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2010481�3 work has been completed to Lender' s satisfaction, provided that such inspection shall be undertaken prprnptly. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payrnencs as the work is completed. Unless an agreement is xnade in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not be required to pay Borrower any interest or earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Borrower sha11 not be paid out of the insurance prpceeds and shall be the sple abligation of Borrower. lf the restaratipn nr repair is not economically feasibl� or Lender' s security wauld be lessened, the insurance proceeds shall be applied to the sums secured by this Security Instrument, 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 file, negotiate and settle any available insurance claim and related matters. If Borrower does not respond within 30 days ta 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 will begin when the notice is given. In either event, or if Lender acquires the Froperty 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 ri�hts (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 Instrument, whether or not then due. G. Occupaney. Borrower shall occupy, establish, and use the Property as Borrow�r' s principal residence within 60 days after the execution of this 5ecurity 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 agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower' s contral. 7. Preservation, Maintenance and Pratection of the Property; Tnspections. Borrower shall not destroy, damage ar impair the Property, allow the Property to deteriorate or cornmit waste on the Property. Whether or not Borrower is residin,g in the Property, Borrower shall maintain the Property in order to prevent the Praperty from deteriorating or decreasin� in value due to its candition. Unless it is determined pursuant to Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Property iF damaged to avoid further deterioration or damage. If insurance ar condemnation proceeds are paid in connection with damage to, or the taking of, the Property, Borrpwer shall be responsible for repairin� or restoring the Property only if Lender has released proceeds far 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 campleted. If the insurance or condemnation proceeds are not suf�cient to repair or restore the Property, Borrower iti npt relieved of Borrower' s obligation for the completion of such repair or restoration. Lender or its agent may make reasanable entries upen and inspections of the Property. If it has reasanable cause, Lender may inspect the interior af the improvements on the Property. Lender shall give Borrower notice at the time of or prior to such an interior inspection specifyin� such reasonable cause. 8. Borrower's Loan Applieation. Borrower shall be in default if, during the Loan application process, Barrawer or any persons or entities acting at the direction of Borrower or with Borrower' s knowledge ar cansent gave materially false, misleading, or inaccurate information or statements Co Lender (or failed to provide Lender with material infarmatian) in connection with the Loan. Material representations include, but are not limited to, representations concerning Borrower' s occupancy of the Property as Borrowcr' s principal residence. 230948 NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-6(NE) �oeii� Page7 of 15 i��ais: Form 3026 1101 �