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2 oloosssi work has been completed to Lender's satisfaction, pravided that such inspection shall be undertaken prornptly. Lender m.ay disburse proceeds for the repairs and restoration in a single payment or in a series of pragress payments as the work is completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shal] 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 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 excesa, if any, paid to Borrower. Such insurance procaeds shall be applied in the order provided for in Section 2. If Borrower abandons the Property, Lender n�ay file, negotiate and settle any available insurance claizz� and related matters. If Borrower does not respond within 30 days to a notice from Lender that the insurance carrier has offered to settle a claiz►a, 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 Praperty under Section 22 or otherwise, Bprrower 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 ri�hts (other than the right to any refund of unearned premiurns 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 repair or restore the Property or to pay amounts unpaid under the Note or this Security Instrurnent, whether or not then due. b. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within 60 days after the execution qf 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 consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower' s control. 7. �reservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or impair the Property, a11aw the Property to deteriorate or commit waste on the Property. Whether ar nat 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 determined pursuant to Section S that repair or rastoratinn is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration or darnage. If insurance or condemnation proceeds are paid in connection with damage to, or the taking of, the Property, Borrower sha11 b� responsible for repairing or restoring the Property only if Lender has released proceeds for such purposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is carnpleted. If the insurance or condemnation proceeds are not sufficaent to repair or restore the Property, Borrower is npt relieved of Borrower' s obligation for the completion af such repair or restoration. Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender rnay 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. $. Sorrower's Loan Applicatian. Borcower shall be in default if, during the Loan application process, Borrowez' or any persons or entities acting at the direction of Borrower or with Borrower' s knowledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material information) in conz�ection with the L.oan. Material representations include, but are not limited to, representations cvncerning Borrower' s occupancy of the Property as Bprrower's principal residence. 230975 NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT �-B(NE) (0811) Paga 7 oi 15 �nitia�s: Form 3028 7/01 �