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2oi�oo457 work has bean completec� to T,ender's satisfaction, pz that such inspeclian shall be unc�ertatcen pzomptly. Lender may disburse praceeds for the repairs and restoration in a siu�.gle payment or in a series of prvgess paytnents as the wqrk is completed. Unfess ar► 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 arAy interest or eamings on such proceeds. Fees for �ublic adjusters, or nCher third parties, retained by Borrower shall not be paiid out of the insurance proceeds and shall be the sole obligation of Borrower. If the restoration or repair is not econurnzcally feasiblc or I.,ender's security would be lessened, tk�e iz�surance proceeds shaU be applied to the surns secured by this Security Instrurnent, whether or not then due, with the excess, if any, paid to Borr�wer. Such insurance proceeds ski,aJ.l be applied in the oxder pravided for in Sectian 2. If Borrower abaz�dons the Property, l,ender rnay �le, negotiate and settic any avaiIa6Ie insurance claim and related xivatters. If Borrower does not respond witl�an 3D days to a notice frvm Lender that the insuz�ance carrier has offered to settle a claim, then L�der may negotiate and settle the clairn. The 30-day period will begin when the notice is givez�. In either event, or if Lender acquires the Property under Section 22 or otherwise, Iiorrower hezeby assigns to Lender (a) Sorrower's ri�hts to any insuz�ance proceeds in az� amount not to exceed the arnounts unpaid under the Note or this Secuxity Instrunne�nt, and (b) any otkxer of Borrower' s rights (other thaz� tk�e cight to any refund of uneamed premiums paid by Borrower) under all insurance policies covering the �'roperty, insofar as such rxghts are applicable ta the co�erage of the Prnperty. Lender zn�ay use the insurarice proceeds ei�her tc� r�pair or rastore the Propez�ty or to pay amounts unpaid under the Note or this Secl3rity Instrument, whether or not tlaen due. 6. Occupancy. Borxower shall occupy, establash, and use the Prnperty as Borrvwer's principal residence within 60 days after the execution of this Security Tustnuz�er�t and shall continue ta occupy the Pz'operty as BozxoWer' s principal residence for at least one year after tlxe date of qecupancy, unless Lender otherwise agrees in writing, wk�ich consent sha11 not be wnxeasonably withheld, or unless extenuating circumstances exist which are beyond Bozxower's control. 7. Preservation, Mainten�nce �nd Protection of th� Prnperty; �nspectians. Borrower shall nat destroy, damage or im�air the Praperty, a.Ilow tha Property to deterioratc or commit waste on the Property. WhetheT or not Borrpwer is residing in the Property, Borrower shall txa.aautaan the Property in order ta prevent tkie Properry from deteriorating ox decreasing in value due to its condition. Unless it is dete�nined pursu�nt to Sectian 5 tJaat repair or rastvration is not economically feasible, Borrower shail proznptly repair the Properiy if damagcd to avoid �'i.u detexioration or danaage. If insurar►ce or c�ndemnation proceeds az'e paid in connection with darnage to, or the taking of, the Propexty, Borrower shall be cesponsible for repairing or restori�zg the Property pnly i� �ender has released proceeds for such purposes. I,ender may disbuxse proceeds for the repairs and restvratio�a iva a single payment ox in a series of progress payments as the work is completed. If the insurance or condemnaticm proceeds are not su�cient to repair or restore the Froperty, Sorrower is not relieved of Borrow�r' s oblzgation for the completion of such repair or rsstoration. Lender or its a,�ent may make reasonable entries upon az�d inspections of the Praperty. If it has reasonable causa, Lender nuay inspect the interior o£ the improvements on the Property. Lender shall givc Sorrovver notice at thc ti.me of or prior to such au znterior inspection specifying such reasan.able cause. 8. Borrower's Loan Application. Borrower shaIl be in default if, during the Loan application process, Borrower ox axay persons or ex�t�t�es acCing at the direction of Borrawer ox with Bnrrower' s knowIedge or consent gave materially false, zzxzsleading, or inaccurate information or statements to Lcnd.er (or failed to provide Lender with rnaterial infarmati�n) in cozaznection with the I.oan. Material representations include, but are not linnited to, representations concerning Bonower's occupancy of the Property as Borrower's principal residencc. 7111334509 NEBRASKA -5inqle Family-Fannia MaelFreddle Mac 11NIFORM iNSTRUMENT WITH M R5 �-6A(NE) (08�0) Pa9e7 of 15 Initials: �� FOt't11 3028 1l01