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2Q11039 work has been completed to Lender's satisfaction, provided tha.t such inspection shall be undertaken promptly. Lender may disburse proceeds for the repairs and restoration in a single gayment 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 Por 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 security would be lessened, fhe 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�ran� pm��$ �� agglied in the order provided for in Section 2. If Borrower abandons Yhe Property, Lender ma.y fil,e, negotiate and settle any availa.ble insurance claun and related ma.tters. ff Borrower does not resgond within 30 days to a notice from Lender tha.t the insurance carrier ha.s offered to settle a claim., then Lender ma.y negotia.te 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 iigtitS t0 e.IIy inc�ran� 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 tUan the right to any refiund of unearned premiums paid by Borrower) under all insurance policies covering the Properly, insofaz as such rights are applicable to the coverage of the Properiy, Lender may use the insurance proceeds either to repair or restore the Properiy 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 Properiy as Borrower'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, uuless Lender atherwise agrees in writing, which consent shall not be unreasonably withheld, or unless exteuuating circumstances exist which are beyond Bonower's conirol. 7. Preser9a6on, Maintenance and Protection cif the Property; Inspections. Borrower shall not destroy, damage or impair the Properly, allow the Property to deteriorate or commit waste on the Property. Whether or not Borrower is residing in the Property, Borrower shall maintain the Property in order to prevent the Properly from deteriorating or decreasing in value due ta its condition. Unless it is determined pursuant to Section 5 that repair or resf.oration is not economically feasible, Borrower shall prompfly repair the Property if damaged to avoid further deterioration or dama.ge. If insura.nce or condemnation proceeds are paid in connection with damage to, or the taking of, the Property, Borrower 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 serics of progress payments as the work is completed. If the �nc�,ransp or condemnation pmceeds are not sufficient to repair or restore the Properiy, Borrower is not relieved of Borrower's obligation for the completion of such repair or restoration. Lender or its agent ma.y make reasonable entries upan and inspections of the Progerly. If it has reasonahle cause, Lender may inspect the interior of the improvements on the Property. Lender shall give Bonawer notice at the time of or prior to such an interior inspection specifying such rea.sona,ble ca,use. 8. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, Borrower or any gersons o.r entities acting at the direction of Bonower or with Borrower's lrnowledge or consent gave materially false, misleading, or ina.ccurate information or statements to Lender (or failed to provide Lender with material information) in connection with the I.oan. Material representations include, but are not limited to, representations concerning Borrower's occupancy of the Property as Borrawer's principal residence. NEBRASKA - Single Family - Fennie Mee/Freddie Mec UNIFORM (NSTRUMENT � roa11t Page7of 7b ir�nei8: '� �� Form 3028 1/01 C.�►