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�o�oo�a�r work has been cnmpleted to Lender's satisfac#ion, provided that such inspection shall he undcrtaken promptiy_ Lendcr may disburse prnceeds for the rep�irs and restorati�n in a single payment or in a series of progress payments as the wntk is completed. i7nless an agreement is made in writing nr 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 proceeds. Fees for public adjusters, or other Wird parties, retained by Borrower shall not be paid out of tYie insurance proceeds and shall be the sole ahligation of Borrowcr. If the restoratinn or repair is not ecanomically feasible nr Lender's security wauld 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 insutance praceeds shall be applied in the arder provided for in Section 2. If Borrower abandons the Ptoperty, Lender may file, negotiate and settle any availablo insurance claim and related matters_ Tf Borrower does not respand within 30 days to a notice frarn Lender that the insurance carrier has offered tn settle a claim, then Lender may negntiate and settle the claim. The 30-day period will begin wh�:p the notice is given. In either event, or if Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to Lendcr (a) Borrower's rights to any insurance proceeds in an amount not to exceed the amounts uupaid under the Note or this Security Instrument, and (b) any other of Bnrrower's rights (other than the right tn any refund of unearned premiums paid by Borrower) under all insutance polieies covering the Property, insofar as such rights atc applicablc to the coverage of the Property. Lendcr tnay use the insurance proceeds eith�r to repair or restorc thc Fraperty ar to pay amounts un�paid under the Note or this Security Instrument, whether or not then due. 6. Occupaney. Borrowet shall occupy, establish, and use the Properiy as Borrawer's principal resideuce within 60 days after the execution of this Security Inshument and shall continue to occupy the Pxaperty as Sorrower"s principal residence far at least ano year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be uureasonably withhcld, or unless extenuating circumstances exist which are beyond Borrower's control. 7. Preaervation,, Maintenance and Protection of the Prnperty; Inapectiong. Borrower shall not desh�oy, damage ar impair thc Property, allow the Property to deteriorate or commit w�ste on the Property. Whether nr not Borrower is reaiding in the Property, Borrower shall rnaintain the Property in order to prevcnt the Property from deteriotating or decreasing in value due to its condition. Unless it ix determined pwsuant to Section 5 that repair or restoration is not economically feasible, Sortower shall promptly repair the Pmperty if damaged to avoid further det�rioration nr damagc. If insurance ar condemnation proceeds are paid in connection with damage to, or the taking of, the Pmperty, Hortower shall be respansible for repairing or restaring the Property only if Lender has released proceeds for such purposes. Lender may disburse pmcee,cis for the repairs and restoration in a single payment or iu a series of progress payments as the work is completed. If the iasurance or condemn�tion proceeds arc nnt su£f'icient to repair or restore thc Prapeity, Borrower is not relieved of Borrower's abligation fnr the completion of such repair or restoration. Lender or its agent rnay make reaeonable entries upan and inepections of the Ptoperty_ Tf it has roasonable causc, Lender may inspect the interior of tha impmvements on the Property. �.cnder shail giv� Borrower notice at the time of or prinr to auch an inttriar inspectian �pecifying such reasnnable cause. 8. Borrnwer'R Loan Application. Borrowec shall be in default if, during tl�a I,oau applicatinn procr.ss, Borrowet ar any persons or entities acting at the direction af Borrower ar wiW Borrower's knowlodgc or consent gave materially false, misieading, nr inaccuxate infarmation or stateracnts to Lendcr (or failed to provide Lender with material information) in connection with the Loan. Material representations include, but are not limited to, rcpresentations conccrning Borrowcr's cecupancy of the Property as Horrower's principal residence_ NEBRASKA- Single Famlly -�annls Mae/Frsddi� NAac UNIF�RM INSTRUMENT ��NE� �(0817) Pap� 7 of 16 �niva�a. Form 3028 7/01