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2oioos9o� <br />work has bec;n completed to L.ender's satisfaction, �rc�vided that such inspection shall b� undertaken <br />promptly. Lender rnay disburse proceeds fc�r lh� r�pairs and restoration in a singlc: payment or in a series <br />af prpgress payments as lhe work is campleted. Unless an agreement is mad� in writing or Applicable Law <br />r�quires interest to be paid on such insurance proceeds, L.ender shall not be required to pay Borrower any <br />intsrest or earnings on such praceeds. Fees for public adjusters, or other third parties, retained by <br />Borrower shall not be paid out uf the insurance proceeds and shall be the sale obligation of Borrower. If <br />the restoration or repair is n��t �cc�nomically feasible or r.ender"s security would be lessened, the insurance <br />proceeds shall be applied to the sums secured by this 5ecurity Tnstrument, whether or not then due, with <br />the excess, if any, paid ta Barrawer. Such insurance proceeds shall be applied in the order provided for in <br />Section 2. <br />If Borrower abandons the Property, I.,snder may file, negotiate and settle any availabl� insurance <br />claim and related mattt;rs. If Borrower does not respond within 30 days to a natice from Lender that the <br />insurance carrier has offcrcd to s�ttle a claim, then Lender may negotiate and seCtl� th� clairn. The 30-day <br />period will begin when CI7� [1D[1G� 15 given. Tn either event, or if Lender acquirss the Property under <br />Section 22 or otherwise, Aarrawer hereby assigns to L.ender (a) Borrowcr's rights to any insurance <br />praceeds in an amount not to exce�d the amounts unpaid under the Note or this Security Instrument, and <br />(b) any other of Borrower's rights (ather than the right to any refund of uncarn�d prerniums paid by <br />Bprrower) under all insurance policies aUV�ring the Property, insofar as such rights are applicable tc� the <br />coverage of the Property. Lend�r rnay use the insurance proceeds either to repair or r�star� khe Fraperty ar <br />to pay amounts unpaid under th� Note or this Security Instrument, whether or not then duc. <br />6. Occupancy. Borrower shall occupy, establish, and use thE Property as Borrower's principal <br />residencc within 60 days after the execution of khis Security Instrum�nt and shall continue to occupy the <br />Praperty as Borrower's principal residenc� far at laast une year after the date of occupancy, unless Lender <br />otherwise agrees in writing, which cans�nt shall not be unreasonably withheld, or unlcss exlcnuating <br />circumstances exist which are tx:yc�nd Barrawer's control. <br />7. Preservation, Muint�nanc� and Pt'otection of the Property; Inspections. Borrow�r shall nal <br />destroy, damage or impair the Property, allow the Praperty ta deteriorate or commit waste on the <br />Property. Whether or not Borrowcr is residing in the Property, Borrower shall maintain the Property in <br />order to prevent the Property from deteric�raking ar decrc.asing in value due to its condition. Unless it is <br />determined pursuant to Section S that repair ar restaration is not economically feasible, Bonower shall <br />promptly repair the PxUp�rty if damaged to avoid further deterioration or damage. If insurance or <br />condemnation proceeds are paid in connection with damage to, or the taking of, the Property, Borrower <br />shall be responsible far repairing or restoring the Property o►ily if T.ender has released praceeds far such <br />purposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of <br />progress payments as the work is completed. If the insurance or condemnation procccds ar� nat suffici�n[ <br />to repair or restore th� Property, Borrower is not relieved of 13orrower's obligation for lhe campletion of <br />such repair or restoration. <br />T.ender or its agent may make reasonable entries upon and inspections of lhe Praperty. If it has <br />reasc�nable cause, Lender may inspect the interior of the improvcments on th� Praperty. L.ender shall give <br />Borrawer notice at the time of or prior to such an intericir insp�ctian specifying such reasonable cause. <br />S, Borrower's Loan Application. BarrUwer shall b� in dsfault if, during the Loan application <br />process, Borrower or any persons or entities acting at the directian af Borrower or with Borrower's <br />knowledge or consent gave materially false, misl�ading, or inaccuraCe in.fUrmation ar statements to Lender <br />(or failed to providc: I��nder with material informatian) in cannection with the Loan. Material <br />representations include, but are not limi[�d to, r�pr�sentatians canccrning Borrawer's occupancy of the <br />Property as Bonower's principal residenc�. <br />N�BRASKA - Singls Family - Fsnnie MaelFreddie Msc UNIFORM INSTRUMENT �,/ <br />�-B�NE) �oeiii Paqe 7 of 76 i��c�eig: __�_______ Form 3028 1/01 <br />� <br />