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�a��oo�� work has been completed to Lender's satisfaction, provided that such inspection shall 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 completed. Uciless 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. Fe�s for public adjusters, or other third parties, retained by Bor;rower shall not be paid out of the insurance proce�ds and shall be the sole obligation of $orrower. If the restoration or repair is not economically feasible or L.ender's se�urity 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 order provided for in Sectian 2. If Borrower abandans the Property, I.ender may file, negotiate and settle any available insurance clairn and related matters. If Barrower daes not respond within 30 days to a notice from Lender that the insurance carcier has offered to settle a claim, then Lender may negotiate and settle the claizn. The 3p-day period will begin when the notice is given. In either event, or if Lender acquires the Property und�er Section 22 or otherwise, Barrower 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 t�is Security Tnstrurnent, and (b) any other of Borrower's rights (other than the right to any refund of unearne�ci premiums paid by Borrower) under all insurance policies covering the Property, insofar as such rights are applicable to the coverage of the Froperty. Lender may use the insurance pracceds either to repair or restore the Property or ta pay amnunts unpaid under the Note or this Security Instrument, whether or not then due. 6. Occupancy. Borrower shall occupy, establish, and use the Property as Barrower's principal residence within 60 days after the execution of this Security InsCiwr►ent and sha11 continue to occupy the Property as $arrower'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 withl�eld, ar unless extenuating circumstances exist which are beyond Borrower's cantrol. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or i�npair the Property, allow the Property to deteriorate or conunit waste on the Property. Whether or not Borrower is residing in the Property, Borrawer shall maintain the Property in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is det�rnuned pursuant to Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration or damage. Tf insurance or condernnation proceeds are paid in connection with damage to, or the taking of, the Froperty, 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 is cornpleted. If the insurance or condemnation proceeds are not suff'icient to repair or restore the Property, Borrower is not relieved of Boz't'ower's obligation for the completion of such repair or restaratian. Lender ar its agent may malce reasonable entries upon and inspections of th� Property_ if it � reasonable cause, Lender may inspect the interinr of the improvernents on the Property. I.ender shall give Borrower natice 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 thc Loan application process, Borrower or any persons or entities acting at the direction of Borrower ar with Borrower's knowle�dge or cansent gave materially false, misleading, or inaccurate infoz'mation or statements to Lender (or failed to provide L.ender with material infortnation) in connection with the L,oan. Material representations include, but are not limited to, representations concerning �orrower's occupancy of the Property as Borrower's principal residence. NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT �-6(NE) lost t 1 Page 7 of 15 � i��s�ais: �¢- d_ Form 3028 9/07 � � ��\.