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201ioo4s2 work has been completed to Lender's satisfaction, provided that such inspection sha11 be undertaken promptly. L.ender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. Unless an agreernent is rnade in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not be required to pay Borrower any interest or earnings on such proceeds. �ees for public adjusters, or other third parties, retained by �3arrower shall not be paid out of the insurance proceeds and sha11 be the sole obligation o:f Borrower. If the restoration or repair is not economically feasible or L.ender's security would be lessened, the insurance proceeds sha11 be applied to the surns secured by thzs Security Tnstrument, 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 5ection 2. If Borxower abandons the Property, Lender may file, negotiate and settle any available insurance claim atid related tnatters. 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 may negotiate and settle the claixn. The 30-day period will begin when the notice is given. Tn either event, or if Lender acquires the Property under Section 22 or atherwise, Borrower hereby assigns to Lender (a) Bonower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid under the Note or this Security Instrurttent, and (b) any other of Borrower's rights (other than the right to any refund of unearned premiums paid by Borrower) under all insurance policies covering the Property, insafar as such rights are applicable to the coverage of the Praperty. Lender may use the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the Note or this Security Instrument, whether or not then due. 6. Occupancy. Barrower shall occupy, establish, and use the Property as Borrower's principal residencE within 60 days after the executian of this Security Instrument and sha11 continue to occupy the Property as Borrower's principal residence for at least one year after the date of occupancy, unless L.ender otherwise agrees in writing, which consent shall not be unreasanably withheld, or unless extenuating circwnstances exist which are beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, dazn�age or impair the Praperty, allow the Property to deteriorate or commit waste on the Property. Whetk�er 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. Unless zt is detem7ined pursuant to Section S that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if darnaged to avoid further deterioration or damage. If insurance or condemnatian prnceeds are paid in connection with damage to, or the taking of, the Property, Borrower shall be responsible for repairing or restoring the Propexty only if I.ender has released proceeds for such purposes. I.ender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. If the insurance or condemnation proce�eds aze not suff'icient to repair or restore the Property, Borrower is not relieve� of Borrower's obligation for the campletian of such repair or restoration. Lender or its agent xnay make reasonable entries upon and inspections of the P�roperty. [f it has reasonable cause, L.ender may inspect the interior of the improvements on the Property. Lender shal] give Barrower notice at the time of or prior to such an interior inspection specifying such reasonable cause. S. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, Barrower or az�y persons or entities acting at the direction of Borrower or with Boz7'ower's knowledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (ar failed to provide Lender with material information) in connection with the Loan. Mater�al representatians include, but are not limited to, representations concerning Barrower's occupancy of tlae Property as Borrower's princzpal residence. �d�__ . NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT � �-B�NE) loat t1 Page 7 of 15 Initiel Fol'm 302$ 9l01 � ' y . . j