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20110296� work has been completed to Lender's satisfaction, provided thst such inspection sLaq be undertaken prompfly. Lender may disburse procads for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. Unless an a�eement is made in writing or Applicable Law requires interest to be paid on such insurance procaeds, Lender shall not be required to pay Borrower aay interest or eaznings on such proceeds. Fees for public adjusters, or other tivrd pazties, 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 insivance proceeds shall be applied to the sums secured by flris Sec�uity Instrument, whethec or not then due, with the eatcess, if any, paid to Borrower. S�ch 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 available insivance claim and related xnatters. If Borrower does not respond within 30 days to a notice from Lender that the insurance carrier has offered to settle a cl�'m, then Lender may negoriate and settle the claim. The 30-day period will begin when the norice is given. In either event, or if Lender acquires the Property under Section 22 or othenvise, Borrower hereby assi�s to Lender (a) Boaower's rights to any insurance procceds in an amount not to exceed the amounts unpaid under the Note or this Secutity Instrument, 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, insofat as such rights aze applicable to the coverage of the Property. Lender may use the insurauce 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, estsblish, and use the Property as Borrower's principal residence within 60 days after the execution of this Security Insfiament and shall continue to occupy the Properry as Boaower' 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 eacist wlrich aze beyond Borrower' s control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not deslroy, 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 shall maintain the Proper[y in order to prevent the Properry from deteriorating or decreasing in value due to its condirion. Unless it is detetmined p�suant to Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if daznaged to avoid furthar deterioration or damage. If insurance or condemnation proceeds are paid in cannection with damage to, or the taldng of, the Property, Borrower shall be responsible for repairing or restoring the Properry only if Lender has released proceeds for such purposes. Lender may disbnrse procceds for the repairs and restoration in a single paytuent or in a series of progress payments as the work is completed. If the insurance or condemnation proceeds aze not sufScient to repair or restore the Property, Bortower is not relieved of Borrower's obligation for the wmpletion of such repair or restoration. Lender or its agent may make reasonable enhies upon and inspections of the Property. If it has reasonable cause, Lender may inspect the interior of the improvements on the Propetty. Lender shall give Borrower notice az the time of or priar to such an interior inspection specifying such reasonable cause. 8. Borrower's Loan Application. Borrower shall be in defauk if; during the Loan application process, Borrower or any persons or entities acting at the direction of Borrower or with Borrower's l�owledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material informarion) in connection with the Loan. Material representatioas include, but aze not limited to, representations conceming Bonower's occupancy of the Property as Borrower's principal residence. 10-12301 NEBRASKA - Single Family - Fannie MaelFreddia Mse UNIFORM INSTRUMENT WI7H MERS �-6A(NE)�oato� Pape1of75 minais: Form3028 1/01 � V �