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2oioo�5i, work has been. campleted to Lender's satisfaction, provided that such inspectian shall be undertaken promplly. Lender may disburse proceeds far the repairs and restoration in a single payment or in a series of progress payments as the work is campleted. Unless an agreement is made in writing or Applicable Law r�quires interest to be paid on such inswrance proceeds, Lender shall not be required to pay Borrower any interest or eamings on such proceeds. Fees for public adjusters, or other third parties, retained by Borrower shall not be paid aut of the insurance proceeds and shall b� the sole obligation of Borrower. If the restoration or repair is not economically feasible or Lcnder's security would be lessened, lh� insuranc:e proceeds shall be applied ta the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such insurance �roc�eds shall be applied in the ordcr provided for in Section 2. If Bartawer abandons the Property, I.�nder may file, negotiate and settle any available insurance claim and related matters. Tf Borrower da�s not respond within 30 days to a notic� fram L,ender that the insuranc� cartier has offered to settle a claim, tl�en Lender may negotiate and settle the claim. Th� 3Q-day p�riod will begin when the notice is given. In either event, or if Lender acquir�s the Property under Section 22 or otllerwise, Borrc�w�r hereby assigns to L.ender (a) Borrower's rights to any insuran�e proceeds in an amounf nut ta exceed the amounts unpaid under the Note c7r 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. I,ender may use the insurance proceeds eith�r ta repair ar restore the Property or ta pay amounts unpaid under the Nate ar this Security Instrument, whcth�r or not then due. 6. Occupancy. Borrower shall accupy, establish, and use the Pro�rty as Barrower's principal residence within 60 days after the execution af this Security Instrument and shall c;antinue to occupy the Property as Borrower's principal residence for at least one year after thc date af occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances �xist which are beyond Borrower's aantrol. 7. Preservation, Maintenance and Protcctiqn qf the Property; Inspections. Borr�wer shall nat destroy, ciamage or impair the Property, allow the Froperty ta deteriorate or commit waste on the Property. Wheth�r ar not Borrower is residing in thc Prop�arty, Barrower shall rnaintain the Property in order to prevent the Praperty from deteriorating or decreasing in value. due ta its condition. Unless it is determined pursuant to Sectian S that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds arc paid in connection with damage to, or the taking af, the Property, Borrower shall be responsible for r�pairing nr restoring the Property only if Lender has released proceeds for such purposes. I.ender may disburse proceeds for the repairs and rest�ration in a single payment or in a series of progress payments as the work is cornpleted. Tf the insurance or condemnation proceeds are not sufficient to repair or restore the Property, 13orrower is not relieved of Borrow�r's obligation for the campletion of such repair or restUration. I.ender or its agent may make reasonable entries upon and insp�etions af the Property. If it has reasonabl� caus�, I.,ender may inspect the interior of the improv�.ments an the Property. Lender shall give Borrower notice at the tirne of ar prior to such an interior inspection specifying such reasonable cause. 8, Borrower's I.oap Application. Borrower shall be in default if, during the I.oan application process, Borrower c�r any persons or entities acting at the direction of Bo�rrr�wer or with Borrower's knowledge or a�n.sent gave materially false, misleading, or inaccurale inforn�ation ar statements to Lender (nr failed to provide Lender with material information) in connection with the I,aan. Material representations include, bu[ are nat limited to, representations conceming Borrower's occupancy af the Property as Borrower's principal residence. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFDRM INSTRUMEN '� �-6�NE) 1oe� i1 Page 7 of 15 in ais Form 3028 9I09