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2oioosss4 work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payrnents as the work is cornpleted. Unless an agreement is made in writing or Applicable Law requires interest ta 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 sha11 not be paid out af the insuarance proceeds amd shall be the sale obligation of Borrower. If the restoration or repair is mot economically feasible or L.ender'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 proceeds sha11 be applied in th.e order provided for in Section 2. If Borrower abandons the Property, Lender may �le, negotiate and settle any available insurance claim and related matters. If Borrower does not respond witYa;in 30 days to a natice from 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 acquires the Property under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights to any insurance proceeds in an amnunt not to exceed the amaunts unpaid under the Note or this Security Instrument, and (b) any other of Borrower's rights (other than the righc to auy refund of unearned premiums paid by Borrower) under all insurance policies covering the Property, insofar as such rights axe 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 Note or this Security Instrument, whether or not then due. 6. Occupancy. Borrower shall occupy, establish, and use the 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 of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or irnpair 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 Property in order to prevent the Property frorn deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration or darnage. If insurance or condennzxation proceeds are paid in connection with damage to, ar 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 rescoration 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 relieved of Borrower's obligation for the completion of such repair or restoration. Lender or its agent may make reasonable entries upon and inspections of the Property, If it has reasonable cause, Lender 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. Borrower shall be in default if, during tha Loan application process, Borrower or any persons or entities acting at the direction of Borrower or with Barrower's knowledge or consent gave materially false, misleading, or inaccurate information or statements to I.ender (or failed to provide Lender with material information) in connection with the Loan. Mate�ial representations include, but are nat limited to, representations concerning Borrower's occupancy of the Property as Borrower's principal residence. NEBRASKA - Singla Family - Fannie Mae/Fraddia Mac UNIFQRM INSTRUMENT �-81�EIlos�il Paqe�oti5 in�t�ais: "�- Form3�28 7/�7 . � _ y ,y �. � r; Ff ,, F ' � ►