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201009824 work has been complcicd Co Lender's satisfaction, provided that such insp�ctir�n shall be undertaken prornptly. L.ender may disburse prauseds far the repairs and restoration in a singlc �ayment or in a series of progress payments as lhe work is completed. 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 13aarrawer any interest or earnings on such proc:ec:ds. Fees for public adjusters, or other third partics, retained by Barrower shall not be paid oul �f thc in�urance proceeds and shall be the sole obligation of F3c�rrnwGr. Tf the restoration or repair is nc�t c:conomically feasible or L.ender's security would be Iessened, th� insurance proceeds shall be applied to the sums secured by this Security Tnstrumcnl, whether or not then due, with the excess, if any, paid to Borrower. Such insurance proceeds shall bc: applied in the order provided for in Section 2. If Borrower abandons thc FroperGy, Lender may file, negotiate and settle any availablc in,tiurancc claim and related ma[tcrs. If B�rrawer does not respond within 30 days to a nolice from Lender thaf the insurance carrier has offcred tc� s�ktle a claim, then Lender may negotiate and settle the claim. The 30-day periad will begin when the noticc is �iven. In either event, ar if Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns ta I.�nder (a) Borrawer's rights to any insurance proceeds in an amount not to exceed the amc�unls unpaid under th� NUt� pr this Security Instruinent, and (b) any other of Borrower's righfs (cythcr than th� right tq any refund of unearned premiums paid by Borrower) under all insurance pUlicies covering the Property, insofar as such rights are applicable to the coverage of the Property. L.ender rnay use the insurance proceeds either to repair or restore lhe Property c�r to pay amounts unpaid under the Note or this Security Tnstrument, whether or nc�l then due. 6. Occupancy. Borrower 5narr occupy, establish, and use the Properly as Borrower's principal residenc� witlxin 60 days after the execution of this Security Instrumenl and shall cantinue to occupy the I'roperty as Borrower's principal residence for at least one year after the date of occupancy, un.lc;ss I ,GA[�4T otherwise agrces in writing, which consent shall not be unreasonably withheld, or unless �x[enuating circumstances exist which are beyond Borrower's control. 7. Pr�servation, Maintenance and Protection of the Property; Insp�ctions. Barrnw�r shall not dcstroy, damage or impair the Property, allow the Property to delcrioratc ur commit waste on the Prpperty. Whether or not Bonower is residing in lhe Property, Bc�z�rower shall rnaintain the Property in order to prevent the Property from deterioraling ar dccreasing in valu� due to its condition. Unless it is determined pursuant to Section 5 that repair or restoration is not ecc�nnniically feasible, Borrower shall promptly repair the Property if damaged tn avaid furth�r deteriaratian or damage. Tf insurance or condernnation proceeds are paid in connectian with damagG tU, ur lhe taking of, the Property, Borrower shal! l�e responsible for repairing or restoring the Property only if Lc:nder has released proceeds for such purposes. I,,ender may disburse proceeds for the repairs and restoralion in a aingle payment or in a series Uf progress paym�nts as the work is completed. Tf the insurance or condemnation proceeds are not sufficicnt to repair or restore the Yroperty, 13orrower is not relieved of Borrower"s obligation for the campletic�n of such repair or restoration. Lender or its agent may makc rc:asonable t;ntries upon and ins��c[ians af the Property. If it has reasonable cause, Lender may inspect khc inlerior of the impravcmcnts Un the Property. Lender shall give Borrower notice at the time of or prior to such an in[Gric�r inspcction sp�cil'ying such reasonable cause. 8. Borrower's LUan Applicatian. Barrower shall be in default if, during the Loan application process, Borrower or any persons or entities acting at the dir�ctinn af Borrower or with Borrower's knowledge or consent gave materially false, misleading, pr inaccurate information or statements to L,ender (or failed to providc L�nder with rnater'ral inforrnation) in connection with the Loan. Material represcntatians include, but are not limited to, representations concerning Borrower's occupancy of the PropGrCy as Borrowr:r's principal residence. NEBRASKA - Single Family - Fannie MaelFreddis Mac UNIFARM INSTRUMENT �-6(NE11oe��1 Fage7of16 init�ais Form3028 9/09