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2oiioo2�4 work has been completed to Lender's satiafaction, provided that such inspection shall be undertaken promptly. Lender may disburse proceeds for Che repairs and restoration in a single payznent or in a series of pro�ress paymenta 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 proceeds. Fees for public adjusters, or other third parties, retained by Borrower shall not be paid out of the insurance proceeds and shall be fhe sole obligation of Borrower. lf the restoration or repair is not economically feasible or Lender'� 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 ord�r provided for in Section 2. If Sorrower abandons the Property, Lender may �le, negotiate and settle any available insurance claim and related matters. If Borrower does not respond within 30 days to a notice from Lender that the insurance carrier has offered io settle a claim, then Lender may ne�otiate and settle the claim. 'I'he 30-day period will begin when the notice is given. In either event, or if Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount not tn exceed the amaunts unpaid under the Note or this Securiry lnstrument, and (b) any ather of Borrower' s rights (other than the right t.o any refund of unearned premiums paid by Borrower) under all insurance policies covering the Property, insofar 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 amounts unpaid under the Note or this Security Instrument, wh�ther or not then due. 6. Occupancy. Sorrower ahall occupy, establish, and use the Property as Borrower' s principal residence within 60 days after the execution of this Security Instrument and shall continue ta occupy the Property as Borrower's principal residence for at least onc year after the date of occupancy, unless Lender otherwise agrees in writing, which consEnt shall not be unreasonably withheld, or unless extenuating circurnstances exist which are beyond Bozrower's control. 7. Preservation, Maintenance and Protection of the Prpperty; Inspectipns. Borrower shall not destroy, damage or impair the Property, allow the Property to deteriorate or commit waste on tk�e Property. Whether or not Borrower is residing in the Property, Borrower shall. maintain the Property in order to prevant the Froperty frorn deterioratin� or decreasin� in value due to its conditipn. Unless it is deternained pursuant to Section S that repair or restoration is not econamically feasihle, Borrower shall promptly repair the Froperty if damaged to avoid further deterioration or damage. If insurance or condemnation praceeds are paid in connection with darr►age to, or the taking of, the Property, Borrower shall be responsible for repairing ar restoring the Property only if Lender has released proc�eds for such purpases. T.,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 the insurance or condemnatipn proceeds are nat suftcient to repair or restore the Property, Borrower is not relieved of Bart'ower's obligatian for the completion of such repair or restoration. Lender or its agent may rnake reasonable Entries upon and inspections of the Property. Tf it has reasonable cause, Lender may inspect the interior af the improvements on the Property. Lender shall give Bonrower notice at the time of or prior to such an interior inspection sp�cifying such reasonable cause. S. Borrower's Loan Application. Borcower shall be in default if, durin� the Loan application process, Borrower or any persons or entities actin� at the direction of Borrower or vvith Borrower' s knowledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed ta provide Lender with material infarmation) in connection with the Loan. Material representations include, but are not limited to, representations concerning Borrower's occupancy of the Property as Borrawer' s principal residence. 237.040 N�BRASKA - Singie Family - Fannie Mae/Freddie Mac UNIFORM IN57RUMENT �,,/) (�, �-6(NE��oe��> Paga7of15 initia�_.�l1� '�1� Form3028 1/01 � t � �ifiti