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�O�i0526� 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 Bonower any interest or earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Bonower shall not be paid out of the insurance proceeds and shall be the sole obligation of Borrower. If the restoration or repair is not �onomically feasible or Lender's security would be lessened, the insurance procceds 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 insurance proceeds shall be applied in the order provided for in Secrion 2. If Bonower abandons the Property, Lender may file, negotiate and settle any available insurance claim and relate� matters. If Bonower does not respond within 30 days to a notice from Lender that the in��ra„ce carrier has offered to settle a claim, then Lender may negoriate and settle the claim. The 30-day periad will begin when the norice is given. In either event, or if Lender acquires the Property under Secrion 22 or otherwise, Bonower hereby assigns to Lender (a) Bonower's rights to any insurance procceds in an amount not to exc,ced the amounts unpaid under the Note or this Security Instivment, 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, insofaz as such rights aze applicable to the coverage of the Property. Lender may use the insurance proceeds either to repair or restore the Properiy 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 Properly as Bonower's principal residence for at least one year after the date of occupancy, unless Lender otherwise agrces in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances e�cist which aze beyottd 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 Properly. Whether or not Borrower is residing in the Properly, Borrower shall 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 restoration is not economically feasible, Bonower shall promptly repair the Property if damaged to avoid fiu�ther deteriora.tion or damage. If insurance or condemnation proceecis are paid in connection 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 may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. If the insurance or condemnation proc.e�is are not sufficient to repair or restore the Property, Borrower is not relieved of Borrower's obligarion 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 inspecrion specifying such reasonable cause. 8. Borrower's Loan Application. Bonower sha11 be in default if, during the Loan application process, Borrower or atty persons or entiries acting at the direction of Bonower or with Bonower's l�owledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material information) in connecrion with the Loan. Material representations include, but are not limited to, representarions concerning Bonower's occupancy of the Properly as Borrower's principal residence. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-6(�IE) (0811) Page 7 of 15 Initials: � � o �� � Form 3028 7 /01 �� � ` � �