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20110047G work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse proceeds for the repairs and reskoration in a single payment or in a series of progress paymcnts as the work is completeci, Unless an agreement is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not be rcquircd to pay Borrower �.�ny intcrest or earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Borrower shall �iot be paid out of the insurance proceeds and shall be the sole ohligation of Borrower. If the restoration or repair is not economically feasible or l,ender's security would he ]essened, the instn proceeds shall bc applied to the sums secured by this Security Instrumcnt, whcthcr or not then due, with the excess, if' any, paid to Bon Such insurance proceeds thall he applied in the order provided for in Section 2. If Borrowcr abandons the Property, l�eaader may file, negotiatc and settle any available insurance clain� and related mattcrs. If F3orrower does not respond within 30 days co a notice From Lender that thc insurance carrier has offered to settle a claizal, then Lender may ncgotiate and settle the clai►n. `1'he 3U day period will begin when the notice is given. In either evcnt, or if Lender acquires the �roperty undcr Scction 22 or otherwise, Borrower hereby assigns to Lcndcr (a) Borrower's rights to any insurancc proceeds in an amount not to exceed the amounts unpaid under the Nc�te or [his Security Instrument, and (b) any othcr of Borrow�;r's rights (other than the right to any rcfund of unearned premiums paid by Borrower) �mdcr all insurance policies covering the Property, insofar as such rights are applicable to the coverage of the Property. Lender may use tl�e insurance proceeds either to repair or resfore the Property or to pay amounts unpaid undcr the Note or this Security instrunient, whcthcr or not then due. 6. Occupancy. Borrower shall occupy, establish, and usc thc Property as Borrower's principal residence within 60 days after the execution of tllis Security Instivmcnt and shall continue to occupy the Pro�crty as Borrowcr's principal residence for at least one ycar after the date of occup�ulcy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower's control. 7. Preservation, Maintenance and Pir'otection of thc 1'roperty; InspecCions. Borrower shall not destroy, damage or impair the Property, allow the �'roperty to detcrioratc or commit waste on the Property. Whether or not Borrowcr is residing in the �'rope��ty, Borrower shall maintain the Property in order to prevent the !'roperty from detcriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section _5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in conncction with damage to, or tlie taking ot�, the Property, Borrower shall be responsible for repairing or restoring the Property only if I,ender has released procecds f'or such purposes. Lender inay disb�irse proceeds for the repairs and resloration in �.i single payment or in a serics of progress payme��ts as the work is co►npleted. If the insurance c�r conde�ru�atio�� proceeds are not sufficient to rcpair or restore ttre Property, F3orrower is not relieved of Borrower's obligation for the completion of such repair or restoration. Lendcr or its agent rr�ay make reasonable entries upon and insF�ections of tl�e Property. lf it has rcasonable cause, Lender may inspect the interior of the irnprovenients on the F�roperty. Lender shall give Bnrrower notice at the time of or priar to such an interior ins}�ectinn specifying sucll reasonable cause. S. Borrower's Loan Applicatiun. J3orrower shall be in dcfault if, durin� the Loan application process, Borrower or any persons or entides acting at the direction of Borrower or with Borrower's knowledge or conscnt gave materially Palse, misleading, or i�aaccurate inforniation or statements to L,ender (or failed to provide Lendcr with material information) in conncction with ihe I.,oan. Material representations include, but are not limited to, representations concerning Borrower's occupancy of the Propei as Borrowcr's principal residence. NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT �-6�NE) �os�� Page 7 nf 15 �nitia�s: FOrm 3028 1/tl9 0 �.I/ /� , � `"' � i �