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20104�825 work has been completed ta Lender's satisfaction, provided that such inspe�tion shall be undertaken promptly. Lender may disburse proceeds for the repairs and restoration in a single payxnenc or in a series of progress payments as the wark is complete�. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such in�surance proceeds, Lender shall not be required to pay Borrower any interest or earnings on such proceeds. Fees for public adjusters, ar other third parties, retained by Borrower shall not be paid out of the insurance proceeds and shall be the sple 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 not then due, with the excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the order pravided for in Section 2. If Borrower abandons the Property, Lender rnay file, negotiate and settle any avaalable inswrance claixn and related matters. If Bprrowcr does nat respond within 30 days to a notice from Lender that the insurance carrier has offered ta settle a claim, then I..�nder may negotiate and settle the claim. The 30-day period will begin when the notice is given. In either event, or if Lender acquires the Property under Se�tion 22 or otherwise, Borrawer hereby assigns to Lender (a) Borrower's rights to any insurance procceds in an amount not to excee� the amounts unpaid under the Note or this 5ecurity Instrument, and (b) any ather af Borrower's rights (other than the right ta any refund of unearne�i prezaniwnns paid by Barrower) under all insurance policies cavering the Property, insofar as such rights 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 then due. b. Occupancy. Borrower shall occupy, establish, and use the Property as BoaGr�wer's pr�ncipal residence within 60 days after the exeeution of this Security Instnunent and shall continue to occupy the Property as Borrawer's principal xesidence for at least ane year after the date of occupancy, uxiless I.ender otherwise agre�s in writing, which cansent shall npt be unreasonably withheld, or unless extenuating circunnstances exist which are beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspectinns. Borrower shall not destroy, damage or impair the Property, allow the Property to deteriorate or cammit waste on the Property. Whether or not Borrower is residing in the Property, Borrower shall maintain the Praperty in order to prevent the Property from deteriorating or decreasing in value du� to its condition. Unless it is deternuned pursuant to Section 5 that repair or restoration is not economically feasible, Bonawer shall prarnptly repair the Property if damaged to avoid further deterioration or damage. If insurance ar condemnatian praceeds are paid in connection with damage to, or the taking of, the P�roperty, Borrower shall be responsible far repairing or restoring the Property only if Lender has released proceads for such purposes. Lender may disburse praceeds for the repairs and restoration in a single payment or in a series of progress paymencs as the work is completed. If the insurance or condernnation proceeds are not sufficient to repair nr restore the Property, Borrower is not relieved of Borrower's obligation for the campletion of such repair or restoration. Lender or its agent rnay make reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender may inspect the interior of the improvernents on the Property. Lender shall give Sorrower notice at the time of or prior to such an interior inspection sp�ifying such reasonable cause. 8. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, Borrower or any persons or entities aeting at the direction of Borrower or with Borrower's knowledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material information) in conneccion with the Loan. Material representations include, but are not limited to, representations concerning Borrower's occupancy of the Property as Borrower's principal residence. NEBRABKA - Single Family -�annia Mae/Freddie Mac UNIFORM INSTRUMENT �� �-61NE) 108111 Pape 7 of 16 in�t+ais: Form 3028 1/07 , a , � `. � .` .