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241048345 work has been completed to L,�nder's satisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse proceeds for the repairs and restoration in a single payrnent or in a series of progress payments as the work is cornpleted. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such insurauce proceeds, Lender shall not be required to pay $orrower any interest or earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Borrower shall not be paad out of the insurance praceeds 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 proceeds shall be applied to the swaas secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Barrower. Such insurance praceeds shall be applied in the order provided for in Section 2. If Borrower abandons the Property, Lender may �le, negotiate and settle any available insurance claim and related matters. If Borrawer does not respond within 30 days to a notice frorn Lender that the insurance carrier has offered to settle a claim, then Lender may negotiate and settle the clairn, The 30-day period will begin when the notice is given. In either event, or if I.,ender acquires the Property under Section 22 or atherwise, 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 Inatrument, and (b) any otta.er of Borrower's rights (other than the right to any refund of unearned prerniurns paid by Borrower) under all insurance policies covering the Property, insafar as such rights are applicable to the coverage of the Property. I..ender may use the insurance proceeds either to repair ar restore the Property or to pay amounts unpaid under the Note or this Security InstrumenC, 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 occupy the Praperty 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 cantrol. 7. Preservation, Maintenance and Protection of the Property; Inspectians. Bonower shall nat destroy, damage or impair the Property, allow the Property to deteriorate or commit waste on the Property. Whether or not Borrower is residing in the Froperty, Boz�rower shall maintain the Property in order to prevent the Property from deteriorating or decreasing in value due to its conditiqn, Unless it is determined pursuant to Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or condcmnatipn proceeds are paid in connection with damage to, or the taking of, the Property, Borrowcr 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 tk�e insurance or candemnation proceeds are not suf�cient 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 rnay make reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender may inspect the interior of the improvements on the Property. I.ender shall give Borrower notice at the time of or prior to such an interior inspection specifying such reasonable cause. 8. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, Bonower or any persons or entities acting at the direction of Borrower or with Borrower's lrnowledge or cpnsent gave materially false, rnisleading, or inaccurate information or statements to Lender (or fail�d to provide Lender with rnaterial information) in connection with the Loan. Material representations include, but are nat limited to, representations concerning Borrower's occupancy of the Property as Borrower's principal residence. NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUMEN �-B�NE) 1oe� i � Pege 7 of 15 .) 3028 7l01