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20100792� wark has been completed to J...ender's satisfaction, provided that such inspection shall be undertaken prom�ptly. 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. Unless an agreement is rnade in writing or Applicable Law requires interest to be paid an such insurance proceeds, Lender shall not be required to pay Borrower any interest or earnings on such proceeds. Fees for public adjusters, or other third pacties, retained by Borrower shall not be paid out af the insurance proc�eds and shall be the sole obligation qf Borrower. If the restoration or repair is not ecvnomically feasible or Lender's security would be lessene�l, the insurance proceeds shall be applied to the sums secured by this Security Instrument, whether or noc then due, with the excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the arder 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 dces not respond within 30 days to a notice from Lender that the insurance carrier has offered to settle a claim, then Lender may negotiate and settle the claim. The 30-day period will begin when the notice is given. In either event, or if I.ender acquires the Property 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 Nate or this Security Instrument, az�d (b) any other of Barrower's rights (ather 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 proce�s either to repair or restore the Property or to pay amounts unpaid under the Note or this Security Instrument, whether or not then due. 6. Occupancy. Borrower shall occupy, establish, and use the Property as Bonrower'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 accupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonabiy withheld, or unless extenuating circumstainces exist which are beyond Borrower's control. 7'. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or impair the . Property, allow the Property to deteriorate or commit waste on the Property. Whether or not Borrower is residing in the Property, Borrower shall rnaintain the Property in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Pmperty if damageri ta avoid further deterioratipn or damage. If insurance or candemnation proceeds aare paid in connection with damage to, or the taking of, the Property, Borrower shall be responsible for repairing or restoring the Property only if Lender has released proc�tls far such purposes. Lender rnay disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. If the insurance or condemnation proceecis are not sufficient to repair or restore the Property, Borrower is not relieved of Borrower's obligation far the cornpletion of such repair or restoration. Lender or its agent may malce reasonable entries upon and inspections of the Property. Tf it has reasonable cause, Lender rnay inspect the interior of the improvements on the Property. Lender shall give Borrower notice at the tirne of or prior to such an interior inspection specifying such reasonable cause. 8. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, Borrower ar any persons or entities acting at the direction of Borrower or with Borrower's knowledge or consent gave materially false, misleading, or inaccurate infonnation ar statements to Lender (or failed to provide Lender with rnaterial informatian) in connection with the Loan. Material representations include, but are not limited to, representations concerning Barrower's occupancy of the Pmperty as Borrawer's principal residence. NEBRASKA - Single Family - Fannie MaelFreddia Mpc UNIFORM INSTRUMENT �-61NE) 1oa t t) PBge 7 Of 7 6 inrt�ais: -v ' Form 3028 7/0 7 ��►�1 ��1,3„ �