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� work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. L.ender may disburse proceeds for the repairs and restoration in a single payment ar in a series of 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 procaeds, Lender shall not be required to pay Borrower aziy interest or earnings on such proceeds. Fees for public adjusters, or ather third parties, retained by Borrower shall not be paid out of the insurance proceeds and shall be the sale abligation 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 this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such insurance proceeds sha11 be applied in the order provided for in Sectian 2. Tf Borrower abandons the Property, Lender may file, negotiate and settle any available insurance clainn and related matters. If Borrower does not respond within 30 days to a notice from L,Qnder that the insura�nce carrier has offered to settle a claim, then Lender may negotiate and settle the claim. The 30-day period will begin when the notice is given. In either event, ar if L.ender acquires the Property under Section 22 or otherwise, Borrower hexeby assigns to L,ender (a) Borrower's rights to any insurance proceeds in an amount not to exceed the amounts uanpaid under the Note ar this Security Instrument, and (b) any other of Borrower's rights (other than the right to any refund of unea�r►ed premiums paid by Borrower) under all insurance policies covering the Property, insofar as such rights are applicable to the coverage of the Property. Lender may use the insurance proceeds either to repair or restore the Praperty or to pay amounts unpaid under the Note or this Security Instrument, whether or not then due. 6. Occupancy. Borrower shall occupy, establish, and use the Property as Borcower's principal residence within 60 days after the execution of this Security Instrurnent 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 control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or irnpair the Property, allow the Property to deteriorate or commit waste on the Property. Whether or not Borrower is residing in the Property, Borrower shall maintain the Property in order ta prevent the Property frorn deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that repair or restaration is not economically feasible, Borrower shall promptly repair the Property if damaged to avaid further deteriaration or damage. If insurance or condemnation proceeds are paid in connection with damage ta, 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 or in a series of progress payments as the wprk is completed. Tf the insurance or condernnation proceeds are not sufficient to repair or restore the Property, Borrower is not relieved of Borrower's obligation for the completion of such repair or restoration. L.ender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, L.ender may inspect the interior of the improvements on the Property. Lender sha.11 give Borrower notice at the time of or prior to such an interior inspection specifying such reasonable cause. 8. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, Borrower or any persons or entities acting at the direction of Borrower or with Borrower's knowledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material information) in connection with the Loan. Material representations include, but are not limited tq, representations concerning Borrower's occupancy of the Property as Borrower's principal residence. NEBRASKA - Single Family - Fpnnie Mae/Freddie Mac UNIFORM INSTRUMENT ;� �-BINE) �oei � � Paae � o+ � 5 in�t�ais: 1"� Form 3028 9/09 ':,�a � fi�s��.�.. .