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201009244 work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken prarnptly. Lender may disburse proceeds for the repairs and restoration in a single paynnent or in a series of progress payments as the work is completed. Unless an agreement is rnade in writing ar Applicable Law requires interest to be paid on such insurance proceads, Lender shal] npt be required to pay Sorrower any interest or earnin�s an 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. 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 tlus Security lnstrurnent, whether or nat then due, with the excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the oz'der provided for in 5ection 2. If Borrower abandons the Property, Lender znay file, negotiate and seCtle 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 claun, then Lender may negotiate and settle the claim. The 30-day period will begin when the notice is given. In either event, or if Lender acquires the Property under Sectian 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 ar this 5ecurity Instruament, and (b) any other of Borrower' s rights (other than the right to any refund of unearned prexniuxns paid by Sorrower) under all insurance policies covering the Property, insofar as such rights are applicable to the coverage of the Properiy. Lender may use the insurance proceeds either to repair or restore the Prqperty or to pay arnounts unpaid under the Note or this Security lnstrument, whether or not then due. 6. Occup�ncy. Borrower shall occupy, establish, and use the Property as Borrower' s principal residenc� within 60 days after the execution of this Security Instrument and shall continue to occupy the Property as Borz'nwer' s principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unxeasonably withheld, or unless extenuating circumstances exist which are beyond Borrower's control. 7. Preservation, Maintenance and Protection af the Prdperty; Inspections. $arrower shall not destroy, damage or impair the Property, allow the Property to deteriorate or commit waste on the Praperty. Whether or not Borrower is residing in the Property, $onrower shall maintain the Property in ord�r to prevent the Properiy from deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Sectioan 5 that repair or restoration is not economically feasible, Bonrower shall promptly repair the Properiy if damaged to avoid further deterioration or damage. If insurance or condemnatian proceeds are paid in cannection with damage to, 4r the talcing of the Property, Borrower shall be responsible for repairing or restoring the Properiy only if Lender has released proceeds for such purposes. Lendar may disburse proceeds for the repairs and restoratian in a single payment or 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, Sorrower ia not relieved of Horrower' s obligation for the completion of such repair or restoration. Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender rnay inspect the interior of the improvements an the Property. Lender shall give Borrower notice at the tirne of or prior to such an interior inspection specifying such reasonable cause. 8. Borrower's Loan Applicadon. Borrower shall be in default if, during the Loan applicatipn prpcess, Borrower or any persons or entities acting at the direction of Borrower or with Borrawer' s knowledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material informatipn) in connection vvith the I�oan. Material representations include, but are nat limited to, representations concerning Borrower' s occupancy of tk�e Property as Borrower's principal residence. 230994 NEBRASKA - 5ingle Family - Fannie M aelFreddle M ac UNIFbRM INSTRUM ENT �-F!'NE) (0811) PagB 7 Of 15 inisiais: Form 3028 �/0'� �