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2010075�4 work has been completed to I.ender's satisfaction, provided that such inspecCion shall be undertaken prornptly. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payrnents as the work is completed. Unless an agreernent is rnade in writing ar Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not be required to pay Barrawer 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 restaration ar repair is not economically feasible ar Lender's security would be lessened, the insurance proceeds shall be applied to the sums secured by this Security Instruxnent, 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. If Borrower abandons the Property, Lender may file, negotiate and settle any available insurance claim and related matters. If Borrower does not respond within 30 days to a notice from Lender that the insurance carrier has offered to settle a clairn, then L.�nder rnay negotiate and settle the ciaim. The 30-day period will begin when the notice is given. In either event, or if Lender acquires the Property under Seetion 22 or otherwise, Barrower hereby assigns to Lender (a) Borrower's rights to any insurance proceeds 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 unearne� premiurns paid by Borrower) under all insuarance palicies covering the Property, insofaz as such rights are applicable to the coverage of the Property. I.end�r may use the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the Note or this Seeurity Instnunent, 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 Instrurnent and shall continue to occupy the Property as Borrower's principal residence for at least one year after the date of occupancy, unless Lender atherwise agrees in writing, which consent shall nat be unreasonably withheld, or unless extenuating circumstances exist which are beyond $orrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or irnpair the Property, allaw the Properiy to deteriorate or commit waste on the Property. Whether or not Borrower is residing in the �roperty, Borrower shall rnaintain the Property in order to prevent the Pmperty frorn deteriorating or decreasing in value due ta its condition. Unless it is determined pursuant to S�ctian 5 that repair or restoration is not economically feasible, Borrower shall prornptly repair the Property 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 proce�s for such purposes. Lender may disburse proce�cis far the repairs and restoration in a single payment or in a series of progress payments as the wark is complete�i. If the insurance or condemnation proce�s aze not sufficient to repair or restore the Property, Borrower is not relieved of Borrower's obligation for the campletion of such repair or restoration. Lender or its agent may make reasonable entries upon and 11]S�1CCt10I1S Of t11E Property. If it has reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender shall give Borrower notice at the time of ar prior to such an interior inspection specifying such reasonable cause. 8. Barrower's Loan Application. Borrower shall be in default if, during the Loan application process, Borrower or any persons or entities acting at the direction af Borrower or with Borrower's lrnowledge ar consent gave materially false, misleading, or inaccurate information or statements to I..ender (or failed to provide Lender with material information) in connection with the 7.oan. Material representations include, but are not limited to, representations concerning Borrower's occupa�ncy of the Praperty as Borrower's principal residence. NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT �-6�NE) (08� i) Page 7 of 15 inn�ais: Form 30Z8 1l01 � ' ,� '' f, ,� � r r �.