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20��0�� work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse proceerls for the repairs 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 ar Applicable Law reyuires interest to be paid on such insurance proceeds, Lender shall not be reyuired to pay $orrawer any interest or earnings on such procceds. 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 Barrawer. Tf the restoration or r�pair is not ecanomically feasible or L.ender's security would be lessened, the insuranc� praceeds shall be applied to the sums secured by this Security Instzument, whether or not then due, with the excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the order provided for in Section 2. If Borrower abandons the Property, 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 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 Sectian 22 or otherwise, Borrower hereby assigns to Lender (a) $orrower's rights to arty insurance proceeds in an amount not to exceed the amounts unpaid under the Nate ar this Security lnstnunent, and (b) any other of Borrower's rights (ather than the right to any refund af unearned preix�iwns 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 Property or to pay amounts unpaid under the Nate or this Security Instnvment, whether or not then due. 6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within 60 days aftex 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. �orirower shall not destroy, damage or impair the Property, allaw the Property to deteriorate or cominit waste on the Property. Whether or not Borrower is residing in the Property, Borrower shall rnaintain the Property in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that repair or restoration is not economically feasible, Bonower shall promptly repair the Property if damaged to avoid further deterioration or damage. If insurance ar condemnation proceeds are paid in connection with damage to, or the taking of, the Property, Borrower sha11 be responsible for repairing or restoring the Properiy only if I.ender 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 work is campleted. If the insurance or condemnation proceeds are not sufficieant ta repair or restore the Praperty, $orrower is not relieved of Borrower's obligation for the compleCion of such repair or restoration. Lender or its agent may rr�ake reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender may inspect the interior of the irnprovements on the Property. Lender shall give �orrower notice at the time of or prior to such an interior inspection specifying such reasonable cause. $. Borrower's Loan Application. Barrower shall be in default if, duning the Loan application process, Borrower or any persons or entities acting at the direction of Borrower or with Borrower's knowledge or cansent gave materially false, misleading, or inaccurate infornnation or statements to Lender (or failed to provide J..ender with nnaterial information) in connection with the Loan. Material representations include, but are not limited to, representaCions concez�ning Bort'ower's occupancy of Che Property as Barrower's principal residence. NEBRASKA -$ingle Family - Fannie M�elFreddie Mac UNIFdRM INSTRUMENT �-B�NE► losi i1 Page 7 of 15 Initials: Fprm 3O2$ 7/07 � � R � ' � � ' q � � . f