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2oioos3ss work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender rnay disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is coznpleted. Unless an agreernent is made in writing or Applicable Law requires interest to be paid on such insurance praceeds, Lender shall not be required to pay Borrower any interest or eamings an such proceeds. Fees for public adjusters, or other third parties, retained by Borrower shall not be paid out of the insurance proceeds and sha11 be the sole obligation of Borrower. If the restoration or repair is not econornically feasible or Lender's security would be lessened, the 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 Barrower. Such insurance proceeds shall be applied in the order provided for in Section 2. If Borcower abandons the Property, Lende:r :may file, negotiate and settle any available insurance claim and related matters. If Borrower does not respond within 30 days to a notic� from Lender that the insurance carrier has offered to settle a claim, then Lender may negotiate and settle the claim. The 30-day periad will begin when the notice is given. In either event, or if L.ender acquires the Property under Section 22 ar otherwise, Borrower hereby assigns to Lender (a) Borrowex's rights to any insurance proceeds in an amount not to exceed the amounts unpaid under the Note orr this Security Instruanent, and (b) any other of Borrower's rights (other than the right to any refund of unearned prerniums paid by Borrower) under all insurance policies covering the Pxoperty, insofar as such rights are applicable to the coverage of the Property. Lender may use the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the Note or this Security Instrurnent, whether or not then due. 6. Occupancy. Borxower 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 Property as Borrower's principal residence for at least one year after the date of occupancy, unless T..ender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower's contz'ol. 7. Preserva#ion, Maintenance and Pratection of the Property; Inspections. Borrower shall not destroy, damage or impair the Property, allow the Property to deteriorate or commit waste on the Property. Whether ar not Borrower is residing in the Property, Borrower shall rnaintain the Property in order to prevent the Property from deteriorating or decreasing in value due ta its condition. Unless it is determined pursuant to Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if darnaged to avoid further deteriaration or damage. If insurance or condemnation procceds are paid in connection with damage ta, or the taking of, the Property, Borcower shall be responsible for repairing or restoring' the Property anly if I.ender has released proceeds for such purposes. L,ender may disburse proceeds for the repairs and restaration in a single payment or in a series of progress payments as the work is completed. Tf the insurance or condemnation proceeds are not suf�cient to repair ar restore the Property, Borrawer is not relieved of Barrower's obligation for the completion of such repair or restoration. L,ender or its agent may make reasonable entries upon and inspections of the Property. If it has reasanable cause, Lender may inspect the interior of the impz'ovexnents on the Property. Lender shall give Borrower notice at the time of or prior ta such an interior inspection specifying such reasonable cause. $. Sorrower's Loan Application. Barrower shall be in default if, during the Loan application process, Borrower or any persons ar entities acting at the directian of Borrower or with Barrower's knowledge or consent gave materially false, misleading, or inac�urate information or staternents to Lender (or failed to provide Lender with material information) in conne�tion with the Loan. Material representations include, but are nat limited to, representations concerning Borrower's occupancy of the Property as Borrower's principal resid�nce. NEBRASKA - Singie Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-6(N�) loai i1 Page 7 of 15 in�eiais: Form 3028 1/01 � � �, � Y F�� , , . ��