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20100904� work has been completed ta Lender's satisfaction, provided that such inspection sha11 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 work is campleted. Unless an agreernent is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lernder 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 out of the insurance proceeds and shall be the sole obligation of Borrower. If the restoration or repair is not economically feasible or Lender's security 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, if any, paid ta Borrnwer. Such insurance proceeds sha11 be applied in the order provided for in Section 2. If Borrower abandons the Praperty, Lender may file, negotiate and settle any available insurance claim and related rnatters. lf Borrower does not respond within 30 days to a notice from Lender that the insurance carrier has offered to settle a clairn, then Lender may negotiate and settle the claim. The 30-day period will be�in when the notice is given. In either event, or if Lendar acquires the Property under Section 22 or atherwise, Borrower hereby assigns to Lender (a) Borrower' s rights to any insurance proceeds in an amount not to exceed the amounts unpaid under the Note or this Security Instrument, and (b) any other of Borrower' s rights (other tk►an the right to any refut�d of unearned premiums paid by Borrawer) under all insurance policiea covering the Property, insofar as such rights aze applicable to the coverage of the Praperty. Lender may use the insurance proceeds either to repair ar restore the Property or to pay amounts unpaid under the Note or this Security Instrument, whether or nat then due. 6. �ccupancy. Borrower shall occupy, establish, and use the Property as Bprrower' s principal residence within 60 days after the execution of this Security Instrument and shall continue ta occupy the Property as Borrower' s principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall npt be unreasonably withheld, or unless extenuating circumstances exist which are beyond Sorrower' s control. 7. Preservation, Maintenance and Protection of the Prope�rty; Inspections. Borrower sha11 not destroy, damage or impair the Property, allow the Property to deteriorate or comm:it waste on the Property. Whether or not Borrower is residing in the Property, Boxrower shall maintain the Property in order to prevent the Property from deteriorating ar decreasing in value due Co its condition. Unless it is determined pursuant to Section S that repair or restoration is not economically feasible, Sorrower sha11 promptly 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 takin� of the Property, Borrower shall be responsible for repairing or restoring the Property only if Lender has released proceeds for such purposes. Lender may disburse proceeds for the repairs and restoration in a single payment pr in a series of progress payments as the work is campleted. If the insurance or condemnation proceeds are nnt sufficient to repair or restore the Property, Sorrawer is not relieved of Borrower' s obligation for the completion of such repair or restoration. Lender or its agent may xnake reasonable entries upon and inspections of the Property. If it has reasanable cause, Lender may inspect the interior of the improvements on the Property. Lender shall give Sorrawer notice at the time of or prior ta such an interior inspection speci£ying such reasonable cause. 8. Borrower's Loan Application. Borrower shall be in default if, during the Loan applicatian process, Borrower or any persons or entities acting at the direction af Borrower or with Borrawar' s knowledge ar consent gave materially £alse, misleading, or inaccurate information or statements to Lender (or failed ta provide Lender with material infarmation) in connection with the Loan. Material representativns include, but are not limited to, representations concerning Sorro�ver's occupancy of the Property as Borrower' s principal residence. f►�icIl�'I:�I NEBf2ASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUM@NT �-6(NE) �oe�� Page7 of 15 Inilials � Fprm 3028 �/0'� �