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�Q1009075 work has been completed to Lendcr's satisfaction, provided that such inspection shall be undertaken promptly. Lcndcr may disbursc proceeds for thc repairs and restoration in a singlc payment or in a scries of progress payments as the work is completed. ilnless an agreement is made in wr or Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not be required to pay Borrower any interest or earnings on such proceeda_ Fees for pnblic adjusters, or other third parties, retained by Burrower shall noi he paid oui c�f lhe in�urance proceed;; and Shdll be lhe sole ohligalion oF Borrower. If the restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceed5 shall be applied to the sume secuted by this Security Instnunent, whether ot not then due, with lhe excess, if any, �aid to Borrowet. 5uch insurance proceeds shall be applied in the order provided for in Section 2. If Borrowcr abandons thc Property, Lendcr may Cle, negotiatc and settic any availablc insurancc; claim and related matters. If Bortower does not respnnd within 30 days to a notice frorn Lender that the insurance cuttier has offered to s�ttle a claim, then Lender may negotiate and settle the claim. The 30-day period will begin when the notice is given_ Tn either event, or if Lender acquires the Property under Secti�n 22 or otherwise, Borrower hereby assign:� to Lendc�r (a) Borrower'h rtighls to any intiurance proceeds in an amouant not to exceed the amounts unpaid undet t�ie Note ot this Security Instrumenl, and (b) any other of Botrower's rights (other khan the right to any refund of unearned premiumh paid by Borrower) under all in�utance policies covering the Property, insofar as such rights are applicable to the coverage of the Property. Lender rnay use the insurance ptoceeds �ithet to repair or restore the Prc�periy or to pay arnnunts unpaid undcr thc Note or this Sccurity Instnunent, whcther or not thcn due. b. Occupancy, Sorrower shall occupy, cstablish, and use the Property as Borrower';� principal residence within 60 days after the execution c�f this Security Instrument and shall continue to occupy the Property as Borrower's principal residence for at least one year afler the date of occupancy, unless Lender otherwitie xgrees in wr which ec�nsent tihall not be unreasonably withheld, r�r unless exir;nualing circunristances exiat which are beyond Borrower's control. 7'. Preservation, Maintenance and Protection of the Property; Inspections. Sc�rtower shall not destroy, damage or impair the Property, allow the Property io deteriorate nr commit waste on the Property. Whether ar not Borrower is residing in the Property, Bcrrrower shall maintain the Property in order to prcvcnt the Property from deteriorating ot decrcasing in valuc due to its conditi�n. Unlcss it i� determined [�ursuant to Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or candemnaiinn proceeds are paid in connection with damage to, or the taking of, the Property, Borrower tihall be respontiihle for repairing or resloring the Property only if Lcnder ha5 released proceeds for wuch purposes. Lender may clisburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. If the insutance or c�ndemnation proceeds are not sufficient to rcpair or restare the Property, Iionower is not rclieved of Borrower's obligation for the completion of such, repair or restoration. Lendcr or its agent may mstke rcasonable entries upon and inspections of the 1'roperty. If it has reasonablc cause, Lendcr may inspect the intcrior of thc improvemcnts on the Property. Lender shall give Bortower noticc at the time of or prior to such an interior inspection specifying such teasonable cause. $. $urrower'� I,uun Application, Borrower shall be ip default if, during the Loan applicai'ron process, Bnrrower or any persunti c�r entitieti acting ai lhe direction of Borrower c�r with Burrower's knowledgc or consent gave materially false, misleading, or inaccurate infortnation or statements to Lender (or failed to provide Lender with maierial information) in connection with the Loan_ Material representations include, but are not limited to, representations conccrning Borrower's occupancy of the Property as 13orrower's hrincipal residence. NEBRASKA- Single Family - Fannle MaelFreddle Mac UNIF�RM INSTRUMENT � ��(NE) �oa�i� Paga 7 of 15 i��c�eis: Form 3D28 1/01