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2oioo�szo work has been cornpleted to Lender's satisfaction, provided that such inspection shall be undertaken promptly. I.ender rnay disburse proceeds far the repairs and rescoration in a single payment or in a series of progress payments as the work is completed. Unless an agrcement is made in writing or Applicable Law requires interest to be paid on such insurance procee�s, Lender shall not be required to pay Borrower any interest or earnings on such praceeds. Fees for public adjusters, or ocher third parties, retained by Borrower shall not be paid out of the insurance proc�eds and shall be the sale obligation of Borrower. If the restoration or repair is nat ecanomically feasible or Lender's security would be lessened, the insurance proceeds shall be applied to the sucns seeured by this Security Instrument, whether or not then due, with the exr,ess, if any, paid to Borirower. Such insurance procceds shall be applied in the order provided for in Section 2. If Borrower abandons the Property, I.ender may file, negotiate and settle any available insurance claim and related matters, If Borrower dces not respond within 30 days to a nptice from Lender that the insurance carrier has offered to settle a claim, then Lender rnay negotiate and settle the cladrn. The 30-day period will begin when the notice is given. In either event, or if Lender acquires the PropeRy under Section 22 or otherwise, Borrower hereby assigns ta Lender (a) Bonower's rights to any insurance proceeds in an amount not to excced the amaunts unpaid under the Note or this Security Tnstrument, 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 ta repair or restore the Praperty or to pay amounts unpaid under the Note or this Security Instnunent, whether or not then due. 6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within 6(1 days after the execution of this Security Instrument and shall continue to occupy the Praperty as Borrower's principal residence for at least one year after the date of accupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, ar unless extenuating circumstances exist which are beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or impair the Property, allow the Property to deteriorate or commit 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 value due to its condition. Unless it is deternuned pursuant to Section 5 that repair or restoration is not e�onomically feasible, Bonower shall prornptly repair the Praperty if damaged to avoid further deterioration or damage. If insurance or condernnation procceds are paid in connection witlx 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 single payrnent or in a series of progress payrnents 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 rnake reasonable entries upon and inspectians of the Property. If it has reasonable cause, Lender may inspect the interior of the irnprovements on the Property. Lender shall give Borrower notice at the tirne of or prior to such an interior inspection specifying such reasonable cause. 8. Sorrawer's Loan Application. Borrower shall be in default if, during the Loan application process, Barrower or any persons or entities acting at the dir�ction of Borrower or with Borrower's knowle�ge or consent gave xnaterially false, misleading, or inaccurate inforniation or statements to Lender (or failed to provide Lender with rnaterial infonnation) in connection with the Loan. Mate�ial representations include, but are nat lirnited to, representations concerning Borrower's occupancy of the Property as Borrower's principal residence. NEBRASKA - Single Family - Fannte Mae/Freddie Mac UNIFORM INSTRUMENT �-61NE) 1oet11 Ps�e � of t5 inictais: Form 3p28 1/01 � j � � { + ' �-� f ,� � V' �