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zo�aos7os work has been completed to Lender's satisfaction, provided that such inspectian shall be undertaken promptly. Lender may disburse proceeds far the repairs and restoration in a singte payment or in a series of progress payments as the work is cornpleted. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not be required to pay Borrower any interest or earnings on such proc�eds. Fees for public adjusters, or other third parties, retained by Borrower shall not be paid ont of the insurance proceeds and shall be the sole obligation of Borrower. Tf the restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be applied to the sums secured by this Security Tnstrument, whether or nat then due, with the excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the order provided for in Section 2. If Borrower abandons the Property, L,ender may �le, negotiate and settle any available in.surance claim and related matters. If Borrower does nat respond within 30 days to a notice from L.ender 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, or if Lender acquires the Property under Section 22 or otherwise, Banower hereby assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid under the Note or this Security Tnstrument, and (b) any other of Borcower's rights (other than the right ta any refund of unearned premiums 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 amounts unpaid under the Note pr this Security Instrument, whether or not then due. 6. Occupancy. Borrower shall accupy, 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 residsnce for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circurnstances exist which are beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or impair the Property, allow the Praperty to deteriorate ar commit waste on the Property. Whether or not Borrower is residing in the Property, Borrower sha11 maintain the Property in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or condennnation proceeds are paid in connection with damage to, or the taking of, the Property, Borrower shall be responsible for repairing or restoring the Property only if Lender has released proceeds for such purposes. Lender may disburse praceeds for the repairs and resCoration in a single payment or in a series of progress payments as the work is completed. If the insurance ar condemnation proceeds are not sufficient to repair or restore the Property, Borrower is not relieved of Borrower's obligation for the completion af such repair or restoration. L.ender or its agent may make reasonable entries upon and inspectians of the Property, If it has reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender shall give Borrower notice at the time of or prior to such an interior inspection specifying such reasonable cause. 8. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, Barrower or any persons or entities acting at the direction of Borrawer or with Borrower's knowledge or consent gave materially false, misleading, or inaccurate information or staternents to Lender (or failed to provide Lender with rnaterial informatian) in connection with the I,aan. Material representations include, but are not limited to, representations concerning Borrower's occupancy of the Property as Borrower's principal residence. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-61N�) �oe> > � Page 7 of 15 in�c�ais: �� Form 3028 1/01 �� ) ,� ' c � ,, � ,.