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�olou�s2� 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 completed. Unless an agreement is xnade 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 prqceeds. Fees for public adjust�rs, or other third parties, retained by Borrower shall not be paid out of the insurance proceeds and sha11 be the sole obligation of Borrower. If the restoration or repaix 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 tha order pravided for in Section 2. If Borrvwer abandons the Property, Lender may file, negotiate and settle any available insurance claim and related matters. If Barrower does not respond witbin 30 days to a notice from Lender that the insurance carrier has offerEd to settle a claim, then Lender may negotiate and settle the claim. The 30-day period v✓ill begin when the notice is given. Tn either event, or if Lender acquires the Property under Section 22 ar otherwise, Borrower 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 Instrurnent, 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 xestore the Property or to pay amounts unpaid under fhe Note or this Security Instrument, whether or not then due. 6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower' s principal residencc 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 atherwise agrees in writing, which consent sha11 not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrawer shall not destroy, damage or impair the Property, allow the Froperty to detcriorate or cammit waste on the Property. Whether or not Borrower is residing in the Property, Borxower shall maintain the Praperty in order to prevexat the Property from cieteriorating or decreasing in value due to its candition. Unless it is deter�xiined pursuatit to Section S that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioratian or damage. If insurance or condemnation praceeds are paid in connection with damage to, or the taking of, the Property, Borrower shall be responsible for repaaring or restorin� the Property only if Lender has released proceeds for such purposcs. 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. If the insuraaxce or condemnation procee�ls are not sufficient to repair ar restore the Froperty, Borrower is not relicved of Borrower's obligatian for the completion of such repair or restoration. Lender ox its agent may malce reasonable entries upon and inspections of the Praperty. If it has reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender shall give Borrawer notice at the time of or prior to such an interior inspection specifying such reasonable cause. 8. Borrower's Lnan Application. Borrower shall be in default if, during the �,oan application process, Borrower ar any persons or entities acting at the direction of Borrower or with Borrower's knowledge or consent gave materially false, misleading, or inaccurate information ar statements to Lender (or failed to provide L.ender with material infarmation) in cannection with the Loan. Material representations include, but are not lirnited to, representations concerning Borrower's occupancy of the Prpperty as Barrowcr's principal residence. $800885775 8800885775 NEBRASKA - 5ingle Family - Fannie MaelFreddle Mac UNIFORM INSTRUM�NT WITH ME �-6A�NH)�oeio� Page7af15 i�;�;ei�: Form3028 1/07 � ��