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201009845 work has been completed to L.cnder's satisfactian, provided that such inspection shall be undextaken pramptly. Lender rnay disburse praceeds for the repairs and restoration in a single payrnent or in a series of progress payments as the 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 Borrower any interest or earnings on such praceeds. Fees for public adjusters, or other third parties, retained by Borrower shall not be paid out af the insurance proceeds aan.d shall be the sole obligation of Borrower. If 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 Instrurnent, whether or not then due, with the excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the order provided for in Section 2. Jf Borrower abandons the Pz'operty, I.ender may file, negotiate and settle any available insurance clairn and related matters. If Borrower does not respond within 30 days to a notice from Lender that the insurance carrier has offered to settle a clairn, 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 acyuires the Property under Section 22 or atherwise, Borrower 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 Iz�.st��t, and (b) any other af Borrower's rights (other than the right to any refund of unearned prerniurns paid by Borrower) under all insurance policies covering the Property, insofar as such rights are applicable to the coverage of the Property. T.ender may use the insurance proceeds either to repair or restore the Property or to pay arnounts unpaid under the Note or this Security Insttvment, whether or not then due. 6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within 60 days after the exe�ution 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 accupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasanably withheld, or ur�less extenuating circumstances exist which are beyand Borrower's control. 7. Preservation, Maintenance and Pratection of the Property; Inspections. Barrower shall not destroy, darnage or irr►pair the Property, allow the Property to deteriorate or commit waste on the Property. Whether or not Borrower is residing in the Praperty, Borrower shall maintain the Property in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is deternuned pursuant to Section S that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioratian or damage. Tf insux'ance or condemnation proceeds are paid in connection with damage to, ar the taking of, the Property, Borrower shall be responsible for repairing or restoring the Property only if Lender has released praceeds for such purposes. Lender may disburse proc�eds for the repairs and restoration in a single payment or in a series of pragress payments as the work is completed. If the insuranc� or condemnation proceeds are not suf�'icient to repair or restore the Froperty, Borrower is not relieved of Borrower's obligation for the campletion of such repair or restoration. Lender or its agent may rnake reasonable entries upon and inspections of Che Property. If ii 1�as reasonable cause, Lender may inspect the interior of the improvernents on the �'roperty. L.ender 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, Borrower 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 statements to Lender (or failed to provide I.ender with material information) in connection with the L.oan. Material representations include, but are not limited to, representations concerning Botx'ower's occupancy of the Property as Barrower's principal residence. NEBRpSKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT �-6�NE) 1oa� t1 Page 7 of 15 Initials: � Form 3028 1/01 �; � , .! � `� r�