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�[110()'7G94 work has been completed to Lender's satisfaction, pravided that such inspection shall be andertaken pramptly. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of pragress payments 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 nn such proceeds. Fees fpr puhlic adjusters, ar other third parties, retained by Borrower shall not be paid out of the insurance proceeds and shall be the snle obligation of Bnrrower. If the restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds sha11 be applied to the sums secared by this 5ecurity Instrument, whether or not then due, with �the excess, if any, paid to Borrower. Such insurance prqceeds shall be applied in the order provided for in Section 2. If Borrower abandons the Properry, Lender may �ile, negotiate and settle any available insnrance clairn and related matters. If Borrower does nnt respond within 30 days to a notice from Lender that the insurance carrier has offered to settle a claim, then Lender may negotiate and setde the claim. "1"he 30-day period will begin when the nokice is given. In either event, or if Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's ri�hts to any insurance proceeds in an amount ndt to exceed the amounts anpaid under the Nate or this Security Instrument, and (p) any other of Borrower's rights (other than the right to any refund of unearned premiums paid hy Borrower) under all insurance policies covering the Property, insofar as such rights are applicable to the coverage of rhe Property. Lender may use the insnrance proceeds either tn repair or restare the Property or to pay amounts unpaid under the Note or this Security Instrument, whether or not then due. 6. Occupa�ncy. Borrower shall occupy, establish, and use the Property as Snrrower's principal residence within 60 days after the execation of this 5ecurity Instrument and shall continue to occnpy the Property as Borrower's principal residence for at least one year after the date of occupancy, unless [.ender atherwise agrees in writing, which cansent shall not be unreasonably withheld, or unless extenuating circurnstances exist which are beyond Borrowez�'s cnntrol. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrnwer shall not destroy, damage or impair the PropeRy, allow the Property to deteriorate or comrnit waste on the Property. 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 valpe due to its condition. Unless it is determined pursuant to Section 5 that repair ar restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid fprther deterioration or damage. If insurance ar condemnation proceeds are paid in connectinn with damage to, or the taking nf, 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 single payrnent or in a series of progress payments as the work is completed. If the insurance or condemnation proceeds 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 its agent may make reasonable entries npon and inspecdons of the Property. If it has reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender shall give Borrower nqtice at the time of or prior to such an interior inspection specifying such reasonable cause. 8. Borruwer's Loan Application. Borrower shall be in default if, during the Loan application process, Borrower or any persans or entities acting at the directian of Borrower ar with Borrower's knowledge or consent gave materially false, rnisleading, or inaccurate infor�nation 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 Prnperty as Borrower's principal residence. 001122166041 CitiMortgage 3.2.41.OS V3 NESRASKA - Single Family - Fannie Mae/Freddle Mac UNIFORM INSTI�JMBJT WI�� �-BA(N� (osto) Page 7 oi �5 ��itre�s oml 3028 1/01