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�oiioo��s work has been connpleted to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse procceds for the repairs and restoration in a single payment or in a series af progress payments as the work is campleted. 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 Borrawer any interest or earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Borrower shall not be paid out of the insurance proceeds and shall be the sole abligation of Borrower. If the restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds sha11 be applied to the swns 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 Borrower abandons the Praperty, Lender nnay �le, negotiate and settle any available insurance claim and related rnatters. If Borrower does not respond within 30 days to a notice from L.ender that the insurance carrier has offered to settle a claim, then Lender rnay negotiate and settle the claim. The 30-day period will begin when the noCice is given. In either event, or if I ender acquires the Property under Section 22 or otherwise, Barrower hereby assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid under the NoCe or this Security Instrurnent, and (b) any ather of Borrower's rights (other than the right to any refund of unearned premiums paid by Borrawer) under all insuramce policies covering the Praperty, insofar as such �ights are applicable to the coverage of the Property. Lender rnay use the insurance proceeds either to repair or resto:re the Property or to pay amounts unpaid under the Note or this Security Instruznent, whether or not then due. 6. Occapancy. Borrawer shall occupy, establish, and use the Property as Borrower's principal residence within 60 days after the execution of this Security Instnunent and shall continue to occupy the Prop�rty as Borrawer's principal residence for at least one year after the date of occupancy, unless l.ender otherwise agrees in wxiting, which consent sha11 not be unreasonably withheld, or ur►less extenuating circumstances exist which are beyond Borrower's contral. 7. Preservatian, Maintenance and Protection of the Property; Inspections. Barrower sha11 not destroy, damage or impair the Property, allow the Property to deteriorate or commit waste on the Property. Whether or not Borrower is residing in the Property, Bonawer shall maintain the Property in order to prevent the Property from deteriorating or decreasing in value due to its r.ondition. Unless it is deternuned pursuant to Section 5 that repair or restoration is not e�onornically feasible, Borrower shall prornptly repair th� Property if darnaged to avoid further deterioration or daznage. If insurance or condernnation proceeds are paid in connection with damage to, or the taking of, the Property, Borrower shall be responsible for repairing or restaring the Property only if L.ender has released proceeds for such purposes. L.ender may disburse proceeds for the repairs and restaration in a single payment or in a series of progress payments as the work is cornpleted. If the insurance or candemnation proce�ds are not suf�cient to repair or restore the Property, Borrower is not relleved of Borrower's obligation for the cornpletion o� such repair or restoration. Lender or its agent may make reasonable entries upon ax�d irnspections of the Property. If it �as reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender shall give Borrower notice at the time of or prior ta such an interior inspectian specifying such reasonable cause. 8. Borrower's Loan Application. Borrower shall be in default if, during the I.oan application process, Sorrower or any persons or entities acting at the direction of Borrower or with Borrower's lrnowle�ige 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 Loan. Material representations includ�, but are not limited to, representations concerning Borrower's occupancy of the Property as Borrower's principal residence. NEBRASKA - Singie Family - Fannie Mae/Freddie Mac UNIF�RM INStRUMENT �-61ME) �os>>� Page 7 of 15 i��c�ais: Form 3028 7l01 � �J � V ` \