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20100773w work has been cornpleted to Lender's satisfaction, provided that such inspection shall be undertaken prornptly. Lender may disburse proceeds for the repairs and restoration in a single payrnent or in a series of progress payrnents as the work is completed. Unless an agreement is rnade in writing or Applicable Law requires interest to be paid on such insurance proceeds, L,ender shall nat be required to pay Borrower any interest or earnings on such proceeds. Fees for public adjusters, or ather third parties, retained by Borrower shall not be paid out of the insurance praceeds and shall be the sole obligation of Borrower. If the restoration or repair is not economically feasible or Lender's security would be lessened, the insurance praceeds 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 clairn and related rnatters. If Borrower does not respond within 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 will begin when the natiCe is given. In either event, or if L.ender acquires the Property under Section 22 or otherwise, Borrpwer hereby assigns to I.ender (a) Borrower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid under the Note or this 5ecurity Instrument, 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 Propexty, insofar as such �ights are applicable to the coverage of the 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 Instrument, whether or not chen due. 6. Occupancy. Borrower shall occupy, establish, and use the Property as Borcower'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 L,�nder otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower's control. 7. Preservation, Maintenance and Pratection oF the Property; Inspections. Borrower shall not destroy, damage or impair the Praperty, allaw the Property to deteriarate or commit waste on the Property. Whether or not Borrower is residing in the Property, Borrower sha11 maintain the Property in order to prevent the Property from deteriorating or decreasing in value due to its conditian. Unless it is determined pursuant to Section 5 that repair or restoration is not economically feasible, Borrower sha11 promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or condecnnation proceeds are paid in connection with damage ta, or the taking of, the Property, Borrower shall be respansible for repairing ar restoring the Property only if I.ender has released proceeds for such purpases. I.ender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. If the insurance or condemnation proceeds are nat suf�cient to repair or restore che Property, Borrower is not relieved of Borrower's obligation far the completion af such repair or restoration. Len.der or its agent may make reasonable entries upon and inspections of the Property, If it has reasonable cause, Lender may inspect the interior of the improvements on the Froperty. Lender sha11 give Borrower notice at the time of or prior to such an interior inspection specifying such reasonable cause. 8. Borrowec's Loan Application. Borz�ower shall be in default if, during the Loan application process, Borrower or any persons or entities acting at the direction of Borrawer or with Borrower's knowledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide I.ender with material information) in connection with the Loan. Material representations include, but are not limited to, representations conc�rning Borrower's occupancy of the Property as Borrower's principal residence. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INS7RUMEN7 �-6�NE►loettl Page7oflS inicisis: � Form3028 7/01 � � , M � F ' � „ ., ,