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201103269 work has been completed to Lender's satisfaction, provided that such inspecrion 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 Bonower shall not be paid out of the �n�,�,�nce 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 insurance proceeds shall be applied to the sums secured by this Secutity Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such insuaance proceeds shall be applied in the order provided for in Section 2. If Bortower abandons the Properiy, Lender may file, negotiate and settle any available insu.rance claim and related matters. If Borrower does not respond within 3Q days to a norice from Lender that the insurance cartier 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) Borrower's rights to any insutance proceeds in an amount not to exceed the amouats unpaid under the Note or this Security Instrttment, and (b) any other of Borrower's rights (other than the right to any refund of unearned premiums paid by Borrowet) under all inswance policies covering the Property, insofar as such rights are applicable to the covetage of the Propetty. Lender may use the �nc,�rance proceeds either to repair or restore the Ptoperty or to pay amounts unpaid uader the Note or this Security Instrument, whether or not then due. 6. Occupancy. Bonower shall occupy, establish, and use the Properiy as Borrower's prin.cipal 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 othervvise agrees in wtiting, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which aze beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or impair the Propert�y, allow the Property to deteriorate or commit waste on the Property. Whether or not Boaower is residing in the Property, Borrower shall maintain the Property in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is determined 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 inc��nce or condemnation proceeds are paid in connection with damage to, or the taking of, the Properiy, Bonower shall be responsible for repairing or restoring the Property only if Lender has released proceeds 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 proceeds are 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 inspecrion specifying such rea�nable cause. 8. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, Bortower or any persons or entities acting at the direction of Borrower or with Bortower's lmowledge or consent gave materially false, misleading, or inaccutate informarion 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- Single Family - Fannle Mae/Freddle Mac UNIFQRAA INSTRUMENT �-6(NE) roe� �� Page 7 of 15 �nitle�s: Form 3028 7/07