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201007869 work has be�n completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse proceeds for the repairs and restoration in a single payrnent or in a se�ies of progress payments as the wark is cornpleted. Unless an agreement is made in writing or Applicable I,aw requires interest to be paid on such insurance proceeds, Lender shall not be required to pay Borrower any interest or earnings on such prpce�tls. Fees for public adjusters, or other third parties, retained by Borrower shall not be paid aut of the insurance proceeds and shall be the sole obligation of Borrower. If the restoration or repair is not economically feasible or I.ender's security would be less�ned, the insurance proceeds shall be applied to che sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such insurance proce�ds shall be applied in the order provided for in Section 2. If Boz7rower abandons the Property, Lender rnay �le, negotiate and settle any available insurance claim and related matters. If Barrower does not respond within 3� days to a notice frorn Lender that the insurance carrier has offered to settle a clairn, then Lender may negotiate and settle the claim. Tbe 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) Barrower's rights to any insurance proceeds in an am�ount not 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 rnay use the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the Note or this Security Instn�ment, whether ar not then due. 6. Occupancy. Borrower shall occupy, establish, and use the Property 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 af occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably wittaheld, ar unless extenuating circumstances exist which are beyond Borrower's control. 7. Preservatlon, Mainteuance and Prptection of the Property; Inspections. Borrower shall not destroy, daznage or impair the Praperty, allow the Property to deteriorate or commit waste on the Property. Whether or not Borrower is residing iui the Property, Borrower shall maintain the Praperty in arder ta prevent the PropeRy from deteriorating or deczeasing in value due to its condition. Unless it is deternxined pursuant to Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or condernnation proceeds are paid in conne�tion with damage to, or the taking of, th� Property, Borrower shall be responsible for repauring or restaring the Property only if Lender has released proceeds for such purposes. Lender ma,y disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is cornpleted. If the insurance or condemnatian proceeds are not sufficient to repair or restore th� Property, Borrower is not relieved of Borrower's obligation for the completion of such repair or restoratian. Lender or its agent may rnake reasonable entries upon and inspectians of the Property. If it has reasonable cause, I.ender may inspect the interior of the improvennents on the Property. Lender shall give Borrower notice at the tnne af or prior to such an interior inspection specifying such reasonable cause. S. Borrower's Loan Application. Borrower shall be in defauit if, during the Loan application process, Borrower or any persons or entities acting at the direction of Borrower or with Borrower's lrnowledge or consent gave materially false, misleading, or inaccurate inforn�ation or statements to Lender (or failed to provide Lender with material infonnnation) in connection with the Loan. Material representations include, but aze not limited to, representatior►s concerning Borrower's occupancy of the Property as Borrower's principal residence. NEBRASKA - 5ingle Family - Fannie MaelFreddia Mac UNIFQFiM INSTRUMENT �-B(N�) �oai i� PBge 7 of 15 imtiais: Form 3028 1/01 ' V , � � � y ' , , , � .� I