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2oloo�s74 work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender rnay disburse proceeds for the repairs and restoration in a single payment or in a series of progress payrnents as the work is completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not be required to pay Borrower any interest ar earnings on such proceeds. Pees for public adjusters, pr other third parties, retained by Barrower shall not be paid out of the insurance praceeds and shall be the sole 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 provided for in Section 2. If Borrower abandons the Property, Lender rnay file, negotiate and settle any available insurance claim and related matters. If Borrawer does not respond within 3p days to a notice from Lender that the insurance carrier has offered to settle a claim, then Lender may negotiate and settle the clairn. The 30-day period will begin when the notice is given, In either event, or if Lender acquires the Praperty under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount 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 1'roperty. L,ender may use the insurance proc�eds either ta repair or restore the Property or to pay arnounts unpaid under the Note or this Security Instrurnent, whether or not then due. 6. Occupancy. Barrawer shall occupy, establish, and use the Property as $orrower's principal residence with.in 60 days after the execution of this Security Instrument and shall continue ta accupy the Property as Borrower's principal 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 extenuating circumstances exist which are beyond Borrower's control. 7. Preservation, Maintenance and Pratection of the Property; Inspections. Borrower shall not destroy, damage or impair the Property, allow the 1'roperty to deteriorate ar cornrnit vvaste 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 due to its condition. Unless it is deternuned pursuant to Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repaur the Praperty if damaged to avoid further deterioration or damage. If insurance or cpndemnatian proceeds are paid in cannection with damage to, or the taking of, the Property, Borrower shall be responsible for repairing or restoring the Froperty only if Lender has released proceeds for such purposes. Lender may disburse proceeds for the repairs and restaration in a single payment or in a series of progress payments as the work is completed. If the insuran.ce or condemnation proce.�ds aze nat sufficient to repair or restore the Property, Borrower is not relieved of Borrower's obligaCion for the completion of such repair or restoration. I,ender or its agent may make reasanable entries upon and inspections of the Property. If it has reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender shall give Barrower notice at the time af or prior to such an interior inspection specifying such reasonable cause. $. Borrower's Loan Application. Borrower shall be in default if, during the Lnan 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 information or statements to Lender (or failed to provide Lender with material information) in connection with the Loan. Material representations include, but are not limited to, representations concerning Barrower's occupancy of the Property as Borrower's principal residence. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMEN7 � �-B�NE) �oai i� Page 7 of 18 inic�ais: Form 3028 1/01 � , t� }� (� � �" w. A