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201008154 work has been completed to Lender' s satisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse proceeds for the repairs and restocation in a single paymez�t or in a series of progress payments as the work is corr�pleted. Unless an agreement is made 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 shall not be paid aut 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 prviceeds 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 nat resppnd within 30 days to 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 be�in when the notice is �iven. In either event, or if Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to Lender (a) $orrower' s rights to any insurance proceeds in an amaunt 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 premiums paid by Borrower) under all insurance policies covering the Prpperty, 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. 6. Occupancy. Borrower shall accupy, establish, and use the Praperty as Borrower' s principal residence within 60 days after the executian of this Security lnstrument 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 control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or impair the Property, allaw the Property to deteriorate or commit waste on the Property. Whether or not Borrower is residing in the Property, Borrower shall maintain the Property in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that repair or restoration is not econamically feasible, Borrower sha11 promptly repair the Property if damaged to avoid further deterioration or damage. If insurax�ce or condemnation proceeds are paid in connection with damage to, or the taking of, the Property, Bo� shall be responsible 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 sez'ies of prpgress payments as the work is campleted. If the insurance or condemnation proceeds are not suf�cient to repair ar restore the Property, Borrower is not relieved of Borrower' s abligation 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 may inspect the interior af the irnprovements on the Property. Lender shall give Borrower notice at the time of ar prior to such an interior inspection specifying such reasanable cause. 8. Borrower's Laan Application. Borrower shal] be in default if, during the Lpan application process, Borrower ar any parsons 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 Lender with material inforrnation) in connection with the Loan. Material representations include, but are not limited to, representations concerning Borrower' s occupancy af the Property as Borrower' s principal residence. 23D952 NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT �-B(NE) (0811) Page7 of 15 mitieis: Form 302$ 1107