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201U49331 work has been cornpleted to Lender's satisfaction, provided that such inspectian shall be undertaken prornptly. Lender may disburse proceeds far the repairs and restoration in a single payrnent or in a series of progress payrnents as the work is completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid vn such insurance proceeds, L.cnder shall nat be required to pay Borrower any interest or earnings on such proceeds. Fees far public adjusters, ar other third parties, retained by Borrower shall nat be paid out of the insurance proceeds and shall be Che sale obligation of Borrower. If the restoration or repair is not economically feasible or I,ender's secur�ty would be lessened, the insurance proceeds sha11 be applie�i to the surns secured by this Security Instrument, whether or nat then du�, with the excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the order pravided for in Section 2. If Borrower abandons the Praperty, Lender may file, negotiate and settle any available insurance claim and related matters. If Borrower does not respond within 30 days to a notice frorn 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 Lender acquires the Property ulider Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights to any in�++�p proceeds in an arnount not to exceed the a�mounts unpaid under the Note or this Se�urity Instru�rn, and (b) any other of Borrower's rights (other than the right to any refu�ad of unearned premiums paid by Borrawer) 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 Property or to pay amounts unpaid under the Note or this Security Instrurnent, whether or not then due. 6. Occupancy. Barrower shall occupy, establish, and use the Property as Borrower's principal residence wiChin b0 days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower's principal residence for at least ane yeaz after the date of occupancy, unless L,�nder otherwise agrees in writing, which cons�nt shall not be unreasonably withheld, or unless extenuating circurnstances exist which are beyond Borrower's control. 7. Preservatian, Maintenance and Protection of the Property; inspec#ions. Borrower sha11 not destroy, damage or impair the Property, allow the Property to deteriorate or cornnr►it waste on the Property. Whether or not Borrower is residing in the Property, Barrower shall rnaintain tlxe Property in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is detetrnined pursuant ta Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to a�oid further deterioration or damage. If insurance or condemnation proceeds are paid in connection with damage to, or the taking of, the Property, Borrower shall be responsible for repairing or restoring the Property only if L.ender has released praceeds for such purposes. Lender may disburse proceeds for the repairs and restaration in a single payment ar in a series of progress payrnents as the work is completed. If the insurance or condemnatian proceeds are not sufficient to repair or restore the Property, Borrower is not relieved of Borrower's obligation for the campletion of such repair or restoration. Lender or its agent rnay rnalce reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender rnay inspect the interior of the improvements on the Property. Lender shall give Borrower notice at the tune af or prior to such an interior inspection specifying such reasonable cause. 8. Barrower's Loan Application. Borrower shall be in default if, during tt�e Laan application process, Borrower or any persons or entities acting at the direction of Borrower or with Borrower's knowledge or consent gave rnaterially false, rnisleading, or inaccurate inforrnation or staternents to L.ender (or failed to provide L,Qnder with rnaterial information) in connection with the Loan. Material representations include, but are not lirnited to, representations concerning Borrower's occupancy of the Praperty as Borrower's principal residence. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM IIVSTRUMENT �-6�NE) (ost �1 Page 7 of 15 Initials: � Form 3028 1/01 - � Y � ..,�, 'j�, 1 ti�?6'lr..w