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�01100�15 work has hccn cnmpletecl to Lendet's satisfaction, provided that such inspection shall be undertaken promptly_ Len�ler may disbr�u'ae proceeds Cor the repairs and restoration in a single payment or in a series of �r��gresti paymenta as the work is completed. Unless an agrcemcnt iti made in writit�g or Applicahle Law requires intcrest to be raid on such insurance ptoceeds, Lender shall not bc rcquired to pay Borrower any interest or earnings on 5uch proceeds. l�ccs for public adjusters, ar other third partie�, rctaincd by Borrower shall not be paid out of the insurancc procceds and shall be the eole obligation of .I3orrowcr. Cf the testoration or repair is not economically featiihle c�r Len�ler'� security would be les�ened, the in�urancc proceedy shall be applied to thc �ums secured by this Security Insltument, whethet ot not then due, with lhe excess, if any, paid to [3orrow�r_ �uch insurance proceed5 5ha11 be applied in the order provided for in Section 2_ Tf Borrow�r abandona the Properiy, Lender may file, negotiate and settle any available insurance claim and related mattcrs. If Bortower does not respond within 30 days to a noticc from Lender that the insuranee carrier k►a� offered tn Setile a claim, then Lender may ncgotiate and settic the claim. 'T'he 3U-day period will begin when t.he notice is given. ln eithcr cvcnt, or if Lender acquires the Property under Scction 22 ar otherwise, Bottower hereby assigns to .Lcqdcr (a) I3orrower's rights to any insurance �rnceed� ir� an amount not to exceed the amounts unpaid under the Note nr this Security Instnimcnt, and (b) any �ther of Bortuwer'S tights (other than the right to ar�y refund of unearned prcmiuma paid by Borrowcr) under all insutance policies covering the Property, insofar as such ri�hts are applicable to thc ci�vera�c of the Property. Lender may use the insurance procecds either to repair or reetore thc Property or to pay amotuats unpaid undet the Nole or this Security Instntmcnt, whether or not then due_ (i. Occupancy. Bottower shall occupy, establish, ana us� the Property as Borrower's principal residence within 60 day� after the execution of this Sccurity Instrument and shall continuc to occupy thc Property as Borrower'e principal residence for at least nnc ycar after the date i�f nccupaztcy, 1xnlcsG Lcndcr otherwitic agrees in writing, which consent shall not bc unrcaGOnably withheld, or unlcss cxtcnuating circumstanccs exi�t which are heyond $orrower's controL 7. Preservation, Maintenanec and Protection of the Property; Inspections. I3orrnwcr shall not dc�troy, damage nr impair the Ptopetty, allow the Pro�crty to dcterinrate or cornrnit wastc on the Property. Whethcr or not Borrowet is tesidin� in the Property, Iiorrnwer �hall maintain the Property in order to prevent thc Property from deietiorating ot decreasing in valuc duc to its condition. Unless it is determined pi�rsuant to 5ectian 5 that tepait or restoration is nnt cconotnically fcasihlc, Tiorrower shall promptly repair t�ie Property if damaged to uvoid further deterioration or damage_ If insurance or condemnation procecd� are paici in cvnnection with damage to, or thc taking of, the Property, I3orrower shall be respontiible for repairing or te5toting the Property only if Lender has rcicascd proceeds for such purposes. Lender r�tay disburse proceed5 fot ihe repairs and restoration in a single payment or in a series of progress paymcnts as thc work i� compleled. II the insurance or condcmnation procceds are not sufticient to repair or restore thc Pri�perty, Bortower is nut telieved of Borrowcr's obligation for the completion of such rcpair or rc�ti�ration_ Lcndcr or its agent may inake reasonable entries uron and in�pectiot�s ��f the Prop�rty_ 1f it has ccasonablc cause, Lender may inspect the interior of thc improvements on the Property. Lendcr shall give I3orr��wer t�otice ai t.he time of or prior to such an interior inspectipn specifying such reasonahle cause. 8. Borrower's Loan Applicatinn. I3�rrower shall be in deFault if, during the Loan applicatian process, Borrnwer or any persons or entitie� acting at the direction of Borrower or with Borrower's knowledge or consent gave materially fal�e, misleading, ot inaccutute infonnation or slatements io Lender (or failed to provide Lender with material informution) in connection with lhe Loan. Material representations include, but are nnt limited to, tepresentations conccrning Borrowcr's occupancy of the Property as Cinrrower's principal residence. NEBRASKA- Single Family - Fannie MaelFreddie Mac UNIF4RM INSI'RUMEN7 �-6(NE) �oaii� Page7of15 �nitia�s: Form 3028 1/01 ��