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2oloos4s� 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 single payment or in a series of progress payments as the work is completed. Unless an agreement is rnade in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not be required to pay Borrower any interest or earnings on such proceeds. Fees for public adjusters, ar other third parties, retained by Borrower shall not be paid out of the insurance proce.�ds and shall be the solc obligation of Barrawer, If the restoration or repair is not economically feasible ar L.ender's security would be lessened, the in,suarance proceeds shall be applied to the sums secured by this Security Instrument, whecher or not then due, wich the excess, if any, paid to Barrower, Such insurance proceeds shall be applied in the order provided for in Section 2. Tf Barrower abandons the Property, Lender may �le, negotiate and settle any available insurance claim and related matters. If Borrower does not respond within 30 days to a notice from 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) Borrower's rights ta any insurance proceeds in an amount not to exceed the amounts unpaid under the Note or this Security Instrument, and (b) any other of Borrower's rights (other than the right to any refund of unearned premiums paid by Borrovver) under all insurance palicies covering the Property, 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. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within b0 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 Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Praperty; Inspections. Borrower shall nat destroy, damage or impair the Property, allaw the Property to deteriorate or commit waste on the Properiy. Whether or not $orrower 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 condition. Unless it is determined pursuant to Section S that repair or restaration is nat econ.omically feasible, Bprrower shall promptly repair the Froperty if damaged to avoid further deterioration or dam,age. If insurance or condemnation proceeds are paid in. connection with damage to, or the taking of, the Property, Borrower shall be r�sponsible for repairing or restoring the Property only if L,�nder has released proceeds for such purposes. I.,ender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. If the insurance or condernnation proceeds are not sufficient to repair or restore the Property, Borrower is not relieved of Borrower's obligation for the cornpletion of such repair or restoration. Lender or its agent may rnake reasonable entries upon and inspections of the Property. If it has reasonable cause, I.ender may inspect tbe interior of the innprovements on the Property. Lender shall give Borrower notice at the time of ar prior to such an interior inspection speci fying such reasanable cause. 8. Borrrower's Loan Application. Borrower shall be in default if, during the Laan application process, Borrower or any persans 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 Lender (or failed to pravide L,ender wiW material information) in connection with ths Laan. Material representations include, but are not limited ta, representations concerning Borrower's occupancy af the Property as Bonower's principal residence. NEBRASKA - Single Family - Fannie Mae/Freddte Mac UNIFORM INSTRUMENT �-B�NE) 1o8t t1 Page 7 of 15 in�s�ais: Form 3028 7/01 1 � � � q i F : ,� � K � '� / .; '' 1 _ � `Y / �J •