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�oioo7s5o <br />work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken <br />promptly. Lender may disburse proceeds for thc repairs and restoration in a single payrnent or in a series <br />of progress payments as the wark is completed. Unlcss an agrcement is made in writing ar Applicable Law <br />requires interest tp be paid an such insurance proceeds, I.cnder shall not be required to pay Borrower any <br />interest or earnings on such praceeds. Fees far public adjusters, ar other third parties, retained by <br />Borrower sha11 not be paid out of the insurance proceeds and shall be the sole obligation of Borrower. Tf <br />the restoration or repair is not economically feasible or Lender's security would be lessened, tb.e insurance <br />proceeds shall be applied to the sums secured by this Security Instrurnent, whether or not then due, with <br />the excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the order provided for in <br />Section 2. <br />Tf Bonower abandons the Property, I.ender may file, negotiate and settle any available insurance <br />claim and related matters. If $orrower dpcs npt respond within 3p days to a notice fram Lend�r that the <br />insurance carrier has offered ta settle a claim, then Lender may negotiate and settle the claim. Thc 3p-day <br />periad will begin when the notiCe is given. In eitheT event, or if Lender acquires the Property under <br />Section 22 or otherwise, Borrower hereby assigns to I,ender (a) Borrower's rights to any insurance <br />proceeds in an amount not to exceed the amounts unpaid under the Note or this Security Instrument, and <br />(b) any other of Borrower's rights (other than the right to any refund of unearned premiums paid by <br />Borrower) under all insurance policies covering the Property, insafar as such rights are applicable to the <br />coverage of the Properiy. I,ender may use the insurance proceeds either to repair or restore the Praperiy or <br />to pay arnounts unpaid under the Note or this Security Instrument, whether or not then due. <br />6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal <br />residence within 60 days after the execution of tl�is Security Instrument and shall continue to occupy che <br />Property as Borrower's principal residence for at least one yeaz after the date of occupancy, unless I.ender <br />otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating <br />circurnstances exist which aze beyond Borrower's control. <br />7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not <br />destroy, darnage or irnpair the Property, allow the Property to deteriorate or commit waste on the <br />Property. Whether or not Barrower is residing in the Property, Borrower shall rnaintain the Property in <br />order to prevent the Property from deteriorating or decreasing in va,lue due ta its candition. Unless it is <br />determined pursuant to Section 5 that repair or restoration is not economically feasible, Banawer shall <br />promptly repair the Property if damaged to avoid further deCerioraCion or damage. If insurance or <br />condernnation proceeds are paid in connection with damage to, or the taking of, the Property, Borrower <br />shall be responsible for repairing or restoring the Property only if Lender has released proceeds for such <br />purpases. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of <br />prvgress payments as the work is completed. If the insurance or condemnation proceeds are not sufficient <br />to repair or restore the Property, Bonower is nat relieved of Borrower's obligation for the cornpletion of <br />such repair or restoration. <br />Lender or its agent may make reasonable entries upon and inspections of the PlppErCY If it has <br />reasonable cause, Lender may inspect the interior of the irnprovernents on the Property. Lender shall give <br />Borrower notice at the time of or prior to such an interior inspection specifying such reasonable caus�. <br />8. Sorrower's Loan Application. Boarrower shaJl be in default if, during the Loan application <br />process, Borrower or any persons or entities acting at the direction of Bonawer or with Borrower's <br />knowledge or consent gave materially false, misleading, or inaccurate informatian ar statements to Lender <br />(or failed to provide Lender with material information) in connection with the Loan. Material <br />representations include, but are not liznited to, representations concerning Barrower's occupancy of the <br />Property as Borrower's principal residence. <br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFQRM INSTRUMENT <br />�-6(NE) 1oe t t 1 paae � of i 5 initiais: �� Form 3028 1/01 <br />� � <br />;�l� � l��4� r!'''! <br />