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2oioos4s9 work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Larder may disburse proceeds for the repairs and restoration in a single payrne�at or in a series of progress payments as the wark is completed. Unless an agreexnent is made in writing or Applicabla Law requires interest to be paid on such insurance procceds, 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 Horrower shall not be paid out of the insurance procceds and shall be the sole obligation of Borrower. Lf the restaration or repair is not economically feasible or Lende�r's security would be lessened, the insurance proceads shall be applied to the sums secured by this Security In.strument, whether ar not then due, with the excess, if any, paid to Borrower. �ch insurance proceeds sha11 be applied in the order provided for in Sectian 2. If Borrower abandons thc Property, Lender may file, negotiate and seitle any available ix►surance claim and related matters. If Barrower does not respand within 30 days to a noticc from Lender that the insurance caxrier has offered to settle a claim, then Lender may negatiate and settle the claim. The 30-day period will begin when the notice is given. In either event, or if Lender acquires We Property under Section 22 or otherwise, Horrower hereby assigns to Lender (a) Borrower's rights to any insurance procee�s ix► an aznouxat not tu exceed the arnounts unpaid under the Note or this Se�urity Inabrurnent, and (h) any other nf Borrower's rights (other than the nigbx to any refund of unearned premiums paid by Borrowear) under all insurance policies 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 undcr the Note ar this Security Inslxuranent, whether or nut then due. 6. Occupancy. �oz7rower shall occupy, establish, and use the Property as Borrower' s principal residence within 60 da3rs after the execution of this Security Instrument and shall continue to occupy the Property as Horrower' s p.rincipal residence for at least one year after the date of occupancy, unless Lender utherwise agrces in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Horrower's control. 7. Preservation, Maintenance and Protertion of the Property; Inspectians. Borrower shall not destroy, d.amage or impair the Property, allow the Froperty to deteriorate or commit waste on the Property. Whether or not Borrower is residing in the Property, Borrower shall maintain thB Property in order to prevent the Property fram deterioraring or decreasing in value due to its condition. Unless it is determined pursuant ta Section 5 that repair or reatoration is not economically feasible, Borrower shall promptly repair the Properiy if damaged to avoid further deterioration or damage, If insurance or condemnation proceads are paid in connection with damage to, or the taking of, the Property, Sorrower shall be responsible for repairing or restoring the Paroperiy only if Lender has released proceeds for such purposes. Lender may disburse proceeds for the repairs and restoration in a single payment ar in a series of progress payments as the work is cumpleted. If the insurance or condEmnation proceeds are nat 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 We Property. If it has reasonable cause, Lender may inspect the interior oF the improvements on the Properiy. Lender shall give Borrower notice at the time of or prior to such an interior inspectian specifying such reasonable cause. 8. Borrower`s Loan Applicat�on. Horrower shall be in default if, during the Loan application process, Borrower or any persons or entities actin.g at the direction of Bonower or with Horrower' s knowledge or consent gave .materially false, misleading, or inaccurate infaxrraation or statements to �,ender (or failed to pravide Lender with rnaterial informatian) in connection with the Loan. Material representations include, but are not limited to, representations cnncerning Borrowet' s occupancy of the Property as Borrower' s principal residence. 220006$229 D V6ANE NEBRASKA - Single Family -�annie Maa/Freddie Mac UNIFORM INSTRl1M�IT WITH�S (��-6A(N� �oeio) Pepe 7 of 15 Initlela: Fom1 3028 1/01 �