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201009679 work has be�n carnpleted to �.ender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse proceeds for the repairs and restaratian in a single payment or in a seri�s of progress payments as the work is completed. Unless an agreerttent is rnade in writing or Applicable I�w requires interest to b� paid on such insurance proceeds, Lender shall not be required to pay Borrower any interest or eamings on such proceeds. Fees for put�lic adjusters, or other third partics, relained by Borrowc:r shall not be paid out of the insurance proc��ds and shall be the sole obligation c�F Bc�rrnw�r. If the restaration or repair is not cconomically feasible or L.ender's security would be l�sssned, the it�surance proceeds shall be applied t� Ch� sums secured by this Security Tnstrument, whether ar not then due, with the excess, if any, paid to Bortnwer. Such insurance proceeds shall be applied in the arder pravided far in Section 2. If Borrower abandans tha Property, Lender may file, negotiate and settle any available insurance claim and related matters. If Borrower does not respond within 30 days ta a notice from L.ender that the insurance carrier has ofPercd to settle a claim, then T..ender may negotiate and settle the claim. The 30-day period will begin when the notice is given. Tn either event, or if I.�nder acquires the Property under Section 22 or otherwise, Borrower hereby assigns to T.ender (a) Borr�wer's rights to any insurance proceeds in an amc�unt not to exceed the amounts unpaid under th� Note ar this Security Tnstrument, and (b) any other of Barrower's ri,ghts (other than t,tae right ta any refund of uneamed premiums paid by Borrower) und�r all insurance policies covering the Property, insofar as such rights are applicable to the coverage of the Property. T..ender may use the intiuranc� proceeds either to repair or restore the Property or to pay amounts unpaid under the Note or this Security Instrument, whctlx�r or not then due. 6. OCCUp8Y1C� Borrower shall occupy, establish, and use the Praperty as Borrower's principal residence within bQ days after the execution of this Security Instrument and shall continue to occupy the Property as Borrawer's principal residence for at least one year after the date af occupancy, unless Lender otherwise agrees in writing, which consent shall nat be unreaspnably withheld, or unless extenuating circumstances exist which are beyond Borrow�r's control. 7, Preservation, Ms�inkenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or impair khe Praperty, allow the Property to deteriorate or commit waste on the Property. Whether or nat Borrower is residing in the Property, T3orrower shall maintain th� Prop�rty in order to prevent the Property from dct�riarating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that r�pair or restaratian is not economically feasible, Borrower shall promptly repair the T'roperty if damaged to avaid Furth�r deterioration or damage. Tf insurance or condemnation proceeds are paid in connection with damage ta, or th� ta,king of, the Property, Borrower shall be responsible for repairing ar restoring the Property only if Lender has released proceeds f'or such purposes. T.ender may disbuarse proceeds for the repairs and restoration in a single payment or in a series of progress paym�nts as the work is completed. Tf the insurance or condemnatian proceeds are not sufficient tp rcpair or restore the Properiy, Borrower is nat relieved of Bonrow�:r's abligation for the completion of such repair or restoration. J_,ender or its agent may make reasonable �ntri�s upan and inspectians of the Property. If it has r�asonable cause, Lender may inspect the interior of the improvt;m�nts an ths Property. L.ender shall give Borrower natics at the time of or prior to such an interior inspection specifying such reasonable cause. $. Borrowcr's Loan Application. Borrower shall be in default if, during the I.�Q1[1 dp�7�1G�kXpA process, Barrawer ar any persons or entities acting at the direction of Borr�wer �r with BUrrawer's knowledge or cansent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide T.ender with material information) in cannectian with the Loan. Material representations include, but are nnt limited to, rcpr�senCatians concc:rning Borrower's occupancy of th� Property as Borrower's principal residence. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIF�RM INSTRUMENT �-g��) �p8i � i Paqe 7 af 16 Initials: FOPm 3028 1I09 L�k.. �/