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f►•II�[III�:�I�III] work hgs been conapleted to I,er�de�r's satisfaction, providcd that such inspection sh,all be uudertalreYa promptly. I.ender may disburse proceeds for the repairs and restoration in a single paytn�t or in a series of progreas paym�nts as the work is aompleted. Unle�s an ag�rrce�ent is made in writing ar Applicable Law requires interest tv be paid on such insuraace proceeds, Lcnder shal! �t be requir�ed ta pay Barrawer any interest or earnings an such proceads. Fees for publia adjusters, or othe�r th.ird parties, retained by Borrower shall not be paid out of the insurance procee�s and shall be the sole obligatian of Borrower. If the restoration or repair is not eoonomically feasible or Le�nd�r's socurity wauld be lessened T�1C �ri'�!�+ncr proceeds shall be applied to the sums secured by this Security �atxument, whet�er or nnt then due, waCh the exc�ess, if any, paid to Borrower. S�ch i�ucance proceeds shall be applied in the order provided for in Se�tion 2. Tf Bvrrower abat�ons the Property, L,ender nnay frle, negotiate and settle any available insurance claim an�d relat� matters. If Barrower does not respond within 30 d.ays w a notice from I.ender that the insurance carriter has offered to settle a claim� th�n L�nder may negotiate and settle the claim. The 30-day period will begin when the notice is given. In either event, or if Lendet acquicea the Prop�rty under Section 22 or othcrwise, Borrower hereby assig�ns to L�nder (a) Borrower's rights to airy insurance procceds in an amount not w exceed tl� amaunts unpaid under the Note or this Security Instn�ment, and (b) any other of Borrower's rights (other than the right to any refund of unearned pr�nniwms paid by Borrower) un�ier all ix�surance policies covering the Property, insof�ar �s such rights are applicable to the oaverage af Che Ptoperty. L.ender may u�e the instirrance proc�eds either to repair or restare the Froperty or to pay amounts ur�paid under the Note or this Security Instnttaa�aat, whether or not then due. b. Oocupaucy. Borrovver sha11 occupY establish, and use the Property as Boixawer's prin�ipal residence withia bp days at�er the eacecution of this Security Instrument and s1aa1] contirnie ta occupy the �P�Y as Borrower's principal residence for at least one year aftcr the date of occupan�cy. unless Y.ender otherwise agrce,s ut writu�, which consent �hall nat be unreasanably wit.hheld, or unless cact�nuatiz�g circuinstances eaist which are bayond Horrower's control. 7. Pc�rvalfon, Mainteaanoe an►d Protectia� of the Property; Inspectiona. Borro�ner shall nat destroy, daznage or impair the Froperty, allow t�e Frc�perty to c�etCriorate or commit wast� on the Pro�rty'. Whcther or not Borrov�er is residing in the Property, Borrower shall nnaintain the Property in order to pre.went the Pmperty froxn deteriorating or d�easing in value due to its condidon. Unless xt is detemnined pursuant to Sectinn 5 that repair or m�toration is not e�onomically ;feasible, Borrower shall promptly repair the Propecty if dat�aged to avoid further deterioration or damagc. Yf insuranc� or corndemnation procec�is are paid in conne�tion with damage ta, or the talcing of, the Property, �orrow�r shall be ret�onsible for repairiz�g or �resWrtng the Property only if Lsnder has released procceds for such purposes. L�nder may disburse prove0ds for the repairs and restoration iun a single payrnent or in a series of pmgre�s pay�ents as the work is completed. If tt� insurance or condamnation prooe�s are mot su�ici�nt to repaiur or restore the Property, Bozrower is not relieved of Borrower's obligation for t}ae conapleti.on of such repair or restoration. L�nder or its agent may � reasonable �tries upon and inspectinns of the �xopeity. Tf it has r�asonable cause, Lender may inspect thc imterior of the improvements on the Properiy. Lender s�all give Borrower naCice at the time of or prior to such an interior in�sp�ctian specifying such reasonable cause. 8. Borrow�r's Loan Applicatlon. Borrnwer shall be in default if, during the Loan application proceas, Borrower or any persons or eatities acting at tb�e direction of Borrower or with Borrower's lrnowledge or oonsent gave materially false, misleading, or imaccuratc information or statemeaats to I.ender (or failed to provide L.ender with rnaterial infonmation) ia conn�tion with the Loan. Material repres�tations ianrdude, but ar� not limite� to, representations �nceraing Bormvver's occupancy of the Property as Bonra�wer's principal residence. NHBRASKA - Single Family - Fannb Maq/Freddi� Mac UNIFORM INSTRUMEM' �$INE) 108>>► P�pa 7 ot 16 Innlp4: Fqrm $028 1/07