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�0�1054�5 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 pmgress payments as the work is comgleted. 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 for 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 restora.tion or repair is not economically feasible or Lender's security would be lessened the �nc�ran� proceeds 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 �nc„ransp proceeds shall be applied in the order provided for in Section Z. If Bonower abandons the Property, Lender may file, negotiate and settle any availa.ble insurance claim and related matters. ff 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 Progerty under Section 22 or otherwise, Bortower hereby assigns to Lender (a) Bonower's rights to any insurance proceeds in an amount not to exceed fhe amounts u�paid under the Note or this Security Instrument, and (b} any other af Bozrower's rights {other than the right to any refund of unea.rned premiums paid by Borrower) untier all insurance policies covering the Property, insofar as sttch rights are applicable to the coverage of the Property. Lender may use the inc�,ra„� proceeds either to repair or restore the Property 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 Properly as Borrower's principal residence within 60 days after the execution of this Security Tnstrument and sha11 contimie to occupy the Property as Borrower's principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, wluch consent shall not be unrea.sonably withheld, or unless exteuuating circumstances exist which are beyond Borrower's control. 7. Pre�er�ation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or impair the Properly, allow the Property to deteriora.te or commit waste on the Property. Whether or not Borrower is residing in the Properiy, Borrower shall maintain the Property in order to prevent the Properly from deteriorating or decreasing in value due to its condition. Unless it is detezmined pursuant to Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Progeriy if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in connection with damage to, or the taking of, the Properiy, Borrower shall be responsible for repairing or restoring the Property only if Lender ha.s released proceeds for such purposes. Lender may disbwrse 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 proceeds are not sufficient to repair or restore the Properiy, Bonower is not relieved of Borrower's obligation for the completion of such repair or restora.tion. Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, L,ender may inspect the interior of the improvements on the I'roperty. Lender shall give Borrower notice at the tune of or pzior to such an interior inspection sgecifying such reasonable cause. 8. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, Borrower or any persons or evLities acting at the direction of Borrower 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 connection with the Loan. Material representations include, but are not limited to, representations concerning Borrower's occupancy of the Prog�rty as Borrower's principal residence. NEBRASKA - Singie Family - Fennie Mae/Freddie Mec UNIFORM INSTRUMEIUT �-6(NE) toett) Page7of 16 �n�a�s: Form 3028 1/01 �