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2oioos400 work has been campleted to Lender's satisfaction, provided that such inspection shall be undertaken pramptly. L,ender may disburse praceeds for the repairs and restoratian in a single payment or in a series of pragress payments as the work is carnpleted. Unless. an agreement is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shall nat be required to pay Borrower any interest or earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Borrower shall not be paid out of the insurance proceeds and shall be the sole obligation of Borrower. Tf the restoration or repair is not economically 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 Borrawer. Such insurance proceeds shall be applied in the order provided for in Sectian 2. If Barrower abandons the Property, Lendcr may �le, negatiate and settle any available insurance claim and related matters. Tf Bo�rrower does not respond within 30 days to a notice from Lender that the insurance carrier has offered to settle a claim, then Lender may negatiate and settle the claun. The 30-day period will begin when the notice is given. In either event, or if I.ender acquires the 1'roperty 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 t1�is Security Instrument, and (b) any other of Borrower's rights (other than the right to any refund of unearned premiums paid by Borrower) under all insurance policies covering the Property, insofar as such rights are applicable to the coverage of the Property. Lender rnay use the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the Note or this Security Instrument, whether or not then due. 6. Occupancy. Borrower shall accupy, establish, and use the Property as Borrower's principal residence within 6� days after the execution of this Security Instrument and shall cantinue to occupy the Property as Borrower's principal aresidence for at least one year after the date of occupancy, unless L,ender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circurnstances exist which aze beyond Borrower's control. 7. Preservation, Maintenance and Protection af the Praperty; Inspections. Borrower shall not destray, dacnage ar unpair the Property, allow the Property to deteriarate or cornmit waste on the Property. Whether or not Borrower is residing in the Property, Borrower shall maintain the Property in order to prevent the Property from deteriorating or decreasing in value due Co its condition. Unless it is determined pursuant to Section 5 that repair or restoration is not econornically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in connection with darnage to, or the taking of, the Property, Bonower shall be responsible for repairing or restoring the Property only if Lender has released proceeds for such purposes. Lender rnay disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the wark is completed. If the insurance or candemnation proceeds are not sufficient to repair or restare the Property, Borrower is not relieved of Bonower's obligation for the completion of such repair or restoration, Lender or its agent may make reasonable entries upon and inspections of the Property. Tf it has reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender shall give Borrower notice at the time 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, Borrower or any persons or entities acting at the direction of Borrower or with Borrower's knowledge or consent gave materially false, misleading, or inaccurate information or statements to L,ender (or failed to provide Lender with material information) in connection with the I.oan. Material representations include, but are not limited to, representations concerning Borrower's occupan.cy of the Froperty as Borrower's principal residence. NEBRASKA - Singla Family - Fannie Mae/Freddia Mac UNIFORM INSTRUM�NT �-8(NE) loaiil Pa9e � ot i5 in�t�ai . �� Form 3028 1/01 � ,. F i+ a � e/ a'� � `