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2olooss5� work has been completed ta Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse proceeds for the repairs and restoration in a single payrnent or in a series of progress payments as the work is cornpleted. Utiless an agre�ment is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, I.ender shall not be required to pay Borrower any interest or earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Borrawer shall not be paid out of the insurance proceeds and shall be the sole obligation of Borrower. If the restoration or repair is not econamically feasible or Lender's security would be lessened, the insurance procceds shall be applied to the sums securerl by this Security Instrunnent, whether or not then due, with the excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the order pravided for in Section 2. If Borrower abandons the Property, Lender rnay �le, negotiate and settle any available insurance claim and related matters. Tf Barrower does nat respond within 30 days to a notice from Lender that the insurance carrier has offered to settle a claim, then Lender rnay 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, 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 Barrower's rights (other than the right to any refund of unearned premiwnns paid by Sorrower) 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 arnouz�ts unpaid under the Note or this Security Instrurnent, whether or not then due. 6. Occupancy. Borcower shall occupy, establish, and use the Propez�y as Barrower's principal residence within 60 days after the execution of this Security Instruznent and shall continue to occupy the Property as Borrower's principa] residence for at least one yeaz after the date of occupancy, unless L.ender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower's control. 7. Pireservation, Maintenance and Protection of the Piroperty; Inspections. Borrower shall not destroy, damage or impair the Property, allow the Property to deteriarate or c�mcnit 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 deternuned pursuant to Section 5 that repair ar restoration is not er.onomically feasible, Borrower shall prornptly repair the Property if damaged to avvid further deterioration or darnage. If insuraz�►ce 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 I.ender has released proceeds for such purposes. Lender may disburse proceeds for the repairs and restoration in a single payment ar in a series of progress payments as the work is completed. If the insurance or condemnation proceeds are not suf�icient to repair or restore the Property, Borrower is not xelieved of Borrower's obligation for the cornpletion of such repair ar restoration. Lender or its agent may rnake reasonable entries upon and inspe:ctions of the Property. If it has reasonable cause, Lender may inspect the interior of the improvernents on the Property. Lender shall give Borrower notice at the time af or prior to such an interior inspection specifying such reasonable cause. 8. Sorrower's Loan Application. Borrower shall be in default if, during the Loan application process, Borrower or any persons or entities acting at the direction of Borrower or with Borrower's krnowledge or consent gave materially false, �nisleading, or inaccurate information or stateaments to Lender (or failed to provide Lender with rnaterial infoz�r►ation) in connection with the Loan. Material representations include, but are not lirnited to, representations concerning Borrower's occupancy of the Property as Borrower's principal residence. NEBRASKA - Single Family - Fannie Mae/Freddie Msc UNIFpRM INS7RUMENT �-6�NE) loat t1 Page 7 of t5 Initials Form 3Q28 7/07 � �..�J �i� � �r��t�':j;�i