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2oioos4s� work has been completed to I.ender's satisfaction, pravided that such inspectian shall be undertaken promptly. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payrnents as the work is cornpleted. Unless an agreernent is rnade in writing or Applicable Law requires interest to be paid on such insurance proceeds, L,�nder shall not 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. If the restoration ar 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 nat 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 �le, negotiate and settle any available insurance clairn and related rnatters. If Borrower does not respond vvithin 30 days to a notzce from I..ender 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 atherwise, Borrower hereby assigns ta I.ender (a) Barrower's rights to any insurance proceeds in an amaunt not ta exceed the amounts unpaid under the Nate or this 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 ar this Security Instrurnent, whether or not then due. 6. Occupancy. Borrower shall occupy, establish, and use the Praperty 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 Property; Inspections. Borrower shall not destroy, darnage or impair the Property, allow the Property to deteriorate or commit waste on the Property. Whether or not Borrower is residing in the Property, Borrower shall rnaintain the Property in order to prevent the Property from deteriarating ar decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that repair or restaration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration or darnage. If insurance or condernnation proceeds are paid in connection with damage to, or the taking of, the Property, Borrower shall be respansible for repairing or restoring the Praperty only if Lender has released proceeds for such purposes. Lender may disburse procceds 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 condemnation proceeds are not sufficient to repair or restore the Property, Borrower is not relieved of Borrower's obligation for the completion of such repair or restoration. Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, I,ender may inspect the interi�r of the improvements on the Property. Lender shall give Borrower notice at the tirne of or priar ta such an interior inspection specifying such reasonable cause. 8. Barrower's Loan Application. Borrower shall be in default if, during the Loan application process, Borrawer or any persons or entities acting at the direction af Borrower or with Borrower's lrnowledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide I.ender with material informatian) in connectian with the Loan. Material representations include, but are not limited to, representations concerning Bonower's occupancy of the Property as Borrower's principal residence. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT $, �-6�NE) 1o8tt) Page7of16 inieisis:� �a� �orm 3028 7/p7 1 � � � i � �? � �r , ° , i ,