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201144358 work has been completed to I.e:nder's satisfaction, provided that such inspection shall be undertaken prornptly. Lender may disburse proceeds for the repairs and restoration in a single paymcnt or in a series of progress payments as the work is completed. Unless an agreernent is rnade in writing or Applicable Law requires intcrest ta be paid on such insurancc proceeds, Lender shall not be rc:quired to pay Borrower any interest or earnings �n such �rc�cecds. Pees for public adjusters, or crlher third parties, retained by Borrower shall no[ t�e paid out of the insurance proceeds and shall be the sole obligation of' Borrower. If the restoration ar repair is not economically feasible or Lender's security would b� lessened, the insurance proceeds shall be applied to the suins secured by [his Sec:urity Instrument, whether or not th�n du�, with the excess, if any, paid to Borrower. Such insurance praceeds shall be applied in the order provided far in Section 2. IP Borrower abandons the Property, Lender may file, negotiate and SLLLIC dll� available insurance claini� and related rnatters. If 13orrower dves ncit respond within 30 days to a noticc from Lender that the insurance carrier has offercd to settle a claim, then L,ender may negotiate: and settle the claim. '1`he 30-day period will begin when �he notice is given. In either event, ar if Lender acquires the Pro�erty under Section 22 or otherwise, Barrower hereby assigns to Lender (a) Barrower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid under the Note or this Security Tnstrumcnt, and (b) any other of Borrawer's rights (other than the right to any refund af unearned premiums paid by Borrower) under all insurance policies covering the Prop�:rty, insafar as such rights are appli�ahle to the coverage of the Yroperty. L�nder may use the insurance proceeds either to repair or restore the �'roperty or to pay amounts unpaid under the Note or this Security Instrument, whetl�er ar not then due. 6. Occup$ncy. Borrower shall occupy, establish, and use thc: Property as Borrower'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 c�ne year after the date of occupancy, unless T.endcr otherwisc; agr�es in writing, which consent shall not be unr�asonably withheld, or unless extenuating circums[ances exist which are beyond Borrowcr's cc�nkrol. 7. Preservation, Maintenance and Protecti�n c�f th� Propert�; Inspections. 13orrower shall not destroy, damage ar impair the Property, allow the Praperty to deteriorate or commit wasle on fhc Property. Whclhcr ar not Borrower is residing in the Pr�perly, Borrawer shall maintain the Property in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is deter►nined pursuant to Section 5 that repair or restoration is not ecc�nozz�ically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioralic�n c�r damage. If insurance or condemrwtion proceeds are paid in connection wilh damage t�, or the taking of, the Property, Borrower shall be responsible for repairing or restoring the Property orily if L.ender has released proceeds for suc:h purposes. Lender may disburs� praceeds for the repairs and restoration in a singl� payment ar in a series of progress payments as lhc work is cornpleted. If the insurance or condemnati�n proc��ds are not sufficient to repair or restore the Prc>perty, Barrower is not relieved of Borrower's obligation for the campletian af such repair or restoration. Iae:nder or its agent may make reasonable c:nlric:s upc�n and inspeetions of the Property. Tf it has reasonable cause, L.ender may inspect tht interior af the improvements on the Property. T.ender shall givc Borrower notice at the time of or prior to such an intcrior inspection specifying such reasonable cause. 8. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, T3orrower or any p�rsons or entities acting at the direction of Borrower or with Barrc�wcr's knowledge or consent gave materially false, misleading, or inaccurate information or statements ta I,end�r (or failed to provide T..ender with material information) in car�ection with the Loan. Material rr:presentations include, but are not limited to, representations conG�rning Borrower's occupancy of the Property as Borrower's principal residence. NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUM@NT �-6�NE) loa� t 1 Page 7 of 16 i iai . Form 3028 9I01