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2014��7�� work has been campleted to Lender's satisfaction, provided that such inspection shall be undertaken pramptly. 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 made in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shall nat be required to pay Borrower any znterest or earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Borrower shall not be paid out of the insurance proceeds and shall be th� sale obligation of Borrower. If the restoration or repair 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 nat then due, with the excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the order provid�d for in Section 2. If Borrower abandons the Property, Lender rnay file, negotiate and settle any available insurance claim and related xnatters. If Borrower does not respond within 3p days to a notice from Lender that the insurance carrier has offered to settle a claim, then Lender may negotiate and settle the clairn. The 30-day period will begin when the notice is given. In either event, or if Lender acquires the Property under Section 22 or 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 ather af Borrawer's rights (other than the right to any refund of unearned premiums paid by Barrower) under all insurance palicies covering the Property, insofar as such rights are applicable to the coverage of the Property. I.ender may use the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under ths Note ar this Security Instrument, whether or not then due. 6. Occapancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within 60 days after the execution of this Security Tnstrument and shall continue to occupy the Froperty as Borrower's principal residence for at least one year a�ter 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 Borrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borirower shall not destroy, damage pr impair the Property, allow the Property to deteriorate or commit waste on the Property. "VJhether or not Borrower is residing in the Property, Borrower shall maintain the Property in order to prevent the Property frorn deteriorating or decreasing in value due to its condition. LTnless it is detemuned pursuant to Section 5 that repair or restoration is not economically feasible, Borcower sha11 promptly repair the Properiy if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in connection with daznage to, or the taking af, the Property, Borrower shall be responsible for repairing or restoring the Property only if Lender has released proce�ds for such purposes. Lender rnay disburse proceeds for the repairs and restoration in a single payznent or in a series of progress payments as the work is completed. If the insurance or condemnation proceeds are not suf�'icient to repair ar restore the Praperty, Borrower is not relieved of Borrower's obligation for the connpletion of such repair or restoration. Lender 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 Property. Lender shall give Borrawer notice at the time of or prior ta such an interior inspection specifying such reasonable cause. 8. Borrawer's Loan Application. Borrower shall be in default if, during the Loan application procass, Borrower or any persons or entities acting at the direction of Borrower or with Borirower's knowledge or consent gave mat�rially false, misleading, ar inaccurate information or statements to Lender (or failed to provide L,ender with material information) in cannection with the Loan. Material representations include, but are not limited to, representations cancerning Borrower's occupancy of the Property as Borrower's principal residence. NEBRASKA - 5ingle Family - Fannie Mae/Fraddie Mac UNIFORM INSTRUMENT �-6(NE) 1o8t t1 Page 7 of 15 in�t�ais:,� Form 302$ 9I09 � ,^ Ly(J ,;w � ii? ' .. .