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2011Q02a4 work has be�n c;ompleted to T.ender's satisfactic�n, provided that such inspection shall be undertaken promptly. I,ender may disburse proceeds for thc repairs and restoration in a single payment or in a series of progress payrnents as the work is c��mpl�ted. iJnless an agreement is made in writing or Applicable Law requires interest to be paid on such insurance pr�ceeds, Lender shall not be required to pay Borrower any interest ar earnings on such proceeds. Fees far public adjusters, or other third parties, retained by Barrawer shall not be paid nut of Ih� insurance proceeds and shall be the solc c�bligatian of Borrower. If kh� restoration or repair is not econc>mically feasible or Lender's security would be lessened, the insurance proceeds shall be applicd tr� the surns secured by this Security Tnstrument, whether or not then due, with the excess, if any, paid to Borrnwer. Such insurance proceeds shall be applied in the arder provided for in Sectian 2. If Borrower abandnns the Property, L.ender may file, negotiate and settle any available insurance claim and related matters. If Borrower does not respond within 30 days lo a natice from Lender that the insurancc c:arricr has offered to settle a claim, then I.ender may nego�iat� and settle the claim. The 30-day period will begin when the notice is given. In either event, or iF Lcnder acquires the Yroperty under SC:G�IQT1 ZZ or otherwise, 13orrower hereby assigns lo Lender (a) Borrower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid under th� Note or this Security Tnstrument, and (b) any other ot' Borrower's rights (ather than the right to any refund of unearned premiums paid by Borrower) under all insurance p�lic;ies cr�vering the Property, insofar as such righks are applicable to the coverage of the Property. Lendcr may use the insurance proceeds either to repair or restore the Praperty or to pay amounts unpaid under the Natc; ar this Security Instn►ment, whether or not then duG. 6. Occupancy, Borrower shall occupy, �stablish, and use the Yroperty as Borrower's principal residence within 60 days aftcr the cxcculion af this Security Instrument and shall continue to occupy lhe Prc�perty as Borrower's principal residence for at least one year afC�r the date of occupancy, unless L.ender otherwise agrees in writing, which cUnsent shall not be unreasonably withheld, or unless cxtenualin� circumstances exist which arc bcyond Borrower's c�ntrol. 7. Pr�s�rvatiun, Maintenance and Protection of the Property; Inspections. 13arrawer shall not dcstray, damage ar impair the Property arroW the Yroperty t� detc:riorate or commit waste on the Property. Whett�er or not Borrower is residing in the Property, Borrowcr shall rnaintain the Yroperty in Urd�r to prevent the Yroperty from deteriorating or decrcasing in value due to its condition. Unless it is dctermined pursuant to Section 5 that repair or restoration is nol econc�mi�ally feasible, Borrower shall pz'ornptly repair the I'roperty if damaged to avoid furthcr deteariaration or damage. Tf insurance or c�ndemnatipn proceeds are paid in connection with damage to, or the taking af, the Property, Borrower shall be responsible for repairing or restoring the Property orily if Lender has released proceeds for such purposes. L.ender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. If lhe insurance �r c:c�ndenraxaation proceeds are not sufficient to repair or restore the Property, F3orrc�wer is n�t relicvcd uf Barrower's obligation for the completion of such repair or restoration. T.endcr or its agent may make reasonable entries, upon and inspections of the Prc�perty. If il has reasonable cause, I,ender may inspect the interior of the improvements on the Properly. Lc:nder shall give Borrower notice at the time of or prior to such an interior inspection specifying such rcasc►nabl� cause:. 8. Borrower's Lr�an Application, Borrower shall be in default if, during the I,oan applicalion process, Borrower or any persons or entities acting at the direction of Borrower or with Borrower's knowledge or consenC gave materially false, misleading, or inaccurate information or statements to I,ender (cyr failed to provide Lender with material information) in connection wilh lhe I,oan. Material representations include, but are not limited to, representations concerning 13orrc�we:r's occupancy c�f the Property as Borrower's principal residence. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �, �-61NE) waiii Page7af 15 Initials:�!'f� Form 3028 9/09