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2011Q0�92 work has been completed 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 znade 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 obligation of 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 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 Borrawer abandons the Property, Lender may �le, negotiate and settle any available insurance claim and related matters. If Borrower does not respond within 30 days to a natice from Lender that the insurance carrier has offered to settle a claim, then Lender rnay 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, Borrower hereby assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid under the Note or this Security Instrurnent, and (b) any ather of Borrower's rights (other than the right to any refund af unearned premiums paid by Borrower) under all insurance policies covering the Froperty, insofar as such rights are applicable to the coverage of the Property. Lender rnay use the insurance proceeds eithex 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. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within 60 days after the execution af this Security Instrument and shall continue to occupy the Property as Borrower's principal residence for at least on� year after the date of occupancy, 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 Protection of the Froperty; Inspections. Borrower 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, $orrower 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 econornically feasibie, Borrower sha11 promptly repair the Property if damaged to avoid further deteriaration or damage. If insurance or condemnation proceeds are paid in connection with damage to, or the taking af, 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 ar in a series of progress payrnents as the work is completed. If the insurance or condemnation proceeds axe not sufficient to repair or restore the Property, Borrawer is not relieved of Borrower's obligation for the campletion of such repair or restoration. Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, L.ender may inspect the interior of the improvernents on the Property. Lender shall give Borrower not'tce at the time of or prior to such an interior inspection specifying such reasonable cause. S. Borrower's I.oan Application. Borrower shall be in default if, during the Loan application process, Borrower or any persons or entities acting at the direction of Borrower or with Borrower's knowledge or consent gave nnaterially false, misleading, ar inaccurate information or statements ta L.ender (or failed to provide Lender with material informatian) in connection with the I,oan. Material representations include, but are not limited to, representations concerning Borrower's occupancy of the Property as Borrower's principal residence. NEeRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUM�N'1' �-61NE) lo8> > 1 Page 7 of 15 Initials: � �( D Cr � Form 3 a8 9 /01 �./