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2oiooss59 work has been completed to Lender's satisfactian, provided that such inspection shall be undertaken promptly. L.Qnder nnay disburse proceeds for the repairs and restoration in a single payrnent or in a series of progress payments as the work is completed. Unless a�n agreement is made 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, 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 restoratian or repair is not economically feasible or �.ender's security would be lessened, the insuxance proceeds shall be applied to the surn.s secured by this Security Instrument, whether or not ttxen due, with the excess, if any, paid to Borrower. Such insurance procceds shall be applied in the order provided for in Section 2. If Borrower abandons the Property, Lender znay file, negotiate and settle any available insurance clairn and related m�atters. If Borrower dces not respond within 3p days to a notice from Lender that the insurance car;rier has offered to settle a claim, then I..ender may negotiate and settle the clairn. The 30-day period will begin vvhen the notice is given. In either event, or if l,ender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount not to excced the amounts unpaid under the Note or this Security Instz�wnent, and (b) any other of Borrawer's rights (other than the right to any refund of unearned premiums paid by �orrower) under all insurance policies covering the Property, insofar as such rights are applicable to the coverage of the Property. L.ender may use the insurance proceeds either to repair or restore the Property or to pay amounts wnpaid under the Note or this Security Instrurnent, whether or not then due. 6. Occupancy. Borarower sha11 occupy, establish, and use tlae Property as Borrower's principal residencE within 60 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 oP occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circuxnstances exist which are beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, darnage or iznpair the Property, allow the Property to deteriorate ar commit waste on the Property. Whether or not Borrower 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 deternuneri pursuant to Section 5 tk�at repair or restaration is not econornically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or condemnation proccetis are paid in conne.ction with damage to, or the taking of, the Property, Borrower shaJl be responsible for repairing or restoring the Property pnly if Lender has released proceeds for such purposes. Lender may disburse proceeds far the repairs and restoration in a single payrnent or in a series of progress payments as the work is completed. If the insurance or condemnation proceeds are not suf�cient to repair or restare the Property, Borrower is not relieved af Borrower's obligation for the cornpletion of such repaix or restoration. Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, J_.ender may inspect the interior of the improvements on the Property. Lender shall give Borrower notice at the time of or prior to such an interior inspection specifying such reasonable cause. 8. Borrower's Loan Application. Boz7rower shall be in default if, during the Loan application process, Borrower or any persans or entities acting at the directian of Borrower or with Borrower's lrnowledge or consent gave materially false, misleading, or inaccurate infomlation or staternents to LQnder (or failed to provide L.ender with material information) in connection with the Loan. Material representations include, but are not limited to, representations concerning Borrower's occupancy of the Property as Borrower's principal residence. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-61NE) �oai i i Page 7 of 15 iniciais� Form 3028 1/07 � „y 1� � �� S� �` F� ,' i/