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201009150 work has been completed to Lender's satisfaction, pravided that such inspection shall 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 completed. Unless an agreement is made in writing or Applicable Law requires interesC to be paid on such insurance proceeds, Lender shall not be required to pay Barrower 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 Bc�rrower. 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 to Borrower. Such insurance proceed:� shall be applied in the order pravid�d for in Section 2. If Borrower abandons the Property, Lender may �le, negotiate and settle any available insurance 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 clann, then Lender may negatiate and settle the claim. The 30-day period will begin when the notice is given. ln either event, or if� Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to Lender (a) &�rrower's rights to any insurance proceeds in an amaunt nat to exceed the amounts unpaid under the Note ar this Security Instrument, and (b) any other of Borrower' s righta (other than the righ� to any refund of uneamed prerniums paid by Borrower) under a11 insurance policies covering the Property, insofar as such rights are applicable to the covera�e of the Property. Lender may use the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the Nate nr this Security Instrument, whether or not then due. b. Occapancy. Borrower tihall occupy, establish, and use the Property as Borrower' s principal residence within 60 days after the execution of this Security Instrument and shall continue to occupy the Froperty as Borrower's principa] 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 control. 7. Preservation, Maintenance and Protection of the Praperty; Inspections. Borrower shall not destroy, damage or impair the Property, allow the Property to deteriorate ar commit waste on the 1'roperty. Whether or not Borrower is residing in the Property, Borrower shall maintain the Froperty in order to prevent the Praperty frpm det�riarating or decreasing in value due to its condition. Unless it is deterrrxined pursuant to Section 5 that repair or restoration is not economically feasible, Sorrower shall promptly repair the Properiy if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in connection with dama�e to, or the taking of, the Propert.y, 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 or in a series af 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 Bprrower's obligation for the completion of such repair or restoration. Lender pr its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender may inspect the interior of the impx'ovements an Che Property. Lender shall �ive Borrower natice at the time of or prior to such an interior inspectian specifying such reasonable cause. 8. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, Borrawer or any persons or entities acting at the directian aF Borrower or with Borrower' s knowledge or consent gave rnaterially false, misleading, or inaccurate information pr statements to Lender (or failed to provide Lendsr with material information) in connection with the Loan. Material representations include, but are not limitad to, representations concerning Borrower's occupancy of the Property as Borrower's principal residence. 230991 NEBRASKA - Single Family - Fannie M aelFreddie M ac UNIFORM INSTRUM ENT �-6(NE)�oeii� Pege7of15 Initials: � orm3028 1101 �