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201009493 work has been completed to Lender's satisfaction, provided that such inspection sha11 be undertaken promptly. Lender nnay disburs� proceeds for the repairs and restoraCion in a single payment or in a series of progress payrnents as the work is completed. Unless an agxeexnent is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not be required to pay Borrower a�ny interest or earnings on such proceeds. 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 Borrower. If the restoration or repair is not economically feasible or l.ender's security would be lessened, the insurance proceeds shall be applied to the swns secured by this Security Instnunent, whether or not then due, witJ� the excess, if any, paid to Bozxower. Such insurance proceeds shall be applied in the order provided for in Section 2. If Borrower abandons the Property, Lender rnay file, negotiate and settle any available insurance claim and related matters. If Borrower does not respond within 30 days to a notice from Lender that the insurance carrier has offered to settle a claim, then Lender may negotiate and settle the clairn. The 30�ay periad will begin when the notice is given. In either event, or if L.ender acquires the Pruper�.y a� Section 22 or otherwise, Borrower hereby assigns to L,ender (a) Borrow+e�'s rights ta any y+�!�+±� praceeds in an arnount not to exceed the amounts unpaid under the Note e+r ti�is Secwrity I�, and (b) any other of Borrower's rights (other than the right to any refund of �ied prernium5 paid by Borrower) under all insurance palicies covering the Property, insofar as such rights are applicable W#he coverage of the Properiy. Lender may use the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the Note or this Security Tnstrument, whetJ�er or not then due. 6. Occupancy. Bonower shall occupy, establish, and use the Property as Borrawer's principal residence within (Q days after the execution of this Security Instiwx�ent and shall conCinue to occupy the Prap�rty as Borrower's principal residence for at least one year after the date of occupancy, unless L.ender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circurnstances exist which are beyond Borrower's control. 7. Preservatian, Maintenance and Pratection of the Property; Inspections. Borrower sha11 nat destroy, damage or impair the Property, a.11ow the Property to deteriorate or commit waste on the Property. Whetl�er ar not Barrower is residing in the Property, Borrower shall rnaintain Che Property in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is deternnined pursuanC to SecCion 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioratian or daznage. If insurance or con,demnation proceeds are paid in connection with damage to, ar the taking of, the Property, Borrower shall be responsible for repairing or restoring the Property only if I.ender has released praceeds for such purposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress paymencs as the work is campleted. If the insurance or condennnation procee�s aire not sufficient to repair or restore t1�e Property, Borrower is not relieved of Borrower's obligation for the completi+� of such repair or restoration. I..ender or its agent may make reasonable entries upon and inspecti+�ns of the Property. If it has reasonable cause, Lender may inspect the interior of the irnprovements on the Property. Lender stLall give Borrower notice at the time of or prior to such an interior inspection specifying such reasonable cause. 8. Sarrower's Loan Application. Borrower shall be in default if, during the Loan applicaCion process, Borrower or any persons or entities acting at the direction of Borrower or wich Borrower's lrnowledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with rnaterial inforrnation) in cannection with the Loan. Material representations include, but are not lirnited to, representations concerning Borrower's occupancy of the Property as Borrower's p�incipal residence. NEBRASKA - 5ingle Family - Fannie Mae(Freddie Mac UNIFORM INSTRUMENT �, I �-6�NE) �osi i� Page 7 of 15 inieieis: W Farm 3028 1l01 � fi " :+ a � ,. .,