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20�00�954 work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the wprk 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 &�rrower any interest. or earnings on such prviceeds. Fees for public adjusters, or other third parties, retained by Borrower shall not be paid aut of the insurance proceeds and sha11 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 surns secured by this Securaity Instrurnent, 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 Froperty, Lender rnay file, negotiate and settle any available insurance clairn and related matters. lf Borrower does 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 wi11 begin when the notice is given. In either event, or if T.ender acquires the Property under S�etion 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower' s rights to any insurance pmceeds in an amount not Co exceed the amounts unpaid under the Note or this Security Instrument, and (b) any ather of Borrower's rights (other than the right to any refund of unearned pramiums paid by Borrower) under all insurance policies covering the Property, insofar as such rights are applicable to the coverage of the Prop�rty. Lender may use the insurance proceeds either to repair or restore the Property ar to pay amounts unpaid under the Note or this Securiry Instrument, whether or not then due. 6. 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 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 nvt be unreasonably withheld, ar unless extenuating circumstances exist which are beyond Borrower's contral. 7. Preservation, Maintenance and Protection of the Property; Inspections. Barrawer shall not destroy, damage or impair the Property, allow the Praperty to deteriorate or comnait waste an the Property. Whether ar not Bvrrower is residing in the Property, Borrower shall maintain the Property in order to prevent the Praperty frorn deteriarating or decreasin� in value due to its condition. Unless it is determined pursuant to Section 5 that repair or restoration is not econamically feasible, Borrower shall. promptly repair the Properiy if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in cannection with damage to, or the taking of, the Property, Borrower shall be responsible for repairing or restoring the Property only if Lender has released proceeds for such purposes. Lender may 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 proceeds are npt sufficient to repair or restore the Property, Borrower is not relieved of Borrower' s obligation for the coxnpletipn of such repair or restoration. Lender or its agent may make reasonable entries upaan and inspections of the Froperty. If it has reasonable cause, Lender rnay inspect the interior of the improvements pn the Property. Lender shall give Borrower notice at the time of or prior to such an interior inspection specifying such reasonable cause. 8. Sorrower's Loan Applic�tion. Borrower shall be in default if, during the Loan application process, Borrower or any persans or entities acting at the direction of Eorrower or with Borrower's knowledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with rnaterial information) in connection with the Loan. Material representations include, but are not limited ta, representations concerning Sorrower's occupancy of the Property as Borrower' s principal residence. 230945 NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT �-6(NE)(os�� Pege7of15 Initials: � Form3028 1/01 �