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20��0499� work has been completed to Lender' s satisfaction, provided that such inspection sha11 be undertaken promptly. Lender may disburse proceeds for the repairs and restoration in a single payment or in a seri� of progress payments as the work is completed. Unless an agre,ement is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender sha11 not be required to pay Borrower any interest or earnings on such proceeds. 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 Bonower. If the restorarion or repair is not e�onomically feasible or Lender' s security would be lessened, the insurance proceeds shall be applied to the sums secured by this S�urity 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, negoriate 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 Properly under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Bonower' s rights to any insurance proceeds in an amount not to exceed the amounts unpaid under the Note or ttus Security Instrument, and (b) any other of Bonower's rights (other than the right to any refund of unearned premiums paid by Bonower) under all insurance policies covering the Property, insofar as such rights aze applicable to the coverage of the Property. Lender may use the insurance proce�ds either to repair or restore the Property or to pay amounts unpaid under the Note or tlus S�urity Instrument, whether or not then due. 6. Occupancy. Bonower shall accupy, establish, and use the Property as Bonower' 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 ye,ar after the date of occupancy, unless Lender otherwise agrces in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Bonower' s control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Bonower shall not destroy, damage or impair the Property, allow the Property to deteriorate or commit waste on the Property. Whether or not Bonower is residing in the Property, Bonower shall maintain the Property in order to prevent the Property from deteriorating ar decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that repair ar restoration is not economically feasible, Bonower shall promptly repair the Properiy if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in conn�tion with damage to, or the taking of, the Property, Bonower shall be responsible for repairing or restoring the Property only if Lender has released proceeds for such purposes. Lender ma,y disburse procezds for the repairs and restoration in a single payment or in a series of progress payments as the work is complet�. If the insurance or condemnation proceeds are not sufficient to repair or restore the Property, Bonower is not relieved of Borrower's obligation for the completion of such repair or restoration Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender may inspect the interior of the improvements on the Property. 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 Bonower shall be in default if, during the Loan application process, Bonower or any persons or entities acting at the direction of Borrower or with Bonower' s knowledge or consent gave materially false, misleading, or inaccurate informarion or statements to Lender (or failed to provide Lender with material information) in connection with the Loan. Material representarions include, but are not limited to, representations concerning Bonower' s occupancy of the Properiy as Borrower' s principal residence. 11-05-000103 NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT WITH INERS �-6A(NE) (oe�o} Page7 of 15 in�c�ais: � Form 3028 1l01 m