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2oi�oo2s5 work has been campleted to Lender's satisfaction, provided that such inspection shall be und�rtaken promptly. Lender may disburse proceeds fpr the repairs and restoration in a single payment or in a series of progress payments as the work is coznpleted. Unless an agreement ia made in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shall npt be required to pay Barrawer any interest or earnings on such proceeds. Feas for public adjusters, ar other third parties, retained by Borrower shall not be paid out of the insurance proceeds and shall be the sole obligation of Bc�rrower. If the restoration or repair is not economically feasible or Lender's security would be lessened, th� insurance prpceeds 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 order provided for in Section 2. If Bprrower abandons the Property, Lender rnay �le, negotiate and settle any available insurance claim and related matters. If Borrower does not respond within 30 days to a natice from Lender that the insurance carrier has offered to settle a claim, then Lender rnay negotiate and settle the claim. The 30-day period wi11 begin when the nocice is given. In either evenC, 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 to exceed the amounts unpaid under the Note or this Security Instrument, and (b) any other of Borrower's rights (other than the right to any refund of unearned premiurns paid by Borrower) under all insurance policies covering the 1'roperty, insofar as such rights are applicable to the coverage of the Property. I.ender may use the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the Note or this Security Instrument, whether or not then due. 6. Occupancy. Sorrower shall accupy, establish, and use the Property as Borrower' s principal residence within 6Q days afcer the execution of this SecuriCy 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� circurnstances exist which are beyond Borrower's control. '�. Preservatian, Maintenance and Protection nf the Property; Inspectians. Borrower shall not destroy, damage or impair the Property, allow the Property to deteriorate or commit waste on the Froperty. Whether or not Borrvwer is residing in the Property, Sorrower shall maintain the Property in order to prevent the Properiy from deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section S that repair or restoration is not ecanomically feasible, Borrower shall promptly repair the Property if dam�aged to avoid further deterioration or damage. Tf insurance or condemnation proceeds are paid in connectipn with damage to, or the taking of, the Froperty, Borrower shall be respansible for repairing or restoring the Prop�rty 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 pro�ress payrnents as the work is completed. If the insurance or condemnation 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 znay make reasonable entries upon and inspections of the Property. If it has reasonable cause, Lend�r may inspect the interior of the iznprovernents on the Property. Lender shall give Borrower notice at the time of or prior to such an interior inspection specifying such reasonable cause. 8. Borrower's Loan Application. Borrower shall be in deFault if, during the Loan application process, Borrower or any persons or entities actin� at the direction of Borrower or with Borrower' s knowledge or consent gave materially false, misleading, or inaccurate information or statexnents to Lender (or failed to provide Lender with material information) in canneccion with the Loan. Material represencations include, but are not limited to, representations concerning Borrower's occupancy of the Property as Borrower' s principal residence. 231039 NEeRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-6(NE) (oett) Page7 of 15 m�cisis: �� Fqrm 3028 1/01 �