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2Q�iQ0383 work has been completed to Lender's satisfaction, provided that such inspection sha11 be undertaken prprnptly. Lender may disburse proceeds for the repairs and restoration in a single payrnent or in a series of progress payment5 as the work is completed. Unless an agreernent is made in writinb ar Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not be required to pay Borrower any interest or earnings on sucla proceeds. Fees for public adjusters, or oCher third parties, retained by Borrower shal] not be paid out of Che insurance proceeds and shall be the sole obligation of Borrower. If che restaration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeda shall be applied to the surns secured by thi� Security Instrument, wh�ther or not then due, with th� excess, if any, paid to Borrower. Such insurance prnceeds shall be applied in the order provided for in Sectian 2. If Borrower abandons the Property, Lender may file, negotiate and settle any available insurance claizn and related matters. If Borrower doe5 not respond within 30 days to a notice from Lender that Che insurance carrier has offered to settle a claim, then Lender may negotiate and settle the claim. The 30-day period will begin when the notice is given. in either event, or if Lender acquires the Property under Section 22 or otherwise, Borrower hereby assi�ns to Lender (a) Borrower' s rights to any insurance proceeds in an amount not to exceed the axnounts unpaid under the Note or this Security Instrument, and (b) any other of Borrower' s rights (otlaer than the right to any refund of unearned premiums paid by Borrower) under ail insurance policies coverin� the Property, insofar as such rights are applicable tti the coverage pf the Property. Lender may use the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the Note or this 5ecurity Tnstrument, whether or not then due. 6. Oecupancy. Borrower shall accupy, e5tablish, and use the �'roperty as Borrower' s principal residence within 60 da.ys after the execution of this Security Instrument and shall continue Co occupy the Property as Borrower's principal residea�ce for at least one- year after the date of occupancy, unless Lend�r otherwise agrees in writin�;, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond F3orrower's control. 7. Freservation, Maintenance and Protection of tl�e Froperty; Inspections. Borrower shall not. destroy, dama�e ar impair the Property, allow the Property to deteriorate or cornmit waste on fhe Property. Whether or not Borrower is residing in the Property, Borrower shall maintain the Prpp�rty in order to prevent the Property from deteriorating or decreasing in value due to its condition. Un.less it is determined pursuant to Section 5 that repair or restpration is nat economically feasible, Borrower shall promptly repair the Property if damaged tn avoid further deterioration or damage. If insurance or condemnation proceeds are paid in cannection with damage to, or the taking of, the Property, 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 coz�apleted. Tf the insurance or condemnation proceeds are nat sufficient to repair or restpre the Property, Borrower is not relieved of Borrower's obligation for the completion of such repair or restoration. Lender or its agent may make reasonable entries upon and inspections of the Prnperty. If it has reasonable cause, Lender naay inspect the interior of the irnprovernents on the Praperty. Lender shal] give Borrower notice at the time of or prior to such an interipr 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 acting at the direction of Borrower or with Borrower' s knowledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material infar►x�ation) in connection with the Loan. Material representations include, but are not limited to, representations concerning Borrower's occupancy of the Property as Borrower' s principal residence. 231043 NEBRASKA - Single Family - F'annie Mae/Freddie Mac UNIFORM INSTRUMENT ^� / �-6(NE) �oeii� Page7 of 15 Initial I` Form 3028 1101 m