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20��o42s� 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 he 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, retaine�i 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 s�urity would be lessened, the insurance proceeds shall be applied to the sums secured by tlus Securixy InstYVment, whether or not then due, wi�ia the excess, if any, paid to Bonower. Such insurance proceeds sha11 be applied in the order provided for in Section 2. If Bonower abandons the Properiy, 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 Prog�rty under Se�tion 22 or otherwise, Bonower hereby assigns to Lender (a) Borrower's rights to any insurance procads in an amount not to excee�i the amounts wipaid under the Note or this S�urity Instn�ment, and (b) any other of Bonower's rights (other than the right to any refund of unearned premiums paid by Bonower) under aI1 insurance policies covering the Properiy, insofar as such rights ate applicable to the covera.ge of the Property. I.ender may use the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the Note or this Se.curity Instrument, whether or not then due. 6. Occupancy. Bonower 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 the Property as Borrower's principal residence for at least one year after the date of occupancy, unless Lender otherwise agr�s in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Bormwer's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not d�.roy, damage or impair the Properky, allow the Property to deteriorate or commit waste on the Property. Whether or not Borrower is residing in the Property, Bonower sha11 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 restorarion is not ec:onomically feasible, Bonower shall promptly repair the Property if damaged to avoid further deteriora.tion or damage. ff insurance or cottdemnarion proceeds aze paid in connection with damage to, or the taking of, the Property, Bonower shall be responsible for repairing or zestoring the Property only if Lender has released proceeds for such purposes. Lender may disburse proce�ds 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 procceds are not sufficient to repair or restore the Properiy, Borrower is not relieved of Borrower's obligation for the oamgletion of such repair or r�toration. 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 Property. Lender shall give Barrower notice at the time of or prior to such an interior inspection sp�ifying such reasonable cause. 8. Borrower's Loan Application. Bonower shall be in default if, duriug the Loan application process, Borrower or any persons or entities acting at the direction of Bonower or with Bonower's lanowledge or consent gave materially false, misleading, or inaccurate information or staiements to Lender (or failed to provide Lender with material informarion) in connection with the Loan. Material representations include, but aze not limited to, representations concerning Bornower's occupancy of the Property as Borrower's principal residence. NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT �-6(NE) (0811) Pege 7 of 15 lnitials: � ' , ti ; , ; Form 3028 7/07 �- �