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201008224 work has been completrd ta Lender's satisfaction, prnvided that such inspection shall be undextaken prompdy. I.ender may disbuuse proceeds for the repai.rs azLd reswration in a single pay�ent �r in a series of progress payrnents as the work is completed. Unleas an agreement is made in writing or Applicable I.avv requires interest W be paid on suc� insntrance pmceeds, Lender shal] not be requiared ta pay Borrower any interest or aarnings an such pro[�eods. Fees for public adjusters, or other third parties, retaine� by Borrowe�r shall not be paid out of the instu'a�e proc�eeds and shall be the sole obligation of Borrower. If the z�eswra�ion or repair is not economically fe�sible or Lender's security would be lessenad, the insurance proceeds shall be applie� to the sums aecured by this S�curity Instrunnent, whether nr not then dt�, with the excess, if any. Paid to Borrow�r. Such insuranc� proceeds shall be applied in the ordcr provided for in Section 2. If Borrower abandons the Property. L,ender tnay file, negotiate and s�tle any availahle insurance clairn and related matters. If Eorrower daes xwt responci within 30 daya ta a motice fram I.ender that the insarance carrier has offerred to settle a claim, chen L,ender may negotiate and settle the claim. TYre 3A-day period will begin when the nodce is given. In eit�x event, or if L,�nder acquir�s the P�perty under 5e�tion 22 ox atherwise, Borrower hereby asaigns w L.�nder (a) Borrower's rights w any insurance proceeds in an amount not to exceed thc a�n�unts wnpaid under thc Note or this Security Inst�ument, and (b) any other of Horrower's rigtrts (other than the night w aay refund of unearned premiums paid by &rrrower) under all ins�u�ance policies covering the Property, insofar as such ri$hts aze applicable to the coverage of the Prop�rty. Lender may use the insurance proceeds either to repair or restore the Pmperty or to pay amounts uapaid under the Note or this Security Instrument, whether or not then due. 6. Oanipancy. Borrower shall occupy, establish, and usB the Property as Borrower's principal re.aidence vvithin 60 d.ays after the execurion of this Security Insttvnnent and shall continue to occupy tUe �roperty as Borrnwer's principal residence for at least one ye�r after the datc of accup�ncy, unless L,ender otherwise agrees in writing, which oonsent shall not be unreasonably withheld, ar unless extenuating circumsta�es exist which are beyond Bornnw►er's contnol. 7'. Pre�rvation, M$intenanoe and Protection af the Prope�ty; Ing�3ons. Horro�ver shall xtot desaroy, day;nage or impair t�e Property, allaw the Propeity to deteriorats or cominit waste on the ProPenY. Wh�ther or not Borrower is residiu�g in the Pmperty, Bormwer shall nn�aintain the Pro�riy in order to pxevent the Property frorn deteriarating or decreasing in value due to its conditiqn. Unless it is dexe�ed pursusnt to Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if damagcd to avoid further d�riaration or damage. If insurance or condemnation proceeds are paid in cannection with damagc to, or the talang of, the Pmperty, Barrowcr shall be responsible for repairing or resta�ng the Froperty oNy if Lender has relea.5ed proceeds for such pwrpcases. L.ender may disburae pmcceds for the repairs and restorntion in a single payment or in a series of prngress payments as the work is completed. If the insurance or wndemnation proceeds are not su�Cfficient to repair or �stor� the Property, Borrower is not relieved af Borrow�r's obligation for the �mpletion of such repair or resWt�a�tion. Lender or its agent may maks reasonable entries upon and inspe�tions of the Properry. If it has reasonable cause, L,ender may inspect the interior of the improv� on the Property. Lender sball give Borrower notice at thB tizr� of or prior rn such aia inicrior inspection specifyin,g such reas�nnable cause. 8. Borrower's Loan App�icaSon. Borrowcr sl�ll be in defaulC if, duriu�g the Laan applicatipn proc�s, Horrower or any person�s ur aititaes acaing at tha direction o� Borrowe�r or with Barrower's �owledge ar conseant gave materially false� mi�leading, or inaocurate infonmation ar stat�ents to Lender (nr failed W provide L,ender with material informatiion) in ovrmcctian with thc L.aan. Material representations include, but are �at limited to. rePreseutations conccrning Horrow�'s occupancy of the Property as Horrovver's principal resideatce. NEBRASKA - Single Family - Femds Maa/Fraddfe Mac UNIFORM INSTRUIIAEN7' �"61NE) (o81t) P�e 7 of 18 Iniaals: Fpnil $0�8 7/Q9