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2oioossoo work has been compl�ted tp L,ender's satisfaction, provided that such inspection shall k�e undcrtakc:n promptly. Lender may d'rsburse proceeds for the repairs and restoration in a singlc paymc:nt nr in a s�ries of progress payments as the work is completed. Unless an agreement is made in writing ar Applicable I.,aw requires interest to be paid on such insurance proceeds, I.ender shall not be requir�d ta pay Barrawer any interest ar �arnings on such proceeds. Fees for public adjusters, or other lhird parties, r�tain�d by Borrower shall nat be paid out of the insurance proceeds and shall be the sole obligafion af F3c�rrc�wer. If tl�� r�skoratian ar repair is not economically feasible or Lender"s security would b� l�sssned, the insuranc� 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 appli�d in the arder pravided for in Section 2. Tf Borrower abandans the Property, Lender may file, negotiate and settle any available insurance claim and xelated matters. If Borrower does not respond within 30 days to a notice from Lender that the insurance carricr has affered ta settle a claim, then Lender may negotiate and settle the claim. "f`he 30-day period will begin when the notice is given. In either event, or if L.ender acquires the Property under Sec[ian 22 ar aWerwise, Borrower hereby assigns to Lender (a) Borrower's rights to any insurance prac��ds in an amount not to exceed the amounts unpaid under the Note or this Security Instrument, and (b) any other of Borrower's rights (other than the right to any refund of uncamed premiums paid by Borrower) under all insurance policies covering the Property, insofar as such rights are applicable ta th� coverage of the Yroperty. I,end�r may use th� insurance prac�eds either ta repair or restore the Property or to pay amounts unpaid under the Nc�tr: G�r this S�curity Instrument, whether or not then due. 6. Occupancy. Borrc7w�r shall accupy, establish, and use the Property as Borrower's principal residence within 60 days after [he execution af this S�:curity Instrum�nt and shall cantinue to accupy th� Property as Borrower's principal r�sid�nc� fur a[ least un� y�ar after the date af occupancy, unless Lender otherwise agrees in writing, which cons�nl shall nal b� unreasana.bly withheld, or unless extenuating circumstances exist which are h�yc�nd Borrawer's cantrol. 7. Prescrvation, Maintenance and Protection of the Property; Ynspections. Borrower shall not destroy, damage or iznpair th� Pruperty, allaw the Praperty to d�tsriarate ar commit waste on th� Pre�perty. Whsth�r ��r not Borrower is residing in the Praperty, Borrawer shall maintain the Praperty in order ta prcvcnt thc Property frqm deter'rorating or decr�asing in valu� due to its candition. Unless it is determined puz'suant ta Section 5 that repair or restoratian is nat ecanomically feasible, Barrawer shall pron:xpkly r�pair thc Property if damaged to avoid further deterioration or damage. If insurancC or cc�nd�mnatian proceeds are paid in connectian with darnage ta, ar the taking af, the Property, Barrawer shal] b� respons'rble for repairing or restoring the Property only if I,.ender has released proceeds for such putpas�s. Lender may disburse proceeds for the repairs and restoratian in a single payment or in a series af progress payments as the work is completed. If the insurance or condemnation proceeds are not sufficient ta repair or restore the l�roperty, 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 Prc�perty. Tf it has reasonable cause, Lendcr may inspect the interior of the improve:ments on th� Property. I,ender shall givc �orrower notice at thG tim� of Ur priar ta such an int�riUr izasp�ctic�n spccifying such r�asonabl� c:ausc. $. Borrower's Loan Applicati�>n. Borrower shall be in default if, auring the Lc�an application pr�cess, Borrower or any p�rsons c�r �ntiti�s acting at the direction of Borrower or with Borrower"s knowledge or consent gave materially False, misleading, or inaccurate information or statements to T.ender (ar failed ta provide Lender with material infarmatian) in conn�ctian witlx th� I.,aan. Matcrial r�pr�s�ntatior� include, but are not lirnited ta, repr�s�nlatiaz�.s concerning Borrawer's occupancy of the Property as Borrower's principal residence. NEBRASKA - Single Family - Fannie Mae/Freddis M�c UNIFORM INSTRUMENT Q y�;�-B(NE) wa� � i Page 7 of 15 �nitia�a: Fqrm 3028 1109 �