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2o�iao�� work has been cornpleted to Lender's satisfaction, provided that Such inspect'ron sha11 be undertaken promptly. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payrnents as the work is completed. UnleaS an agreement is made in writing vr �pplicable Law require5 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 of the insurance proceeds and shall be the 5ale obligation of Sorrower. If the restoration or repair is not economically feasible or Lender'ti security would be lessened, the insurance proceed5 shall be applied to the sums secured by thi5 Security instrument, whether or not then due, with the excess, if� any, paid to Borrower. Sucli insurance prnceeds shall be applied in the order provided for in Section 2. If Borrower abandons the Property, Lender may file, negotiate and settle any availablc insurance claim and related matters. If Borrower does not respond within 30 days to a notice from Lender that the insurance carrier ha5 affered to settle a claim, then Lender may negotiate and settle the claim. The 30-day period will be�in when the notice is given. ln either event, or if Lender acquire:� the Property under Section 22 or otherwise, Bormwer hereby assi�ns to Lender (a) Sorrower' s rights Co any insurance proceeds in an amount not to exceed the amounts unpaid under the- Note or this Security Instrument, and (b) any other of Sorrower' s rights (other than the ribht to any refund of unearned premiums paid by Borrower) under all insurance policies covering the Property inSOfal' as such rights are applicable to the covera�e of the Property. Lender may use the insurance proceeds either to repair or restore the Property or to pay amountti unpaid under the Note or thia Security Instrument, whether or not then due. 6. Occupanc,y. Borrower ahall occupy, establish, and use the Property as Borrower' s principal residence within 6Q days after the execution of this Secuxity Instrument and shalJ continue to accupy the Property as Borrower' s principa] residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unr�asanably withheld, or unless extenuating circumstances e�ist which are beyond Borrower' ti control. 7. Preservatian, Maintenance and Protection of the Property; Inspections. Barrower shall not destroy, damage or icnpair the Property, allow the Property to deteriorate or corzimit waste on the Property. Wh�ther or not Borrower is residing in the Property, Borrawer shall maintain the Property in order to prevent the Property fram deteriorating or decreasing in value due to its condition. Unless it is determined pursuani. to Section 5 that repair or restoration is not economically feasible, Borrower shall prornptly repair the Property if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in connection wiCh damage to, or the taking of, the Property, Borrower shall be responsible for repairing ar restoring the Property anly if Lender has released proceeds for such purposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is cvmpleted. lf the insurance ar condemnation proceeds are not sufficient to repair ar restore the Property, Borrower is not r�lieved of Borrower' s obligation for the completion of such repair or restoration. Lender pr its agent may make reasonable entries upon and inspections af the Property. If it has reasonable cause, Lender xnay inspect the interior of the improvements on the Property. Lender shall give Borrower notice at the time of or prior to such an interior inspection specifying such reasonable cause. 8. Sorrower's Laan Application. Borrower shall be in default if, during the Loan application process, 13orrower or any persons or entities acting at the direction of Borrower or with Borrower's knowled�e or consent gave materially false, rnisleading, or inaccurate information or statexnents to Lender (or failed to provide Lender �vith material information) in connection with the Loan. Materia] representations include, but are not limited to, representations concerning Sorrower's occupancy of the Property as Borrower' s principal residence. 231p30 NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM IN57RUMENT�� �-6(NE) �oe�i� Page7 or �s i � Form 3028 1101 �