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2oi�oo�ov work has bcen completcd fc� I..ender's satisfaction, provided that such inspection shall be undertaken promplly. L.ender may disburse praceeds fur thc: repairs and restoration in a single payment or in a series of prc�gress payments as the work is compleled. LJnless an agreement is made in writing or Applicabl� Law requires interest to be paid on such insurance praceeds, I,cnder shall not be required to pay Borrower any interesc or earnings on such proceeds. Pc:t:s t'or public adjusters, or other third parties, retained by Borrower shall nat be paid out of the insuranc:u proceeds and shall be the sole obligation of 13orrowet. If the restoration or repair is not economically feasible or I.,ander's security would be lessened, the insurance proceeds shall be applied to the sums secured hy this Sccurity Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such insurance proceeds shall be applied in thc; ardcr provided for in Section 2. If Borrnwer abandon.5 the PropGrty, Lc:nder may file, negotiate and settle any available insurancc claim and relatcd matters. If Bc�rrc�wcr d�es not respond within 30 days to a notice frorn Lender Ihat the insurance carrier has �ffered ta s�ttle. a claim, then I..ender may negotiate and settle the claira. Thc: 30-day period will begin when the ncttice is givcn. Tn either event, or if Lender acquires the Prop�rty under Sectipn 22 c�r othcrwise, Barr�wcr hereby assigns to Lender (a) Borrower's rights tn any insurance proceeds in an arnount not to exceed the amUUnls unpaid under the Note or this Security Instrumenl, and (b) any other of Bc�rrower's rights (c�kher than the right to any refund of unearned premiums paid by Borrower) under all insurance policies coverin� lhe Property, insofar as such rights are applicable fo lhe covera�,e of the Pr�perty. Lender may usc the insurance proceeds either to repair or restore the Pr�perty or to pay amounts unpaid under the Nate ar tl�is S�curity Instrument, whether or not then due. 6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within 60 days after the executi�n c�f lhis Security Instrument and shall continue k� occupy the Yroperty as Borrower's principal residence for at leasl one year after the date of occupancy, unless Lc:nder otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless e:xtenuating circumstances exist which are beyond Borrower's cc�ntrol. 7. Preservation, Maintenance and Protection �f the Property; Inspections. Borrower shall not destroy, damage or impair the Property arrow the Property Cc� deteriorate or commit waste on thc Property. Whether �r not Barr�wer is residing in the Property, Borrowcr shall maintain the Yroperty in order ka prevcnt the Praperty from deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Sec;ti�n S lhat repair or restoration is not economically feasiblc, Borrower shall promptly repair thc Fraperty if damaged to avoid f'urther deterioration or daznage. If insurance or condemnation prnceeds are paid in cannection with damage to, or the taking of, the Frnperly, Borrower shall bc respc�nsible fc�r rcpairing or restoring the Property only if Lend�:r has rcicased proceeds for such purpc�ses. I.ender may disburse prac:ceds for the repairs and restoration in a single payment or in a series af progress paymcnts as lhc work is completed. If the ir�suranc� or Gondemnation proceeds are not sufficienl tc� rc�air or restore the Property, Borrower is not relieved c�f Borrower's obligation for the cornpletion of such repair or reslc�ralion. I�epder c�r its agcnt may make reasonable entries upon and inspections of the T'roperty. If it has reasonable cause, L,e.nder rnay inspe:ct fhe interior of the improvernenCs c�n the Property. Lender shall give Borrower noticc at thu lime of or prior to such an interior inspecCion specifying such reasonable causc. 8, Borrower's Loan Application. Borrower shall be in default if, during lhe Loan application process, Borrower nr any persc�ns or entities acting at the direclican of Borrower or with Borrower's knowledge or corasent gave tnaterially false, misleading, or inaccurate information or statements to L.ender (or failed to provide Lender with malcrial information) in connecCion with lhc I,oan. Material representations include, but are not lirnited to, representations concerning Borrowtr's occupancy of the Property as Borrower's principal residence. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIF�RM INSTRUMENT �-6(NE��oaii� Paaa�ari5 Initials: Fol'rr1302$ 1/01 ��