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20�1432�0 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 Bonower 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 Bonower. If the restoration or repair is not economically feasible or I.ender's securitry 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 Borrower. Such insurance proceeds shall be applied in the order provided for in Section 2. If Borrower abandons the Property, Lender may 81e, negotiate and settle any available insurance claim and related matters. If Bozrower does not respond within 30 days to a notice from Lender that the ittsurance 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 under Section 22 or otherwise, Bonower hereby assigns to Lender (a) Bonower's rights to any insurance proceeds in an amount not to exceed the amouttts 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 Bonower) under all insurance policies covering the Property, insofar as such rights are applicable to the 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. Bortower 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 Borrower'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; Insgections. Borrower 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 shall maintain the Property in ozder to prevent the Ptoperty 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 prompfly repair the Property if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in conn�tion with daznage to, or the taking of, the Property, Bonower shall be responsible for repairing or restoring the Property only if Lender has release�l proceeds for such purposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of grogress payments as the work is completed. If the insurance or condemnation proceeds aze not sufficient to repair or restore the Property, Bonower is not relieved of Bonower`s obligation for the completion of such repair or restoration. Lender or its agent may make reasonable entries upon and inspections of the Property. If it has 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 Lo�n Application. Borrower shall be in default if, during the Loan application process, Borrower or any persons or entities acting at the direction of Borrower or with Bonower's knowledge or consent gave materiallq false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material infarmation) 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 zesidence. V02011.1 NEBRASKA - Single Family - Fannie Mae/Freddte Mac UNIFORM INSTRUMENT WITH � �-6A(NE? (oe�o) Page 7 of 16 inmais: r.n�028 1/01 0