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201104121 work has b�n completed to L.ender'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 proc,eeds, I,ender shall not be zequired to pay Bonower any interest or earnings on such proce�ds. Fees for public adjusters, or other third parties, retain� 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,curity would be lessened, the insurance proc.e�ds shall be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Bonower. Such insurance proceeds shall be applied in the order provided for in Section 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 negotiate and settle the claim. The 30-day period will begin when the norice is given. In either event, or if Lender acquires the Property under 3e�tion 22 or otherwise, Bonower hereby assigns to Lender (a) Borrower's rights to any insuranc� proceeds in an amount not to excced the amounts unpaid under the Note or this 5e�urity Instrument, and (b) any other of Bonower's rights (other than the right to any refund of unearned premiums paid by Bonower) under a11 1nc,Tr�nce policies covering the Progerty, insofar as such rights are applicable to the coverage of the Property. Lender may use the insurance praceeds either to repair or restore the Properiy or to pay amounts wipaid under the Note or this Security Instrument, whether or not then due. 6. Occupancy. Bonower shall occupy, establish, and use the Properry as Borrower's principal residence within 60 days after the execution of this Security Instrument and sha11 continue to occupy tfie Property as Borrower's principal residence for at least one year after the date of occupancy, unless Lender otherwise agre�s in writing, which consent shall not be unreasonably withheld, or unless emenuating circumstances exist which are beyond Borrower's control. 7. Preservation, Nlaintenance and Protedion of the Pro�rty; Inspections. Bonrower shall not destroy, damage or impair the Property, allow the Property to deteriorate or commit waste on the Property. Whether or not Borrower is residing in the Property, Bonower shall maintain the Properiy in order to prevent the Property from deteziorating or decreasing in value due to its condirion. Unless it is determined pursuant to Section 5 that repair or restorarion is not economically feasible, Borrower sha11 promptly repair the Property if damaged to avoid fiu�ther deterioration or dama.ge. If insurance or condemnation proceeds are paid in conne,ction with damage to, or the ta.king of, the Property, Borrower shall be re,sponsible for repairi.ng or restoring the Property only if Lender has released proceeds for such purposes. 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. If the insurance or condemnation procee�s aze not sufficient to repair or restore the Property, Bonower is not relieved of Bonower's obligarion for the completion of such repair or restoration. ixnder or its agent may make reasonable entries upon and inspections of the Property. If it iias reasonable cause, Lender ma,y inspect the interior of the improvements on the Property. Lender shall give Borrower norice at the time of or prior to such an interior inspecrion specifying such reasonable cause. S. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, Bonower or any persons or enrities acting at the direction of Borrower or with Bonower's knowledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with materiai information} in connecrion witk the Loan. Material representations include, but are not limited to, representations concerning Bonower's occupancy of the Property as Borrower's principal residence. 11tEBRASKA - Singie Famity - Fannie Mae/Freddie Mac UNIFORM lNSTRUMENT �-6(NE) �oa>>) Pege 7 of 15 i�itieis: Form 3028 1/07 � �'Yl'��