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2oioos4si work has been cornpleted to Lender's satisfaction, provided that such inspection shall be undertaken promptly. I,ender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payrnents as the work is completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, l.ender shall not be required to pay Bort'ower any interest or earnings on such proceeds. Fees far public adjusters, or other third parties, retained by 8orrower shall not be paid out of the insurance proceeds and shall be the sole obligation of Borrower. If the restoration or repair is not economically feasible or L.ender's security would be lessened, the insurance proceeds shall be applied to the sums secured by this Secu�ity Instnunent, whether or not then due, with the excess, if any, paid to Barrower. Such insuxance proceeds shall be applied in the order provided far in Section 2. If Borrower abandons the Pxoperty, Lender may file, negotiate and settle any available iansurance claim and related rnatters. If Borrower does not respond within 3p days to a notice from Lender that the insurance carrier has offered to settle a claim, then Lender may negotiate and settle the claim. 7fie 30-day period will begin when the notice is given. In either event, or if Lender acquires the Property under Section 22 or otherwise, Eorrower hereby assigns to Lender (a) Borrower's rights to any insurance proceeds in an amaunt not to exccecl the amaunts unpaid under the Note or this Security Instrurnent, 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. L.ender may 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 occupy, establish, and use the Property as Borrower's principal residence within 60 days after the execution af 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 Lender otherwise agrees in writing, which consent shall not be unreasanably withheld, or unless extenuating circumstances exist which are beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Prope�rty; Inspections. Borrower shall not destroy, damage or impair the Property, a11ow the Property to deteriorate 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 its candition. Unless it is deternuned pursuant to Section 5 that repair or restoration is not economically feasible, Barrower shall promptly repair the Pxoperty if damaged to avoid further deterioration or dainage. If insurance or condemnation proceeds are paid in connection with damage to, or the takzng of, the Property, Borrower shall be responsible for repairing or restoring the Property only if Lender has released procEeds for such puzposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is c�mpleted. If the insurance o;r condernnation proceeds are not sufficient to repair or restore the Praperty, Borrower is not relieved of Borrower's obligation for the completion of such repair or restoration. Lender ar its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, L.ender may inspect the interior of the improvements on the Property. Lender shall give Borrawer notice at the time of or prior to such an interiar inspection specifying such reasonable cause. 8. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, Borrower or any persons ar entities acting at t7�e direction of Borrower or with Borrower's knowledge or cansent gave materially false, mislsading, 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 accupancy of the Property as Borrower's principal residence. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIF�RM INSTRUMENT � � �-6(NE) loat tJ Page 7 of 15 in�e�ais ��, �� Form 3028 1/01 � � ` �� � >� � i�1�r' � r,`.