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2oioosl9i work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. I.ender may disburse proceeds for the repairs and restoration in a single payment or in a seriea of pro�ress payments as the work is completed. 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 proce�ds. Fees for public adjusters, or other third parties, retained by Borrower shall not be paid out af the insurance proceeds az�d 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 prpceeds 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 sha11 be applied in the order provided for in Section 2. If Borrower abandons the Prpperty, Lender may file, negotiate and settle any available insurance claim and related matters. If Borrower does not respond 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 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) Borrower' 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 unearz�ed prcmiums paid by Borrower) under all insurance palicies 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 Prpperty or ta pay amounts unpaid under the Note or this Security lnstruznent, whether or not then due. 6. �ecupancy. Borrower shall occupy, establish, and use the Property as Borxower' 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 Lender otherwise agrees in vvriting, which consent sha11 not be unreasonably W�t�nera or unless extenuating circumstances exist which are beyond Sorrower' s control. 7. Preservatian, Maintenance and Prot�ction of the Property; Inspections. Borrower shall not destroy, damage ar irnpair the Property, allow the Property to deteriorate or commit waste on the Property. Whether or nat Borrnwer 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 economically feasible, Borrower shall prnmptly repair the Property if damag�d to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in connection with damage to, or the taking of, the Property, Borrower shal] be responsible for repairing or restoring the Property only if Lender has released proceeds for such purposes. I.ender 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 completion of such repair or restoration. Lender or it;� agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender may inspect the interior pf the improvements on the Property. Lender shall give Borrower notice at the time of or prior to such an interior inspection specifying such reasanable cause. 8. Borrowex's Loan Application. Borrower sha11 be in default if, during the Loan application process, Borrower or any persons or entities actin� at the direction of Borrower or with Borrower's knowledge or consent gave rnaterially false, misleading, nr inaccurate information or statements to Lender (or failed to provide Lender with material information) in connection with the Loan. Material representations include, but are not limited to, representations concerning Borrower' s occupancy of the Property as Borrower' s principal residence. 10-a9-000048 NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT �-B(NE) (0811) Page7 of 15 �nitia�s Q�� Form 3028 1101 �