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2011033�2 work has been completed to Lender's satisfaction, provideri that such inspection shall be undertaken promptly. L,ender 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 procceds. Fees for public adjusters, or other third parties, 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 se�urity would be lessenefl, 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 procee�s shall be applied in the order provided for in Secrion 2. If Bonower abandons the Property, Lender may file, negotiate and settle any available insurance claim and related matters. If Borrower does not respond within 30 days to a notice from Lender that the insurance carrier has offered to settle a claim, then Lender may negoriate and settle the claim. The 30-day period will begin when the notice is given. In either event, or if L.ender acquires the Progeriy under Section 22 or otherovise, Bonower hereby assigns to I.ender (a) Bonower's rights to any insurance procceds in an amount not to exceed the amounts unpaid under the Note or 9�is Security In�t, 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 applicabie 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. Borrower shall occupy, establish, and use the Property as Bonower'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, wluch consent shall not be unreasonably withheld, or unless extenuating circun�stance.s exist which are beyond Bonower's control. 7. Preserva�an, Maintenance and Protection of the Property; Inspections. Bonower shall not destroy, damage or impair the Property, allow the Property to deterioraie or coznmit waste on the Property. Whether or not Borrower is residing in the Property, Bonower s�all maintain the Property in order to prevent the T'roperty from deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to 5ection 5 that repair or restorarion is not economically feasible, Borrower shall promptly repair the Pro�erty if damaged to avoid further deterioration or damage. If insurance or condemnation proceefls are paid in connection with damage to, or the taking of, the Property, 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 sufficiern to repair or restore the Properly, Borrower is not relievefl of Bonower's obligation for the compldion of such repair or restorarion. Lender or its agent may make reasonable entries upon and inspections of the Property. If i� �as reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender shali give Bonower norice at the time of or prior to such an interior insp�tion sp�ifying such reasonable causQ. 8. Borrower's I.oan Application. Bonower shall be in default if, during the Loan appiication process, Bonower or any persons or enrities acting at the direction of Borrower or with Borrower's knowledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material information) in connection �vith the Loan. Material representations include, but are not limited to, representations conc�rning Borrower's occupancy of the Property as Bonower's principal residence. NEBRASKA - Single Family - Fanaie Mae/Fredde Mac UNIFORM INSTRUMENT �-6(NE) ros�i1 Page7of 15 inmais:� Form 3028 1/01 m r�� .a�. m . �° �. �j