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2oioo�4so work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. T ender may disburse proceeds for the repairs and restaration in a single payment ar in a series of progress payments as the work is cornpleted. Unless an agreement is made in writing or Applicable Law requires interest to be paid an such insurance proceeds, Lender shall not be required to pay Borrowear any interest or earnings on such proceeds. Fees for public adjusters, or ather third parties, retained by Borrawer shall not be paid out of the insuranr,e praceads and shall be the sole abligation of Borrower. If the restoration or repair is not economically feasible or Lender'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 procee�s shall be applied in the order provided far in Section 2. If Borrower abandans the Praperty, Lender may file, negotiate and settle any available insurance claim and related matters. If Borrower does not respond within 30 days to a notice frorn I.ender that the insurance carrier has offered to settle a clairn, then Lender may negotiate and settle the claim. The 30-ciay period will begin when the notice is given. In either event, or if Lender acquires the Property under Section 22 or otherwise, Barrower hereby assigns to Lender (a) Borrower's rights to any izasurance proceeds in an amount not to exceed the amounts unpaid un.der the Note or this Security Instrument, and @) any other of Borrower's rights (other than the r�ght to any refund of uneaxned 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 Instrument, whether or not then due. 6. Occupancy. Borrower shall occupy, establish, and use the Property as Barrawer's principal residence within 60 days after the execution of ttus Security Instrurnent and shall continue to occupy the Property as Borrower's principal residence for at least one year after the date of occupar�cy, unless I.ender otherwise agrees in writing, which consent shall not be unreasanably withheld, or unless extenuating circumstances exist which are beyond Borrower's control. 7. Preservation, Maintenance and Prote�tion of the P�roperty; Inspections. Borrower shall not destroy, damage or impair tbe Property, allow the Property to deteriorate or commit waste on the Property. Whether or not Bo�xower is residing in the Property, Borrower shall rnaintain the Property in order to prevent the Property f�rom deteriorating or decreasing in value due to its candition. Unless it is detenmined pursuant to Section 5 that repair ar restoration is not economically feasible, Borrower shall pramptly repair the Property if damaged tp avoid further deterioration ar 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 restaring the Praperty only if Lender has released proceeds for such purposes, Lender rnay disburse proceeds for the repairs and restoration in a single payment or in a series of pragress payrnents as the work is completed. If the insurance or condemnation proceeds are not sufficient to repair or restore the Property, Borrower is nat relieved of Borrower's obligation for the campletion of such repair or restoration. Lender ar its agent may m�alce reasanable entries upon and inspections of the Praperty. If it has reasonable cause, Lender may inspect the interior af the improvements on the Property. Lender shall give Borrower notice at the tixne of or prior to such an interior inspe�tion spe�ifying such reasonable cause. $. Borrower's Loan Application. Banower shall be in default if, during the Loan application process, Borrower or any persans or entities acting at the direction of Borrower or with Borrower's lrnowledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material inforniation) in connection with the Loan. Material representations iz�clude, but are not limited to, representations concerning Borrower's occupancy of the Property as Borrower's principal residence. NEBRASKA - Singls Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT c.., �-61N�) 1os> > 1 Paga 7 of 15 imtiais: �•/ � Form 3028 1/01 � i e f 0 C � � Pr 4!