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201100234 work has been coraapleted to Lender's satisfaction, provided that such inspection sha11 be undertaken promptly. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is campleted. Unless an agreement is made in writing ar 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 the sole obligation of £3orrower. If the restoration or repair is not econnrnically feasible or Lender'S security would be lessened, th� insurance proceeds shall be applied to the sums secured by this Security Instrument, whether or nat 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 Borrower abandons the Prpperty, Lender may fle, negotiate and settle any available insurance claim and related matters. If Bozrower daes not respond within 30 days to a notice from Lender that the insurance carrier has offered to settle a claim, then Lender may negotiate and settle the claim. The 30-day pariod will begin when the notice is �iven. In either event, or if Lendar acquires the Property under Section 22 or otherwise, Borrower hereby assigns ta Lender (a) Borrower' s ri�hts to any insurance proceeds in an amount not to exceed the amounts unpaid under the Note or this Security Instrument, and (b) any other of Borrower' s rights (other thaza the right to any refund of unearned premiums paid by Borrower) under al1 insurance policies covering the Property, insofar as such rights are applicable to the coverage of the Praperty. Lender may use the insurance proceeds either to repair or restore the Froperty or to pay amounts unpaid under the Note or this Security Instrument, whether or not then due. 6. Oeeapancy. Borrower shall occupy, establish, and use the Froperty as Borrawer' s principal residence within 60 days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower' s principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuatin� circumstances �xist which are beyond Borrower's control. 7. Preservation, Maintenance and �'rotection of the Property; Inspections. Borrower shall not destroy, darna�e or impair the Froperty, allow the Property to deteriorate or cammit waste on the Praperty. Whether or not Borrower is residing in the Property, Borx shall maintain the Froperty in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that repair or rest�ration is not economically feasible, Borrower shall promptly repair th� Property if damaged to avoid further deterioration or damage. If insurance or condemnation proc�eds are paid in connection with damage to, or the taking of, the Praperty, Borrower shall be responsible for repairing or restoring the Property only 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 iti completed. If the insurance or cvndemnation proceeds are not sufficient to repair or restore the Property, Borrower is not relieved of Borrower' s obligation for the completion of such repair or restoration. Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender shal] give Borrower notice at the time of oar prior to such an interior inspection specifying such reasonable cause. 8. Borrower's Loan Application. Bvrrower shall be in default i£, during the Loan application process, Borrower or any persons or entities acting at the direction of Borrower or with Borrower's knowledge ar epnsent gave materially false, misleading, or inaccurate information ar statements to Lender (or failed to provide Lender with matenial infarmation) in connection with the Loan. Material representations include, but are not limited to, representations concerning Borrower' s accupancy of the Property as Sarrower's principal residence. 231041 NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM IN5TRLIMENT �-B(NE) (0811) Page7 of 15 initiais: �� Form 3028 1/p1 �