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��-R�CORDED 2 o i o 0 5 i 7 i 2oioo93s3 work has been completed to Lender's satisfaction, provided that such inspe�tion shall be undertaken promptly. L.ender may disburse proceeds for the r�pairs and restoration in a single payrnent or 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 proceeds, Lender shall not be required to pay Borrower any interest or eamings on such proceeds. �e�s for public adjusters, or other third parties, retained by Borrower shall not be paid out of the insurance proceeds and shall be the sole abligation of Borrower. If the restoration or repair is not economically feasible or Lender's security woutd be lessened, the insurance proceeds shall be applied to the surns secured by this Security Instrument, whether or not then due, with the excess, if any, paid to $orrower. Such insurance proceeds shall be applied in the order provided for in Section 2. If Barrower abandons the Property, Lender may file, negotiate and settle any available insurance claim and related matters. If Bonower does not respond wichin 30 days to a notice from Lender that the insurance carrier has offered to settle a clairn, then Lender may negatiate 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 Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights to any insurance proceeds in an arnount not to exceed the amounts unpaid under the Note or this Se�urity Instrurnent, and @) any other of Borrower's rights (other than the right to any refund of unearned premiurns 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 repaiar or restore the Property or to pay arnounts unpaid under the Note or this Security Instnunent, whether or not then du�. 6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within b0 days after the exeeution of this Security Instrument 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 agre�s in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower's control. 7. Preservatian, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, darnage or i�npair the Praperty, allow the Property to deteriarate or commit waste on the Property. Whether or not Borrower is residing in the Property, Borrower shall maintain the I'raperty in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is deternuned pursuant to Section 5 that repair or restoration is not econoxnically feasible, Borrower sha11 promptly repair the Property if damaged to avoid further deterioration ar damage. If insurance or condemnation praceeds are paid in connectian with darnage to, or the taking af, the Property, Borrower shall be responsible for repairing or restoring the Property only if Lender has released proc.eeds for such purposes. Lender rnay disburse proceeds for the repairs and restoration in a single payment or in a series af progress payrnents as the work is completed. If the insurance or condemnation proceeds are not sufficient to repair or restore the Property, Borrower is not relieved of Borrower's obligation for the completian of such repair or restoration. Lender ar its agent may make reasonable entries upon and inspectians of the Property. If it has reasonable cause, Lender nnay inspect the interior of the improvements on the Property. l.,ender shall give Borrower natice 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 rnaterially false, nr�isleading, or inaccurate inforn�ation or staternents to Lender (or failed to provide Lender with material information) in connection with the Loan. Material representations include, but are not limited to, representations concerning Borrower's occupancy of the Property as Borrower's principal residence. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �•6fNE) �osiil Page 7 of 15 i��tiais: Fqrm 3028 1/01 � � � $ � � r� �t �# , . , .