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201�0301� work has b�n completed to Lender's satisfaction, provided that such inspecrion shall be undertaken promptly. Lender may disburse procseds 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 La�v requires interest to Ue paid on such insurance proceeds, L,euder shall not be required to pay Borrower any interest or earnings on such proc.eeds. Fces for public adjusters, or other third parties, retaine� by Bonower 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 lessene�, the insurance procseds 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 procceds shall be applied in the order provided for in S�tion 2. If Borrower abandons the Properly, Lender may file, negoriate and settle any available insutance claim and related matters. If Bonower does not respond within 30 days to a notice from Lender that the imsurance carrier has offered to settle a claim, then Lender may negotiate and settle the claim. The 30-day period will begin when the norice is given. In either event, or if Lender acquire.c the Progerty under S�tion 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rigixts to any insurance proce�ds in an amount not to exce�i the amounts unpaid under the Note or this Security 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, insofar as such rights are applicable to the coverage of the Property. Lettder 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 Properly as Borrower's principal residence within 60 days after the execution of this S�urity Insm�ment 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 Bonower'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 Bonower is residing in the Property, Borrower shall inaintain the Properry in order to prevent the Property from deteriorating or d�reasing in value due to its condition. Unless it is determined p»*��ant to S�rion 5 that repair or restoration is not economically feasible, Bonower shall promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds aze paid in conne�tion with damage to, or the taking of, the Property, Bonower shall be responsible for repairing or restoring the Property only if Lender has released proc�s for such purposes. 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. If the insurance or condemnation proceetis are not sufficient to repair or restore the Property, Bonower is not relieved of Borrower's obligation for the completion of such repair or restordiion. L$nder or its agent may make reasonable entries upon and inspecrions of the Property. If i# has reasonable cause, Lender may inspect the interior of the improvements on the Properry. Lender shall give Bonower notice at the time of or prior to such an interior insp�tion specifying such reasonable cause. 8. Borrower's Loan Application. Bonower shall be in default if, during the Loan appli�tion process, Bonower or any persons or entities acting at the dir�tion of Bonower or with Borrower's lmowledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material informarion) in conne,crion with the Loan. Material repre.sentations include, but are not limited to, representations concerning Borrower's occupancy of the Property as Bonower's principal residence. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-6(NE) losi �) Page 7 of 15 mmais: Form 3028 1/01 � � � �' !d' �°