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2oioosss5 work has been conapleted ta Lender' s satisfaction, provided tk�at such inspection shall be undertaken promptly. Lender �nay disburse proceeds for the repairs and restoration in a single payment or in a series of progress 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 shall not be required to pay Borrower any interest or earnings on such proceeds. Fees for public adiusters, or other third parties, retained by Borrower shall not be paid out of the insurance proceeds and shall be the sole obligation of Borrawer. 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 proceeds shall be applied in the order provided for in Section 2. If Borrower abazadons the Property, Lender may �le, negotiate and settle any available insurance claim 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 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 Froperty under 5ection 22 or otherwise, Borrower hereby assigns to Lender (a) $orrower' s rights co any insurance proceeds in an amount not to exceed the amaunts unpaid under the Note or this Security Instrument, and (b) any other af Borrower' s rights (other than the right to any refund of unearned premiums paid by Borrower) under a11 insurance policies covering the Property, insofar as such rights are applicable to the coverage of the Prpperty. Lender may use the insurance proceeds either to repair or restore the Property or to pay arnounts unpaid under the Note or this Security Instrument, whether or not then due. 6. Occupancy. Bprrower sha11 occupy, establish, and use th� Property as Borrower' s principal residence within 60 days after the execution of this Security Instrurnent 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 beyoand Borrower' s control. 7. Preservation, Maintenance and Protection of the Property; Inspectians. Borrower shall not destroy, damage or impair the Property, allow the Property to deteriorate or comrnit waste on the Prpp�rty. Whether or not Borrower is residing in the Property, Borrower shall maintain the Property in prder to prevent the Property from deteriorating or decrea,aing in value due to its condition. Unless it is determinad pursuant to Section 5 that repair or restoratian is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further detarioration or damage. If insurance 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 �.ender 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 completed. If the insurance or condemnation proceeds are not sufficient to repair or restore the Property, Borrower is not relieved of Sorrower's obligatian 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 reasanable cause, Lender may inspect the interior pf the improvements on the Property. Lender shall give Bprrower notice at the time of or prior to such an interior inspection specifying such rea,sonable cause. 8. Sorrower's Loan Applicatian. Borrower sha11 be in default if, during th� Loan application process, Borrower or any persons or eantities acting at the direction of Borrower or with Borrower' s knowledge or consent gave materially false, misleadin�, or inaccurate information or statements to Lender (or failed ta provide Lender with material infarmation) in connection with the Loan. Material representations include, but are not limited to, representatians concerning Sorrower' s occupancy of the Property as Borrower' s principal residence. 230974 NEBRASKA - Single Family - Fannfe Mae/Freddie Mac UNIFORM INSTRUMENT 1, 1 �•6(NE) �oeii� Page7 0( 15 Initials: �W Form 3028 1/01 �