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201008447 work has been completed ta Lender's satisfaction, provide�i that such i�specticm �hall be irtidertaken promptly. L,�nder may disburse proceeds for the repairs and restoration in a single paym�t or in a series of pragre�s paya�nts as Che work is complete�. U;qless an agreement is made in writing or Applicable Law requires interest to be paid on s�h ins�urance prooeeds, L.ender shall not be required to pay Bornower any inCerest or earnings on auc� proc�eeds. Fees for public �djust�ara, or other third parties, retained by Borrawer ehall not be paid out of the insurance proceeds and shall be the sole obligation of Borrower. If the restoration or repair is not eoonom,ically feasible or l.ender's security wauid be lessened, the insurance prac:eeds shall be applied to the swns secttred by this Security lnshvm�nt, whether or not then due, with the excess, if any, paid #o Borrower. Such i�nsurance pruceeds shall be applied in the order pravided for in Section 2. If Borrowcr abandons tb,e ProPerty, L,ender may file, negoCiate and settle any available insurance claim and related matters. If Borrawer does not respond within 30 daya to a notice firom L�ender that the insuranc� carrier has offervd ta sett]e a claim, the� L�ender may ncgotiates and settle the claim. The 30-clay period will begin when the notice is given. In either event� or if Lander a�cquines the ProperCy uinder 5ection 22 ar otherwise, Barrov�r hereby assigns to Lender (a) Borrower's x�itghts to a� insurance proceeds in an amount nat to ea�ceed the amaunts unpaid u�nd�r the Nota or this Security Instivment, and (b) any ot�r of Borrower's z�ghts (othar than the right to any refund of unearned premiuma paid by Borrower) under all insurance policies covering the Properiy, ian,eofar as such rights are applicable ta the covera�es of thc Froperty. Leande�r may use tl�e insurance proceetls either to tsepair ar restore the Property or to pay atx�ounts u�sid under the Note or this Security Insquq�ent, whethcr or aat then due, 6. O�up�ancy. Borrow�r sball occupy, establish. and wse the Propetty as Borrower's prinGipal r�sidence within 60 days after the �xecution af this 5e�uriry InsUnunent and shall continue to accupy the Prn�rty as Bormwer'a principal residence for at least oae ycar after the date of occupancy, unlesa L�ender othetwise agrees in writing, which conaent sball not be unreasonably withheld, or unless extcnuating cu�cuuu�tances exist wluch are beyond Borrower's control. 7. Pree�vadap, Mainteaance aad Protection of the Prap�t.y; Iaspectlans. Borrowcr shall not destroy, damaSe or irnpair the Pnoperty, allow the Pmperty to deteric�rate or comnut waste on the Property. Whcther or not Borrower ia residing in the Propsrty, Bormw�r s�all rnaintain the Property in or�er to prevent the Prvperry frnm det�riorating or decreasing in value due W its conditian. Unless it is d�er�niaed pursuant to Saction S that repair or restoration is not economically feasibl�, Barrower shall P��P�Y ��' ��P�Y iF �n�g� ta avoid further detecioratian or datnage. If insuraace or condemnation p�cceds are paid in connection with damage W, or the taldng of� the Property, Borrower shall be responsiblc for repairing or resWring ihe Property only if L,ender has releas�d procee� for such Purposes. I�der may disburse prooeeds for the repairs and restoration in a single paymait or in a series of A�E'� PaY�� as the wurk is completed. Yf the insurance or condemnation proceeds are not suffici�nt W repair or r�tore the Pmperty, Borrower ia not relieved of Borrower's obligatian for the compl�ia�n of sach repair or restoration. I.endcr or its agent may rn�tice reasonable entriea upon and inspections of the Property. If it has reasonable cauae, L�ader may insp0ct the interior of the imprav�ts on the Property. Lender shall give Horrower notice at tbie time of or prior to such an interior inspection specitying surh re�sonable cauae. S. Borrower's Loan ApplicAdon. Bomower shall be in default if, during the Y.oan application Process. Horrower or any persons or entities acting at the direction of Aorrower or wiith Borrower's knowledge or consent gave materially falsc, mislea�iing, or in�ecurate infurmation or statements to Lsnder (or failed W provide �.�ender with m�aterial infortnation) in� �nne�tion with the Loan. Material repre�entations include, but are not lirnited tv, rePre�ntations conc�rning Bnrrower's occupancy of the Pnoperty as Horrower's principal residence. NLBRASKA - Single Femily - Fanrd� Mae/Fr�ddh M�a UNIFORM IIY$TRUIWENT �-EINE) loe�tl vsa.'7w �8 �nmd.: Farm 30Z8 1/01