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2�100��1 work bas beein completed to Lender's satisfaction, provided that such inspectron shall be undertaken promptly. Lender may drsburse proceeds for the repairs and restoration rn a single payment or in a series of progress payments as the work is completed. Unless an agreement is made in writing ar Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not be required to pay Bora'ower any interest or earnings on such proceeds. Fees for public adjusters, or other tk►i.rd parties, retained by Borrowe►' shall not be paid out of the insurance proceeds and shall be the sole obligation of Borrower. If the restoration or repair is not economrcally feasible or Lender's security would be lessened, the insurance proceeds shall be applred to the sums secured by this Security Instrurnent, whether or nat then due, with the excess, if any, paid to Borrower. Such insurance proceeds shall be appHed in the order provided for in Section 2. if Borrower abandons the Property, Lender may file, negotiate and settle any available insurance clarrn and related matters. Cf Borrower does not respond within 30 days to a natice fram Lender 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 ac�urres the Property under Section 22 or otheawise, Borrower 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 premiums 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 repai.r or restore the Property or to pay amounts unpaid under the Note or this Security Instrument, whether or not then due. 6. �ccupancy. Borrower shall occupy, establish, and use the .Property as Borrower's principal residence within 60 days after the execution of this Security Lnstrument 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 cnnsent shall not be unreasonably withheld, or unless extenuating crrcumstances exist which are beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower sha11 not destxoy, damage or impair the Property, allow the Property to deteriorate or commit waste on the Prqperty. Whether or not Borrower is residing in the Property, Borrower shall maintain the Property in order ta prevent the Property from deterio�rating or decreasing rn va1ue due to its condition. Unless it is deternvned pursuant to 5ection 5 that reparr or restoration is not economically feasibla, Borrower shall promptly repair the Property if darnaged to avoid further deteriaratian ar damage. If insurance or condemnation proce�s are paid in connection with damage to, or the taking of, the Properiy, Borrawer shall be responsible far repairing or restoring the Property only if Lender has releas�i proceeds far such pwpases. Lender may disburse proceeds for the repairs and testoration 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 relreverl of Borrower's oblrgation for the completion of such repair or restoration. Lender or its agent rnay make reasonable entries upan and rnspections of the Property. If it has rcasonable cause, Lender rnay inspect the interior of the irnprovernents an 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. Borrower shall be in default if, during the Loan application procass, Borrower or any persons or etatities acting at the directron of Borrower or with Borrower's knowledge or cansent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material inforniation) in connection with the Loan. Material representations include, but are not limited to, representations concerning Bortower's occupat�cy of the Property as Borrower's principal residencc. 2200�72053 n v6AN� NEBRASKA - Single Family - Fannle Mae/Freddie Mac UNIFORM INS7RUMEN7 WffH MER� �-8A(NE) loetol Page 7 of 15 Initials:�T �J Form 3028 1l01 c�i