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�oii0004� work has been cornpleted to Lender's satisfaction, provided thai sucli inspection shall be undertaken promptly. �,ender rnay disburtie proceeds for the repairs and r�storation in a single payment or in a seriea of progress payrnents a5 the work is cornpleted. Unless an agreement is made in writan� or Applicable Law requires interest to be paid on such ixzsurance 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 Borr shall not be paid out of the insurance proceeds and shall b� 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 Instrument, 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. If I3orrower abandon� thc Property, Lender may file, negotiate and settle any available insurance claim and related matters. If Borrower does nat respond within 30 days tc� a notice from Lender that the insurance carrier has offered to 5ettle a claim, th�n Lender may negotiate and settle the claim. The 30-day period will begin when the notice is gzven. In either event, or if Lender acquires t}ae Property under Section 22 or otherwise, t3orrower hereby assi�ns co Lender (a) Borrower's rights to any insurance proceeds in an amount not to exceed che amounts unpaid under the Note or this Security Tnstrument, and (b) any other of Borrower's rights (other than the righC to any refund of unearned prexniums paid by Borrower) under al1 insurance policies covering the Property, insofar as such righCs are applicable to the coverage of the Property. Lende: may use the insurance proceeds either to repair or restore the Praperty or to pay amounts unpaid under the Note or this Security Instrument, whether or not then due. b. Occupancy. Borrower 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 Froperty as Borrower's principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writin�;, which consent shall not. be unreasonably withheld, or unless e�tenuating circumstances exist which are beyond Borrower's control. 7. Preservation, Maintenance and Pratection of the Property, ; Inspections. Sorrower shall not destroy, dam.age or impair the Property, allow the Property tp deteriorate or commit waste on the Property. Whether or not Borrawer is residan� in the Property, Borrower shall maintain the Property in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is determined pursuant t.o Section 5 that repair or restaration is not economically feasible, Sorrower shall prpmptly repair the Property if damaged to avoid further deterioration or damage. If insuranc� or candemnation proceeds are paid in connection witli damage to, or the taking of, the Property, Borrower shall be responsible for repairing or restoring the Property only if Lender has released proceeds for 5uch purposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series pf progress payments as the work is completed. If the insurance or condemnation proceeds are not sufficient to repair or restore the Propercy, Borrower is not relieved af Borrower' s obligation for the completion of such repair or restoration. Lender or its agent may rnake reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender znay inspect the interipr oF the unprovements on thE Property. Lender shall give Borrower notice at the time of or prior to such an interior inspection specifyin� such reasonable cause. 8. Barrower'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 Borrower or with Borrower' s knowledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material information) in connection with the Loan. Material representatipns include, but are not limited to, representations concerning Borrower' s occupancy of the Property as Barrower' s principal residence. 231026 NEBRASKA - Single Family - Fannie MaelFreddie Mac UNI�ORM INSTRUMENT �-6�NE� �os��) Page7 oF 15 ini�i Form 3028 1/01 c9 ��/