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2oioo�9ss work has been completed to Lender's satisfaction provided that such inspection sha11 be undertaken promptly. Lender rnay disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is cornpleted. Llnless an agreernent is nnade in writing or Applicable L,aw rec�uires interest to be paid on such insurance proceeds, Lender shall not be required to pay Barrower any interest or earnings on such procee�is. Fees for public adjusters, or other third parties, retained by Borrower shall not be paid out of the insurance proceeds and sha11 be the sole obligation of Borrower. If the restoration or repair is not economically feasible or I.ender's security would be lessene�i, the insurance proceeds shall be applied to the sums secured by this Security Instniment, whether or not then due, with the excess, if any, paid to Borrower. Such insurance proceads shall be applie� 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. Tf Borrower does not respond within 30 days to a notice from I.ender that the insurance carrier has offered to settle a claim, then I.ender rnay negotiate and settle the claim, 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 ta Lender (a) Borrawer's rights to any insurance proceeds in. an amount not to exceed the amounts unpaid under the Note or this Security Instrurnent, 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 either to rEpair or restore the Property or to pay amaunts unpaid under the Note or this Security Instrurnent, whether or not then due. b. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residenr�e 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 occupancy, unless Lender otherwise agre�s in writing, which consent shall not be unreasonably withheld, or wGiless extenuating circuxnstances exist which are beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower sha,ll not destroy, damage or impair the Property, allow the Property to deteriorate ar commit waste an the Property. Whether or not Borrower is residing in the Property, Borrower shall maintain the Property in arder to prevent the Property from deteriorating or de�reasing in value due to its condition. Unless it is determined puursuant to Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration ar darnage. Tf insurance or condennnation proceeds are paid in connection with damage to, or the taking af, the PropeRy, Barrower shall be responsible for repairing or restoring the Property only if Lender has released proceeds for such purposes. Lender may disburse proc�ds for the repairs and restaration in a si�ngle payment or in a series of pragress payments as the work is completed. If the insurance or condemnation proceeds are not sufficicnt to repair or restore the Property, Borrower is not relieve�i of Borrower's obligatian for the completion of such repair or restoration. L�nder or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender nnay 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. $. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, Borrower or any persons or entities acting at the directian of Borrower or with Borrower's lrnawledge or consent gave materially false, rnisleading, or inaccurate informatian or statements to Lender (or failed to provide Lender with material information) in connection with the Loan. Material representations include, but are not limited to, representations concerning Borrower's occupancy of the Property as Borrower's principal residence. NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT �_g(�yE) �a$�� Pape 7 of 16 Initi8ls: VY� Form 3028 1/07 � ,�� 1 i?ll�: irr'�