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2oioos4os work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken pramptly. Lender may disburse proceeds for the repairs and restoration in a singl� payrnent or in a sez�ies of progress payments as the work is completed. Unless an agreament is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not be raquired to pay Borrower any interest or earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Borrower shall nat be paid out of the insurance proceeds and shall be the sole obligation af Borrower. If the restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds sha11 be applied to the sunns secured by Chis 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, Lender may file, negotiate and settle any availabla insurance claim and related matters. If Borrower does not respond within 30 days to a notice frozn Lender that the insurance carrier has offered to settle a claim, then Lender may 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) Barrower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid under the Note or this Security Instrunnent, and (b) any other of Borrower' s rights (other thar� the right to any refund of unearned premiums paid by Borrower) under all insurazice palicies covering the Properry, insofar as such rights are applicable to the coverage of the Properly. Lender may use the insurance proceeds either to repaiar or restore the Properiy or to pay arnounts unpaid under the Nate or this Security Instrument, whether or not then due. 6. Occupancy. Borrower sha11 occupy, establish, and use the Properiy as Borrower' s principal residence within 60 days after the execution of this Security Instruxnent and shall continue ta accupy the Property as Sorrawer' s principal residence for at least one year after tha date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreason.ably withheld, or unless extenuating circumstances exist which are beyond Borrower's contral. 7. Preservation, Maintenance and Pratection of the Property; Inspections. Borrower shall not destroy, damage or impair the Property, allow the Prpperty to deteriarate or commit 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 to it5 condition. Unless it is determined pursuant to Section S that repair or restoration is not economically feasible, Borrower shall promptly repair the Properiy if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in connection with damage ta, ar the taking of, the Property, Borrower shall be responsible for repairing ar 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 work is cornpleted. If the insurance or candemnation proceeds are not sufficient to repair or restare the Property, Borrower is not relieved of Borrower' s obligation for the coannpletion 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 improvements on the Property. Lender shall give Borrower notice at the time of or prior to such an interior inspection specifying such reasonable cause. S. 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 Eorrower or with Borrower' s knowledge or consent gave materially false, misleadin�, or inaccurate information or statements to Lender (or failed to provide Lender with material information) in connection with the Loan. Material representations include, but are not limited to, representations concerning Borrower' s occupancy of the Property as Borrower' s principal residence. 230960 NEBi'tA5KA - Single Family - Fannie M aelFreddie M ac UNIFORM INS7RUM ENT �-6(NE) �oa�� Page7 of 15 Initials: FOr�ll 3026 1/p1 �