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201Q08851 work has been completed to Lender's satisfactian, provided that such inspection shall be undertaken promptly. L,ender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. Un.less an agreement is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, L.ender shall not be required to pay Borrower any lYli2YESt DT CaTI11rigS OD such proceeds. Fees for public adjusters, or other third parties, retained by Borrower sball not be paid out of the insurance proceeds and shall be the sole obligation of 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, whether or not then due, with the excess, if any, paid to Borrower. Such insurance praceeds shall be applied in the order provided for in 5ection 2. If Borrower abandons the Property, Lender rnay file, negotiate and settle any available insurance claim and related matters. If Borrower daes not respond within 30 days to a notice fram I.ender that the insurance carrier has offered to settle a claim, then Lender may negotiate and settle the claun. The 3p-day period will begin when the notice is given. In �ither event, or if I.ender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to I,ender (a) Boz�rower's rights ta any insurance proceeds in an amount not Co exceed the am.ounts unpaid. under the Note or this Security Instiument, and (b) any other of Barrawer'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 raverage af the Property. Lender may use the insurance proceeds eithsr to repair or restore the Property or to pay amounts unpaid under the Note or this Security Instrument, whether or not then due. 6. Occupancy. Borrower shall occupy, establish, and use the P�roperCy as Borrower's principal residence within 60 days after the execution of this Security Tnstrument and shall cantinue ta accupy the Praperty as Borrow�r's principal residence for at least one year after the date af occupancy, unless Lender otherwise agrees in writing, whicl� consent shall not be unreasonably withheld, or unless extenuating circwpustances exist wbich are beyond Borrower's control. 7. Pceservation, Maintenanc� and Protection of the Property; Inspections. Borrower sha11 not destroy, damage or impair the Property, allow the Property to deteriorate or commit waste on the Property. Whether or not Borrower is residing in the Property, Borrower shall maintain the Praperty in order to prevent the Propesty from deteriarating or decreasing in value due to its candition. Unless it is determined pursuant to Section S that repair or restaration is nat economicaily feasible, Borrawer shall promptly repair the Property if damaged to avoid furtb.er deterioration or daanage. If insurance or condemnation praceeds are paid in connection with damage to, or the taldng of, the Properly, Borrower shall be respansible for r�pa�iring or restoring the Property only if I.ender has released praceeds far such purposes. Lender naay disburse proceeds for the repairs and restoration in a single payraent or in a series of progress payments as the work is completed. If the insurance or condemnation praceeds are not 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 i.nspections of the Property. If it has rcasonable cause, Lender may inspect the interior of the improvements on the Property. L,ender shall give Borrawer notice at the time of or prior ta such an interior inspection specifying such reasonable cause. $. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, Borrower or any persons ar entities acting at the direcCion of Barrower or with Borrower's knowledgc or consent gave materially fal,se, misleading, or inaccurate informatian or statements to Lender (or failed to provide Lender r�vith material information) in connection with the Laan. Material representations include, but are not limited to, representations cancerning Borrower's occupancy af the Property as Borrower's principal x�.sidence. NEBRASKA - Singla Family - FanNe Maa/Fraddia Mac UNIFpRM INSTRUMENT �-B�NE► �p8i i� Pape 7 ot 15 inaia�s Fnrm 3028 7/01 •i� � (�1.�r?�`� � r