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� 201�.03614 work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse proceeds for the repairs and restorarion 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 shall be the sole obligarion of Bonower. If the restorarion or repair is not economically feasible or Lender's security would be lessened, the insurance praceeds shall be applied to the sums s�ured by this S�urity 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 Bonower abandons the Property, Lender may file, negoriate and settle any available insurance claim and related matters. If Bonower does not respond within 30 days to a notice from Lender that the insurance carrier has offered to settle a cla.im, then Lender ma.y negotiate and settle the claim. The 30-day periad will Uegin when the notice is given. In either event, or if Lender acquires the Property under Se�tion 22 or otherwise, Bonower hereby assigns to Lender (a) Borro�ver's rights to any i��rance proceeds in an amount not to exceed the amounts unpaid under the Note or this S�urity Instrument, and (b) any other of Borrower's rights (other than the right to any refund of uneazned premiums paid by Bonower) under all insurance policies covering the Property, insofar as such rights aze 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. Bonower shall occupy, establish, and use the Property as Bonower's principal residence within 60 days after the ex�urion 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; 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, Bonower 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 ec:onomically feasible, Bonower shall promptly repair the Property if damaged to avoid further deterioration or damage. If �n�,�rance or condemnation proceeiis are paid in conne,crion 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. Ixnder may disburse proce�ds 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 condemnarion procee�is 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. I.ender or its agent may make reasonable entries upon and insp�rions of the Property. If it has reasonable cause, Lender may inspect the interior of the improvements on the Property. L,ender shall give Bonower nodce at the time of or prior to such an interior inspection spe�ifying such reasonable cause. 8. Borrower's I.oan Application. Borrower shall be in default if, during the Loan application proc�,cs, Borrower or any persons or entities acting at the direction of Bonower or with Bonower'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 conn�tion with the Loan. Material representarions include, but aze not limited to, representarions concerning Bonower's occupancy of the Property as Borrower's principal residence. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT , �-6(NE) los��) Page 7 of 15 Initials:,' � ' i Form 3028 1/07