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201009153 work has been completed to Lender's satisfaction, provided that such inspection shall be undertakan promptly. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the wark is completed. Unless an agreement is made in writing 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 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. lf the restoration or repair is not econpmically feasible or Lender's security would be lassened, the insurance proceeds shall be applied to the sums secured by this Security Instrument, whetlaer or not then due, with the excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the order provided for in Section 2. If Borrower abandons the Property, Lender may file, negatiate and settle any available insurance claim and related matters. lf Borrower daes not respond within 30 days to a notice from Lender that the insurance carrier has offered to settle a claim, then Lender may negotiate and settle the clairn. The 30-day period will begin when the notice is given. In either event, or if �,ender 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 amount5 unpaid under the Note or this Securiry Instrument, and (b) any other of Borrower' s rights (other than the right to any refund of unearned premiums paid by Borrower) under all insurance policies covering the Praperty, insofar as such rights are applicable to the coverage of the Property. Lender may use the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the Note or this Security Instrument, whether or nat then due. 6. Occupancy. Borrower sha11 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 Property as Barrower' s principal residence far at least one year after the date of occupancy, unles5 Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuatin� circumstances exist which are beyond Borrower's control. 7. Preservation, Mainten�nce and Frotection of the Property; lnspections. Borrower shall not. destroy, damage or impair the Property, allow the Praperty to deteriorate or commit waste on the Property. Whether or nat Bprrawer 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 determined pursuant to Section S that repair or restoration is not economically feasible, Borrower shall prornptly repair the Properiy if darnaged to avoid further deteriorativn or damage. If insurance or condemnation prpceeds are paid in connectian with damage to, or the taking of, the Froperty, Borrower shall be responsihle 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 of progress payments as the work is completed. lf the insurance or condemnation proceeds are not sufficient to repair or restore the Property, Borrower is not relieved of Borrower' s obligatian for the completion of such repair or restoration. Lender or its agent may make reasonable entries upan and inspections of the Property. If it has reasonable cause, Lender may inspect the interior of the improvernents on the Property. L�nder shall give Borrower notice at the tixne of or prior to such an interior inspection specifying such reasonabla cause. S. Sorrower's Loan Application. Borrower shall be in default if, during the Loan application process, Borrower or any persons or entities acting at the directipn af Borrower or with Bprrow�r' s knowledge ar consent gave materially false, misleading, or inaccurate in£ormation or statements tv Lender (or failed to provide Lender with xt�aterial information) in conanection with the Loan. Material representations include, but are not lirtaited to, representations concerx�ing Borrower's occupancy of the Property as Borrower' s principal residence. z3o�$5 NEBRASKA - Single Family - Fannie M aelFreddie M ac UNIFORM INSTRUM ENT �-6�NE) �oa�� Page7 af 15 in�t� � Farm 3028 7101 �