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2oioo9s43 work has been completed to Lender's satisfaction, provided ttaat such inspectian shall be und$rtakez�, promptly. Lender may disb�se proceeds for the repaixs and restoration in a single paymaat or in a sezies of progress payments as the work is co�mpleted. Uz�ess an agreement is nnade in writing ar Applicable Law requires interest to be paid on such ix�surance procceds, Lender shall not be required to pay Barrower any interest or earnings on such procc�ds. Fees for public adjusters, ar other third parties, retai�ed by Hnrrower shall not be paid aut of t6e insuxance proceeds and sha11 be the sole obligation of Barrowar. If the xestor�tion or repaix is not econornically feasible ar Lender's securiry wauld be lessened, the insurance proceeds sha11 be applied to the sums secured by this Secuxity Tnstrument, whetb,er or not tb,en due, with the excess, if any, paid to Bo:rt'ower. Suc1i insurance proceeds shall be applied in the order provided for in 5ection 2. If Borrowe�r abandons the Property, Lender may file, negotiate and settle any available insurance claami and related matters. If Borrower does not respond within 3Q days to a notice from Landar tbat the insurance carrier has offered to settle a claim, ttzen X�ender may z�egotiate and settle the claim. 7'he 30-day pez'zod will begin when the notice fs given. in either event, or if Lender acqwires the Properly uxzder Section 22 or otherwise, Barrowez hareby assigns to Lende�r (a) Borrawer's rights to any itnsurance proceeds in aiz amount not to exceed the amounts unpaaid under the Note or this Security Instzument, and (b) any o�er of Bonrow� rights (other than the right to any refiutd of un�mrned premiums paid by Borrower) undex all insurance policies coveriu�g the Property, insofar as such rights are applicable ta the coverage of the Property. Lender may use the insurance praceeds either to repaix or restore the Property ar to pay amounts tmpaid under the Note or this Security Instrument, whether or nat then due. 6. Qccupancy. T3ot7rovvex' sha1l occupy, establish, and use the �roperty as Barrower's principal residemce within 6D days afte�r the execntion of this Security Instrumont and shall continue to oCCupy the Property as Bozxower's principal residence for at least one year a�ter the date of occupaucy, ttnless Lender otherwise ag�rrees in writing, which con.se�at shail not be unreasanably wit]iheld, or unless e.xtznuating circumstane.�s exist wlaich are beyond Borrower's coz�'ol. 7. Preservstion, Mainteaance and Protection af the Property; Imspections. Boartower shall not des4z'oy, damage or impair the Property, allow the Property ta deteriorate or cornmit waste on tlie Property. Whe#her or nat Barrower is residing in the Property, Borrower stzall masntain the Property iva order ta prevent the Property from deteriot'a#i�ag or decreasing in value due to its condition. Unless it is determine.cl pursuant to Sectiaoa 5 that repair or restorarion is not economica]Iy feasible, Bonower shall promptly repair the Property if damaged tu avoid fuxtl�es deterioration or damage. If insurance or condemnatiom praceeds are paid in connection with damage to, or tbe taking of, the �'vperty, Bonrower' shall be responsible for repairing or restorin� the Property only if Lender has released proceeds for such puxposes. Le�nder may disburse proceec�s for the repairs and restoration in a single payment or i.n a series of progress payments as the work is completed. If tb..e ;wsurance or candemnation �nrocseds are nat suffxcie�ut to repair or reston'e the Properly, Borrowex iis nat relieved of Borrower's obligation for the completion of such repai�r or restoration_ Lender or its agent may malce zeasonable entrics upon and inspections of the Property. If it has reasonabla cause, T,ender may inspect the interior of the improvements on the Properry. Lender s�aall give Borrower notice at the time of or prior to such an interi�or inspection specify'vng such reasonable cause. 8. Sorrower's X�oan Applicaiiou. Sotxower shall be in default if, during the Loan application pxocess, Barrower or aiay persons or entities aeting at the direction of Borraw�r ax with Sorrower' s knowledge or consent gave materially false, ;nuisleading, or inaccu�rate izafarmation or statements tu Lendex (or faile�i to provide Lender with material infarmation) in connactian with the Loan. Materzal representations include, but are not limited to, representations cancerning Borrower's occupancy of the Proporiy as Baxznwer' s principal rasidence. 7].1Z203886 NEBRASKA - Singla Famify - Fannla MaelFreddle Mac UNIFqRNN IN3TRLfMFJVT W1T �-BA(NE) �oe�o) ra�e� c� +5 Ini( Form 5028 91p1