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201009147 work has been compl�ted to L.ender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse proce�ds for the repairs and restoration in a single payment or in a series af progress payments as the work is completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, L.ender shall not be required to pay Barrower any interest or earnings on such proce�ds. Fees far public adjusters, or other third parties, retained by Borrower shall not be pazd 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 surns secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the order provided far in Section 2. If Borrower abandons the Property, l.ender may �le, negatiate and settle any available insurarxce claim and related matters. If Borrawer does not respond within 30 days to a noticE from Lender that the insuxance carrier has offered to settle a claim, th�n L.ender may negotiate and settle the clai:m. 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, 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 Instnurrent, and (b) any other of Borrower's rights (other than the right to any refund of unearned premium�s paid by Borrower) under a11 insurance policies cavering the Property, insofar as such rights are applicable to the caverage of the Property. Lender may use the insurance proceeds either to repair or restore the Properiy or ta pay amounts unpaid under the Note or this Security Instrument, whether or not then due. 6. Occupancy. Borrower sha11 accupy, escablish, and use the Property as Bort'ower's principal residence within 60 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 agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower's cvntrol. 7. Preservation, Maintenance and Protection of the Piroperty; �nspections. Borcower shall not destroy, damage or impair the Property, allaw the Property to deterioxate or connmit waste on the Property. Whether or not Borrower is residing in the Property, Borrower shall maintain the Property in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is deter�r►ined puxsuant ta Section 5 that repair oar restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration or darnage. If insurance or condemnation proceeds are paid in connection with darnage to, or the taking 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 ar in a series of progress payments as the work is completed. If the insurance or condemnation proceeds are not sufficient to repair or restore the Property, Borrower is not relieved of Borrower's obligation for the completion of such repair ar restoratian. I,ender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender may inspect the interior of the irnprovements on the Property. L.ender shall give Borrower notice at the time af or prior ta such an interior inspection specifying such reasonable cause. 8. Sorrower's Loan Application. Bonower shall be in default if, during the Laan application process, Borrow�r or any persons or entities acting at the direction of Borrower or with Borrower's knowle�ge or consent gave materially false, misleading, ar inaccurate information or statements to L.ender (or failed to pravide Lender with material infarmation) in connection wiCh the L.oan. Material representatians include, but are not limited ta, representations concerning Borrower's occupancy of the Property as Borrower's principal residence. NEBRASKA - 5ingie �amily - Fannie Mae/Freddie Mac UNIFQRM INSTRUMENT IA, �-fi�NE) 10811) Page 7 of 15 In+tials: V V•�' � FOrm $U�$ 7/Q1 � ;i+�g..��li.�� .�._