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2oioos9li <br />work has been completed lo L�ndcr's satisfaction, provided that such inspection shall be undcrtaken <br />promptly. Lendcr may disburse proceeds for the repairs and restoration in a singl� payrnent ar in a series <br />of progress payrnents as the work is completed. Unless an agreement is mad� in writing or Applicable Law <br />r�yuires intersst ta be paid on such insurance proceeds, Lender shall not b� requirsd to pay Barrower any <br />interest or earnings on such proceeds. Fees for public adjusters, Ur Uther third parties, retained by <br />Borrawer shall not be paid out of the insurance proceeds and shall be the sUl� abligation of Borrower. If <br />the restaration or repair is not economically feasible or Lendc.r's security wauid be lessened, the insurance <br />prac��ds shall b� applied to the surns secured by this Security Tnstrument, wh�th�r Ur nat then duc;, with <br />the c;xcess, if any, paid to 13orrower. Such insurance proceeds shall be applied in the arder pxavided faz' in <br />S�ctipn 2. <br />If Borrower abandons the Prop�rty, I.ender tr�ay file, negoti�ate and settle any available insurance <br />claim and related matt�rs. If Baz't'ower does nok respond within 30 days to a notice from T.ender that the <br />insurance carrier has vffer�d tp settle a claim, then Lender may negotiate and settle the claim. The 30-day <br />period will b�gin when the notice is given. In either event, or if Y.ender acquires the Property under <br />Section 22 or otherwise, Borrower hereby assigns to L.ender (a) Borrower's rights to any insurance <br />proceeds in an amount nat ta exceed the amounts unpaid under the Note or this Security Tnstrucnent, and <br />(b) any ath�r af Sorrower's rights (other than the right to any refund of unearned premiuuis paid by <br />Borrower) under all insurancs palicies cavering the Property, insofar as such rights are applicable to the <br />coverage af th� Praperty. L.ender may use the insurance proceeds either to repair or restore the Property or <br />to pay amaunLs unpaid under the Note or this 5ecurity Instrument, whether or not then due. <br />b. Oceu�pancy. Borrower shall occupy, establish, and use the Property as Borrower's principal <br />residence within 60 days after the execution of this Security Instrument and shall continue to occupy the <br />Praperty as Borrower's principal residence for at least one year after the date of occupancy, unless T.ender <br />otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating <br />circumstances exist which are beyond I3orrower's control. <br />7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not <br />destroy, damage or impair the Property, allow the Property to deteriorat� or caammit waste on the <br />Property. Whether or not Borrower is residing in the Property, Borrower shall maintain the Property in <br />order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is <br />determined pursuant to Section 5 that repair or restoration is not economically feasible, Borrower shall <br />promptly repair We Property 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 for repairing or restoring lhe Property only if Lender has rcleased procecds for such <br />purposes. Lender may disburse procecds for thc repairs and restoration in a singlc payment ar in a series �f <br />progress payments as the work is completed. If the insurance or cond�:mnafion proc:e�ds arc not sufPicient <br />to repair or restore the Prop�rty, Barrow�r is nat r�licved of Borrower's obligatic�n Por th� completion of <br />such repair or restoration. <br />Lender or its agenC may make reasonable entries upon and inspections of the Property. Tf it has <br />reasonable cause, Lendcr may inspect the interior of the improvements on the Property. T.ender shall give <br />Bc�rrower notice at the ti�me af c�r priar to such an interior inspection specifying such reasonable cause. <br />$. Borrpwer's Loan Application. Borrpw�r shall be in default if, during the I,oan application <br />process, Borraw�r or any persons ar entities acting at the direction of Borrower or with Borrower's <br />knowledge or consent gave materially false, misleading, or ina�;curate infomaati�n or slat�ments to T,ender <br />(or failed to provide r.ender with material information) in cUnn�ctian witk� the Loan. Material <br />representations include, but are not limited to, representations concerning Borrower's occupancy af thc <br />1'roperty as Borrower's principal residence. <br />N�BRASKA - 5ingle Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT ��` <br />�-6�NE) �oa� n Pe � or i s initia • � Form 3q28 1I01 <br />