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2�100�879 work has been completed to L.ender's satisfactian, pmvided that such inspection shall be undertaken promptly. Lender may disburse proceeds for the repairs and restoration in a single payrnent or in a series of progress payments as the work is completed. Unless an agreernent is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, I.ender shall not be required ta 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 of Borrower, If the restoration or repair is nat ecanomically feasible or Lender's security wauld be lessened, the insurance proceeds shall be applied ta the sums se.cured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such insurance proceeds shall be appliai in the order provided for in Sectian 2. If Barrower abandons the Property, I,ender may file, negotiate and settle any a�ailable insurance claim and related matters. If Borrower does nat respond within 30 days to a notice from Lender that the insurance carrier has offered to settle a claim, then Lender rnay negotiate and settle the clairn. The 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) Borrower's rights to any insurance prac�eeds in an arnount 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 prerniurns paid by Bqrrower) 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 oar restore the Property or to pay amounts unpaid under the Note or this Security Instrurnent, whether or not then due. 6. Occupancy. Borrower shall occupy, establish, and use the Property as Borcower's principal residence within 60 days after the execution of this Security Instrurnent and shall continue to occupy the Pz�operty as Barrower's principal residence for at least one year after the date of occupancy, unless Lender othearwise agre�s in writing, which consent shall not be unreasanably withheld, or unless extenuating circuxnstances exist which are beyond Borrower's control. 7. Preservatxon, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or impair the Property, allow the Property to deteriorate or cornmit waste on the Froperty. Whether or not Borrower is residing in the Property, Borrower shall rnaintain the Property in order to prevent the Property from deteriorating ar decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that repair or restaration is not economically feasibl�, Barrawer shall promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds aze paid in conz�ection with damage ta, or the taking of, the Property $OTIOWBi shall be aresponsible for repairing or restoring the Property only if Lender has released proceeds for such purposes. I.ender may disburse proce�ds for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. If the ix�.surance or candemnation proceeds are not sufficient to repair or restore the Property, Borrower is not relieved af Borrower's obligation for the completian of such repair or restoration. Lender or its agent may make reasonable entries upon and inspections o� the Praperiy. If it has reasonable cause, Lender may inspe�t the int�riar of the irnprovernents on the Property. L,ender shall give Bonower notice at the tizne of or prior to such an interior inspection specifying such reasonable cause. $. Borrower's Laan 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 rnaterially false, misleading, or inaccurate information or statements to Lender (or failed to provide I�nder with rnaterial information) in connection with the Loan. Material represe�tations include, but are not lirnited to, representations concerning Borrower's occupancy of the Property as Borrower's principal residence. NEBRASKA - Single Family - Fannie Mae/Freddia Mac UNIFORM INSTI�UMEN7' �-B�NE) �osi �i Page 7 of 15 i��t�ais: Fprm 3028 7/01 � , �, � � E � 9 ;' .� � o, o, �