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�olovs7is work has been completed to Lender' s satisfaction, provided tk►at such inspection shall be undertaken promptly. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of prpgress payments as the work is campleted. 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 proceeds. Fees 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 �conomically feasibie or Lender's security would be l�ssened, 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. 5uch insurance proceeds shall be applied in the order provided for in Section 2. If Borrower abandons the Property, Lender may file, negotiate and settle any available insurance claim and related matters. if Borrower does not respond witl�in 3U days to a notice from Lender that the insurance carrier has offered to settle a claim, then Lender may ne�otiate 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, Bo� hereby assigns to Lender (a) Barrower' s rights to any insurance proceeds in an amounl not to exceed the amounts unpaid under the Note or this Security Instrument, and (b) any other of Borrower' s rights (ather than the right to any refund of unearned pre�miums paid by Borrower) under a11 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 or this Security Instrument, whether or not then due. 6. Occupancy. Borrawer 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 year after the date of occupancy, unless Lender oiherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances 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 Froperty to deteriorate or cominit waste on the Prvperty. Whether or not Borrower is residing in the Property, Borrpwer shall maintain the Property in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is detern�ined pursuazat 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 condemnation proceeds are paid in connection with damage to, or the taking of, the Property, Borrower shall be responsible for repairing or restoring the Froperty only if Lender has released proceeds for such purposes. Lender may disburse proceeds for the repairs ar�d restoration in a single payment or in a series of progress payments as the wark is completed. If the insurance or condemnation proceeds are not sufficient to repair or restore the Property, Borrower is not relieved of Borrower's obligation for the campletion of such repair or restoration. Lender or its agent may rr�ake reasonable entries upon and inspections of the Property. I£ it has reasonable cause, Lender may inspect the interior of the improvements an the Froperty. Lender sha11 give Borrower notice at the time of or prior to such an interior inspection specifying such reasonable cause. 8. Borrower's Loan Applieation. Borrower shall be in default if, during the Loan application process, Borrawer or any persons or entities actin� at the direction of Borrower or with Borrower' s Icr�owledge or consent gave materially false, zx�isleading, or inaccurate infornnation or statements to Lender (or failed to prpvide Lender with material inforrnation) in connection with the Loan. Material. representations include, but are not limited to, representations concerning Borrower' s occupancy of the Property as Sorrower' s principal residence. 231Q01 NEBRASKA - 5ingle Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT �-B(NE) (D811) Page7 ot 15 initieis� �� Fprm 3028 1l01 � ��' `