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2oioo�8�g work has been compl�ted to Lender's satisfaction, provided that such inspection shall be undertaken promptly, 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 int�rest to be paid on such insurance procaeds, Lender shall not be required to pay Sorrower 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 of Bonrawer. 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 Securiry Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such insuranc� proceeds shall be applied in the prder provided for in Section 2. Tf Borrower abandons the Property, 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 negatiate and settle the claim. The 30-day period will begin when the notice is given. ln either event, or if Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to I,ender (a) Borrower' s rights to any insurance proceeds in an amount nat to exceed the amounts unpaid under the Note or this Security 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 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 Properiy or to pay amounts unpaid under the Note or this Security Instrument, whether or nat then due. b. Occupancy. Borrower shall occupy, establish, and use the Froperty as Borrower'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 Lender otherwise agreea in writing, which consent shall not be unareasonably withheld, or ur►less extenuating circumstances exist which are beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shal] not destroy, damage or impair the Property, allow the Property to deteriorate or commit waste on the Property. Whether or not $orrower 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 condition. Unless it is deterrnined pursuant to Section 5 that repair or restoratian is not economically feasible, Borrower shall promptly repair the Properiy if damaged to avoid further deterioration or damage. If insurance or condemnatian praceeds are paid in connection wzth damage to, ar the taking of the Property, Sorrower 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 payament or in a series of progress payments as the wark is completed. If the insurance or cnndemnation proceeds are not sufficient to repair or restore the Property, Borrower is not relieved of Borrower's obligation for the coxnpletion 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 irnprovernents on the Property. Lender shall give Borrawer notice at the time of or prior to such an interior inspection specifying such reasonable cause. 8. Sorrower's Loan Applicatian. Borrower shall be in default if, during the Loan application prpcess, Borrower or any persons or entities acting at the direction of Barrower or with Borrower' s knowledge or consent gave materially false, misleading, or inaccurate information ar statements to Lender (or failed to provide Lender with nnaterial infprmation) in connection witta the Loan. Material representations include, but are not limited to, r�presentations concernin� Barrower's occupancy of the Property as Sarrower' s principal residence. 230$41 NEBRASKA - Single Family - Fannie M ae/Freddie M ac UNIFORM INSTRUM ENT ,�.,� / f�� �-6�1��) (0811) Page 7 of 15 Initiels j'/Igf�1 Form 3D28 1/07 � —.o �