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2oi�oo�� work has been cornpleted to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender 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 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 any interest or earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Borrower shall not be paid out of the insurance proceeds and shall be the sole abligation of Borrower. Tf the restoration or repair is not economically feasible or I.,ender's security would be lessened, the insurance proceeds shall be applied to the sums secured by this Security lnstrument, whether or not then due, with the excess, if any, paid to $orrower. Such insurance proceeds shall be applied in the arder provided for in Section 2. If Borrower abandons the Property, Lender may file, negoCiate 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 to settle a claim, then I�,ender rnay negotiate and settle the clairn. 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, Borrower hereby assigns to Lender (a) Bnrrower's rights to any insurance proceeds in an amount not to exceed the arnounts unpaid under the Note or this Security lnstrument, 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, insofar 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 amounts unpaid under the Note or this Security Instrument, whether or not then due. G. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within 60 days after the execution of this Security Tnstrument and shall cantinue 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 shall not be unreasanably withheld, or unlsss extenuating circurnstances exist which are beyond Borrawer'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 commit wast� 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. Unless it is determined pursuant to Section 5 that repair or restoration is not economically feasible, Barrower shall promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or condernnation proceeds are paid in connection with damage ta, ar the taking of, the Property, Borrower shall be responsible for repairing or restoring the Property only if Lender has released proceeds for such purposes. Lender 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 praceeds are not sufficient to repair or restore the Property, Borrower is not relieved of Borrower's obligatian for the completian 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 improve�nents on the Property. I.ender shall give Barrawer natice at the time of or prior to such am interior inspection specifying such reasonable cause. 8. Borrawer's Loan Application. Borrower shall 6e in default if, during the I.oan application process, Borrower ar any persons or entities acting at the direction of Borrower or with Borrower's knowledge or consent gave materially false, misleading, or inaccurate information or statennents to I.ender (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 Praperty as Borrower's principal residence. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �� _��// D �-s�N�) (08111 Page 7 of 1 5 Initials: �ir • � ,�I . Form 3028 9 j09 � �