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2oiooso4s work has been coinpleted to Lender's satisfaction, provided tl�at such inspection sha11 ba undertaken promptly. Lender rnay disburse proceeds for the repairs and restoration in a single payment or in a series of pxogress payments as the work is completed_ Unleas an agreement is macle in writing or Applicable Law requires interest to he paid on such insurance proceeds, Lender shall not be required to pay Bnrrower 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. If the restoration or repair is not economically feasible or Lender's security would be lessened, the insurance ptoceeds shall be applied to the sums secured by this Security Instrument, whether ot not then due, with the excess, if any, paid to Bonower. Such insurance proceeds shall be applied in the otder provided for in Section 2. If Sorrower abandons the Property, Lender may file, negotiate and settle any available inaurance claizn and related matters. If I3orrower does not respond within 3� days to a notice frorn Lender that the insuxance camer has offered to settle a claim, thcn I.,ender may negotiate and settle the clairn. The 30-day period will begin when fhe notice is given. In either avent, or 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 io 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 premiums paid by Borrawer) under all insur�ance policies covering the Praperty, insofar as such rights are applicable to the coverage of the Property. Lender may use the insurance proceeds either to repair ar restore the Property or ta pay amounts unpaid under the Note or this Security Instrument, whether or not then due. b. Occupancy. Borrower shall accupy, establish, and use the Property as Borrawer's principal residencc within 60 days after the executian of this Security Insitument and shall continue to occupy the Property as Borrower's principal residence for at leaGt one year after the date of occupan�y, unless Lender otherwise agrees i❑ writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyand Barrawer's contrnl. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall nat destroy, dattaage or impair the Property, allow the Property to deteriotate or comamit waste on the Property. Whether or not T3orrower is residing in the Property, Borrower shall maintain the Property in order to prevent the Property from deterioratin�, or decreasing in valrxe dae to its condition. Unless it is determined pursuant to Section S that repair or restoratian is not economically feasible, Borrnwer ahall promptly repair the Property if damaged to avoid fw deterioratian or dart�age. 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 Pt only if Lender has released proceed5 for such pwposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in a serieG of progress payments as the work is completed. If the insurance or condeinnatian proceeds are not 5ufficient to repair or restore the Property, Borrawer is not reliaved of Borrowet's obligation for the cornpletian o£ such repair or restoration. Lender or its agent may make reasonable entrics urron and inspeciians of the Property. If it has reasonable cause, Lender may inspect the interinr of the improvements on the Property. Lender shall. give Borrower notice at the time of or pt'inr to suclt an interior inspection specilying such reasonable cause_ 8. Borrower's Loan Application. Borrower shall he in default if, during thc Loan application process, Botrower ot any persons or entities acting at the direction of Borrower or with Borrower's knowlcdge or consent gave materially false, misleading, ur inaccurate infottnation or statements to Lendcr (or failed to provide Lender with material information) in connection with the Loan. Material representations inchidc, but are not liinited to, repre5entaiians concerning Borrower's occupancy of the Praperty as Barrower's principal residence. NEBRASKA- Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT � �-6(NE)�oa�� Page7of15 �nitialg: Form3028 1/D1