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20 1iO3�71 work has been completed to Lender's satisfaction, provided fihat such inspeckion 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 agreementis made in writing or Applica.ble 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, reta.ined by Bortower 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 lessened, the insurance proceeds sha11 be applied to the sums secured by this Securily Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such insurance proceeds sha,ll be applied in the order provided for in Section 2. If Borrower abandons the Property, Lender may file, negotiate and settle auy available �nc�ra� 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 negotiate and settle the claim. The 30-day period will begin when the notice is given. In either event, or if Lender acquires tb.e Property under Section 22 or otherwise, Borrower fiereby assigns to Lender (a) Borrower's rights to any +nc�r�nsp proceeds in an. amount not to exceed the amounts unpaid under the Note or this Security Instrument, and (b) any other of Borrower's rights (other than the right to auy refiund of unearned premiums paid by Borrower) under a11 in.c�r,�n� policies covering the Progerly, insofar as such rights are applicable to the coverage of the Properly. Lender may use the insurance proceeds either to repair or restore the Properiy or to pay amounts unpaid under the Note or this Security Inshvment, whether or not then due. 6. Occupancy. Borrower 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 tfie Property as Borrower's principal residence for at least one year after the date of occupaucy, unless Lender otherwise agrces in writing, which consent shall not be unrea,sonably withheld, or unless extemiating circumstances e�st which are beyond Borrower's cnntrol. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or impair the Properly, allow the Property to deteriorate or commit waste on the Properiy. Whether or not Borrower is residing in the Properiy, Bonower shall ma.intain the Property in order to prevent the Property from deteriora.ting or decreasing in value due to its condition. Unless it is determined pursua.nt to Section 5 that repair or restoration is not economically feasible, Borrower shall prompfly repair the Property if damaged to avoid further dcterioration or damage. If insurance or condemnation proceeds are paid in connection with damage to, or the taking of, the Progerty, Borrower shall be responsible for repairing or restoring the Properly only if L.ender has relea.sed 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 �16 �ncnran�.P or condemnation proceeds are not suff'icient to repair or restore the Progerly, Borrower is not relieved of Borrower's obligation for the completion of such repair or zestoration. Lender or its agent may make reasonable entries upon and insgections of the Property. If it has reasonable cause, Lender may inspect the interior of the improvements on the Progerky. Lender shall give Borrower notice at the time of or prior to such an interior insgectaon specifying such reasonable ca.use. 8. Borrower's Loan Application. Borrower shall be in default if, during the L,oan application process, Borrower or any persons or entities acting at the direction of Borrower or with Borrower's l�owledge or consent gave materially false, misleading, or inaccurate information or statemenf,s to Lender (or failed to provide Lender with material informa.tion} in connection with the Loan. Material representations include, but are not limited to, representations concerning Borrower's occupancy of the Progerty as Borrower's principal residence. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM tNSTRUMENT � ��(NE) tae>» paga 7 of 16 inwei8: ��j�orm 3028 1/07