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2U1a09558 work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken proznptly. L.ender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. Unless an agreement is rnade 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 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 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 proceeds shall be applied in the order provided for in Section 2. If Borrawer abandons the Property, Lender may file, negotiate and setcle any avaalable insurance claim and related matters. If Borrawer does not respond within 30 days to a notice from I.ender tk►at the insurance carrier has offered to settle a claim, then Lender may negotiate and settle the claim. The 30-day period will begin when the notice is givsn, In either event, ox if Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to I..ender (a) Borrower's rights to any insurance praceeds in an amount not to exceed the anr�ounts unpaid under the Note or this Security Instrurnent, and (b) any other of Borrower's rights (other than the right to any refund of unearned prerniurns paid by Borrower) under all insurance policies covering the Property, insofaz 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 Note or this Security Instrument, whether or not then due, 6. Occupancy. Borrower shall occupy, establish, and use the Froperty 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 I,ender otherwise agrees in writing, which cansent shall nat be unzeasonably withheld, or unless extenuating circumstances exist which are beyond Borrower's control. 7. Preseirvation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or impair the Property, allow the Property to deteriorate or cornrnit 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, Borrower shall promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in connection with damage to, or the taking af, the Property, Borrower shall be resppnsible for repairing or restoring the Property only if Lender 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 completed. If the insurance or condemnation proceeds are not suf�cient to repair ar restore the Prop�rty, Boz�ower is not relieved of Borrower's obligation for the completion of such repair or restoration. I.,ender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender rnay inspect the interior of the improvements on the Property. Lender shall give Borrower notice at the time of or prior to such an interiar 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 materially false, znisleading, or inaccurate information or statements to Lender (or failed to provide L.ender 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 - Fannia Mee/Freddia Mac UNIFORM INSTRUMEIVT �-B�NE►�osii� paee�of�s iniciais: Form3U2$ 9/U1 . w � ��.. � 4 � / l .,, i r. � I�