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��`)� work has been completed ta Lender's satisfaction, provided that such inspection shall be undertaken promptly. �,ender may disburse proceeds for the repairs and restoration in a single payment ar in a series of progress paytnents as the wark is completed. Unless an agreement is made in writing or 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 adjusCers, ar other third parties, retained by Borrower shall not be paid ouC of the insurance proceeds and shall be the sole abligation af Borrower. If the restoration or repair is not economically feasible or Lender's secuxity would be lessened, the insurance proceeds shall be applied to the surns secured by this Security Instrum�ent, whether or not then due, with the excess, if any, paid to Borrawer. Such insurance proceeds shall be applied in the order provided for in Section 2. If Borrower abandox►s the Property, Lender rnay file, negotiate and settle any available insurance claim and related matters. If Borrower does not respond witk►in 30 days to a notice from Lender that the insurance carrier has offered to settle a claim, then Lender znay negotiate and settle the claim. The 30-day period will begin when the notice is given. In either evenC, or if Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights to any insuz'ance proceeds in an arnount not Co 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 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 Froperty or to pay amounts unpaid under the Note or this Security Instrurnent, whether or not then due. 6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within 60 days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower's principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or impair the Property, allow the Property to deteriorate or commit waste on the Property. Wk�ether or not Borrower is residing in the Prope�ty, Borrower shall maintain the Property in order to prevent the Property from deteriorating ox decreasing in value due to its candition. Unless it is determined pursuant to Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration ar daznage. If insurance or condemnation proceeds are paid in connection with damage to, or the taking of, the Property, Borrower shall be responsible for repairiang 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 pragress payments as the work is cornpleted. If the insurance ox condemnation proceeds are nat sufficient to repair or restare the Property, Barrower is not xelieved of Borrower's obligation for the completion of such repair or restoration. Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender may inspect the interior of the irnprovements 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 Loan Application. Borrower shall be in default if, during the Loan application process, Borrower or any persons or entities acting at the direction of Borrower or with Borrawer's knowledge or consent gave materially false, misleading, or inaccurate in�ormation or statements to Lender (or failed to provide Lender with material information) 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. 2200058545 D V6ANE NEBRASKA - Single Family - Fanni9 Mae/Freddie Mac UNIFQRM INSTRUMENT WITW MER �-6A�NE) losto) Page 7 of 15 Initials: � Form 3U28 1l09 � r 1��