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2oioo�s�7 work has been completed to Lender' s satis£action, provided that such inspection shall be undertalcen promptly. Lender may disburse proceeds fpr the repairs and restoratian in a single payment ar in a saries of progress payments 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 or �arnings on such proceeds. Fees for public adjusters, or ather third parties, retained by Sorrower shall not be paid out of the insurance proceeds and shall be the sole abligation of Borrower. If the restoration or repair is not economically feasible or Lender's security wvuld be lessened, the insurance proceeds shall be applied to the sums secured by this Security Instruznent, whether or not then due, with the excess, if any, paid to Sorrower. Such insurance proceeds shall be applied in the order provided for in Section 2. If Borrower abandons the Property, Lender may file, negotiate and settle any available insurance claim and related matters. If Borrower does not resppnd within 30 days to a notice from Lender that the insurance carrier has offered to settle a claim, then Lender znay negotiate and settle the claim. The 30-day period will begin when the notice is given. In either event, or if Lender acquires the Prvperty 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 tlae 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. I,ender may use the insurance proceeds �ither 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 Borrower's principal residence within 60 days after the execution of this Security Instrument and shall cantinue to occupy 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. Preservatian, M�intenance and Protection of the Property; Inspections. Bprrpwer shall not destroy, damage or impair the Property, allow the Property to deteriorate or commit waste �n the Property. Whether or not Sorrower is residing in the Property, Sorrower shall maintain the Prpperty 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 ar restoration is not econoznically feasible, Borrower shall proznptly repair the Property if damaged ta avpid further deterioration or damage. If insurance or condemnation proceeds are paid in connection with damage ta, or the taking of, the Property, Borrower shall be responsible for repairing or restoring the Property anly if Lender has released proceeda for such purposes. Lender may disburse proceeds for the repairs and restoratian in a single payment or in a series of progress payments as the work is completed. If the insurance or condernnation proceeds are not sufficient to repair or restore the Property, Borrower is not relieved of Borrqwer's obligation for the completion of such repair or restoration. Lender or its agent may make reasonable entries upon and inspections of the Property. I£ it has reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender shall give Borrower natice at the time of or prior to such an interior inspection specifying such reasonable cause. 8. Sorrower's Loan Application. Borrower 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 knowledge or consent gave materially false, misleading, or inaccurate informatian 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 Borrower' s occupancy of the Froperty as Borrower' s principal residence. 230935 NEBRASKA - Single Family - Fannie MaelFreddie Mac IINIFORM INSTRUMENT �-6(NE) �oeii� Page 7 oi 15 �nitials: _ Form 302$ 1107 �