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2010090$5
<br />wark has beeaa completed to Lender's satisfacrion� provide� c�at such inspection shall be undertaken
<br />pmmptlY- L,�nder may disburse �roceeds for the rcpairs and z�estoxation in a single payment or in a series
<br />of prngress paym�nts as the work is completed. Unless an agre�t is made in writing or Applicable Iaw
<br />requires interest to be paid on such insurance proceeds, Lender shall nat be required w pay �arrower any
<br />interest or earnings an such proce�s. Fe.es foz public adjusters, or other third parties, retained by
<br />Borrower shall not be paid out of the insurance proce�s and shall bc thc sale obligatipn of Banrower. If
<br />the re.storation or repair is not cconomically feasible ar Leander's security would be lessene�, the +n�r�+ri��
<br />proceeds sh�11 bc applied to the sums secured by t�ais Security Ins�t, whether or not then due, with
<br />the exc�,as, if any, Aaid to Borrawer. �cla iinsu�rance proceeds shall be applied in tbe order provided for ux
<br />S�titon 2.
<br />If Born�wer abandons the �roperty, Y.ender may �ile, negotiatc a�d s�tle ar�y available insurance
<br />claim and related mattexa. If Borrower doos not �nd within 30 days W a notice firona I..ender that th�
<br />i�asuram�e carrier has offered to s�tle a claim, then I.�end�er may negatiate and se�tle the claim. The 30�1ay
<br />peri.od will begin when the notice is givcn. In either event, ar if Y.ender acc�;uires the Property under
<br />S�ion 22 or otherwise, Borrower hereby assigns ta L,en,der (a) Horrower's rights � to any insurance
<br />prnceeds in an amount not to exceed the amounts unpaid unde�r the Note or this Security Instrument, and
<br />(b) any othe�r of Borrowe�r's rigb,ts (other t1�an the right to any rcfund of unearned premiums paid by
<br />Borrower) under all insurance policies cavering the Property, insofar as suah righCs are applicahle to the
<br />coverage of the Property. Lender may use the insurancc pracacd.s either to repair or restare the Pnoperty or
<br />to pay amounts unpaid under the Note or this Security Instrum�nt, vt+hether or not theu due.
<br />6. Ocxupa.ucy. Borrovver s�hall occupY, establish, and use the Prop�rty as Borrower's principal
<br />residcnce within 60 days after the execution of t�iis Seeurity Instrument and sb,all ooniinue to oeeapy the
<br />Property as Barrawer's pri�ncipal reside�ave for at Ieast one year after the date of accupancy, unless I.ender
<br />atherwise a$rees in writing, which consent shall not be unreasonably wit4held, ar unless extenuating
<br />citt.�wnstances exist which are bsyond Borrovc+er's co�atrol.
<br />'�. Preservatlon, Maintenance and Prntection of the Property; L�spections. Borrower shall not
<br />dcstroy, datnage or impair the Property, allow th� Prnperiy to deteriorate or commit wastc on the
<br />Property. WhcCher or n�at Horrower is residing in the Properry, Borrower shall nnainCain the Property in
<br />order to prevenC the Property from deterioratiag or de�reasing in valuc due w ita conditinn. Unless it is
<br />determined pursuant to Section 5 that repair or restoratian is not ccanomucally feasible, Borrower shall
<br />promptly repair the Property if damaged to avoid further deterioiaticrn or dairiage. If insurance or
<br />condemnation procee�s are paid in connection with damiage to, or the taking of, the Properiy, Borrower
<br />shall be responsible far repairing or restoring the Property o�aly if Lender has released praceeds fnr such
<br />purposes. Lender may disburse prac�eds for the repadns and restoration in a single payz�ent or in a series of
<br />progress payme�nts as the work is compl�ed. If the insurance ar �on proceeds arB not sufficient
<br />to repair or restore the P,toperty, Ho�rnnwer is not relieved of Bormwer's obligation for the completion of
<br />such repair or restoration.
<br />L.ender ar its agent may matce raasanablc e�na�ie� upon and inspectians of the Praperty. If it has
<br />rcasonable cau�se, L,c�ndcr may inspect ttac iuxterior of tt►e improve�ents on the Pmperty. L,�nder sha11 give
<br />Sorrower natice at the time of or p�ior to such an interior inspection spe�ifying sucb, reasoz�able cause.
<br />$. Borrowe9r'a Loan Appllcatlun. Bonrawer shall be in default if, during the Loan application
<br />pracess, Borrowe�r or any persans ar e�ties acting at t�e directiaa of Hormwe�r ox with Borrower's
<br />knowledge or consent gavB materially false� mieleadi.ng, or inaccurate infonmatian or statements to L.ender
<br />(rnr failed W provide Lender with material information) in coz�nection with the Loan. Material
<br />representatians include, but are not limited to, representations conccrn�iang Bonrower's occupancy af the
<br />Property as Borrower's principal resideaace.
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<br />NEBRASKA - Singie Family - Fsnnh Mae/Frsddb Mac UNIFORM INSTRUMEN'T'
<br />�-BINE) ios� u Peoe r m� 5 ' inida�s: � Fprm 3Q�8 1/01
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