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�oiooso43 work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken prornptly. 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. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such insnrance proceeds, Lender shall not be required to pay Borrower any interest or earnings on such proceeds. Fees for public adjusters, or ather third parties, retained by Borrower shall not be paid out of the insurance proceeds and shall be the sole obligation of Bonower. If the restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds sha11 be applied to the sums secured by this Security Instnunent, whether or not then due, with the excess, if any, paid co Borrowex. Such insurance proceeds shall be applied in the order provided for in Section 2. If Borrower abandons the Froperty, Lender may �le, negotiate and settle any available insurance claim and related matters. If Borrower does not respond within 30 days to a notice from I..ender that t1�e insurance carrier has offered to settle a claim, then L,�nder may 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 to Lender (a) Barrower's rights to any insurance proceeds in an amount not to exceed the aamounts 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 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 proceeds either to repair or restore the Property or to pay amounts unpaid under the Note or this Security Instrurnent, 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 occupancy, unless I.ender 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 Properrty; Inspections. Borrower shall not destroy, damage ar impair the Property, allow the Property to deteriorate or commit waste on the Prpperty. Whether ar not Barrower is residing in the Property, Borrower shall maintain the Property in order to prevent thc Property from deteriorating or decreasing in value due to its condition. Unless it is determined pnrsuant ta Section 5 that repa.ir or restoration is not economically feasible, Barrower shall pramptly repair the Property if damaged to avoid further deterioration or damage. Tf insurance or condemnation proceeds are paid in connection with damage to, or the taking of, the Properiy, Borrow�r shall be responsible for repairing or restoring the PropeRy only if Lender has released proceeds for such purposes. L,�nder 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 not sufficient to repair or restore the Property, Borrower is not relieved of Borrower's obligation for the com.pletion of such repair or restoration. Lender or its agent rnay rnake reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender may inspect the interior of the improvements 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 Appl➢cation. Borrower shall be in default if, during the Loan application pmcess, Banawer or any persons or entities acting at the direction of Borrower or with Borrower's knowledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide I.ender with material information) in connectian with the Loan. Material representations include, but are not limited to, represen.tations concerning Borrower's occupancy of the Froperty as Borrower's principal residence. NEBRASKA - Single �amily - Fannie MaalFreddie Mac UNIFQRM INSTRUMENT // � �-B�NE) loettl Pace � of i5 init�ais: ` �"`�� Form 3028 1/01 t%sR � ��t1�(; �'_ .y