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�010085E� work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken prornptly. 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 made in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shal] nat be required to pay Borrawer any interest or earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Borrower shall nat be paid out of the insurance proceeds and shall be the sole obligation of Borrnwer. If the restoratian pr repair is not economically feasible or Lender`s security would be lessened, the insurance proceeds shall be applied to the sums secnred by this Security Instrument, whether or not 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 Eozxower abandons the Property, Lender rnay file, negotiate and settle any available in5urance claim and related matters. If Borrower does nat respond within 30 days to a notice from Lender that the insurance carrier has off�red 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, Borrnwer hereby assigns to Lender (a) Borrower's rights to 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 premiurns 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 Npte or this 5ecurity Instrument, whether or not then due. 6. Occupancy. Borrower sha11 occupy, establish, and use the Property as Borrower's principal residence within 60 days after the executinn af this Security Instrument and shall continue to occupy the Property as Barrower' s principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writin�, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower's control. 7. Preservation, Mainteanance and Protecdon of the Property; Inspections. Borrawer shall not destroy, damage or impair the Property, allow the Froperty to deteriorate or comzz�it waste on the Property. Whether or not Borrower is residing in the Property, Bozrower shall maintain the Property in order to prevent che Properiy from deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that r�pair or restoration is not econornically feasible, ao��W�r snarr promptly repair the Froperty if daxnaged to avoid further deterioration or damage. If insurance ar condemnation prpceeds 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 payrnent or in a series of progress payments as the work is completed. If the insurance ar candemnation proceeds are not sufficient to repair or restore the Property, Borrower is not relieved of Barrower' s obligation for the completion of such repair or restoration. Lender or its agent may make reasonable entries upon and inspections of the Praperty. If it has reasonable cause, Lender may inspect the interior of the unprovements on the Property. �,ender sha11 give Borrower notice at the tune of or prior to such an interior inspection specifying such reasonable cause. 8. Borrower's Loan Application. Borrower shall be in default if, during the I,oan application process, Borrower or any persons or entities acting at the direction of Eorrower or with Botrower' s knpwledge or consent gave materially false, rnisleading, or inaccurate information or statements to Lender (or failed ta provide Lender with material information) in connect►on with the Loan. Material representation5 include, but are not limited to, representations concerning Borrower's occupancy of the Froperty as Borrower' s principal residence. �.k��I'I:�:7 N�BRASKA - Single Family - Fannie M aelFreddie M ac UNIFpRM INSTRUM ENT �-6(NE) (0811) Page 7 of 15 Initials: �� Form 3028 1101 �