required to pay Borrower any interest or earnings on such proceeds. Fees for public adjustexs, 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 ar repair is not economically feasible or �.,ender's security would be lessened, the insurance proceeds shall be applied to the sums secured by this Security Instrurnent, 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 may file, n�gotiate and settle any available insurance claim and related rnatters. If Bonower does not respond within 3Q days to a notice from Lender that the insurance carrier has offered ta settle a claim, then Lender may negotiate and settle the claam. The 30-day period will begin when the notice is given. In either event, or if I..,ender acquires the Property under Section 22 or otherwise, Barrower hereby assigns to J_.ender (a) Borrower's rights to any insurance proceeds in an amaunt nat to exceeed the amounts unpaid under the Note or this Security Instrument, and (b) any other of Barrower's rights (ather than the right to any refiu�d of unearned premiuzns pazd by Borrawer) under all insurance policies covering the Property, insofaz as such rights are applicable to the coverage of the Froperty. Lender may use the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the Note or this Security Instrument, whether ar not then due. 6. Occupancy. Borrower shall occupy, establish, and use the Praperty as Borrower's principal residence within 60 days after the executian of this Security Instrument and sha11 continue to occupy the Property as Borrower's principal residence for at least one year after the date of occupancy, waless Lender otherwise agrees in writing, which cansent shall not be unreasonably withheld, or unless extenuaCing circumstances exist which are beyond Borrower's control. 7. Preservation, Maintenance and P� of the Property; Inspections. Borrower shall not destroy, damage or impair the Property, allow the Property to deteriarate or cornmit waste on the Property. Whether or not Borrower is residing in the Praperty, Borrawer shall maintain the Property in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless iC is determined pursuant to Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if darnaged to avoid further deterioration or damage. If insurance ar condemnation proceeds are paid in cannectian with damage to, or the taking of, the Properiy, Borrower shall be responsible for repairing ar restoring the Praperty only if L.endez' has released proceeds for such purposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series af progress payments as the work is completed. If the insurance or condemnatian proceeds are not sufficient to repair or restore the Praperty, Bonower is nat relieved of Borrower's obligation for the completivn of such repair ar restoration. Lender or its agent may make reasonable encries upon and inspections of the Praperty. If it has reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender shall give Barrower notice at the time of or prior to such an interior inspection specifying such reasonable cause. $. Borrowe�r's Loan Application. Borrower shall be in default if, during the Loan application process, Barrower or any persons or entities acting at che direction of Borrower or with Borrower's lrnowledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (ar failed to providc Lender with material informaCion) in connection witk� the Loan. Material representations include, but are not limited to, representations concerning Borrower's occupancy of the Property as Borrower's principal residence. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-6�NE) �os� i� Page 7 of 15 inmais: � Form 3028 1/01 ��l3�; ��:�i