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20110�3�0 work has been completed to Lencier's satisfaction, provideri that such inspection shall be undertaken prompdy. 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. Unless an agreement is nnade in writing or Applic:able Law requires interest to be paid on such insnrance proceeds, Lender shall not be zequired to pay Borrower any interest or earnings on such proceeds. Fees for public adjusters, or other third parties, rctaincd by Bc�rrower shall not be paid out af the insurance proceeds and shall be (he sole obligation of Borrower. If the restoration or repair is not econamically Feasible vr Lender's security would be lessened, the insurance prviceeds shall be applied to the sums secured by this Security Tnstrument, 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 &�rrower abandons the Property, I,ender tnay �le, negotiate and settle any availahle insurance claim and relatcd matters. If Barrower daes not respc�nd within 30 days to a notice from Lender that the insurance carrier has offered ta settle a claim, rhen Lender may negotiate and sctde the claim. The 3�-day period wiU begin when thc noticc is given. In either event, or if I.ender acquires the Property rxnder Section 22 or atherwise, Borrower hereby assigns to Lender (a) Borrawer's rights to any insurance proceeds in an amount not ta exceed the amounts unpaid under the Note or this Security InsWment, anci (b) any other of Borrower's rights (other than the right to any rcfund of unearned premiums paid by Bc�rrower) under all insurance policies covering the Property, insofar as such rights are applicable ta the coverage c�f the Property. Lendear may use We insurauc;e pr�ceeds either to repair or restore thc Property or to pay amounts unpaid under the Note or this Security lnstrument, whether or not then due. G. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residencc within 60 days after the execntion of this Security Instrument and shall cqntinue lv ocr.upy the Froperty as Borrower's principal residence for at least one year after the date af occupancy, unless Lender atlxerwise a�rrees in writing, which consenC shall nol be llTll'G:iSVIIA�Iy withheld, or unless extenuating circumstances exist which are bey�nd $orrower's wntrol. 7. Freservation, Maintenance �nd Protection of the Property; Inspections. Borrower shall not destroy, clamage or impairr the Property, allow the Property to deteriarate or cvmrrrit wastc on the Property. Whether or nat Borrower is residing in the Property, Borrower shall maintain the Property in order to prevent the P� fram deteriorating or decreasing in value duc to its conditivn. Unless it is determined pursuant to Section S that repair or restoration i� not economically feasible, Borrower sha11 prpurptly repair the Property if dam�aged to avoid further deteriorativn or damage. lf insurance or wndemnation proceeds are paid in cvnnection with damage tc�, or the ialcing of, khe Property, Borrower shall bc responsible for repairing or restoring the Property only if X.ender has released proceeds for such purposes. Lender may disburse proceeds for the repairs and restoration in a single paymenc or in a series of progress payments as the work is compleced. If the insurance or condemnation praceeds are not suffic'rent to repair or restore the Property, Borrower is nat relieved of Borrower's o6ligation for the completion oP such repair or reswration. I,ender or its agent may make reasonable entries upon and inspections of thc Pmperiy. If it has reasonable cause, I,encier may inspect thc interior of the irr►provements on the Properly. L,ender shall givc Sc�rrower notice at the time of or prior to such an interior inspectiou specifying such reasonable e;ause. S. Borrower's Loan Appliration. Borrower shall be in default if, during the Loan applic:ativn proc:ess, Borrower or any persons or entities acting at the direction of Borrower or with Borrower's l�awledge or conscnt gave xnateriatly false, misleading, or inaccuratc information or statements to Lender (or failed to provide Lender with u�aterial information) in ccmnection with thc Loan. Matcrial representations it�clude, but are not limited to, representatians concerning Bc7rrower's occupancy of the Property as Borrower's principal resideuce. NEBRASKA - 5ingle Family - Fannie MaelFreddie Ma�c UNIFORM INSTRUMENT WIT� �-BA�NE) �osi o� Paa@ � ot i s inctia�s: Form 3Q�8 9/09 IIIIIII�IIIIIIIINI��I�N��II�INIIhI � q03S40743477 0733 ]79 D715