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201048934 work has been completed t�� Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the wc�rk is completed. Unless an a�reement is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not be reyuired to pay Borrcwer any interest or earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Borrower shall not he paid out of the insurance procceds and shall be the sole obligation of Borrower. If the restoration or repair is not economically feasible or Lender's sec�irity 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, It 3Ily paid to Borrower. Such insurance procecds shall he applied in the order provided f'or in Section 2. If �orrower abandnns the Property, Lender may file, negotiate and settle any available insurance claim and related matters. If Borrower does not respond within 30 days to a notice from l.ender that thc insurance carrier has offered to settle a claim, then Lendcr may negotiate and settle the claim. The 30-day period will begin when the notice is given. I�� either event, or if Lendcr acquires the F'roperty under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount not to exceed thc amounts unpaid under the Note or this Security Instrument, and (h) any other of 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 Property. [,ender may use the insurance proceeds either to repair or restore the Prpperty or to pay amounts unpaid under the Note or this Security instrument, whether or not then due. 6. Occupan�y. Borrower shall occupy, establish, and use the Property as Borrowcr's principal residence within GO days after the execution of this Security Instrument 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 agrces in writing, which consent shall not be unreasonably withheld, or unless cxtenuating circumstances exist which are beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Bc�rrower shall not destroy, damage or iinpair the Property, allow the Property to deteriorate or comniit waste on the Property. Whether or not Borrower is residing in the Pz'operty, Borrower shall maintain the Property in order to prevent the Property from deteriorating or decreasing in value due to its condido�a. Unless it is determined pursuant to Section 5 that repair or restoration is not economically feasible, Boz shall ��romptly repair the Property if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in connection with damage to, or the taking of, the Property, Borrower shall be responsible tor repairing or restoring the Prnperty only if Lender has relcased proceeds for such purposes. Lcnder may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is co�npleted. 1f the insurance or condeznnation proceeds are not sufficient to repair or restorc the Property, Borrower is not relieved of Borrower's obligation for the complction of such repair or restoration. I..ender or its agent may rnake reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender shall give Borrower notice at the time of or prior to such an interior inspection specifying such reasonable cause. S. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, Borrower or any persons or entities acting at the direction of' Borrower or with Borrower's knowledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed ro provide Lender with material information) in connection with the Loan. Material representations include, but are �iot limited to, representations concerning Borrower's occupancy of the Property as Borrower's principal residence. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-61NE) �osii� P�ge70f 15 i��t� : �� Form 3028 1/01 � , r: � g�`+ r'� �,, y