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201008150 work has been completed to Lender's satisfaction, 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 payrnents as the work is completed. Unless an agreement is xz�ade in writing or Applicable Law requires int�rest to be paid on such insurance proceeds, Lender shall not ba required to pay Sorrower any interest ar 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 Borrower. lf the restoration or repair is not economically feasible or Lender's security would 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 r�lated matters. If Borrower does not respond within 30 days to a natiee from Lender that the insurance canrier has offered to settle a claim, then I,ender may negotiate and settle the clairn. The 30-day period will begin when the notice is given. In either event, or if Lender acquirea the Praperty under Section 22 or otherwise, Barrawer hereby assigns to Lender (a) Borrower' s rights to any insurance proc�eds in an amount not to exceed the amounts unpaid under the Note or Chis Security Instrument, and (b) any other of Borrower' s rights (ather than the right to any refund of unearned premiums paid by Sprrpwer) under all insurance policies cavering the Property, insofar as such rights are applicable to the caverage 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, whetlaer or not then due. b. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower' s principal residance within 60 days after the execution of this Security Instrument and shail continue to occupy the Property as Bnrrower' s principal residence for at least one year after the date of occupancy, unless Lender otherwise agree5 in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower's control. 7. Preservatinn, Maintenance and Protection of the Paroperty; Inspections. Borrower shall not destroy, damage or impair the Proparty, allow the Property to deteriorate or commit waste on the Property. Whether or not Borrower is residing in the Property, Borxower shall maintain the Property in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is detarmined pursuant to Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Properiy if damaged to avoid further deterioration ar damage. If insurance or condemnation proceeds are paid in connection with damage to, or the taking of the Property, Sorrower shall be respansible for repairing or restoring the Property only if Lender has released proceeds 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 condemnation proceeds are not sufficient to repair or restore the Pxoperty, Borrower is not relieved of Borrower' s obligation for the completion of such repair or restoration. Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender xnay inspect the interior of the improvennents an the Property. Lender shall give Borrower notice at the time of pr prior to such an interior inspection spacifying such reasonable cause. 8. Sorrower's Laan Application. Borrower shall be in default if, during the Loan applicatioan process, Borrower or any persons pr entities acting at the direction af Eorrower or with $orrower' s knowledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (ar failed to provide Lender with rnaterial information) in connection with the Loan. Material representations include, but are not liznited to, representations concerning Borrower's occupancy of the Property as Borrower' s principal residence. 23D949 NEBRASKA - Single Family - Fannie M aelFreddie M ac UNIFORM INSTRUM ENT � �-6(NE) �os�� Pege7 of 15 in�c�ais�� Form 3028 1/01 �