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2oloos335 work has been complcted to Lender's satisfaction, provided ChaC such inspection shall be undertaken pramptly. Lendcr may disburse proceeds for the repairs and restoration in a single payment or in a series of progress 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 proceeds. Fees for public adjusters, or other third parties, retained by Borrower shaJ.l not be paid out of tlae 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, Che 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, L.ender may file, negotiate and settle any available insurance claam and related matters. Tf Borrower does not respond within 30 days to a notice from Lender that the insurance carrier has offered to settle a claim, then Lender rnay 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 amount not to exceed the amounts unpaid under the Note or this Security Instrurnent, and (b) any other of Borrower's rights (other than the right to any refund of unearned prerniurns paid by Borrower) under all insurance policies covering the Prop�rty, insafar as such rights aze applicable to the coverage of the Property. Lender may use the insurance proceeds either to repai.r ar restore the Property or to pay amounts unpaid under the Note or this Security Instrument, whether or not then due. 6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within 60 days after the execution of this Security Instrument and shall continue to pccupy the Praperty as Bonower's principal residence for at least one year after the date of occupancy, unless I.endear otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating cirCUmstances exist which are bey�nd Borrower's control. 7. Preservatipn, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or impair the Property, allow the Praperty to deteriorate or commit waste on the Property. Whether ar not Borrawer is residing in the Praperty, Borrower shall rnaintain 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 S that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if darnaged 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 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 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 its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender may inspect the interior of the irnprovements on the Property. Lender shall give Borrower notice at the tirne of or prior to such an interior inspection specifying such reasonable cause. $. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, Banower or any persans ar entities acting at the direction of Borrower or with Borrower's knowledge or consent gave materially false, misleading, or inaccurate information or staternents to Lender (or failed to provide �ender with material infarmation) in cannection vvith the Loan. Material representations include, but are nat limited to, representations canceming Borrower's occupancy of the ProperCy as Barrower's principal residence. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-B(NE) loat t� Page 7 of 15 �n�t�a�a: Form 3028 1/07 r1 �..� � �.& �.� 1� , r ,# ..� c��