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2010a97�9 work hac been completed to Lender's satisfaction, provided thaC such inspection shall be undertal:en promptly. I.ender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. Unless an a�reement is rnade in writing or Applicable Law requires interest to be paid on sucta insurance proceeds, Lender shall not be required to pay Borrower any interest or earnin�s on such proceeds. Fees for public adjusters, or other third parties, retained by Borrower shal] not be paid out of the insurance proceed;: and shall be fhe sole obligation of Borrower. If the restoration pr repair is not econamically feasible or Lender' s security would be lessened, the insurance proceeds shall be applied to the sums secured b,y this Securi.ty Instrurraent, whether or not then due, with the excess, if any, paid to Sorrower. Such insurance proceeds shall be applied in the ord�r provided for in Section 2. If Borrower abandons the Yroperty. Lender may file, negotiate and settle any available insurance clairn and related matters. If Borrower does not respond within 30 days to a notice- from T�ender that the insurance cazrier 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 aec�uires the Property under Section ?2 or odierwise, Borrower hereby a5signs to Lender (a) Sorrower's ri�ht� to any insurance proceeds in an amount not t�i exceed the amounts unpaid under the Note or this Security Instrument, and (b) an.� other of Borrower' s rights (other than the right to any refund of unearned premiums paid by IIorrower) under all insurance palicies covering the Property, insofar as such ri�hts are applicabl.e to the covcra�e of the Praperty. Lender may use the insurance proceeds either to repair or restore the Property� or to pay a�nounts unpaid under the Note or this Security Instrument, whether or not then due. 6. Ocenpane3�. Borrower shall occup}�, establish, and use tl�e Property as 13arrower' s principal residence within 60 days afier the execution of this Security Instrument and shall conti.nue to occup}r the Froperty as Borrower's principal resadence for at least one vear aft.er the date af occupancy. unless Lender otrier��ise agrees i.n writin�., wl�icll consent shall not be unreasonabl�� withheld, or unless extenuating circurnstances exis; wtzicl� are beyond ]3orrower' s control. 7. Preservation, Maintenance. and Prutection of the Prapert��; Inspections. Borrower shall not destroy, dama�e c�r impair tiae Praperty, a11o�� the Propert�r to deteriorate or co.mmit waste on the. Propertv. Whether or not Borrower i� residin<.; in the Property, Borrower shall xzzaintain the Property in. order to prevent the- Propert}� froin deterioratira� or decreasing in value due to its condition. Unless it is determined pursuant to Sectio�i 5 t�iat repair or restoration is not economically feasible, Borrower shall pram��tl}r repair the Property if dainaged to avoid furthe� deterioration or damage. If insurai�ce or condemnatioi� proceeds are paid in connection with damage t�, or the takin�; of, the Property, Borrower shall be responsible for repairing or re5toring the Property only if Lender ha.5 released proceed5 for such purposes. Lender may disburse proceeds fpr the repairs and restoration in a siragle payment or in a series of progress payments a� the work is con�pleted. If the insurance or condemnation proceeds are not sufficient to repair or restore the Property, Sorrower is not relieved of Sorrower's obligation for the completion of such repair or restoration. Lender or its agent may make reasonablc entries upon and inspection� of the Propercy. If it has reasonable cause, Lender rraay inspect the interior of the improvements pn the Property. Lender shall give �3orrower notice at tkae time of or prior to such an interior inspection specifying such reasanable cause. 8. Borrower's I�oan Application. Borrawer ahall be in default if, during the Loan application prvicess, Borrower or any persons or entities acting at the direction of Borxower or with Borrower' s knowledge or consent gave materially false, misleadin�;, or inaccurate information or statemcnts to Lender (or failed to provide 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 Borrower' s principal residence. � 1 231011 NEBRASKA - Single Famify - Fannie MaelFreddie Mac UNIFOFtM IN5TRUMENT /�J �-B(N�� (0811) Page7 of 15 i��c�ei5. �� Form 3028 1101 �