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�os�o37s� 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 Borrower any interest or earnings on such pmceeds. Fees for public adjusters, or other third parties, reta.ined by Borrower sha11 not be paid out of the �n�►,rance proceeds and shall bE the sole obligation of Borrower. ff 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 Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such �nc� proceeds shall be applied in the order provided for in Section 2. If Borrower 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 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, Borrower hereby assigns to Lender (a) Borrower's rights to azry insurance proceeds in an amount not to exceed the amounts unpaid under the Note or this Security Instrument, and (b) any other of Bortower's rights (other than the right to any refund of »n a*r+ed premiums paid by Borrower) under all insurance policies covering the Property, insofar as such rights are applicable to the coverage of the Property. Lender ma.y use the insurance proceeds either to repair or restore the Property or to pay amounts u�aid under the Note or this Security Instrument, whether or not then due. 6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within 60 da.ys after the execution of this Security Inshument and shall continue to occupy the Properly 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 unrea.sonably withheld, or unless extenuating circumstances exist which are beyond Bonower's control. 7. Presereation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or impair the Property, allow the Property to deteriorate or commit waste on the Properiy. Whether or not Bonower is residing in the Property, Bonower shall maintain the Properiy in order to prevent the Properly 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, Borrovver shall promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in connection with damage to, or the taking of, the Property, Borrower shall be resgonsible far repairing or restoring the Progerty only if Lender has released proceeds for such purposes. Lender may disbuise proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. If the �nc�ransp or condemnation proceeds are not sufficient to repair or restore the Property, Borrower is not relieved of Bonower's obligation for the completion of such repair or restora.tion. Lender or its agent may make reasonable eniries upon and inspections of the Property. If it has reasonable cause, Lender may inspect the interior of the improvements on the Progeriy. Lender shall give Borrower notice at the time of or prior to such an interior inspection specifying such reasonable cause. 8. Borrower's Loan 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 Borrower's l�owledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with ma.terial information) in connection with the Loan. Material representations include, but are not limited to, representations concerming Borrower's occupancy of the Property as Borrower's principal residence. NEBRASKA - Single Family - Fannie MaafFraddie Mac UNIFORM INSTRUMENT �-6(NE) �oet�t Page7of 16 tra�aeis: Form 3028 1/01