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►'Tlj[�I�I�:3�•�:� work has been completed tn Lender's satisfaction, provided that such inspection sha,ll be undertaksn promptly. Lender may dishurse proceeds for the repairs and rescoratiau in a single payment or in a series pf progress paymenCs as the work is completed. Unless an agreement is macie in writing or Applicable L.aw requires interest to be pa.id an such insurance proceEds, Lender shall not be required to pay Borrower any interest or earnings on such proceeds. Fees for public adjusters, or nther third parties, retained by Horrawer shall not be paid out of the insurance proceeds aud shall be the sole obligation of Barrnwer. If the restoration or repair 'rs not econo�aically feasible or Lender's security would be lessen�i, the insurance procee�s shall be applied to the sums secured by this Se�urity Ir�strument, whether or not ther� due, with the excess, if any, paid to Borrower. Such insuranc� proc�eds shall be applied in the order provided for in Section 2. If Borrower abandons the Property, Lender may file, negotiate and settle any availaiale insurance claim and related matters. If Borrower does not respond within 30 days to a notice from i,�nder th.at the insurance carrier has offered to settle a claun, then Lender may negotiate and settle the claim. The 30-day period will be�in when the notice is �iven. In either event, or if Lender acc�uires the Property under Sec[ion 22 or otherwis�, �o�rtawer hereby assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount not to excced the amounts unpaid under the Note or Ct�uis SeerYrity Instrumenk, and (b) any other of Borrower's rights (other than the right to any refund af uneame� prerniums paid by Borrower) under all insurance policies cnvering the Property, inscyfar 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 tp pay arnounts unpaid under the Note or this Security Insmiment, whether or not then due. d. Occupancy. Horrower shall occupy, establish, and use the I'roperty as Sorrower's principal residence withi.n 60 days after the ex�ution af Chis Security Instrument and shall continue to accupy the Property as Borrower's principal residence for at least one year after the date of occupancy, unless L,�nder otherwise agrees in writing, which consent shall not be unreasonably withheld, ar unless extenuating circumstances exist which are beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Properky; Inspec�ions. Borrower shall not destray, darnage or impair the Property, allow the Property to dete�iorate or comrnit waste on tha Property. Whether or nat Borrower is residing in the Property, Borravc+er shall maintain the Property in arder to prevent the Praperty from deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that repair or restaration is not economical.ly feasible, Borrower shall pcamptly repair ths Property if damaged to avoid furCher deterioration or damage. If i.nsurance or condemnation prnceeds are paid in connection with damage to, or the taldng of, the Property, Borrower shall be responsible for repairing or restoring the 1'roperty only if L.ender has relea.sed procee�s far such purposes. Lender rnay disburse proc,eeds for the repairs and resCoration in a single payment or in a series of progress payments as the work is completed. If the insurance or condemnation proceeds are not sufficient to repair ar restore the Froperty, Bonrower is not relieved of Borro�ver's obligatinn for the eompletion of such repair or restoration. I.ender or its agent may malca reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender may inspect the interiar of ihe improvements on the Property. L.euder shall give Borrower rzotice at the time of or prior to such an interior irrspe�tion specifying such reasonable cause. 8. Borrower's Loan Application. Sorrower shall bc in default if, during the Loan applicatian process, Borrawer or any persons ox entities acting at the direction of Aortower or with Borrower's knowledge or consenc gave �aterially false, misleading, or inaccurate infarrnatian or statements ta I.ender (or failed to provide L.Ender with material inforn�ation) in connection with the Loan. Material representations include, but are not limited to, representations concerning Borrower's occupax�cy of the Property as Borrower's principal residence. ,. NEBRASKA - Single Family - Fpnnie Mee/Freddie Mac UNIFORM IIVSTRUMEN7 [� �-s(N�) (08171 Page 7 of 15 Initial�l Form 3028 1/�7