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201a09333 work has becn con�pleted tn Lender'ti sulisfaction, provided that such intipection shall be underiaken promptly_ I,ender may �lisbutse proceeds far the rcpairti and restoration in a single paymenf or in u series of progrctiti payments as the work is coinpleted_ lJnletiti an agrcement i� made rn writing or Applicable Luw requires int.eresl to be paid on such inst�rane� prnceeds, Lender shall �ot be required to pay C3orrower any interest or eurnings on such prncccds. Fees fi�r public adjusters, or other tliird partics, retaincd hy Botrower tihail not be paid out of the insurance proceedn and shall he ihe �ale obligation of iinrrnwer_ If the resioratinn or rcpair iG nnt ecanomically feusible or Lender's security would be le�sened, the intiutance proceeds shall be applied to thc sums aecured hy 1.his Securily In5l.rumeni, whether ot nnt then due, with the exccss, if any, paid tn Bc�rrowet. Such insurance proceeds shall be applied in lhe order provided lor in Section 2. If I3orrowCr ahand��ns the Property, Lender may file, negotiate and scttle any available insurance clairn and re;lated matters. If Borrower does not respond within :30 days to a notice trom Lender that the insurance carriet has offeted to settle a clairn, then Lcnder rnay negotiate and settic the claim. '1'he 30-day peri��d will begin when the notice is givcn_ (n cither event, nr if Lender acquireti thc Property it►adcr Sectinn 22 ot olherwise, $orrower hercby as�igns tn Le[ider (a) I3�rrower's rightti to any insurancc praceeds in an amotimt not to excecd the amnunts unpaid under ihe N[�te or this Security .Instrument, and (h) any other of $orrvwer's rights (othcr that� tl�c right to any refuncl of unearned prett�iutris paid hy Borrower) under all insurance policics covering the Pr�perly, ins�far as such riglatti are applicable tn th� coverage of 1.he Properly. Lender may use the itasuratace proceeds either to repair or restare the Property or to ray amaunls unpaid under the Note or this Security Insinxment, whether nr not then dtte_ 6. Occupancy. Borrower shall occupy, cstahlish, and use the Pmperty as I3��rrow�r'� principal re�idence within 60 days alter the execution of thiti 5ccurity Instt�ument and shall continuc to occupy the Pr��perty as Borrower's principal residencc for at Ieast pne year after the ilaie �f occupancy, unletis Lender otherwitie agrees in wriiing, which consent shall not hc unreasonably withhcld, or unlcsti extenuating circiuntitanceti exinl. which ure beyond I3orrower's control_ 7. Preservation, Maintenanee and Protection of the Prnperty; Inspectiuns. E3orrowcr shall not dcstroy, dama�e r>t impair the Property, allow thc Prorerty tn det�riorate or commit wastc on the Property_ Whether vr r►ot Botrowet i5 residing in the Pri�perty, I3orrnwer shall maintain the Property in order to prevent the Property from deterioraling or decreasing in value due to its condiHon. Unless it is detennincd ri�rtivant to Sectinn 5 that repair or restoration iti not economically feasible, Borrower shall prornptly repair the .Property if damaged to avoid fixrther dcterioration or damage_ lf insurance or condemnation praceed� ate paid in connection with damage to, i�r the taking of, thc Prnperty, I3orrowcr shall b� resp��nsihle fi�r repairin� or restoring the Property only if Lender has rcicascd rrocecds for such purposes_ Lender may �lisbuttie proceeds for the repairs and re�toration in a singlc paymcnt or in a scries of progress payttients as fhe work is completed. If the insurancc or condcmnatinn procced� are not sufticient to repair or restore t}ae Properiy, Borrower is not relicved ��f I3orrower's obligation for the complction of such rcpair or retitaration. Lender nr its agent may make teasonable entries upon and inspectinn� of the Prop�rty_ If it hati reasnnable cause, Letider may inspect the interior of thc itnprovement� on thc Property_ Lcndcr shall �ive Ii�rr��wer notice ai t.he time of or prior to such an interiar inspection specifyin� such reatiimahle cause. 8. Bnrrowcr's Loan Applieation. Borrowcr tihall he in default if, during the Loan a�plication process, .Bnrrower or any persons or entitics acting a1 the direction of Borrnwer or with I3orrower'� knowled�e or consenl gave materially falsc, misleading or inaccurate infarmation or statements to Lender (nr 1'ailed lo provide Lender with rnaterial inl'onnation) in conneclion with the Lc>an. Material represenlations include, but are r�ot limited to, representations conceming Borrower's occupancy of the Properly as Sorrnwcr's principal resiclence. NEBRASKA- Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-B�NE�(0811) Page7of15 Initials:Q�� Form3Q28 1/01 9