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2oloo�s�� work has been coxnpleted to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender xnay disburse proceeds for the repairs and restoration in a single payment or in a series of progress payxnents as the work is completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid an such insurance proceeds, Lender shall not be required to pay Borrower any interest 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 the sole obligation qf Eorrower. If the restoration or repair is not economically feasible ar 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 provided for in 5ection 2. If Borrower abandons the Praperty, Lender may file, negotiate and settle any available insurance claim and related matters. 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 notica is given. In either event, or if Lender acquires the Property under Section 22 or otherwise, Boxrower hereby assigns to Lender (a) Borrower's rights to any insurance praceeds in an amount not to exceed the amounts unpaid under the Note or this 5ecurity Insmunent, and (b) any other of Borrower' s ri�hts (other than the right to any refund of unearned premiums paid by Borrower) under all insurance policies cavering the Property, insofar as such rights are applicable to the coverage af the Property. Lender may use the insurance proceeds either to repair or restore the Properiy or to pay amounts unpaid under the Note or this Security Instxurnent, whether or not then due. 6. Oecupancy. Borrower shall occupy, establish, and use the Properiy as Boxx'ower' s principal residence within 60 days after the execution of this Security Instrument and shall continue to accupy the Property as Borrower' s ptincipal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuatin� circumstances exist which are beyond Sarrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or nnpair the Property, allow the Property to deteriorate or commit waste on the Property. Whether or not Borrower is residing in the Property, Bonower shall maintain the Property in order to prevent the Property from deteriorating or decreasing in value due tp its candition. Unless it is determined pursuant to Section 5 that repair or restoratian is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration ar dannage. If insurance or condemnation proceeds are paid in connection with damage to, or the taking of, the Property, Barrower shall be responsible for repairing or restoring the Property only if Lender has released proceeds for such purposes. Lender may disburse prpceeds for the repairs and restoration in a single payment or in a series of pragress payments as the wark is compl�ted. If the insurance or condeznnation praceeds are not sufficient to repair or restore the Property, Borrower is not relieved of Borrower' s abligation for the completion of snch repair or restoration. Lender or its agent may make reasonable entries upon and inspectinns of the Property. If it has reasonable cause, Lender may inspect the interiar of the improvements on the Property. Lender shall give Bozrower notice at the t'vne of or prior to such an intarior inspection specifying such reasanable cause. $. Borrower's Loan Applieatian. Sorrower shall be in default if, during the Loan application process, Borrower or any persons or entities acting at the direction of Borrower or with Borrower' s knpwledge or consent gave materially false, rnisleading, or inaccurate information or statements to Lender (or failed to provide Lender with material information) in connection with the Loan. Material representations include, but are not lixnited to, representations concerning Boanrower' s occupancy of the Property as Borrower' s principal residence. 230929 NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT� n,/J , � �-s�N�) (0811) Pa0e7 of 15 Ini � ��{�C� V✓ Form 3028 1101 �