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20100891� work has been completed to L.ender's satisfaction, provided that such inspection shall be und�rtaken promptly. Lender may disburse proceeds for the repairs and rsstaration in a single paym�nt ar in a series of progress paym�nts as the work is completed. Unl�ss an agreernent is made in wriling ar Applicable Law requires int�r�st to be paid on such insurancc prac�eds, I,ender shall not be requir�d ta pay Borrower any interest ar earnings on such proceeds. F��s far public adjusters, or oth�r third �arties, retained by Borrow�r shall nat be paid out of the ►nsuranc� praceeds and shall be the sole abligatian of Borrower. If the restaration or repair is not economically feasible ar L.ender's security would b� lessened, the insurance prc�ceeds shall be applied to the sums s�:cur�d by this 5ecurity Instrument, whether ar not then due, with the excess, if any, paid to Borrower. Such insurance proceeds shall be applied in ih� order provided for in S�ction 2. If Borrower abandans the Property, Lender may file, negotiate and settle any available insurance claim and relalcd matters. If Borrower does not respond within 30 days to a notice from T.ender that the insurance carrier has offered to settle a claim, then Lender may n�gUtiate and settle the claim. The 30-day period will begin when the notice is givcn. In �ither event, or if Lender acquires the Prop�rty under SuctiUn 22 or otherwise, 13orrower hereby assigns ta I.ender (a) Borrower's rights to any insurance praceeds in an amount not to exceed the. am�tunts unpaid under the Note or this Security Instrument, and (b) any other of Borrower's rights (ather lhan th� right to any refund of unearned premiums paid by Barrawer) under all insurance policics covering [he Praperty, insofar as such rights are applicable to the cov�rage of the Property. Lender may us� the insurance proceeds either to repair or restore the Prapc:rty Ur ta pay amounts unpaid under ihe Nc�t� or this Security Instrument, whether or not then dur:. 6. Occupancy. Borraw�r shall accupy, establish, and use the Property as BUrrawsr's principal residence within 60 days after the �xecutian of this Security Tnstrument and shall cnntinue ta Gccupy the Properiy as Borrower's principal residence for at least one year after the date af acaupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably witt�h�ld, ar nnless extenuating circumstances exist which are beyond f3orrower's control. 7. Pres�rvation, Maintenance and Protection of the PraPcrty; Inspections, Borrower 5narr not destroy, damag� ar impair the Property, allow the Property ta deteriarate or comnlit waste on the Prap�rty. Whether or not Borrower is residing in the Prr�p�rty, Barrower shall maintain the T'roperty in ord�r ta prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 fhat r�pair ar restaration is not economically feasible, Borrower shall promptly repair the Property if darnaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in connection with damage to, or the taking of, the Prop�rty, Borrower shall be responsible for repairing ar restaring the Property only if Lender has released proceeds for such purposes. T.ender may disburse praceeds for the repairs and restoration in a single payment or in a sGries of progress payments as lhe work is completed. If the insurance or condemnation proceeds are nnt sufficient to repair or restore the Pxoperty, Borrowex is not relieved of Barrower's obligation for the completion of such repair or restoratian. L.ender or its agen[ may make reasonable entries upan and inspections of the Property. Tf it has reasonable caus�, I.,�nder may inspect the interior of the iniprovements on the Property. Lender shall give Borrower noticr: at the time of or prior to such an interior inspection specifying such reasonable cause. 8. Barrawer's Loan Application, �orrower shall be in default if, during lhe I,oan application prpc;�ss, Borrower or any persons or entities acting at the direction of Borrowcr ar with BorrUwcr's knowledge or consent gave materially false, misleading, or inaccurate informatiar,t ar statements ta Lender (or failed to providc I.,c:nd�r with rnaterial information) in connection with the Loan. Material representations includc, but are not limited ta, representations concerning Borrower's occupancy of the Property as Borrower's principal residence. NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT �-6�NE) loat �1 Pape 7 of 15 Initiala: �� Form 3028 9�01 �L_