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2011004�5 work has been cornpleted to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse proceeds for the repairs and restaration in a single payment or in a series of progress payments as the work is completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not be required to pay Banower any interest or earnings on such proceeds. Fees for public adjusters, or other third parties, retaine� by Borrower shall not be paid out of the insurance proceeds and shall be the sole obligation af Borrower. If the restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be applied to the sums secure�l by this Security Instrwnent, whether or not then due, with the excess, if any, paid to Bo�rrower. Such insurance prncceds shall be applied in the order provided for in Section 2. If Borrower abandons the Property, I,ender may file, negotiate and settle any available insurance claim and related matters. If Borrower does not respond within 30 days to a notice from Lender that the insurance carrier has offered ta settle a clairn, then Lender may negotiate and settle the claim. The 30-day period will begin when the notice is given. In either event, or if Lender acquires the Property under Section 22 or otherwise, Bonower hereby assigns to L.ender (a) Borrower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid under the Nate or this Security Instrument, and (b) any other of Borrower's rights (other than the right ta any refund of unearned premiurns paid by Borrower) under all insurance policies covering the Property, insafar as such rights are applicable to the coverage of the Property. Lender may use the insurance proceeds either to repair or restore the Property or to pay arnounts unpaid under the Note or this Security Instrument, whether or not then due. b. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's p�incipal residence within 60 days after the execution of this Security Instrurnent and shall continue to occupy the Prope�ty as Borrower's principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances �xist which are beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or impair the Property, allow the Property to deteriorate or comxnit 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 ar decreasing in value due to its condition. Unless it is deternuned pursuant to Section 5 that repair or resCoration is not economically feasible, Barrower shall promptly repair the Property if damaged to avoid further deterioration ar darnage. If insurance or condemnation proceeds are paid in connection with damage to, or the taking of, the Property, Borrower shall be responsible for repairing or restoring the Property only if I.,ender has released proceeds for such purposes. L,ender may disburse pror.eecls for the repairs and restaration in a single payment or in a series of progress payments as the work is completed. If the insurance or condecnnation proceeds aze nat sufficient to repair ar restore the Property, Borrower is not relieved of Borrower's obligation for the completion of such repair or restoration. Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender may inspect the interior of the irnprovements on the Property. Lender shall give Borrower notice at the tirne of or prior to such an interior inspection specifying such reasanable cause. 8. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, Borrower or any persons or entities acting at the direction of Borirower or with Borrower's knowledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material information) in connection with the Loan. Material representations include, but are not limited to, representations concerning Borrower's occupancy of the Property as Borrawer's principal residence. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-6�NE) losti) Page 7 of 15 in�t�ais: Form 3028 1/07 � �,