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2oiou�o4i work has been completed ta Lender's satisfactian, 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 work 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 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. Tf the restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be applied to the surns secnred by this Security 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 Property, Lender may �ile, negotiate and settle any available insurance claim and related matters. If Borrower does not respond within 30 days to a notice from Lender that the insurance car�ier has offered to settle a claim, then Lender may negotiate and settle the claim. The 30-day period will begin when the natice is given, Tn either event, ar if Lender 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 Note or this Security Instrument, and (b) any other of Borrower's rights (other than the right to any refund of unearned premiurns paid by Borrqwer) under all insurance palicies covering the Property, insofar as such rights are applicable to the cpverage of the Property. Lender may use the insurance proceeds aither to repair ar restore the Property or to pay amounts unpaid under the Note or tt�is Security Instrument, whether or not then due. 6. Occupancy. Barrower shall occupy, establish, and use the Property as Borrower's principal residence within 60 days after the execution of this Security Instnunent and sha11 continue to occupy the Property as Borrower's principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or impair the Praperty, allow the Property to deteriorate ar carnmit waste on the Property. Whether or not Borrower is residing in the Property, Borrowar 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 Sectian 5 that repair ar restoration is not economically feasible, Borrower shall pronnptly repair the Property if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in connection with damage to, or the caking of, the Property, Borrawer shall be responsible for repairing or restoring the Paroperty only if J.ender has released procaeds 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 condernnation proceeds are not suf�icient to repair ar restore the Property, Barrower is not relieved pf Borrower's obligation for the completion of such repair or restoration. I.ender or its agent may make reasanable entries upon and inspections of the Property. If it has reasonable cause, I,�nder may inspect the interior of the impravements on the Property. Lender shall give Borrower notice at the time 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 or any persons or entities acting at the direction of Borrower or with Borrower's knowledge or consent gave materially false, misleading, pr inaccurate information or staternents to Lender (or fai�led to provide Lendcr with material informatian) in connection �+ith the Loan. Material representations include, but are not limited to, representations cancerning Borrower's occupancy of the Property as Borrower's principal residence. NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUM�N7 �-6�NE) 1oe t t 1 Page 7 of 15 iniciais: Form 3028 1/07 ,� � �/' - .,�� C�4«t'�7 j 1 l� x� d �.