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201101325 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 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 sha11 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, whetiier or not then due, with the excess, if any, paid to Bonower. Such insurance proceeds sha11 be applied in the order provided for in Section 2. If Borrower abandons the Property, Lender may file, negotiate and settle any available insurance claim and related matters. If Bonower dces 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-�ay period will begin when the notice is given. In either event, or if Lender acquires the Prc�periy u�der Section 22 or otherwise, Bonower hereby assigns to Lender (a) Borrower's rights to any i�ur� proceeds in an amount not to exceed the amounts unpaid under the Note or t�is Security Instnu�, �d (b) any other of Borrower's rights (other than the right to any refund of unearned premiums paid �y Borrower) under all insurance policies covering the Property, insofar as such rights aze applicable to t�e 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. 6. Occupancy. Borrower shall occupy, establish, and use the Property 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 sha11 not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Bonower shall not destroy, damage or impair the Property, allow the Property to deteriorate or commit waste on the Property. Whether or not Borrower is residing in the Property, Borrower s�all maintain the Property in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is deternuned pursuant to Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in connection with damage to, or the taking of, the �roperty, Borrower shall be responsible for repairing or restoring the Property only if Lender has released procceds for st�ch purposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in a ser�s of progress payments as the work is completed. If the insurance or condemnation proceeds are not suffic�i to repair or restore the Property, Borrower is not relieved of Bonower's obiigation for the compietuon o� such repair or restoration. Lender or its agent may make reasonabie Entries upon and inspections of the Property. If it has reasonable cause, Lender may inspect the intQrior of the improvements on the Property. Lender shali give Borrower no#ice at the time of or prior to such an interior inspection specifying such reasonable cause. 8. Borrower's Loan Application. Barrower 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 laiowledge 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 Borrower's principal residence. NEBRASKA - Singie Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-6(NE) lost i 1 Page 7 of 15 �nitials: Form 3028 1/01 �