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2olooss5s work has been coznpleted to I.ender's satisfaction, provided that such inspection shall be undertaken promptly. Lender rnay disburse proceeds for the repairs and restoration in a single payment or in a series of progress payrnents as the work is cor►apleted. Unless an agreement is made in writing or Applicable Law requires interest tn be paid on such insurance pz'oceeds, Lender shall not be required to pay $orrower any interest or eamings on such proceeds. Fees for public adjusters, or other third partias, retained by Borrower shall nat be paid out of the insurance proceeds and shall be the sole obligation of Borrower. lf the restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds sha11 be applied to the surns secured by this Security Instnuiaent, whether or not then due, with the excess, if any, paid to Barrower. Such insurance proceeds shall be applied in the order provided for in Section 2. If Borrower abandans the Praperty, L.ender may file, negotiate and settle any available insurance claim and related rnatters. If Bo:rrower does not respond within 30 days to a notice from Lender that the insurance carrier has offered to settle a claina, then I.ender may negatiate and settle the clairn. The 30-day period will begin when the notice is given. In either event, or if Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights ta any insvrance proceeds in an amount not to exceed the amounts unpaid under the Note or this Se�urity Instnunent, and (b) any other of Borrower's rights (other than the right to any refund of unearned premiums paid by Borrower) under all insurance policies covering the Property, insofar as such rights are applicable to Che coverage of the Property. L.ender may use the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the Note or this Security Tnstrument, whether or nat then due. 6. Occupancy. Borrower shall occupy, establish, and use th� Property as $orrower's principal residence within 60 days after the execution of this Security Instruanent and sha11 continue to occupy rhe Property 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 witlaheld, or unless extenuating circumstances exist which are beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Bozx'ower shall not destroy, damage or impair the Property, allow the Property to deteriorate or commit waste on the Property. Whether or not Borrower is residing in the Property, Bonower shall maintain the Property in order to prevent the Property from deteriorating or decreasing in value due ta its condition. Unless it is deternvned pursuant to Section 5 that repair or restoration is not economically feasible, Borrower sha11 promptly repair the Property if damaged to avoid further deterioration or damage. If insuraz�ce or condemnation proceeds are paid in connection with darnage to, or the taking of, tt�e �roperty, Borrower shall be responsible for repairing or restoring the Property only if Lender has released proceeds for such purpases. Lender may disburse proceeds for the repairs and restoration in a single payment or in a sex��.s of progress payments as the work is completed. If the insurance or condemnation proceeds are not su�ficienT to repair ar restore the Praperty, Borrower 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 �ias reasonable cause, Lender may inspect the interior of the improvements an the Properiy. Lender sha11 give Borrower notice at the tizne of or prior to such an interior inspection specifying such reasonable cause. 8. Borrower's Loan Application. Borrower sha11 be in default if, during the Loan application process, Borrowez' or any persans ar entities acting at the direction of Banower or with Borrower's knowledge or consent gave materially false, misleading, or inaccurate information or staternents to Lender (or failed to provide I.ender with material information) in connection with the Laan. Material representations include, but are not limited to, representations conceming Banower's occupancy of the Property as Borrower's principal residence. NEBRASKA - Single Family - Fannie Mae/Freddie Mec UNIFORM INSTFiUMENT �-B�NE) 108>>1 page 7 of 15 i��t�aig: Form 3028 1/01 � �� �