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2oioos4ss work has been cornpleted to Lender's satisfaction, provided that such inspection shall be undertaken proznptly. I.�nder rnay disburse proceeds for the repairs and restaration in a single payment 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 praceeds, Lender shall not be required to pay Borrower any interest or earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Borrawer shall not be paid out of the insurance proce�ds and shall be the sole obligation of Borrower. If the restoration ar 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 prnceeds sha11 be applied in the order provided for in Section 2. If Borrower abandons the Property, I.ender may file, negotiate and settle any available insurance claim and related rnatters. If Borrower does not respand within 30 days to a notice from �.ender Chat the insurance carrier has offered to settle a claim, then Lender may negotiate and settle the claim. 1fie 30-day period will begin when the notice is given. In either event, or if �nder acquires the Property under Section 22 or otherwise, $orrower hereby assigns to Lender (a) Borrow� ri�hts to a�tay insurarice proceeds in an amaunt not ta exceed the amounts unpaid under the Note or this Security Instrument, and (b) any other of Borrower's rights (other than the right to any refund of unearned premiums paid by Bonrower) under all insurance policies covering the Property, insofar as such rights are applicable to the coverage of the Froperty. Lender rnay use the insurance praceeds either to repair or restore the Property or to pay arnounts unpaid under the Nate or this Seeurity Instrument, whether or not then due. 6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within 60 days after the execution 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 agrees in writing, which cansent sha11 nat 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, damage or iznpair the Property, allow the Property to deteriarate. or comixiit waste on the Property. Whether or not Borrower is residing in the Property, Barrower sha11 maintain the �roperty 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, Borrower shall prornptly repair the Property if damaged to avoid further deterioration ar damage. Tf insurance or condemnation proceeds are paid in connection with damage to, or the taking of, the Property, Borrower shall be responsible far repairing or restoring the Praperty only if I.ender has released proceeds for such purposes. Lender may disburse proceeds for the repaixs and restoration in a single payrnent or in a series of progress payments as the work is campleted. If the insuxance or condernnation proceeds are not sufficient to repair or restore the Property, Borrower is not relieved of Bonower's obligation for the completian of such repair or restoration. T ender or its agent rnay rnake reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender rnay inspect the interior of the improvements on the Property. L.ender shall give Borrower notice at the time of or prior to such an interior inspection specifying such reasonable cause. S. Sorrower's Laan 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 lrnowledge ar consent gave materially false, znisleading, or inaccurate information or statements to I.ender (or failed to provide L.ender with materia) inforrnation) in cannectian with the L,oan. Material representations include, but are not limited to, representations concerrung Borrower's occupancy of the Propez�ty as Borrower's przncipal residence. NEBRASKA - 3ingle Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENY �-6(NE) (08i i I Page 7 of 15 Initiels: Porm 3028 1(01 � .. ; ; r u . . � � �/ • � � i. •a S: � r� , .