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2oioo��7� work has been cornpleted to I.ender's satisfaction, provided that such inspection shall be undertaken prornptly. Lender rnay disburse proceads for che repairs and restoration in a single paynnent ar in a series of progress payrnents as the work is completed. Unless an agreement is rnade in writing or Applicable Law requires interest ta 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 tturd parties, retained by Borrower shall not be paid out of the insurance proceeds and shall be the sole obligation of Borrovver. If the restoration or repair is not economically feasible or J..ender's security would be lessened, the insurance proce�ds 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. If Borrower abandons the Property, Lender may file, negotiate and settle any available insurance claim and related rnatters. If Borrower dces not respond within 30 days to a notice from Lender that th� insurance canier has offered to settle a claim, then Lender may negatiate and settle the claim. 'I't�e 30-day period will begin when the notice is given. In either event, or if I.ender acquires the Property under Se�tion 22 or otherwise, Borrower hereby assigns to I.ender (a) Barrower's rights to any insurance proceeiis in an amount not to exceed the amounts unpaid under the Note or this Security Instrurnent, and (b) any ott►er 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 ar restore the Property or to pay amounts unpaid under the Note or this Security Instn�ment, whether or not then due. 6. Occapancy. Borrower shall occupy, establish, and use the Praperty 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 agre�s in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which aze beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Barrawer shall not destroy, darnage or impair the Property, allow the Property to deteriorate or commit waste on the Properiy. Whether or not Borrower is residing in the Property, Borrawer shall maintain the Property in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is deternuned pursuant to Section 5 that repair or rescoration is not economically feasible, Borrower sha�l prornptly repair the Property if damaged to avaid further deterioration or damage. If insurance or condemnation proceeds are paid in connection with daz�nage to, or the taking of, the Property, Borrower shall b� responsible for repairing or restoring the Property only if Lender has released proceeds for such purposes. Lender may disburse procceds for the repairs and restoration in a single payment or in a series of progress payznents as the work is completed. If the insurance ar condemnation proceeds are not sufficient to repair or restore the Property, �orrower is not relieved of Bonower's obligation for the completion of such repair pr restaration. Lender or its agent may make reasonable entries upon and inspections of the Prap�rty. 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 spe�ifying such reasonable cause. S. Borrower's Loan Applicatlon. Borrower shall be in default if, during the Loan application process, Borrower ar any persons or entities acting at the direction of Barrower or with Borrower's knowledge or consent gave rnaterially false, misleading, or inaccurate infarmatian or statements to Lender (or failed to provide Lender with material information) in connection with the Loan. Material representations include, but aze not limited to, representations concerning Barrower's occupancy of the Property as Borrower's principal residence. NEBRASKA � Single Family - Fannie Mae/Freddie Mac UNIFpFtM INS7RUME �-6(NE) �oa� i� Page 7 of 16 inic� : �. Farm 3028 7/01 m 4 y� �i • t" , m