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201�oo4si / v (( (/L/ work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse proceeds far the repairs and restoration in a single payment or in a series of progress payrnents as the work is completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, L.ender shall not be required to pay Borrower any interest or earnings on such proceeds. Pees for public adjusters, or other third parties, retain�d by Borrower shall not be paid out of the insurance praceeds and shall be the sole obligation of Borrower. If the restoration or repair is not econonnically feasible or Lender 5e�u�cy woura �� 1�S5�n�a the insurance proceeds shall be applied to the surns secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the order provided for in Section 2. If Borrower abandans the Property, Lender may �le, negotiate and settle any available insurance claim and related rnatters. If Borrower does not respond within 30 days to a notice from Lender that the insurance carrier has offered to settle a claim, then Lender rnay negotiate and settle the claim. Tfie 3q-day period will begin when the notice is given. In either event, or if I.ender acc7uires the Pro�eriy under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrow�''s rights to any insurai�ce proceeds in an amount not to exceEd the amounts unpaid under the Note or this Security Instrurnent, and (b) any other of Borrower's rights (other than the right to any refund of unearned prerniurns paid by Borrower) under all insurance policies covering the Property, insofaz as such rights are applicable to the caverage of the Property. Lender may use the insurance proceeds either to repair or restore the Property or to pay announts unpaid under the Nate or this Security Instrument, whether or not then due. 6. Occupancy. Borrower shall occupy, establish, a�nd use the Property as Borrower's principal residence within 60 days after the execution of this Security Instrurnent and shall continue to occupy the Property as Borrower's principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent sha11 not be unreasonably withheld, or unless extenuating ciz'cumstances exist which are beyond Borrower's control. 7. Preservation, Maintenance and Protectian of the Property; Inspections. Bonower sha11 not destroy, damage or impair the Property, allow the Property to deteriorate or cammit waste on the Property. Whether or not Borrower is residing in the Property, Borrower shall maintain the Property in order to prevent the Property from deteriorating or decreasing in value due to its condition. UnJess it is deternvned pursuant ta Section 5 that repair or restoration is not economically feasible, Sonrower shall promptly repair the Praperty if damaged to avoid further deterioration or datnage. If insurance or condemnation proceeds are paid in connection with damage to, or the taking of, the Froperty, Borrower shall be responsible for repairing or restoring the Property only if L.ender has releas� proceeds for such purposes. L.ender may disburse proceeds for the repairs and restoratian in a single payment or in a series of progress payments as the wark is campleted. If the insurat�ce or candemnation procceds are not sufficient to repair or restore the Property, Borrower is not relieved of �orrower's obligation far the campletion of such repair or restoratian. Lender or its agent rnay rnake reasonable entries upon and inspections of the �roperty. Tf it has reasonable cause, Lender may inspect the interior of the improvernents on the Property. Lexxder shall give Barrawer notice at the time of or prior to such an interior inspectian specifying such reasonable cause. 8. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, Bonower or any persons or entities acting at the direction of Borrower or with Borrower's knowledge or consent gave rnaterially false, rnisleading, or inaccurate inforniation or staternents to Lender (ar failed to provide Lender with material information) in connection with the Loan. Material representations include, but aze not limited to, representations concerning Borrower's occupancy of the Property as Borrower's principal residence. NEBRASKA - Single �amily - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-6(NE) 1asi�1 Page7of75 in�t�ais: Form 3028 1/09 �