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<br />work has been completed to I,ender's satisfaction, providcd that such inspectian shall be undertaken
<br />promptly. I.�:nder may disburse proceeds for the repairs and restoration in a singl� payment or in a series
<br />of progcess payments as the work is completed. Unless an agreement is made in writing or Applicable Law
<br />requires interest to be paid on such insurance proceeds, T.,cnd�r shall nat be reqnired to pay Borrower any
<br />interest or earnings on such proceeds. Fees for public adjuslcrs, c�r cither third parties, retained by
<br />Borrower shall not be paid out of the insurance proceeds and shall be the sole obligation of Borrower. Tf
<br />the restoration or repair is nat ecanomically f�asible ar I,ender's security would be lessened, the insurance
<br />proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with
<br />the excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the order provided for in
<br />Section 2.
<br />If Borrower abandons the T'roperty, T.ender may file, negotiate and s�ttl� any available insuranc�
<br />claim and related matters. Tf Borrower does not respond within 30 days to a notice fram L�nder that lhe
<br />insurance carrier has offered to settle a claim, then Lender may negotiate and s�ttle th� claim. The 3�-day
<br />period will begin when the notice is given. Tn either event, or if T,ender acquires the Pr�perty under
<br />Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrow�r's rights to any insuranc�
<br />proceeds in an amount not to exceed the amounts unpaid under the Note or this SecuriCy InsCrument, and
<br />(b) any other of Borrower's rights (other than lhe right to any refund of unc:arn�d pr�miums paid by
<br />I3orrower) under all insurancc palicies cavering th� Prap�:rty, insafar as such rights are applicabl� �o th�
<br />coverage of the Prop�rty. L�nder may use ths insuran4� praceeds sither ta repair or restore the Property or
<br />Ca pay amounts unpaid under the Note or tliis Security Instrument, whether or not then due.
<br />6. Occupancy, Borrower Snarr occupy, establish, and use the Property as Borrower's principal
<br />residence within bQ days after the execution of this Security Tnstrument and shall continue to occupy the
<br />Property as Borrower's principal residence for at least one year after the date of occupancy, unless r.ender
<br />otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuatin,g
<br />circumstances exist which are beyond Borrower's control.
<br />7, Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not
<br />destroy, damage or impair the Property, allow the Property to deteriorate or commit waste on the
<br />Property. Whether or not Bonower is residing in the T'roperty, Borrower shall maintain the Property in
<br />order to prevent the Property from deteriorating or decreasing in value due to ils condition. Unless it is
<br />determined pursuant to Section 5 that repair or restoration is not economically feasible, Sonower shall
<br />promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or
<br />condemnation proceeds are paid in connection with damage to, or the taking of, the Property, 13orrower
<br />shall be responsible for repairing or restoring the Property only if T,ender has released proceeds for such
<br />purposes. Lender may disburse proce�ds 1'ar [he repairs and restoration in a singlc; paymcnt c�r in a series of
<br />progress payments as th� wnrk is campleted. If the insurance or cc�ndemnatian prc�ce�ds are not sufficicnt
<br />ta repair or restare the Property, Borrower is not relieved af Barrawer's abligation for the cornpletian of
<br />such repair or restoration.
<br />Lender or its agent may make reasonable entries upon and inspections of the Property. If it has
<br />reasonable cause, L.ender may inspect the interior of the improvements on the Property. Lender shall give
<br />�3orrower notice at the time of or prior to such an interior inspection specifying such reasonable cause.
<br />8, Borrower's Loan Application. Sorrower shall be in default if, during the Loan application
<br />process, Borrower or any persons or entities actin� at the direction of Borrower or with Borrower's
<br />knowledge or consent gave materially false, misleading, or inaccurate information or statements to Lender
<br />(or failed to provide I.,cndc.r wittx material information) in connection with the Loan. Material
<br />repr�s�ntatians include, but are nat limited to, repr�s�nlations conccrning Borrower's occupancy of the
<br />Prap�rty as Borrpwer's principal residence.
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMEIVT O y
<br />�-61NE) �oe��� Page7af 16 i�ic�eiS: Form 3028 9/09
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