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201100580 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 made in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not be required to pay Bortower any interest or earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Bonower shall not be paid out of the insurance proceeds and shall be the sole obligation of Bonower. 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 Bonower. Such insurance proceeds shall be applied in the order provided for in Section 2. If Borrower abandons the Property, Lender may file, negotiate and settle any availabie 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 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 undex Section 22 or otherwise, Borrower hereby assigns to Lender (a) $orrou�'s rights to any i��oe proceeds in an amount not to exceed the amounts unpaid under the Note or ffiis Security Instrume�t, aad (b) any other of Borrower's rights (other than the right to any refund of unearned premiums paid i�y Borrower) under a11 insurance policies covering the Property, insofar as such rights are applicable to ihe coverage of the Property. Lender may use the insurance proceeds either to repair or restore the Property ar to pay amounts unpaid under the Note or this Security Instrument, whether or not then due. 6. Occupancy. Bonower shall occupy, establish, and use the Properly as Borrower's principal residence within 60 days after the execution of this Security Instrument and shall continue to occupy the Property as Bonower'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 exist 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 commit waste on the Property. Whether or not Bonower is residing in the Property, Borrower slsali maintain the Property in order to prevent the Properiy from deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 ihat repair or restoration is not economically feasible, Bonower sh�ll promptly repair the Property if damaged to a�oid further deterioration or damage. If insurance or condemnation proceeds aze paid in connection with damage to, or the taking of, the Property, Barrower shall be responsible for repairing or restoring the Property only if Lender has released procceds for such purposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in a se�ics of progress payments as the work is completed. If the insurance or condenuiation proceeds aze na# � to repair or restore the Property, Borrower is not relieved of Borrower's obligafion for the co�letioa of such repair or restoration. Lender or its agent may make reasonable entries upon and inspecricros of the Property. If nt lras reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender shall give Borrower notice at the time of or prior to such an interior inspection specifying such reasonable cause. 8. Borrower's Loan Application. Bonower shall be in default if, during the Loan application process, Borrower or any persons or entities acting at the direction of Bonower or with Bonower's knowledge or consent ga�e 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 Bonower's occupancy of the Property as Bonower's principal residence. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-6(NE) rosiiJ Page7 of 15 in�vais: � Form 3028 1/01 � G,/-� _ ; ± � ,