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201008523 wprk has been completed to Lender's satisfactian, provided that such inspection shall be undertaken promptly. I.ender may disburse proceeds far the repairs and restpratian in a single payment or in a series of progress paynnents as the work is completed. Unless an agreement is mad� in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender sha11 not be required to pay Borrower any interesC ox earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Borrower sha11 not be paad out of the insurance proceeds and shal.l be the sale obligation af Borrower. If the restoration or 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, whethear or not then dne, 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 rnay file, 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 I,ender may negatiate and settle the claim. The 30-day period will begin when the natice is given. In either event, or if T.ender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to �.ender (a) Borrower's rights to any insurauce proceeds in au amount not to exceed the amounts unpaid under the Note or this Security Instrument, and (b) any other of Borrower's rights (other than che right to any refund of unearned pramiums paid by Borrower) 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 under the Note ar this Security Instrument, whether or not then due. 6. Occupancy. Borrower shall occupy, establish, and use the Praperty as Borrower's principal residence within 60 days a�ter the execution of this Security Instrumenc and sha11 continue ta occupy the Property as Borrower's principal residence for at least one year after the date of occupancy, u.nless I.ender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which aze beyond Borrower's control. 7. Preservation, Maintenance and Protectian of the Property; Inspections. Borrower shall not destroy, damage ar impair the Property, allow the Property to deteriarate pr cpmmit waste on the Property. Whether or not Borrower is residing in the Property, Borrower shall maintain the Property in order to prevenC the Property from deteriorating or decreasing in value due to its condition. Unless it is deterc�ined pursuant to Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in connection with damage to, or the taking of, the Property, Borrower shall be responsible for repairing or restoring the Property only if Lender has released proceeds for such purposes. 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. If the insurance or condemnation proceeds are not suf�cient 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 rnake reasanable entries upon and inspections of the Property. If it has reasonable cause, Lender may inspect the interior af the improvements on the Property. Lender shall give Borrower notice at the time af or prior ta such an interior inspection specifying such reasonable cause. 8. Borrower's Loan Applfcation. Borrower shall be in default if, during the Loan application process, Barrower or any persons or entities acting at the directian of Borrower or with Borrower's lmowledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to pravide Lcnder with material information) in connection with the Loau. Material representations include, but aze not limited ta, representations cancerning Borrower's occupancy of the Property as Borrower's principal residence. NEBRASKA - Single Family - Fannia M�elFreddia Mac UNIFQRM INSTRUMENT �-6�NE) 1o8t t 1 Pege 7 of 15 inmai : Form 3028 1/01 � �� ' �� ' ,' ,t h