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2oioo9o3� work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse praceeds for the repairs and restoration in a single payment or in a series of progress payments as the wark is completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid an such insurance proceeds, Lender shall not be required to pay Borrower any interest or earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Borrower shall not be paid aut of the insuraunce proceeds and shall be the sale abligation of Bprrower. If the restoration or repair is not economically feasible or L.ender's security would be lessened, the insurance proceeds shall be applied to the sums secured by this Security Instrument, whether or not tben due, with the excess, if any, pai.d to Borrower. Such insurance proceeds shall be applied in the order provided for in Section 2. If Borrower abandons the Property, Lender rnay �ile, negotiate and settle any available insuraz�ce claim and related matters. If Borrower does not respond within 30 days to a notice from Lender that the insurance carrier has offered to settle a claim, then Lender may negotiate and settle the claim. The 30-day period will begin when the notice is given. In either event, or if Lender acquires the Property under Section 22. or otherwise, Borrawer hereby assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount not to exceed the amaunts unpaid under the Note or this Security Instrurnent, and (b) any other af Borrawer's rights (other than the right to any refivad of unearned premiums paid by Borrower) under a11 insnrauce policies covering the Froperty, insofar as such rights are applicable ta the coverage of the Property. Lender may use the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the Note or this Security Instrument, whether or not then due. 6. Occupancy. Borrower shall accupy, establish, and use the Property as Borrower's principal residence within 6Q days after the executian of this Security Instrurnent and shall continue to occupy the Property as Borrower's principal residence for at least one year after the date of occupancy, unless Lender atherwise agrees in writing, which consent shall nat be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Property; InspectIons. Borrower shall not destroy, damage or irnpair the Property, allow the Property to deteriorate or commit waste on the Property. Whether or not Bvrrower is residing in the Property, Barrower shall maintain the Property in order to prevent the Property fronn deteriarating ar decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that repair or restoration is not econonwically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in connection with darnage to, or the taking of, the Froperty, Borrower shall be respansible for repairing or restoring the Property only if Lender has released proceeds for such purpases, Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. If the insurance or condernnation proceeds are not sufficient ta repair or restore the Property, Borrower is not relieved of Borrower's obligation for the completion of such repair or restoration. I..ender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender amay inspect tk►e interior of the improvements on ihe Property. Lender shall give Borrower notice at the time of or prior to such an interior inspection specifying such reasanable 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 direccion of Borrower or with Borrower's knowledge or consent gave materially false, misleading, or inaccurate infoarmation or statements to Lender (or failed to provide Lender with material information) in connection with the I.aan. Material representations include, but are not limited to, representations concerning Borrawer's occupancy of the Property as Borrower's principal residence. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUM�NT '/ �^g�NE) (0871) , Pege 7 of 16 inictais:�V Form 3028 7/01 � . �: y ; .� b � .