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201Q07GG3 work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse proceeds for the repairs and resCoration in a sin�le payment or in a series of progress payments ae the work 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 tn pay Borrower any interest or earning5 on such proceeds. Fees for public adjusters, or other third parties, retained by Borrower shall not b� paid out of the insurance proceed5 and shall be the sole obli�ation oF Borrower. If the restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be applied tc> the sums secured by this Security Instrument, whether or npt then due, with the excess, if any, paid ta Borrower. Such insurance proceeds shall be applied in the order provided for in Section Z. If Borrower abandons the Property, Lender may file, negotiate and settle any available insurance clairn and related matters. If Bnrrower does not respond within 30 dayc to a notice from Lender that the insurance carrier has offered to tiettle a claim, Chen Lender may negotiate and settle the claim. The 3Q-day period will begin when the notice is given. In either event, or if Lender acquires the Property under Section 22 or otherwise, Borrower her�by 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 Securiry Instrument, and (b) any other nf Borrower's rights (other than the right to any refund of unaarn�d premiums paid by Borrower) under all insurance policies coverin� the Property, insofar as such rights are applicable to the coverage of tl�e Property. Lender may use the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the Note or this Security Insta whether or not then due. 6. Occupancy. Borrpwer sha11 occupy, establish, and us� the Property as Borrower's princ;ipal residence within 60 days after the execution of this Security lnstrument and shall continue to occupy the Property as Borrower's principal residence far at leasC 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 $orrower' s control. 7. Preservation, Maintenance and Protection of the Froperty; lnspections. Borrower shall not destroy, damage or impair the Property, allow the Property to deteriorate or cornmit waste on the Froperty. Whether or not Borrower is residing in the Property, Borrower shall maintain the Property in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that repair or restoration is not economically feasible, Sorrower shall promptly repair the Property if dama�ed to avoid further deterioration or damage. If insurance or condeznnation proceeds are paid in connection with damage to, or the taking af, the Property, Borrower shall be responsible for repairing or restoring the Property only if Lender has released proceeds for such purposes. Lender may disburse proceeds for the repairs and restoration in a sing1e payrnent or in a series of pro�ress payrnents as the work is completed. If the insurance or condemnation procaeds are not sufficient to repair or restore the Property, Borrower is not relieved of Borrower' s obligation for the completion of such repair or restoration. Lender or it5 agent may make reasonable entriea upon and inspections of the Property. If ii has reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender shall give Sorrower notice at the time of or prior to such an interior in5pection specifying such reasonable cause. 8. Borrower's Loan Application. $orrower shall be in default if, during the Loan application process, Borrower or any persons or entities acting at the direction of Sorrower or with Borrower' s knowledge or consent �ave materially false, misleadin�, 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 Prpperty as Borrower' s principal residence. 10-09-000018 NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INStRUMENT �-6(NE) �oei i� Page 7 0( 15 Initials: � �orm 3028 1/01 D