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�01�05��9 wark has been completed to Lendei's satisfaction, provided Lhat such insgection shall be underi'alcen prompfly. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress pa.yments as the work is campleted Unless an agreement is made in writing ar 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. Fces for public adjusters, or other third parties, retained by Borrower shall not be gaid out of the insurance proceeds and shall be the sole obligation of Borrower. If the restoration or repair is not �nomicatly feasible or Lender's s�urity would be lessened, the insurance proceeds shall be applie� to the sums se�cureal by this Security Iastrvment, whether or not then due, with the excess, if any, paid to Bonower. Such insurance prar,eeds shall be applied in the order provided for in Section 2. If Bonower abandons the Property, Lencler 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 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 eithhar event, or if Lender acquires the Property under 5ection 22 ar othervvise, Borrower hereby assigas to Lender (a) Bonower's rights to any insuc�nce proceeds in an amo�t not to exceed the amo�mts unpaid under the Note or this Sacurity Instrument, and (b) any other of Borrower's rights (other than the right to any refund of unearned premiums paid by Borrower) under all insurance �lici� coveting the ProPeri�', insofar as such rights aze applicable to the coverage of the Property. Lender may use the insittance procee�s either to repair ar restore the Property ar to pay amounts unpaid imder the Nate or this Se�urity Instrument, whether or not then due. 6. Occnpancy. Borrower sha,tt occupy, establish, �d use the Properiy as Bormwer's principal residence within 60 days after the exe�,rtion of this Security Iustrument and shall continue to occupy the Properiy as Borrower' s principal residence for at least one year after the date of occupancy, unless Lendet otherwise agr� in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower' s control. 7. Preserval3on, Maintenance and Ptotection of the Property; Inspecbions. Bonower shHll 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, Borrower shall ma.intain the Property in order to prevent the Property from deteriorating or d�reasing in value due to its condition. Unl�s it is determined pursuant to SECtion 5 that repair ar re.storation is not economically feasible, Borrower shall gromptly repair the Property if damaged to avoid further deterioration ar damage. If insurance or condemnation procceds are paid in connection with damage to, or the taking of, the Properiy, Bonower shall be responsible for repairing or restoring the Property only if Lender has released proceeds for such purpose.s. Lender may disburse proce�s for the repairs and restoration in a single payment or in a series of progresa payments as the work is completed. If the insurance or condemnation proceeds are not sufficie� to repair or restore the Property, Borrower is not relieve� of Bonower's obligation far the completion of such repa.ir or restoration. Lender ar its agent ma.y make reasonable entries upon and inspections of the Ptoperty. If it has reasonable cause, Lender may inspe�t the interior of tbe 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 Borrower sha.11 be in default i� during the Lo� applic�tion Process, Horrower or any persons ar eatities acting at the diraction of Bozrower ar with Borrower's knowledge or consent gave materially false, misleading, oz inaccurate informa�ion or statemeats to Lender (or failefl to provide Lender with material information) in conne�tion with the Lo�►. Material representations include, but are not limited to, represeutations concerning Borrower' s acxupancy of the Properly as Borrower' s principal residence. 2200142286 D D6ANE NEBRASKA - Single Family - Fannle Mae/Fr�eddie Mae UNIFORAA INSTRUMEMI' WRH M6i.S — �-6A(NE) �oe�ol Pege 7 of 16 InWal�`�t�� FOI'Ifl 3028 7/�� O