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2aioo��o� work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse proceeds for the repairs and restoration in a single payrnent or in a series of progress payments as the work is completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, I.ender shall not be required to pay Borrower any interest or earnings on such proceeds. Pees 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 I.ender'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 proceerls shall be applied in the order provided for in Section 2. If Borrawer abandans the Property, I.ender may file, negotiate and settle any available insurance clairn and related matters. If Barrower does not respond within 30 days to a notice from Lender that 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 given. In either event, oz' if [,endcr acquires the Property under Section 22 or atherwis�, Borrower hereby assigns ta Lender (a) Borx'ower's rights ta any insurai�ce proc�eds in an amount not to exceed the amounts unpaid under the Note or this Security Ianstnuncnt, and (b) any other of Borrower's rights (ott►er than the right to any refund of unearned premiwns paid by Borrower) under all insurance policies covering the Property, insofar 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 arnounts unpaid under the Nate or this Security Instrument, whether or not then due. 6. Occupancy. Borrower shall occupy, establish, and use the Property 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 yeaz after the date of occupancy, w�less Lender otherwise agr�es in writing, which consent shall not be unreasonably witlaheld, or unless exceanuatirag circumstances exist which az�e beyond Borrower's control. 7. Prese�rvatiou, Maintenance and Protection oF the Property; Inspections. Borrower shall not destroy, damage or inr►pair the Property, allow the Property ta deteriorate or cornrnit waste on the Property. Whether or not Borrower is residing in the Praperty, Borrower shall rnaintain the Property in arder to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is deternuned pursuant to Section 5 that repair or restoration is not economically feasible, Borrawer sha11 prornptly repair the Properiy if damaged ta avoid further deterioratian ar damage. If insurance or condemnatian proceads are paid in connection with damage to, or the taking of, the Property, �orrower shall be responsible for repairing or restoring the Property only if Lender has released proceeds for such purpos�s. L.ender may disburse proceeds for the repairs and restoration in a single payrnent or in a series of progress paynaents as the work is completed. If the insurance or condernnation procceds are not sufficient to repair ar restore the Prope�ty, Borrower is not relieved af Borrower's obligation for the cornpletion of such repair or restoration. I..ender or its agezat znay rnake reasonable entries upon and inspections of the Property. Zf it d�as reasonable cause, Lender rnay inspect the interior of the improvements on the Property. Lender shail give Barrower notice at the tirne of or prior to such an interior inspection specifying such reasonable cause. S. Borwrower's Loan Application. Borrower shall be in default if, during the Loan applicatian process, Borrower or any persons or entities acting at the direction of Borrower or with Borrower's knowledge or consent gave materially false, misleading, or inaccurate information or staternents to Lender (or failed to provide Lender with material infornlation) in cannection with the Loan. Material representations include, but are not limited to, representations conc�rning Borrower's occupancy of the Property as Borrower's principal residence. NE6RASKA - Single Family �-QIN�) IOSi i) � Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Page 7 of 15 Initiels: �, ,;1� �� %J Form 3028 1/U1