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2�i00�495 work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse proceeds for the repairs and restoration in a single payment or 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 on such insurance praceeds, I.ender shall not be required ta pay Borrower any interest or earnings on such proceeds. Fees for public adjusters, 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 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 Instrument, 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. Tf Borrower abandons the Property, L.ender rnay file, negotiate and settle any available insurance claim and related matCers. If Borrower daes not respond within 30 days to a notice from Lender that the insurance carrier has offered to sattle a claim, then Lender may negatiate 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 Lender (a) $orrower's rights to any insurance procseds in an amount not to exceed the amounts unpaid under the Note or 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 a11 insurance policies covering the Property, insofar as such rights are applicable to the coverage of the Froperty. Lender may use the insurance proceeds either to repair or restore the Praperty or to pay amounts unpaid under the Note or this Security Instrument, whether or not then due. 6. Occupancy. Borrowsr shall occupy, establish, and use the Property as Borcower's principal residence within 60 days after the execution of this Security Instrurnent and shall continue to accupy the Property as Borrower's principal residence far at least one year after the dats of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating cixcumstances exist which are beyond Borrower's control. 7. Preservation, Maintenance and Protectian af the Property; Inspections. Barrower shall not destroy, damage or impair the Praperty, allow the Property Co deteriorate or commit waste on the Property. Whether or not Borrower is residing in the Prpperty, Barrower shall maintain the Property in order to pr�vent 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, �orrower shall promptly repair the Froperty if damaged to avoid further deterioration or 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 restoring the Property only if Lender has released proceeds for such purposes. Lender may 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 condemnation proceeds are not sufficient to repair or restare the Property, Borrower is not relievsd of Borrower's obligation for the completion of such repair or restoration. L,ender ar its agent may make reasonable entries upan and inspections of the Froperty. If it has reasonable cause, Lender may inspect the interior of the improvernents on the Property. Lender shall give Borrower notice at the time of or prior to such an interior inspection specifying such reasonable cause. S. Borrower's Laan Application. Borrower shall be in default if, during the Loan application process, Borrower ar any persons or entities acting at the directian of Borrower ar with Borrower's lrnowledge or consent gave rnaterially false, misleading, or inaccurate information or statements to I.ender (ar failed to provide Lender with material informaCion) in connection with 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 MaelFreddie Mao UNIFORM INSTRUMENT WITi�M �-6A�NE) �os�o� Page 7 of 15 �n�t�a�s: Fqrm 3028 1/01 III IIIIIIII� �I�II �I��IIIII IIIIII I II III IIIIII II III � q03Z25224911 0233 364 0715