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201102624 work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lcndcr may disbursc procccds lor thc rcpairs and restoration in a singlc paymcnl or in a scrics oi� progress payments as the work is completed. lJnless an agreement is made in writing or Appiicable Law requires interest to be paid on such insurance proceeds, Lender shall not be required to pay Borrower any interest ar earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Borrower shall nul be puid ciul uf lhe insurance proceeds and shall be lhe ��le ohligatiun of Burrower. If tl�e restoration or repair is iiot economically feasible or Lender's security wotild be lessened, the insurance proceeds shall be applied to the sums secured by this Security Instrumcnl, whether or not then duc, with the cxcess, if any, paid to Borrower_ Such insurance Proceeds shall be apPlied in the order provided for in Section 2. If Borro�vcr abandons thc Property, Lcndcr may tilc, ncgotiatc and scttic any availablc insurancc claim and related inatters. lf Borrowcr does not respond within 30 days to a notica li Lender that the insurance carrier has offcred to settle a claim, then Lender may negoti�te and settle the claim. The 3U-day period will begin when the nolicc is given. In cilher event, or if Lcnder acquires Ihe Property under Sectiun 22 or olherwise, Burriiwer hereby assignti lo Lender (a) Burrow�r's righls Lo any insurance proceeds in an amount uot to exceed the amout�ts unpaid under il�e Note or this Security Instru�nent, and (b) any other of Borrower's rights (other than the right to any refimd of unearned premiuuis paid by Borrower) under all insurance policie5 covering the Property, insofar as such rights are applicable to the coverage of the Pruperty. Lender may use the insurance proc�eds either to repair or reslore the Property or lo pay amounts unpaid undcr thc Notc or this Sccurity Instrumcnt, whcthcr or not thcn duc. 6. Occupancy. Borrower shall occupy, establish, and use the Properiy as Borrower's principal residence within 60 days after the execution of this Security Instniment and shull continue to occupy the Property as Borrower's principal residence for at least one year �fter the date of occupancy, imless Lender otherwise agrees in wriling, which cons�nt shall nut he unreasonahly withheld, c�r unletis exlenuating circumstances exist which are beyond Borrower's control. 7. Preservation, Maintenance. and Protection uf the Property; Inspections. Borrower shall not destroy, dainage or impair the Properly, allow thc Property to deteriorate or coinmit waste on the Property. Whether or not Borrower is residing in the Property, Borro�uer shall maintain the Property in ordcr to prcvcnt thc Property from dctcriorating or dccrcasing in valuc duc to its condition. Unlcss it is determined pursuant to Sectiun 5 that repair ar restoration is not ecotiomically feasible, Borrower shall promptly repair the Property if damaged to avoid turther deterioration or datnage_ If insurance or cnndemnatitm proceeds are paid in connection with da�nage to, or the iaking of, the Property, Borrower shall be respuntiible fi�r rerairing ur r�nloring the Pruperly only il� Lender hus releatic;d Proceeds fi�r tiuch purposes. Lender may disburse proceeds for lhe repairs and restoration in a single nayment or in a series of progress payinents as the work is couipleted. If the insurance or condeuination proceeds are not sufficicnt to repair or restore the Property, Borrower is not relieved �f Borrower's obligation li�r the completion of such repair or restoration. Lcndcr or its agcnt may makc rcasonablc cntrics upon and inspcctions of thc Properly_ If it has rcasonablc causc, Lcnder may inspcct thc intcrior of thc iinprovcmcnts on thc Property. Lcndcr shall givc Borrower notice at the time oi' or priar to such an interior inspection specilying such reasonable cause. 8. Burruwer's Loun Applicatiun. Borrower shall be in dcfault if, during the Loan application prc�ce;��, [3c�rri�wer or any personti or entilieti ucling at lhe direcli�m i�C Bcirrciwer �ir with Burruwer's la�owledgc oc consent gave materially false, misleading, or inaccurate information or stateinents to Lender (or failed to provide Lcnder with material infonnation) in connection with the Loan. Material representations include, but are not li�nited to, representations conceming [iorrower's occupancy of the Property as I3orrower's principal residence. / � NEBRASKA- Single Family - Fannie Mae/Freddie Mac UMFORM INSTRUMENT /�'�� l%�� �-6�NE) (0811) Page7of95 Initials: �� Form 3028 1/01